Encore4x Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-20 11:10

Abstract：Encore4x is a broker. The tradable instruments include crude oil, gold, currencies, and more. The broker also provides three accounts with a maximum leverage of 1:400, including mini, premium, and VIP. The minimum spread is from 0.8 pips and the minimum deposit is $10. Encore4x is still risky due to its unregulated status.

Encore4x Review Summary
Founded	2-5 years
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Crude Oil/Gold/Currencies
Demo Account	✅
Leverage	Up to 1:400(Mini account)
Spread	From 0.8 pips
Trading Platform	MT5
Min Deposit	$10
Customer Support	Phone: +44 7452 056695
	Email: support@encore4x.com
	Live chat

Encore4x Information

　　Encore4x is a broker. The tradable instruments include crude oil, gold, currencies, and more. The broker also provides three accounts with a maximum leverage of 1:400, including mini, premium, and VIP. The minimum spread is from 0.8 pips and the minimum deposit is $10. Encore4x is still risky due to its unregulated status.

Pros and Cons

Pros	Cons
Leverage up to 1:400(Mini)	Unregulated
MT5 available	Inaccessible official website
Spread from 0.8 pips	Unspecific transfer time and fee information
Demo account available
Various tradable instruments

Is Encore4x Legit?

　　Encore4x is not regulated, making it less safe than regulated brokers.

What Can I Trade on Encore4x?

　　Encore4x offers various market instruments, including crude oil, gold, currencies, and more.

Tradable Instruments	Supported
Crude Oil	✔
Gold	✔
Currencies	✔

Account Type

　　Encore4x has three account types: mini, premium, and VIP. Traders who want low spreads and low leverage can choose a VIP account, while those with a small budget can open a mini account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.

Account Type	Mini	Premium	VIP
Spread	From 1.9 pips	From 1.2 pips	From 0.8 pips
Minimum Deposit	10 USD	3000 USD	10000 USD & Above
Trade Size	0.01 Lot	0.01 Lot	0.01 Lot
Leverage	1:400	1:200	1:200
Hedging Allowed	✔	✔	✔
Commission	0	0	0

Encore4x Fees

　　The spread is from 0.8 pips, the commission is 0. The lower the spread, the faster the liquidity.

Leverage

　　The Mini account's maximum leverage is 1:400meaning that profits and losses are magnified 400 times.

Trading Platform

　　Encore4x cooperates with the authoritative MT5 trading platform to trade. Traders with rich experience are more suitable for using MT5. MT5 not only provides various trading strategies but also implements EA systems.

Trading Platform	Supported	Suitable for
MT5	✔	Experienced traders

Deposit and Withdrawal

　　The minimum deposit is $10. Encore4x accepts Visa, MasterCard, Skrill, Visa Electron, Neteller, Perfect Money, Bitcoin, and more for deposit and withdrawal. However, the official website is inaccessible, transfer processing times and associated fees are unknown.