Overview
EnticeCapital is a UK-based trading company that operates without regulatory authorization, potentially posing risks to clients. They offer various account types with varying minimum deposits, high leverage up to 1:500, and spreads ranging from 0.8 pips to 1.8 pips on different accounts. The trading platform used is MetaTrader, and they provide access to Forex, Indices, Commodities, Stock CFDs, ETF CFDs, and Cryptocurrencies.
However, the lack of regulation raises concerns about the safety of funds and reliability. Their educational resources are limited, and customer support is available via email and chat during specific hours. EnticeCapital accepts cryptocurrency payments. When considering this company, it's crucial to be cautious due to its lack of regulation and conduct thorough research.
Regulation
EnticeCapital does not appear to have valid regulatory authorization as a broker, which is a significant concern for potential investors. Valid regulatory oversight is essential for ensuring the safety and security of investments and protecting investors from potential fraud or misconduct. It is highly advisable for individuals to exercise caution and conduct thorough research before engaging with any financial institution that lacks proper regulatory credentials, as it may pose a higher level of risk to their financial assets. In such cases, it is recommended to seek out reputable and regulated brokerage firms to ensure a more secure and regulated investment experience.
Pros and Cons
EnticeCapital offers a range of market instruments and account types to cater to traders with different needs and risk appetites. It provides competitive spreads and commissions, along with high maximum leverage for experienced traders. The platform also offers access to the user-friendly MetaTrader platform.
However, there are significant concerns regarding EnticeCapital's lack of valid regulatory authorization, which can impact investor protection. The platform also lacks comprehensive educational resources and has transparency issues in its deposit and withdrawal processes, including potential hidden fees and lengthy processing times. Customer support hours are limited, and traders should exercise caution and conduct thorough research before engaging with this broker.
Market Instruments
EnticeCapital offers a variety of market instruments to its clients, including:
Forex: EnticeCapital provides access to the foreign exchange market, allowing traders to buy and sell major and minor currency pairs. This enables investors to speculate on the price movements of different currencies against each other, seeking profit opportunities from fluctuations in exchange rates.
Indices: Clients of EnticeCapital can trade indices, which represent the performance of a specific group of stocks or assets. This allows traders to speculate on the overall direction of markets, such as stock market indices like the S&P 500, Dow Jones Industrial Average, or FTSE 100.
Commodities: EnticeCapital offers the opportunity to trade various commodities, including precious metals like gold and silver, energy commodities like crude oil, and agricultural products like wheat or corn. Commodity trading allows investors to diversify their portfolios and potentially benefit from price movements in these markets.
Stock CFDs & ETF CFDs: EnticeCapital offers Contracts for Difference (CFDs) on stocks and exchange-traded funds (ETFs). This allows traders to speculate on the price movements of individual stocks or ETFs without owning the underlying assets, providing flexibility and potential profit opportunities from both rising and falling markets.
CFDs on Bitcoin & Other Cryptocurrencies: The platform offers CFDs on popular cryptocurrencies like Bitcoin and other digital assets. This allows traders to engage in cryptocurrency markets, taking positions on the price movements of these volatile assets without the need for physical ownership.
Account Types
EnticeCapital provides traders with a choice of four distinct account types, each tailored to accommodate varying trading needs and preferences. The Classic Account serves as an entry point with a minimum deposit requirement of just 100 USD. Traders using this account can select from multiple account currencies, including EUR, USD, and JPY. The spreads start from 1.8 pips*, and traders can enjoy leverage of up to 1:500. This account type is well-suited for beginners and those who want to start trading with a modest initial investment. It also allows the use of Expert Advisors (EAs) for automated trading strategies.
For more seasoned traders seeking tighter spreads, the PRO Account is available with a minimum deposit of 1,000 USD and similar account currency options. Spreads start from 1.4 pips*, and maximum leverage remains at 1:500. The PRO Account maintains the ability to use EAs and offers IB commissions of $8 per lot. This account type caters to traders with a bit more experience who are willing to commit a higher initial deposit.
The ECN Account is designed for traders looking for the most competitive spreads, starting from 0.8 pips*, but it requires a minimum deposit of 2,500 USD. This account type provides a maximum leverage of 1:200 and does not have IB commissions. However, it does have a direct commission of $6 per lot traded. Traders opting for the ECN Account value low-cost trading and direct market access. Like the previous accounts, EAs are also allowed here.
Lastly, EnticeCapital offers a VIP Account, which targets professional and high-volume traders. With a minimum deposit requirement of 5,000 USD, this account type offers the same competitive spreads starting from 0.8 pips* as the ECN Account. Maximum leverage remains at 1:200, but it offers the lowest IB commissions at $4 per lot. The VIP Account provides premium trading conditions for those willing to make a substantial initial deposit and is suitable for experienced traders who value the tightest spreads and lowest commissions.
Leverage
EnticeCapital offers a maximum trading leverage of up to 1:500. Leverage allows traders to control a larger position with a smaller amount of capital but comes with increased risk. Traders should use high leverage cautiously, and it's crucial to have a risk management strategy in place. High leverage may be suitable for experienced traders but not recommended for beginners.
Spreads and Commissions
EnticeCapital offers different spreads and commissions depending on the chosen trading account. The spreads represent the difference between the buying (ask) and selling (bid) prices of assets and can vary among the account types.
For the Classic Account, spreads start from 1.8 pips, making it a suitable choice for traders looking for competitive pricing while starting with a modest minimum deposit of 100 USD. This account also incurs IB commissions of $13 per lot traded.The PRO Account, on the other hand, offers tighter spreads starting from 1.4 pips and lower IB commissions at $8 per lot. This account targets more experienced traders who are willing to commit a minimum deposit of 1,000 USD.
The ECN Account is designed for traders seeking the most competitive spreads, with rates starting from 0.8 pips. While this account does not have IB commissions, it has direct commissions of $6 per lot traded. A higher minimum deposit of 2,500 USD is required for this account.
Lastly, the VIP Account also provides spreads starting from 0.8 pips* and the lowest IB commissions at $4 per lot. This account type caters to professional and high-volume traders who can meet the minimum deposit requirement of 5,000 USD.
Deposit & Withdrawal
EnticeCapital's deposit and withdrawal process can be characterized by a lack of transparency and certain drawbacks.
Deposit:
While the minimum deposit for Crypto Wallets with USDT TRC-20 is 20 USDT, the processing time, albeit relatively quick at a minimum of 15 minutes, can be inconsistent. Additionally, while they may claim to cover fees, it's crucial to be cautious, as hidden charges or unfavorable exchange rates may still apply, impacting the overall cost of depositing funds.
Withdrawal:
Withdrawals using a Crypto Wallet with USD TRC-20 have a minimum withdrawal requirement of 100 USD, 100 EUR, or 100 GBP. The processing time of up to 24 working hours can be considered lengthy, especially in the fast-paced world of financial markets. Once again, the claim of covering fees should be scrutinized, as the actual cost of withdrawal may not be as transparent as one would hope.
In summary, EnticeCapital's deposit and withdrawal procedures may leave clients feeling uncertain due to potential hidden fees, extended processing times, and a lack of full clarity in their financial transactions. Traders should exercise caution and thoroughly review the terms and conditions before engaging in deposit and withdrawal activities with this broker.
Trading Platforms
Entice Capital offers traders access to the versatile MetaTrader platform, known for its excellent trade conditions featuring low fixed spreads and negative balance protection. The platform provides a user-friendly experience with single-click trading, preinstalled indicators, and analysis tools, streamlining the trading process. Additionally, custom trading templates enhance personalization. MetaTrader is available on a variety of devices, including iPhone, iPad, Android, tablets, and PCs, ensuring flexibility and convenience for traders to access their preferred trading environment.
Customer Support
EnticeCapital offers a variety of customer support options to cater to the needs of its clients. Clients can reach out to the support team via email at support@enticecapital.com, with a commitment to provide replies within 48 hours. Additionally, for real-time assistance, a chat feature is available from 10 AM to 12 AM GMT +8, Monday through Friday. This range of communication channels allows clients to seek assistance and resolve queries according to their convenience, ensuring a responsive and accessible customer support experience.
Educational Resources
EnticeCapital does not appear to offer a comprehensive range of educational resources for traders. Having access to educational materials can be valuable for traders looking to improve their skills and knowledge in the financial markets. Traders may need to seek supplementary educational sources or rely on external resources to enhance their understanding of trading strategies, market analysis, and risk management when using this platform.
Summary
EnticeCapital is a trading platform that operates without valid regulatory authorization, raising concerns about investor protection. While it offers a variety of market instruments, including Forex, indices, commodities, stock CFDs, ETF CFDs, and cryptocurrencies, it lacks comprehensive educational resources. The platform features four account types, catering to traders with different needs and risk appetites, and offers leverage of up to 1:500. Spreads and commissions vary across account types, with competitive options for both novice and experienced traders. The deposit and withdrawal process raises transparency concerns, with potential hidden fees and lengthy processing times. EnticeCapital uses the MetaTrader platform, known for its user-friendly interface and trade conditions. Customer support is available through email and real-time chat, and while educational resources are limited, clients can access assistance as needed. Traders should carefully consider the platform's regulatory status and terms before engaging in trading activities with EnticeCapital.
FAQs
Q: Is EnticeCapital a regulated broker？
A: No, EnticeCapital does not have valid regulatory authorization as a broker.
Q: What is the maximum leverage offered by EnticeCapital？
A: EnticeCapital offers a maximum trading leverage of up to 1:500.
Q: Are there educational resources available on the platform？
A: EnticeCapital does not offer comprehensive educational resources for traders.
Q: What are the available market instruments on EnticeCapital？
A: EnticeCapital offers Forex, indices, commodities, stock CFDs, ETF CFDs, and cryptocurrencies for trading.
Q: How can I contact customer support at EnticeCapital？
A: You can reach the EnticeCapital support team via email at support@enticecapital.com, with a commitment to reply within 48 hours. Real-time chat support is also available from 10 AM to 12 AM GMT +8 on weekdays.
2024-02-01 22:22
2024-01-18 18:56
