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Encore4x -

Score

1.41 /10
Danger

Encore4x

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://encore4x.com

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Score

Regulatory Index0.00

Business Index6.23

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
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40G

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Broker Information

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Company Name

Encore4x

Company Abbreviation

Encore4x

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Encore4x · Company summary
Encore4x Review Summary
Founded2-5 years
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsCrude Oil/Gold/Currencies
Demo Account✅
LeverageUp to 1:400(Mini account)
SpreadFrom 0.8 pips
Trading PlatformMT5
Min Deposit$10
Customer SupportPhone: +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.

Encore4x Information

Pros and Cons

Pros Cons
Leverage up to 1:400(Mini)Unregulated
MT5 availableInaccessible official website
Spread from 0.8 pipsUnspecific 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.

Is Encore4x Legit?
Is Encore4x Legit?

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 MiniPremiumVIP
SpreadFrom 1.9 pipsFrom 1.2 pipsFrom 0.8 pips
Minimum Deposit10 USD3000 USD10000 USD & Above
Trade Size0.01 Lot0.01 Lot0.01 Lot
Leverage1:4001:2001:200
Hedging Allowed✔✔✔
Commission000

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 PlatformSupported Suitable for
MT5✔Experienced traders
Trading Platform

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.

Deposit and Withdrawal

User Reviews

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FX1377877402
more than one year
Encore4x is a company that makes me regret. They promised me a high rate of return, but when I deposited my money, I quickly realized that their promises were empty. The platform was slow and unresponsive, and I encountered numerous technical issues. It was a complete waste of my time and money. Goodbye!
Encore4x is a company that makes me regret. They promised me a high rate of return, but when I deposited my money, I quickly realized that their promises were empty. The platform was slow and unresponsive, and I encountered numerous technical issues. It was a complete waste of my time and money. Goodbye!
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2023-03-20 10:09
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田凤莲
more than one year
Encore4x offers a mini account that only costs $10 to open, which is really cool. But I noticed that this company does not have any regulatory licenses. I think safety is the most important thing.
Encore4x offers a mini account that only costs $10 to open, which is really cool. But I noticed that this company does not have any regulatory licenses. I think safety is the most important thing.
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2023-03-07 14:59
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