Eginets Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-04-21 14:27

Abstract：Eginets is a Belize registered STP forex broker that offers investors three trading accounts with a low minimum deposit requirement ($50), which seems to be superior to most dealers. Eginets focuses on Muslim markets, such as Malaysia and Indonesia, and is currently an unregulated brokerage firm.

　　Note: Eginets' official website: https://www.eginets.com is currently inaccessible normal.

EginetsReview Summary
Founded	2015
Registered Country/Region	Vanuatu
Regulation	Not regulated
Market Instruments	Forex currency pairs, indices, CFDs, precious metals, cryptocurrencies, and commodities
Demo Account	/
Leverage	Up to 1:400
Spread	From 1.6 pips (Fun account)
	From 1.1 pips (Pro account)
	From 0.6 pips (Zero account)
Trading Platform	MT4
Min Deposit	$50
Customer Support	Email: info@eginets.com
Customer Support	Social media: X, Facebook

　　Eginets is a Belize registered STP forex broker that offers investors three trading accounts with a low minimum deposit requirement ($50), which seems to be superior to most dealers. Eginets focuses on Muslim markets, such as Malaysia and Indonesia, and is currently an unregulated brokerage firm.

Pros and Cons

Pros	Cons
Various trading assets	Inaccessible website
Multiple account types	Not regulated
Popular trading platform MT4	Limited payment options
Low minimum deposit	Limited contact channel

Is Eginets Legit?

　　Eginets claims it is registered in Belize and regulated by the local IFSC. However, there is no information about it on the website. It means it is not supervised by any financial authorities. Traders should be cautious.

What Can I Trade on Eginets?

Tradable Instruments	Supported
Forex currency pairs	✔
CFDs	✔
Precious metals	✔
Commodities	✔
Indices	✔
Cryptocurrencies	✔
Stocks	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　Eginets offers three account types: FUN, PRO and ZERO. Demo accounts are not mentioned.

Account Type	MinDeposit
Fun	$50
Pro	$100
Zero	$1 000

Leverage

　　Trading leverage varies depending on the trading account type.

Account Type	Leverage
Fun	1:400
Pro	1:200
Zero	1:100

　　Note that the higher the leverage, the returns and losses are more.

Spread and Commission

　　The spreads and commissions of Eginets also depends on the account type.

Account Type	Spread	Commission
Fun	From 1.6 pips	❌
Pro	From 1.1 pips	❌
Zero	From 0.6 pips	$7 per lot

Trading Platform

　　Eginets offers investors the market-leading MT4 trading platform, which has proven itself over the years and is sought after by countless traders. MT4 is perfect for Forex traders because of its powerful charting features, many custom indicators (and other tools), and various automated trading systems or trading programs called EAs.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	IOS, Android	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　Finally, Eginets supports traders to deposit and withdraw funds from their investment accounts via wire transfer, credit card, PayPal, etc. The payment options offered by Eginets are limited but at least include the popular e-wallet payments.