Eginets

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

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

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?

Account Type

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

Leverage

Trading leverage varies depending on the trading account type.

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.

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.

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.