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EIGEN FX

China|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://eigeninternational.com/

Website

Rating Index

Contact

658379410
enquiry@eigeninternational.com
https://eigeninternational.com/

Licenses

No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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EIGEN FX · Company Summary

Aspect Information
Registered Country Unavailable
Founded Year Unavailable
Company Name EIGEN FX
Regulation Lacking proper oversight
Minimum Deposit $100 (Standard), $500 (Premium), $10,000 (VIP)
Maximum Leverage 1:500 (Standard), 1:1000 (Premium), 1:2000 (VIP)
Spreads Varies (e.g., EUR/USD around 0.2 pips)
Trading Platforms MetaTrader 4, MetaTrader 5
Tradable Assets Forex, CFDs (stocks, indices, commodities, currencies), Options (stocks, indices, commodities, currencies)
Account Types Standard, Premium, VIP
Demo Account Unavailable
Islamic Account Unavailable
Customer Support Email: enquiry@eigeninternational.com, Phone: 658379410
Payment Methods Credit/debit cards, bank wire transfers, e-wallets
Educational Tools Unavailable

Overview of EIGEN FX

EIGEN FX is a financial brokerage that offers access to a variety of trading instruments, including Forex, CFDs, and options. Despite a lack of detailed information on its main website, caution is advised due to the absence of proper regulatory oversight. The broker features major, minor, and exotic currency pairs in the Forex market, along with CFDs on stocks, indices, commodities, and currencies such as Apple, Amazon, and S&P 500. Options trading covers assets like stocks, indices, commodities, and currencies, including options like SPX500 and DAX.

EIGEN FX provides different account types, including Standard, Premium, and VIP Accounts, with varying deposit requirements and leverage ratios up to 1:2000. Spreads on trading instruments are offered, such as approximately 0.2 pips on EUR/USD, and a small commission applies to trading indices. Deposit and withdrawal methods encompass credit/debit cards, bank wire transfers, and e-wallets, with a minimum deposit and withdrawal amount of $100.

The brokerage utilizes popular trading platforms like MetaTrader 4 and MetaTrader 5, offering over 100 trading instruments, real-time market data, low-latency trade execution, and analytical tools. Customer support is accessible via email and phone. In conclusion, while EIGEN FX presents diverse trading opportunities, potential traders should be cautious about regulatory concerns and consider them when evaluating engagement with the broker.

basic-info

Pros and Cons

EIGEN FX offers a diverse range of trading opportunities, including an array of FOREX pairs, CFDs spanning stocks, indices, and commodities, as well as options trading with various underlying assets. The brokerage provides multiple account types with distinct benefits and leverage options up to 1:2000. Traders can take advantage of the MetaTrader 4 and MetaTrader 5 platforms, accessing real-time market data and analytical tools to refine their trading strategies. However, the platform lacks proper regulatory oversight and detailed market analysis, with limited customer support channels and higher minimum deposits for advanced accounts.

Pros Cons
Offers a variety of FOREX pairs for trading Lack of proper regulatory oversight
Provides CFDs across stocks, indices, commodities Limited types of market instruments
Extends options trading with various underlying Limited information available on the website
Multiple account types with varying advantages Potential risks due to lack of regulation
Access to leverage options (up to 1:2000) Absence of detailed market analysis
Utilizes MetaTrader 4 and MetaTrader 5 platforms Commission on trading indices
Access to real-time market data and analytical tools for enhanced trading strategies Higher minimum deposits for advanced accounts
Limited customer support channels

Is EIGEN FX Legit?

The regulatory status of EIGEN FX has been confirmed as lacking proper oversight. It is important to exercise caution due to the absence of valid regulation. Potential risks should be taken into consideration when dealing with this broker.

regulation

Market Instruments

FOREX: EIGEN FX presents an array of FOREX pairs encompassing major, minor, and exotic currencies. Notable pairs like EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD are commonly traded.

CFDs: EIGEN FX provides CFDs spanning stocks, indices, commodities, and currencies. Prominent CFDs involve entities like Apple, Amazon, Google, S&P 500, and EUR/USD. Traders can access diverse tools including leverage, stop-losses, and take-profits when engaging in CFD trading.

OPTIONS: EIGEN FX extends options covering various underlying assets like stocks, indices, commodities, and currencies. Well-known options include SPX500, DAX, and Nikkei225. The platform equips options trading with versatile features such as spreads, margins, and expiration dates.

Pros and Cons

Pros Cons
Wide range of trading options Lack of specific information on trading conditions and execution quality
Access to popular trading platforms Limited types of market instruments
Variety of underlying assets for options trading Lack of transparency regarding pricing and liquidity

Account Types

STANDARD ACCOUNT:

EIGEN FX introduces the Standard Account as its foundational option. A minimum deposit of $100 is required, offering a maximum leverage of 1:500.

PREMIUM ACCOUNT:

The Premium Account by EIGEN FX offers an expanded array of advantages. To begin trading, a minimum deposit of $500 is necessary, with a maximum leverage of 1:1000.

VIP ACCOUNT:

Traders gain exclusive access to advanced trading tools and resources. A minimum deposit of $10,000 is requisite for this account, which provides a maximum leverage of 1:2000.

Pros Cons
Offers multiple account types with varying benefits Higher minimum deposits for advanced accounts
Leverage options available for different account types Limited information on specific account details
Tailored features based on trader's preferences Lack of transparency in account-related fees

Leverage

EIGEN FX provides leverage options of 1:500 for Standard, 1:1000 for Premium, and 1:2000 for VIP accounts.

leverage

Spreads & Commissions

EIGEN FX offers spreads on a wide range of trading instruments. For example, the spread on EUR/USD is typically around 0.2 pips. There is no commission on most trading instruments, but there is a small commission of $10 per lot for trading indices.

Minimum Deposit

EIGEN FX has different minimum deposit levels for its account types: $100 for Standard, $500 for Premium, and $10,000 for VIP.

Deposit & Withdrawal

EIGEN FX offers a variety of deposit and withdrawal methods, including credit/debit cards, bank wire transfers, and e-wallets. The minimum deposit amount is $100 and the minimum withdrawal amount is $100. There are no fees for depositing funds using credit/debit cards or bank wire transfers.

Pros Cons
Multiple deposit and withdrawal methods available Minimum deposit and withdrawal amounts ($100)
No fees for depositing with credit/debit cards Limited minimum deposit and withdrawal options

Trading Platforms

EIGEN FX offers a selection of advanced trading platforms, including MetaTrader 4 and MetaTrader 5, renowned for their robust features and user-friendly interface. Traders can access over 100 trading instruments, benefit from real-time market data, execute trades with low latency, and utilize a variety of analytical tools to enhance their trading strategies.

Pros Cons
Advanced MetaTrader 4 and MetaTrader 5 platforms Limited customer support channels
Access to over 100 trading instruments Potential technical issues
Real-time market data and low latency trading Limited customization options

Customer Support

EIGEN FX offers customer support through an email address, enquiry@eigeninternational.com, and can be reached via phone at 658379410.

Conclusion

In conclusion, EIGEN FX presents a range of market instruments including FOREX pairs, CFDs, and options, enabling traders to engage in diversified trading strategies. The broker offers multiple account types, each with varying leverage options, catering to different trading preferences. Spreads are relatively low for several trading instruments, and the absence of commissions on most trades is notable. EIGEN FX provides deposit and withdrawal methods, though the lack of detailed information on its website raises concerns about transparency. While the broker offers popular trading platforms, customer support options are limited to email and phone contact. It is important to exercise caution and consider the lack of proper regulatory oversight before engaging with EIGEN FX.

FAQs

Q: Is the main website of EIGEN FX accessible?

A: Unfortunately, the main website of EIGEN FX is currently unavailable.

Q: Can I find comprehensive details about EIGEN FX?

A: EIGEN FX lacks sufficient general information and details.

Q: Is EIGEN FX a legitimate broker?

A: EIGEN FX operates without proper regulatory oversight, urging caution due to potential risks.

Q: What trading instruments does EIGEN FX offer?

A: EIGEN FX provides an array of trading instruments including FOREX pairs, CFDs, and options.

Q: What are the account types at EIGEN FX?

A: EIGEN FX offers Standard, Premium, and VIP account options with varying benefits.

Q: What leverage options are available?

A: Leverage options range from 1:500 for Standard, 1:1000 for Premium, to 1:2000 for VIP accounts.

Q: What are the spreads and commissions at EIGEN FX?

A: EIGEN FX offers spreads and minimal commissions on trading instruments.

Q: What is the minimum deposit requirement?

A: The minimum deposit varies: $100 for Standard, $500 for Premium, and $10,000 for VIP accounts.

Q: How can I deposit and withdraw funds?

A: EIGEN FX supports various deposit and withdrawal methods, with a minimum deposit of $100 and no fees for certain methods.

Q: What trading platforms are available?

A: EIGEN FX provides advanced platforms like MetaTrader 4 and MetaTrader 5, offering diverse tools and features.

Q: How can I contact EIGEN FX's customer support?

A: You can reach EIGEN FX's customer support via email or phone.

Q: What should I consider in conclusion?

A: It's important to weigh the pros and cons of EIGEN FX before making any trading decisions.

Broker Information

Company Name

EIGEN FX

Company Abbreviation

EIGEN FX

Regulatory Status

No Regulation

Platform registered country and region

China

Phone of the company
  • 658379410

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Customer Service Email Address
  • enquiry@eigeninternational.com

Company Summary

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