Company Profile
Company Profile
Review summary
General Information
Registered in the United Kingdom, Encore Capitals is offshore forex broker offering a series of trading instruments to both retail and professional traders, including Forex, CFD and Precious Metals through the advanced MT5 trading platform. With the Encore Capitals platform, investors have the flexibility to choose from five trading accounts, Rookie, Scalper, ECN, Elite, and Islamic, and the minimum deposit to trade with this broker is $10.
Encore Capitals is owned and operated by ECR Capitals Limited, a company registered in the United Kingdom, and this company does not hold any regulatory license to show it operates legally. Please be aware of the risk involved.
Market Instruments
With the Encore Capital platform, traders get access to diversified range of trading instruments, which including the following:
Forex-forex pairs include major, minor, and exotics
CFD-Trade oil, futures, and international stock indices CFDs through the MT5 trading account
Precious Metals-Trade contract for spot and silver per ounce
Account Types
Five trading accounts are available to accommodate different traders varying trading needs: Rookie, Scalper, ECN, Elite, and Islamic.
To open a Rookie account, only a low initial deposit of $10 is enough. The Scalper account ask for a minimum deposit of $250, and the Islamic account requires a minimum deposit of $100. The ECN account and the Elite account are suitable for professional traders, and they ask for a higher initial deposit, from $1,000 and $10,000, respectively.
Aside from live accounts, demo accounts are also available for beginners to get a feel of the platform and practice their trading skills.
How to open an account with Encore Capitals？
Opening an account with Encore Capitals is an easy and simple process:
1. Click the “OPEN LIVE ACCOUNT” link, and fill up some required details on the popping-up page.
2. Upload your personal data for this company to verify your details.
3. Choose your preferable payment methods, fund you trading accounts, and start to trade with this broker.
Leverage
Trading leverage differs depending on what trading accounts you are holding, ranging from 1:200 to 1:1000, which is significantly higher than most regulated authorities requirements. Since leverage can magnify gains well as losses, it is wise for beginners to choose a smaller size no more than 1:10, and the safest option is 1:1.
Spreads & Commissions
Encore Capitals hypes that it provides commission-free trading environment, with the spreads offered by Rookie account, the Scalper account, and the Islamic account from 1 pip. The ECN account offers raw spreads with no commission charged, and the Elite account holder can enjoy low spreads from 0 pips with no commissions charged.
Trading Platform
When it comes to trading platform available, Encore Capitals provides access to the advanced MT5 trading platform, which can be accessed on any device, PC, Android, and MAC versions.
The MT5 trading platform is an advanced trading platform designed to help forex and stock traders automate trading using trading robots, signals and fundamental analysis.
Payment Methods
The minimum deposit to invest with Encore Capitals is $10, and this broker provides multiple payment channels for traders to make a deposit and withdrawal, including VISA, MasterCard, Skrill, Neteller, Perfect Money, Bitcoin and Wire Transfer.
Customer Support
Encore Capitals relies on its FAQ section to provide customer support for clients with any inquiries and trading–related problems.
Traders can also reach out to this broker through the following contact channels:
Telephone: +44 1273 80 7865
Online Communication
Registered office: 30 Old Street, London, England, EC1V 9BD, United Kingdom
Or you can also follow this forex broker on some social media platforms, such as Facebook, Twitter, Instagram, and Youtube.
Regional Restrictions
ECR Capitals Limited does not provide services to residents of the EU Region, forex traders in USA, Canada, Belgium and FATF Black Listed Countries.
Risk Warning
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
