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/10

Encore Capitals

United Kingdom|2-5 years|
Suspicious Scope of Business|High potential risk|

https://encorecapitals.com/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

India 4.11

Surpassed 60.37% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 1273 80 7865
support@encorecapitals.com
https://encorecapitals.com/
130 Old Street, London, England, EC1V 9BD

Licenses

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

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+44 1273 80 7865

Broker Information

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Company Name

ECR Capitals Limited

Company Abbreviation

Encore Capitals

Platform registered country and region

United Kingdom

Company website
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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-19
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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Encore Capitals · Company Summary

basic-info

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.

account-types

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.

leverage

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.

payment-methods

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.

User Reviews

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3

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FX9079631012
more than one year
I am able to connect the team directly , I was new in the forex field but their education academy helps me to learn each aspects of forex market and now I can trade by myself. Appreciate their help.
2023-03-29 20:14
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ANGEL安吉尔
more than one year
I've been trading with Encore Capitals for a few months now and I am very happy with their services. They offer a wide range of trading instruments and their platform is very user-friendly. Their customer service is also excellent and they are always available to assist me. Nice job, Encore Capitals!
2023-03-23 10:09
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0
0
王鹏11730
more than one year
Encore Capitals' rookie account only needs 10 US dollars to start trading, which is too attractive. I decided to give it a try. Can anyone give me some advice please?
2022-12-09 11:15
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