Envi FX

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

What is Envi FX？

Envi FX is an online trading broker that operates the STP/ECN execution model, founded in 2020 and registered in China. The broker offers a range of financial instruments including Forex, Cryptos, Metals, Indices, Stocks and Commodities on the industry-standard MT4 and MT5 trading platforms. However, Envi FX does not have any regulatory licenses, which raises concerns about its legitimacy and safety.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

What Type of Broker is Envi FX？

Envi FX operates as an STP broker, which means that trade orders are directly processed and fulfilled by liquidity providers, such as major banks, without any intervention from a dealing desk. As a result, traders can expect to receive some of the best available prices in the market, with minimal slippage and no interference from the broker's end.

Pros & Cons

Envi FX has several potential advantages, including a wide range of trading instruments and competitive spreads and commissions for some account types. However, the major downside is the lack of regulation, which raises concerns about the safety and security of client funds. Additionally, the lack of information about the company, such as its location and founder, adds to the overall risk and potential for scams. The customer service appears to be limited, with only live chat support available. Overall, investors should exercise caution and consider these factors before deciding to trade with Envi FX.

Envi FX Alternative Brokers

There are many alternative brokers to Envi FX depending on the specific needs and preferences of the trader. Some popular options include:

• IC Markets - a popular choice for experienced traders looking for competitive spreads and high-speed trade execution;

• AvaTrade - a well-regulated broker with a wide range of trading platforms and tools;

• FBS - offers low minimum deposits and a user-friendly interface suitable for beginner traders;

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Envi FX Safe or Scam？

Envi FX has no regulatory compliance, location, or founder, it is difficult to say with certainty whether Envi FX is safe or a scam. However, the lack of transparency and regulation should be a red flag for potential investors, and it is advisable to exercise caution and consider other reputable brokers with proper regulatory oversight.

Market Instruments

Envi FX offers its clients a wide range of market instruments to trade, including forex currency pairs, cryptocurrencies, metals such as gold and silver, indices, stocks and commodities. The forex offerings include major, minor and exotic currency pairs, while the cryptocurrency selection includes Bitcoin, Ethereum, Litecoin, and more. The stock market section features some of the biggest names in the industry, such as Apple, Amazon, and Facebook. Envi FX also provides a variety of commodities, including oil, gas, and agricultural products. Traders have the opportunity to diversify their portfolios and take advantage of different market conditions through the various instruments available on the Envi FX platform.

Accounts

Envi FX offers four live trading accounts, namely Standard, PRO, VAR, and Mini, in addition to their demo accounts. These accounts differ in terms of spreads, commissions, and other trading conditions. Traders can choose the account type that best suits their trading style and preferences.

Leverage

The maximum leverage provided by Envi FX is up to 1:500 for all account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

Envi FX offers competitive spreads and commissions for its clients, with typical spreads starting from as low as 0.8 pips for Standard accounts, 0.4 pips for PRO accounts, 1.2 pips for VAR accounts, and 1.0 pips for Mini accounts. Clients trading on Standard, PRO, and Mini accounts are subject to a commission per lot of $8.00, $9.00, and $4.00, respectively. However, there is no commission for VAR accounts, making it an attractive option for traders who prefer zero commission trading.

Below is a comparison table about spreads and commissions charged by different brokers:

Note: Spreads can vary depending on market conditions and volatility.

Trading Platforms

Envi FX provides clients with access to the worlds financial markets via the MetaTrader4 and MetaTrader5 platforms, available for Windows, Android, iPhone and Web, which are highly praised by traders and brokers alike due to their ease of use and great functionality. The MT4 and MT5 offer top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Overall, Envi FX's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Deposits & Withdrawals

The funding methods at Envi FX include credit/debit cards as well as crypto wallets like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Tether (USDT).

The minimum deposit requirement is $10, and the minimum withdrawal amount is $50.

Envi FX minimum deposit vs other brokers

There is no deposit or withdrawal fee for BTC. You need to have between 3-6 confirmations for your payment to be processed. This would usually take between 1-3 hours, depending on the Blockchain / Blockchair.

Envi FX Money Withdrawal

To withdraw funds from your Envi FX account, you need to follow these steps:

Step 1: Tap on Withdrawals. Once you are on the tab, tap on New Withdrawal.

Step 2: Choose Bitcoin as the withdrawal type.

Step 3: Select the Wallet to withdraw from.

Step 4: Enter the amount.

Step 5: Tap on Request Withdrawal.

Step 6: Enter your Bitcoin Address and Tap on Withdraw.

Customer Service

The support team of Envi FX are available 24/7 via Live Chat or request a callback. You can also follow this broker on social networks such as Twitter, Facebook, and Instagram.

Note: These pros and cons are subjective and may vary depending on the individual's experience with Envi FX's customer service.

Conclusion

Overall, Envi FX is an online trading platform offering a range of financial instruments, including Forex, Cryptos, Metals, Indices, Stocks and Commodities. While they offer competitive spreads and commissions, their lack of regulation, transparency, and information about the company is a significant concern. Overall, investors should exercise caution when considering Envi FX as a potential broker.

Frequently Asked Questions (FAQs)