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EnormousFX

United States|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

https://enormousfx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
ENORMOUSFX-DEMO MT4
Server Location France

Contact

+1 9195568527
info@enormousfx.com
https://enormousfx.com/
https://www.facebook.com/EnormousFX

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

Open Now

Contact number

English

+1 9195568527

Thai

+19 1 9556 8527

Broker Information

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Company Name

EnormousFX

Company Abbreviation

EnormousFX

Platform registered country and region

United States

Company website
Facebook
YouTube

Pyramid scheme complaint

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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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EnormousFX · Company Summary

NOTE: EnormousFXs official site - https://enormousfx.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

EnormousFX Review Summary
Registered Country/Region United States
Regulation No Regulation
Market Instruments Forex, Precious Metals, and Indices
Leverage Up to 1:100
Spread From 0.5 pips (Start Account)
Trading Platforms Meta Trader 4
Minimum Deposit $50
Customer Support Phone: +1 9195568527
Email: info@enormousfx.com
Facebook, Youtube

What is EnormousFX?

EnormousFX is a broker registered in the United States, offering a range of trading instruments including Forex, Precious Metals, and Indices. It provides leverage up to 1:100 and offers competitive spreads starting from 0.5 pips for the Start Account. Traders can access the markets through the widely used Meta Trader 4 platform. Despite a relatively low minimum deposit requirement of $50, EnormousFX is not regulated. Furthermore, its website is currently down, so we cannot verify its operation.

EnormousFX

Pros & Cons

Pros Cons
  • Variety of Trading Instruments
  • Lack of Regulation
  • Low Minimum Deposit
  • Unavailable Official Website
  • MetaTrader 4 Platform
  • Limited Information

Pros:

Variety of Trading Instruments: EnormousFX offers a diverse range of trading instruments including Forex, Precious Metals, and Indices, providing traders with multiple options to diversify their portfolios.

Low Minimum Deposit: With a minimum deposit requirement of $50, EnormousFX makes trading accessible to a wider range of traders, including those with limited capital.

MetaTrader 4 Platform: EnormousFX utilizes the widely used MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and advanced trading features.

Cons:

Lack of Regulation: EnormousFX is not regulated, which impacts the safety of funds and the overall reliability of the platform.

Unavailable Official Website: As of now, EnormousFX's official website is not functional, which raises serious doubts about legitimacy and professionalism.

Limited Information: There is no information about the fees and operation, making it difficult to make informed decisions.

Is EnormousFX Safe or Scam?

As EnormousFX is not regulated, there is a higher level of risk associated with trading with it. The lack of regulation means there is no oversight from a regulatory body to ensure that the broker is operating fairly and transparently. Additionally, the unavailable official website raises questions about its legitimacy.

No license

Market Instruments

EnormousFX offers a variety of market instruments for trading, providing traders with the opportunity to diversify their portfolios and take advantage of different market trends.

Forex: The Forex market is the largest and most liquid financial market in the world, where currencies are traded against each other. Traders can speculate on the price movements of currency pairs, such as EUR/USD or USD/JPY, and profit from changes in exchange rates.

Precious Metals: EnormousFX offers trading in precious metals, including gold, silver, platinum, and palladium. These metals are considered safe-haven assets and are often used as a hedge against inflation and economic uncertainty.

Indices: Stock market indices represent a specific segment of the stock market. EnormousFX allows traders to trade CFDs (Contracts for Difference) based on indices, enabling them to speculate on the overall performance of the stock market or specific sectors.

Account Types

EnormousFX offers three distinct types of trading accounts, each tailored to meet the needs of different traders.

The Start Account, requiring a minimum deposit of $50, is ideal for beginners or those with limited capital.

The Classic Account, requiring a minimum deposit of $250, is targeted towards intermediate traders who have some experience in the financial markets.

For professional traders or institutional clients, EnormousFX offers the ECN Pro Account, requiring a minimum deposit of $5000.

Accounts Minimum Deposit Spread Commission Maximum Leverage Minimum Position
Start $50 From 0.5 pips From $18/lot 1:100 0.01 Lot
Classic $250 From 0.2 pips From $15/lot
ECN Pro $5000 From 0.0 pips From $5/lot

Leverage

EnormousFX reportedly offers a maximum leverage of 1:100 on all their accounts. Leverage allows you to control a larger position size than your deposit allows. For example, with 1:100 leverage, a $100 deposit would enable you to control a $10,000 position (100 x $100). While leverage can amplify profits, it also increases the risk of losses.

Spreads & Commissions

EnormousFX offers competitive spreads and commission structures across its different account types.

The Start Account features spreads starting from 0.5 pips and commissions starting from $18 per lot.

The Classic Account offers tighter spreads starting from 0.2 pips and lower commissions starting from $15 per lot.

The ECN Pro Account features raw spreads starting from 0.0 pips and a commission-based structure starting from $5 per lot.

Trading Platforms

EnormousFX provides traders with access to the MetaTrader 4 (MT4) trading platform, one of the most widely used platforms in the industry. MT4 is known for its user-friendly interface, advanced charting tools, and customizable features, making it suitable for traders of all levels.

Customer Service

EnormousFX offers multiple channels for customer support.

Phone: You can contact EnormousFX's customer support team directly via phone at +1 9195568527.

Email: You can also reach out to EnormousFX's customer support team via email at info@enormousfx.com.

Social Media: EnormousFX is active on social media platforms such as Facebook and YouTube.

Conclusion

While EnormousFX offers features like a variety of instruments, a low minimum deposit, and the popular MT4 platform, these can't outweigh the significant risks. The biggest concern is the lack of regulation. Without regulatory oversight, your funds are not protected. Furthermore, its website is currently not working, which is highly unprofessional and casts doubt on its legitimacy. We advise you to avoid EnormousFX and prioritize your safety.

Frequently Asked Questions (FAQs)

Q: Is EnormousFX regulated?

A: No, EnormousFX operates without regulation.

Q: What trading instruments are available on EnormousFX?

A: EnormousFX offers trading in Forex, Precious Metals, and Indices.

Q: What is the minimum deposit required to open an account with EnormousFX?

A: The minimum deposit required is $50 for the Start Account.

Q: What trading platform does EnormousFX use?

A: EnormousFX uses the MetaTrader 4 (MT4) trading platform.

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 provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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叶宇-安吉尔净水器
more than one year
The deposit threshold is very low, as long as 50 US dollars can open a micro account, and the spread is also very low as low as 0.5 pips, 1:100 leverage is also very reasonable, not too high, not too low, all this is too attractive for newbies, the only fly in the ointment is that the commission is too high! I've never seen a broker charge such high commissions.
2023-03-23 17:39
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