GENERAL INFORMATION
EmpowerFX Promises Its Clients Some Of The Best Trading Conditions On The Planet. First Of All, They Claim To Not Charge Any Commission Except For Ultra-low Spreads. Furthermore, They Promise Their Clients A High Level Of Transparency.
However, We Found This To Be Far From The Truth. The Transparency Of This Platform Is Very Bad. Also, We Can Assure You That The People Behind This Company Are Not Professionals. They Do Not Have Your Best Interests At Heart. The Team Is Only Interested In Getting Your Funds.
Also EmpowerFX Is An Unregulated Forex Broker, Which Means That The Clients Are Not Protected, They Are Likely To Take Your Hard Earned Money, And There Is No Regulator To Hold Them Accountable.
Market Tools
Here You Can Trade Forex, Cryptocurrencies, Stocks, Indices And Commodities. This Means That Traders Can Spread The Risk Of Investing In Various Markets.
Accounts And Leverage
There Are Four Main Account Types On The Empower4x.com. These Include Standard, Pro, VAR And Mini Accounts. The Commissions Are Different For These Accounts. Can't Tell How This Company Calculates Commissions.
Also, We Are Curious About The Zero Commissions This Company Advertises On Instagram. It Seems That These People Will Say Something To Make You Invest. However, The Commission Is As High As $8 Per Lot. These People Are Not Trustworthy.
Standard
• Leverage Up To 1:500
• Typical Spreads From 0.8 Pips
• Execute STP At Level 2 Pricing
• Trade Forex, Cryptocurrencies, Metals, Indices, Stocks And Commodities
• Commission Per Lot 7 Dollars
• 200 + Pairs
Pro
• Leverage Up To 1:500
• Typical Spreads From 0.4 Pips
• Take 2 Tier Pricing Execution STP
• Trade Forex, Cryptocurrencies, Metals, Indices, Stocks And Commodities
• Commission Per Lot 8 Dollars
• 200 + Pairs
VAR
• Leverage Up To 1:500
• Typical Spreads From 1.2 Pips
• Execution Of STP
At Tier 2 Pricing • Trade Forex, Cryptocurrencies, Metals, Indices, Stocks And Commodities
• No Commission Per Lot
• 200 Multiple Pairs
Mini
• Leverage Up To 1:500
• Typical Spreads From 1.0 Pips
• Execute STP At Level 2 Pricing
• Trade Forex, Cryptocurrencies, Metals, Indices, Stocks And Commodities
• Commission Of 1 Dollar Per Lot
• 29 Pairs
Worse, Leverage Up To 1:500. This Means A Significant Increase In The Amount A Trader Can Lose. All These Fees Are Not Worth It. This Is A Shady Company That You Should Avoid At All Costs. The Founders Attract Investors By Promising What They Cannot Deliver. Their Only Goal Is To Reap The People.
Available Trading Platforms
When Trading With This Broker, Clients Have Access To The MetaTrader 4 Platform. The Platform Allows Clients To Execute Trades Instantly With One Click.
Deposits And Withdrawals
The Only Payment Option Supported By EmpowerFX Is Cryptocurrency Payments. Cryptocurrency Transactions Are A Great Revolution In The Financial World. However, They Pose A Risk To Investors Of Financial Marekt. It Is Easy To Lose Money Through This Method.
For Beginners, Cryptocurrency Payments Are Permanent. This Means That There Is No Way To Recover Your Funds Through A Refund. Also, Cryptocurrency Transactions Are Made Between Abstract Addresses. Once You Have Sent Your Funds Out, It Is Difficult To Track Your Funds.
This Is The Reason Why Scam Companies Only Support Cryptocurrency Payments. They Know How Easy It Is To Disappear With Your Funds. Too Many People Lose Money This Way. Don't Be One Of Them.
Client Server
Regarding Customer Support Services, This Broker Does Not Provide Any Email Or Phone Number Where Customers Can Contact Their Customer Support. Instead, The Only Contact Options They Provide On Their Website Are Through Live Chat Or Using Ticket Requests. For A Good Broker, This Is Actually Not Enough.
