General Information
EnticeCapital Is A UK-based Trading Firm That Does Not Have A Regulatory Mandate And May Pose A Risk To Its Clients. They Offer Different Types Of Accounts With Different Minimum Deposit Amounts, Leverage Of Up To 1:500 And Spreads Ranging From 0.8 Pips To 1.8 Pips For Different Accounts. The Trading Platform They Use Is MetaTrader And Offers Trading In Forex, Indices, Commodities, Stock CFDs, ETF CFDs And Cryptocurrencies.
However, The Lack Of Regulation Has Raised Concerns About The Safety And Reliability Of Funds. Their Educational Resources Are Limited And Customer Support Is Only Available Via Email And Chat At Certain Times. EnticeCapital Accepts Cryptocurrency Payments. When Considering This Company, Due To The Lack Of Supervision, It Is Essential To Exercise Caution And Conduct Thorough Research.
Advantages And Disadvantages
Advantages
- Multiple Market Instruments Available
- Multiple Account Types To Suit Different Needs
- Competitive Spreads And Commissions
- High Maximum Leverage For Experienced Traders
- Access To MetaTrader 5 Platform
- User-friendly Trading Environment
Disadvantages
- Lack Of Effective Regulatory Authority As A Broker
- Limited Educational Resources
- Lack Of Transparency In The Deposit And Withdrawal Process
- Long Withdrawal Processing Times
- Limited Customer Support Time
- There May Be Hidden Fees In Deposits And Withdrawals
Market Tools
EnticeCapital Offers Its Clients A Variety Of Market Tools, Including:
Forex: EnticeCapital Provides Access To The Foreign Exchange Market, Allowing Traders To Buy And Sell Major And Minor Currency Pairs. This Allows Investors To Speculate On Price Fluctuations Between Different Currencies, Looking For Profit Opportunities In Exchange Rate Fluctuations.
Indices: EnticeCapital's Clients Can Trade Indices, Which Represent The Performance Of A Particular Stock Or Portfolio Of Assets. This Allows Traders To Speculate On The Overall Movement Of The Market, Such As Stock Market Indices Such As The S & P 500, Dow Jones Industries Average Index, Or FTSE 100.
Commodities: EnticeCapital Offers The Opportunity To Trade A Wide Range Of Commodities, Including Precious Metals Such Trading In Commodities Allows Investors To Diversify Their Portfolios And Potentially Benefit From Price Fluctuations In These Markets.
Contracts For Difference (CFDs) On Stocks And Exchange-traded Funds (ETFs) (CFDs): EnticeCapital Offers Contracts For Difference (CFDs) On Stocks And Exchange-traded Funds (ETFs). This Allows Traders To Speculate On The Price Fluctuations Of Individual Stocks Or ETFs Without Holding The Underlying Asset, Gaining Flexibility And Potential Profit Opportunities From Both Rising And Falling Markets.
CFDs And Other Cryptocurrencies: The Platform Offers Trading Of CFDs And Other Digital Assets. This Allows Traders To Participate In The Cryptocurrency Market And Trade Based On Price Movements Of These Volatile Assets Without Actually Owning Them.
Account Type
EnticeCapital Offers Traders A Choice Of Four Different Account Types, Each Adjusted For Different Trading Needs And Preferences. The Classic Account Serves As An Entry Point With A Minimum Deposit Requirement Of Only $100. Traders Using This Account Can Choose From A Variety Of Account Currencies, Including EUR, USD, And JPY. Spreads Start At 1.8 Pips And Traders Can Enjoy Leverage Up To 1:500. This Account Type Is Ideal For Beginners And Those Looking To Start Trading With A Modest Initial Investment. It Also Allows For Automated Trading Strategies Using Expert Advisors (EAs).
For More Experienced Traders Seeking Tighter Spreads, PRO Accounts Are Available With A Minimum Deposit Of $1,000 And Similar Account Currency Options. Spreads Start At 1.4 Pips And The Maximum Leverage Remains At 1:500. PRO Accounts Maintain The Ability To Use The EA And Offer An IB Commission Of $8 Per Lot. This Account Type Is Suitable For Traders With Some Experience Who Are Willing To Take On A Higher Initial Deposit.
The ECN Account Is Designed For Traders Seeking The Most Competitive Spreads, Starting At 0.8 Pips But Requiring A Minimum Deposit Of $2,500. This Account Type Offers A Maximum Leverage Of 1:200 With No IB Commission. However, There Is A Direct Commission Of $6 Per Lot Traded. Traders Who Opt For An ECN Account Can Enjoy Low-cost Trading And Direct Market Access. As With Previous Accounts, EA's Are Also Allowed Here.
Finally, EnticeCapital Offers A VIP Account For Professional And High-volume Traders. The Account Type Has A Minimum Deposit Requirement Of $5,000 And Offers Competitive Spreads Starting From 0.8 Pips, Just Like ECN Accounts. Maximum Leverage Remains At 1:200, But It Offers A Minimum IB Commission Of $4 Per Lot. VIP Accounts Offer Premium Trading Conditions For Traders Who Are Willing To Make Large Initial Deposits, Suitable For Experienced Traders Who Value The Tightest Spreads And Minimum Commissions.
Leverage
EnticeCapital Offers Trading Leverage Up To 1:500. Leverage Allows Traders To Control Larger Positions With Less Capital, But It Also Comes With Increased Risk. Traders Should Use High Leverage With Caution, And It Is Important To Establish A Risk Management Strategy. High Leverage May Be Suitable For Experienced Traders, But It Is Not Recommended For Beginners.
Spreads And Commissions
EnticeCapital Offers Different Spreads And Commissions Depending On The Trading Account Chosen. Spreads Represent The Difference Between The Buy (sell) Prices Of An Asset, And Spreads May Vary Between Account Types.
For Classic Accounts, Spreads Start At 1.8 Pips And Are Suitable For Traders Looking For Competitive Pricing, With A Minimum Deposit Amount Of $100. This Account Also Generates An IB Commission Of $13 Per Lot Traded. PRO Accounts Offer Tighter Spreads, Starting At 1.4 Pips, And A Lower IB Commission Of $8 Per Lot Traded. This Account Is Aimed At More Experienced Traders, With A Minimum Deposit Amount Of $1,000.
ECN Accounts Are Designed For Traders Looking For The Most Competitive Spreads, With Spreads Starting At 0.8 Pips. While There Is No IB Commission On This Account, There Is A Direct Commission Of $6 Per Lot Traded. This Account Requires A Higher Minimum Deposit Amount Of $2,500.
Finally, The VIP Account Also Offers Spreads Starting At 0.8 Pips And A Minimum IB Commission Of $4 Per Lot. This Account Type Is Suitable For Professional And High-volume Traders Who Can Meet The Minimum Deposit Requirement Of $5,000.
Deposits And Withdrawals
EnticeCapital's Deposit And Withdrawal Process Lacks Transparency And Has Some Drawbacks.
Deposits:
Although The Minimum Deposit Amount For Cryptocurrency Using USDT TRC-20 Is 20 USDT And The Processing Time Is Relatively Fast, With A Minimum Of 15 Minutes, It May Be Inconsistent. Also, While They Claim To Cover All Fees, Caution Is Still Required As There May Be Hidden Fees Or Unfavorable Exchange Rates, Which May Affect The Overall Cost Of Funds Deposited.
Withdrawal:
The Minimum Withdrawal Requirement For Cryptocurrency Withdrawals Using USD TRC-20 Is $100, €100 Or £100. Processing Time Of Up To 24 Working Hours May Be Considered Quite A Long Time In A Fast-paced Financial Marekt. Again, The Alleged Coverage Should Be Reviewed As The Actual Cost Of Withdrawals May Not Be As Transparent As One Would Like.
To Conclude, EnticeCapital's Deposit And Withdrawal Procedures Can Leave Clients Feeling Unsure Due To Potential Hidden Fees, Extended Processing Times, And Lack Of Clarity In Financial Transactions. Traders Should Exercise Caution And Carefully Review The Terms And Conditions Before Engaging In Deposit And Withdrawal Activities With This Broker.
Trading Platform
Entice Capital Offers Traders The Opportunity To Access The Versatile MetaTrader Platform, Known For Its Excellent Trading Conditions, Including Low Fixed Spreads And Liability Balance Protection. The Platform Offers A User-friendly Experience With One-click Trading, Pre-loaded Indicators, And Analytical Tools That Simplify The Trading Process. In Addition, Custom Trading Templates Enhance Personalization. MetaTrader Is Available On Multiple Devices, Including IPhone, IPad, Android, Tablets, And PCs, Ensuring Traders Have Flexible And Convenient Access To Their Preferred Trading Environment.
Customer Support
EnticeCapital Offers Several Customer Support Options To Meet The Needs Of Its Clients. Clients Can Contact The Support Team Via Email At Support@enticecapital.com, Promising To Respond Within 48 Hours. In Addition, To Provide Real-time Assistance, Chat Is Available Monday To Friday From 10am To 12pm GMT + 8. This Diversity Of Communication Channels Allows Customers To Seek Help And Resolve Issues At Their Convenience, Ensuring A Responsive And Accessible Customer Support Experience.
