NOTE: The Official Website Of EnormousFX - Https://enormousfx.com/is Currently Unavailable. Therefore, We Can Only Collect Relevant Information From The Internet In Order To Present A General Picture Of This Broker.
What Is EnormousFX?
EnormousFX Is A Broker Registered In The United States That Offers A Range Of Trading Instruments Including Forex, Precious Metals And Indices. It Offers Leverage Up To 1:100 And Competitive Spreads From 0.5 Pips For Starting Accounts. Traders Can Access The Market Through The Widely Used Meta Trader 4 Platform. EnormousFX Is Not Regulated Despite The Relatively Low Minimum Deposit Requirement Of Only 50 Dollars. In Addition, Its Website Is Currently Unaccessible, So We Cannot Verify Its Operations.
Advantages And Disadvantages
Advantages: Diverse Trading Tools, Low Minimum Deposit, MetaTrader 4 Platform
Disadvantages: Lack Of Regulation, Lack Of Access To Official Websites, Limited Information
Advantages:
Diverse Trading Tools: EnormousFX Offers A Wide Range Of Trading Tools, Including Forex, Precious Metals And Indices, Providing Traders With Multiple Options To Diversify Their Portfolios.
Low Minimum Deposit: EnormousFX Has A Minimum Deposit Requirement Of 50 Dollars, Enabling More Traders, Including Those With Limited Funds, To Participate In Trading.
MetaTrader 4 Platform: EnormousFX Uses The Widely Used MetaTrader 4 (MT4) Trading Platform, Which Is Known For Its User-friendly Interface And Advanced Trading Features.
Disadvantages:
Lack Of Regulation: EnormousFX Is Not Regulated, Which Affects The Security Of Funds And The Overall Reliability Of The Platform.
Unable To Access The Official Website: As Of Now, The Official Website Of EnormousFX Is Unavailable, Which Raises Serious Questions About Its Legitimacy And Professionalism.
Limited Information: There Is No Information About Fees And Operational Aspects, Which Makes It Difficult To Make Informed Decisions.
Is EnormousFX Safe Or Scam?
Since EnormousFX Is Not Regulated, There Is A Higher Risk Involved In Trading With It. The Lack Of Regulation Means That There Is No Regulator To Oversee The Broker's Fair And Transparent Operation. In Addition, The Official Website That Cannot Be Accessed Has Raised Questions About Its Legitimacy.
Market Tools
EnormousFX Offers Multiple 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 Marekt In The World, With Currencies Trading With Each Other. Traders Can Speculate On Price Fluctuations Of Currency Pairs, Such As EUR/USD Or USD/JPY, And Profit From Exchange Rate Movements.
Precious Metals: EnormousFX Offers Trading In Precious Metals Such As 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 Contracts For Difference (CFDs) Based On Indices, Allowing Them To Speculate On The Overall Performance Of The Entire Stock Market Or A Specific Industry.
Account Types
EnormousFX Offers Three Different Types Of Trading Accounts, Each Tailored To A Different Type Of Trader's Needs.
Starting Account With A Minimum Deposit Requirement Of 50 Dollars, Suitable For Beginners Or Traders With Limited Funds.
Classic Account With A Minimum Deposit Requirement Of 250 Dollars, Aimed At Intermediate Traders With Some Experience In Financial Marekt.
For Professional Traders Or Institutional Clients, EnormousFX Offers An ECN Pro Account With A Minimum Deposit Requirement Of 5000 Dollars.
Leverage
EnormousFX Reportedly Offers Leverage Of Up To 1:100 On All Trades. Leverage Enables You To Control A Larger Position Size Than Your Deposit Allows. For Example, Using Leverage Of 1:100, A Deposit Of $100 Will Enable You To Control A Position Of 10,000 Dollars (100 X $100). While Leverage Can Amplify Profits, It Also Increases The Risk Of Losses.
Spreads And Commissions
EnormousFX Offers A Competitive Spread And Commission Structure Across Different Account Types.
Spreads Start From 0.5 Pips For Starting Accounts And Commissions Start From 18 Dollars Per Lot.
Classic Accounts Offer Lower Spreads Starting From 0.2 Pips And Commissions Start From 15 Dollars Per Lot.
ECN Pro Accounts Offer Raw Spreads Starting From 0.0 Pips And Commissions Start From 5 Dollars Per Lot.
Trading Platform
EnormousFX Offers Traders Access To The MetaTrader 4 (MT4) Trading Platform, One Of The Most Widely Used In The Industry. MT4 Is Known For Its User-friendly Interface, Advanced Charting Tools And Customizable Features For Traders Of All Levels.
Client Server
EnormousFX Provides Customer Support Across Multiple Channels.
Phone: You Can Contact EnormousFX's Customer Support Team Directly By Phone At + 1 9195568527.
Email: You Can Also Contact EnormousFX's Customer Support Team By Email At Info@enormousfx.com.
Social Media: EnormousFX Is Active On Social Media Platforms Such As Facebook And YouTube.
CONCLUSION
Although EnormousFX Offers Features Such As Multiple Tools, Low Minimum Deposits, And The Popular MT4 Platform, None Of These Can Offset The Significant Risks That Exist. The Biggest Concern Is The Lack Of Regulation. Without Regulatory Oversight, Your Funds Will Not Be Protected. In Addition, Its Website Is Currently Not Working Properly, Which Is Very Unprofessional And Casts Doubt On Its Legality. We Recommend That You Avoid Using EnormousFX And Prioritize Your Safety.
