General Information & Regulation
Eginets is a Belize registered STP forex broker that offers investors three trading accounts with low minimum deposit requirements, which seems to be superior to most dealers. Eginets focuses on Muslim markets, such as Malaysia and Indonesia, and is currently an unregulated brokerage firm.
Market Instruments
Eginets offers investors a series of financial instruments, including forex currency pairs, indices, CFDs, precious metals, cryptocurrencies, and commodities.
Minimum Deposit
There are three different trading accounts available on the Eginets platform: the Fun Account (minimum deposit of $50), the Pro Account (minimum deposit of $100), and the Zero Account (minimum deposit of $1000).
Eginets Leverage
Trading leverage vary depending on various trading accounts. The maximum trading leverage is up to 1:400 for the Fun account, 1:200 for the Pro account, and 1:100 for the Zero account.
Spreads & Commissions
Spreads start at 1.6 pips for Eginets Fun accounts and 1.1 pips for Pro accounts. Spreads on zero spread accounts start at 0.6 pips. Additionally, Eginets charges traders a commission of $7 per lot.
Trading Platform
Eginets offers investors the market-leading MT4 trading platform, which has proven itself over the years and is sought after by countless traders. MT4 is perfect for Forex traders because of its powerful charting features, many custom indicators (and other tools), and various automated trading systems or trading programs called EAs. The MT4 trading platform supports mobile versions. iPhone and Android versions so that traders can trade anywhere, anytime.
Deposit & withdrawal
Finally, Eginets supports traders to deposit and withdraw funds from their investment accounts via wire transfer, credit card, PayPal, etc. The payment options offered by Eginets are limited but at least include the popular e-wallet payments.
Pros & Cons of Eginets
Eginets Disadvantages Include:
1. Offshore brokers & no regulation
2. Spreads in demo accounts not consistent with the official website
3. Limited payment options
