England Foreign Exchange Review
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Review
Fast Facts
Contact Info and Support
Traffic information
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About England Foreign Exchange
England Foreign Exchange, operating under the brand efxco.com, presents itself as a provider of forex and CFD trading with MetaTrader 4 platform, offering leverage up to 1:200 and spreads around 1.1–1.2 pips. Account types include “Bergamot Gold+9”, “Bergamot Silver”, “Bergamot Gold” and “Bergamot Platinum”, although minimum deposit requirements are not disclosed ().
The broker is not regulated by any recognised authority; the company behind it—England Foreign Exchange Capital Management INC—is based in Panama and holds no official licence. Investor protections such as segregation of client funds or guaranteed returns are not provided, while the firm reportedly functions as a market maker and offers managed accounts with a 1% trading commission per transaction ().
These operational characteristics indicate significant regulatory and financial risk associated with the broker.
Pros and cons
Pros
- Usage of the widely adopted MetaTrader 4 trading platform
Cons
- No regulatory oversight or licensing
- No disclosed minimum deposit
- Operates as a market maker with potential conflicts of interest
- Managed accounts and high commissions (1%) may present additional risk
