EverFX Review Summary
EverFX Review Highlights
Pros & Cons
- Excellent methods for analysis
- Excellent tools for education
- Popular trading platforms
- High leverage
- Hidden maintenance fees
- Offshore regulation
EverFX is a strictly regulated Forex, Metals, Commodities, Cryptos and more CFD broker. We are determined to forge close relationships between traders and brokers, leading the way to a new age of online trading. One of our primary objectives is to inform traders about how markets function in an honest and open manner.
We strongly believe that the success of our clients is our success, and we will do our utmost to help them develop their plan. Our client-centric approach is what sets us apart from each other.
What’s the EverFX?
EverFX was founded as a Cyprus broker, as well as an agency in the Cayman Islands that has the philosophy of offering an equal opportunity to succeed in a trading environment that is based on a strong knowledge base. With its terms and conditions, the broker ensures that every client receives a good trading climate, an creative understanding of the platform and a continuous achievement of the objectives.
Trade instruments offering a range of Forex and CFD transactions, including 50 + currency pairs, 70 + stocks on the largest labels, 10 + indices from Europe , Asia , Australia or the US, 8 + metals on spot gold , copper and platinum, as well as 3 + energies.
Education and education
Together with a diversified portfolio, EverFX provides high-level support and dedication to honest and straightforward offerings, while also offering training and customer care to any signed client. Reading outlets provide a broad range of required data for beginners or seasoned traders through online webinars, video tutorials, market news, technical analysis resources for better forecasting, e-books, policy and economic fundamental analysis, and business terms glossary.
Is EverFX free or is it a scam?
EverFX is a brand name used by ICC Intercertus Capital Ltd, a registered Cyprus company, respectively an EU controlled investment firm registered with CySEC. The business holds a license issued that operates and maintains the regulations of the European authority MiFID (Markets in Financial Instruments Directive).
The additional body of EverFX is based in the Cayman Islands and is registered with the local CIMA, but the offshore region of EverFX does not prove its own trustworthy status. Yet, together with the regulation from Europe, EverFX is a broker that meets regulatory requirements and provides legal terms.
The complete security of the assets, together with the safety of the clients, has been identified in many respects, as the regulatory requirements set out different rules that are necessary to be followed, so that the clients are assured of the procedures. The money which has always been divided means unreachable to the company, as well as the client must share in the compensation in the event of the insolvency of the company. Apart from the daily examination and the prof of indemnity.
Platforms for trading
Industry standards in online trading require a powerful platform to execute orders, which is why EverFX has decided to lead the market leader – MetaTrader4. A solid and reliable platform delivers a range of features, advanced charting and configuration along with auto-trading capabilities. The program developed to meet almost any demand makes it possible to exchange applications customized to any computer from any location at any time.
In addition to the groundbreaking functions of MT4, customers can receive on a daily basis technological and fundamental analysis data which is transmitted to the news section. Another technical resource that is provided free of charge to every trader is Autochartist.
In addition, EverFX provides another great opportunity for ZuluTrade, a market-leading copy portfolio software that allows either professional traders to copy or become one. This opportunity is a wonderful social trading element, offering vast opportunities to learn, exchange and benefit from it.
Accounts of the
The account types of EverFX deliver both demo and live trading accounts that give you exactly what you can look for, regardless of the level of experience. When you open an account with EverFX, you will receive professional trading conditions, fast execution and customer support, along with a choice between three Standard, Premium and VIP accounts.
Each of them has variations between the maintenance balance and the actual costs. In addition, the dedicated account manager serves Premium and VIP investors at any time with ease, personal analyst capabilities and advanced features.
Since there are three account forms, you will have the option either to trade with the Standard feature and to pay for a tight spread of 1.2 pips or to sign up for a Premium service that is perfect for active traders and to trade with better spread quotes of 0.8 pips also without a fee.
Finally, the VIP account gives you full benefits of ECN trading with raw spreads of 0 pips and a commission of 4 $per round, so you have the choice of which account type and conditions to choose.
Below you can see an example of some spreads and rollover conditions below.
In addition , Islamic traders believe that they can also participate in trading with EverFX, as there is a possibility to open a Swap-free account.
As far as the Leverage levels are concerned, as normal they are specified by regulatory restrictions and therefore comply with European legislation due to the registration of EverFX. The European Authority has set lower levels which may give a maximum of 1:30 for Forex instruments, 1:10 for Commodities and 1:5 for Cryptocurrencies.
However, since EverFX also presented in the Cayman Islands offshore region, trading with this entity can entitle you to a higher leverage of up to 1:500, but it will always depend on your residence, so be sure to check these details with customer service.
Methods of payment
Fast and secure payments for financing and withdrawals are always at the top of every client’s goals, so EverFX makes a choice between a variety of methods.
Charge for withdrawal
For eg, the broker supports instant payment options through Visa, MasterCard with 0 per cent deposit commissions and 3 per cent withdrawal fees, while E-wallets Skrill, Neteller with 2 per cent and 3 per cent withdrawal fees.
However, bank transfers offer commission to traders free of charge, which means that the company does not charge any fees, but the bank provider may incur certain costs for the transaction itself.
Minimum deposit number
The minimum deposit that will allow you to start your standard account will only require $250 at the very beginning. Higher account types will require more money, but with a reasonable amount, the first-level account will remain at your fingertips.
EverFX review presents a brokerage company that relies on fair trading services to give every trader a chance of potential success. The selection of account types, networks along with advanced tools and easy customer support makes it possible.
If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.