All methods should be fast and efficient, which is sometimes not the case with this broker. In addition to outstanding support, the broker also offers an extensive education package. According to the official EverFX website, the broker treats its clients as team members, looking out for them and rooting for them to be successful. To this end, it provides weekly webinars as well as – as shown above – one-on-one training when necessary.
EverFX Risk Disclaimer
EverFX may offer special bonuses to incentivize traders, providing additional benefits or rewards. Besides, the broker may support auto-trading functionality, enabling users to automate their trading strategies. EverFX provides a wide selection of trading instruments, carefully categorized into different classes. Some assets may exhibit high volatility, coupled with high leverage risks. Additional entity of EverFX is located in the Cayman Islands and is registered with local CIMA, however, being an offshore zone this entity does not prove its reliable status on its own.
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The application has a size of 16 MB and has downloaded more than 5k. In addition, EverFX offers another platform – ZuluTrade, the market-leading software for copying trades of professional traders. This social trading feature provides huge opportunities for learning, trading, and making a profit. However, it’s imperative to note that certain EverFX reviews highlight potential issues. While the platforms themselves are reliable, users have reported concerns. It is wise to consider these reviews and perform due diligence when selecting the most suitable trading platform.
To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. All the trading brokers aim to provide peaceful and smooth trading platforms to the people. EverFx offers multiple trading platforms for users to have a good understanding and do their trading at great ease. At the top left of the bar, there is a multiple options bar like the dashboard, markets, trades, the status of trades, trading central, and copy trading.
Does EverFX allow hedging?
Opening an account at EverFX does not carry any additional fees. The spreads and commissions required depend exclusively on the account type for which traders sign up. Everfxglobal.com is operated by ICC Intercertus Capital Cayman Limited. This side of the company is based at Artemis House, Fort Street, KY1-1111, Grand Cayman, Cayman Islands.
Opening account at Everfx
EverFX offers MetaTrader 4 to cater to the diverse needs of its clients. By understanding the features and benefits of each platform, you can select the one that best aligns with your trading goals. And in the case of EverFX, we suspect the exact same thing. We think that the broker is trying to lure in as many clients as possible with its flashy conditions and fancy regulatory claims, yet in the actual performance, it has very apparent grey areas.
Trading Conditions
- If you suspect you have been scammed by EverFX or any other broker, it’s crucial to gather evidence and seek advice from professionals.
- EverFX are a reputable brokerage that has been trading for over 17 years.
- Then, according to Eurojust, they encouraged victims to invest on web platforms controlled by the criminal organization.
- EverFx provides different types of charts to have a better understanding of selected charts.
- The FCA has now ordered the Cypriot broker to cease offering CFDs trading services, marketing in the country, close all open positions and return clients’ funds.
You will probably also have top go through the standard KYC (Know Your Customer) checks but EverFX are normally pretty quick with this. With a digital EverFXdemo account, you are able to experiment in any way, to whatever length you wish. You can even start positions, examine different trading strategies, and more. If you register for a demo account with EverFX, you will set out with a decent amount of virtual currency.
EverFX Global is an international broker offering trading in a range of financial markets, including forex and Bitcoin. The brand have however, been caught up in numerous cases involving unethical behaviour towards clients. STP (Straight Through Processing) brokers seem to be taking over the Forex market, and the efficiency of this new model is certainly worth taking a look into the matter. The majority of those new broker houses promise a set of tantalizing benefits, such as instantaneous execution, safe trading environment, tightest spreads, and so on.
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EverFX Global offers the popular MetaTrader 4 and MetaTrader 5 platforms, in addition to a web-based alternative. According to a joint statement from the Guardia Civil and the Mossos d’Esquadra — the Spanish and Catalonian police forces, respectively — Pablo A. A Demo account option is also provided to those keen on giving the whole thing a “dry” test-run, before investing any real money. The user has to check the terms and conditions and is not a resident of the US for tax purposes.
Personal account managers are also in the EverFX mix, as is a selection of daily market alerts, which are delivered straight to traders’ inboxes. Deposits and withdrawals are important features in the trader’s life. The platform provides instant deposits and withdrawals as per the demands of the users. Deposits and withdrawals conditions are different for different types of accounts. In this article, we will show you the trading conditions, platforms, fees, and reliability of this forex broker.
Please note that trading conditions may vary depending on the jurisdiction you choose. EverFX’s customer service can be reached via email, live chat, or a Cayman Island-registered phone number. Unfortunately, however, the company does not state EverFX any opening hours for its customer service department, which makes us question whether they will really be there when an issue arises. The broker employs various strategies to attract and engage users. They utilize different communication methods and conversational styles to interact with clients.
- For information encryption functions, it provides an industry-standard secure socket layer (SSL).
- SSL encryption secures every user’s private information as well.
- EverFX acknowledges the importance of owning a quick order execution.
- Besides lots of currency pairs, EverFX also offers some instruments you would like to trade on, such as Forex, CFD and Crypto for your best choice.
- Additional entity of EverFX is located in the Cayman Islands and is registered with local CIMA, however, being an offshore zone this entity does not prove its reliable status on its own.
EverFX rebranded as Axiance and is now operated by Aerarium Limited, a company regulated by the Seychelles Financial Services Authority (FSA). This led to some consumers losing very significant sums of money. It was part of a group belonging to ICC Intercertus Capital Ltd, a firm based in Cyprus and regulated in the UK under the Temporary Permission Regime (TPR). EverFX support personnel can be reached through Telegram, Viber, WhatsApp and Facebook Messenger as well.
For additional trading platforms, the inactivity fee depends upon the type of account you have chosen. The inactivity fee is subjected to a lot of conditions and needs to be revealed clearly by the agent beforehand. In addition, the withdrawn money will be transferred directly to the accounts you use to make deposits.