EVERFX Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:4 99

everfx review

With this virtual balance, you can test every feature of EverFx in detail. The broker is offering different account types for higher deposits. 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. EverFX is an international Forex broker founded in Cyprus in 2016 and provides online trading services to retail and institutional traders with access to more than 130 trading instruments across 6 asset classes.

Equity or stock indices are actual stock market indexes which measure the value of a specific section of a stock market. They can represent a specific set of the largest companies of a nation or they can represent a specific stock market. EverFX is a very new broker, which was established in 2016 by ICC Intercertus Capital Limited. The company has headquarters in Limassol, Cyprus, and global headquarters in the Grand Cayman Islands.

The information and videos are not investment recommendations and serve to clarify the market mechanisms. The texts on this page are not are not investment recommendations. We recommend using this account first before you deposit any money.

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The mobile application of EverFx is smart and easy to use with all the latest features in it. The application has a size of 16 MB and has downloaded more than 5k. Overall, we can say the trading conditions are quite good for traders but the trading fees are higher than most competitors.

You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. Bonus and promotions attract the users the most, as the platform gives different types of offers and promotions through various methods like promo codes, deposit bonuses, and other bonuses as well. These analyses and important news help the traders to take necessary precautions while trading.

EverFX Review

Please be aware that this might heavily reduce the functionality and appearance of our site. EverFx has the vision to expand more and deliver quality services to its users. Users of EverFx have to select the account type and then the amount can be entered. After entering the amount user want to invest than the user has to proceed with the payment.

All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. However, based on our finds Cyprus regulated mothercompany ICC Intercertus Capital Ltd now operates new brand Axiance. It goes against our guidelines to offer incentives for reviews. We use dedicated people and clever technology to safeguard our platform.

Dear customers,
EverFX do its best to provide a high-quality service to meet client’s highest expectations. However, due to increased cases of spam messages and false problems, we kindly ask you to provide your MT4 ID to confirm that you are the client of EverFX. Also it will help us to answer you or to solve any of your complaints much faster. The company seems to support payment methods that offer a “money-back guarantee” such as Alipay, Mastercard, Paypal, and Visa. While this money-back guarantee is not 100% secure, it does allow consumers in most cases to get their money back if the product is not delivered or proves to be fake. While the fx broker looks solid in every regard, its reputation is obviously not what it could/should be.

EverFx is a safe, regulated, reliable, and unique trading platform that offers access to various markets of the world including investment opportunities in the big companies. The platform offers different types of account types with unique features. EverFx offers diverse payment methods and has a multi-lingual trading platform. EverFx offers multiple account types for the users and has a very unique interface. The process of deposits and withdrawals is transparent and offers multiple payment methods to the users. The team behind the project is competent and has vibrant customer support to assist the users.

EverFX review: Regulations, Platforms, Features and Ratings.

Let’s read this review carefully, as this review may change your opinion about this online broker. In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor. If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all. EverFX broker provides the popular and reliable MetaTrader 4 trading platform with advanced charting and automated trading capabilities. The broker has also developed its own web-based Status platform for convenient trading around the world from any device.

everfx review

While opening an account with EverFX you will receive professional trading conditions, fast execution and customer support along with a choice between three accounts Standard, Premium and VIP. The operator says that it views its traders as “teammates” and as such, it is constantly looking out for their best interests. Whether this is true or not, what’s certain is that the broker has placed an unusual amount of focus on education. everfx review On one hand, it has a complete education section which offers training videos and webinars, on the other, it runs promotions focused on trader education and 1-on-1 training. Through such promotions, traders are not just introduced to the trading platforms and the various features they offer, but also to the basics of technical analysis and actual trading. Its market coverage is solid, as is its trading platform offer.

Deposits and withdrawals

As EverFX claims, there are at least three different platforms that you can use to trade all available instruments. These platforms include MetaTrader 4, MetaTrader 5, and WebTrader. To give the broker some credit, these platforms are more than capable of ensuring a seamless and smooth trading experience. Yet it still doesn’t prove that EverFX is a trustworthy broker.

To move to a higher level of the account, you need to top up the Deposit with the specified amount. Please note that trading conditions may vary depending on the jurisdiction you choose. EverFX is a trading company based in Cyprus that operates worldwide and provides services in FX and CFD trading. Some of the e-payment methods available are Neteller, Skrill, Alipay and QIWI.

Is EverFX regulated?

As already noted, EverFX is regulated by the Cayman Islands Monetary Authority (CIMA), which is not a well-recognized regulatory body. Under the law of the Cayman Islands, all licensed brokers should have a minimum fixed capital of at least 100 000 Cayman Islands Dollars or approximately USD 120 000.

Newbie traders will want to find a broker which offers enough research and training tools in order to acquire the necessary skills to make profitable trades. These educational tools range from the very fundamentals of Forex trading to more advanced Webinars and courses, which can also be of use to intermediate traders. EverFX’s benchmark EUR/USD spread floats at about 2 pips, which is at least half a pip higher than the spreads offered by many other brokers. Added to this, the company reserves the right to charge traders a maintenance fee without ever specifying the exact amount. Typically, the Forex market abounds with a diverse range of traders, including beginners, intermediate level traders, seasoned pros, and institutions, so that there are many types of accounts on offer.

The account creating method of the EverFx is a reliable and easy one. It takes a few steps to create an account and start the trading by following simple steps. The users need to enter their names, valid email, mobile phone number, country selection, and if any promo code for the bonus can be entered while creating the account. Apart from a few customer complaints which are usually addressed in time, we can’t figure out any other thing that would knock out a star rating on this broker. Potential clients without sufficient knowledge should seek individual advice from an authorized source.

Moreover, besides online bank transfers, they accept as well Visa and Master cards. Nonetheless, it is not excluded that broker accepts as well crypto transfers. In addition to that, those are encrypted and hardly traceable transfers and should comply with AML laws. As can be seen in EverFX reviews, out of 180 comments on Trustpilot, roughly 65% are 1-star rated. Many of those clients are coming from countries like the United Kingdom, Canada, Australia, Spain and France. On the other hand, all of those are speculations but it raises concerns.

Since you don’t have trading assistance with the standard account you will need it very shortly to upgrade the account. Important to realize is that FCA issued a warning and they should explicitly stop their services in the UK. Therefore, you can start looking for different options especially if you are British. If the EverFX broker had a Tier 1 license from FCA, BaFin or ASIC, it would be a different story. In the light of all the negative comments on EverFX reviews, we double-checked all the licenses. Indeed, they don’t have any Tier 1 licenses besides the ones from Seychelles.

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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. EverFx is a trading platform that is providing https://forexhero.info/ services to its users for more than 7 years. It offers access to 1000s of different trading markets including commodities, indices, forex, and crypto-currencies. The brand is managed by the EverFx Group and has multiple companies in different countries which are regulated by the different financial authorities.

What happened to EverFX?

From EverFX to Axiance

Recently, EverFX has introduced Axiance – the new trading brand of ICC Intercertus Capital Limited (the “Company”) that replaces the formerly EverFX, starting August 9, 2021. Effective August 9, 2021, the Company will cease to exist and operating under EverFX.

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. We’ll discuss this in detail further down below but let’s just say that we’re not convinced that EverFX is regulated by the world’s most powerful financial institutions. With that being said, however, we’re not entirely convinced that the EverFX scam is completely avoided here. You see, the broker might come with overly lucrative trading terms and conditions and the promises to take your trading portfolio to a whole new level, yet when it comes to safety, it might not be as forthcoming.

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. Thus, EverFX is an international brokerage company with regulation in Europe (CySEC) and registration in the Cayman Islands and Seychelles to expand its services to international traders. EverFX broker provides a variety of types of trading accounts with narrow spreads for traders of different levels of training. EverFX offers excellent training and research tools in a competitive trading environment with a tailored suite of accounts.

Deciding on the right platform is also an important aspect of selecting a suitable broker. The highest-level account available is the VIP account with a minimum deposit of $30,000. Potential traders should also note that the company reserves the right to charge a maintenance fee without ever specifying the exact amount, and which can rack up fairly high costs over the long term.

Yet, in order to use it for free, the trader should comply with the terms of use. The minimum deposit or maintenance of the account should be 5,000$, otherwise, the clients can claim VPS hosting fee 20$ a month. Industry standards in online trading require a powerful platform to execute orders, thus the EverFX decided to mainstay at the market leader – MetaTrader4. A solid and dependable platform delivers a wealth of features, advanced charting and customization along with auto-trading capabilities.

Must be remembered that the FCA regulator from the UK banned EverFX services in their country. Although this broker provided services with a valid license FCA had concerns about the marketing and sales strategy of the broker. At the same time, those were misleading with a high level of pressure without approving withdrawals.

  • We use dedicated people and clever technology to safeguard our platform.
  • They accept deposits through credit cards, such as MasterCard and Visa, as well as through Skrill, Neteller and WebMoney.
  • 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.
  • However, before making a final choice, we recommend that you read the reviews of EverFX and see the rating of Forex brokers.

By clicking the Social Status option, one will gain access to the positions taken by other traders and to their win/loss percentages. Social traders can then copy the trades of their peers, or simply double-check their own positions against those of other traders. There are scores of FX pairs offered, and the trading conditions on every one of them are displayed at the site. Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 66-84% of retail investor accounts lose money when trading CFDs with the providers presented on this site.

However, the company enjoys successful global operations with a special focus on developing professional and reliable relationships with its clients over the long-term. To this end, the company works to provide a lucrative trading environment by providing traders with the necessary tools, knowledge, and support to enjoy and excel in their strategies. In addition, the EverFX offers another great possibility ZuluTrade, which is a market leading copy portfolio software allowing either to copy professional traders or to become one. This opportunity is an amazing social trading feature, which brings vast possibilities to learn, trade and profit from it.

What is EverFX global?

EverFX Global is a trade name operated by the Company. The Company is a serious global. award-winning Company which serves retail and institutional Clients from over 180 countries in the world. The Company sets high standards to its services because quality is just as decisive for us as for our Clients.