EverFX Guide – Read our In-Depth EverFX Review
This EverFX review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this EverFX review does not apply to US users.
If you are a new entrant in the realm of trading and brokerage, so many facts will be perplexing for you. Getting into the world of trading requires expert analyzing skills and thorough knowledge. You'll acquire adept at all the concepts of broker as you keep trading. For starters, you have to choose the ideal broker who will be transparent with you constantly.
In this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment program will create hefty returns. EverFX is one such platform that will take you along with your investment to great heights. It is important that you understand about EverFX until you trust them with your cash.
Our full EverFX Review covers all you will need to learn about trading with EverFX. A good agent can multiply your initial investments and provide you positive profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investing objectives.
There's absolutely no sure-fire way to ensure profits; therefore, you must carefully analyze your broker before you choose them. It's a frequent misconception that all agents are the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.
EverFX is a broker which has found its way successfully into the brokerage world. In this review, we have attempted to collate some of the vital facets of EverFX. This review can allow you to know whether EverFX is a fantastic fit for your own investments or not. We have attempted to breakdown all of the qualities and charges for your advantage.
EverFX Review, Table Of Contents
- Who are EverFX?
- Benefits Of Trading With EverFX
- Everything you should know about trading with EverFX
- Is EverFX Safe To Trade With?
- Pro's & Con's Of Trading With EverFX?
- Compare Brokers Similar To EverFX
- Regulation And Licencing In More Detail
- EverFX Awards
- Minimum Deposit Required For A Live Account With EverFX
- EverFX Commission And Fees Explained
- Compare broker fees against EverFX
- EverFX Withdrawal Fees Explained
- EverFX Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With EverFX?
- Alternatives To EverFX
- Frequently Asked Questions About EverFX
Who are EverFX?
EverFX is a forex broker headquartered in Cayman Islands and provides a variety of instruments for online trading. Since its inception in 2008, EverFX has emerged as a top-tier player in the industry of online brokerage. EverFX includes a highly competitive and full-featured trading website that's focused on forex, indices, metals, stocks and commodities.
Over the past 13 years, EverFX has grown into one of the leading online brokers.
After launching in 2008, their customer base has become as large as 10,000+ clients.
EverFX is the favorite of many dealers.. Our EverFX review found that they're an excellent alternative for automated trading solutions. It's best suited for investors that are looking for a variety of assets. Social and automated trading options are the core at EverFX.
Technology plays a significant role at EverFX. EverFX offers trading on MT4,iOS,MacBook,iPhone. EverFX is fair, transparent, and a well-regulated broker by the Cayman Islands Monetary Authority (CIMA). Their outstanding variety of tools will be beneficial for most traders. Third-party partnerships also supply in-house analysis.
The trader resource department at EverFX is quite enlightening for new dealers since it permits them to get a closer look in the financial markets. EverFX caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to online trading.
If you feel that EverFX is not right for you then at the bottom of this EverFX review you wil find a lot of alternatives to EverFX.
Everything you ought to know about trading using EverFX
EverFX is a dynamic platform that offers various methods of trading. These tools cover the monetary markets considerably. The Majority of the brokerage platforms offer fewer procedures than EverFX
If you wish to exchange with EverFX, you'll require a minimum deposit of $10000. This deposit is mandatory if you want to start trading using EverFX. This 2021 EverFX review will direct you easily about trading with them.
EverFX is as flexible as another broker platform. EverFX is excellent for traders who want a manageable selection of cheap services. The programs offered by EverFX are third party, white-label offerings. All traders can pick from MT4,iOS,MacBook,iPhone.
Along with everything, EverFX has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a trade has to be kept open. The agents offer premium customer service that rewards clients with advantages.
Many unethical brokers attempt to pressurise consumers into larger financing for premium services. EverFX, on the other hand, is more concentrated on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the further advantages will become available.
EverFX accounts are available around the world and provides outstanding service wherever they have clients. There are only a select few countries where EverFX accounts are not available. Traders in the following countries cannot open or use a EverFX account:
Is EverFX Safe To Trade With?
Established in 2008, EverFX has been open for 13 years, they are headquarted in Cayman Islands.
EverFX is regulated by Cayman Islands Monetary Authority (CIMA). These bodies have rules that mandate that trading platforms have measures in place to keep investor's resources secured. This usually means that EverFX users do not need to be worried about their money as it is segregated and safely kept in established banks. SSL encryption simplifies each user's private information also.
You can make use of an option for Two Factor Authentications (2FA) with EverFX for increased safety. An SMS with the confirmation code will be sent to your mobile phone. You will be required to input this code to log in to your account.
Another concern with fiscal brokers is in regards to safety might be manipulation of trading. This is highly disadvantageous for users on those platforms. Nonetheless, this is much more widespread in the case of Market Maker brokers who compete with customers on the platform.
Pro's & Con's Of Trading With EverFX
Every online trading platform will have some pros and cons EverFX review would be complete without having a balanced approach. This EverFX review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- EverFX is trusted by 10,000+ clients
- EverFX doesn't charge withdrawal fees
- EverFX doesn't charge inactivity fees
- EverFX doesn't charge deposit fees
- EverFX doesn't charge CFD fees
- EverFX offer trading on MT4,iOS,MacBook,iPhone
- EverFX offer 93 trading instruments
- EverFX trades major forex pairs
- EverFX can communicate in
- EverFX does not offer Negative Balance Protection
- EverFX does not offer Guaranteed Stop Loss
- EverFX doesn't trade minor forex pairs
- EverFX doesn't trade exotic forex pairs
- EverFX doesn't offer trading on cryptocurrencies
EverFX Review - Compare Brokers Similar To EverFX
|Headquarters||Cayman Islands||United States, Canada||Cyprus||Australia|
|Regulated By||Cayman Islands Monetary Authority (CIMA)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)||Cyprus Securities and Exchange Commission (CySEC)||Australian Securities and Investment Commission (ASIC)|
|Find Out More|
|Risk Warning||Your capital is at risk||Losses can exceed deposits||Losses can exceed deposits||Your capital is at risk|
EverFX Review - Regulation And Licencing In More Detail
EverFX is regulated by Cayman Islands Monetary Authority (CIMA).
EverFX, as a business, has a powerful collection of rules for ensuring fair trading onto its own platform. For data encryption purposes, it supplies an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
EverFX Review - Awards
- At the time of writing this EverFX review, they had not received any awards.
EverFX Review - Minimum Deposit Required
The minimum deposit you need to get started on EverFX is $10000. This is a decent amount for those just starting out. You can make more complex deposits as you go along. But, ensure you know how to make the most of your money before investing larger amounts.
EverFX Review - Commission And Fees Explained
EverFX is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much better. In other words, an online broker isn't necessarily affected by the number of customers they have.
But this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily 3 types of fees for this objective.
The first sort of fees to look out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you're billed trading charges. In such instances, you're spending a spread, funding speed, or a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight prices are people who are billed when you maintain a leveraged position for longer than daily.
Aside from trading fees, online agents also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They're billed for operations like depositing money, not investing for long periods, or withdrawals.
Generally, EverFX does not charge high fees compared to other online agents. For operations other brokers fee for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for those who regularly exchange, such as weekly or daily trading.
However, non-trading fees billed by EverFX are relatively greater. Consequently, you're charged more for non-trading actions on your trading accounts, like withdrawal and deposits. These are not related to the sale and purchase of assets.
This EverFX review breaks down each of the relevant non-trading fees for you in detail.
Compare broker fees against EverFX
EverFX Review - Withdrawal Fees ExplainedEverFX doesn't charge withdrawal fees
Withdrawal of cash is possible at any moment from your EverFX account. It's possible to withdraw sums up to the sum of your account balance, keeping aside the margin utilized. 1 thing to remember is that you don't always have to have any cash on your accounts.
In addition, the withdrawn money will be transferred directly to the accounts you use to make deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn cash will be sent into the card. EverFX will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you are withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you're choosing to draw in.
EverFX Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions which run through your head when open an account with EverFX. An inactivity fee is an amount charged to registered dealers who have not participated in purchasing or selling for a while. The period considered inactive is determined by the broker.
The inactivity fee also differs from one broker to another and isn't standardized. If a dealers account does not have a buying or selling trade, it is maintained by the agent as an inactivity charge. The traders need to pay this fee under terms and conditions that they had consented while enrolling.
EverFX doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no charges have been implied by EverFX, it is better that you close the account if you are inactive. Inactivity fees are not only charged by broker companies but also many financial services.
For additional trading platforms, the inactivity fee is contingent on the sort of account you have chosen. The inactivity fee is exposed to a lot of conditions and should be revealed clearly by the broker beforehand.
EverFX Review - Deposit Fees Explained
When you move money into your trading account by the bank account, a deposit fee can be billed by the broker. Most agents don't charge too much money for this operation.
EverFX doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the EverFX trading platform is easy. You just have to complete a single-user profile questionnaire to begin depositing money into your trading account. You will need to provide an identity proof and proof of residency to deposit large sums.
EverFX Review - Compare Broker Deposit Methods
What Can You trade With EverFX?
Note: EverFX offers many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered may differ based on the country of residence of the client.
EverFX has a wide variety of over 93 instruments available for you to trade with.
If trading currency pairs is of interest to you then EverFX offer over forex pairs.
Compare EverFX, OANDA, Trade360 & Atiora below.
Alternatives To EverFX
If, after studying this EverFX review, EverFX doesn't fulfill your needs check out these EverFX alternatives.
We have scoured the internet to find the best alternatives to EverFX. Click the links below to learn more.
Frequently Asked Questions about EverFX
Can I try EverFX before I buy?
Yes, you can most definitely try EverFX before you buy. EverFX provides demo accounts for the convenience of beginner traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you register for a demo account on EverFX, you may set out using a decent amount of virtual money. It is to establish a feeling of security and confidence in you until you decide to invest your own money.
With this digital EverFXdemo account, you are able to experiment in any way, to whatever period you wish. You can even open positions, test different trading strategies, and more.
EverFX specifies on its official site that you are able to trade real time stocks in a demo account.
Is EverFX safe?
You can drop all your worries because we believe that EverFX is totally safe to use. It's in compliance with all the principles of Cayman Islands Monetary Authority (CIMA).
Even so, EverFX doesn't provide assured stop-loss protection.
Why does EverFX ask for my passport?
The reason that EverFX asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, EverFX has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, EverFX must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with EverFX?
The process to start trading withEverFX is perhaps simple enough to be a cakewalk. You need to begin by signing up on the EverFX website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with EverFX is $10000. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with EverFX.
The best way to kickstart your trading career with EverFX is to open a demo account facility before risking any real money
What funding methods do EverFX accept?
There are multiple ways to finance your account with EverFX. The process is effortless and quick, with different payment methods in your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You have to keep in mind that PayPal isn't available in all country. The monies EverFX
Is my money safe with EverFX?
Yes, your cash is safe and secure with EverFX. As you know, EverFX operates with good conformation to. It's established plenty of measures to guard all its investors.
EverFX safeguards its clients' personal and sensitive data under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you wish to further safeguard your account, it is possible to empower Two-Step Verification also. It requires an SMS affirmation that you get your account.
Is EverFX trading good?
Yes, trading via EverFX is a pleasant and good experience indeed. It's a great and intuitive platform with useful features for your simplicity. In addition, you can also gain access to a vast collection of educational tools and assistive substance to kickstart your trading expertise.
If you remain skeptical, it is possible to start a eToro demo account and assess the credibility of the platform for yourself.
Which Countries does EverFX support?
EverFX operates across the globe. However, due to regulations there are some countries that EverFX cannot accept clients from
Is EverFX legit?
EverFX is a legit company headquarted in Cayman Islands since 2008. They are regulated by Cayman Islands Monetary Authority (CIMA). EverFX is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is EverFX a good broker?
EverFX is an excellent agent, and its users may vouch for it. The highlight of this platform is its quick order execution on transactions.
You will discover the clean layout of the platform along with the admirable features that a pleasure to work with.
Is EverFX a trustworthy broker?
Yes, EverFX is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for EverFX?
The minimum deposit to open a live account with EverFX is $10000
How long do EverFX withdrawals take?
Normally, withdrawal of money from EverFX is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from EverFX to show in your bank account.
Are EverFX regulated?
EverFX are regulated by Cayman Islands Monetary Authority (CIMA)
Is EverFX a market leading broker?
EverFX is currently one of the industry leaders. It supports over 10,000+ registered users and over 13 years of expertise on its own record. They are one of the world's top trading platforms and also a dominant figure in the Fintech revolution.
It simplifies this standing to its incredible platform and wide selection of tools plus resources so you can put money into capital markets.
Is EverFX a con?
No, EverFX is not a con. They are regulated by Cayman Islands Monetary Authority (CIMA) and must adhere to their rules. Thus, it is safe to say that EverFX is not a scam.
Can you make money with EverFX?
Using EverFX, many traders make a great deal of money. However, typically, through consistent trading, you also can make between 2% - 10% profit a month.
This may seem like a little number, but over the year, this adds to a significant amount of gains. While EverFX supply you all of the tools to earn money, they cannot guarantee that you will profit.
Does EverFX have fees?
Yes. To start trading using EverFX, you have to deposit $10000. Certain commissions while trading additionally applies. Any processing fees from your bank might need to be incurred by you.
When was EverFX founded?
EverFX was founded in 2008 in Cayman Islands. EverFX is regulated by Cayman Islands Monetary Authority (CIMA).
How many people use EverFX?
EverFX is a globally recognised broker with 10,000+ clients.
Where is the EverFX head office?
EverFX has its head office in Cayman Islands
Does EverFX offer negative balance protection?
No. EverFX does not offer negative balance protection. If your balance is unfavorable, EverFX indicates you promptly contact customer services. For this, you are able to correct any imbalances within your own account.
Does EverFX offer guaranteed stop loss?EverFX unfortunately, does not offer guaranteed stop loss. EverFX provides an opportunity for its dealers to close their trades in their given price. Apart from this, EverFX doesn't offer guaranteed stop loss.
Does EverFX allow scalping?Yes, EverFX do permit scalping. Many traders throughout the world select EverFX for their services that are trading. They offer trading on MT4,iOS,MacBook,iPhone which let this.
Does EverFX allow hedging?
Yes, EverFX does allow hedging.
Can you trade energies with EverFX?
No, unfortunately you cannot trade energy stock with EverFX
Can you trade agricultural shares with EverFX?
No, unfortunately you cannot trade agricultural stock with EverFX
Can you trade cryptocurrency with EverFX?
No, unfortunately you cannot trade cryptocurrency with EverFX
Can you trade metals with EverFX?
No, unfortunately you cannot trade metals with EverFX
Can you trade UK Shares with EverFX?
Yes, you can trade UK shares with EverFX
Can you trade US Shares with EverFX?
No, unfortunately you cannot trade US shares with EverFX
Can you trade Japanese Shares with EverFX?
No, unfortunately you cannot trade Japanese shares with EverFX
Can you trade German Shares with EverFX?
Yes, you can trade German shares with EverFX
Does EverFX accept bank transfers?
No, EverFX does not accept bank transfers.
Does EverFX accept credit cards?
No, EverFX does not accept credit cards.
Does EverFX accept PayPal?
No, EverFX does not accept PayPal.
Does EverFX accept Skrill?
No, EverFX does not accept Skrill.
Does EverFX accept Payoneer?
No, EverFX does not accept Payoneer.
Does EverFX accept Neteller?
No, EverFX does not accept Neteller.
Does EverFX offer Live Chat customer support?
No, EverFX does not offer customer support through live chat.
Does EverFX offer phone customer support?
No, EverFX does not offer customer support over the telephone.
Does EverFX offer email customer support?
No, EverFX does not offer customer support through email.
What languages can EverFX communicate in?
EverFX has the ability to communicate and support customers who speak:
Does EverFX have a wikipedia page?
No, EverFX does not have an official wikipedia page.
Does EverFX offer demo accounts?
Yes, EverFX offers demo accounts so you can learn their systems before risking any real money.