EverFX Guide – Read our In-Depth EverFX Review
EverFX Rating: 4.11 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
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 users in BR, KR, IR, IQ, SY, JP, US
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 demands expert assessing skills and thorough understanding. You will acquire proficient at all the concepts of broker as you keep trading. For starters, you need to select the ideal agent who will be transparent with you constantly.
In this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan will generate hefty returns. EverFX is just one such stage which will take you and your investment into great heights. It's important that you know all about EverFX before you trust them with your cash.
EverFX Review – Quick Overview
EverFX Telephone Number:
EverFX Email Address:
Cayman Islands Monetary Authority (CIMA)
Number Of Clients:
10,000+ EverFX users and traders
EverFX Facebook Likes:
EverFX Twitter Followers:
EverFX Instagram Followers:
Your capital is at risk
|EverFX Telephone Number:|
|EverFX Email Address:|
|Regulated By:||Cayman Islands Monetary Authority (CIMA)|
|Number Of Clients:||10,000+ EverFX users and traders|
|EverFX Facebook Likes:||0|
|EverFX Twitter Followers:||0|
|EverFX Instagram Followers:||0|
Your capital is at risk
Our full EverFX Review covers all you need to know about trading with EverFX. A fantastic broker can multiply your first investments and provide you favourable profits. If you would like to earn profits, you must trade with a broker service that aligns with your investment objectives.
There is no sure-fire method to ensure profits; thus, you must carefully analyze your broker before you choose them. It is a common misconception that all brokers are the same, but that is not true. Wrong judgment, in the beginning, can set your investments at risk.
EverFX is a broker which has paved its way successfully to the broker world. Within this review, we've tried to collate some of the important facets of EverFX. This review will help you to understand whether EverFX is a fantastic fit for your investments or not. We have attempted to breakdown all the features and fees 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?
- EverFX Risk Disclaimer
- 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 range of instruments for trading. Since its beginning in 2008, EverFX has emerged as a top player in the field of online brokerage. EverFX has an extremely competitive and full-featured trading website that is 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 consumer base is becoming as large as 10,000+ clients.
EverFX is a favourite of many dealers.. Our EverFX review discovered that they are an excellent alternative for automated trading options. It is most appropriate for investors who are looking for an assortment of assets. Social and automated trading options are the heart at EverFX.
Technology plays a substantial role at EverFX. EverFX offers trading on MT4,iOS,MacBook,iPhone. EverFX is honest, transparent, and a well-regulated broker by the Cayman Islands Monetary Authority (CIMA). Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.
The trader resource section at EverFX is quite enlightening for new traders as it allows them to have a closer look at the financial markets. EverFX caters to all sorts of traders and are a must-have broker for almost any well-diversified method of 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.
What you ought to know about trading with EverFX
EverFX is a lively platform that provides various techniques of trading. These tools cover the monetary markets substantially. The Majority of the brokerage platforms offer less procedures than EverFX
If you want to exchange with EverFX, you will need a minimum deposit of $10000. This deposit is mandatory if you would like to start trading with 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 low-cost services. The programs offered by EverFX are third-party, white-label offerings. All traders can select out of MT4,iOS,MacBook,iPhone.
Together with everything, EverFX has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a trade must be kept open. The brokers provide premium client service that rewards customers with benefits.
Many unprofessional brokers try to pressurise customers into larger funding for superior services. EverFX, on the other hand, is much more focused on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the greater advantages will become available.
EverFX accounts are available globally 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:
BR, KR, IR, IQ, SY, JP, US
Is EverFX Safe To Trade With?
Launched 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 figures have rules that ensure that trading platforms have steps in place to keep investor's assets secured. This means that EverFX users don't need to be worried about their money as it's segregated and safely stored in established banks. SSL encryption secures every user's personal information as well.
You are able to make use of an option for 2 Factor Authentications (2FA) with EverFX for heightened safety. An SMS with the verification code will be sent to your mobile phone. You'll be asked to enter this code to log into your accounts.
Another concern with fiscal brokers is in regards to safety may be manipulation of trading. This is highly disadvantageous for users on those platforms. However, this is much more widespread in the case of Market Maker agents who compete with customers on the stage.
EverFX Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With EverFX
Every online trading platform will have some pros and cons EverFX review would be complete without showing both sides. 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 offers social trading
- EverFX offer trading on MT4,iOS,MacBook,iPhone
- EverFX offer 93 trading instruments
- EverFX trades major forex pairs
- EverFX can communicate in English, and Chinese
- EverFX does not offer Negative Balance Protection
- EverFX does not offer Guaranteed Stop Loss
- EverFX has high minimum deposit requirements
- EverFX charge deposit fees
- EverFX doesn't trade minor forex pairs
- EverFX doesn't trade exotic forex pairs
- EverFX doesn't offer trading on cryptocurrencies
- EverFX charge CFD fees
- EverFX doesn't offer copy trading
- EverFX doesn't offer trailing stop
EverFX Review - Compare Brokers Similar To EverFX
|Rating||4.11 / 10||4.33 / 10||7.18 / 10||6.07 / 10|
|Regulated By||Cayman Islands Monetary Authority (CIMA)||Australian Securities and Investment Commission (ASIC)||International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)||Financial Conduct Authority (FCA)|
|Find Out More|
|Risk Warning||Your capital is at risk||Losses can exceed deposits||77.29% of retail investor accounts lose money when trading CFDs with this provider.||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 strong collection of rules for ensuring fair trading on its platform. For information encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client data is never to be shared with some other institutions or individuals. This includes credit history and other financial details.
EverFX Review - AwardsAt the time of writing this EverFX review, and despite EverFX’s impressive offering, the company has surprisingly not garnered any other awards to date.
EverFX Trading Platforms
EverFX are a trustworthy trading platform that has been operating for over 13 years. They offer a wide range of options in their customer accounts.
In the following table we take the main parts of any good broker and compare EverFX with Ingot Brokers, XM.com, and Caveo
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 create more complex deposits as you go along. But, ensure that you understand how to make the most of your money before investing larger sums.
EverFX Review - Commission And Fees Explained
EverFX is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker isn't necessarily affected by the number of customers they have.
But this doesn't necessarily 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 mainly three different types of fees for this objective.
The first kind of charges to keep an eye out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you are billed trading fees. In such instances, you are spending a spread, funding rate, or a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread denotes the difference between the buying and selling price. Financing or overnight rates are people that are billed when you hold a leveraged position for longer than daily.
Apart from trading charges, online brokers also charge non-trading fees. These are dependent on the actions you undertake in your account. They're billed for things like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, EverFX does not charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for people who often trade, for example daily or weekly trading.
But, non-trading fees billed by EverFX are relatively higher. As a result, you're charged more for non-trading activities in your trading account, such as deposits and withdrawal. These aren't about the purchase and sale of resources.
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 time from the EverFX account. You can withdraw sums up to the sum of your account balance, keeping aside the margin utilized. 1 thing to keep in mind is that you don't necessarily need to have any money in your account.
In addition, the withdrawn money will be moved directly to the accounts you use to create deposits. Thus, if you used a credit card for deposits, the withdrawn money is going to 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 case you're withdrawing money in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you're opting to withdraw in.
EverFX Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of those buzzing questions that run through your mind while open an account with EverFX. An inactivity fee is an amount charged to registered dealers who haven't engaged in buying or selling for some time. The period regarded as inactive is determined by the agent.
The inactivity fee differs from 1 agent to another and is not generalized. If a traders account does not have a purchasing or selling trade, it's claimed by the agent as an inactivity charge. The traders need to pay this fee under conditions and terms they had consented while enrolling.
EverFX doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no fees are indicated by EverFX, it is better that you close the account if you are inactive. Inactivity fees aren't only charged by brokerage companies but also many financial services.
For other 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 needs to be disclosed clearly by the broker beforehand.
EverFX Review - Deposit Fees Explained
When you transfer money into your trading account by the bank account, a deposit fee can be billed by the broker. Most agents don't charge an excessive amount of money for this operation.
EverFX charges a deposit fee for transferring money into your trading account.
Depositing money on the EverFX trading platform is easy. You simply have to complete a single-user profile survey to begin depositing money into your trading account. You'll need to give an identity evidence and proof of residency to deposit large amounts.
EverFX Review - Compare Broker Deposit Methods
What Can You Trade With EverFX?
Note: EverFX provides a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered can 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 currency pairs.
Compare EverFX, Ingot Brokers, XM.com & Caveo below.
Reviewing The EverFX Mobile App
Note: EverFX's mobile app has a lot of functionality and is being constantly developed. The table below was accurate at the time of writing this EverFX review.
Understand the capabilities of the mobile apps of EverFX, Ingot Brokers, XM.com & Caveo below.
Alternatives To EverFX
If, after reading this EverFX review, they don't fulfill your requirements check out these EverFX alternatives.
We have scoured the internet to find the best alternatives to EverFX. Click on the links below to find out more.
Frequently Asked Questions about EverFX
Can I try EverFX before I buy?
Yes, you can most certainly try EverFX before you buy. EverFX offers demo accounts for the ease of new traders. You can use this feature to build your faith in the system and yourself and your trading strategies.
If you sign up for a demo account on EverFX, you may set out using a decent amount of virtual money. It's to establish a sense of safety and confidence in you until you decide to spend your own money.
With this virtual EverFXdemo account, you are able to experiment in any way, to whatever period you wish. You might even start positions, test different trading approaches, and more.
EverFX specifies on its official site that you are able to exchange real time stocks with your demo account.
Is EverFX safe?
You can drop all your worries since we believe that EverFX is perfectly safe to use. It is in compliance with all the rules of Cayman Islands Monetary Authority (CIMA).
Nevertheless, 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 account with EverFX is $10000. You should have a good hold over the details 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 methods to finance your account with EverFX. The process is effortless and quick, with various payment methods in your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You must keep in mind that PayPal is not available in every country. The currencies EverFX
Is my money safe with EverFX?
Yes, your cash is safe and secure with EverFX. As you know, EverFX works with good conformation to. It has established plenty of steps to guard all of its own investors.
EverFX safeguards its customers' private and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you wish to further protect your account, you can empower Two-Step Verification also. It takes an SMS affirmation for you to get your accounts.
Is EverFX trading good?
Yes, trading through EverFX is a nice and decent experience indeed. It is a great and intuitive platform with useful features for your ease. Moreover, you could also gain access to a vast selection of educational resources and assistive material to kickstart your trading experience.
If you remain skeptical, you can start a eToro demo account and assess the credibility of the platform for yourself.
Which Countries does EverFX support?
EverFX operates across the world. However, due to regulations there are some countries that EverFX does not accept clients from BR, KR, IR, IQ, SY, JP, US
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 broker, and its own users may vouch for this. The highlight of this platform is its fast order execution on trades.
You will find the clean layout of this platform and the commendable features 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 among the industry leaders. It has over 10,000+ registered customers and over 13 years of experience on its record. They are among the world's leading trading platforms and a prominent figure in the Fintech revolution.
It simplifies this status to its incredible platform and wide selection of resources plus tools so you may invest in 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?
Through EverFX, many traders make a great deal of cash. But on average, through continual trading, you also can create between 2% - 10% profit a month.
This may seem to be a little number, but within the year, this adds to a substantial number of gains. Even though EverFX supply you all the tools to make money, they cannot guarantee you will gain.
Does EverFX have fees?
Yes. To start trading using EverFX, you need to deposit $10000. Certain commissions while trading additionally applies. Any processing fees from your bank might have 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 worldwide recognised agent 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 provide negative balance protection. If your balance is negative, EverFX suggests that you promptly contact customer services. For this, you are able to correct any imbalances in your account.
Does EverFX offer guaranteed stop loss?EverFX unfortunately, doesn't offer guaranteed stop loss. EverFX gives an opportunity for its traders to close their trade in their specified price. Aside from that, EverFX doesn't provide guaranteed stop loss.
Does EverFX allow scalping?Yes, EverFX do permit scalping. Many traders throughout the world choose EverFX due to their scalping services. 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?
No, unfortunately you cannot trade German shares with EverFX
Does EverFX accept bank transfers?
Yes, EverFX accepts bank transfers for depositing money.
Does EverFX accept credit cards?
Yes, EverFX accepts credit cards for depositing money.
Does EverFX accept PayPal?
No, EverFX does not accept PayPal.
Does EverFX accept Skrill?
No, EverFX does not accept Skrill.
Does EverFX accept Payoneer?
Yes, EverFX accepts Payoneer for depositing money.
Does EverFX accept Neteller?
No, EverFX does not accept Neteller.
Does EverFX offer Live Chat customer support?
Yes, EverFX offers customer support through live chat.
Does EverFX offer phone customer support?
Yes, EverFX offers customer support over the telephone.
Does EverFX offer email customer support?
Yes, EverFX offers customer support through email.
What languages can EverFX communicate in?
EverFX has the ability to communicate and support customers who speak: English, and Chinese
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 capital. Inexperienced traders can open a demo account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before getting a live account.