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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.

This EverFX review contains the most recent information about EverFX.

If you are a new entrant in the realm of trading and brokerage, so many facts will be confusing for you. Getting into the world of trading requires expert assessing skills and thorough understanding. You'll acquire adept at all the concepts of broker as you continue trading. For starters, you need to select the ideal broker who'll be clear with you always.

Within this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment program will create hefty returns. EverFX is just one such platform that will take you and your investment to great heights. It is crucial to understand about EverFX before you trust them with your cash.

EverFX review

Our entire EverFX Review covers everything you will need to know about trading using EverFX. A fantastic broker can multiply your initial investments and provide you positive profits. If you would like to earn profits, you must trade with a brokerage service that aligns with your investing goals.

There's absolutely no sure-fire way to ensure profits; therefore, you must carefully assess your broker before you select them. It is a common misconception that all brokers will be the same, but that is not correct. Wrong judgment, initially, can set your investments in danger.

EverFX is a broker which has paved its way successfully to the brokerage world. In this review, we've attempted to collate some of the vital facets of EverFX. This review will help you to understand whether EverFX is a fantastic match for your investments or not. We have attempted to breakdown all the qualities and charges for your convenience.

EverFX Review, Table Of Contents

Who are EverFX?

EverFX is a foreign exchange broker headquartered in Cayman Islands and provides a variety of instruments for trading. Since its establishment in 2008, EverFX has emerged as a leading player in the field of online broker. EverFX has a highly competitive and full-featured trading site that's focused on currency, indices, metals, stocks and commodities.

Over the past 13 years, EverFX has grown into one of the leading online brokers.

After establishing in 2008, their consumer base is becoming as big as 10,000+ clients.

EverFX is the favorite of many traders.. Our EverFX review discovered that they are an superb choice for automated trading options. It is best suited for investors who are searching for a variety of assets. Social and automated trading solutions are the core 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 array of resources will be beneficial for most traders. Third-party partnerships also supply in-house analysis.

The educational department at EverFX is quite insightful for new traders as it allows them to have a closer look in the financial markets. EverFX caters to all types of traders and are a must-have broker for any well-diversified method of trading.

Benefits of trading with EverFX?

Trading with EverFX comes with numerous benefits. These benefits are what sets EverFX ahead of the rest of the online brokers. You should check all the advantages listed so that you have a better comprehension of EverFX.

The broker goes to great lengths to understand what traders want. As a result, the support cost is low, fast, and convenient. The broker also gives a variety of platforms for all types of traders. EverFX ensures that the individual needs of all online traders are completely met.

EverFX also features excellent trading conditions which are readily available to only an elite class of institutional clients. The tight spreads and fast executions are a fantastic advantage for those traders. The technology embraced by EverFX is of the maximum caliber, making sure that it's fast, dependable, and effective.

EverFX acknowledges the importance of owning a fast order execution. A fast implementation enables users to trade without fretting about slippage safely. It will also aid the dealers to grab the maximum profitable opportunities.

Automated trading is another important aspect of EverFX. A new dealer can learn from business experts using the automatic trading option. The tight spread starts from as low as 0.0 pips, even though they are offered for just razor accounts.

EverFX has over 93 trading instruments to support all kinds of traders. These tools are dynamic and suitable for both the new and seasoned traders. The dealers can set aside all their concerns when trading with EverFX.

EverFX overview

Year Founded: 2008

Regulated By: Cayman Islands Monetary Authority (CIMA)

Hedquarters: Cayman Islands

Minimum Deposit: $10000

Number Of Clients: 10,000+

Your capital is at risk

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 procedures of trading. These tools cover the monetary markets considerably. Most of the broker platforms offer fewer procedures than EverFX

If you want to exchange with EverFX, you will require a minimum deposit of $10000. This deposit is required if you wish to start trading using EverFX. This 2021 EverFX review will guide you clearly about trading with them.

EverFX is as flexible as another brokerage platform. EverFX is excellent for traders that want a manageable assortment of cheap services. The platforms supplied by EverFX are third party, white-label offerings. All traders may choose from MT4,iOS,MacBook,iPhone.

Along with everything, EverFX has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a transaction has to be kept available. The brokers provide premium customer service that rewards customers with benefits.

Many unethical brokers attempt to pressurise customers into larger funding for superior services. EverFX, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be reasonable, 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 quality service wherever they have clients. There are some 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?

Launched in 2006, EverFX has been in operation for 13 years, they are headquarted in Cayman Islands.

EverFX is regulated by Cayman Islands Monetary Authority (CIMA). These figures have rules that make sure that trading platforms have measures in place to keep investor's resources procured. This means that EverFX users do not need to be worried about their money since it is segregated and safely stored in banks that are established. SSL encryption simplifies each user's personal information also.

You are able to make use of a choice for 2 Factor Authentications (2FA) with EverFX for increased security. An SMS with the verification code will be sent to your mobile phone. You will be asked to enter this code to log in to your accounts.

Another concern with financial brokers is in respect to safety may be manipulation of trading. This is highly disadvantageous to consumers on these platforms. However, this is more prevalent in the case of Market Maker agents who compete with users on the platform.

Pro's & Con's Of Trading With EverFX

Every online trading platform has a few ups and downs, and no 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 Pro's

  • 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 Con's

  • 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

EverFX Degiro Burrell Stockbroking Vantage FX
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $10000 $0 $100 $200
Year Founded 2008 1934 1968 2008
Headquarters Cayman Islands Netherlands Australia Australia
Regulated By Cayman Islands Monetary Authority (CIMA) Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB) Malta Financial Services Authority (MFSA) Australian Securities & Investment Commission (ASIC)
Clients 10,000+ 600,000+ 10,000+ 10,000+
Find Out More
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk 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 set of rules for ensuring honest 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 information is to not be shared with any other institutions or individuals. Including credit history and other financial details.

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 that you need to begin on EverFX is $10000. This is a decent amount for people just starting out. It's possible to make more complex residue as you go along. But, make certain 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 bill. The reason for this is that the companies of online brokerages are scaled better. In other words, an internet broker isn't necessarily influenced by the amount of clients they have.

However, this does not mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are mainly three different types of fees for this objective.

The first sort of charges to look out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are charged trading charges. In these instances, you're spending a spread, funding rate, or a commission. The kinds of trading charges and the rates vary from broker to broker.

Commissions can be fixed or dependent on the traded volume. On the flip side, a spread denotes the gap between the buying and selling cost. Financing or overnight rates are those who are charged when you maintain a leveraged position for more than a day.

Apart from trading charges, online agents also bill non-trading fees. These are determined by the actions you undertake in your accounts. They are charged for operations like depositing money, not investing for long periods, or withdrawals.

Generally, EverFX doesn't charge high fees compared to other online agents. For operations other brokers fee for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who regularly trade, such as daily or weekly trading.

However, non-trading fees billed by EverFX are comparatively higher. Consequently, you're billed more for non-trading actions on your trading accounts, like withdrawal and deposits. These aren't related to the sale and purchase of resources.

This EverFX review breaks down every one of the applicable non-trading charges for you in detail.

Compare broker fees against EverFX

EverFX Degiro Burrell Stockbroking Vantage FX
Minimum Deposit $10000 $0 $100 $200
Withdrawal Fees $30 variable $15 0
Inactivity Fees No
Deposit Fees No
CFD Fees

EverFX Review - Withdrawal Fees Explained

EverFX doesn't charge withdrawal fees

Withdrawal of cash is possible at any moment from your EverFX account. You can draw up sums to the amount of your account balance, keeping aside the margin used. 1 thing to keep in mind is that you don't always have to have any cash in your accounts.

In addition, the withdrawn money will be moved directly to the accounts you use to make deposits. Thus, if you used a credit card for deposits, the withdrawn cash is going to be sent into the card. EverFX will ask you to provide other withdrawal methods in case your details have changed since your deposit.

There is a minimum withdrawal amount. In the event you're withdrawing money in various currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the currency you are opting to withdraw in.

EverFX Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is one of those buzzing questions which run through your mind while open an account with EverFX. An inactivity fee is an amount charged to registered dealers that have not engaged in purchasing or selling for some time. The period regarded as inactive is decided by the broker.

The inactivity fee differs from 1 agent to another and isn't generalized. If a traders account doesn't have a buying or selling trade, it's maintained by the broker as an inactivity charge. The traders need to pay this fee under terms and conditions that they had agreed while enrolling.

EverFX doesn't charge inactivity fees so you are free to utilize your account as needed

Even if no charges are implied by EverFX, it is best that you close the account if you're inactive. Inactivity fees aren't just charged by brokerage firms 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 needs to be disclosed clearly by the broker beforehand.

EverFX Review - Deposit Fees Explained

When you move money in your trading account from the bank account, a deposit fee can be charged by the broker. Most brokers do not charge too much money for this particular 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 need to complete a single-user profile survey to start depositing money into your trading account. You'll have to give an identity evidence and proof of residency to deposit large sums.

EverFX Review - Compare Broker Deposit Methods

EverFX Degiro Burrell Stockbroking Vantage FX
Minimum Deposit $10000 $0 $100 $200
Credit Card

What Can You trade With EverFX?

Note: EverFX provides a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered may differ depending 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, Degiro, Burrell Stockbroking & Vantage FX below.

EverFX Degiro Burrell Stockbroking Vantage FX
Platforms MT4, iOS, MacBook, iPhone MetaTrader 4 Desktop, Android, iPhone, Mac MT4
Instruments Available 93 84 65 247
Forex & Crypto
Forex Pairs Available 0
Offers Major Forex Pairs? Yes No No Yes
Offers Minor Forex Pairs? No No No No
Offers Exotic Forex Pairs? No No No Yes
Offers Cryptocurrencies? No No No Yes
Commodity CFD's
Commodities Offered 0 0 0 0
Trade Metals? NO Yes No Yes
Trade Energies? NO Yes No Yes
Trade Agricultural? No Yes No Yes
Indiced & Stock CFDs
Stocks Offered 0 0 0
Trade UK Shares? Yes Yes No Yes
Trade US Shares? NO Yes No No
Trade German Shares? NO Yes No No
Trade Japanese Shares? No Yes No No

Your capital is at risk

Your capital is at risk

Your capital is at risk

Your capital is at risk

Alternatives To EverFX

If, after reading this EverFX review, EverFX does not meet your needs check out these EverFX alternatives.

We've scoured the internet to find the best alternatives to EverFX. Click the hyperlinks below to find out 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 may use this feature to build your faith in the machine as well as yourself and your trading strategies.

If you sign up for a demonstration 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 before you decide to spend your own money.

With this virtual EverFXdemo account, you can experiment in any way, to whatever period you wish. You might also open positions, examine different trading strategies, and more.

EverFX specifies on its official website that you can exchange real time stocks in a demo account.

Is EverFX safe?

It is possible to drop all your worries since we believe that EverFX is totally safe to use. It is in compliance with the principles of Cayman Islands Monetary Authority (CIMA).

Nevertheless, EverFX does not 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 accounts with EverFX. The process is effortless and quick, with various payment methods at your fingertips.

You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You must bear in mind that PayPal isn't available in every country. The monies EverFX

Is my money safe with EverFX?

Yes, your cash is safe and protected with EverFX. As you know, EverFX operates with good conformation to. It has established plenty of steps to protect all its investors.

EverFX safeguards its customers' personal and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.

If you want to further safeguard your account, you can enable Two-Step Verification as well. It requires an SMS affirmation for you to access your account.

Is EverFX trading good?

Yes, trading through EverFX is a pleasant and decent experience indeed. It's an excellent and intuitive platform with helpful features for your ease. Moreover, you can even gain access to a vast selection of educational resources and assistive material to kickstart your trading expertise.

If you are still skeptical, it is possible to open a eToro demo account and assess the trustworthiness of the platform on your own.

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

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 this. The highlight of this platform is its quick order execution on transactions.

You will discover the clean design of this platform and 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 indisputably among the business leaders. It has over 10,000+ registered customers and over 13 years of expertise on its own record. They are one of the world's top trading platforms and a dominant figure in the Fintech revolution.

It simplifies this standing to its incredible platform and wide range of resources plus tools 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?

Through EverFX, several traders earn a lot of cash. However, typically, through continual trading, you can make between 2% - 10% profit a month.

This can look like a small number, but within the entire year, this adds to a significant amount of gains. Even though EverFX provide you all the tools to earn money, they cannot guarantee you will gain.

Does EverFX have fees?

Yes. To start trading with EverFX, you have to deposit $10000. Particular commissions while trading also apply. Any processing fees from your bank will 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 agent with 10,000+ customers.

Where is the EverFX head office?

EverFX has its head office in Cayman Islands

Does EverFX offer negative balance protection?

No. EverFX doesn't provide negative balance protection. If your balance is unfavorable, EverFX indicates you contact customer services. With this, you can fix any imbalances within your account.

Does EverFX offer guaranteed stop loss?

EverFX regrettably, does not provide guaranteed stop loss. EverFX gives a chance for its traders to close their trades at their given price. Aside from that, EverFX does not offer guaranteed stop loss.

Does EverFX allow scalping?

Yes, EverFX do allow scalping. Many traders throughout the world select EverFX due to their scalping services. They offer trading on MT4,iOS,MacBook,iPhone which allow 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.