EverFX broker review
EverFX is one of a few brokers providing NDD trading opportunities in almost all countries of the world. EverFX servers are located across five continents, which enables seamless connection between the broker, the liquidity providers, and the agents.
- The company is headquartered in Cyprus and is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), with license number 301/16), fully compliant with MiFID;
- CySEC regulation enables client deposit insurance covering up to EUR 20,000 per client. Funds are secured by the Investor Compensation Fund (ICF), created and managed by CySEC.
EverFX: A Professional Broker
EverFX offers both traditional trading instruments, such as over 50 currency pairs, CFDs on stocks, indexes, metals, and crude oil, and more exotic assets, such as futures and bonds. The broker features STP-based instant market execution, which connects the client directly to the liquidity provider, thus removing any conflit of interest related issues.
- Standard: Minimum deposit: $300, commission per lot: $3;
- Premium: Minimum deposit: $5,000, commission per lot: $2.50;
- VIP: Minimum deposit: $20,000, commission per lot: $2, personal account manager.
For both Premium and VIP account holders, there's a free VPS server option available. Trading is based on the famous MT4 platform, which has a mobile and tablet version as well. EverFX support can be contacted anytime, as it works 24/5, and the highly trained staff will be happy to answer any questions you may have.
EverFX Trading Conditions:
- Leverage up to 1:500;
- Margin Call: 50% for Standard and Premium accounts, 80% for VIP accounts;
- Spreads starting from 0 pips.
Beginner traders will find basic eduction materials available on EverFX website, such as ebooks, videos, and the glossary of terms. It should be noted these educational materials are mostly for starters and probably do not fit professional traders. EverFX also holds free contests and tournaments for demo account holders: stay tuned and monitor their website, as info on promos is updated every now and again.
Depositing on EverFX is easy and can be done via credit or debit cards, wire transfers and e-wallets. You can choose the currency of account within EUR, USD, GPB, CHF, AUD, JPY, and the amount is credited to your account maximum within an hour (except transfers). If you send a deposit in another currency (i.e. Rubel), you will have to allow up to 5 days for your funds to appear on your trading account.
EverFX has not been in the market for too long yet; however, the company has already managed to gain reputation of a reliable partner. Its key advantages are low fees, high speed execution, and full transparency. The broker is committed to attracting new clients and increasing trade volume, and this can only be achieved by utmost responsibility and honesty. Besides, EverFX offers the best ECN and STP technologies for professional trading.
- No trading strategy limitations: Scalping, EA's etc. allowed
Furthermore, with MT4 tools you can create your own EA's, trading systems, and indicators
- $100,000 Demo Account with no real money deposit
EverFX has some of the lowest fees and commissions in both Europe and Asia
- You may maintain any number of open positions simultaneously
A medley of promotions and bonuses, which are constantly updated (e.g. A month of commission-free trading with tight spreads)
- Withdrawals are processed within 24 hours
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