EverFx review and test – Is it a scam or not?

Review:
Regulation:
Demo account:
Minimum deposit:
Spreads;
4 out of 5 stars (4 / 5)
CySEC (Cyprus), FSA (Seychelles), CIMA (Cayman)
Yes, free
$ 250
From 0.0 pips and $ 6 commission (depending on the account type)

EverFx logo

Are you looking for the best platform to start your trading journey? This review will help you to aware you all the technicalities and necessary details. It will help you decide whether to invest or not with the help of its in-depth analysis of EverFx. Let’s read this review carefully, as this review may change your opinion about this online broker.

In this article, we will show you the trading conditions, platforms, fees, and reliability of this forex broker. With more than 8 years of experience in the trading industry, we know exactly how to find a good trading provider. Is it really worth investing your money there? – Find out in this EverFx review. 

Official website of EverFx

Official website of EverFx

Security and safety
0%
Customer support
0%
Low trading fees
0%

Introduction to EverFx – Broker presented:

EverFx is a trading platform that is providing 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 different financial authority. Mainly the broker is based in Cyprus but got even licenses in Seychelles or Cayman Islands.

EverFx offers multiple account types for the users and has a very unique interface. The process of deposits and withdrawal 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. Investments can be made into the various major company’s stocks. What is also important to know is that EverFx is the official sponsor of SEVILLA FC.

EverFx is a sponsor of Sevilla FC

EverFx is a sponsor of Sevilla FC

Facts about the broker: 

  • International online broker
  • Traders from many countries are welcome
  • Based in Cyprus, Seychelles, and the Cayman Islands
  • Founded in 2013
  • Sponsor of Sevilla FC

(Risk Warning: Your capital can be at risk)

Is EverFx regulated? – How safe is the platform

Regulations and safety is the most important factor that users pay heed while choosing the trading platform. EverFx ensures the security and safety of every kind to the users of its platform. Keeping in view the demands of security and regulations from the users, EverFx has regulated its platform under CySEC with license number 301/16, FSA license number 763.771, and CIMA registration number 4256. Hence, it is a safe platform to start a trading journey.

EverFx is regulated by the CySEC

EverFx is regulated by the CySEC

As you see above the broker is regulated by multiple entities. Furthermore, the broker is using separate bank accounts in Europe to manage customer funds. Only regulated payment methods are accepted where the money can be deposited and withdrawn. Traders who are trading under the CySEC license have insurance up to € 20.000. The website is very safe and encrypted too. You can use a 2-factor-authentification for more safety.

Trading conditions – What can the broker offer?

Trading conditions are the most important thing that users keep an eye on them while investing and choosing at any platform. The trading conditions are a sort of agreement between the users and the service providers.

With EverFx you can expect a free demo account for every user. We recommend using this account first before you deposit any money. With this virtual balance, you can test every feature of EverFx in detail. For trading with real money, you can start at $ 250. The broker is offering different account types for higher deposits. We will in detail later in this review.

EverFx markets

EverFx markets

Trade more than 1,000 markets with the Webtrader, mobile app, or MetaTrader 4:

  • Currencies
  • Commodities
  • Indices
  • Cryptocurrencies
  • Stocks

EverFx attracts users by giving certain offers and promotions depending on the various events. The leverage can be up to 1:500 for retail-traders. But keep in mind the maximum leverage with the CySEC license is a maximum of 1:30. Additionally, a bonus is offered for clients under the FSA or CIMA license:

  • Maximum leverage up to 1:500
  • Bonus up to 30% for entry account
  • Bonus up to 50% for a standard account
  • Bonus up to 70% for a premium account
  • Bonus up to 100% for a VIP account

Spreads and trading fees

Spreads are different for different types of accounts. See the table below:

Account Type: Minimum deposit: Spreads from:
Entry account: $ 2501.5 pips
Standard account:$ 2,5001.2 pips
Premium account:$ 10,0000.8 pips
VIP account: $ 50,0000.0 pips + $ 6 commission per lot

Overall, we can say the trading conditions are quite good for traders but the trading fees are higher than most competitors. EverFx seems to be a solid broker for investing in the financial markets.

Summary of the trading conditions:

  • Free demo account
  • Minimum deposit from $ 250
  • Different account types for better trading conditions
  • Leverage up to 1:500
  • More than 1,000 different markets
  • MetaTrader 4, Web-Trader, mobile app
  • Spreads are depending on the account type
  • Free bonus is possible

(Risk Warning: Your capital can be at risk)

Test of the trading platform of EverFx

All the trading brokers aim to provide peaceful and smooth trading platforms to the people. 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.

There is also the option of entering into the lucky draw. The middle of the platform has a search bar of markets, where users can search their desired market trades. On the top right side, there is a deposit option to deposit the funds. There is a language selection option in the right corner. On scrolling the main page, there are top gainers in the 24 hours and my open orders.

EverFx trading platform

EverFx trading platform

 Following are the trading platforms offered by the EverFx:

  • EverFx MT4
  • Web-trader
  • Social trader
  • Mobile trader

Everfx MT4

MT4 is the most popular trading platform that offers a variety of functions at the same moment. This helps the users in making the trading easy for the new traders and users. The platform provides robust security, technical, and fundamental tools for analysis.

Social trader

Social trading is the next big thing in the trading market. This platform rules out the process of reliable trading information. With the help of this platform, the users can get to direct talks with skilled traders.

Mobile trader

EverFx offers a mobile trading app platform that helps users to manage their trades, while they were out and during emergency trading conditions of the market. 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.

EverFx mobile trading

EverFx mobile trading

Web-trader status

It is a most ambitious platform that only few trading brokers are offering to their users. The platform is like computer software, which users can use to study, position, and track and edit trades. Web trader status platform makes trading easy for the new traders.

Charting and analysis

No one can deny the importance of charts and technical analysis when it comes to becoming a professional and competent trader. EverFx has kept its promise with the users to help them in teaching trading. The platform has taken great efforts to help its users in making them competent traders by providing access to the technical and fundamental analysis that provides immense help. EverFx provides different types of charts to have a better understanding of selected charts.

  • Multi-charting is possible
  • Multiple chart types
  • Free indicators
  • Analysis tools
  • Perfect for technical analysis
  • MetaTrader 4 support automated trading

How to learn trading with Everfx?

EverFx has provided great technical knowledge to its users with the help series of services offered to its users. The platform assists the users to help in their trading in the following ways:

  • Copy-trading
  • Technical and fundamental analysis
  • Newsroom and videos
  • Economic calendar
  • EverFx academy
  • Trading central

Copy-trading

EverFx has provided a great feature of copy trading that helps the new users to copy the trades of experts and take some handsome profit for it. This feature is becoming more and more popular among new traders.

Technical and fundamental analysis

Technical and fundamental analysis is the backbone of the trading. These analyses and important news help the traders to take necessary precautions while trading. EverFx provides analysis free to their users to help them grow.

Newsroom and videos

The platform believes that knowledge is the power that makes people skilled and great. EverFx provides access to important news and educational videos that greatly help the users and have an immense impact on the trading of users. It also provides a basic overview of the platform.

Economic calendar

EverFx makes people aware of all upcoming and recent major events and developments that can impact the market. Hence, it helps the users to become vigilant in their trading.

EverFx economic calender

EverFx economic calender

Everfx academy

EverFx academy assists users by commencing trader’s improvements sessions. The platform provides live guiding trading sessions with top-level traders and experts.

Trading central

Trading Central provides immense help in facilitating users. It helps the users in getting financial advice and better investment opportunities and beneficial trading techniques.

EverFx Trading Central

EverFx Trading Central

(Risk Warning: Your capital can be at risk)

Opening account at Everfx

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.

The user has to check the terms and conditions and not a resident of the US for tax purposes. After logging into the account, the users need to give proof of identity and have to verify their addresses. The users can get access to all the features after verification of the profile.

Opening an account with EverFx

Opening an account with EverFx

Account types

EverFx provides multiple types of accounts depending upon the features. Each account type has its own features and benefits. Here, let’s discuss each account type details. Following are the account types offered by EverFx:

  • CySEC types
  • CIMA types
  • FSA types
Regulation authority accounts

Regulation authority accounts

CySEC Types

Premium Account

Following are the features of the premium account by EverFx:

  • The minimum deposit is 5,000
  • Base currency USD,EUR,GBP
  • Minimum spread from 0.8 pips
  • Other charges
  • No commission

Standard account

Following are the features of the standard account by EverFx:

  • The minimum deposit is 250
  • Minimum spread from 1.2 pips
  • Base currency USD, EUR, GBP
  • Other charges
  • No commission

VIP account

Following are the features of the VIP account by EverFx:

  • The minimum deposit is 30,000
  • Minimum spread from 0 pips
  • Base currency USD, EUR, GBP
  • Free VPS
  • Commission $2 per one lot traded
  • $4 per round lot

CIMA types

Entry account

 Following are the features of the Entry account by EverFx:

  • The minimum deposit is 250
  • Minimum spread from 1.5 pips
  • Maximum leverage up to 1:500
  • Bonus up to 30%
  • Customer support 24/5
  • Intro call from a personal account manager

Standard account

Following are the features of the standard account by EverFx:

  • The minimum deposit is 2500
  • Minimum spread from 1.2 pips
  • Maximum leverage up to 1:500
  • Bonus up to 50%
  • Customer support 24/5
  • Personal account manager

Premium Account

Following are the features of the premium account by EverFx:

  • The minimum deposit is 10,000
  • Minimum spread from 0.8 pips
  • Maximum leverage up to 1:400
  • Bonus up to 100%
  • Customer support 24/5
  • Personal account manager
  • The monthly session with a senior market analyst

VIP account

Following are the features of the premium account by EverFx:

  • The minimum deposit is 50,000
  • Minimum spread from 0 pips
  • Maximum leverage up to 1:200
  • Bonus up to 100%
  • Customer support 24/5
  • Commission $6 per lot
  • Dedicated personal account manager
  • A weekly session with a senior market analyst
  • Exclusive trading strategies
  • Development of an individual business plan

FSA types

Entry Account

Following are the features of the Entry account by EverFx:

  • The minimum deposit is 250
  • Minimum spread from 1.5 pips
  • Maximum leverage up to 1:500
  • Bonus up to 30%
  • Customer support 24/5
  • Intro call from a personal account manager

Standard account

Following are the features of the Standard account by EverFx:

  • The minimum deposit is 2500
  • Minimum spread from 1.2 pips
  • Maximum leverage up to 1:500
  • Bonus up to 50%
  • Customer support 24/5
  • Personal account manager

Premium account

Following are the features of the premium account by EverFx:

  • The minimum deposit is 10,000
  • Maximum leverage up to 1:400
  • Bonus up to 70%
  • Customer support 24/5
  • Personal account manager
  • A monthly session with a senior market analyst

VIP account

Following are the features of the VIP account by EverFx:

  • The minimum deposit is 50,000
  • Minimum spread from 0 pips
  • Maximum leverage up to 1:200
  • Bonus up to 100%
  • Customer support 24/5
  • Commission $6 per lot
  • Dedicated personal account manager
  • A weekly session with a senior market analyst
  • Exclusive trading strategies
  • Development of an individual business plan

(Risk Warning: Your capital can be at risk)

EverFx free demo account is offered

Like all the brokers in the trading world, EverFx has also provided the facility of a demo account to help the traders in trading and make them confident and potent traders by providing virtual funds of amount around 10,000 USD.

Negative balance protection

Negative balance insurance essentially acts as a stop loss on your savings, restricting the amount of capital you have invested in the account to your future losses. EverFx also provides the feature of the negative balance of protection to help the users to trade wholeheartedly without any fear of getting the balance into negative.

Deposit and withdrawals

Deposits and withdrawals are important features in the trader’s life. 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.

EverFx payment methods

EverFx payment methods

Deposit methods:

Following are the deposit methods offered by EverFx platform:

  • Visa
  • MasterCard
  • PayPal
  • Bank transfer
  • Skrill
  • Sofort
  • Giropay
  • Trustly

Deposit conditions of different account types.

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.

Following are the deposit conditions of different accounts:

  • Credit card minimum deposit is 250 EUR
  • Skrill minimum deposit is 250 EUR
  • Neteller minimum deposit is 250 EUR
  • Bank Transfer deposit is 250 EUR
  • Credit card minimum deposit is 250 EUR

Withdrawal conditions:

Following are the withdrawal conditions of EverFx:

  • The withdrawal fee is 3% on credit cards and e-wallets
  • Bank transfer is 0%
  • Payouts are made within 1 – 3 working days
  • Fast and secure withdrawals

Customer support and services

EverFx has very vibrant customer support for its users. Customer support is considered to be the backbone of any business. Hence, the team is determined to take care of their users at each step. EverFx provides the following ways to contact them through various mediums. Following are the methods of customer support offered:

E-mail:

The users can ask their queries at this e-mail [email protected]

Live chat

The users need to ask their questions at the platform at live chat to facilitates the users instantly

Phone:

Request a call back from EverFx

Telephone: +134 576 955 71, +357 25 885000

Social media accounts

Social media has become a great advertising and influencer tool in the modern world. To make people familiar with the platforms and recent news are posted on the social media platforms to make users aware of the latest details about the platform. Following social media platforms are used to update the latest updates of EverFx and their links are given below.

Accepted countries and restricted countries

EverFx has the vision to expand more and deliver quality services to its users. Following are the accepted and restricted countries.

Accepted Countries

Following is the list of accepted countries

  • Denmark
  • United Arab Emirates
  • Thailand
  • Kuwait
  • Luxembourg
  • Qatar Norway
  • Sweden
  • Italy
  • South Africa
  • Singapore
  • Hong Kong
  • India
  • France
  • Australia
  • United Kingdom
  • Germany
  • And many more

Not Accepted countries

  • Belgium
  • United States
  • Canada
  • Iran

Free bonus and promotions:

Bonus and promotions attract the users the most, as the platform gives different types of offers and promotions through various methods like promo code, deposit bonuses, and other bonuses as well.

Trading bonus 30%

  • Rebate is paid into your account and can be withdrawn
  • Receive 2$ rebate for every ten-round lot traded on CFDs on indices
  • Receive 2$ rebate for everyone round turn lot traded on FX and CDFs on commodities
  • Receive up to 100% rebate bonus depending on the club (max 10k)

Loyalty point 20

  • Points are accumulated for every trade placed and can be exchanged for gift or cash payable to your account
  • Gift availability depends on the country of residence
  • Receive for every trade you place and exchange them for a gift in our shop

Interest rate 5%

  • Maximum deposit upon which interest is paid, 50k currency units
  • Interest is paid on the currency of the account
  • Interest rate installment are paid daily into your account and can be withdrawn
  • Receive up to a 10% annual interest rate on your deposit, depending on your club membership

Conclusion on our EverFx review: No scam detected

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. We detected no scams on this broker. Many traders are satisfied with the service. The platform offers different types of account types with unique features. EverFx offers diverse payment methods and has a multi-lingual trading platform.

Deposit and withdrawal methods are instant and secure. The support team is active and assists users in multiple ways. It offers promotions and bonuses of different types to the users. Hence, EverFx is a Good platform to learn and earn through the various services it offers to the users.

EverFx is a trusted online broker (stamp)

Advantages of EverFx:

  • Regulated broker
  • Personal client support
  • Fast and reliable execution
  • Multiple funding methods
  • Multi-lingual platform
  • 5 platforms for trading
  • Investments in big companies stocks
  • Negative balance protection
  • Segregated clients funds accounts
  • High leverage up to 1:500

EverFx is a reliable online trading platform with competitive conditions. It offers high leverage for everyone. 4 out of 5 stars (4 / 5)

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(Risk Warning: Your capital can be at risk)