EverFX Review (2023)

What is EverFX?

EverFX was founded as a Cyprus Broker, as well as the one who serves entity in Cayman Islands with the principle to provide an equal chance to succeed in the trading world that is built on a strong foundation of knowledge. The broker with its conditions truly ensures that each client receives a good trading environment, innovative platform understanding and ongoing achievement of the targets.

Instruments

The trading instruments offering diverse Forex and CFD trading that includes 50+ currency pairs, 70+ stocks on the biggest brands, 10+ indices from Europe, Asia, Australia or US, 8+ metals by trading spot gold, copper and platinum, as well as the 3+ energies.

Education

Together with diversified portfolio, EverFX offers high-level support and a commitment to honest and transparent services, while also delivers education and customer support to every signed client.

The leering sources feature vast of necessary data to novice or experienced trader through online webinars, video tutorials, market news, technical analysis tools to better forecast, e-books, fundamental analysis with politics and economics shaping and glossary with trading terms.

Is EverFX safe or a scam?

The EverFX is a brand name used by the ICC Intercertus Capital Ltd, which is a Cyprus registered company, respectively EU regulated investment firm registered with CySEC. The company holds an issued license that is operated and maintained with standards of the MiFID (Markets in Financial Instruments Directive) European authority.

Additional entity of EverFX is located in the Cayman Islands and is registered with local CIMA, however, being an offshore zone this entity does not prove its reliable status on its own. Yet, together with regulation from Europe makes EverFX as a broker which complies to regulatory requirement and offers legit conditions.

The complete security of funds along with the clients’ protection established in numerous ways, as the regulatory requirements set various rules that are mandatory to be followed, thus the clients rest assured about the procedures.

The money always segregated, means unreachable to the company, as well as the client will participate into compensation in case of the company insolvency. Apart from its constant audit and prof of indemnity.

Trading Platforms

Industry standards in online trading require a powerful platform to execute orders, thus the EverFX decided to mainstay at the market leader – MetaTrader4. A solid and dependable platform delivers a wealth of features, advanced charting and customization along with auto-trading capabilities.

The software developed to satisfy almost any demand enables to trade from any location at anytime by the designed applications suited to any device.

In addition to the pioneer functions of the MT4, the clients can receive daily technical and fundamental analysis data that is streamed into the news section. Another professional tool which is offered for free use to every trader is – Autochartist.

In addition, the EverFX offers another great possibility ZuluTrade, which is a market leading copy portfolio software allowing either to copy professional traders or to become one. This opportunity is an amazing social trading feature, which brings vast possibilities to learn, trade and profit from it.

Moreover, EverFX powers the MT4 to free VPS hosting, which allows running EAs constantly with no interruptions in a protected environment. Yet, in order to use it for free, the trader should comply with the terms of use. The minimum deposit or maintenance of the account should be 5,000$, otherwise, the clients can claim VPS hosting fee 20$ a month.

Accounts

The account types of the EverFX offer both demo and live trading accounts that gives exactly what you may look for, regardless of the level of the experience. While opening an account with EverFX you will receive professional trading conditions, fast execution and customer support along with a choice between three accounts Standard, Premium and VIP.

Each of them features differences between balance maintenance and applicable costs. Besides, the dedicated account manager supports the Premium and VIP investor at any time with convenience, personal analyst possibility and advanced features.

Fees

Since there are three account types, so you will have an option either to trade with Standard feature and costs built into a tight spread from 1.2 pips, or to sign for Premium service good for active traders and trade with better spread quotes from 0.8 pips also with no commission.

Lastly, VIP account brings you full benefits of ECN trading with raw spreads from 0 pips and commission of 4$ per round, so the choice remains at your disposal which account type and conditions to choose.

You may see below an example of some spreads and conditions on rollover below.

Moreover, the traders of the Islamic believe can engage in the trading with EverFX too, since there is an option to open Swap-free account.

Leverage

As for the Leverage levels, as usually they are defined by the regulatory restrictions and therefore comply to the European laws, due to the EverFX registration. European authority ESMA set a lowered levels which may offer maximum of 1:30 for Forex instruments, 1:10 for Commodities and 1:5 for Cryptocurrencies.

However, since EverFX presented also in offshore zone Cayman Islands, trading with this entity can entitle you for higher leverage up to 1:500, yet it will always depend on your residence as well, so make sure to check these details with customer service.

Payment Methods

Fast and secure payments for funding and withdrawals are always at the paramount priority of every client, thus the EverFX performs choice between a variety of the methods.

Withdrawal fee

For instance, the broker supports instant payment options via Visa, MasterCard with 0% commissions for deposits and 3% fee for withdrawal, while E-wallets Skrill, Neteller with 2 and 3% accordingly for withdrawals.

Nevertheless, the Bank transfers deliver commission free withdrawal to the traders, yet this means the company does not charge any fees but the Bank provider may incur some costs for the transaction itself.

Minimum deposit

The minimum deposit which will allow you to start with a Standard account requires only 250$ as the very beginning. Higher account types will demand more money, yet with a quite reasonable amount the first level account remaining at your disposal.

Conclusion

EverFX review presents a brokerage company, which relies on the fair trading services to deliver the opportunity to every trader to potential success. The range of account types, platforms along with advanced tools and convenient customer supports enables it all becomes true.

While the trading costs are among the average as well, while there is no any misunderstanding due to the company Market execution model as a STP Broker.

Overall, the EverFX option is nice to consider and good to have. Yet, we would be glad to hear your personal opinion about EverFX, you may add a comment below or ask for additional info.

EverFX Updates

EverFx websites for both entities EverFX Cyprus and EverFX Global are not reachable. Cyprus regulated mothercompany ICC Intercertus Capital Ltd now operates new brand Axiance.  For EverFX we recommend stay allerted and make your own research in case any offering from EverFX appears.