EverFX Review
Broker: EverFX
Leverage: 1:30
Regulation: CySEC
Min. Deposit: 250 US$
HQ: Cyprus
Platforms: MT4, Status
Found In: 2016
Website: everfx.com
EverFX Licences
ICC Intercertus Capital Ltd – authorized by CySEC, (Cyprus).registration number. No longer available, new brand Axiance
ICC Intercertus Capital Limited - Authorized by CIMA(Cayman), with license no. 144486
What is EverFX?
Ever FX purpose is to give everyone equal chances to succeed in the trading industry. With its terms, the broker ensures that every client has a great trading environment, an understanding of the platform and continuous achievement of targets.
Overview
EverFX was established as a Cyprus Broker and as an entity that serves the Cayman Islands.
Pros
Excellent research tools
Excellent educational tools
Popular trading platforms
High leverage
Cons
Hidden maintenance fees
Offshore regulation
Rating of the company overall
Reliability ⭐⭐⭐⭐⭐
Platform ⭐⭐⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐⭐⭐
Financial instruments ⭐⭐⭐⭐⭐
RATING: 4.5
Instruments
Trading instruments that offer Forex and CFD trading.
Education
EverFX, along with its diverse portfolio, offers high-level support and a promise to honest, transparent services,while also providing education, customer supportto all clients.
Leering sources provide a wealth of information for novice and experienced traders through video tutorials, online webinars, market news, technical analyses tools to better predict, e-books and fundamental analysis that includes politics and economics shaping.
Is EverFX a scam or safe?
The brand name EverFX is used by ICC Intercertus Capital Ltd. This is a Cyprus-registered company and EU-regulated investment firm registered with CySEC. The issued license is maintained and operated in accordance with the European standards of MiFID (Markets in Financial Instruments Directive).
An additional entity of EverFX can be found in the Cayman Islands. It is registered with CIMA. However, this offshore entity cannot prove its reliability. EverFX is a broker that complies with European regulations and provides legit conditions.
Clients can rest assured that the regulations will ensure their funds are secure and protected.
The money is always kept apart, which means that it is not reachable by the company. Insolvency will also result in compensation for the client. It is subject to a constant audit and profess of indemnity.
Trade Platforms
Online trading requires a strong platform that can execute orders. EverFX has decided to remain the market leader in online trading, MetaTrader4. A solid platform with advanced charting, customization, and auto-trading capabilities.
Software that can satisfy nearly any demand allows you to trade from anywhere at any time using the applications that are suited for any device.
Clients can also access the pioneer functions of MT4 and receive daily technical analysis data. This data is then streamed to the news section. An additional professional tool that is available for free to all traders is Autochartist.
The EverFX also offers the opportunity to use ZuluTrade which is a leading copy portfolio software that allows you to either copy professional traders or become one. This amazing social trading feature offers a wealth of opportunities to trade, learn and profit.
EverFX powers MT4 to free VPS hosting . This allows EAs to run continuously in a protected environment with no interruptions. However, trader must comply with terms and conditions to be able to use the service for free. Clients can claim VPS hosting fees of 20$ per month if they do not deposit a minimum amount or maintain the account.
Accounts
EverFX offers both live and demo trading accounts. This allows you to get exactly what you need, no matter your level of experience. EverFX offers professional trading conditions, quick execution, customer support, and the option to choose from three accounts: Premium, Premium, and VIP.
There are differences in the applicable costs and balance maintenance for each of these accounts. The dedicated account manager is available to assist Premium and VIP investors at all times with convenience, personal analysis possibility, and advanced features.
Fees
There are three types of accounts. You can choose to trade with standard feature and costs that are built into a tight spread starting at 1.2 pips or sign up for Premium service for active traders. This will allow you to trade with better spreads starting at 0.8 pips and comes with no commission.
VIP account offers you all the benefits of ECN trading, including raw spreads starting at 0 pips, and a commission of 4$ per Round. So, you have complete control over which account type and terms to choose.
Below is an example of spreads and conditions for rollover.
The traders from the Islamic faith can also trade with EverFX since they have the option to open a Swap-free account.
Leverage
The EverFX registration defines the Leverage levels. They are usually defined by regulatory restrictions. The European Authority ESMA established a lower limit that may allow maximum 1:30 Forex instruments, 1:0 for Commodities, and 1:5 Cryptocurrencies.
EverFX is also available in the offshore Cayman Islands so trading with it can give you higher leverage up to 1:1500. However, this will depend on where you live, so be sure to contact customer service to verify these details.
Payment Methods
EverFX offers a range of payment options to ensure clients receive quick and secure funding and withdrawals.
Withdrawal fee
The broker supports instant payment options through MasterCard, Visa with 0% commissions on deposits and 3% for withdrawals . E-wallets Skrill and Neteller have 2 and 3% respectively for withdrawals.
The Bank Transfers provide commission-free withdrawal to traders. However, this does not mean that the company has to pay any fees, but the Bank provider might incur some costs.
Minimum deposit
A minimum deposit of 250$ is required to open a Standard Account. Higher account types may require more money but you will still have a reasonable amount of funds for the first account.
Conclusion
EverFX review focuses on a brokerage that relies upon fair trading servicesto provide every trader with the chance to succeed. It all comes true because of the variety of accounts, platforms and advanced tools as well as the customer support that is available.
The trading cost is comparable to that of the average, but there are no misunderstandings due to the company Market execution model.
The EverFX option is worth considering and a good thing to have. We would love to hear from you about EverFX. You can leave a comment or request additional information.
EverFX News
The EverFx websites of EverFX Global and EverFX Cyprus are not accessible. Cyprus regulated mothercompany ICC Intercertus Capital Ltd operates new brand Axiance. EverFX Global is not reachable.