EVFX Review

What is EVFX?

EVE, or EVFX, provides Electronic and Voice Access to Foreign Exchange Spot and Forwards markets.

EVFX has been a professional brokerage firm since its inception and, since 2011, EVFX offers solutions to access the FX markets as well as many other electronic venues.

EVFX continues to provide its unparalleled access to the best market liquiditythrough agency voice desks and the choice of spot and option platform options.


Broker: EVFX

Minimum deposit: 500 US$

Leverage: 1:30

Regulator: FCA

Year: 2011

Platforms: Currenex, FastMatch, Integral, FXall, digitalvega, hotspotFX, solidFX, FXCMPRO, FXONE

HQ: UK


EVFX licenses:

Electronic and Voice Exchange Ltd. - Authorized by FCA UK registration number. 470325

Overview

EVFX is a trusted broker that adheres to good regulations. This offering offers a unique solution that includes a wide range of platforms and instruments as well as various liquidity providers.

EVFX is not recommended for beginners or small-sized traders. There is also no education.


Pros

  • Strictly regulated

  • Advanced, competitive trading conditions offered

  • The choice between three customizable accounts

  • Trading conditions are customizable according to the trading needs of the trader

  • Advanced trading platforms offered


Cons

  • No US clients

  • Truly little information available on accounts and trading conditions

  • MetaTrader 4 and MetaTrader 5 not offered


Rating of the company overall

  • Reliability ⭐⭐⭐⭐

  • Platform ⭐⭐⭐⭐

  • Commissions ⭐⭐⭐⭐

  • Support ⭐⭐⭐⭐

  • Financial instruments ⭐⭐⭐⭐⭐

RATING: 4.2

Is EVFX a scam or safe?

EVFX isn't a fraud. EVFX is a UK-based company and performs and delivers services in full compliance with all laws and regulations. Electronic and Voice Exchange Limited (EVE), is registered in England with Company and is licensed and regulated by Financial Conduct Authority (FCA).

FCA is a respected authority that supervises UK financial companies. The FCA set rules require that the broker maintain significant adequacy capitalalongside the necessary operating standards to protect investors.

This regulatory status means that clients' money is kept separate from company funds. Clients are covered under the Scheme that covers them in the event of company insolvency.

Trade Instruments

EVFX gives you access to trading markets, including spot FX, Precious Metals and forwards. It also offers NDFs and options trading. Futures and Equity exchanges are available, CFDs.

The broker offers impressive advanced trading software in addition to the wide range of markets and many options for execution orders and trading. You can also rely on the EVFX for reliable support and continuous support. This will ensure that you get the best trading experience possible.

Leverage

The broker may give leverage to traders as a loan. It allows you to trade more capital than your initial balance. However, it is very useful and should be used with care. European ESMA has recently updated its regulations to limit leverage to 1:30. This is because it can magnify losses as well as increase gains.

  • The EVFX is eligible to offer a maximum 1:30leverage, while professional traders may be able to apply for higher levels by confirming their status. The leverage levels will vary depending on which account you have, and there may be a variation in your margins.


Accounts

There are three types of account that offer investment opportunities for professionals, retail clients, and institutional clients. However, all accounts can be found suitable conditions with the right technology or services. The account types can be categorized by investors' portfolios, trading instruments and platform options.

Fees

EVFX trading costs can be divided in the same way as account types. This is based on the trader’s expertise, the volume traded, and the trading method along with the NDD or ECN execution system that offers competitive spreads. The Account types can be tailored to your specific needs and are customizable to meet your investment trading requirements.

Payment Methods

The EVFX does not provide a wide variety of payment options or methods. This is because the trader can transfer money to and from his account using a range of payment options. The most popular Bank Wire Transfer and Cards payments are available all the time and are actually the most secure and convenient payment options for any transfer.

Minimum deposit

EVFX requires a minimum deposit of 500$ and, depending on the type of account you open, the trading conditions that will be applicable together with customer service.

EVFX Minimum Deposit vs Other Brokers


Withdrawals

Request your withdrawal EVFX via your trading account and offer Bank Wire and Card payments. Broker doesn't charge additional fees for withdrawals or deposits . However, your payment provider might charge fees for certain transactions.

Trade Platforms

EVFX is the leading trading software provider. It offers a comprehensive and broad range of platforms, all centralized from one back office. All transactions, regardless of platform, are reported to the office system, giving clients a One Stop Shop solution. EVE offers a variety of electronic trading platforms to suit all traders, including Spot and Forwards.

More specifically, FX platformsavailable from EVForex include Currenex and FastMatch. Integral. FXall, digitalvega. FXall. FXCMPRO. FXONE. API Tradingwhich offers almost unlimited trading opportunities for every trader, regardless of their level or experience.

If you prefer to trade Futures or Equities platforms, these are the most popular platforms. The electronic transaction model provides the best performance and the highest level of user experience. traders of all sizes and strategies can trade on the many platforms that offer a wide range of options and are tailored to their individual needs.

You also have the option of Voice Trading. EVE's voice desk offers clients the ability execute transactions with significant size and sensitivity.

EVE provides both traditional Agency- and Margin options, as well as Exotic currencies (including NDF's, Non-Deliverable Forwards), and options strategies that are not supported electronically, but still available for potential benefits.

Conclusion

EVForex reviews show that the broker is based in the UK, which offers a variety of platforms to suit different trader needs. This company operates on a pure agency model and acts only as a broker. This is a great advantage. Although the broker does not provide much information about trading costs or conditions, it is clear that professional traders will meet their trading needs with EVFX's wide range of platforms and the low costs that the EVFX customized solution will offer.