What is EverFX?
EverFX is a global online broker that provides forex and CFD trading services to retail and institutional clients. The company is headquartered in London, UK and has offices in Australia, Cyprus, Malta, and the Seychelles. EverFX is regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC) in Australia.
EverFX offers a range of trading platforms including MetaTrader 4, WebTrader, Mobile Trader, and Social Trader. The broker also provides a suite of tools and resources for traders including an economic calendar, market news, analysis & commentary from experts, as well as a range of educational materials.
Account Types
EverFX offers three types of live trading accounts: Standard, ECN Zero, and ECN Pro. Standard accounts have a minimum deposit of $500 and offer spreads from 3 pips on major currency pairs. ECN Zero accounts have a minimum deposit of $5,000 and offer spreads from 0 pips on major currency pairs but with a $4 commission per lot traded. ECN Pro accounts have a minimum deposit of $25,000 and offer raw spreads from 0 pips on major currency pairs with no commission charged per lot traded. All account types are denominated in USD but can be funded in other currencies such as EUR or GBP.
everfxpros:
-Offers MT4 trading platform
-Offers three account
The Different Types of Accounts Offered
EverFX is a global online brokerage offering trading in Forex, Cryptocurrencies, Indices, Commodities & more. They offer a variety of account types to suit the needs of all types of traders.
The different types of accounts offered are:
1) Standard Account: This is the most basic account type and is ideal for beginners. It requires a minimum deposit of $500 and gives you access to all the features and assets that EverFX offers.
2) Silver Account: The silver account requires a minimum deposit of $5000 and gives you access to all the features and assets that EverFX offers, as well as some additional benefits such as a dedicated account manager and lower spreads.
3) Gold Account: The gold account requires a minimum deposit of $25000 and gives you all the features and benefits of the silver account, as well as some additional benefits such as VIP customer support and priority withdrawals.
4) Platinum Account: The platinum account requires a minimum deposit of $50000 and gives you all the features and benefits of the gold account, as well as some additional benefits such as a personal broker and custom trading solutions.
The Pros and Cons of EverFX
There are a lot of online brokerages out there, and EverFX is one of them. But what exactly is EverFX, and what are the pros and cons of using this broker? In this article, we’ll take a look at EverFX and give you an honest overview of the pros and cons, as well as our own trader rating.
EverFX is an online brokerage that offers forex and CFD trading. They are based in Cyprus and are regulated by CySEC. EverFX has been around since 2014, so they’re not a new broker by any means. They offer a wide variety of currency pairs to trade, as well as a good selection of other assets like commodities, indices, and cryptocurrencies.
One of the biggest advantages of EverFX is their customer service. They have 24/7 support available through live chat, phone, or email. Their customer service agents are friendly and knowledgeable, and they’re always happy to help with anything you need.
Another big plus for EverFX is their trading platform. They offer both the popular MetaTrader 4 platform as well as their own proprietary platform, which is very user-friendly and easy to use. The proprietary platform also has some unique features that can be helpful for traders, such as social trading and advanced charting tools.
On the downside, one thing we didn’t like about EverFX is their deposit/withdrawal process. It can take up to 5 days for your deposit
What to Consider When Choosing an Online Broker
When it comes to online brokers, there are a few things you need to take into consideration in order to find the right one for you. Here are a few things to keep in mind when choosing an online broker:
-Commission and Fees: Make sure to compare the commission and fees charged by different online brokers. You don’t want to end up paying more than you have to in fees.
-Trading Platforms: Different online brokers offer different trading platforms. Some platforms may be more user-friendly than others or offer more features. It’s important to find an online broker that offers a platform that meets your needs.
-Customer Service: If you have any questions or problems, you’ll want to be able to get in touch with customer service easily. Make sure the online broker you choose has good customer service.
-Research and Education: Some online brokers offer more research and education resources than others. If you’re new to trading, you may want to choose an online broker that offers more resources to help you learn about trading.
EverFX Review
EverFX is a global online brokerage firm offering trading in a wide range of financial instruments including forex, CFDs, indices, commodities and more. EverFX is headquartered in Mauritius and has offices in South Africa, Spain, the United Kingdom and Australia. The company is regulated by the Financial Services Commission of Mauritius and offers its services to clients from around the world.
EverFX provides its clients with a choice of two types of trading accounts – Standard and ECN. Both account types offer leverage of up to 1:500 and margin requirements starting from 0.5%. Spreads on Standard accounts are floating from 2 pips while those on ECN accounts start at 0 pips with a commission of $3 per lot traded. EverFX also offers Islamic (swap-free) accounts which are available to clients of all religious backgrounds.
To deposit funds into an EverFX account, traders can use a wide range of methods including credit/debit cards, bank wire transfer, e-wallets such as Skrill and Neteller, as well as UnionPay. Withdrawals are processed quickly and efficiently through the same methods used for deposits.
EverFX provides its clients with access to the powerful MetaTrader4 (MT4) trading platform which is available for desktop, web-based and mobile devices. MT4 is one of the most popular trading platforms in the world and is packed with all the features that traders need to analyse markets and place trades
Conclusion
EverFX is a reliable and user-friendly online broker that offers a wide range of features and services to its clients. While it does have some drawbacks, such as high spreads and a lack of customer support, EverFX more than makes up for it with its tight security, low fees and excellent trade execution. Overall, we would rate EverFX as a great choice for both novice and experienced traders alike.