EverFX Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $250
- MT4
- Status
- 2013
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $250
- MT4
- Status
- 2013
Our Evaluation of EverFX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
EverFX is a high-risk broker with the TU Overall Score of 2.25 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by EverFX clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. EverFX ranks 389 among 417 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
EverFX is a broker for those who prefer classic trading combined with high speed and reliability.
Brief Look at EverFX
EverFX Global (EverFX) is a broker that is a structural subdivision of the international corporation ICC Intercertus Capital Ltd. The head office is located in Cyprus, but individual divisions with different licenses have different trading conditions. These licenses impose some restrictions on EverFX Global, and therefore the company does not work with residents of the USA, Belgium, Canada, Iran, etc.
- Strict compliance with regulatory requirements.
- Relatively low spread on STP accounts - from 0.8-1.2 pips.
- Segregation of accounts. There is no data on partner banks.
- Leverage - up to 1:500, depending on the type of asset.
- More than 1,000 trading assets.
- High commissions for withdrawing money.
- Lack of competitive technological advantages. Of the proprietary developments, there is only the "Status" platform, which has no accompanying information.
- Relatively high initial deposit - USD 250
TU Expert Advice
Financial expert and analyst at Traders Union
At the first acquaintance, the broker leaves an ambiguous impression – too many discrepancies are striking. For example, the site says “Transfer your funds with 0% commission”. But in fact, there are fixed commissions per lot, and commissions for withdrawing money. Replenishment is also allowed in Australian dollars, but this currency is not provided in the CySEC account category. Getting through to support is a problem. Such miscommunication and inaccuracies are undesirable for a broker of this level. Also, there is an interesting postscript: "73.74% of private investor accounts lose money when trading CFDs with this provider." Well, … honestly?
EverFX Global's trading arsenal includes over 1,000 assets, broken down into six classes, including cryptocurrencies. Account types depend on the jurisdiction of the trader falling under one of the three licenses. For example, for those who open an account with CySEC regulation, three types of accounts are available; for other regulations, there are four types. The minimum deposit for all account categories is USD 250. Spreads are from 0.8-1.2 pips, but there are no detailed conditions for accounts on the site.
The offered platforms are MT4 and the proprietary WEB-terminal Status. The description of its advantages is missing. There is a social trading platform integrated into the personal account, but its overview is also missing.
EverFX Summary
| 💻 Trading platform: | МТ4, Status |
|---|---|
| 📊 Accounts: | CySEC (Entry, Standard, VIP), CIMA and FSA (Beginner, Standard, Premium, VIP) |
| 💰 Account currency: | USD, EUR, GBP, and AUD |
| 💵 Replenishment / Withdrawal: | Credit cards, wire transfer, Neteller, and Skrill |
| 🚀 Minimum deposit: | From USD 250 |
| ⚖️ Leverage: | Up to 1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 0.8 pips |
| 🔧 Instruments: | Currency pairs, cryptocurrencies, commodity assets, stocks, indices |
| 💹 Margin Call / Stop Out: | No data |
| 🏛 Liquidity provider: | No data |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: | There is a proprietary platform - Status |
| 🎁 Contests and bonuses: | Yes |
The EverFX broker offers over 1,000 trading assets, including cryptocurrencies, stocks, and indices. Leverage is up to 1:200, 1:400, or 1:500, depending on the type of account and the selected instrument.
EverFX Key Parameters Evaluation
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Trading Account Opening
Register on the Traders Union website before opening an account with EverFX. By opening an account using the affiliate link, you will be able to receive a partial refund of the spread in the future.
How to open an EverFX Global account :
Click the "Register" or "Get Started" button on any page of the broker's website.
Fill out a short form with your contact details. Provide only reliable information - this will help you to quickly pass verification in the future. After registration, you will be asked to fill out a profile or proceed to learn the platform.
EverFX personal account functionality:
Also in the personal account, the trader has access to:
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The functionality of the Status platform. The account can be linked to any platform.
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Analytics by Trading Central.
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Balance management, bonuses, leverage selection.
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Access to the Broker Academy.
Regulation and safety
EverFX Global has three representative offices, each of which operates under the license of its jurisdiction. The head office is located in Cyprus - the representative office is licensed by the CySEC regulator. Other dealerships are licensed by CIMA (Cayman Islands) and FSA (Seychelles).
Advantages
- Segregated clients accounts
- Strict control by European regulators
- External independent audit
Disadvantages
- All regulators are offshore
- The complexity of filing a claim and its execution
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Beginner | From $15 | Yes |
| Standard | From $12 | Yes |
| Premium | From $8 | Yes |
| VIP | From $0 | Yes |
There is a provision for the accrual of swaps, the rules of which must be found in the specification. We also compared the average commission of EverFX with its competitors. For comparison, a standard full lot was taken for the EUR/USD pair, the commission was converted to USD.
| Broker | Average commission | Level |
|---|---|---|
|
$8.75 | |
|
$1 | |
|
$8.5 |
Account types
EverFX offers three categories of accounts, which depend on the jurisdiction of the trader and the broker's office, such as CySEC, FSA, and CIMA. At first glance, the types of broker accounts with FSA and CIMA licenses do not differ, but it is better to check this point with the support team. In the category with the CySEC license, there are three accounts instead of 4, the tariff plan has been changed.
Account types (FSA, CIMA):
Demo accounts are available for all terminals.
Deposit and Withdrawal
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The following options for depositing and withdrawing money are provided via: Visa, MasterCard, Neteller, Skrill, and bank transfers. The site also has logos of PayPal, Sofort, etc. But they are not on the list of available systems.
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Payment currencies are EUR, USD, GBP, and AUD. For AUD, please clarify with the support team that this currency is not available in CySEC accounts. Also, this currency is not provided when replenishing an account with Visa or, MasterCard.
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Withdrawal commission is for 1-3% depending on the payment system. Withdrawal time is 1 business day. For bank transfers, it can be up to 5 days.
Investment Options
Investment Programs, Available Markets and Products of the Broker
According to the information presented on the EverFX website, the broker has a social trading service, but there is no detailed description of any investment offer. Access to the platform and the rating of traders with statistics opens only after registration. Alternatively, investors can use an independent signal copying service from MQL.Community in the MT4 platform.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
EverFX’s affiliate program
EverFX’s affiliate program provides a reward for the affiliate for each referral attracted. According to the calculator on the broker's website, 10 attracted referrals can bring an affiliate up to USD 800 per month. Detailed information can be obtained from the support service after registration.
Customer support
The support service works 24/5.
Advantages
- None
Disadvantages
- There are problems with sending a question through the feedback form or chat
Available communication channels with r support specialists include:
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telephones;
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feedback form;
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email;
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social networks;
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online chat.
Contacts
| Foundation date | 2013 |
|---|---|
| Registration address | Antheon 2, Monovoliko 4, Kato Polemidia, 4151 Limassol, Cyprus |
| Official site | everfx.com |
Education
Analytics and training materials on the broker's website are presented in the EverFX Academy section. After subscribing, the trader receives a full course on trading, which includes theory, interactive practical exercises, webinars, and tests of varying difficulty. There are analytics and forecasts for individual assets.
EverFX does not have cent accounts, but you can hone your skills on a demo account.
Comparison of EverFX with other Brokers
| EverFX | RoboForex | Pocket Option | Exness | InstaForex | 4XC | |
| Trading platform |
MT4, Status | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MultiTerminal, MobileTrading, MT5, WebTrader | MT5, MT4, WebTrader |
| Min deposit | $250 | $10 | $5 | $10 | $1 | $50 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | Yes | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.8 points | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0 points |
| Level of margin call / stop out |
10% / 10% | 60% / 40% | 30% / 50% | No / 60% | 30% / 10% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | $50 |
| Cent accounts | No | Yes | No | No | Yes | No |
Detailed Review of EverFX Global
The EverFX Global broker works according to the classic STP model: spreads from 0.8-1.2 pips are set for all accounts, taking into consideration the markup. The exception is VIP accounts, where the spread is from 0 pips with a fixed commission. The company has almost no technological developments of its own, except for the browser platform and the technology for copying trades built into the personal account.
EverFX in figures:
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More than 1,000 trading assets, divided into 6 classes.
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2 options for trading platforms.
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Order execution speed - up to 150 ms.
EverFX is a classic broker for professional trading
One of the "tricks" of EverFX is its social trading platform that is integrated into the personal account. It becomes available only after registration. To help the investor, traders are divided into the categories "Most Copied", "Best Execution", etc. You can log into each trader's account and learn the trading statistics: equity, drawdown, account duration. The platform is intuitive and therefore perfect for novice investors. Other broker platforms are MT4, and the Status, a browser platform.
Useful services of EverFX investment:
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Proprietary trading platform. It’s called the Status. It is a simplified browser for one-click trading with a minimum of required technical tools.
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Trading Central plugin for MT4. This is an expert analysis tool with trading recommendations.
Advantages:
An extended list of trading assets, which includes cryptocurrencies.
Fair spread, close to fixed. It hardly expands due to the constant provision by affiliates of a high level of liquidity.
Availability of licenses of European regulators. It guarantees segregation of client accounts and continuous independent audit of the broker.
There are Islamic accounts and a demo account is available only after registration.
User Satisfaction