Evolve Markets 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
- MISA
- 2020
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
- MISA
- 2020
Our Evaluation of Evolve Markets
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
Evolve Markets is a moderate-risk broker with the TU Overall Score of 5.68 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Evolve Markets clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Evolve Markets is a broker for those who invest in cryptocurrency long term and want to use it for short-term trading in other assets. This investment option differs from direct purchase of cryptocurrency with U.S. dollars by absence of swaps (swaps are charged only on open positions with other assets).
Brief Look at Evolve Markets
Being a registered International Business Company, Evolve Markets operates in strict accordance with applicable rules and regulations. Evolve Markets Ltd was founded in 2016. Regulation and financial license from the MWALI International Services Authority (MISA). The company offer highly competitive trading conditions. In particular, a wide choice of trading tools, higher leverage available, and cryptocurrency deposit trading accounts.
- More than 100 trading assets, including cryptocurrencies.
- No withdrawal fee.
- No minimum deposit requirements.
- Broker doesn't provide educational resources.
Evolve Markets Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | Evolve Webtrader, Metatrader 5, and Metatrader 4 |
|---|---|
| 📊 Accounts: | Real, Demo |
| 💰 Account currency: | BTC, USD, ETH, LTC, SOL |
| 💵 Replenishment / Withdrawal: | Crypto deposits (BTC, LTC, USD stablecoins USDT, USDC, BUSD, ETH, SOL) and deposits with a credit card and bank transfers |
| 🚀 Minimum deposit: | No minimum deposit |
| ⚖️ Leverage: | 1000x forex, 500x commodities indices, 100x crypto and stocks |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | variable |
| 🔧 Instruments: | Cryptocurrencies, 50 Forex pairs, Indices, Commodities, Stocks |
| 💹 Margin Call / Stop Out: | 80%/30% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Mobile Platforms |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | STP |
| ⭐ Trading features: | Webtrader; Signal service; Cryptocurrency trading. |
| 🎁 Contests and bonuses: | No |
Evolve Markets Key Parameters Evaluation
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Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Single | USD 10 + 0.0035% | no |
Experts also compared the broker’s spread for the EUR/USD pair with the spreads charged by other brokers.
| Broker | Average commission | Level |
|---|---|---|
|
$10 | |
|
$1 | |
|
$1.5 |
Investment Options
At the moment, the broker does not offer investment programs or passive income options. Alternatively, you can you signal service built into the MT4 trading platform. The signals are provided from the MQL5 community. For this, you need to take the following steps:
Open and fund your account on Evolve Markets.
Install the MT4 platform and link your account to it.
Register on the MQL5 website.
Review traders’ statistics in the Signals tab.
On the MT4 platform, in the Setting/Communities menu, enter your MQL5 username and password. On the MQL5 website, fund the account and activate copying signals once you pay for subscription.
Note: most subscriptions are paid depending on the effectiveness of trader’s signals. You can unsubscribe from signals at any time, with no refund. You can also become a signal provider, whose signals will be copied by investors.
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.
Evolve Markets Partnership program
The broker offers the standard Affiliate program with up to 20% reward of the fees paid by the referral. Referrals who registered using the referral link get a 10% discount on spread for a period of 6 months. The reward is paid in BTC, which is why partner can earn extra if its price grows.
Comparison of Evolve Markets with other Brokers
| Evolve Markets | RoboForex | Pocket Option | Exness | TeleTrade | XM Group | |
| Trading platform |
WebTrader, MetaTrader4, Web, MetaTrader5 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5 | MT4, MT5, MobileTrading, XM App |
| Min deposit | No | $10 | $5 | $10 | $1 | $5 |
| Leverage |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:10 |
From 1:1 to 1:30 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 0.8 points | From 0.6 points |
| Level of margin call / stop out |
80% / 30% | 60% / 40% | 30% / 50% | No / 60% | 70% / 20% | 100% / 50% |
| Execution of orders | STP | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | Yes |
User Satisfaction