EverFX Review 2024
Minimum
deposit:
  • $250

Trading platform:

  • MT4
  • Status
Bonus for deposit:
  • 0%

EverFX Review 2024

Updated:
Updated: October 06, 2023

2.42

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum
deposit:
  • $250

Trading platform:

  • MT4
  • Status
Bonus for deposit:
  • 0%

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Summary of EverFX Trading Company

EverFX is a high-risk broker with the TU Overall Score of 2.42 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 376 among 406 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.

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.

💰 Account currency: USD, EUR, GBP, and AUD
🚀 Minimum deposit: From USD 250
⚖️ Leverage: Up to 1:500
💱 Spread: From 0.8 pips
🔧 Instruments: Currency pairs, cryptocurrencies, commodity assets, stocks, indices
💹 Margin Call / Stop Out: No data

👍 Advantages of trading with EverFX:

  • 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.

👎 Disadvantages of EverFX:

  • 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

Evaluation of the most influential parameters of EverFX

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

1.95

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

1.09

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

4.50

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

5.02

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

1.99

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

2.01

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

3.23

/10

Video Review of EverFX i

EverFX Latest Comments for 2023 i

20 comments
Total score:
6.1 /10

Share your experience

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mohamramees
2 weeks ago

Everyone related to Forex is probably aware of the enormous competition there. And if a company stays on the market as long as EverFX, that says a lot. Reviews of this company are not entirely good, but I can’t say anything bad about it.

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PaulRG
45 weeks ago

EverFX has gone bad. The spreads got worse. The commission was increased, and without informing about it. Keep it up and you won't have any customers left. I personally went to a more profitable broker who does not have such problems.

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TomAU
50 weeks ago

EverFX's main disadvantage is the problematic and delayed withdrawal of funds. It's not just me, but many people say this. Controversial points here are resolved not in favor of traders. Therefore, judge for yourself whether it will be profitable to trade here.

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Thopriff
1 year ago

Came in with a $250 trial deposit. For a couple of days everything was fine, but then the broker began to demand an increase in the deposit to 1500-2500. I refused and, apparently because of this, I lost almost the entire deposit very quickly. There is no other way here.

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maestrorlx
2 years ago

In the very first month of cooperation with EverFX, I had a conflict situation. I only trade intraday and on rare occasions leave positions open overnight. This time the European session came to an end, and the price did not reach the placed order. Of course, I canceled it, but the next day, by some miracle, it worked and dragged the deposit into the red on the correction.....

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monsterteen
2 years ago

I was tired of giving money to kitchen brokers, so now I only work with licensed companies, and EverFX is one of them. So far, everything suits me, such as the size of the spreads, the speed of the withdrawal of funds, and the choice of assets. The presence of negative balance protection also speaks in favor of the broker. Questions sent by email are answered within an hour, which I think is an excellent indicator. Money can be withdrawn not only to cards and bank transfers but also to electronic wallets, which is much faster and cheaper.

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dilsh
2 years ago

The EverFX broker offers excellent conditions. And although I have been trading with it for only six months, I am already receiving a stable income. Of course, losing trades are also not uncommon, but still, I have more orders that are profitable. The MT4 platform, by the way, works great, and the Trading Central plugin is available. EverFX Global's leverage is low for a professional, up to 1:30 on major currency pairs, but spreads on premium and VIP accounts are lower, so I do not yet plan to find another broker to trade on Forex.

Expert Review of EverFX

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.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of EverFX’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

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.

Important!

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.

Trading Conditions for EverFX Users

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.

$250

Minimum
deposit

1:500

Leverage

24/5

Support

💻 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

Comparison of EverFX with other Brokers

EverFX RoboForex Eightcap Exness XM Group FxGlory
Trading
platform
MT4, Status MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MT5, MobileTrading, XM App MT4, MobileTrading, MT5
Min deposit $250 $10 $100 $10 $5 $1
Leverage From 1:1
to 1:500
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:1
to 1:30
From 1:1
to 1:3000
Trust management No No No No No No
Accrual of % on the balance No No No No No 8.00%
Spread From 0.8 points From 0 points From 0 points From 1 point From 0.6 points From 2 points
Level of margin call
/ stop out
10%  /  10% 60%  /  40% 80%  /  50% No  /  60% 100%  /  50% 20%  /  10%
Execution of orders Market Execution 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 Yes No

Broker comparison table of trading instruments

EverFX RoboForex Eightcap Exness XM Group FxGlory
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes Yes No
CFD Yes Yes Yes Yes Yes Yes
Indexes Yes Yes Yes Yes Yes No
Stock Yes Yes Yes Yes Yes No
ETF No Yes No No No No
Options No No No No No No

EverFX Commissions & Fees

Information
The experts at Traders Union analyzed the broker's trading conditions, taken from open sources, for the existence of implicit and explicit commissions and fees. The analysis revealed the existence of commissions for the withdrawal of funds, the percentage of which does not coincide with the commissions of payment systems. Also, for individual accounts, there is a fixed commission for each lot.
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
EverFX $8.75 High
RoboForex $1 Low
Pocket Option $8.5 Medium
Logo EverFX
$8.75
$1
$8.5

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:

  • More than 1,000 trading assets, divided into 6 classes.

  • 2 options for trading platforms.

  • 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:

  • Proprietary trading platform. It’s called the Status. It is a simplified browser for one-click trading with a minimum of required technical tools.

  • Trading Central plugin for MT4. This is an expert analysis tool with trading recommendations.

Advantages:

1

An extended list of trading assets, which includes cryptocurrencies.

2

Fair spread, close to fixed. It hardly expands due to the constant provision by affiliates of a high level of liquidity.

3

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.

How to Start Making Profits — Guide for Traders

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):

Account Type
Description
Beginner
Deposit - from USD 250, leverage - up to 1:500, and spread - from 1.5 pips.
Standard
Deposit - from USD 2500, leverage - up to 1:500, spread - from 1.2 pips. Free Trading Central analytics.
Premium
Deposit from USD 10,000; leverage is up to 1:400; spreads are from 0.8 pips. Free monthly session with a trading expert.
VIP
Deposit starts at USD 50,000; leverage is up to 1:200, spreads are from 0.0 pips; and commission range from USD 6 per lot.

Demo accounts are available for all terminals.

Bonuses Paid by the Broker

There is no detailed information about bonus programs and conditions for working out bonuses on the broker's website. There is a welcome bonus from 30% to 100% depending on the type of account. After registration, a trader can take part in the Club - accumulate points for each trade, exchange them for goods from the broker's store and receive an accrual of up to 10% per annum on a deposit, depending on the status.

Investment Education Online

Information

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.

Information provided in the EverFX Academy section
Information not available at the EverFX website
Step by step trading course
Analysis of free strategies
 
Indicators reviews and their practical applications

EverFX does not have cent accounts, but you can hone your skills on a demo account.

Security (Protection for Investors)

Information

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

Withdrawal Options and Fees

  • 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.

  • 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.

  • 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.

Customer Support Service

Information

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:

  • telephones;

  • feedback form;

  • email;

  • social networks;

  • online chat.

Contacts

Foundation date 2013
Registration address Antheon 2, Monovoliko 4, Kato Polemidia, 4151 Limassol, Cyprus
Official site

Review of the Personal Cabinet of EverFX

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 :

1

Click the "Register" or "Get Started" button on any page of the broker's website.

EverFX  Review - Registration
EverFX Review - Registration
EverFX  Review - Registration
2

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.

3

EverFX personal account functionality:

1. Management of open trades in the built-in platform:

EverFX  Review— Open trades management
EverFX Review— Open trades management

2. Copying trades:

EverFX  Review — Copying trades
EverFX Review — Copying trades

1. Management of open trades in the built-in platform:

EverFX  Review— Open trades management
EverFX Review— Open trades management

2. Copying trades:

EverFX  Review — Copying trades
EverFX Review — Copying trades

Also in the personal account, the trader has access to:

  • The functionality of the Status platform. The account can be linked to any platform.

  • Analytics by Trading Central.

  • Balance management, bonuses, leverage selection.

  • Access to the Broker Academy.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
EverFX Review EverFX Review

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FAQs

Do reviews by traders influence the EverFX rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about EverFX you need to go to the broker's profile.

How to leave a review about EverFX on the Traders Union website?

To leave a review about EverFX, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about EverFX on a non-Traders Union client?

Anyone can leave feedback about EverFX on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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