Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Evest Pros & Cons
- Licensed brokerage activities with offices worldwide;
- Over 400 CFDs and currency pairs;
- Trading with floating spreads without additional fees;
- The option to switch to a swap-free Islamic account;
- Market access through both proprietary and classic Forex platforms like MetaTrader 5;
- Free access to the Cooma copy trading service;
- Instant, fee-free deposits.
- Delayed fund withdrawals with slow processing times;
- High spreads on accounts with balances up to $20,000;
- Lack of live technical support.
Evest was launched in October 2020 to provide better trading conditions for traders in the MENA region. It specializes in the Forex market and CFD instruments, including spot trading on stocks, stock indices, metals, and cryptocurrencies. Evest also offers investments in pre-made asset portfolios, provides leverage for more effective trading, and gives traders access to up-to-date analytical data on various markets. Every year, Evest receives awards in different categories at Forex Expo Dubai, including Best Forex Broker in the MENA region.
TU Expert Verdict
Evest carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
Top-5 Brokers Traders Prefer
Evest User Reviews
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria3 /10The trading and non-trading commissions of Evest have been analyzed and rated as having High fees, with a fees score of 3/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Evest with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Evest’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Evest Standard spreads Evest OANDA FOREX.com EUR/USD min, pips 2.0 0.1 0.7 EUR/USD max, pips 2.7 0.5 1.2 GPB/USD min, pips 2.3 0.1 0.9 GPB/USD max, pips 3.2 0.5 1.4 Does Evest support RAW/ECN accounts?
As we discovered, Evest does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Evest. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Evest Non-Trading Fees Evest OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0-2 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is Evest Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria6.2 /10Evest has a safety score of 6.2/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Not tier-1 regulated
Evest Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
VFSC Full Name Vanuatu Financial Services Commission Country of regulation Vanuatu Investor Protection Fund No specific fund Regulation Level Tier-3 FSCA SA
Full Name Financial Sector Conduct Authority of South Africa Country of regulation South Africa Investor Protection Fund No specific fund Regulation Level Tier-2 Abbreviation MISA (Mwali) Full Name Mwali International Services Authority Country of regulation The Comoros Investor Protection Fund No specific fund Regulation Level Tier-3 Evest Security Factors Foundation date - Negative balance protection NoVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.6.9 /10Evest offers the following account options: Demo, Standard, Swap Free.
However, Evest does not provide a Standard account, which can be a drawback for traders who prefer classic spread-based pricing models.
- Standard account with balanced trading conditions
- Swap Free (Islamic) account
- Low minimum deposit
- No ECN/Raw spread account
- No Cent account
Evest account types vs top competitors Evest Trading.com Plus500 Standard YesYesYesECN/Raw spread NoNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free YesNoNoVIP NoNoNoManaged NoNoNoEvest accounts trading conditions
After filling out the registration form on the Evest website, the broker opens a live account for the new client. The account status changes depending on the amount of funds deposited.
Account Types:
Account Type Description Silver Accounts with deposits from $250 to $4,999. Spreads start from 1.8 pips. Technical support manager assistance and daily market analysis are available; Gold Accounts with deposits from $5,000 to $19,999. Minimum spreads start from 1.4 pips. One trading signal is provided daily; Platinum Accounts with deposits from $20,000 to $49,999. Spreads start from 0.9 pips. Assistance is provided by a senior technical support manager; Diamond Accounts with deposits starting from $50,000. Minimum spreads start from 0.5 pips. Trading signals, communication with a senior support manager, a direct line to the dealing room, and fee-free withdrawals are available; Islamic Trading Account Swap-Free accounts allow trading without interest on position rollovers. Three types of Islamic accounts are available: Islamic with spreads from 2 pips, Islamic Pro from 0.9 pips, and Islamic Pro Plus from 0.5 pips; Ramadan Diamond Promotional accounts with a limited duration. They allow trading with lower spreads from 0.5 pips after depositing at least $5,000. Trading signals, fee-free withdrawals, and weekly cashback are available. In addition to live accounts, the broker offers demo accounts. These accounts provide $25,000 in virtual USD for trading in a simulator. Demo accounts are available on Evest's proprietary web platform.
Evest continuously improves its services, adding new trading instruments and features, aiming to provide clients with the best experience for trading financial assets in the OTC markets.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology5.5 /10Evest received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Evest provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank wire transfers available
- No deposit fee
- Minimum deposit below industry average
- Low minimum withdrawal requirement
- Only major base currencies available
- BTC not available as a base account currency
- BTC payments not accepted
What are Evest deposit and withdrawal options?
Evest provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller.
Evest Deposit and Withdrawal Methods vs Competitors Evest Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC NoNoNoWhat are Evest base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Evest supports the following base account currencies: USD.
What are Evest's minimum deposit and withdrawal amounts?
The minimum deposit on Evest is $250, while the minimum withdrawal amount is $25. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Evest’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6.8 /10Evest offers a limited selection of trading assets compared to the market average. The platform supports 400 assets in total, including 43 Forex pairs.
- 43 supported currency pairs
- Copy trading platform
- Indices trading
- Bonds not available
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Evest with its competitors, making it easier for you to find the perfect fit.
Evest Trading.com Plus500 Currency pairs 43 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 400 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products Evest offers for beginner traders and investors who prefer not to engage in active trading.
Evest Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading YesNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Evest by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.7 /10We successfully registered an account with Evest in 10 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Evest is $250. Overall, the account setup process is efficient and suitable for most traders.
- Low minimum deposit requirement
- Fast registration time (up to 15 minutes)
- Fully online account opening process
- Account approval may require extra time depending on the documentation.
Evest account opening Evest Trading.com Plus500 Online Registration YesYesYesMinimum deposit $250 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 10 20 KYC time (days) 2 2 3 Is Evest available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
The user account on the Evest website is designed for its clients. Through it, traders can manage their accounts and funds, trade on the web platform, view market data, and communicate with technical support. To create a user account, follow these steps:
Click on "Get Started" in the top panel of the website.
Complete the account opening form.
After registering, log in to your account with the following features:
- Deposit funds into your trading account..
- Trading on the web platform developed by Evest for its clients..
Additional features of Evest’s user account allow traders to:
- Upload documents for the KYC procedure;
- View real-time market data;
- Access trading tools if the account balance exceeds $20,000;
- Submit withdrawal requests;
- Monitor referral rewards and bonus funds;
- Create support tickets.
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Customer Support
Score:We evaluated Customer Support at Evest by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria4.6 /10The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.
In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.
InformationLike any broker, Evest has a support team to assist traders with any issues related to trading, finance, or technical matters.
- Each client is assigned a personal manager
- Free calls to the broker for traders from the UAE and Saudi Arabia
- No online chat on the website
- The company does not provide support via messaging apps
The main communication channels with Evest are:
- Phone;
- Ticketing system in the user account.
The contact section of the website includes a form for requesting a callback or receiving a response to an email inquiry.
Contacts Registration address ATRIAFINANCIAL LTD, S.I.P. Building, P.O Box 3010, Rue Pasteur, Port Vila, Vanuatu Regulation VFSC, FSCA, MISA (Mwali) Official site https://www.evest.com/ Contacts +971-521-733-716, +966-115-112-675
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FAQs
How do reviews assess Evest’s regulation and overall safety level?
Reviews describe Evest as a regulated broker with a medium safety level, reflected in its safety score of 6.2/10. It is overseen by the VFSC in Vanuatu and MISA in The Comoros (both Tier-3) and the FSCA in South Africa (Tier-2), but it is not Tier-1 regulated and does not offer an investor protection fund or negative balance protection, which may increase risk compared with brokers that have those features.
What do expert reviews say about Evest’s trading and non-trading fees?
According to expert reviews, Evest’s overall fee level is considered high, with a commissions and fees score of 3/10 and above-average Forex trading fees. Standard account EUR/USD spreads typically range from 2.0 to 2.7 pips and GBP/USD from 2.3 to 3.2 pips, while non-trading fees include no deposit or inactivity fees and withdrawal fees between 0% and 2% depending on the method.
What account types and trading conditions are available at Evest?
Evest offers Demo, Standard, and Swap-Free (Islamic) accounts, but does not provide ECN/Raw spread, micro, cent, VIP, or managed accounts. Live accounts are structured into Silver, Gold, Platinum, Diamond, Islamic variants, and a promotional Ramadan Diamond account, with different minimum deposits, starting spreads from 0.5–2 pips, and varying access to support, signals, and fee-free withdrawals depending on balance.
What do reviews say about Evest’s deposit and withdrawal methods and limits?
Reviews note that Evest supports deposits and withdrawals via bank cards, bank wire, Skrill, and Neteller, but does not accept PayPal, Wise, or BTC payments. The broker’s minimum deposit is $250, the minimum withdrawal is $25, and USD is the only specified base account currency, with withdrawal fees ranging from 0% to 2% depending on the payment method.
How is the Evest trading account opening process described in expert feedback?
Expert feedback indicates that opening an account with Evest is fully online, with registration taking about 10 minutes and KYC verification typically completed within 2 business days. The minimum deposit is $250, and the user area allows clients to manage funds, trade on the proprietary web platform, upload KYC documents, request withdrawals, and access additional tools once certain balance thresholds are met.
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