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.
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.
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Evest User Reviews
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5-star
0%
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4-star
33%
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3-star
33%
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2-star
33%
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1-star
0%
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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, ZForex and OANDA, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
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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
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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.
- Swap Free (Islamic) account
- Low minimum deposit
- Standard account with balanced trading conditions
- No ECN/Raw spread account
- No VIP account option
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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.
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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.
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Trading Account Opening
We 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.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 /10Overall, the account setup process is efficient and suitable for most traders.
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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 /10
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FAQs
How do reviews assess Evest’s regulation and overall safety measures?
Evest has a safety score of 6.2/10, which corresponds to a medium security level in the review. The broker is regulated by the VFSC (Vanuatu, Tier-3), FSCA SA (South Africa, Tier-2), and MISA (Comoros, Tier-3), but it is not Tier-1 regulated, has no specific investor compensation fund mentioned, and does not provide negative balance protection, while KYC verification is required.
What do reviews say about Evest’s trading commissions and non-trading fees?
According to the review, Evest’s overall fees are rated 3/10, indicating high trading and non-trading commissions compared with the market benchmark. Forex trading fees are described as above average, there is no ECN/Raw Spread account, but there are no inactivity or deposit fees and withdrawal fees range from 0–2% with no fixed USD withdrawal charge specified.
What types of trading accounts are available at Evest and what conditions do they offer?
The review states that Evest offers Standard, Swap Free (Islamic), and demo accounts, but does not provide ECN/Raw spread, Cent, or Micro accounts. Live accounts are structured by deposit size into Silver, Gold, Platinum, Diamond, Islamic variants, and a promotional Ramadan Diamond account, each with different minimum spreads, support levels, and, in some cases, trading signals and fee-free withdrawals.
What markets and tradable assets does Evest provide access to?
Evest supports 400 total tradable assets, including 43 currency pairs, along with stocks, commodity futures, cryptocurrencies, and stock indices, while options are not available. The review also notes that bonds and ETFs are not offered, but a copy trading service is available, whereas PAMM and managed accounts are not.
What feedback is available about Evest’s customer support channels and responsiveness?
The review describes Evest’s customer support as having noticeable weaknesses, with slower-than-expected response times and limited depth of assistance, which may require repeated contact. Support is provided mainly via phone and a ticketing system in the user account, with personal managers and free calls for traders from the UAE and Saudi Arabia, but there is no online chat or support via messaging apps.
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