Evolve Markets Review 2024
Regulation:
  • MISA
Bonus for deposit:
  • 100%

Evolve Markets Review 2024

Updated: March 05, 2024
Updated: March 05, 2024
Your capital is at risk.

5.88

/

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
Regulation:
  • MISA
Bonus for deposit:
  • 100%

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Summary of Evolve Markets Trading Company

Evolve Markets is a moderate-risk broker with the TU Overall Score of 5.88 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 ranks 65 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.

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).

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.

💰 Account currency: BTC, USD, ETH, LTC, SOL
🚀 Minimum deposit: No minimum deposit
⚖️ Leverage: 1000x forex, 500x commodities indices, 100x crypto and stocks
💱 Spread: variable
🔧 Instruments: Cryptocurrencies, 50 Forex pairs, Indices, Commodities, Stocks
💹 Margin Call / Stop Out: 80%/30%

👍 Advantages of trading with Evolve Markets:

  • More than 100 trading assets, including cryptocurrencies.
  • No withdrawal fee.
  • No minimum deposit requirements.

👎 Disadvantages of Evolve Markets:

  • Broker doesn't provide educational resources.

Evaluation of the most influential parameters of Evolve Markets

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.

5.74

/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

1.45

/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.

4.14

/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.

4.67

/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.

3.71

/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.

3.11

/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.

2.88

/10

Trade with this broker, if:

  • You're comfortable with CFDs and leverage as Evolve Markets primarily offers Contracts for Difference (CFDs), which are leveraged instruments that can amplify both profits and losses.
  • You prioritize crypto trading as Evolve Markets offers a wide range of cryptocurrencies for trading. If you're interested in trading digital assets, their diverse selection may align with your trading preferences.

Do not trade with this broker, if:

  • You prioritize regulation as Evolve Markets is registered in Saint Vincent & the Grenadines and Mwali, jurisdictions with less stringent regulations compared to regulators of major financial hubs like the US, UK, or Australia.
  • You value educational resources to enhance your trading knowledge and skills. Note that Evolve Markets may not offer comprehensive educational materials. Consider this aspect if you rely on educational resources for your trading journey.

Geographic Distribution of Evolve Markets Traders

Popularity in

15.16%
JM
Jamaica
14.11%
GB
United Kingdom
11.04%
DE
Germany
5.15%
IN
India
4.67%
US
United States
0.2%
ID
Indonesia
0.2%
ES
Spain
0.2%
EG
Egypt
0.2%
TR
Turkey
1%
AU
Australia
38.07%
Others
Others

User Satisfaction i

38 comments
Total score:
2.9 /10

Share your experience

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thana

Evolve Markets has a slightly longer withdrawal period. While other companies withdraw funds to bank cards within three days, Evolve Markets has extended the period to five days. And mostly they withdraw client profits within five days. And unfortunately, there are not many types of payment systems. But these are perhaps the most important disadvantages. In general, trading with Evolve Markets is convenient, spreads are tight, and the platform is quite stable.

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nurlaily

This is a fake broker! Evolve Markets does not have a terminal where client trades are sent to an interbank platform. All trading is done internally within the company. I even doubt if there is any real trading here at all. In the Evolve Markets terminal, they can show any quotes they want just to take the trader's money. I incurred losses that wiped out my entire capital of $1000. I do not recommend this company to anyone!

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ChStark

I encountered issues while trading with Evolve Markets, which led to the complete loss of my account. I opened several gold trades and set a stop-loss. Unfortunately, I made a wrong direction choice, and the price moved in the opposite direction. However, the stop-loss did not trigger for any of the trades. I couldn't close manually because I wasn't at the computer, and the mobile app wasn't working. Evolve Markets forcibly closed my trades. For two more months, I tried to file complaints, but it all ended in nothing. Although the broker is 100% at fault, no one returned my money.

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shan4money

It's hard to trade with Evolve Markets, it's impossible. Everything freezes. Previously, I traded in another company and it was much better there. The same is with mobile trading. On my iPhone the app constantly freezes. I am not going to continue to work with Evolve Markets.

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pogung177

First, Evolve markets managers attract clients, and then start selling draining signals. And the worst thing is that they take money for such signals and do not intend to refund them. I subscribed to signals from Evolve markets for three months. There was not a single profitable trade. Plus, they recommend opening trades in large volumes. In short, this is a scam - run away from here!

Responses to a comment
alfarizi to pogung177

You can't trust the managers of Evolve Markets. Their task is to persuade the client to transfer as much money as possible to the trading account. And then this money will slowly disappear. Either just like that, or through deception in the form of fake trading.

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roronoazorro24

Trading on Evolve Markets was unsatisfactory. I regret opening an account and wasting my time. While this broker is not fraudulent, the platform often experiences disruptions, trades may hang and not open. Moreover, sudden price spikes on the platform might not align with the trader's expectations, resulting in a complete loss of funds. I strongly advise against using Evolve Markets.

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shribalaji

Unfortunately, I made a mistake in choosing a broker for Forex trading. After reading many positive reviews about Evolve Markets, I decided to open a trading account here. At first it seemed normal. I registered on the company’s website, went through verification, and even tried trading on a demo account. Then I transferred $500 to a live account and started trading seriously. Unfortunately, I was cruelly deceived. While trading on a demo account with Evolve Markets was comfortable, on a live account I began to suffer constant losses. Its platform works perfectly on a demo account, but barely works on a live account. I had difficulty withdrawing the rest of my deposit of $47. I don't recommend it!

Dynamics of Evolve Markets’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 of Evolve markets

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.

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.

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.

Trading Conditions for Evolve Markets Users

💻 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
Your capital is at risk.

Comparison of Evolve Markets with other Brokers

Evolve Markets RoboForex Eightcap Exness FreshForex FxGlory
Trading
platform
WebTrader, MetaTrader4, Web, MetaTrader5 MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading MT4, MobileTrading, MT5
Min deposit No $10 $100 $10 No $1
Leverage From 1:1
to 1:1000
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:25
to 1:500
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 points From 0 points From 0 points From 1 point From 0 points From 2 points
Level of margin call
/ stop out
80%  /  30% 60%  /  40% 80%  /  50% No  /  60% 40%  /  20% 20%  /  10%
Execution of orders STP Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution, Instant Execution Instant Execution, Market Execution
No deposit bonus No No No No $30 No
Cent accounts No Yes No No Yes No

Broker comparison table of trading instruments

Evolve Markets RoboForex Eightcap Exness FreshForex FxGlory
Forex Yes Yes Yes Yes Yes Yes
Metalls No Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes No 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

Evolve Markets Commissions & Fees

Information
Analysts reviewed the broker’s conditions provided on the official website in open access. The EUR/USD pair was used for the analysis. According to the website, the pip value equals USD 1 for five-digit quotes, which means the fee is USD 10 per 1 standard lot in 4-digit quotes. There is also an additional fees, which is 0.0035% for Forex assets.
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
Evolve Markets $10 High
RoboForex $1 Low
IC Markets $1.5 Medium
Logo Evolve Markets
$10
$1
$1.5

Contacts

Foundation date 2020
Registration address Griffith Corporate Centre, Suite 305 Beachmont POB 1510, Kingstown Saint Vincent and the Grenadines
Regulation
Official site
Contacts
Your capital is at risk.
Disclaimer:

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.

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.
Evolve Markets Review Evolve Markets Review

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FAQs

Do reviews by traders influence the Evolve Markets rating?

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

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

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

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

Anyone can leave feedback about Evolve Markets 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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