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Evolve Markets Review 2025

Updated:

Brief Look at Evolve Markets

Evolve Markets, initially a platform for trading Forex, commodities, and cryptocurrencies, encountered serious problems and accusations of fraud. Issues began in 2021 when users reported difficulties withdrawing funds, unexpected account closures, and unresponsive technical support, raising doubts about the platform's legitimacy.
Further investigation revealed that Evolve Markets operated with minimal regulatory oversight, making it challenging for users to seek assistance or protection. Due to these problems, many people began to view Evolve Markets as a scam, and its reputation suffered significantly.
In March 2024, Evolve Markets announced its closure. The company claimed the decision was not due to financial or operational problems, but rather to uphold its standards and principles. Throughout its seven years of operation, Evolve Markets attempted to avoid common industry issues like misleading advertising, deposit bonuses, and fractional reserve practices. Despite these efforts, the broker ultimately ended up being blacklisted.

User Satisfaction i

Score:
2.9/10

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ganeshgigi1
6 weeks ago

At first, I thought I had finally found a reliable platform. Evolve Markets responded quickly, helped me get started, and promised “transparent operations.” But then I started noticing strange things: trades closing not at stop levels, delayed quotes. I requested a $3,500 withdrawal — and that’s when the real circus began. Verifications, waiting, paperwork. Then silence. Today, the site is down, and my funds are gone.

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thana
1 year ago

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
1 year ago

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
1 year ago

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
1 year ago

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
1 year ago

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
1 year ago

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
1 year ago

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.

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

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