EverFX Rated 3/5

EverFX Guide - Read our In Depth 2023 EverFX Review

This EverFX review was written by industry experts with over 20 years of financial experience in Forex trading, CFD trading, Spread Betting, Social trading, .

Benefits of Trading with EverFX

EverFX Review 2023 Quick Summary
๐Ÿ’ฐ Min Deposit 10000
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 10,000 EverFX users and traders
๐Ÿ“† Founded 2008
๐ŸŒ HQ Cayman Islands
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Cayman Islands Monetary Authority (CIMA)
๐Ÿšซ Excluded Countries EverFX is not available in the following countries :

Open EverFX's Website

Your capital is at risk


learn more Learn more about IC Markets.
Losses can exceed deposits

What is EverFX?

EverFX are a worldwide financial trading platform and broker. founded in 2008

Over 15 years later EverFX now serves over 10,000 retail investors Forex trading, CFD trading, Spread Betting trading, Social trading, and trading.

EverFX are a global broker. EverFX have a head office in Cayman Islands.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this EverFX review and assess how well the EverFX platform functions in its role as an international multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like EverFX. Choosing or shortlisting a trading platform like EverFX can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like EverFX.

As a result, selecting the right trading platform like EverFX requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like EverFX available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like EverFX requires thorough due diligence and careful consideration. Some EverFX trading features can be complex when trading on mobile or using the EverFX online trading platform. Beginners and inexperienced traders must take the time to learn how to use the EverFX trading tools properly. In our review of EverFX we explain the pros and cons. What EverFX offer, countries EverFX are available in. Who EverFX are regulated by and more.

EverFX Review Screenshot

When it comes to online trading with brokers like EverFX, carefully review EverFX as your broker can make or break your success. Choosing the right broker is essential to ensure your EverFX investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your EverFX review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of EverFX. You must also ensure the EverFX broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, EverFX needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with EverFX into easily digestible information in this EverFX review. We want to ensure you have all the knowledge necessary to use the EverFX trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with EverFX are the key to successful trading, so we've provided this detailed EverFX review. So, take a seat, grab a cup of coffee, and dive in to learn about EverFX and how it can benefit you or if EverFX is not for you.

Online investing with EverFX can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with EverFX, evaluating the EverFX platform is important. Evaluation includes researching the EverFX management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with EverFX. That's why it's essential to understand the EverFX company policies and practices before making any investment decisions. By doing your due diligence and understanding EverFX platform, you can make informed investment choices that align with your financial goals. So take the time to research EverFX thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this EverFX review you need to determine if EverFX is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to EverFX, so you can make a more informed decision and compare other brokers against EverFX.

If you want to look at some EverFX alternatives that might better fit your needs, we list and compare some of the best EverFX alternatives further down this EverFX review.

Don't be fooled by the misconception that online trading is easy with EverFX. It can be challenging and requires significant research and understanding of the EverFX trading tools and features. You must know what you are doing when trading with EverFX. That's why we've compiled this detailed EverFX review with some important information that will hopefully make you more informed when online trading with EverFX.

EverFX Review Table of Contents

EverFX review
EverFX is a Multi-Assets Trading Platform with over 93+ Assets

Learn more about EverFX. EverFX is a multi asset platform with 93+ tradable Assets. Assets available on EverFX include Forex trading, CFD trading, Spread Betting, Social trading, .

EverFX trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, CFD trading, Spread Betting, Social trading, are considered financial assets.

Features of EverFX

EverFX review
What you should know

EverFX offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, . The assets and products available to you on the EverFX trading platform depends on the region of the world, you are in and the EverFX entity you have an account.

With EverFX you will need a minimum deposit of $10000. You can sign up for a demo account to acquaint yourself with EverFX platform.

EverFX are able to accommodate various levels of traders whether you are experienced or a beginner.

Are EverFX safe?

When considering EverFX for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as EverFX, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2008, and in operation for 15 years EverFX have a head office in Cayman Islands.

EverFX is regulated. This means EverFX are supervised by and is checked for conduct by the Cayman Islands Monetary Authority (CIMA) regulatory bodies.

EverFX withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like EverFX are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. EverFX are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of EverFX and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. EverFX has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, EverFX will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like EverFX, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If EverFX violate any regulatory rules their regulated status could be stripped.

Your capital is at risk

Is my money safe with EverFX?

All payments made to EverFX by traders are securely held in a segregated bank account.

EverFX uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should EverFX use them?

EverFX partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their EverFX clients' funds.

EverFX clients can have greater confidence in their financial security when working with a Tier 1 bank because EverFX are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in EverFX deposited in a Tier 1 bank?

Depositing funds with EverFX ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if EverFX were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that EverFX is a secure and safe platform.

Please be aware that trading in financial assets with EverFX carries a risk of loss. EverFX trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, CFD trading, Spread Betting, Social trading, due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

EverFX emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about EverFX, let's closely examine its features.

To better understand the EverFX trading platform, you can create two separate accounts - one with real money and the other a EverFX demo account. A EverFX demo account provides a risk-free environment for experimenting with the EverFX platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in EverFX trading decisions.

Open a demo account Visit EverFX

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How EverFX as a Company Compare Against Other Brokers

Broker everfx IC Markets Roboforex eToro
Year Established 2008 2007 2009 2007
Head Office Cayman Islands Australia Cyprus Cyprus, UK
Regulation Cayman Islands Monetary Authority (CIMA) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 10,000+ EverFX users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection Yes No Yes
Guaranteed Stop Loss No No No
Learn More Visit EverFX Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 79% of retail investor accounts lose money when trading CFDs with this provider.

EverFX review
EverFX Pros and Cons

What we like about EverFX

  • Used by over 10,000 EverFX users and traders
  • Established in 2008
  • Regulated by Cayman Islands Monetary Authority (CIMA)
  • Min. deposit from $10000

What we don't like about EverFX

EverFX review
EverFX Regulation and Licensing in more detail

EverFX is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of EverFX going into insolvency. EverFX compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like EverFX to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for EverFX traders.

EverFX is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like EverFX you should be sure they're legitimate online agent.

Is EverFX Global?

Yes, EverFX is global as EverFX is available in over 194 countries.

EverFX is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries EverFX covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. EverFX has a total of more than 10,000 users.

EverFX review
EverFX Fees Explained

  • EverFX withdrawal fees varies on payment method
  • EverFX does charge a fee for inactive accounts.
  • EverFX does charge deposit fees.

Modern brokers like EverFX provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, EverFX may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall EverFX trading profitability.

How EverFX Fees Compare Against Other Brokers

Broker everfx IC Markets Roboforex eToro
Min Deposit 10000 200 1 50
Withdrawal Fees $30 No Yes Yes
Inactivity Fees No No Yes
Deposit Fees Varies No No
CFD Commission Fees Yes No Yes

EverFX Minimum Deposit

EverFX requires a minimum deposit of 10000 GBP/USD/EUR when opening an EverFX trading account.

A minimum deposit is the minimum amount of money required by EverFX to open a new online brokerage account with them.

Don't be scared off by brokers like EverFX charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like EverFX, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

EverFX Withdrawal Fees

The fees for withdrawing funds from your EverFX account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your EverFX withdrawal request is important.

EverFX Withdrawal rules may vary across different brokers when it comes to transferring funds from your EverFX or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with EverFX may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the EverFX withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from EverFX. Researching and comparing EverFX withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing EverFX funds frequently or dealing with large sums of money. Awareness of these EverFX fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your EverFX funds.

For example, EverFX allows you to withdraw your funds to Debit Cards,Credit cards, Electronic wallets (eWallets),Bank Transfer.

EverFX Inactivity Fees

EverFX does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by EverFX terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all EverFX fees and services. It's recommended that you check the EverFX website before signing up. If you decide to close your EverFX account, it's important to do so with the EverFX broker customer support and obtain confirmation that no remaining EverFX fees are due.

Brokers like EverFX must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

EverFX Deposit Fees

EverFX do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

EverFX Commission Fees

EverFX does charge commission on CFD instruments.

Brokerage firms like EverFX may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the EverFX trading account level held by the trader.

EverFX may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing EverFX terms and conditions to understand the commission fees and any other charges that may apply is essential.

EverFX review
What can you trade with EverFX?

It's essential to note that the trading instruments offered under the EverFX brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the EverFX trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade a wide variety of instruments with EverFX over 93 instruments in fact.

If you want to trade currency pairs on global Forex markets, EverFX offer over currency pairs.

Compare EverFX with IC Markets and Roboforex below.

Your capital is at risk

How EverFX Trading Options Compare Against Other Brokers

Broker everfx IC Markets Roboforex eToro
Instruments Available 93 2250 100 5000
Platforms MT4,iOS,MacBook,iPhone MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 61 35 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies (availability subject to regulation) No Yes No Yes
Commodity CFDs        
Commodities Offered 0 20 21 31
Metals NO Yes Yes Yes
Energies NO Yes No Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 2100 0 2042
UK Shares Yes Yes Yes Yes
US Shares NO Yes Yes Yes
German Shares NO Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit EverFX
Your capital is at risk
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
79% of retail investor accounts lose money when trading CFDs with this provider.

EverFX review
Trading on EverFX web platforms and other applications

EverFX offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

A EverFX iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

EverFX also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See EverFX's platforms

Is the EverFX Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the EverFX trading platform to protect you on PC and mobile EverFX platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using EverFX web trading platforms.

EverFX Trading Platform Options

After logging into your EverFX account, you'll find a range of trading platform options available below.

  • MetaTrader 4 (MT4)

Please be aware that EverFX does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

EverFX does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options EverFX gives you.

EverFX review
EverFX MetaTrader 4 (MT4)

EverFX MetaTrader 4

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on EverFX offers traders comprehensive features and tools to enhance their trading performance. The EverFX MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the EverFX platform to their needs. One of the standout features of MT4 is its charting functionality, which allows EverFX traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give EverFX traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 EverFX trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the EverFX MetaTrader 4 (MT4) trading platform. MT4 is a platform available with EverFX, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The EverFX MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. EverFX allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with EverFX in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. EverFX MetaTrader 4 is compatible with the latest macOS. EverFX allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on EverFX

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade EverFX MetaTrader 4 on iOS Devices

You can download the EverFX app or trade with EverFX through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. EverFX customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade EverFX MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and EverFX offers its clients access to the MetaTrader 4 platform on these devices. With the EverFX MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing EverFX traders to stay on top of their trades and react quickly to changes in the market. With the EverFX MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade EverFX MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on EverFX are a powerful bundle of three major indicators designed to help traders make informed decisions. EverFX MT4 Trading Central indicators include:

  • Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
  • Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help EverFX traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing EverFX traders to potentially stay one step ahead.

EverFX MetaTrader 4 Advanced Trading Tools

The EverFX MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give EverFX traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, EverFX provides traders with everything they need to succeed. The EverFX MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing EverFX traders to analyze the market at any level of complexity.

Trade EverFX MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

EverFX MetaTrader 4 AutoChartist

Autochartist on the EverFX platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for EverFX MetaTrader 4 Autochartist can scan the market using an expert advisor script.

With Autochartist, EverFX traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save EverFX users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. EverFX traders can navigate the platform and find the information they need to make informed trading decisions.

EverFX Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for EverFX traders of all experience levels.

EverFX Trading benefits

  • EverFX Allows scalping
  • EverFX Offers STP

EverFX Trading Accounts Offered

Below we give an overview of the account types that EverFX offer. Whatever you are looking to trade, the varying EverFX account types will be able to provide you with what you need.

  • EverFX Standard account
  • EverFX STP account
  • EverFX Islamic account

Can I try EverFX?

EverFX provides a demo account that enables individuals to explore trading before investing their funds. By creating a EverFX practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the EverFX demo account can help individuals to make informed decisions before investing their money.

Open a demo EverFX account to practice and trade.

Your capital is at risk

EverFX withdrawal and funding methods

It's essential to remember that the payment methods provided by EverFX vary based on the EverFX entity and the EverFX client's country of residence. To view the EverFX payment options available, you can log into your EverFX member's area.

EverFX offers various funding payment methods listed in your EverFX dashboard if available in your region. To learn more about the EverFX funding and withdrawal options available in your area, you can explore the EverFX website.

EverFX provides several payment methods for funding your EverFX account. You may utilize any of these deposit options if they are available in your region. EverFX ensures that users have multiple payment methods to choose from, making it more convenient for verified EverFX account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the EverFX user's location. learn more about EverFX funding and withdrawal methods.

EverFX Payment Methods

Some EverFX payment methods are local and are available only to specific regions. EverFX account holders should check which payment methods are provided in your region.
  • EverFX accepts Debit Cards
  • EverFX accepts Credit cards
  • EverFX accepts Electronic wallets (eWallets)
  • EverFX accepts Bank Transfer
Broker everfx IC Markets Roboforex eToro
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes No Yes
Skrill No Yes Yes Yes
Payoneer No No Yes No
Neteller No Yes Yes Yes

*please note available EverFX and other broker payment methods depend on the clients country of residence.

How can I start trading with EverFX?

To open a trading account with EverFX, individuals can sign up on the EverFX website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for EverFX account validation and making a deposit. Once completed, EverFX users can download the trading platform of their choice.

It's important to note that EverFX requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps EverFX maintain a trustworthy financial environment for its 10,000 users. Detailed information on the EverFX trading platforms is available on their website.

Your capital is at risk

Performing trades with EverFX

When using EverFX, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. EverFX have a max trade of varies. With STP execution on the EverFX platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing.

Like other brokers, EverFX margin requirements can differ depending on the traded instrument.

CFD Trading on EverFX

We will show you an example of the basics of using EverFX leverage.

CFD trading on EverFX allows traders to speculate on the price movements of various financial instruments against the broker EverFX, without actually owning real assets. With CFDs, EverFX traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

EverFX provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, EverFX leverage profits and losses are magnified when trading. For instance, using CFDs, you use the EverFX trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, EverFX leverage magnifies both profits and losses in trading.

Trading CFD trades on the EverFX platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced EverFX traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk

Education Resources at EverFX

To trade effectively with EverFX, it's important to have a good understanding of the EverFX trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with EverFX and externally.

EverFX . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with EverFX. Familiarizing yourself with the EverFX trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using EverFX. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with EverFX involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like EverFX, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with EverFX. Explore the EverFX platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with EverFX, before live trading.

Customer Support at EverFX

As part of our EverFX review, we review customer service options, response times and problem resolution effectiveness on the EverFX trading platform. The EverFX trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

Based on our experience, we have given EverFX a D grade for customer support. We encountered some slow response times or EverFX queries that were left unanswered.

Compared to other brokers, EverFX offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at EverFX

Our team tested the live chat support of EverFX and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.

In addition, we tested EverFX support services in various countries and languages and found that EverFX were able to effectively resolve our customer issues.

Email Support at EverFX

We tested the email support of EverFX by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any EverFX response.

The EverFX team did resolve and answer our queries, but the email support from EverFX was overall average compared to other brokers we have tested.

Phone Support at EverFX

We contacted EverFX via phone and received quick assistance within 10 minutes of our call.

The EverFX phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by EverFX and found that they could assist us in various languages.

While we found the EverFX phone support satisfactory, there is room for improvement in response time.

See how EverFX Support Compares Against Other Brokers

Broker everfx IC Markets Roboforex eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit EverFX Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 79% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with EverFX

As EverFX is regulated by Cayman Islands Monetary Authority (CIMA).

As a new client of EverFX, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with EverFX in your region. During the EverFX account opening process, you will be asked to provide EverFX with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with EverFX have the following documents available.

  • EverFX require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for EverFX compliance. This must be dated within the last six months.
  • If you plan to fund your EverFX account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the EverFX platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under EverFX Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring EverFX's platform.

However, remember that you won't be able to make trades on EverFX until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the EverFX KYC compliance process as soon as possible to avoid any delays in accessing the EverFX platform's features.

It is important to note that EverFX may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the EverFX platform and features immediately. However, you must pass the verification process to start live trading with EverFX, which can take up to a few business days.

To start the process of opening an account with EverFX you can visit the EverFX trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://everfx.com/ on March 28, 2023.

Is EverFX A Good Broker?

We have spent over 5 years examining EverFX in depth. Although we found some very useful aspects of the EverFX platform that would be useful to some traders. We feel that a alternative to EverFX may better suit you.

  • EverFX have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, .
  • EverFX has a history of over 15 years.
  • EverFX has a reasonable sized customer support of at least 10.
  • EverFX are regulated by the Cayman Islands Monetary Authority (CIMA). EverFX is subject to strict regulatory oversight from its respective jurisdiction, which holds EverFX (the broker) accountable for misconduct. This regulatory framework helps ensure that EverFX operates fairly and transparently and provides EverFX customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and EverFX.
  • EverFX have regulation from reputable regulators.
  • One of the advantages of using EverFX is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from EverFX are particularly important as EverFX traders want to receive their money quickly. With the efficient EverFX payment processing system, traders can enjoy faster access to their EverFX funds.
  • EverFX have an international presence in multiple countries. Including local EverFX seminars and training.
  • EverFX can hire people from various locations in the world who can better communicate in your local language.

EverFX Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

EverFX not quite right?

If after reading this EverFX review, EverFX does not fulfill your needs check out these EverFX Alternatives.

Click here to view the best EverFX Alternatives

We have spent years researching the best alternatives to EverFX. Click the links below to learn more.

After extensive research over several years, we have compiled a list of the most effective EverFX alternatives available today. If you are unsatisfied with EverFX or want to explore other options, we recommend checking out our carefully curated list of highly-rated EverFX alternatives. Follow the links below to learn more about these EverFX broker alternatives and choose the one that best suits your trading needs.

Related EverFX Vs Comparisons

Throughout our comprehensive EverFX review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing EverFX against other popular brokers in the industry, check out our EverFX Vs pages. Our team has compiled a series of detailed EverFX comparison articles, pitting the EverFX platform against some of the best-rated EverFX competitors in the market. Dive into our informative EverFX Vs pages below to find out how EverFX stacks up against other leading brokers.

EverFX review
EVERFX Frequently Asked Questions

Read our detailed EverFX FAQ Section updated for 2023.

Can I try EverFX?

EverFX do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do EverFX accept?

Please note that the list of payment methods below depends on the EverFX Entity and the client's Country of Residence.

EverFX offer the following funding payment methods Debit Cards, Credit cards, Electronic wallets (eWallets), Bank Transfer, among other payment methods.
Learn more here

Your capital is at risk

Is EverFX safe?

EverFX have over 10,000 users. EverFX are considered reliable as they are regulated by and checked for conduct by the Cayman Islands Monetary Authority (CIMA). Any payments funded to EverFX accounts by traders are held in a segregated bank account. For added security,EverFX use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with EverFX is risky, and because the market is so volatile, losses could happen at any time.

Your capital is at risk

Is EverFX trading good?

EverFX is considered good and reputable to trade with EverFX. EverFX is used by over 10,000 traders and EverFX users. EverFX offers Forex trading, CFD trading, Spread Betting trading, Social trading, and trading. Minimum deposit with EverFX is 10000.

Is EverFX trading Legit?

EverFX was founded in Cayman Islands in 2008. EverFX has been facilitating trade on the financial markets for over 15 years. EverFX offers clients Forex trading, CFD trading, Spread Betting trading, Social trading, and trading. All funds deposited to EverFX are held in segregated bank accounts for security. EverFX is regulated by Cayman Islands Monetary Authority (CIMA) so can be considered legit.

Is EverFX a good broker?

EverFX allows Forex trading, CFD trading, Spread Betting trading, Social trading, and trading. EverFX is overseen by the top tier financial regulators Cayman Islands Monetary Authority (CIMA) so can be considered a good broker.

Is EverFX trustworthy broker?

EverFX is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to EverFX, money is in a segregated bank account that is separate from EverFX company's funds. As a regulated broker, EverFX cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by EverFX. Instead, your EverFX funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with EverFX. Also EverFX is regulated in its local jurisdictions including major financial regulators like Cayman Islands Monetary Authority (CIMA).

What is the minimum deposit for EverFX?

The minimum deposit to trade with EverFX is 10000.

How long do EverFX withdrawals take?

Withdrawing money from EverFX processing time varies depending on the method but averages 1-5 days.

Is EverFX regulated?

EverFX is regulated by the Cayman Islands Monetary Authority (CIMA). Regulatory bodies conduct regular reviews and audits as part of EverFX maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is EverFX a market maker?

EverFX is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by EverFX even if no buyer or seller is lined up.

How can I start trading with EverFX?

When opening a trading account with EverFX, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on EverFX trading platforms, you can follow the link provided below: Learn more about signing up with the EverFX trading platform here. This will provide useful information and insights into the various trading platforms offered by EverFX, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with EverFX?

Yes your money is safe with EverFX.

Overall, strict financial regulation is essential for ensuring that trading platforms like EverFX operate fairly, transparently, and responsibly, which ultimately benefits all EverFX stakeholders involved.

Trading platforms like EverFX must have strict financial regulation for several reasons:

  • Protecting EverFX Investors: Strict financial regulation ensures that investors who use the EverFX trading platform are protected against fraudulent or unethical behavior by the EverFX platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the EverFX platform.
  • Maintaining EverFX Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the EverFX trading platform. Regulatory procedures reduce the likelihood of the EverFX platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing EverFX Transparency: Regulations require trading platforms like EverFX to maintain detailed records and disclose EverFX client information. Financial regulatory requirements enhances transparency and helps to build trust between the EverFX platform and its investors.

EverFX is regulated by the Cayman Islands Monetary Authority (CIMA). When selecting a broker such as EverFX, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, EverFX ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like EverFX.

Is EverFX a con?

EverFX is regulated and well established, having been in business for over 15 years. EverFX is not a con.

Can you make money with EverFX?

Although traders have had great success with EverFX, trading on the financial markets with EverFX is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does EverFX have fees?

EverFX withdrawal fees vary on payment method.EverFX does charge a fee for inactive accounts. EverFX do charge deposit fees.

When was EverFX founded?

EverFX was founded in 2008.

How many people use EverFX?

EverFX is used by over 10,000 registered EverFX users.

What is EverFX Headquarters country?

EverFX has its head quarters office in Cayman Islands .

Does EverFX offer negative balance protection?

EverFX does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does EverFX offer guaranteed stop loss?

EverFX does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does EverFX allow scalping?

EverFX offers scalping.

Does EverFX allow hedging?

EverFX does not offer hedging.

Does EverFX offer CFD trading?

EverFX offers CFD trading.

Does EverFX offer STP?

EverFX offers STP trading.

How many people use EverFX?

EverFX is used by over 10000 EverFX users and traders.

Is EverFX an ECN broker?

EverFX does not offer ECN trading.

Does EverFX offer a demo account?

EverFX does not offer demo account.

Does EverFX offer an Islamic account?

EverFX offers an Islamic account.

What are the funding methods for EverFX?

Please note that funding methods and options available with EverFX can be found in the EverFX Members area and depend on the EverFX clientโ€™s country of residence. Please check your specific available payment methods on the EverFX website. EverFX accept the following funding methods : Debit Cards,Credit cards, Electronic wallets (eWallets),Bank Transfer.

EverFX review written by Andrew Blumer and Mark Hansen

We hope you found our review of the EverFX brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

EverFX review written by Mark Hansen of Comparebrokers.co