EverFX Review 2020

EverFX Rated 3/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
EverFX Review Screenshot

EverFX Guide - Read our In Depth 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, .

What is EverFX?

EverFX are an a global online financial trading platform and multi asset broker founded in 2008

Over 12 years later EverFX has grown to offering retail investors Forex trading, CFD trading, Spread Betting trading, Social trading, and trading.

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

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this EverFX review and assess how well the EverFX platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like EverFX can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of EverFX we breakdown the pros and cons. What EverFX are able to offer, what countries EverFX are available in. Who EverFX are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this EverFX review useful.

This review of the EverFX platform is very detailed. If you are interested in trading with EverFX in any capacity please take the time to read and research the whole EverFX review.

We have tried to explain the ins and outs of financial trading through the EverFX platform as plainly as possible so that you the trader are as informed as possible before you start to use the EverFX trading tools and depositing and withdrawing funds from EverFX.

Benefits of trading with EverFX

Open EverFX's Website

Your capital is at risk

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with EverFX like Forex trading, CFD trading, Spread Betting trading, Social trading, and trading. you should have confidence in EverFX and know that the management of your financial investments on the EverFX platform is in good hands.

At the bottom of this EverFX review you can also learn about some pretty good alternatives to EverFX

With this EverFX review we hope to help you see if EverFX is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding EverFX that will help you get off to a good start in the world of online trading.

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. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, CFD trading, Spread Betting, Social trading, are considered financial assets.

EverFX review
Features of EverFX

EverFX review
What you should know

EverFX offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, .

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.

EverFX review
Are EverFX safe?

When choosing a broker like EverFX the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 12 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.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to EverFX, this will be honored. If EverFX violate any regulatory rules their regulated status could be stripped.

EverFX review
Is my money safe with EverFX?

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 banks financial health and strength.

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

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

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

Having any money you deposit with EverFX means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if EverFX goes out of business for some reason.

Therefore, we can safely conclude that EverFX is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex trading, CFD trading, Spread Betting, Social trading, is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. EverFX also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding EverFX. let us look at the EverFX features in more detail.

Try creating two accounts when you are working with EverFX. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

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 eToro IC Markets XTB
Year Established 2008 2006 2007 2002
Head Office Cayman Islands Cyprus, UK Australia Poland
Regulation Cayman Islands Monetary Authority (CIMA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ EverFX users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit EverFX Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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

We have checked and EverFX is regulated and supervised by reputable organisations. You are able to check every EverFX supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with EverFX. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect EverFX traders and provide a safe trading environment.

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

EverFX review
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 nations including nations in Europe, Asia, Oceania, and Africa. Major countries EverFX covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. 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.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How EverFX Fees Compare Against Other Brokers

Broker everfx eToro IC Markets XTB
Min Deposit 10000 200 200 0
Withdrawal Fees $30 Yes No varies
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes Yes

EverFX review
EverFX Minimum Deposit

EverFX require a minimum desposit of 10000 GBP/USD 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.

Dont be scared off by brokers like EverFX charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

EverFX review
EverFX Withdrawal Fees

EverFX withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

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

EverFX review
EverFX Inactivity Fees

EverFX does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

EverFX review
EverFX Desposit Fees

EverFX does charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

EverFX review
EverFX Commission Fees

EverFX does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

EverFX review
What can you trade with EverFX?

Be aware that Different entities under EverFX Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

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

If you are looking at trading currency pairs EverFX offer over currency pairs.

Compare EverFX with eToro and IC Markets below.

Your capital is at risk

How EverFX Trading Options Compare Against Other Brokers

Broker everfx eToro IC Markets XTB
Instruments Available 93 2000 232 4000
Platforms MT4,iOS,MacBook,iPhone Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 65 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 31 19 21
Metals NO Yes Yes Yes
Energies NO Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 957 100 1696
UK Shares Yes Yes No 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 eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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.

An 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 making it easier to keep an eye on and execute your trades while you’re on the move.


See EverFX's platforms

EverFX review
Is the EverFX Trading Platform Secure?

EverFX safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. EverFX also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating EverFX.

EverFX review
EverFX Trading Platform Options

Once you have logged into your EverFX account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)

EverFX does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here

EverFX does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets 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 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with EverFX. You can learn more about the MT4 Platform 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 PC's and Apple Macintosh computers. EverFX MetaTrader 4 is compatible with the latest macOS Mojave. EverFX allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on EverFX

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade EverFX MetaTrader 4 on IOS Devices

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

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade EverFX MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. EverFX provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android EverFX MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade EverFX MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

EverFX MetaTrader 4 Advanced Trading Tools

The EverFX advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. EverFX offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade EverFX MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

EverFX MetaTrader 4 AutoChartist

EverFX Autochartist provides the world's first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

EverFX Trading benefits :

  • Allows scalping
  • Offers STP

EverFX Trading Accounts Offered :

  • Standard account
  • STP account
  • Islamic account

Can I try EverFX before I buy?

EverFX offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Your capital is at risk

EverFX withdrawal and funding methods.

Please note that the list of EverFX payment methods below depend on the EverFX Entity and the Clients Country of Residence.

EverFX offer the below funding payment methods. learn more about EverFX

EverFX Payment Methods

  • EverFX accepts Debit Cards
  • EverFX accepts Credit cards
  • EverFX accepts Electronic wallets (eWallets)
  • EverFX accepts Bank Transfer
Broker everfx eToro IC Markets XTB
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes No Yes
Neteller No Yes Yes Yes

How can I start trading with EverFX?

When opening a trading account with EverFX, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on EverFX trading platforms here.

Your capital is at risk

Performing trades with EverFX

EverFX allow you to execute a minimum of trade of varies. This may vary depending on the account you open. EverFX allow you to execute a maxium trade of varies. As EverFX offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the instruments.

EverFX Leverage and EverFX CFDs Explained

let's take a look at some of the basics of using EverFX leverage.

EverFX offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

EverFX leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the EverFX trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The EverFX leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

EverFX CFDs are typically used for short to medium term trades. For example EverFX intraday trading.

Education resources at EverFX

To trade effectively with EverFX, it's important to get a have a good understanding of the EverFX trading tools and the markets.

EverFX offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with EverFX.

Take time to look around the EverFX platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at EverFX

EverFX support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

EverFX have a D grade support rating because because sometimes the response was slow or our query wasnt answered. EverFX less customer support features compared to other brokers like live chat, phone and email support. 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

We tested the EverFX live chat and it works well. We sent messages to EverFX livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with EverFX support in multiple languages in multiple countries. EverFX where able to resolve our customer issues.

Email Support at EverFX

We sent several emails to EverFX and answer times overall were excellent. The fastest response from EverFX was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with EverFX, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from EverFX.

Phone Support at EverFX

We called EverFX and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The EverFX phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual EverFX team by calling in varying languages. EverFX made an effort to make sure our queries were answered.

Overall the phone support from EverFX was okay.

See how EverFX Support Compares Against Other Brokers

Broker everfx eToro IC Markets XTB
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, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit EverFX Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with EverFX

As EverFX is regulated by Cayman Islands Monetary Authority (CIMA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under EverFX Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore EverFX's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with EverFX you can visit the EverFX trading platform here.

CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from https://everfx.com/ on December 01, 2020.

EverFX review
Is EverFX A Good Broker?

We spent over 3 months examining EverFX in depth. Although we found some very useful aspects of the EverFX platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative EverFX broker.

  • EverFX have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, .
  • EverFX has a history of over 12 years.
  • EverFX has a reasonable sized customer support of at least 10.
  • EverFX are regulated by Cayman Islands Monetary Authority (CIMA). This means EverFX fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • EverFX have regulation from a Tier 1 reputable country.
  • EverFX has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • EverFX have an international presence in multiple countries. This includes local EverFX seminars and training.
  • EverFX are able to hire people from various locations in the world who can better communicate in your local language.

EverFX Risk Disclaimer

Your capital is at risk

EverFX review
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.

If you feel some of the above EverFX are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of EverFX alternatives below.

EverFX review
Related EverFX Vs Comparisons

We have covered allot in this EverFX review, If you want to see how EverFX compares side by side with other brokers check out our EverFX Vs pages.

If you would like to see how EverFX stands up against other brokers you can read some of our EverFX comparisons below. We compare side by side some of our top rated EverFX versus comparisons. Read our indepth EverFX VS pages below.

EverFX review
EVERFX Frequently Asked Questions

Can I try EverFX before I buy?

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 depend on the EverFX Entity and the Clients 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 are considered safe 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 banks financial health and strength.

Is EverFX trading good?

EverFX is considered good and reputable to trade with EverFX. EverFX is used by over 10000 active 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 12 years. EverFX offers clients Forex trading, CFD trading, Spread Betting trading, Social trading, and trading. All funds deposited to EverFX are held in segregated tier 1 bank accounts for security. EverFX is regulated by Cayman Islands Monetary Authority (CIMA) so can be considered legit.

Is EverFX a good broker?

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

Is EverFX trustworthy broker?

EverFX can be considered trustworthy. All money funded to EverFX is placed into a segregated tier 1 bank account. this means your money in not held by EverFX directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also EverFX is regulated by 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 but averages 2-5 days.

Is EverFX regulated?

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

Is EverFX a market maker?

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

How can I start trading with EverFX?

When opening a trading account with EverFX, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on EverFX trading platforms here.

Is my money safe with EverFX?

EverFX is regulated by Cayman Islands Monetary Authority (CIMA). One of the most important criteria for traders when choosing a broker like EverFX is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to EverFX, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is EverFX a con?

EverFX is regulated and well established having been in business for over 12 years. EverFX is definitely 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 varies on payment method. EverFX does charge a fee for inactive accounts. EverFX does charge deposit fees.

When was EverFX founded?

EverFX was founded in 2008.

How many people use EverFX?

EverFX is used by over 10000 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 means 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 guarenteed 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 a Islamic accounts.

What are the funding methods for EverFX?

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 editor 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 experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, 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