EverFX Review and Tutorial 2021

We do not recommend EverFX. We have received numerous complaints about account managers, and even staff at EverFX claiming to be connected with other brands and websites. Avoid.
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Stop United States not accepted.

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EverFX Facts & Figures

EverFX is an online broker offering trading in forex, stocks, cryptos and commodities.

Awards
• Fastest Growing Broker Europe 2019 - Global Brands Awards
• Best New Multi-Asset Broker 2018 - Global Brands Awards
• Best Online CFD Broker Middle East 2018 - International Business Magazine
Bonus100% rebate bonus
InstrumentsForex, stocks, commodities, cryptocurrencies
Demo AccountYes
Min. Deposit$250
Payment MethodsAlipay, Giropay, Neteller, PayPal, QIWI, Skrill, Sticpay, Trustly, Visa, Yandex Money
Min. Trade0.01 lots
Regulated ByCySEC, FSA, CIMA
MetaTrader 4Yes
MetaTrader 5Yes
cTraderNo
STP Account
ECN Account
DMA Account
Mobile AppsYes
Auto TradingYes
Social TradingYes
Copy TradingNo
Trade SignalsNo
Islamic AccountYes
CFD
Trade leveraged CFDs in multiple markets.
FTSE SpreadFloating from 0 pips
GBPUSD SpreadFloating from 0 pips
Oil SpreadFloating from 0 pips
Stocks SpreadFloating from 0 pips
Leverage1:500
Forex

Trade major, minor and exotic currency pairs with competitive spreads.

GBPUSD SpreadFloating from 0 pips
EURUSD SpreadFloating from 0 pips
EURGBP SpreadFloating from 0 pips
Assets50+
Cryptocurrency

Trade on popular cryptos, including Bitcoin.

SpreadFloating
CoinsBTC, ETH, LTC, XRP, DSH
Risk Warning – Your capital is at risk

EverFX Global is an international broker offering trading in a range of financial markets, including forex and Bitcoin. This review unpacks the MetaTrader 4 platform download, withdrawals, customer support, minimum deposits and regulation status. Find out if EverFX is the broker for you.

We have received a number of complaints regarding EverFX and can no longer recommend them. If you are contacted in a way which suggests EverFX have any connection to DayTrading.com, you are being misinformed and should cease communication with the parties involved immediately.

EverFX Company Overview

EverFX is a legitimate broker offering flexible funding options and 130 instruments across 6 asset classes. The global brokerage is owned by ICC Intercertus Capital Ltd and regulated by the CySEC, FSA and CIMA.

Headquartered in Limassol, Cyprus, EverFX is also a partner of the CashFX group and the current sponsor of Sevilla FC.

The owner and CEO put an emphasis on providing clients with powerful trading tools, market insights, and a 24/5 customer support team.

Trading Platforms

EverFX Global offers the popular MetaTrader 4 and MetaTrader 5 platforms, in addition to a web-based alternative.

MetaTrader 4

MT4 is a trusted option among traders, receiving excellent customer reviews. The system is known for its ease of use and reliability. Packed with technical analysis tools and multiple order types, it meets the needs of beginners and experienced traders alike.

Users benefit from:

  • Dozens of technical indicators & graphical tools
  • 9 timeframes & 3 chart types
  • Customisable interface
  • Algorithmic trading
  • One-click trading
EverFX MT4 platform
EverFX MT4 platform

MetaTrader 5

MT5 offers a powerful toolset to clients looking for advanced trading features. The sophisticated software download promises more execution options, analysis tools and customisability than its MT4 predecessor. Users benefit from 21 timeframes, 38 technical indicators, 6 pending order types, a market depth feature, plus a built-in economic calendar and newsfeed.

EverFX also offers a WebTrader platform. This browser-based alternative offers all the popular features of MT4 without the need to download any software.

Markets

At EverFX, clients can trade 130 financial assets:

  • Forex – Trade popular forex pairs, including the EURUSD, GBPUSD and USDJPY
  • Stocks – From Amazon to Facebook and Apple, shares in household names are available
  • Indices – Trade on world-leading indices, such as the Dow Jones, Nikkei 225 and Euro Stoxx 50
  • Metals – Gold, Aluminium and Copper offer an interesting alternative to forex and stock trading
  • Commodities – Trade futures on commodities such as coffee, cotton and wheat
  • Cryptocurrency – Trade 15 of the biggest brands including Bitcoin, Ethereum and Ripple

Spreads & Commission

The spreads offered by EverFX Global are generally competitive.

For Entry accounts, spreads start at 1.5 pips, for Standard account holders, spreads begin at 1.2 pips, for Premium account holders spreads begin at 0.8 pips, and zero-pip spreads are available with the VIP account.

Commission is payable for VIP account holders and it ranges from $2 to $6 per lot depending on your jurisdiction.

There is no information regarding overnight fees or other associated charges. We would recommend that traders contact the support team to avoid any hidden fees.

Leverage

Entry and Standard account holders can utilise leverage up to 1:500, Premium account holders up to 1:400 and VIP accounts, up to 1:200.

High leverage offers clients the chance to earn sizeable returns with little initial investment, however, leverage also carries significant risk.

Mobile Apps

As mobile trading continues to gain momentum, EverFX Global has ensured its services are available on Android and iOS devices.

The mobile app allows for detailed market analysis through charting and graphical tools, as well as fast execution through instant and pending orders. Risk management tools and push notifications can also be set up.

EverFX mobile trading
EverFX mobile trading

The app is available for download free of charge from the Apple App Store and Google Play Store.

Payment Methods

Payment methods vary depending on your jurisdiction, but include:

  • Credit/Debit card – Visa Mastercard
  • E-wallets – Skrill, Neteller, Alipay, QIWI
  • Online bank transfer

The minimum deposit is $250 with the Entry account but can reach $50,000 with the VIP account. Deposits are processed in real-time and at no charge, however, a 3% fee is charged with credit card and Neteller withdrawals. There is also a 1% charge with Skrill payments. Withdrawals from EverFX are usually processed in one business day and to make a withdrawal, clients need to fill out a request form.

Demo Account

EverFX does offer a demo simulator but you need a real-money account before you can open one. This is a real downside as it means clients can’t test the broker’s trading services before opening an account. There is also limited information on the website regarding the terms and conditions of a demo account. This is one area where EverFX falls down in this review.

Bonuses & Promos

EverFX offers a number of promotional offers. At the time of writing, clients can enjoy free MT4 VPS, a 100% rebate bonus, a 10% interest rate and a gift points promotion which enables clients to accumulate points to spend on smartphones, smartwatches, tablets and gold. For full terms and conditions, head to the EverFX website.

Licensing Status

EverFX is a trading name of ICC Intercertus Capital Ltd and is regulated by the Cyprus Securities and Exchange Commission, the Cayman Islands Monetary Authority (CIMA) and the Seychelles Financial Services Authority (FSA).

The broker adheres to the regulation and licensing standards required by the industry and clients should feel reassured that EverFX isn’t operating as a global scam.

Check local regulators, such as the FCA, for warnings about untrustworthy brokers.

Additional Features

EverFX offers clients several educational tools and resources suitable for both beginners and veterans:

  • EverFX Academy – webinars, courses & tutorials
  • Newsroom and market analysis
  • Multilingual support
  • Economic calendar

Accounts

EverFX offers four options, offering more competitive trading conditions as you increase your initial deposit:

  • Entry – $250 minimum deposit, spreads start at 1.5 pips, 1:500 leverage, up to a 30% bonus, intro call an from account manager
  • Standard –  $2,500 minimum deposit, spreads start at 1.2 pips, 1:500 leverage, up to a 50% deposit, account manager, market research and analytics from Trading Central
  • Premium – $10,000 minimum deposit, spreads start at 0.8 pips, 1:400 leverage, account manager, up to a 100% bonus, market research and analytics from Trading Central, a monthly session with senior market analyst
  • VIP – $50,000 minimum deposit, zero pip spreads, $2-$6 commission per lot, 1:200 leverage, up to a 100% bonus, personal account manager, market research and analytics from Trading Central, a weekly session with a senior market analyst, exclusive strategies, development of a business plan

Clients can login to their EverFX global account via the ‘sign in’ tab located in the top right of the broker’s homepage.

For more information regarding account structure or how to delete a trading account, clients should contact a member of the customer support team using the details below.

Benefits

  • CySEC, FSA and CIMA regulated
  • MT4 & MT5 platforms
  • Automated trading
  • Social trading
  • VPS trading
  • PAMM

Drawbacks

  • US clients not accepted
  • Limited demo account
  • No signals service

Trading Hours

The www.EverFX.com website is accessible 24/7. However, some markets are subject to specific trading hours. For more information regarding instrument-specific opening times, clients should contact the customer support team.

Customer Support

From the ‘Contact Us’ page, clients can choose between live chat or email support. There is also a callback form. You can contact the 24/5 support team in several languages:

  • Email – support@everfxglobal.com
  • Live chat – only available to real-money traders
  • Telephone number – 00134 576 955 71, +357 25 885000

Trader Security

EverFX’s global website and platforms are secured using industry-standard encryption protocols. MetaTrader platforms also have a dual-factor authentication option at login.

In compliance with CySEC regulation, client and company funds are separated and all funds are held by reputable banks.

EverFX Verdict

EverFX is a good, regulated international forex broker. Feedback and reviews left by clients are generally positive. The range of assets, accounts types and trading platforms are diverse and the spreads are tight. We also like the tiered account structure to suit different requirements.

Accepted Countries

EverFX accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use EverFX from United States, Belgium, Iran, Canada, Korea.

Alternatives to EverFX

If you are looking for alternatives to EverFX we have compiled a list of the top 5 brokers that are similar to EverFX below. This list of brokers like EverFX is in order of similarity and only includes companies that accept traders from your location.

  1. EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
  2. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
  3. ZuluTrade – Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
  4. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
  5. Forex.com – Forex.com boast a global reputation. Regulated in the UK, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.

FAQ

Where is EverFX Global regulated?

EverFX is a regulated broker operating under regulatory authorities; CySEC, FSA and CIMA. As a result, we’re happy the broker is legitimate and not a scam.

Does EverFX offer a swap-free account?

Yes, EverFX does offer a swap-free account. Clients can trade interest-free in compliance with Sharia law.

How much money do I need to trade with EverFX?

The minimum deposit to open an Entry account is $250. As you move up the account tiers, the minimum deposit rises, reaching $50,000 with the VIP account.

Which trading platforms does EverFX offer?

EverFX offers both the MT4 and MT5 trading platforms in addition to a web-based trading platform.

Does EverFX accept US traders?

EverFX does not accept clients from the US, Canada, Belgium or Iran.

Is EverFX Global a scam?

EverFX is not a scam. The broker is regulated in major jurisdictions by the CySEC, FSA and CIMA.

Is EverFX a legitimate broker?

EverFX offers a comprehensive range of tradeable instruments, popular trading platforms and a range of account types to suit both novice and more experienced traders. The company has established itself as a reputable broker.

EverFX is an online broker offering trading in forex, stocks, cryptos and commodities.

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