EverFX Review 2024

EverFX has closed. Please see the list of similar brokers or the Best Brokers List for alternatives.
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.
Please see the list of similar brokers or the Best Brokers List for alternatives.

2.5 / 5
EverFX is #108 in our CFD broker rankings.

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

$250
MT4, MT5, TradingCentral
Forex, stocks, commodities, cryptocurrencies
100% rebate bonus
Neteller, Skrill, Visa, Trustly, Giropay, PayPal, Yandex Money, QIWI, Alipay, Sticpay, Dragonpay

Forex Trading

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

Stock Trading

Trade stocks on the world's largest companies, including Facebook and Amazon.

CFD Trading

Trade leveraged CFDs in multiple markets.

Crypto Trading

Trade on popular cryptos, including Bitcoin.

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

EverFX Global is an international broker offering trading in a range of financial markets, including forex and Bitcoin. The brand have however, been caught up in numerous cases involving unethical behaviour towards clients.

We have received a number of complaints regarding EverFX and advise all traders to stay away from the brand. 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 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 a former sponsor of Sevilla FC. The football club have since distanced themselves from the brand however.

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:

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:

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:

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 significant 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).

Unfortunately there are numerous cases where account managers from EverFX try and ‘on-board’ EverFX clients to other, unregulated, brands. At this point the clients become victims of frauds – though the paper trail shows they willingly moved funds away from EverFX – making it harder to make claims with the regulator.

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:

Accounts

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

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

Drawbacks

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:

Note that account managers are notoriously pushy and will hound traders to make further deposits, and/or move funds to unregulated brokers.

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  banks.

EverFX Verdict

EverFX have been implicated in far too many complaints for us to give them any other rating than 0. The regulation and advanced platforms are ruined by pushy account managers and using unethical methods.

Top 3 Alternatives to EverFX

Compare EverFX with the top 3 similar brokers that accept traders from your location.

  1. AvaTrade – AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.
    Go to AvaTrade
  2. IC Markets – IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.
    Go to IC Markets
  3. FP Markets – Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to day traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.
    Go to FP Markets

EverFX Comparison Table

Compare EverFX With Similar Brokers
EverFX AvaTrade IC Markets FP Markets
Rating 2.5 4.9 4.8 4
Markets Forex, stocks, commodities, cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit $250 $200 $40
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Regulators CySEC, FSA, CIMA ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM ASIC, CySEC, FSA ASIC, CySEC, FSA
Bonus 100% rebate bonus
Education No Yes Yes Yes
Platforms MT4, MT5, TradingCentral WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade Iress, MT4, MT5, cTrader, TradingView, AutoChartist, TradingCentral
Leverage 1:500 1:30 (Retail) 1:400 (Pro) 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) 1:30 (UK), 1:500 (Global)
Payment Methods 11 13 14 15
Visit Visit Visit Visit Visit
Review AvaTrade
Review
IC Markets
Review
FP Markets
Review

Compare Trading Instruments

Compare the markets and instruments offered by EverFX and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare EverFX Trading Instruments
EverFX AvaTrade IC Markets FP Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes No Yes
Silver Yes Yes Yes Yes
Corn No Yes Yes Yes
Crypto Yes Yes Yes Yes
Futures No Yes Yes No
Options No Yes No No
ETFs No Yes Yes Yes
Bonds No Yes Yes Yes
Warrants No No No No
Spreadbetting No Yes No No
Volatility Index No Yes Yes Yes

EverFX vs Other Brokers

Compare EverFX with any other broker by selecting the other broker below.

 

Customer Reviews

  1 / 5

This average customer rating is based on 2 EverFX customer reviews submitted by our visitors.

If you have traded with EverFX we would really like to know about your experience - please submit your own review. Thank you.

  1

Scam see documentary. Don’t fall for get rich quick schemes. Hard to get scammed if you’re not greedy.

DayTrading.com Notes

Yes EverFX was mentioned in a BBC news report on the subject of trading scams. Never allow yourself to be talked into trading (especially if someone else offers to do it for you) or depositing large sums of money.

✍ Dumb a** | 🌐 United States | January 18, 2024
  1

Awful scam broker. Don’t use them. Check all the press about them being dodgy. Stick to trusted forex brokers.

✍ Nicholas | 🌐 Cyprus | January 18, 2024

Submit Your Own Review of EverFX

If you have experience trading with EverFX please share your personal review of the broker and what you think are strong and weak points. Thank you.

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

FAQ

Where is EverFX Global regulated?

EverFX is a regulated broker operating under several authorities; CySEC, FSA and CIMA.

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 has been involved in unethical practices and accused of operating scams whereby account managers encourage traders to move their capital to unregulated entities.

We do not recommend trading with EverFX.

Is EverFX a legitimate broker?

EverFX offers a range of tradeable instruments, platforms and account types for novice and experienced traders.

However, we have received complaints regarding its operations, including account managers pressuring investors to move their funds to offshore firms. Clients then lose their money and regulatory safeguards.

This is a major red flag – consider alternatives.

Article Sources

  • https://www.bbc.com/news/world-65038949

The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com