EverFX Review 2023

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 #105 in our CFD broker rankings.

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

MT4, MT5, TradingCentral
Forex, stocks, commodities, cryptocurrencies
100% rebate bonus
Neteller, PayPal, Skrill, Visa, Trustly
and 6 more
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.


  • 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.


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.


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:


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.



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.

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.

Payment Methods

EverFX Details

Minimum Trade 0.01 Lots
Regulated By CySEC, FSA, CIMA
Islamic Account Yes
Mobile Apps Yes
Margin Trading No
Volatility Index No
Spot Trading No
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection No
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Yes
Social Trading Yes
Guaranteed Stop Loss No
  • Gold
  • Silver

CFD Trading Details

FTSE Spread Floating from 0 pips
GBPUSD Spread Floating from 0 pips
Oil Spread Floating from 0 pips
Stocks Spread Floating from 0 pips
Leverage 1:500

Forex Trading Details

GBPUSD Spread Floating from 0 pips
EURUSD Spread Floating from 0 pips
EURGBP Spread Floating from 0 pips
Assets 50+

Cryptocurrency Trading Details

Crypto Spread Floating
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • BTC
  • DSH
  • ETH
  • LTC
  • XRP

Top 3 Alternatives to EverFX

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

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. Interactive Brokers – Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Day traders can use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources.
    Go to Interactive Brokers
  3. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
    Go to World Forex

EverFX Comparison Table

Compare EverFX With Similar Brokers
EverFX IG Group Interactive Brokers World Forex
Rating 2.5 4.4 4.3 4
Markets Forex, stocks, commodities, cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Forex, Stocks, Commodities, Crypto Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account Yes Yes Yes Yes
Minimum Deposit $250 $0 $0 $1
Minimum Trade 0.01 Lots 0.01 Lots $100 0.01 Lots
Bonus 100% rebate bonus 100% Deposit Bonus
Education No Yes No No
Platforms MT4, MT5, TradingCentral MT4, AutoChartist, TradingCentral AlgoTrader, OmniTrader, eSignal, TradingCentral MT4, MT5
Leverage 1:500 1:30 (Retail), 1:250 (Pro) 1:50 1:1000
Payment Methods 11 6 11 10
Visit Visit Visit Visit
Review IG Group
Interactive Brokers
World Forex

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 IG Group Interactive Brokers World Forex
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes No Yes
Gold Yes Yes Yes Yes
Copper No Yes No No
Silver Yes Yes No Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No Yes Yes No
Options No Yes Yes No
ETFs No Yes No No
Bonds No Yes Yes No
Warrants No Yes Yes No
Spreadbetting No Yes No No
Volatility Index No Yes No No

EverFX vs Other Brokers

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


Customer Reviews

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


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

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