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EverFX Review

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Editor's Review

EverFX
8.33
8 Security
8 Spreads
9 Customer Service

EverFX is an award-winning online trading brokerage with a global presence in the online trading industry. The brokerage was established in 2016 and is owned and operated by ICC, Intercertus Capital (Cayman) Limited. EverFX provides traders with unparalleled access to the global financial markets by offering the ability to trade forex and CFDs on a wide array of financial assets. The brokerage is based out of the Cayman Islands.

 

Trading Accounts

EverFX offers its clients a choice of several basic account types, depending on the initial investment. As this brokerage is a pure STP one, all accounts provide tight variable spreads, starting out at 0 pips. Commission fees and leverage, on the other hand, vary by account type.

In addition, EverFX offers swap free Islamic accounts, which are Sharia-compliant (for Muslim investors who are unwilling to earn and pay interest for religious reasons).

 

The Company & Safety of Funds

With EverFX you can trade in currencies, metals, indices, energies, commodities, and bonds on the good old MetaTrader 4. In addition, the brokerage offers high-quality educational tools. EverFX is a trademark of ICC Intercertus Capital Limited and is regulated by Cyprus Exchange and Securities Commission (CySEC).

 

Commissions & Spreads

All account types with EverFX offer one and the same variable spreads, which are pretty tight, averaged 0.3 pips on EUR/USD. Commission fees, however, vary from $4 to $8 per traded lot (round trip). So basically, trading costs on the Standard account are below 1 pip EUR/USD (spread averaged 0.2 pips on EUR/USD + $6 commission = approximately 0.8 pips) per standard lot. This is really competitive pricing, as most brokers offer spreads within the range of 1.0 – 1.5 pips for this pair.

 

Leverage

EverFX offers high leverage levels, reaching is 1:500. In an attempt to protect traders with the risks associated with trading at high leverage, the Cypriot financial watchdog proposed default leverage levels to be 1:50. Nonetheless, most Cypriot brokers still offer leverage ratios, which are significantly higher

 

Platform

EverFX offers two platforms to its clients. One of them is the most commonly used forex trading platform – MetaTrader4, available in all forms and shapes: for PC, MAC, tablet, mobile and web version.

 

Deposit & Withdrawal

The following payment methods are available to EverFX clients: credit/debit cards (Visa, MasterCard), bank wire transfer and e-wallet payment systems, such as Skrill, Neteller, and Webmoney.

There is no minimum withdrawal amount with EverFX.

 

Conclusion

EverFX is an FX and CFD broker that supports the popular MetaTrader 4 platform and utilizes a pure straight-through-processing execution model. Besides, it is duly regulated by CySEC to operate in all EU countries.

 


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