EverFx Reviews and Ratings 2019 | A Short Guide

The best brokerage house – EverFx, why trading with this broker and what EverFx does better compare to other brokers

We’re going to elaborate EverFx review in order to make it easier for you to take a righteous decision. EverFx brokerage house operates under two licenses, European and Global with details regarding regulators below:

EverFx Global is a trade name of ICC Intercertus Capital (Cayman) Limited. ICC Intercertus Capital (Cayman) Limited is authorized and regulated by the Cayman Islands Monetary Authority (CIMA), license no. 1444866 and authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with licensed number 301/16 and registration number HE 346662.

The difference between both is a leverage upgrade and more tradeable instruments, after the implementation of MIFID2. Trading with high leverage can result in considerable losses, and it may not be appropriate for every trader.

Now before moving to the details of EverFx review, let’s discuss something essential that will make you think.

Global Brand Awards gave EverFx the title of ‘Fastest Growing CFD Broker and Best New Multi-asset Broker’ in 2018.

While some of you dealt or not with brokers in the past, it is evident that those achievements are not earned easily. Going over reviews and scam sites, we noticed some complaints. Nothing out of the ordinary, every well-known broker has good and bad reviews. Any industry or service provider has complained but not because they are wrong but rather, because you can’t satisfy everyone.

EverFx Review
EverFx Review

Especially where money is involved and its human nature to blame whoever if we lost money. Before explaining services, I want to clear the mist covering brokers and reviews. People are looking for websites that claim to identify fraud and scam brokers, taking advantage of naïve users. How commercial sites are working and how do brokers get hold of your details? This is the question that we need an answer to.

When registering for financial news or claiming “free” bitcoins, “free” trading signals and many other social media related.

You give up your information by ticking terms and conditions without reading it. Brokers are paying these “affiliates” to get their clients who do not violate data mishandling. In the same manner scam, brokers are paying the so-called “anti-fraud or anti-scam” websites to take down bad reviews about them while brokers who conduct their activity legally are hit with bad reviews.

Think about for a minute every time you go to a website where it says scam brokers. After reading the reviews, you get links to other brokers that supposedly are not a scam. Ever wonder why? Well is quite simple they promote brokers who pay more to advertise them as no scams. Educate yourself before trusting such websites, and It can’t be said that all are the same. But users lost more money with such recommendations switching from broker to broker. And still, trust issues.

What You Need To Know About Deposit and withdraws With Fast and Secure Procedures

Posting a bad review because you can’t withdraw is somehow out of place. First read carefully what requirements are in place before submitting a withdraw. Usually, for AML (anti-money laundering) additional documents are required. Provide your broker with the required correct documentation, and you can withdraw. Claims of money delays are because of Geo-position or banks.

Time zone, public holidays will very often shift from a 24h withdraw to 72h of weekends. Make sure you are aware of these terms, and you will have no misunderstandings. We have personally dealt with clients in the past who had such issues. Explaining them every point of how withdraws works saved both parties precious time and cleared any misunderstandings. Is EverFx the BEST broker? We can’t say that it is, but most certainly this broker is WELL ABOVE AVERAGE.

Let’s move on to EverFx Trading Broker and see what services and features it is offering to its customers who are perhaps not experienced traders or very experienced.

What Does EverFx Offer? Services and Features

In this EverFx review, you will get to know that this trading broker offers three accounts types, starting from the most popular; Premium, Standard and VIP. All are providing competitive spreads. All instruments are commission-free except for CFDs on shares which are subject to low commissions. Stopout levels are different depending on which account you’re using. Stopout is 20% for standard accounts, 30% for premium and 60% for VIP.

EverFx

EverFx offers both demo and live trading accounts. Opening an account with EverFx means accessing excellent trading conditions, diversity of instruments, necessary support, and more benefits. A couple of active clients were kind enough to disclose their experience with EverFx. And from 28 interviewed clients 19 claimed to be very satisfied while the remaining nine not so impressed.

After reengaging with 9 of their clients who were not so satisfied, we asked them the reason. The clients claimed that some losses could be avoided if appropriately managed.

How EverFx Protects Its Customers Data and Details?

EverFx is registered with Cyprus Investment Firm (CIF) with their registration number being: HE346662. EverFX is also a member of the Investor Compensation Scheme which helps it to protect approximately $22.5k of the funds of its customers if there is a loss due to fraud or the broker isn’t able to pay the debts; broker insolvency. They also keep the customers’ funds in an enhanced security environment and segregated tier 1 European bank accounts for further protection. EverFx also has improved its security layers to SSL (Secure Socket Layer) encryption that also helps to keep confidentiality and overall security of customer information.

EverFx Trading Platform

EverFx features the top-notch trading platform that is known as MT4 or Meta Trader 4 that is widely being used for Trading Options and Technical Analysis by the Traders. It is not just the all-time best Trading platform for Desktop but also one of the few best WebTraders platforms.

This platform has the best to offer you, no matter whether you are an experienced trader or not, EverFx is at its best to accommodate its customers with the best platform.

MT4 can be downloaded from the EverFx website for free, and it is usable for that only device.

MT4 has lots of built-in features for analysis and trading to make it easier for you to understand what is going on. It also has the fast execution timings for customers to avoid them to be frustrated.

EverFx is average at offering all the educational tools for more knowledge

Most probably it was a misunderstanding or miscommunication between account managers and clients. Google play and the App store have three separate applications for EverFx clients.

With a lack of understanding of why EverFx can’t provide trading signals from some is crystal clear. Conflict of interest is the tool stopping EverFx for generating signals. Think about it for a minute, let’s assume you work for the lottery, and you know the numbers for the next winning ticket if you played you risk termination of the employment/service contract. You are banned from working in any related jobs and last but not least, prison. Probably you may ask then why should I trade at all.EverFx

Well, trading can generate passive income, EverFx purpose is to educate its traders. Going back to the nine clients who don’t have the time to analyze the market and trade, EverFx allows third-party signal providers. Trading signals are not the right tool to enhance your potential profits. Many might argue about my statement, but surveys showed a 54% win to 46% loss when using trading signals. But it also facilitates its customers with the MT4 tool that we discussed earlier.

How can EverFx improve their services in terms of educating clients and tools

For now, they are mainly focusing on teaching traders clients proving 1-on-1 sessions with account managers. EverFx had webinars in the past but stopped publishing more since viewers were not attending. Most of the users preferred the recording version of webinars. However, some webinars designed for live events. Shortly, EverFx will provide new webinars where clients and users can interact on live strategies.

Other educational tools are provided in the form of eBooks and daily fundamental/technical analysis. Costumer support is on point, helping clients from uploading documents to funding/withdrawing. EverFx covers all aspects of trading on the MT4 is covered with personalized assistance from account managers. Regarding sessions, depending on the account you can have from one up to five sessions a week.

Spreads, Leverage, Swaps, and Instruments

EverFx strives to keep its clientele happy by providing higher leverage and better spreads. Here’s where double regulation comes in play, 1:30 for Europe and up to 1:500 on Global. For a better comparison below, we have the two separate plans.

 

EverFx

Probably you’re wondering on the VIP account what the specification means. When you open a trade, you usually expect spreads from ZERO, which may not be the case every time. Since spread markup is from ZERO, the EverFx is charging $4 per rounded lot, which means $2 when opening a position and $2 when closing regardless of profiting or losing the trade.

Conclusion

The overall conclusion to the EverFx review is that trading with EverFx can be the best choice in terms of leverage and multi-asset brokerage house. EverFx provides its clients with a fast withdraw system for debit/credit cards with an average of waiting time up to 24h. It has a great focus towards educating its clients which makes it easier for clients to trade in a more natural way and keep eyes open for analysis and market ups and downs. Plus, the trading options are awesome, and people are satisfied with their overall performance and services. So, from our side, EverFx is a good trading broker even if you’re a novice or an experienced trader. Hope it won’t disappoint you.

The EverFx review ranks with ★ ★ ★ ★ ★ because of its instant market execution, multi-asset broker and CFD as crypto.

5/5 (1 Review)

One Comment

  1. Overall, quite a good brokerage due to low spreads and stable platform. No restrictions on any strategies and robots.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

everfx
close-link
close-link