EverFX Commission or Brokerage Charges – Review, Plans, FAQs and more

Know everything about EverFX Commission or Brokerage Charges here.

Online Trading is the latest trend that has come up with some of the fruitful results in the field of investment.

Nowadays, budding traders are involved in online trading and looking for some of the best trading platforms that can offer them the best and advanced trading services at the most competitive commission charges and other trading fees.

In this review, we are going to discuss all EverFX trading platforms and their various commission charges and brokerage charges.

Compare the charges of each trading account to make a smarter investment decision.

EverFX Commission or Brokerage Charges

EverFX brokerage charges are designed differently for all four different trading accounts it offers. Each of the accounts is planned for different categories of traders.

The entry account is intended for the new traders and hence it involves comparatively much lower brokerage charges.

Similarly, the standard account includes relatively high charges, followed by higher charges of Premium Account and VIP account respectively that are designed for the professional traders.

The minimum deposit amount for each of the accounts varies from $ 250 to $ 50,000.

Also, the spread charges are tighter for the VIP account and start from 0.0 pips, whereas for the Premium account the spread charges start from 0.8 pips.

For the standard account and the Entry account, the spread charge starts from 1.2 pips and 1.5 pips respectively.

EverFX follows a commission-fee structure for its entry account, standard account, and premium account but the VIP account imposes specific commission charges that vary from $ 2 to $ 6 per lot based on the type of the financial instrument and the volume of the trade.

The leverage offered for the VIP account is 200:1, for the premium account is 400:1 and for the standard and entry account, it can be extended up to 500:1.

Fill up the Form – Open Forex Trading Account Now!

More Related Articles on Forex Commission Charges

Types of EverFX Commission Plans

EverFX trading platform comes with four different types of trading accounts designed with different features and special EverFX commission plans that suit the trading requirements and budget of all types of traders. The EverFX commission plan is as follows-

Entry Account

As the name suggests, an Entry account is meant for beginners who are new to trading.

The minimum deposit amount required to be paid by the trader at the time of account opening is $250. The spread for the entry account starts from 1.5 pips.

The account does not levy any commission charges on the users and offers the maximum leverage of 500:1.

Standard Account

The minimum deposit amount for the standard account is 10 times of the entry account that is $2500.

The standard account is designed for seasoned traders. The spread starts at 1.2 pips for standard account users. This is also a commission-free account and offers maximum leverage of 500:1.

Premium Account

The premium account is for the premium users who need to pay the minimum deposit amount of $ 10,000 at the time of account opening.

The account offers comparatively tighter spreads that start from 0.8 pips with the maximum leverage offered is 400:1.

EverFX follows the zero-commission fee structure for a premium account.

VIP Account

The VIP account holders need to pay the minimum deposit amount of $ 50,000 at the time of opening the account.

The spread is kept fixed for the VIP account and the commission charges are also imposed.

The commission charges depend upon the size of the trade and the type of financial instrument.

The maximum leverage offered for VIP account holders is 200:1.

EverFX Account Opening Process

The account opening process with EverFX Account is straightforward and follows some steps-

Visit the webpage of the trading platform and search for the account opening option.

There will be choices of four different trading accounts out of which you can choose one as per your preference.

After choosing the preferred trading account, you will get a short form asking for your name, address, phone number, and country to get your basic details.

Fill in the data and submit the form.

Now, the next step is the EKYC process. Keep your important documents with you while proceeding with the EKYC step.

You may have to show or submit the scanned copies of your identity proof, PAN card, passport, bank statements, and address proof.

After the EKYC process, the next step is Account registration. Fill the entire form with all the accurate information and submit it.

After following all these steps, the broker will take around 3 working days to approve your account and send you the login credentials in your email.

Now, you can log in to your account, deposit fund, and access the account to know its various features and start trading.

EverFX Payment or Withdrawal Methods

There are different types of online trading platforms available with the most futuristic and advanced trading features and tools.

But while switching to any of the trading platforms, it is imperative to know about all payment or withdrawal methods the trading platform is offering.

The payment or withdrawal method should be easily accessible, charge-free, or imposed with low charges, and can be performed instantly.

EverFX brokerage plan offers an assortment of find deposit options and fund withdrawal options to its traders to make it convenient for them to fund their account or withdraw their fund quickly as and when required.

The deposit methods of EverFX are- Alipay, Giropay, Neteller, PayPal, QIWI, Skrill, Sticpay, Trustly, Visa, Yandex Money.

There might be a charge of 3 % fees while depositing funds with a credit card or Neteller.

The Withdrawal methods of EverFX are- Alipay, Giropay, Neteller, PayPal, QIWI, Skrill, Sticpay, Trustly, Visa, Yandex Money.

The user has to fill a request form and submit it to get the withdrawal process done. The withdrawal is processed within 24 hours after the client applies for the withdrawal request.

Check Similar Articles on Forex Commission / Plan Types

EverFX Investment Assets

EverFX trading platform provides investors a wide range of markets to invest in that includes currencies, commodities, indices, stocks, and cryptocurrencies.

There are more than 50 tradable assets to trade in at various trading accounts of EverFX.

It offers more than five types of currency pairs and metals like copper, gold, and aluminum at the EverFX platform.

The total number of cryptocurrencies EverFX offers is over five that includes some of the major supported crypto coins such as BTC, ETH, LTC, XRP, DSH.

The traders can invest in the renowned forex pairs such as EURUSD, USDJPY, and GBPUSD, indices such as Nikkei 225, Euro Stoxx 50, commodities such as wheat, cotton, coffee, etc.

EverFX Commission – Conclusion

EverFX is a well-known trading platform that caters to the trading needs of both the new traders and the seasoned ones with its four different types of trading account with a different set of budget.

In this article, you can have a comprehensive idea about various EverFX fees imposed on different accounts. Scrutinize the charges involved in each account meticulously and decide which trading account is more suitable for you as per your trading needs and budget.

Check Articles on Forex Commission & Plans

EverFX Charges or Fees – FAQs

Here is the list of FAQs related to the EverFX commission:

Do EverFX charge commission?

EverFX follows a commission-fee structure for three of its trading accounts including the entry account, standard account, and premium account.

But for the VIP account, it imposes some particular commission charges that may vary from $ 2 to $ 4 per lot depending upon the size of the trade and the type of the financial instrument.

How much does EverFX charge brokerage?

EverFX follows a commission-fee structure for its entry account, standard account, and premium account but the VIP account imposes specific commission charges that vary from $2 to $6 per lot based on the type of the financial instrument and the volume of the trade.

The leverage offered for the VIP account is 200:1, for the premium account is 400:1 and for the standard and entry account, it can be extended up to 500:1.

The minimum deposit amount is $ 250 for the entry account, $ 2500 for the standard account, $ 10,000 for the premium account, and $ 50,000 for the VIP account.

The spread charges vary from 0.0 pips to 1.5 pips depending upon the type of trading account.

 What is the Minimum Deposit required in EverFX?

The minimum deposit required in EverFX differs from account to account. EverFX offers four different types of trading accounts and for each account, the minimum deposit amount varies depending upon its design.

For the Entry account, the minimum deposit amount is the most nominal which is $ 250. For the Standard account, the minimum deposit amount is $ 2500.

The amount rises to $ 10,000 for the Premium Account whereas EverFX charges the whopping amount of $ 50,000 for the VIP account.

How much leverage does EverFX provide?

EverFX provides different leverage for the different trading accounts.

For the entry account and the standard account, the maximum leverage offered is 500:1 whereas the maximum leverage offered for the premium account is 400:1 and for the VIP account, it is 200:1.

 How much is Spread at EverFX?

The spread charges for the EverFX platform vary for each of the trading accounts.

The spread charges are tighter for the VIP account and start from 0.0 pips, whereas for the Premium account the spread charges start from 0.8 pips.

For the standard account and the Entry account, the spread charge starts from 1.2 pips and 1.5 pips respectively.

In the EverFX fee plan, the spread charges may vary depending upon the volatility of the market.

 What type of Commission Plans are available in EverFX?

EverFX follows a commission-fee structure for its entry account, standard account, and premium account but for the VIP account, it imposes specific commission charges that vary from $ 2 to $ 6 per lot based on the type of the financial instrument and the volume of the trade.

The leverage offered for the VIP account is 200:1, for the premium account is 400:1 and for the standard and entry account, it can be extended up to 500:1.

 Does EverFX provide Cryptocurrency for Investment?

EverFX provides more than 5 cryptocurrencies for investment and has supported crypto coins such as BTC, ETH, LTC, XRP, DSH.

 Is EverFX a legit Forex Broker?

EverFX is a legit Forex broker as it is regulated by well-known regulatory authorities including CySEC (Cyprus Securities and Exchange Commission), Cayman Islands Monetary Authority (CIMA), and the Seychelles Financial Services Authority (FSA).

Can I invest in EverFX for $5?

EverFX requires a minimum deposit amount of $ 250 that is to be paid by the account holders at the time of account opening and hence you can’t invest in EverFX with just $ 5.

 Are there any hidden charges available with EverFX?

All the charges that come under the EverFX charges plan are unveiled to the prospective account holder at the time of registration for the trading account only.

EverFX does not involve any hidden charges that are to be paid by the account holders at different time intervals.

Fill up the Form – Open Forex Trading Account Now!

Most Read Articles