EverFX Review – Trading Platforms, Commission, Leverage, Account Types & more

EverFX is a forex company that operates online and has its clientele all across the globe.

It offers trading in a wide range of financial markets including forex, commodities, cryptocurrencies, and bitcoins.

In this EverFX review, and know all about its Commission, leverage, trading platforms, pros and cons, trading features, account types, regulations, customer support, trading hours, investment assets, and much more.

About EverFX & Accepted Countries

EverFX is a global trading platform that offers over 130 trading instruments of 6 different asset classes.

It is a legitimate broker founded in 2016 and owned by Georgios Karoullas, ICC Intercertus Capital Ltd. It is regulated by CySEC, CIMA, and FSA.

EverFX has its headquarter in Limassol, Cyprus. EverFX offers both MT4 and MT5 trading platforms along with Web Trader.

The Accepted countries of EverFX are Australia, South Africa, Singapore, Thailand, Sweden, United Kingdom, Hong Kong, India, France, Denmark, United Arab Emirates, Germany, Norway, Italy, Saudi Arabia, Kuwait, and most other countries.

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EverFX Trading Platforms

EverFX comes with two of the internationally recognized trading platforms that are MetaTrader 4 and MetaTrader 5.

Meta Trader 4 – It is a well-known platform acknowledged for offering various advanced features such as technical analysis tools, multiple order types, algorithmic trading, one-click trading, technical indicators, and a customizable interface.

It is a user-friendly and unswerving trading platform.

MetaTrader 5 – MT5 is an advanced version of MT4 and hence provides the most advanced features including 21 timeframes, 6 pending order types, 38 technical indicators, market depth feature, an economic calendar, a news feed, and many other offerings.

It is the most prevailing toolset for advanced trading.

Web Trader – it also offers a web Trader platform that has all the features of MetaTrader4 and can be accessed without having to download it.

EverFX Mobile App

EverFX App offers trading in 1000+ Currencies, Stocks, and Indices & Commodities.

It is compatible with both Android devices and iOS devices and you can download the app for free from the app store of your device.

For Android devices, you can download it from Google Play, and for iOS devices; you can download the app from Apple’s app store.

EverFX app offers charting and graphical tools to provide meticulous market analysis. It also offers fast execution through instant and pending orders.

Check out Mobile Apps of more Forex Brokers

EverFX Commission or Brokerage or Fees

EverFX commission charges vary from account to account.

The VIP account holders are liable to pay the commission charges ranging from $2 to $6 per lot depending upon the size of the trade.

It also offers competitive spreads. For the Entry account, the spread is from 1.5 pips.

Standard Account involves the spread starting from 1.2 pips; premium account involves spread starting at 0.8 pips.

The VIP account holders enjoy a tighter spread as low as 0.0 pip.

EverFX Exposure or Leverage

Different leverage is provided on various trading accounts of the EverFX trading platform depending upon the nature of the account.

For Entry and Standard accounts, the maximum leverage offered by EverFX is 500:1, for a premium account, the leverage is up to 400:1, and for VIP accounts, the leverage offered is up to 200:1.

The leverage may vary in each trading account depending upon the type of assets.

Payment Methods provided by EverFX

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Investment in Asset Classes or Markets by EverFX

EverFX provides an exceptional range of over 130 financial instruments.

With EverFX, you can trade in popular forex pairs such as GBPUSD, EURUSD, and USDJPY, Commodities such as coffee, wheat, cotton, etc, indices such as Nikkei 225, Euro Stoxx 50, etc, more than 5 cryptocurrencies including BTC, ETH, LTC, XRP, DSH, more than 5 currency pairs, metals such as gold, aluminum, and copper.

EverFX Virtual Trading or Demo Account

EverFX offers a demo account for all of its traders.

Though it is mainly designed for new traders, professional traders can also use a demo account to get a better understanding of the functionalities and technicalities of the real trading account.

The broker provides virtual money worth 10000 USD that traders can use to employ trading practices in the real market conditions to check their trading strategies without the fear of losing their real money.

EverFX Offers or Deals

EverFX offers various types of offers and deals from time to time including referral offers, Forex trading contests, and Trading Bonuses & Rewards.

It provides free Learning Courses and a free Demo Account for beginners.

The traders also get benefitted from free MT4 VPS, 100 % rebate bonus, gift points that users can collect to spend on gadgets like smartwatches, tablets, and smartphones, 10 % interest rate.

You can get more detail about the recent EverFX offers and promotions on its website.

EverFX Regulation or Licensing

EverFX was founded by Georgios Karoullas in the year 2016.

It is based in Cyprus and is regulated by one of the renowned Trading regulatory authorities that are CySEC (Cyprus Securities and Exchange Commission).

It is also regulated and licensed by the Cayman Islands Monetary Authority (CIMA) and the Seychelles Financial Services Authority (FSA).

Also, it follows the regulations and licensing standards of these authorities and hence ensures the complete safety and security of its clients.

Find out Regulations & Licensing of more Forex Brokers

EverFX Features

EverFX offers some of the crucial trading features that help the new traders and experts employ advanced trading practices. The features it provides are-

• Educational Material- EverFX provides a complete collection of educational material to its traders including webinars, free courses, and video tutorials, and the latest market updates.
• It also provides Newsroom and market analysis.
• EverFX offers multilingual support and assistance.
• There are many advanced trading tools that EverFX offers such as OCO orders, API Trading, VPS Services, Trailing SP/TP, trading from a chart, hedging, etc.
• It offers an economic calendar.

EverFX Account Types

Take a look at the types of accounts that the company is offering:

EverFX offers four different types of trading accounts with a range of competitive features to cater to the preferences of various traders.

The four accounts it offers are – Entry account, Standard account, Premium account, VIP account.

Entry Account

The entry account involves the initial deposit amount of $250. The leverage offered in this account is up to 500:1 and the spread starts at 1.5 pips.

The account holder also gets a bonus of up to 30%. The entry account holder can get an intro call from the account manager.

Standard account

This account involves a tighter spread starting from 1.2 pips with an initial deposit of $ 2500. The leverage is up to 500:1.

The offerings of this account are- a personal account manager, up to 50% bonus, and Trading Central.

Premium Account

The initial deposit amount required is $ 10,000.

The spread starts at 0.8 pips with a leverage of 400:1.

Additional features of this account are- Personal Account Manager, 100 % bonus, Trading Central, and monthly session with the senior market analyst.

VIP Account

It involves a higher initial deposit of $ 50,000 with a $2 to $ 6 commission per lot. Spread is as low as 0.0 pips with leverage of 200:1.

The account offers –personal account manager, Trading central, exclusive strategies, weekly sessions with senior market analysts, etc.

EverFX Trading Account Features

Check below all the trading account features under various account types:

EverFX – Research & Advisory

Find below all the different reports and support provided by its Research & Advisory team:

EverFX Benefits

The benefits are in abundance with EverFX. Let’s put some light on some of the significant benefits-

• Offers both MT4 and MT5 trading platforms along with Web Trader
• Provides automated trading tools.
• It is regulated by CySec, CIMA, and FSA.
• It offers VPS trading
• Offers cutting edge analysis with Trading Central
• Islamic accounts are available with competitive spreads and with no added fees.
• It offers PAMM
• Traders can use Social trading
• Provides a wide range of fund depositing and withdrawing options
• Gives comprehensive educational resources.

EverFX Cons or Drawbacks

Some of the drawbacks of EverFX are-

• It offers a demo account for a limited period.
• They don’t accept clients from the US, Canada, and Belgium.
• It does not provide signal service.
• Provides Islamic account only on request
• The initial deposit amount is quite higher as compared to competing brokers.
• Higher trading fees and spreads.

EverFX Trading Hours

The traders can access the EverFX Website 24X7 and access its services. The trading hour of EverFX depends upon the market trading hours.

The trading hours also vary as per the trading instrument.

You can visit the EverFX website and check the trade timings of the particular trading instrument.

EverFX Customer Care or Contact Details

EverFX provides 24×5 customer support to its traders.

The traders can contact the customer helpdesk via calling on the following phone numbers -00134 576 955 71, +357 25 885000.

It also provides email communication.

The traders can email their queries at support@everfxglobal.com.

It also provides a live chat facility for money traders associated with it.

EverFX Safety & Security

EverFX, being an international trading platform, is secured with industry-standard encryption protocols.

While logging in, Meta Trader platforms also provide a dual-factor authentication option.

It also provides segregated accounts to protect the trader’s funds and is adhered to the regulations of CySEC and follows strict cybersecurity and trader’s fund’s protection.

EverFX Rating & Reviews by Top10StockBroker

Based on different users and their experiences below are the company rating and reviews:

EverFX Forex Trading – Conclusion or Verdict

Here, in this article, we have offered a complete EverFX review to help you examine the trading platform and make your investment decision more confidently.

Compare the features of EverFX meticulously with other trading platforms to make your mind up.

EverFX Forex Trading FAQs

Here is the list of FAQs related to the EverFX Forex trading app:

Is EverFX Safe for Trading?

Yes, EverFX is safe for trading as it is regulated by the top trading regulatory authorities such as CySEC (Cyprus Securities and Exchange Commission).

It is also regulated and licensed by the Cayman Islands Monetary Authority (CIMA) and the Seychelles Financial Services Authority (FSA).

What is the Commission for EverFX?

EverFX commission charges vary from account to account.

The VIP account holders are liable to pay the commission charges ranging from $2 to $6 per lot depending upon the size of the trade.

How to Open a Trading Account with EverFX?

Navigate the webpage and click on the option “Create my account”. you will get four account options, choose your preferred account and submit the form after filling it.

Now perform the EKYC round, and fund your account to get login credentials.

Can I invest in Cryptocurrency with EverFX?

Yes, you can invest in more than 5 cryptocurrencies with EverFX including BTC, ETH, LTC, XRP, and DSH.

What leverage does EverFX provide?

For Entry and Standard accounts, EverFX provides the maximum leverage offered is 500:1, for a premium account, the leverage is up to 400:1, and for VIP accounts, the leverage is up to 200:1.

Does EverFX have a trading app?

Yes, EverFX offers a trading app compatible with both Android and iOS devices. It comes with advanced features and a modern look.

How to contact EverFX customer care?

The traders can contact the customer helpdesk via calling on the following phone numbers -00134 576 955 71, +357 25 885000.

It also provides email communication and live chatting. The traders can email their queries at support@everfxglobal.com.

Is EverFX Regulated?

EverFX is regulated by some of the renowned Trading regulatory authorities such as CySEC (Cyprus Securities and Exchange Commission), the Cayman Islands Monetary Authority (CIMA), and the Seychelles Financial Services Authority (FSA).

It follows the regulations and licensing standards of these authorities and assures absolute safety and security of its clients.

Is EverFX good for Beginners?

EverFX offers a Demo account and a complete trading academy to help the new traders learn the trading traits and enhance their trading skills.

It provides virtual money to the demo account holders to practice trading in the real market without investing their real funds.

Who founded EverFX?

Georgios Karoullas founded EverFX in 2016. It is headquartered in Cyprus and is regulated by Cysec, FSA, and CIMA.

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