EverFX Trading Platform – Review, Top Features, Set-up Process, Benefits & moreLast Updated Date: Apr 29, 2022
EverFX provides the complete MetaTrader features to its traders in EverFX Trading platform.
MetaTrader 5 is one of the most advanced trading platforms and is considered the upgraded version of the MT4 trading platform.
At EverFX, the traders can access any of the trading platforms out of the three platforms it offers by choosing it at the time of account opening.
Here in this review, we will discuss the EverFX web trader trading platform and disclose its various features, benefits, setup process, owning process, and more.
Read the review carefully to understand its various offerings and its usability as per your needs.
About EverFX Trading Platform
EverFX is an international online brokerage firm that offers two of the most acknowledged trading platforms – MetaTrader 4 and MetaTrader 5.
Please note that MetaTrader 5 is the updated version of MetaTrader 4 and hence offers some of the most innovative trading features to help the traders excel in the field of trading and extract the best results.
MetaTrader 5 offers some of the exclusive features such as 38 technical indicators, 21-time frames, 6 pending order types, market depth feature, a news feed, economic calendar, etc.
On the other hand, MetaTrader also offers key features essential in trading such as multiple order types, algorithmic trading, technical analysis tools, one-click trading, customizable interface, technical indicators, etc.
EverFX offers a web trader trading platform to its users along with MetaTrader 4 and MetaTrader5.
Both MT4 and MT5 are easy-to-use and steadfast trading platforms that assure safe and secured trading with appropriate trading methods.
At the EverFX MT5, the traders can trade in more than 130 trading instruments of 6 diverse classes of assets.
Get Free Access to Platform – Open a Forex Account Now!
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EverFX Trading Platform – Top Features
The trading platform MetaTrader 5 offers advanced trading features in abundance to help the traders employ best trading practices.
MT5 trading platform features
Build-in MetaTrader market- this feature allows the traders to purchase or hire a trading robot or technical indicator.
It provides MQL 5 language to provide more possibilities of programming for complex and quick algorithmic trading.
It is that advanced feature that works with spontaneity and is user-friendly.
Best AI-based trading tool
MT5 is the trading platform that provides a broader number of the market to its traders such as commodities, stocks, stock indices, and crypto.
The traders can benefit from the decision support and technical analysis tools, fundamental analysis tools, more types of market orders than MT4, and more technical indicators than MT4.
The MT5 trading platform also offers the economic calendar to assist and update its traders and provide them access to view more chart periods than MT4.
Both MT4 and MT5 trading platforms provide their traders with a range of educational materials to help them understand the upgrades in the trading field and develop the required trading skills.
It offers webinars, learning courses, a trading glossary, free audio video tutorials, the latest blogs on trading from the market professionals, and much more to keep the traders updated.
The EverFX online trading platform also has some significant trading features such as OCO orders, Trailing SL/TP, API trading, Depth of Market, BackTesting, Additional pending order types. VPS Services, Trading from the chart, offers Hedging, Trading Central, and others.
How to set up an EverFX Trading Terminal?
The process of setting up the EverFX trading platform is straightforward.
You can set up the trading platform while creating your trading account with the EverFX trading company. The steps to set up a trading platform with EverFX are as follows-
- Visit the website of EverFX and search for the account opening option. Click on the option ‘create my account’.
- When you click, a short form will appear asking for necessary details about you before allowing you to proceed further. Fill the columns with accurate information and submit it.
- Now you will get the option of choosing the trading platforms.
- You will get three options: MetaTrader 4 trading platform, MetaTrader 5 trading platform, and web trader. Choose your preferred option and proceed.
- Now the next step is to register with the broker. An application form will appear with some of the significant columns demanding your necessary information.
- Fill the form with accurate information and submit it.
- The next step is the Verification step wherein you are required to show your important documents to the broker such as PAN card, Passport, identity proof, bank statements, residential proof, credit cards, debit cards, photographs, etc.
- The broker may also ask you to submit scanned copies of these documents.
- Lastly, you will be required to deposit the initial deposit amount and trading fees from your preferred payment option out of the many payment options given by the broker.
After following all these steps, it will take around 24 hours for the broker to approve and open your account.
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How to Own EverFX Web Trading Platform?
EverFX trading platforms provide superior compatibility with all types of latest devices and Windows PC.
The trading platform is available on android devices and iOS devices such as iPad and iPhones.
The EverFX MetaTrader 5 is also available on web browsers where the traders can directly log in to their trading account online and start trading in the live forex market.
To own the Trading Platform, download the trading platform from the app store of the particular device you want to use.
For example- download the app from Google play store for android devices and apple’s app store for iOS devices.
The trading platforms are available for free at the app store and do not involve any kind of charges to download it on your device.
After downloading, agree to the terms and conditions of the app and install it on your device.
Now, register the app and log in using the login credentials that you have received from the broker at the time of account opening.
After logging in, take a tour of the account; customize it as per your preference.
Choose your preferred financial instruments and trading tools, ascertain your trading strategies and execute your trade to achieve the desired results.
Advantages of EverFX Trading Platform
Some of the significant advantages of the MT5 EverFX trading terminal are-
- The MT5 trading terminal provides 3 chart types and 21-time frames from a 1-minute chart to 1 month.
- The traders can access 44 graphical objects.
- MT5 trading terminal provides real volume traded data.
- The MT5 online trading platform is a one-stop platform that covers a wider market including Forex, Stocks, and Futures.
- It offers the MQL5 language to program complex and faster algorithmic trading.
- It provides more than 20 analytical charting tools, more than 30 technical indicators, a free auto chartist tool, swap calculator, 9 timeframes and interactive charts, 39 languages, Expert Advisors integration with full support, complete downloadable history, one-click trading, and trading from charts.
- The MT5 trading platform is available on MAC, Windows, Android devices, and iOS devices.
- It is an easy and intuitive start-up and has been acknowledged as one of the best trading platforms across the globe.
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EverFX Trading Platform – Conclusion
In a nutshell, the EverFX trading platform can be concluded as the modern trading platform equipped with all the essential trading features that help the traders exercise their trading practices to the maximum to bring profitable results.
EverFX offers MT4, MT5 along with Web Trader to provide the most advanced trading tools and features to its clients.
It is also a regulated and licensed trading platform protected against cybercrime and other fraudulent activities.
So, it can be considered as one of the reliable trading platforms to trade with.
EverFX Trading Platform FAQs
Here is the list of FAQs related to the EverFX trading platform:
What is the EverFX Trading Platform called?
There are two EverFX trading platforms known as EverFX MetaTrader 4 trading platform and the EverFX MetaTrader 5 trading platform.
It also offers a web trader platform to its traders to employ the trading services online without switching to any trading app.
Does EverFX provide Web Trading?
Yes, EverFX offers web trading to its traders.
It provides a web trader trading platform along with EverFX MetaTrader 4 trading platform and the EverFX MetaTrader 5 trading platform.
Web trader is the trading platform used for web trading wherein the users can access their trading account online without having to download any app.
Web trading provides live forex prices and offers a more accurate trading opportunity.
Is EverFX Trading Platform Free to use?
Like all other trading platforms, EverFX also charges particular brokerage fees for its trading services.
The traders have to pay the brokerage fees at the time of account opening to use the trading account and executer trading practices.
However, the traders can use the demo account for free for a particular period and use the virtual money to buy or sell the assets in the real forex market without paying any kind of trading fees.
How to download EverFX Trading Terminal?
When you visit the web page of EverFX, visit the ‘open my account’ option.
Now you will get three trading platforms options- MT4, MT5, and Web Trader.
Choose your preferred trading platform and proceed further with the account opening option to get your account opened with your preferred trading platform.
What features does the EverFX Online Trading Platform have?
The EverFX online trading platform has some significant trading features such as OCO orders, Trailing SL/TP, API trading, Depth of Market, BackTesting, Additional pending order types. VPS Services, Trading from the chart, offers Hedging, Trading Central, and others.
Can I trade in Shares via the EverFX Trading Platform?
No, EverFX Trading Platform does not provide shares for trading.
You can trade in forex, indices, commodities, stocks, and CFDs via the EverFX Trading Platform.
Is EverFX Trading Terminal good?
EverFX is a well-known trading platform regulated under the top regulatory authorities such as CySEC (Cyprus Securities and Exchange Commission), Cayman Islands Monetary Authority (CIMA), and the Seychelles Financial Services Authority (FSA).
It is also secured with industry-standard encryption protocols and assures the traders of the complete safety of their accounts and funds.
Can EverFX Web Trading Platform be used without EKYC?
EKYC is an essential part of any trading platform as it validates the identity of the user the company is going to be associated with, and also reflects the financial background of the prospective account holder.
At EverFX Web Trading Platform, EKYC is a significant process that needs to be done.
Does EverFX Trading Platform provide Tips?
No, EverFX Trading Platform does not provide Tips.
How to Buy Currencies via EverFX Web Trading Platform?
Simply visit the app, choose your preferred financial instruments, but the quantity of the currencies you want to buy, and click on the buy button to proceed with buying the currencies.
Get Free Access to Platform – Open a Forex Account Now!
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