If you are new to trading forex, you would want a broker that educates you on how to do it. Everfx provides extensive education to guide you through online trading. Here is more regarding this broker.
Who is behind the broker?
ICC Intercertus Capital Limited established this broker in 2016. The founder aims at providing you with access to financial markets around the world to help you gain returns from trading CFDs and forex. The company is located in the Cayman Islands.
CySEC has regulated the broker making it safe for traders to start. It protects you from the loss of funds and insolvency by using security measures such as the SSL encryption technology.
What sort of trading do they offer?
Everfx provides you with different tradable assets including indices, commodities, metals, currencies, bonds, and energies. It offers more than 100 tradable instruments.
What trading platforms are available and supported?
It provides solid trading platforms including STATUS and MT4. Most traders are familiar with MT4 which is a platform that is easy to handle and set up. It gives you customization options and offers great charting capabilities. You can use this platform on a tablet, PC or mobile version.
The STATUS platform is a social trading type that provides all the necessary information regarding Everfx. This platform allows you to access the forex market using the web-based version.
What types of accounts are available?
Everfx contains three types of accounts namely the standard, premium, and VIP. Everfx also offers Islamic account versions for the sake of Muslim traders.
Deposit and withdrawal options
Once you have tried trading on the demo account and are satisfied with the broker, you can start trading after making an initial deposit. Everfx offers different payment options including Skrill, Visa, Master card and bank wire transfer. Everfx does not set a minimum withdrawal amount.
Spreads, Leverage, Commission
Everfx is a straight through processing broker that has tight variable spread. The leverage and commission fees vary according to the type of account you are using. When using the premium or standard accounts, you get to trade commission-free. It has high leverage levels that reach 1:500. The problem with Everfx is that it does not offer free signals and bonuses.
Most customers like the way Everfx is attentive to their needs. They offer support through live chat, Facebook, email, telegram, and Viber. The FAQ page can also provide you with additional information.
- MT4 available
Most traders like using the Meta-trader platform. Everfx caters to the needs of different types of traders by proving a platform that has numerous indicators, chart types, and analysis tools.
- Low deposits
- It is regulated
CySEC is a popular body that regulates legit forex brokers. This increases the credibility of Everfx.
- No bonuses and promotions
A lot of customers complain about the broker not offering promotions and bonuses to them. We wish they included at least a welcome bonus.
Though Everfx needs to work on its reputation, it has solid market coverage and supports automated trading. It is keen on educating new traders and offers room for Muslim traders. It makes use of the STP execution model and has a low initial deposit. Beware that you may not be able to trade with this broker if you are in North America since they don’t accept traders from the region.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK