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EverFX Review 2023 Is EverFX a Scam or Legit Broker ️

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Hi, I have just invested £5000 in to the everfxint to open an account 4 days ago, I have spoken with a finance manager Jeff Sison who has invested for me. Today I have tried logging into my account but it keeps saying wrong password???? Can you confirm that Jeff Sison works for you and I am not being scammed with a mirror image of your company details. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I’m glad I found really helpful reviews which pointed me to R EFU ndc art /.

FCA highlights continuing concerns about problem firms in the CFD … – FCA

FCA highlights continuing concerns about problem firms in the CFD ….

Posted: Thu, 01 Dec 2022 08:00:00 GMT [source]

Another division of EverFX – Aerarium Limited is located in the Seychelles and is regulated by the FSA. Being in an offshore zone, the broker does not prove its reliable status. However, together with regulation from Europe, it makes EverFX a broker that meets regulatory requirements and offers legal terms. EverFX is a trading company based in Cyprus that operates worldwide and provides services in FX and CFD trading. As can be seen in EverFX reviews, out of 180 comments on Trustpilot, roughly 65% are 1-star rated. Many of those clients are coming from countries like the United Kingdom, Canada, Australia, Spain and France.

EverFX MetaTrader 4 Web

EverFx offers extensive educational opportunities including videos, webinars and eBooks. I think company is reliable, all clients funds are held in segregated accounts and are kept by the company separate from its own funds. That said though, its trading platform selection is superb, and its trading conditions are very attractive on its premium accounts. Its reputation could be better, but we haven’t really found any major red-flag raising issues in this regard either.

Another professional tool which is offered for free use to every trader is – Autochartist. Industry standards in online trading require a powerful platform to execute orders, thus the EverFX decided to mainstay at the market leader – MetaTrader4. A solid and dependable platform delivers a wealth of features, advanced charting and customization along with auto-trading capabilities.

Is EverFX a genuine company?

The EverFX is a brand name used by the ICC Intercertus Capital Ltd, which is a Cyprus registered company, respectively EU regulated investment firm registered with CySEC.

The broker supports instant payment options via Visa and MasterCard with a Commission of 0% for Deposit and 3% for withdrawal, As well as through Skrill and Neteller e-wallets. The EverFX offer includes such instruments as Forex and CFD currency pairs, stocks of major brands, indices of Europe, Asia, Australia and the United States, metals, commodities and cryptocurrencies. Moreover, Islamic traders can also participate in trading with EverFX, as it is possible to open an account without a swap.

Risk Warning:

It is, therefore, safe to say that this broker is committed to the highest regulatory standards. To move to a higher level of the account, you need to top up the Deposit with the specified amount. Please note that trading conditions may vary depending on the jurisdiction you choose. Classic account with a minimum Deposit of $ 2500 and a spread of 1.2 pips without commissions. An additional legal entity, ICC Intercertus Capital Limited, is located in the Cayman Islands and is registered with CIMA.

You can easily see the performance levels of other traders on the platform. You can cop their trades if you want to or you can simply use it as a research tool. They also have a built-in education platform you can use to upskill your trading knowledge. At EverFX, we offer several differentaccount types, each with specific benefits.

Still though, everything considered, the broker does not look like a scammer, despite some anecdotal evidence to the contrary. EverFX is a brokerage the theoretical reach of which extends pretty much to the entire world, with the exception of countries like the US, Canada, Belgium, Iran and North Korea. While its regulatory profile is indeed rather solid, it is still doubtful though that EverFX can indeed serve clients in all countries with the exception of the above named handful. Users of EverFx have to select the account type and then the amount can be entered. After entering the amount user want to invest than the user has to proceed with the payment.

As has been noted, the broker charges a commission for any withdrawal except for bank transfers. And I like that this company supports exactly this idea of modern trading, because it means that the company creates a professional environment for traders. Please note, that your account manager can provide you with options, but the final decicion to trade or to withdraw is up to you, no pressure. It is not a secret that your profit depends on volume of your trades, as well as the profit of the Company. So I decided to withdraw my money but my request was rejected. You also told me that I could withdraw after I have done everything as requested.

EverFX MetaTrader 4 Android

However, if we dig deeper into the analysis of this broker, we can find some potential issues that customers could have. The broker also offers an economic calendar which scans upcoming data releases and filters them according to the user’s preferences and strategy, from regions relevant to their forex trade. The company does make all of its legal documentation available on its website, which is an added level of transparency which some other brokers do not provide.

Customers claim they were lured into foreign exchange trading and lost hundreds of thousands of dollars – ABC News

Customers claim they were lured into foreign exchange trading and lost hundreds of thousands of dollars.

Posted: Sun, 08 Jan 2023 08:00:00 GMT [source]

He has several years experience in the forex trading business and has started to trade in Bitcoin and other crypto markets too. Binary options are prohibited in the European Economic Area. 83% of retail investor accounts lose money when trading CFDs. Overall our online EverFX review was conducted with the details obtained from the demo trading and the forex brokers website.

EverFX Updates

Please be aware of your investment into trading markets which is high risk and not suitable for everyone. Canada , Cyprus, Belgium, Latvia, Lithuania, Iran, Ukraine, North Korea, Cayman Islands, etc.Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. We operate successfully around the globe and place great emphasis on providing professional and reliable services to all our clients. EverFX is an international online broker, providing access to over 130 tradable instruments from 6 asset classes for both retail and institutional investors. MT5 also comes with a completely revamped scripting language and development environment, offering power users an incredible toolset for building their own trading bots and indicators. The younger sibling of MetaTrader 4, MetaTrader 5 was officially launched in the summer of 2010 with the aim of offering traders more.

The stochastics indicator is one of the oldest analytical tools in the market and its great advantage is its simplicity. But what is the best way of using it, and what pitfalls should you avoid. The Spot Metal category covers Copper, Gold, Silver, Palladium and Platinum.

Conclusion on our EverFx review: No scam detected

EverFx makes people aware of all upcoming and recent major events and developments that can impact the market. Hence, it helps the users to become vigilant in their trading. Customer funds are segregated and separated from the company’s funds, as well as insured against the broker’s insolvency. As for the actual trading process, we have noted that EverFX boasts some pretty impressive trading terms and conditions, or at least that’s how it seems from the outside. However, there are quite a few grey areas that make us suspicious about the credibility of this broker.

Finally, they are MiFID compliant and have cross border https://forexhero.info/ throughout Europe. EverFX is regulated by the respectable Cyprus Securities and Exchange Commission. They also adhere to a lot of the rules laid out by the Cyprus Investment Firms policy. This includes having at least €730,000 in reserve to confirm that they remain financially stable.

On the hunt for the businessmen behind a billion-dollar scam – BBC

On the hunt for the businessmen behind a billion-dollar scam.

Posted: Tue, 11 Apr 2023 23:06:17 GMT [source]

Although EverFX do not yet feature cryptocurrency-based CFDs, their tradable asset selection is rather impressive nonetheless. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. EverFx has the vision to expand more and deliver quality services to its users.

Now online

According to research in South Africa, EverFX is an international online broker built on diversity, flexibility, transparency and open, reasonable pricing structures. Forex brokers are firms that provide traders with access to a platform that allows them to buy and sell foreign currencies. Nevertheless, the Bank transfers deliver commission free withdrawal to the traders, yet this means the company does not charge any fees but the Bank provider may incur some costs for the transaction itself.

Must be remembered that the FCA regulator from the UK banned EverFX services in their country. Although this broker provided services with a valid license FCA had concerns about the marketing and sales strategy of the broker. At the same time, those were misleading with a high level of pressure without approving withdrawals.

financial

Unlike traders on the Standard and Premium levels, VIP clients get a personal analyst and they get to trade through the phone if they so wish. Those truly serious about their trading though, will probably opt for the Premium Account, which costs more, but with a minimum deposit requirement of $5,000, it is still rather accessible. Negative balance insurance essentially acts as a stop loss on your savings, restricting the amount of capital you have invested in the account to your future losses. EverFx also provides the feature of the negative balance of protection to help the users to trade wholeheartedly without any fear of getting the balance negative. The account creating method of the EverFx is a reliable and easy one. It takes a few steps to create an account and start the trading by following simple steps.

Is EverFX regulated in the UK?

Is EverFX regulated in the UK? No, EverFX and Axiance are not regulated in the UK and are thus not permitted to service UK-based clients.

There are no commissions charged and instant deposits are available, together with EAs and a VPS service . This service costs EUR 20 per month for those who choose to take advantage of it. Available 24/5, EverFX support is said to be one of the best in the business. In addition to all the above, traders also receive market alerts on a daily basis, directly into their inboxes. Overall, there are some distinct pros and cons when it comes to EverFX. They are somewhat conservative with their offering of investment products, but they do have plenty of options for you to choose from.

leverage

They do have more than 50 everfx review pairs for you to trade, as well as numerous spot metals and energies products. They also have a wide variety of both European and American shares for you to trade. Please note that EverFX does not offer contracts for difference to residents of certain jurisdictions such as the USA, Belgium, Iran, Canada and North Korea. Read our full review to learn more about this promising broker.

Some of the e-payment methods available are Neteller, Skrill, Alipay and QIWI. Moreover, besides online bank transfers, they accept as well Visa and Master cards. Nonetheless, it is not excluded that broker accepts as well crypto transfers. In addition to that, those are encrypted and hardly traceable transfers and should comply with AML laws. Since you don’t have trading assistance with the standard account you will need it very shortly to upgrade the account.

Is EverFX regulated?

EverFX is currently regulated by the Cyprus Securities and Exchange Commission (Regulation No. 301/16), as well as the Seychelles Financial Services Commission and the Cayman Islands Monetary Authority offshore.

The operator says that it views its traders as “teammates” and as such, it is constantly looking out for their best interests. Whether this is true or not, what’s certain is that the broker has placed an unusual amount of focus on education. On one hand, it has a complete education section which offers training videos and webinars, on the other, it runs promotions focused on trader education and 1-on-1 training. Through such promotions, traders are not just introduced to the trading platforms and the various features they offer, but also to the basics of technical analysis and actual trading. Deposits and withdrawals are important features in the trader’s life.

What happened to EverFX?

The FCA has acted to stop a Cypriot-based firm, ICC Intercertus Capital Ltd, and other members of its group which trade as EverFX, from offering high risk contracts for differences (CFDs) to UK investors. The EverFX Group used the fact that ICC Intercertus was regulated in the UK to convey legitimacy.