EverFX was established in 2016 to offer online trading in forex and CFDs. They offer their clients access to over 130 markets spread across currency pairs, indices, commodities, and stocks traded on the EU, US, Canadian, and Hong Kong stock exchanges. The broker provides their own proprietary ‘Status’ trading platform and the famous MetaTrader platforms, as well as Trading Central, Market News, and other trading tools and educational resources. They operate a pure STP/ECN model of trade execution, offering speedy trade execution and competitive spreads.
EverFX Review Introduction
In this EverFX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including EverFX.
EverFX Platforms & Tools
EverFX provides clients with their in-house developed trading platform, Status Trading Platform, as well as the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are two of the most popular platforms among forex and CFD traders.
Status Trading Platform is a web-based platform that can run directly on any modern browser like Safari, Firefox, Edge, or Chrome. The platform is simple and easy to use. It supports one-click trading, customizable charts with 7 chart styles, and 114 built-in technical indicators.
The MT4 and MT5 platforms are available in web trading terminals that run on modern browsers, desktop applications for Windows and Mac computers, and mobile trading apps that are compatible with Android and iOS devices.
Apart from the tools in the trading platforms, the broker also provides additional helpful trading tools, such as Trading Central, Economic Calendar, and Virtual Private Server (VPS).
EverFX Research & Education
The broker has over 95 tutorial videos in the education section of their website, and they cover topics on forex trading, crypto trading, CFDs, technical indicators, trading psychology, market analysis, trading strategies, and others. There are also a few articles on important fundamental analysis topics, such as interest rates, quantitative easing, and more.
EverFX Trading Accounts
EverFX offer the following account types:
- Entry Account: For beginner traders, a $250 minimum deposit, and spreads that start from 1.5 pips
- Standard Account: A $2,500 minimum deposit, spreads that start from 1.2 pips, and access to Trading Central
- Premium Account: A $10,000 minimum deposit, and spreads that start from 0.8 pips
- VIP Account: For professional traders with huge trading capitals, a $50,000 minimum deposit, spreads that start from 0 pips, and a commission of $6 per lot
EverFX Account Funding
The broker accepts different account funding and withdrawal methods, including bank transfers, credit/debit cards, and online payment processors, such as FasaPay, VoguePay, STICPAY, VLoad, Paytrio, Skrill and Neteller.
EverFX Customer Service
EverFX’s support desk is available 24/5 and can be reached via email, phone, and the ‘Contact Us’ form. You can also reach them on Facebook, Twitter, Instagram, YouTube, and LinkedIn.
The EverFX brand is owned and operated by ICC Intercertus Capital Ltd, which is a Cyprus-based investment firm with the registration number HE346662. The broker is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). Being an EU-based financial firm, they are also under the rules from the European Securities and Markets Authority (ESMA).
ICC Intercertus Capital (Cayman) Ltd is an investment firm registered in the Cayman Islands with the reg. no: 326096 and is regulated by the Cayman Islands Monetary Authority (CIMA) under the license number, 1444866.
EverFX Review Summary
EverFX is an online forex broker that offers traders access to over 130 markets through their proprietary ‘Status’ trading platform and the famous MT4 and MT5 platforms. They provide clients with useful trading tools like Trading Central and Market News, as well as a good collection of educational resources.
It is worth mentioning that some of the trading products and services in this EverFX review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the EverFX broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.