Company
Trading platforms
Licenses
Local offices
Withdrawal options
Deposit options
Assets available for trading
Withdrawal commission
Minimum deposit amount
Year Founded
Demo account supported
Islamic account
MT5, Web, Mobile
VFSC, FSCA
Forex, Indices, Stocks, Commodities, Crypto, CFDs
Yes
$250
2020
Yes
Yes
Regulation & Business Reputation: Evest is not currently regulated by any financial authority, which may raise some concerns for traders who prioritize regulatory oversight. However, the broker claims to maintain a high level of security and transparency in its operations. Evest also has a positive reputation among its clients for its user-friendly platform and competitive pricing, with a rating of 4.3 out of 5 stars on Trustpilot.
Account Types: Evest offers three different account types that cater to the needs of traders at different levels. These are the Standard account, Gold account, and Platinum account. The account types differ in their minimum deposit requirement, available trading instruments, and trading conditions. Standard account holders can access all trading instruments with a minimum deposit of $250, while Gold and Platinum account holders get additional features such as personalized trading education, dedicated account managers, and lower spreads.
Product Portfolio: Evest offers a wide range of trading opportunities in Forex, stocks, indices, commodities, and cryptocurrencies. The platform allows traders to trade in more than 40 currency pairs, including major and minor currencies. In addition to forex, clients can trade shares of major companies listed on various stock exchanges worldwide. The platform provides access to popular indices such as the S&P 500, NASDAQ, and FTSE 100. A range of commodities, including precious metals like gold and silver, oil, and natural gas, are also accessible under the commodities head. Evest also facilitates trading in popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
Spreads & Commission: Evest operates on a spread-based pricing model, meaning that the broker makes money by charging a spread on the trades its clients execute. The company’s pricing structure is competitive, with spreads starting on major forex pairs like EURUSD at 1.1 pips. The broker does not charge any commissions on trades executed on its platform. However, you may incur swap charges for holding positions overnight.
Trading Platforms: Evest offers a proprietary web-based trading platform accessible through a web browser on desktop and mobile devices. The platform is user-friendly and easy to navigate, offering advanced charting tools, real-time market data, and customizable indicators. The broker also offers a mobile app for Android and iOS devices, providing traders with access to the markets on-the-go.
Trading Tools: Evest provides its clients with a comprehensive set of trading tools and features to enhance their trading experience. These include an economic calendar, trading signals, daily market analysis, and risk management tools. The broker also offers negative balance protection, ensuring that traders do not lose more than their account balance.
Deposits & Withdrawals: Evest offers several convenient options for deposits and withdrawals, including credit/debit cards, bank transfers, and e-wallets such as Skrill and Neteller. The minimum deposit amount is $250, with no fees for deposits made with credit/debit cards or bank transfers. Payments typically take up to 3-5 business days for credit/debit cards and several business days for bank transfers and e-wallets.
Conclusion: Evest is a relatively new broker with a user-friendly platform and competitive pricing, making it an attractive option for traders at different levels. However, the lack of regulation may be a concern for some traders who prioritize regulatory oversight. Overall, Evest offers a wide range of trading opportunities and trading tools, making it a viable option for traders looking for a broker
