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.
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.
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.
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.
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.
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.
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.
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
For those interested in Foreign Exchange (FX) and Contracts for Difference (CFDs), AvaTrade can be a competitive choice due to its low trading costs and wide range of available financial instruments. When it comes to trading platforms and teaching materials, the company is up to par with the best in the industry. However, the broker needs improvement in the customer support area. Let’s uncover different features and services offered by the broker in detail.
AvaTrade is a leading online broker that offers a wide range of trading instruments, including forex, stocks, indices, commodities, cryptocurrencies and more. Established in 2006, the company provides its clients with a secure and user-friendly platform, competitive spreads, and various payment options. With offices in multiple countries, the company caters to traders of all levels and empowers its clients with the tools and knowledge they need to succeed in the financial markets. Besides providing in-house trading solutions, the company offers access to third-party trading platforms, like MetaTrader4 and MetaTrader5. Copy trading facility is also available, while the broker provides rich educational resources to help clients enhance their learning exposure. Clients can access multilingual customer support round the clock, though the services are slow.
The company holds regulations from several financial authorities, including the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Commission (FSC) of the British Virgin Islands, the Japan Financial Services Agency (JFSA), and others. In general, being regulated by multiple financial authorities provides an extra level of protection for traders and helps ensure the integrity of the financial markets. However, it’s essential to remember that regulation is not a guarantee of your funds’ safety or a broker’s reliability. Therefore, you must do your own research before signing up with the company.
Regarding business reputation, traders have a positive impression of the organisation, evidenced by its Trustpilot score of 4.7 out of 5.
AvaTrade offers four types of accounts, including;
Demo Account: This account enables clients to practice their skills without risking real money.
Retail Account: This is a standard trading account suitable for most traders. It offers a range of features and trading conditions, including low spreads and fast execution.
Professional Account: Professional accounts are offered to experienced traders who want access to higher leverage levels and more advanced trading features. However, they must meet the eligibility criteria to qualify as a professional trader;
Islamic Account: AvaTrade offers Islamic accounts compliant with Sharia law and does not charge or earn interest on overnight positions.
AvaTrade offers a diverse portfolio of financial instruments, including;
Forex: The broker offers over 55 currency pairs for traders, including major, minor, and exotic pairs.
Stocks: Clients can trade stocks from various exchanges, including the NYSE, NASDAQ, etc.
Options: Options trading is available on a wide range of underlying assets, such as forex, indices, and commodities.
Cryptocurrencies: The company supports multiple cryptocurrencies, including but not limited to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), etc.
Commodities: You can speculate on commodity prices, including precious metals, energy, and agricultural products.
Indices: Clients can find trading opportunities in various global indices, such as the S&P 500, NASDAQ, etc.
The broker employs a competitive pricing structure with spreads starting from 0.9 pips on FX pairs like EUR/USD and $0.25 on stock indices such as the S&P 500. The spread for individual stocks is calculated as a percentage, with popular stocks such as Microsoft, Google, and Amazon having a spread rate of 0.13%. It’s important to note that while clients must pay swap charges for holding positions overnight, Islamic account holders are exempt from paying these interest charges. The broker also charges a $50 account inactivity fee from clients who remain dormant for more than three months.
AvaTrade provides a diverse range of trading tools and resources to assist traders in making informed decisions. This includes trading signals generated by algorithms, market analysis, educational resources, risk management tools, and support for automated trading. The availability of these resources may vary based on location and other factors, and it is recommended to check with AvaTrade for the latest information.
AvaTrade offers various options for depositing and withdrawing funds, including bank transfers, credit/debit cards, e-wallets, and cryptocurrencies. While the minimum deposit is $100, the broker doesn’t stipulate the minimum withdrawal threshold. The processing time for each payment option may vary, with bank transfers taking several business days, credit/debit cards and e-wallets taking a few minutes, and cryptocurrencies being processed instantly.
The pros and cons of joining AvaTrade are listed below.
AvaTrade is a well-established online trading platform that offers various financial instruments, including forex, stocks, options, cryptocurrencies, commodities, and indices. The platform provides several trading platforms, including its proprietary app AvaTradeGo, and popular third-party platforms like MetaTrader 4 and 5. In addition to trading platforms, the company also provides traders with trading signals, market analysis, educational resources, and risk management tools. The platform supports automated trading and offers several options for depositing and withdrawing funds. Moreover, a robust regulatory framework helps the company provide a transparent and secure trading environment.
AvaTrade is a reliable and trustworthy trading platform that offers a wide range of products and services to meet the needs of different types of traders. However, it is essential to carefully evaluate the suitability of the platform and the specific products and services offered by AvaTrade, taking into account factors such as your investment objectives, experience, and risk tolerance. Typically we refrain from recommending any brokerage. Instead, we provide you with enough details so you may decide whether you should signup for it.
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