In May last year, the United Kingdom Financial Conduct Authority banned Cyprus-based ICC Intercertus Capital Limited, an operator of EverFX, from offering CFD instruments in the country. At the time, the FCA said EverFX was onboarding many British traders on its overseas entities which are not authorized to offer services in the UK. On the face of things, this might appear normal, with every investment being a gamble and never a certainty. Some reviews state account managers informed the client that more investments needed to be opened before profits can be withdrawn, or that more money needs to be deposited first. EverFX offers both the MT4 and MT5 trading platforms in addition to a web-based trading platform. EverFX does offer a demo simulator but you need a real-money account before you can open one.
Instruments Traded
For research, news, analysis, and updates they provide access to the trading center, which providing services since 1999. Trading central calls as the industry big third-party research provider. The most important benefit is Multi-asset and multi-language support. They provide 130+ trading assets and MetaTrader platforms for their clients. Here we cover all important aspects of the broker, that will help you to keep on the right path to make a successful trading. Yes EverFX was mentioned in a BBC news report on the subject of trading scams.
Stay tuned for our detailed review of EverFX’s solid offerings. Its trading platform versions are quite superb and its trading conditions are not bad either. The trading conditions are some of the best on major currency pairs such as the EUR/USD. What we have noticed about these Trustpilot reviews however is that the ratings pages are abused by scammers promising people to recover their monies from crooked brokers. Such scammers use the message board to advertise their dubious services and they always rate the broker whose page they spam, the worst possible score. Everfxglobal.com is operated by ICC Intercertus Capital Cayman Limited.
Spanish police onWednesday arrested a key figure of the Spanish quarters of fake brokerage investment platform, EverFX. Compensation Adviser is a regulated claims management company specialising in financial compensation claims. The FCA ordered EverFX to stop offering CFD’s to UK customers, close all their trading positions, and return money to customers.
- Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
- EVERFX offers extensive training and educational opportunities including videos, eBooks and webinars.
- EverFX’s reputation may not be the best, but the brokerage presents itself as a solid trading destination.
- You are not required to use our services to pursue your claim.
- For more information regarding instrument-specific opening times, clients should contact the customer support team.
- The global brokerage is owned by ICC Intercertus Capital Ltd and regulated by the CySEC, FSA and CIMA.
I opened an account 2 years ago and put…
In the Cayman Islands, however, EverFX is overseen by the Cayman Islands Monetary Authority (CIMA), which practices a much more relaxed approach to forex broker regulations. EverFX includes a phone trading app, providing users with the flexibility to trade from their smartphones or tablets. These apps often feature avant indicators, charting options, and social trading tools, enhancing the trading experience. Despite high leverage, a solid range of instruments, combined with a reliable platform such as MT4/MT5, can yield favorable outcomes for traders. Always adopt appropriate risk management strategies while exploring these trading opportunities.
It offers Autochartist access, free education and good trading platforms. Above and beyond that, it possesses an impressive number of awards, handed out by various industry-based organizations. In 2018 for instance, EverFX was proclaimed the fastest growing CFD broker in Europe. While EverFX and Axiance may not technically be running a scam, they are not regulated to offer financial services in the UK and as such should be avoided.
Revolut Eyes $65B Valuation: Will It Step Up Its CFDs Push?
One look at community rating/complaint portals such as Trustpilot will paint a pretty abysmal picture of the brokerage. Some people seem to think that everfx.com is where the broker used to operate, before it moved to everfxglobal.com. All accounts offer Investment research & analytics from Trading Central, except the entry-level account.
Premium Account
This led to some consumers losing very significant sums of money. According to the FCA EverFX used the fact that ICC Intercertus was regulated in the UK to everfx convey legitimacy and encourage UK consumers to transact with overseas members of the EverFX Group. It was part of a group belonging to ICC Intercertus Capital Ltd, a firm based in Cyprus and regulated in the UK under the Temporary Permission Regime (TPR). EverFX support personnel can be reached through Telegram, Viber, WhatsApp and Facebook Messenger as well.
Start by checking if the broker is regulated by reputable authorities. If you need assistance finding a secure broker, please contact us for a free consultation. EverFX is a broker that has faced regulatory concerns in the past, such as a ban on their services from the UK’s FCA regulator. Always look at platforms like Trustpilot to make an informed decision. We use dedicated people and clever technology to safeguard our platform.
EverFX review and ratings
All methods should be fast and efficient, which is sometimes not the case with this broker. As EverFX claims, there are at least three different platforms that you can use to trade all available instruments. These platforms include MetaTrader 4, MetaTrader 5, and WebTrader. To give the broker some credit, these platforms are more than capable of ensuring a seamless and smooth trading experience. Yet it still doesn’t prove that EverFX is a trustworthy broker. Those who want to up their account status, can opt for the Premium Account, which also features commission-free trading and much more attractive spreads.
An Introduction phone call available from the personal account manager. Aerarium Limited is authorized and regulated by the FSA (Financial Services Authority Seychelles), under license number SD036. The office is located in Antheon 2, Monovoliko 4, Kato Polemidia, 4151 Limassol, Cyprus, and with registration no. All investments come with risk, and there are never any certainties.
We think that the broker is trying to lure in as many clients as possible with its flashy conditions and fancy regulatory claims, yet in the actual performance, it has very apparent grey areas. We’ll discuss this in detail further down below but let’s just say that we’re not convinced that EverFX is regulated by the world’s most powerful financial institutions. He has several years experience in the forex trading business and has started to trade in Bitcoin and other crypto markets too. For that money – in addition to the more attractive spreads – traders get instant deposits, 24 hrs withdrawals, and stop losses set to 30%.
- Its minimum required deposit is $30,000, so it is safe to assume it is not an option for the rank-and-file traders.
- However, in our expert EverFX opinion, it is evident that this broker simply does not offer enough in this department, and that prospective investors should look elsewhere for high-quality bonuses.
- This way, the broker caters to both experienced traders who’d like to stick with a familiar user interface, as well as newer traders who instead prefers an easy-to-use web-based option.
- EverFX’s version comes with some 25 pre installed technical indicators, though users are always free to add more to this selection.
When it comes to trading platforms, EverFX offers a relatively unknown web-based trading platform known as Status, in addition to the old classics MetaTrader 4 & 5. When examining EverFX traders’ reviews, it’s critical to consider users’ feedback on various platforms. For instance, on Trustpilot, out of 180 comments, approximately 65% are rated with just one star. These reviews come from customers in countries such as the United Kingdom, Canada, Australia, Spain, and France.
The platform believes that knowledge is the power that makes people skilled and great. EverFx provides access to important news and educational videos that greatly help the users and have an immense impact on the trading of users. EverFx has provided a great feature of copy trading that helps the new users to copy the trades of experts and take some handsome profit for it. This feature is becoming more and more popular among new traders.
Mainly the broker is based in Cyprus but got even licenses in Seychelles or Cayman Islands. EverFX is a brokerage based in Cyprus and serves clients in the Cayman Islands. It operates under ICC Intercertus Capital Ltd and is regulated by the FSA and CIMA. That includes forex, commodities, indices, shares, and crypto.