Overview
EverFX prefers not to take an instructive approach to Forex trading; it has adopted a participatory approach where management and consultants are there to support Forex traders. By lending assistance in the form of educational tools and resources, demo trading options, an introducing brokers portal, and full social media integration, FX traders at EverFX get to enjoy a comprehensive product with full-fledged capabilities.
Account Types
To get started, EverFX requires traders to complete the account opening form. Various documents must be completed such as T&C, disclosures, privacy policy, and other legal documentation. The minimum amount required for a deposit is £300/€300/$300/Fr.300. EverFX has added multimedia functionality to inject energy and appeal into the registration process. The getting started button initiates a car engine sound.
Required documents include proof of ID (front and back), proof of address, passport, proof of residence, financial information, name verification, passport verification, ID front and back, credit card front and back, introducing brokers agreement, etc. Once these documents have been uploaded and approved, account management will validate the data and confirm the registration.
Account types include the standard account, the premium account, and the VIP account. The deposit for a standard account begins at $300, and features spreads from 0 pips and leverage of 1:500. All currencies are supported. The maximum lot size is 20, with unlimited orders per account and 50% margin call. Instant deposits are accepted, and up to 24 hours withdrawal times are assured. The trading platforms include MT4 for PC, tablet, mobile, Mac, and web. The standard account also features EAs, hedging, 24/5 support, free education systems, and Islamic account options.
The premium account begins at $5,000, and has 2.5 per lot traded commission, 50% margin call, 30% stop out, instant deposits, up to 24 hours withdrawal time, EAs, hedging, dedicated account managers, 24/5 support, Islamic account options, free education, and free trading via VPS.
The VIP account is for heavy hitters with account deposits of $30,000 or more. With the VIP account, traders get to enjoy leverage of 1:200, and commission of 2 per lot traded at $4 per round lot. Unlimited lot sizes are available and there are unlimited maximum orders per account. The margin call is at 80% and the stop out is at 60%. EAs, hedging, phone trading, dedicated account management, 24/5 support, personal analysts, and free education systems are available.
Trading Platform/ software
The trading platforms include EverFX-MT4 and the Status platform. Status offers collapsible side panels with charting functionality, market rates, history, and educational features. With Status trading, traders will find a variety of status-related issues such as new status, signals status, social status, technical status and charts in education status. These trading platforms and the software they run on are available on iOS devices (iPad and iPhone) and Android devices.
Deposit options
Deposit options include Visa credit cards and debit cards, deposit by phone, Nordea Solo, Skrill, deposit with bank, wire transfers, NETELLER, and Bitcoin. Deposit options are guaranteed secure, thanks to firewall protection, SSL security, and multiple safety safeguards in the form of verification requirements.
Markets
The financial instruments at EverFX include currency pairs, CFD stocks, energies, indices, and spot metals. In total, there are some 200+ financial instruments to choose from, with spreads beginning at just 0 pips. Popular Forex pairs include the following: AUD/CAD, AUD/CHF, CAD/CHF, CAD/JPY, EUR/ZAR, GBP/NZD, USD/CAD, USD/DKK, USD/JPY, and XAU/USD. Indices trading is available on the Germany 30, France 40, EU stocks 50, Netherlands 25, Japan 225, UK 100, US tech 100, Australia 200, Hong Kong 50, and others.
Spot metals trading is available on spot gold, spot silver, spot silver EUR, spot gold EUR, copper, and spot palladium among others. Energies include light sweet oil, Brent crude oil, and natural gas. CFD stocks include Boeing Company, Chevron Corporation, Citigroup, Coca-Cola, Goldman Sachs, Morgan Stanley, Toyota, Wells Fargo and Company, Facebook, Intel, Netflix, Yahoo, Tesla and many others. With CFDs, there is a 20% margin percentage and the lot size is 100.
Bonuses
At the time of our review, there were no bonuses being offered by EverFX.
Customer Support
Customer support is available in English, Russian, German, Spanish and Italian. Customer support can be reached via snail mail in Limassol, Cyprus, via telephone or fax, or live chat functionality. Clients can also send a message direct to customer service through the online contact form, or reach any of the useful contacts in the support team, funding department, marketing department, or trading desk. Support reps work hard to respond to queries quickly and professionally.
Safety
Safety and security is high on the agenda at EverFX. The integrity of trader accounts is safeguarded at all times with SSL technology, bank-level security systems, firewall protections and multiple verification safeguards.
Ease of Use
EverFX makes a point of being user-friendly. The entire platform is fashioned off a racetrack-theme where traders get off to a flying start. You will not be bogged down by complex trading terminology, charts and platforms. Pick your preferred account from the three options available, and start trading once you have verified your ID, residence, and account information.
Final Thoughts
EverFX offers a fresh perspective on Forex and CFD trading. With a racetrack theme, and quick start options, it is easy to take your trading to the next level. EverFX introduces traders to FX trading, stocks CFD trading, indices trading, and energies, without having to go through a traditional brokerage. You can trade on the go (iOS and Android) on Mac or PC. The Status trading platform is particularly exciting, and provides social engagement options to bring traders into a broader community.
