Evest
Pros and Cons
Pros
- Regulated by Vanuatu Financial Services Commission, FSCA, and Mwali International Services Authority
- Diverse range of trading instruments including forex, stocks, commodities, and cryptocurrencies
- Zero commission on stock trading
- Comprehensive educational resources available through Evest Academy
- User-friendly trading platforms including MetaTrader 5 and mobile apps
Cons
- Lack of strong regulatory oversight beyond Vanuatu
- Withdrawal fees apply to transactions
- Forex trading incurs fees, affecting cost efficiency
- No membership in compensation schemes for added protection
- Negative feedback on customer support responsiveness
Basic Information
User Reviews
Evest Overview
Evest is a forex broker operating under the company name ATRIAFINANCIAL HOLDINGS LTD, based in the United Kingdom. With an operating period of 5-10 years, Evest provides a platform for traders to engage in various financial markets, enhancing their trading experience with a focus on reliability and efficiency. This broker is committed to maintaining a professional approach in the online trading landscape, ensuring that traders have access to necessary resources and tools for informed decision-making.
Evest offers a diverse range of trading instruments, allowing clients to trade across various asset classes, including forex and CFDs. The broker emphasizes a user-friendly trading environment, with platforms designed to cater to both novice and experienced traders. Customer support is available to assist users, ensuring prompt responses and effective guidance. Evest aims to distinguish itself in the competitive brokerage market through its commitment to providing reliable data, innovative trading tools, and a supportive trading community, making it an appealing choice for those looking to trade in the forex market.
Is Evest Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Vanuatu Financial Services Commission (VFSC) | Vanuatu | Segregated Funds |
| Financial Sector Conduct Authority (FSCA) | South Africa | Segregated Funds, Negative Balance Protection |
| Mwali International Services Authority | Comoros | Segregated Funds |
Is Evest Regulated and How Are Client Funds Protected?
Evest operates under the regulatory oversight of several authorities, including the Vanuatu Financial Services Commission, the Financial Sector Conduct Authority in South Africa, and the Mwali International Services Authority in Comoros. This multi-jurisdictional regulation enhances the broker’s legitimacy and provides a structured framework for trading operations.
Client funds are safeguarded through the practice of segregated accounts, ensuring that traders’ investments are kept separate from the broker’s operational funds. Additionally, under the FSCA regulation, clients benefit from negative balance protection, which prevents them from losing more than their initial investment. However, it is important to note that Evest is not a member of any compensation scheme, which may affect client recovery in the event of insolvency. Overall, Evest is considered a regulated and safe option for traders seeking a reliable trading environment.
Trading Products and Services
What trading instruments does Evest offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
Evest provides a diverse range of trading instruments across various asset categories, including forex, commodities, indices, stocks, and cryptocurrencies. This variety allows traders of different skill levels—from beginners to seasoned professionals—to find suitable products that fit their trading strategies. The availability of multiple asset classes supports portfolio diversification, enabling traders to implement flexible strategies to manage risk and capitalize on market opportunities. Evest’s platform is designed to cater to the evolving needs of traders, making it a valuable resource for anyone looking to engage in the financial markets.
Account Types and Trading Conditions
What Account Types and Fees Does Evest Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | User-friendly platform, access to educational resources | Suitable for small-capital practice |
| Professional Account | Experienced traders | Higher leverage, tailored services | Requires trading volume qualifications |
| Islamic Account | Traders seeking interest-free solutions | Swap-free, compliant with Islamic principles | Open to all clients wishing to avoid interest |
| Demo Account | New and novice traders | Practice trading without risk | Ideal for testing strategies and platform features |
Account Opening Process
To open an account with Evest, traders need to follow these steps: first, submit personal information including name, email, and phone number. Next, provide employment details and financial information to assess trading experience and financial capacity. Identity verification is required, where clients must submit a valid ID and proof of address. Evest allows for flexibility in account types, enabling traders to upgrade to a professional account as their trading experience and volume increase.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | Varies | $0 | Tight spreads for major pairs |
| CFDs (Stocks) | Varies | $0 | Competitive spreads available |
| CFDs (Indices) | Varies | $0 | Accessible indices trading |
| Cryptocurrencies (BTC/USD) | Varies | $0 | Variable fees based on market conditions |
Other Fees
Other potential fees associated with Evest include deposit/withdrawal fees, inactivity fees for dormant accounts, and overnight interest (swap rates) applicable to certain account types. Currency conversion fees may also apply depending on the transactions involved.
Trading Platforms and Apps
What Trading Platforms and Apps Does Evest Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Secure login (2FA), multiple order types, technical indicators, price alerts | Demo account, educational resources |
| Web Version | Any internet-enabled device | Accessible via browser, market search tools, one-click trading | No installation required, real-time updates |
| Mobile App | iOS, Android | Secure login (encryption), push notifications, symbol lookup | Demo account, mobile trading |
Evest offers a range of trading platforms designed to meet the diverse needs of traders. The MetaTrader 5 platform is ideal for advanced traders, featuring a variety of tools, and supports multiple operating systems for comprehensive access. The web version provides seamless trading through any browser, ensuring flexibility and ease of use without installation. Meanwhile, the mobile app offers convenient trading on-the-go, with secure logins and real-time notifications. Together, these platforms support secure logins, efficient trade execution, and effective market monitoring, contributing to a robust trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fees | Min 50, Max 20k/day | USD, EUR |
| Credit/Debit Card | Instant | No platform fees | Min 50, Max 10k/day | USD, EUR |
| E-wallets (e.g., Skrill, Neteller) | Instant | No platform fee, 1.5% charge | Min 50, Max 15k/day | USD, EUR |
Minimum Deposit
Evest requires a minimum deposit of $50 to open an account. This requirement is consistent across most payment methods and account types, ensuring accessibility for new traders.
How to Withdraw
To withdraw funds from your Evest account, follow these steps: 1. Log in to your account. 2. Navigate to the ‘Withdrawal’ section. 3. Select your preferred withdrawal method. 4. Enter the amount you wish to withdraw. 5. Confirm your withdrawal request. 6. Await processing, which varies by method.
Customer Support
Evest Customer Support Overview
Support Channels
Evest offers multiple contact methods for customer support, ensuring that traders can receive assistance promptly. Support options include:
- Email: Clients can reach out via email for inquiries and support.
- Live Chat: A convenient option for instant communication with support representatives.
- Telephone: Customers can call for direct assistance, providing a personal touch to their support experience.
- Social Media: Evest maintains a presence on social media platforms, allowing traders to connect and seek help through these channels.
Service Availability
Evest’s customer support is available during business hours, offering assistance on a 24/5 basis. This ensures that traders have access to help when they need it most. Additionally, multilingual support is provided, catering to a diverse clientele and enhancing the overall customer service experience.
Additional Resources
Evest also provides various educational resources to enhance traders’ skills and knowledge. These may include video tutorials, webinars, market analysis, and trading signals, all designed to empower clients and improve their trading journeys.
Frequently Asked Questions
Evest safeguards client funds by maintaining segregated accounts, which ensure that traders’ investments are kept separate from the broker’s operational funds. This practice enhances fund security and provides clients with peace of mind while trading. Additionally, clients under the Financial Sector Conduct Authority (FSCA) regulation benefit from negative balance protection, preventing them from losing more than their initial investment.
Evest offers a diverse range of trading instruments across multiple asset categories, including forex pairs, commodities such as gold and oil, indices like the S&P 500 and NASDAQ, stocks from various markets, and cryptocurrencies like Bitcoin and Ethereum. This variety allows traders to implement flexible strategies and manage risk effectively.
To withdraw funds from your Evest account, you need to log in, navigate to the ‘Withdrawal’ section, select your preferred withdrawal method, enter the amount, and confirm your request. Withdrawal processing times vary depending on the method chosen, so it’s important to check the expected timelines for your selected option.
Evest provides customer support through multiple channels, including email, live chat, telephone, and social media. Support is available during business hours on a 24/5 basis, ensuring that traders can receive assistance promptly. Additionally, Evest offers various educational resources to help improve traders’ skills and knowledge.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.