EverFX Review: Is a Forex Scam?

EverFX Review: Is a Forex Scam?

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EverFX is a CFD broker specializing in CFDs for a wide range of instruments, including forex, metals, shares, energies, indices, and commodities, aiming to provide trading services for customers in Europe and all around the world.

EverFX is a reliable broker willing to commit to the highest trading standards to ensure clients can benefit from enhanced trading capabilities. Have you already signed up with this broker? Kindly read this detailed and honest EverFX Review before signing up.


EverFX Review

EverFX is a genuine trading brand, operated by ICC InterCertus Capital Ltd, a company with a registered address at Antheon 2, Monovoliko, Kato Polemidia, 4151, Limassol, Cyprus. The broker is an official global partner of Sevilla FC, the popular Spanish football team, and has received numerous awards for the Fastest Growing CFD Broker, Best Multi-Asset Broker, and Best Online CFD Broker. Due to these reasons, EverFX proves to be a transparent and reliable broker, willing to promote its services for traders globally.

This broker is also known for providing diversified trading offers, covering a wide range of markets, multiple trading account types, a variety of payment methods, swap-free accounts, as well as Zulu trade. Additionally, EverFX provides access to educational resources for traders wanting to learn how to trade.

The best brokers will guarantee your safety at all times. These experts ensure your investments are safe and clients get realistic profit margin. Try them out for safe trading experience.

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About EverFX

At the present time, EverFX does not offer trading services for residents of certain jurisdictions such as the USA, Belgium, Iran, Canada, and North Korea. The broker is committed to providing trading services for customers all around the world, but its target market is Europe and the European Economic Area (EEA). With EverFX, traders can trade 130+ instruments, across 6 asset classes, enjoying rapid and reliable access to forex, precious metals, energy, stocks, indices, and cryptocurrencies.

Is EverFX licensed or Registered?

EverFX Trading

According to the information available on their website, ICC Intercertus Capital is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), with the license number 301/16. Simultaneously, it is regulated by the Cayman Islands Monetary Authority (CIMA), and by the Financial Services Authority Seychelles (FSA).

Additionally, the mother company of EverFX holds EEA cross-border registration with the British FCA, Spanish CNVM, Dutch AFM, Swedish FI, and Polish KNF. All these details prove that EverFX is a well-regulated broker by multiple financial agencies across Europe. It is, therefore, safe to say that this broker is committed to the highest regulatory standards.

Account Types

In terms of trading accounts, EverFX provides a diversified offer, since customers can choose between Standard, Premium, and VIP accounts. They can open an account with as little as 250 and in exchange, they will benefit from multiple trading features, including 0 commissions, low spreads, free VPS, and others.

For Muslim traders, EverFX designed swap-free accounts, which act as the same usual trading accounts, but completely free of riba of any kind.

To apply for a swap-free account, clients need to contact the customer support team where they might be asked to provide documentary proof of faith before a swap-free request can be processed.

Platform Used

Reliability is one of EverFX’s priorities, which is why the broker continues to provide the reputable MetaTrader 4 as its base trading software. With four different versions (Desktop, Android, iOS, and Web-based) customers can have this trading software on any device and thus be connected to the markets at any point in time, no matter their location.

MT4 continues to be a smooth and easy-to-use trading platform, with millions of satisfied traders all around the world. The EverFX MT4 has all the well-known features and enables traders to use EAs or create some of their own.

Are funds safe with EverFX?

EverFX clients can be assured that the security of their funds is taken very seriously. Everything is done to make sure the clients’ money is safe, with strict measures in place to segregate the company’s and clients’ funds and exclusive cooperation with reputable major banks.

EverFX funds safety

Additionally, EverFX provides negative balance protection, where even in very rare circumstances when the market is volatile, and prices fluctuate by a wide margin.

At the same time, EverFX provides risk management educational resources, so traders will learn how to manage risk more efficiently. Through ebooks, videos, and webinars, clients can learn how to use stop-loss, trailing stops, and place pending orders.

Funding methods

We were glad to see how EverFX covers multiple funding choices, so customers can have enough options. Deposits can be made via credit/debit card from Visa or Mastercard, with zero fee and instant processing. At the same time, they can use e-wallets such as Neteller or Skrill, and bank transfer. For bank transfers, though, the processing time might take up to 3 business days.

The same methods can be used for withdrawals, but in this case, fees will apply. For credit/debit cards 3%, Neteller 3%, Skrill 1%, and for bank transfer, it will depend on the corresponding or intermediary banks.

Experts with a proven track record are what every investor should have. Try industry-backed brokers and start making realistic profit margins. It is the only safe way to trade.

Is EverFX a Scam?

Based on all the details we’ve mentioned and checked, it is impossible to label that EverFX is a scam broker. As a regulated entity by multiple financial regulators, with many awards, and with the Sevilla FC partnership, EverFX had proven itself to be a trustworthy broker.

We can, therefore, say that EverFX’s services are very reliable, and potential clients should definitely take this broker into consideration. We have come to the conclusion that EverFX is a positive suggestion for traders, as opposed to other scam brokers we’ve reviewed in the past.

Our recommendation

EverFX broker

For those of you who want to open an account with EverFX, you can always give it a shot by using a demo account first. After you test their services on your demo account, you can proceed with the opening of a standard account with as little as 250.

There’s multiple evidence communicating EverFX is a trusted broker, due to factors discussed in our review. For a broader analysis, you can check the broker’s website and see for yourself all the trading features available.

In short? This is definitely a broker worth trying out!

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