Your Gateway to Diverse Markets
Evest offers an impressive range of assets, including forex, stocks, commodities, cryptocurrencies, and more. Regulated by the FSCA, it provides zero-commission stock trading, educational resources, and secure account features, making it a competitive choice for traders seeking variety and reliability.
Expert Reviewer Verdict
Evest appeals to traders seeking a broad asset selection and a user-friendly experience. With zero commission on stock trading, it’s particularly attractive to those looking for cost-effective investments. The platform offers a range of account options, from beginner-friendly demo accounts to advanced tiers for seasoned traders, allowing flexibility based on experience level. Evest’s security measures, including segregated accounts and two-factor authentication, provide peace of mind, especially for those prioritizing safety.
While market volatility is a known risk, Evest offers a comprehensive educational resource, Evest Academy to help users make informed decisions.
For those who prioritize platform accessibility, Evest provides web, desktop, and mobile options, supported by dedicated customer service throughout the week.
Pros and Cons
Pros
- Diverse Range of Assets Available
- Zero Commission on Stock Trades
- Multiple Account Types for All Levels
- Comprehensive Educational Resources
- Strong Security Features and Protocols
Cons
- Market Volatility Risk Present
- Withdrawal Fee Applies
- Forex Fees on Trades
Trust and Safety
Security You Can Rely On
Evest prioritizes user trust and security through robust regulatory and protective measures. Regulated by the FSCA, Evest operates within established financial compliance standards, enhancing transparency and trust. Evest employs secure transaction methods and account verification processes to prevent fraud, ensuring that only verified users can access trading services. Client fund security is further safeguarded through segregated accounts, which separate user funds from the broker’s assets, protecting them in case of financial issues within the company.
Additionally, Evest integrates data security protocols, including two-factor authentication (2FA) and regular audits, to maintain ongoing protection of account information. These measures combined create a secure environment, instilling confidence for traders focused on both safety and performance in their trading experience.
|
Regulatory Body |
Status |
|
ASIC |
No |
|
CySEC |
No |
|
DFSA |
No |
|
EFSA |
No |
|
FCA |
No |
|
FMA |
No |
|
FSA (SC) |
No |
|
FSCA |
Yes |
|
FSC |
No |
|
JFSA |
No |
|
MAS |
No |
|
MiFID |
No |
Tradable Instruments
Wide Array of Trading Options
Evest provides traders a broad spectrum of financial instruments, making it a versatile choice for diverse trading strategies. The platform offers access to forex, allowing users to engage in currency trading, a staple for many investors. For those interested in the equity markets, Evest supports stock trading alongside indices, enabling traders to invest in individual companies or broad market movements. Commodities such as gold, oil, and other resources are also available to hedge or diversify.
In the evolving space of digital assets, Evest includes cryptocurrency trading, appealing to traders looking to explore digital currency markets. Investment baskets are also available, offering a curated selection of assets for balanced exposure. Evest’s comprehensive suite of instruments caters to a wide range of interests and strategies, making it an appealing option for both new and experienced traders.
|
Trading Instrument |
Available |
|
COMMODITIES |
Yes |
|
CURRENCIES |
Yes |
|
CRYPTOCURRENCIES |
Yes |
|
ETF |
Yes |
|
FUTURES |
Yes |
|
INDICES |
Yes |
|
STOCKS |
Yes |
|
BONDS |
No |
|
OPTIONS |
No |
Account Types
Accounts Tailored for Every Trader
Evest offers a range of account types designed to suit traders at various levels of experience and investment capacity. The entry-level Silver Account requires a minimum deposit of $250 and includes features like a dedicated account manager and daily market analysis. The Gold Account, with a deposit range starting from $5,000, adds daily SMS signals to assist traders with market insights. For more advanced traders, the Platinum Account requires a $20,000 minimum and grants access to Trading Central, a senior account manager, and soon, a debit card. Starting at $50,000, the top-tier Diamond Account eliminates withdrawal fees and provides access to exclusive events.
In addition, Evest offers an Islamic Account, compliant with Sharia principles, and a Demo Account, which provides $25,000 in virtual funds for practice. This versatile lineup ensures Evest caters to a wide array of trader needs, from beginners to seasoned investors seeking premium features.
|
Account Type |
Available |
|
DEMO ACCOUNT |
Yes |
|
ISLAMIC ACCOUNT |
Yes |
|
SEGREGATED ACCOUNT |
Yes |
|
MANAGED ACCOUNT |
No |
|
SUITABLE FOR BEGINNERS |
Yes |
|
SUITABLE FOR PROFESSIONALS |
Yes |
|
US TRADER |
No |
Commission and Fees
Transparent Fees for Traders
Evest provides a transparent and competitive fee structure, appealing to beginners and experienced traders seeking cost-effective options across multiple asset types.
Account Minimum
The minimum deposit required to open an account with Evest is $250 for the Silver Account, making it accessible to a wide range of traders.
Trading Fees
Evest stands out with zero commission on stock trading, offering an attractive option for equity traders looking to minimize costs.
CFD Fees
No CFD fees apply, allowing traders to engage in Contract for Difference trading without additional costs.
Forex Fees
Forex trading incurs fees, with specific spreads based on account type and currency pairs.
Futures Fees
No futures fees are charged, providing a cost-effective choice for traders interested in futures markets.
Account Fee
Evest does not charge any account maintenance fees, enhancing accessibility for budget-conscious traders.
Inactivity Fee
An inactivity fee of $75 applies after two months of account dormancy.
Deposit Fee
No fees are applied to deposits, making it easier for traders to fund their accounts.
Withdrawal Fee
Withdrawals incur a $5 fee, with a minimum withdrawal of $25.
Overnight Funding Fee
Evest does not charge overnight funding fees, reducing the cost of overnight trades.
Currency Conversion Fee
A 2% currency conversion fee applies for trades in non-account currencies.
Guaranteed Stop Order Fee
No fees are charged for guaranteed stop orders, providing additional flexibility for risk management.
Trading Platforms
Versatile Platforms for Every Trader
Evest offers a range of trading platforms to suit various trader preferences, whether on mobile, web, or desktop. With accessible options across devices, Evest makes trading convenient and efficient.
Mobile Trading Apps
Evest provides Android and iOS mobile apps for trading on the go, allowing users to monitor and trade from anywhere. The Evest Mobile Trading App and Mobile WebTrader ensure traders have full market access at their fingertips.
Web Trading Apps
Evest’s WebTrader platform offers a streamlined online trading experience, accessible directly from any browser without additional downloads. This platform is ideal for users seeking quick access with robust functionality.
Desktop Trading Apps
For a more advanced experience, Evest supports MetaTrader 5 (MT5) on desktop, a highly regarded platform known for its sophisticated charting, analysis tools, and reliability, catering to both beginner and experienced traders.
|
Trading Platform |
Available |
|
MT4 |
No |
|
MT5 |
Yes |
|
CTRADER |
No |
|
PROPRIETARY |
No |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
No |
|
DESKTOP MAC |
No |
|
WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
|
ANDROID |
Yes |
|
iOS |
Yes |
Unique Features
Standout Features for Traders
Evest offers unique features that set it apart in the competitive online trading landscape. One of its most attractive benefits is zero commission on stock trading, enabling cost-effective access to equity markets. Evest Academy provides comprehensive educational resources for those interested in continuous learning, supporting traders in building their knowledge and strategies.
Evest’s commitment to security includes two-factor authentication (2FA), regulatory compliance, and segregated accounts, ensuring a secure trading environment. Additionally, with multiple account types, including an Islamic account for Sharia-compliant trading and a demo account with $25,000 in virtual funds, Evest caters to diverse trading needs, making it an inclusive platform for many users.
Research and Education
Knowledge for Smarter Trading
Evest supports traders with extensive research and educational resources through its Evest Academy. This platform offers a variety of materials to help traders at all levels develop their skills and make informed trading decisions. The academy covers essential market insights, trading strategies, and in-depth analysis, making it a valuable tool for beginners looking to build a foundation and experienced traders seeking advanced techniques. By combining practical education with real-time market data, Evest ensures that users can navigate the complexities of financial markets confidently.
Customer Support
Support When You Need It
Evest provides reliable customer support to assist traders with their needs, enhancing the overall trading experience. Available via chat, email, and SMS, Evest’s support team ensures that users have multiple channels to reach out for help. The service operates Monday through Friday from 8:00 am to midnight and on Sundays from 9:00 am to 6:00 pm, covering peak trading times and offering prompt responses to queries. Whether it’s account assistance, platform guidance, or technical issues, Evest’s dedicated support team is committed to providing timely and practical help, ensuring traders feel supported throughout their trading journey.
Account Opening
Quick and Easy Setup
Opening an account with Evest is straightforward and efficient, designed to get traders started quickly.
Registration: The process begins with a simple online registration form to create a basic account profile.
Verification: Evest follows a KYC (Know Your Customer) process to verify identity, adding a layer of security for all users.
Document Upload: Users must upload relevant identification documents to complete the verification, ensuring compliance and account security.
Once these steps are completed, traders can fund their accounts and start trading. This streamlined process enables a secure and swift start for new users.
Deposit and Withdrawals
Simple and Accessible Transfers
Deposits: Traders can fund their accounts using bank transfers, credit/debit cards, and e-wallets, with no deposit fees applied. This fee-free structure allows users to add funds and begin trading without additional costs.
Withdrawals: Withdrawals are processed through bank transfers and credit/debit cards, with a minimal fee of $5 per transaction and a required minimum withdrawal amount of $25.
With flexible options and low fees, Evest provides a seamless experience for managing funds, allowing traders to focus on their trading strategies.
Final Thoughts
Evest stands out as a versatile broker, catering to a range of traders with its diverse asset selection, zero-commission stock trading, and comprehensive educational resources through Evest Academy. With account types tailored for various experience levels, including Sharia-compliant and demo accounts, Evest aims to accommodate beginners and seasoned traders. Strong security measures, such as two-factor authentication and segregated accounts, enhance client trust and safety, while multiple customer support channels ensure assistance when needed.
Although some fees apply, like the inactivity and withdrawal fees, Evest’s overall fee structure remains competitive. With accessible deposit and withdrawal options, secure platforms, and a commitment to education, Evest provides a well-rounded trading experience that prioritizes value and security.
Contact Info
Athallasas 62, Mezzanine, Strovolos, Nicosia, Cyprus
FAQs
-
Question: What is the minimum deposit to start trading with Evest?
Answer: The minimum deposit required to open a Silver Account with Evest is $250. -
Question: Does Evest charge commission fees on stock trades?
Answer: No, Evest offers zero commission on stock trading, making it cost-effective for equity traders -
Question: Are there any inactivity fees?
Answer: Yes, an inactivity fee of $75 is charged if the account is inactive after two months. -
Question: What types of trading platforms does Evest offer?
Answer: Evest provides mobile (Android and iOS), web, and desktop (MetaTrader 5) trading platforms.
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