Evest

Evest Company Profile

Evest Is A Company Incorporated In The United Kingdom With Registration Number 12745548 And Founded In 2021. The Company Has A Good Reputation In The Foreign Exchange Market And Is Known For Providing High-quality Trading Services And Professional Customer Support.

Advantages Disadvantages

Advantages

• Broad Asset Class
• Demo Account And Islamic Account For Specific Trading Preferences
• 0% Stock Trading Commission
• Offer MT5
• Rich Educational Resources

Disadvantages

• No Valid Regulations
• Broker-related Scam Reports
• Excludes Reports From The United States, Canada, Russian Federation, Clients In Israel, Palestine And European Union Countries
• Limited Trading Instruments
• Inactivity Fee Charged After Account Has Been Idle For A Period

Regulatory Status

Based On Available Information, There Are Some Concerns Regarding The Regulatory Status. Their Offshore Vanuatu Financial Services Commission (VFSC, License No. 17910) License Calls Into Question The Level Of Regulatory Oversight And Investor Protection Provided By The Company. Additionally, There Are Concerns Regarding The Financial Sector Conduct Authority (FSCA, License No. 36060) License As A Dubious Clone.

Regulation Is An Important Factor To Consider When Assessing The Security Of A Broker. Regulated Brokers Are Usually Subject To Certain Rules And Regulations Designed To Protect The Interests Of Investors And Ensure Arm's Length Transaction Behavior. If A Broker Is Not Regulated Or Holds A License From An Offshore Regulator With A Dubious Reputation, It May Increase The Risk For Investors.

However, It Is Important To Note That The Security Of A Broker Involves Multiple Aspects, Not Just Regulatory Status. Although Evest Claims To Store Clients' Funds With Top Banks And Protect Personal Information Through SSL Encryption, Independently Verifying These Claims Without Further Information Is Challenging.

Activating Two-factor Authentication (2FA) Can Be A Good Security Measure As It Adds An Extra Layer Of Protection To Your Account. However, The Mere Existence Of 2FA Does Not Guarantee The Overall Safety And Legality Of A Broker.

In Conclusion, Based On The Information Available And The Issues Raised, It Is Prudent For Evest To Use Caution. Before Approaching Any Broker Or Investing Your Money, It Is Essential To Conduct Thorough Research, Consider Multiple Factors And, Where Possible, Seek Advice From A Financial Professional.

Market Tools

Evest Offers A Wide Range Of Market Tools To Provide Investors With A Diverse Selection Of Financial Opportunities. Offering More Than 550 Financial Instruments, Including Currency Pairs, Global Stocks, Indices, Cryptocurrencies, Evest's Investment Baskets (eibs) And Commodities, Clients Have The Flexibility To Diversify Their Portfolio And Explore Various Investment Avenues.

Currency Pairs Allow Traders To Participate In The Foreign Exchange Market, Taking Advantage Of Exchange Rate Fluctuations Between Different Currencies. Universal Shares Offers Access To Stocks From Major International Markets, Allowing Investors To Take Advantage Of The Performance Of Well-known Companies In Various Industries. Indices Represent A Basket Of Stocks That Track The Performance Of A Particular Market Or Industry As A Whole. Investing In Indices Gives Individuals Exposure To Broader Market Movements And May Benefit From Market Trends.

Cryptocurrencies Have Gained Significant Popularity In Recent Years, And Evest's Offering Includes A Selection Of These Digital Assets. This Enables Investors To Participate In The Cryptocurrency Market And Potentially Benefit From Price Movements In Popular Cryptocurrencies Such As Bitcoin, Ethereum, And Others.

Evest's Investment Baskets (eibs) Offer A Diverse Range Of Investment Options By Combining Multiple Assets Into A Single Investment Vehicle. This Can Be Attractive To Investors Seeking Exposure To A Range Of Financial Instruments Without The Need To Trade Individually.

Finally, Commodities Offer Alternative Investment Classes, Including Precious Metals Such As Gold And Silver, Energy Resources Such As Oil And Gas, And Agricultural Commodities Such As Wheat And Corn. Investing In Commodities Can Hedge Against Inflation And Provide Opportunities For Portfolio Diversification.

Evest Due To The Wide Availability Of Market Instruments On International Financial Marekts, It Is Possible For Investors To Explore Various Investment Strategies, Diversify Their Portfolios And Take Advantage Of Opportunities In Different Asset Classes. However, It Is Important To Carefully Consider The Risks Associated With Each Instrument And Conduct Thorough Research Before Making An Investment Decision.

Accounts

Evest Offers A Range Of Real Trading Accounts Tailored To Meet The Needs Of Different Investors. The Four Account Types Available Are Silver, Gold, Platinum And Diamonds. The Minimum Deposit Requirement For A Silver Account Is $250, Making It Available To Traders With Less Capital. As Traders Progress And Prepare To Make More Investments, They Can Choose Between A Gold Account With A Minimum Deposit Of $5,000, A Platinum Account With A Minimum Deposit Of $20,000, Or A Diamond Account With A Minimum Deposit Of $50,000. These Higher Level Accounts Offer Enhanced Features, Advantages, And Potentially More Favorable Trading Conditions. In Addition To A Live Trading Account, Evest Also Offers Demo Accounts For Individuals Who Want To Practice And Become Familiar With The Platform. The Demo Account Comes With A Free Balance Of $25,000, Allowing Traders To Simulate Real Market Conditions Without Risking Their Own Capital. This Feature Is Especially Beneficial For Beginners Or Those Who Wish To Test Their Trading Strategies Before Committing Real Money. In Addition, Evest Caters To Traders Who Abide By Islamic Principles By Offering Islamic Accounts, Also Known As Swap-free Accounts. These Accounts Are Designed To Comply With Sharia Law, Which Prohibits Earning Or Paying Interest. Islamic Accounts Eliminate Overnight Swap Fees For Long-held Positions, Making Them Suitable For Traders Seeking Halal Trading Options.

Leverage

Evest Offers Maximum Leverage Of Up To 1:400 To Its Traders. Leverage Is A Tool That Enables Traders To Expand Their Trading Positions By Borrowing Funds From Brokers. With A Leverage Ratio Of 1:400, Traders Can Control Larger Positions In The Market With A Smaller Initial Capital Requirement. This Increased Leverage Can Potentially Increase Profit Potential, As Even Small Price Movements Can Lead To Significant Gains.

However, It Is Important To Note That While Leverage Can Amplify Profits, It Can Also Amplify Losses. Higher Leverage Means Higher Risk, As Traders Face Greater Potential Losses If The Market Moves Against Their Positions. Therefore, It Is Essential That Traders Exercise Caution, Implement Appropriate Risk Management Strategies, And Carefully Consider Their Risk Tolerance When Using Leverage. Evest Offers High Leverage So That Traders Can Access Greater Trading Opportunities, But Must Use It Responsibly And Thoroughly Understand The Implications.

Trading Platform

Evest Offers Multiple Trading Platforms To Meet The Diverse Needs And Preferences Of Traders. One Of The Available Options Is Mobile Trading, Which Allows Traders To Conveniently Access The Market And Manage Their Accounts Via Their Mobile Devices. Mobile Trading Platforms Enable Traders To Monitor Real-time Market Data, Make Trades, Manage Positions And Access Necessary Trading Tools On The Go, Thus Providing Flexibility And Accessibility.

Another Option Is The Web Trader Platform, Which Provides A Browser-based Trading Interface Accessible From Any Web Browser. The Platform Eliminates The Need To Download And Install Additional Software, Making It Convenient For Traders Who Prefer A Web-based Trading Experience. Web Trader Platforms Typically Offer A User-friendly Interface, Advanced Charting Capabilities, Order Management Tools, And Real-time Market Analysis.

Evest Also Supports The Popular Meta Trader 5 (MT5) Platform And Is A Widely Recognized And Trusted Trading Platform In The Industry. MT5 Offers A Comprehensive Set Of Trading Tools, Advanced Charting Capabilities, Multiple Order Types, And A Wide Range Of Technical Indicators And Expert Advisors. The Platform Is Known For Its Flexibility, Allowing Traders To Customize Their Trading Environment And Implement Automated Trading Strategies.

In Addition To These Platforms, Evest Offers Specialized Trading Apps, Designed Specifically For Mobile Devices. Trading Apps Provide A Seamless And Optimized Trading Experience, Allowing Traders To Stay Connected To The Market And Execute Trades With Ease. The App Typically Offers A User-friendly Interface, Real-time Market Data, Advanced Charting Tools, And Account Management Features.

With A Wide Variety Of Evest Trading Platforms, Traders Have The Flexibility To Choose The One That Best Suits Their Trading Style, Preferences, And Device Compatibility. Evaluate The Features, Functionality, And User Experience Details Of Each Platform To Ensure It Meets Your Trading Needs And Goals.

Deposits And Withdrawals

Evest Offers A Wide Range Of Deposit And Withdrawal Options, As Indicated By The Logo Displayed On Its Website. Traders Can Choose From The Following Methods Telegraphic Transfer, American Express, Visa, MasterCard, Maestro, Visa Electron, Skrill And Neteller. This Is Said To Have A Minimum Initial Amount Of $50 Although Account Opening Requires A Minimum Deposit Of $250. The Broker Does Not Charge Any Deposit Fees, Which Can Be Advantageous For Traders. However, There Is A Withdrawal Fee Of $5 And A Minimum Withdrawal Of $25

Evest Withdrawal

To Withdraw Funds From Your Account Evest Account, You Need To Follow These Steps:

Step 1: Click On Withdrawal.

Step 2: Enter The Amount (USD) You Want To Withdraw.

Step 3: Fill Out The Electronic Withdrawal Form As Required.

Step 4: Click On "Submit".

It Is Important To Note That Withdrawal Requests Can Take Up To 7 Business Days To Process, And The Actual Time Required To Receive Funds May Vary Depending On The Payment Provider Involved. Generally, Traders Can Expect Funds To Appear In Their Account Within 14 Business Days. It Is Recommended To Familiarize Yourself With Evest's Official Website Regarding Specific Terms And Conditions Regarding Deposits And Withdrawals, And Consult The Broker Directly For Any Additional Information Or Instructions.

Fees

In Addition To Withdrawal Fees, Evest Levies Certain Other Fees That Traders Should Be Aware Of. One Of These Fees Is A Conversion Fee, Set At 2% For Currency Exchange. This Fee May Be Charged When Funds Are Deposited Or Withdrawn In A Currency Different From The Base Currency Of The Account. Be Sure To Consider This Fee When Making Transactions Involving Different Currencies.

Additionally, Evest Implements An Inactivity Fee For Accounts That Remain Inactive For An Extended Period Of Time. After The End Of The Second Month Of Inactivity, The Broker Charges An Inactivity Fee Of $75, Though, It Is Worth Noting That Starting At The End Of The Third Month, The Inactivity Fee Drops To $50. In Order To Cover The Inactivity Fee, Unpositioned Squaring Positions May Be Closed, So It Is Crucial That Traders Monitor Their Account Activity To Avoid Unnecessary Fees.

Client Server

Evest Offers Multiple Channels Of Customer Support, Ensuring That Traders Can Easily Get In Touch And Receive Assistance When Needed. Brokers Offer Online Chat Support, Allowing For Real-time Communication With Their Support Team Directly On Their Website. This Allows Traders To Quickly Resolve Any Queries Or Concerns They May Have.

In Addition To Live Chat, Evest Offers Telephone Support, Allowing Traders To Speak Directly To A Client Server Representative For More Personalized Assistance. For Non-urgent Enquiries Or Detailed Explanations, Traders Can Contact Evest By Sending An Email Or Sending A Message Online. This Provides A Written Record Of Communication And Allows For More In-depth Discussions Or Requests. In Addition, Evest Remains Active On Multiple Social Networks Including Twitter, Facebook, Instagram And YouTube. By Following Brokers On These Platforms.