EVFX Review – Important Questions To Ask About the Broker

EVFX Review

EVFX is a forex brokerage firm based in London. Using its Electronic and voice technology, the broker provides the opportunity to the customers to exchange foreign currency and also offers them the access to a number of options and forwards markets. In addition to that, the traders can also deal with commodities, indices, futures and many more.

The broker provides and engaging and trader-friendly environment to its clients making the trade process comfortable for them. Here is a comprehensive EVFX review that will help the readers in understanding the services that are offered by the broker and the pros and cons of trading with the broker.

Is EVFX a Scam?

No, EVFX is a trustworthy, UK based brokerage firm. It is regulated by a reputable authority that marks a benchmark for its authenticity. The Financial Conduct Authority (FCA) looks upon the broker. EVFX is made to follow all the guidelines and rules that are provided by the FCA. In order to ensure the transparency level, the broker makes sure that all the funds and assets of customers are kept in segregated accounts.

Charges and Fees

EVFX does not demand any charges from its customers when they deposit the funds or withdraw them. However, the broker may charge a commission-based fee from its customers. The experts are of the view that the fee ranking of the broker is marked as low.

Trading Platforms

Trading platforms provide the feasibility to the traders so that they can carry out trade in all parts of the world using their electronic devices. There are a number of trading platforms that are integrated with the broker that helps the customers to trade easily. The trading platforms may include FXONE, FXCMPRO, FXall, Integral, FastMatch, Currenex and API trading.

On all these platforms API is present, and they also help in catering Ndfs, Options, Forwards and Spot for the ease of customers.

Bonuses

Usually, the brokers offer multiple kinds of bonuses to attract a greater number of customers. these may include sign-up bonuses, deposit bonuses etc. EVFX also offers a reasonable amount of deposit bonus that helps in building the confidence among the customers that their funds are in safer hands. However, the retail clients of the broker are not considered eligible for deposit bonus.

Recognition and Rewards

In the highly competitive financial market, winning an award or being recognized by a reputable authority adds to the portfolio and trading profile of the broker. However, EVFX has not won any award or recognition till date neither there is any information present on its official website.

Leverage

The leverage that is usually provided on the crypto products is usually lower than the leverage on the traditional daily life products. It increases the exposure of the trader in the market and also helps in gaining profit. EVFX provides high leverage ratio to its customers that may range up to 1:500.

Trading Instruments

EVFX offers the trading opportunities for the customers in a number of assets that may include commodities, precious metals, indices, energy, forex etc. Using the platform of EVFX the traders can get the access to a number of financial markets and have all the information about market conditions and fluctuations.

Education and Training

To trade in a confident and efficient way, the traders should have the information and knowledge about all the techniques and tools used in trading. For this purpose, the brokers usually provide sufficient educational material for their customers.

EVFX however does not provide any educational information for its clients leaving the responsibility upon them to train and educate themselves before trading.

Conclusion

EVFX is a British broker working efficiently providing its services to customers all around the globe. It provides a healthy trading environment to its customers that helps them in gaining maximum profit. However, the broker still lacks some educational and training resources that can help its customers and it is striving to make it better.