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EVEST Review

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Brokers Analysis, Marketing Automation

Content & Marketing Operations Associate | Investing.com

BA & Honors in Public Diplomacy & Affairs, The Raphael Recanati International School Reichman University | DPIJI, Daniel Pearl International Journalism Institute | HarvardX

4.8

Evest has long been a top choice for traders because of its asset range, flexibility, and transparency. The company offers multiple different types of account and cost-saving features like zero-commission stocks trading. The brokerage also provides investment features to its clients through its “Investment Basket“.

Pros and Cons

Pros

  • Commission-Free On Some Instruments
  • Trading Academy Available
  • MT5 Offered
  • Easy Account Opening

Cons

  • Spreads Are Average
  • High Inactivity Fee

Recommended For

You can always tell whether a broker will be suitable for new traders if it offers a selection of educational tools. Evest has this suite (as discussed a few sections below) in the form of its Trading Academy. 

In addition to this educational resource, the minimum deposit for Evest is not that high, indicating that new traders won’t feel barred from starting an account. Lastly, there is a demo offered, so novices can practice their strategies before actually trading. These features indicate that Evest is suitable for a wide range of trader experience levels, from newbie to old pro.

Top Features

  • Wide Range of Instruments. You can tell if a broker is worth your time if they provide you with a decent selection of instruments from which to choose when trading. Evest provides its traders access to 550+ financial assets like Forex, indices, global stocks, and more. It also offers access to over 100 international financial markets, and there are ten exclusive instruments for Evest clients. 
  • Evest Investment Basket. There are ten “Evest Investment Baskets,” all of which contain Evest trading tools. They include promising financial instruments that have been grouped based on their weighted average, closing price, and price during the past sixty sessions. According to this broker, Evest Investment Baskets are good for traders who are risk-conservative, interested in EFTs, and don’t have time, yet want to trade long-term.
  • Zero Commissions on Stock Trading. With Evest, you can trade over three-hundred popular stocks with 0% commission. There are also no fees for real-time quotes, charting tools, deposits, or education. 
  • Trading Academy. The Evest Trading Academy is a great tool for beginning traders who want to learn everything about trading, from basic ideas and terms to advanced market ideas. These courses consist of several lessons each, and you can choose the course based on how in-depth you want to get into your education. All in all, Trading Academy is a great resource for traders.
  • Easy Sign-Up. Lastly, it is easy to sign up with Evest. Just go to the home page and click the sign-up button in the right-hand corner. There is a verification process, and, after that, you’ll be able to start trading.

Overview

  • Type of Broker Market Maker
  • Regulation & Licensing Vanuatu Financial Services Commission
  • Clients Accepted from Not Available in USA, Canada, and European Union
  • Assets Offered 550+ Financial Instruments
  • Platforms Available Mobile, Web, Download
  • Mobile Compatibility iOS, Android
  • Payment Types Accepted Wire Transfer, Credit/Debit Card, Maestro, Visa Electron, Skrill, Neteller

Compliance & Regulation

As mentioned, Evest is regulated by the VFSC as a subsidiary of its parent company, AtriaFinancial Ltd. Here are some license numbers for Evest: 

  • VFSC: 17910
  • U.K.: 12745548
  • FSCA: 36060
  • Cyprus: 41954

Pricing

There are a few fees to be aware of when it comes to Evest. First, if you want to withdraw money from your account, you will be charged a withdrawal fee of $5 for a minimum withdrawal of $25 (unless you are a Diamond member). There is no deposit fee. 

There is a 2% conversion fee. Inactivity fees are a bit steep, as they cost $75 after the second month of no trade activity. But, the fees are lowered after the end of the third month to $50. Evest will close open positions to cover your inactivity fees.

Reliability & Security

Evest uses SSL (Secure Socket Layer) technology for its client deposits, and this SSL layer will ensure that your transactions are kept safe and secure. Additionally, customer accounts are subjected to automated protocols, requiring no human interaction. Judging from these features, Evest seems to take account security seriously.

User Experience

Evest won the “Fastest Growing Broker 2021” award at the Forex Expo Dubai that year, which indicates that this broker is doing well with its users. There are a few ratings online that speak to user experience. These include: 

  • FX Empire: 3.4/5
  • CashBackForex: 3.6/5
  • Apple: 4.2/5 (App Review)

Final Thoughts

It’s easy to see why Evest is a fast-growing broker. Evest offers a wide range of financial instruments, MetaTrader 5, and a comprehensive Trading Academy. The ability to use a demo account is also a great feature. Overall, this broker could be a good option for you, should you find it suitable to your trading needs.

Contact Info

laptop Website: https://www.evest.com
laptop Email: support@evest.com
call Telephone: 966-800-814-0106
location_on Company Address:
Govant Building 1276, Port Vila, Vanuatu

FAQs

Q: What does Evest require for proof of identity?
A: To verify your account, Evest needs a copy of your ID, like a passport or driver’s license. This ID needs to contain your full name, date of birth, valid expiration date, and a photograph of you that is high-resolution. All of the details should be unobscured.

Q: What is a position ID?
A: According to Evest, your position identification is an eight- or nine-digit number, unique to you, that is assigned to every trade for ID purposes. For an open position, you’ll find this on the left-hand side of the transaction. For closed positions, this ID is in your “History” section.

Q: When are buy-sell orders executed?
A: These orders are executed in real time. You can select the stocks offered in real-time with the Evest trading platforms.

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