Evest Review 2023: What You Need To Know

evest

Evest is a favored option for investors due to its expansive variety of assets, versatility, and transparency. The firm furnishes several different types of accounts and cost-saving benefits like trading stocks with no commissions. Check the evest review

Evest Main Highlights

🚀 Minimum deposit:250$
⚖️ Leverage:1:400
🛡️ Regulations & Licenses:VFSC, FSCA, UK, CYPRUS
💵 Deposits/Withdrawals:Wire Transfer, Credit/Debit Card, Maestro, Visa Electron, Skrill, Neteller
💻 Trading platform:Mobile App, Web App, MetaTrader 5
🌙 Islamic Account:Yes
🔗 Main domain:evest.com

A Loot At Evest

Evest is a CFD trading platform operating in the GCC region and regulated by The Vanuatu Financial Commission (VFSC). Joining is simple and quick, giving investors access to a vast array of instruments – from the most sought-after stocks to Bitcoin or the best altcoins – without any commissions!

CFD stands for Contract for Difference, which means that when you purchase a contract, you are essentially mirroring the price of the asset rather than actually owning it. The Evest review that you need.

Evest Account Types

Evest review gives you details about Evest’s account types:

Silver account

FeaturesAccount Manager, Daily Market Summary, Market Analysis

Account currenciesUSD
LeverageVaries based on products
Minimum deposit250$
Min. Lot Size Per Trade0.01
Spreads3

Gold account

FeaturesAccount Manager, Daily Market Summary, Market Analysis
Account currenciesUSD
LeverageVaries based on products
Minimum deposit5000$
Min, Lot size per trade0.01
Spreads2.2

Platinum account

FeaturesAccount Manager, Daily Market Summary, Market Analysis, Senior Account Manager, Trading Central Platform, Debit Card Coming Soon

Account currenciesUSD
LeverageVaries based on products
Minimum deposit20,000$
Min. LOt size per trade0.01
Spreads1.8

Diamond account

FeaturesAccount Manager, Daily Market Summary, Market Analysis, Senior Account Manager, Trading Central Platform, Debit Card Coming Soon, No Withdrawal Fees, Special Events

Account currenciesUSD
LeverageVaried based on products
Minimum deposit50,000$
Min. Lot size per trade0.01
SpreadsCustomized

Evest Review Features

What are Evest’s features?

Easy sign-up

Registering with Evest is a simple process. All you have to do is go to the homepage and click the sign-up icon located in the top right corner. After passing the verification process, you’ll be ready to begin trading.

Zero commissions on stock trading

It is possible to purchase up to three hundred of the most sought-after stocks with zero transaction fees. Furthermore, there are no charges for live stock quotes, charting tools, account deposits, or educational materials.

Evest investment basket

This broker offers ten distinct baskets of trading tools, all of which are known as “Evest Investment Baskets”. These baskets are composed of promising financial instruments that have been sorted out based on their average weighted closing price and price during the past sixty sessions.

evest review

They are ideal for those who are risk averse, looking to invest in ETFs, and are pressed for time but still wish to invest in the long-term.

The Evest trading academy

Evest review about the Evest Trading Academy is an excellent resource for newcomers to the trading world who are looking to broaden their knowledge. It provides a range of courses, from introductory lessons to more advanced market strategies, allowing learners to select a course based on the level of detail they desire.

Evest Trading Platforms

Evest provides traders with multiple platforms:

MetaTrader 5

The MetaTrader 5 platform features cutting-edge programming to provide advanced trading capabilities to the masses.

evest review

Although it may take a bit of learning, once you get the hang of it you can use the most sophisticated trading methods.

Mobile app

When you’re away from your computer and suddenly hear about a major drop in stock or cryptocurrency you have been monitoring, you need a reliable trading platform that can be accessed from anywhere. The Evest app is the answer, providing an extra layer of security with 256 rapid SSL encryption, making it virtually impossible to breach even with the most sophisticated computers.

Trading & Investment Products offered by Evest

What are Evest’s investment products?

Cryptocurrency

With Evest cryptocurrency CFDs, traders can use the same trading account for their crypto investments as for their stock and commodity investments, all from a trustworthy and regulated broker.

Evest provides a portal for investors and day traders alike to speculate on the prices of crypto assets. From Bitcoin to Ethereum, and even the top altcoins like Litecoin and XRP, the platform has it all. If you’re looking for a way to make money from the virality of meme coins, you can do that too.

Evest offers the best long-term cryptos for any investor. What sets Evest apart from other crypto trading platforms is its user-friendly interface and compatibility with MT5, making it ideal for beginners and experts alike. With Evest, the cryptocurrency market is accessible to everyone and open to any level of trader.

Stocks

Evest provides a comprehensive selection of well-known stocks, including those of AMAZON, APPLE, and TESLA, making it an ideal platform for investors who seek to acquire blue-chip equities for the long haul.

Indices

Investing in indices can give investors exposure to an entire market segment with just one order. Popular examples include the SPX500, FTSE100, and NASDAQ100.

With Evest, trading indices can be done alongside other assets such as cryptos, stocks, and commodities, all on the same platform. Not only are they an ideal way to build a diversified portfolio, but the customizable price chart and leverage trading options available make indices suitable for short-term trades as well as long-term investments.

Commodities

Evest offers the chance to invest in commodities such as gold, silver, sugar, and cacao. This type of investing can be more reliable than other asset classes due to its predictable seasonal fluctuations.

Furthermore, commodities are a great way to hedge against inflation, as they tend to increase in value when the cost of living rises. This can help protect your portfolio from riskier investments like cryptocurrency and forex.

Evest’s CFD commodities also offer the advantage of leveraging, allowing you to diversify your capital allocation and further hedge your portfolio. With a wide range of instruments available, Evest gives investors and traders the tools they need to build a secure and diversified portfolio.

Evest Deposits And Withdrawals

It was not possible to deposit money into an Evest account without first being approached by an account manager.

evest review

The evest review told us that we could use a debit or credit card, wire transfer, or an electronic payment system such as Skrill or Neteller to fund our account.

However, the broker would only allow debit card deposits if we opened the most expensive account type. Evest does not charge any deposit fees, but the processing fees can be up to 10%. Withdrawal fees are also quite high. A standard withdrawal will cost $5 plus a conversion fee of 2%.

If your account is inactive or hasn’t reached a trading activity of 3 full lots, then you will be charged a withdrawal fee of 10%. Inactivity fees are also quite hefty. If you haven’t traded in two months, you will be charged a $75 fee, which decreases to $50 after three months.

Evest’s Regulations and Licenses

Evest is regulated by the Vanuatu Financial Services Commission (VFSC) as a part of AtriaFinancial Ltd. Its license numbers are as follows: VFSC (17910), U.K. (12745548), FSCA (36060) and Cyprus (41954).

Evest Trading Software

Evest provides users with a fairly unspecialized web-based trading platform. Although the interface is fairly straightforward to use, the range of features available is quite limited. This broker also offers a copy trading solution, however, this does not drastically improve the overall user experience. Unfortunately, many fraudulent brokers use similar platforms due to the low cost involved.

Related article: Exness Review 2023: Pros & Cons | Brokers Times

FAQs

Is Evest Scam or Safe?

Evest is well-established in 2021, Evest is a broker with bases in South Africa and Vanuatu that offers Forex/CFD trading services to more than 4 million customers.

Is Evest Securities Legit?

Yes. ATRIAFINANCIAL LTD, a licensed firm (VFSC licensed under number 17910), is the operator of Evest. The company is authorized to conduct business in securities trading.

Is Evest good for beginner?

Evest is regulated by the Vanuatu Financial Commission (VFSC), a financial regulator. Funds held by customers are kept separate and managed securely with specialized software. Furthermore, customers are the only ones who can access their funds.

What is the minimum deposit at Evest?

250$

Where are the offices of Evest located?

Evest is located in Nicosia, Nicosia, Cyprus.

3.7 rating
3.7/5
Total Score

Evest Pros

  • Variety of account types
  • No-fee stocks trading
  • Comprehensive trading education
  • Access to MT5 trading platform
  • Streamlined account opening process

Evest Cons

  • High inactivity fee
  • Spreads are average
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