Read this EverFX review to see whether this broker is a scam or not

These platforms include MetaTrader 4, MetaTrader 5, and WebTrader. To give the broker some credit, these platforms are more than capable of ensuring a seamless and smooth trading experience. Yet it still doesn’t prove that EverFX is a trustworthy broker. What we can say is that there are suspicious details in the commission department that further enforce our EverFX fraud theories. As the broker claims, it charges no fixed commissions whatsoever, and the only commission type that you need to pay is via spreads. However, as we inspected the account packages, we found that the Premium and Standard accounts have the so-called “other charges” that clearly don’t fit in the no-commission policy.

Account Types

Hence, EverFx is a Good platform to learn and earn through the various services it offers to the users. In this article, we will show you the trading conditions, platforms, fees, and reliability of this forex broker. With more than 8 years of experience in the trading industry, we know exactly how to find a good trading provider. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.

Newsroom and videos

  1. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors.
  2. Held a high position in the organized crime group, similar to that of Amant Josifi, an Albanian ex-government official currently wanted for arrest for running a scam call center in Tirana.
  3. In addition to the retail accounts, EverFX also lets you choose a demo account.
  4. While Axiance is currently enjoying positive reviews online, its previous trading name EverFX is blighted by countless detailed negative reviews from customers.
  5. The software developed to satisfy almost any demand enables to trade from any location at anytime by the designed applications suited to any device.

Social links are also displayed on the site, and there is an address in Cyprus (Antheon 2, Monovoliko 4, Kato Polemidia, 4151 Limassol, Cyprus) which can also serve as a method of contacting this broker house. Incentives are an obligatory element in the trading business, and EverFX also uses various forms of promotions and rewards to entice the traders to join their company. However, in our expert EverFX opinion, it is evident that this broker simply does not offer enough in this department, and that prospective investors should look elsewhere for high-quality bonuses. The so-called “zero-cost trading” and a “refer-a-friend” feature are the only available options, and this area needs improvement as soon as possible. STP (Straight Through Processing) brokers seem to be taking over the Forex market, and the efficiency of this new model is certainly worth taking a look into the matter.

Spanish Police Arrest Key Figure in Scam Brokerage Linked to ‘Fraud Factory’ Investigation

In September 2020, Jane agreed to put £20,000 into BProFX, and Hunt coached her through various trades over the next few months. Soon they were speaking nearly every morning, and Jane was revealing specific things she needed money for – expensive repairs to her roof, a buffer for her pension. Hunt used them against her, she said, telling her certain trades would „get her that roof“ and „help her future“. Jane sent EverFX a message through their website and was called back and connected to someone she was told was a senior trader. He told her he was calling from Odessa, in Ukraine, and his name was David Hunt.

The range of account types, platforms along with advanced tools and convenient customer supports enables it all becomes true. Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 66-84% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms. The texts on this page are not are not investment recommendations.

Withdrawals from EverFX are usually processed in one business day and to make a withdrawal, clients need to fill out a request form. As mobile trading continues to gain momentum, EverFX Global has ensured its services are available on Android and iOS devices. limefx EverFX were a leading sponsor of the Spanish football club Sevilla FC, and defrauded at least 170,000 people, many in Spain, until EverFX was banned by the UK’s Financial Conduct Authority (FCA). All in all, we conclude that the question of “is EverFX legit?

We have received a number of complaints regarding EverFX and advise all traders to stay away from the brand. If you are contacted in a way which suggests EverFX have any connection to, you are being misinformed and should cease communication with the parties involved immediately. As for spreads themselves, the VIP account can give you a 0-pip spread, although it’s very suspicious that you can select an account that has no commissions whatsoever, neither spreads nor other types of charges. First things first, let’s talk about the available financial instruments. As EverFX claims, there are well over 1,000 assets you can trade with it, and fairly enough, we found the listings for pretty much all of those assets on the website.

Mr Chelidze and Mr Gogeshvili also strongly denied our accusations, saying that EverFX was a legitimate, regulated platform. They denied knowledge of Milton or any connection between EverFX and the brands we identified, which they suggested had misused EverFX’s source code and brand to confuse users. They said EverFX had never had a crypto wallet and had no control over how its third-party payment processors directed funds.

The call was made from the offices of Solo Capitals, a purported cryptocurrency trading firm based in Georgia. The recording is hard to listen to, because not only does the elderly man, Jan Erik, sound muddled, he tells the caller he has already lost one million Swedish Krona (about £80,000) in trading scams. But very pleased with the conditions and quality of services. The minimum deposit which will allow you to start with a Standard account requires only 250$ as the very beginning. Higher account types will demand more money, yet with a quite reasonable amount the first level account remaining at your disposal. Nevertheless, the Bank transfers deliver commission free withdrawal to the traders, yet this means the company does not charge any fees but the Bank provider may incur some costs for the transaction itself.

Opinions, market data, and recommendations are subject to change at any time. There is also the option of entering into the lucky draw. The middle of the platform has a search bar of markets, where users can search for their desired market trades. On the top right side, there is a deposit option to deposit the funds. There is a language selection option in the right corner. On scrolling the main page, there are top gainers in the 24 hours and my open orders.

If you have traded with EverFX we would really like to know about your experience – please submit your own review. In compliance with CySEC regulation, client and company funds are separated and all funds are held by  banks. EverFX’s global website and platforms are secured using industry-standard encryption protocols.

Together with diversified portfolio, EverFX offers high-level support and a commitment to honest and transparent services, while also delivers education and customer support to every signed client. USD 18K has been lost in fraud by acct manager – name Nick. The modus operandi is the same as most of the reviews here. Only I want to know the process of reporting to the local police and subsequently to Interpol about this scammer company. Also civil litigations, court proceedings; I’m in the process of it.

Take care everyone, and have a beautiful day, night or evening.MOHAMED, LONDON,UK. Do not give them money or your phone number, you will be forced to pay money and they will call you every day and pushing you to give them money. Blocking the number is useless, they are using different phone numbers everytime. I blocked their number and they continously call from other numbers which i block and they still call from other numbers which i still block.

The majority of those new broker houses promise a set of tantalizing benefits, such as instantaneous execution, safe trading environment, tightest spreads, and so on. However, not all of those companies are equally professional and trustworthy, and our EverFX review will provide you with the necessary information about this particular trading provider. At that time, EverFX was one of the main sponsors of the top-flight Spanish football team Sevilla FC. The club’s stars had advertised the trading platform on social media and – Jane checked – it was regulated by the UK’s Financial Conduct Authority. For more than a year, BBC Eye has been investigating a global fraudulent trading network of hundreds of different investment brands that has scammed unwitting customers like Jan Erik out of more than a billion dollars.

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