Evermore broker Accounts

evermore Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

evermore Account Types Explained

Evermore offers a variety of account types to cater to different trading needs and preferences. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: Access to all trading instruments, including forex, commodities, and indices.
• Target User Profile: Suitable for beginners and intermediate traders.
• Trading Instruments Available: Forex pairs, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips plus a commission of $3 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex pairs, commodities, indices, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.5 pips with no commission.
• Leverage Options: Up to 1:300
• Key Features: Enhanced trading conditions, priority customer support.
• Target User Profile: Experienced traders and professionals.
• Trading Instruments Available: Forex pairs, commodities, indices.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account but without swap fees.
• Leverage Options: Up to 1:500
• Key Features: Complies with Sharia law, no interest on overnight positions.
• Target User Profile: Muslim traders seeking compliance with Islamic finance principles.
• Trading Instruments Available: Forex pairs, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as the Standard Account.
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and traders looking to test strategies.
• Trading Instruments Available: Forex pairs, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• Practice Traders: Demo Account

Detailed evermore Account Features

Features Comparison Across Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• Beginner-friendly features.

• Access to a wide range of instruments.

• ECN Account:

• Tight spreads and low commissions.

• Fast execution speeds.

• Ideal for scalping strategies.

• Pro Account:

• No commission fees.

• Enhanced customer support.

• Suitable for high-volume traders.

• Islamic Account:

• Complies with Islamic finance principles.

• No swap fees.

• Accessible for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Practice with virtual funds.

• Ideal for testing strategies.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees apply.

• Pro Account:

• Higher minimum deposit.

• May not suit casual traders.

• Islamic Account:

• Limited to Muslim traders.

• May have fewer features than Standard.

• Demo Account:

• Virtual funds do not reflect real market conditions.

• Limited duration for practice.

evermore Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but specific restrictions may apply.
• Prohibited Countries: Countries under sanctions or with restrictions on financial services.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license).
• Social Security Number (for U.S. residents).
• Proof of Residence Requirements:
• Utility bill or bank statement with your name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial statements.

KYC/AML Compliance Procedures

• Evermore adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and address.

Verification Time Frames

• Account verification typically takes between 1-3 business days, depending on the completeness of the submitted documents.

Step-by-Step evermore Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the official Evermore website.
2. Click Registration: Locate and click on the "Register" button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the desired account type from the options available.
5. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
6. Document Upload: Upload the required identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your account to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile app may offer a more streamlined experience for document uploads.

Common Registration Issues and Solutions

• Issue: Document not accepted.
• Solution: Ensure documents are clear and meet the required specifications.
• Issue: Delay in verification.
• Solution: Check email for any requests for additional information.

Average Account Approval Time

• The average account approval time is 1-3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

• To change account types, contact customer support through the platform or via email, and provide the necessary information for the desired account type.

evermore Demo Account Guide

Demo Account Features and Benefits

• The demo account offers a risk-free environment to practice trading strategies with virtual funds.

How to Open a Demo Account

• Visit the Evermore website or mobile app, select the demo account option, and follow the registration process.

Demo Account Limitations

• The demo account may have a limited duration or virtual balance, which can restrict trading activities.

Virtual Balance Amount

• Typically, demo accounts are funded with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds and do not involve real money, while live accounts require actual deposits and involve real trading risks.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a limited time, often 30 days, after which they may expire unless extended.

evermore Islamic Account Details

Swap-Free/Islamic Account Availability

• Evermore offers Islamic accounts that comply with Sharia law, ensuring no interest is charged on overnight positions.

Eligibility Requirements

• Available to Muslim traders who can provide necessary documentation confirming their religious beliefs.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term positions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process or contact customer support for assistance.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions or limitations on certain instruments.

FAQs – evermore Account Types & Opening

1. What account types does evermore offer？

• Evermore offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: Virtual funds.

1. How long does evermore account verification take？

• Account verification typically takes 1-3 business days.

1. Does evermore offer demo accounts？

• Yes, evermore offers demo accounts for practice trading.

1. Can I have multiple account types with evermore？

• Yes, you can have multiple account types, subject to the broker's policies.

1. Does evermore offer Islamic/swap-free accounts？

• Yes, evermore provides Islamic accounts that comply with Sharia law.

1. What documents do I need to open a evermore account？

• Government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.