Evest Company

　　

Evest Company: A Comprehensive Overview

　　

1. Company Overview

　　

Founding Date and Background

　　Evest Company was founded in October 2020 with the mission of providing better trading conditions for traders, particularly in the Middle East and North Africa (MENA) region. The company aims to leverage advanced technology to enhance the trading experience for its clients.

　　

Parent Company/Ownership Structure

　　Evest operates under the ownership of Atria Financial Ltd., which encompasses various companies registered to provide financial services in multiple jurisdictions.

　　

Headquarters Location

　　The headquarters of Evest is located in Port Vila, Vanuatu. This location allows the company to operate under the regulations of offshore financial authorities.

　　

Global Business Scope

　　Evest offers its trading services globally, with a focus on the MENA region. The platform caters to a diverse clientele, providing access to a wide range of financial instruments across international markets.

　　

Main Regulatory Bodies

　　Evest is regulated by the Vanuatu Financial Services Commission (VFSC) and the Financial Sector Conduct Authority (FSCA) of South Africa. However, the regulatory status has raised concerns among traders due to the offshore nature of its licensing.

　　

2. Company History and Development

　　

Key Milestones

• 2020: Evest was launched to provide innovative trading solutions.
• 2021: The company was recognized as the "Fastest Growing Broker" at the Forex Expo Dubai.
• 2022: Evest expanded its services by introducing copy trading and investment baskets.
• 2023: The company received its second regulatory license from the VFSC.

　　

Business Expansion Journey

　　Evest began by targeting traders in the MENA region and has since expanded its services internationally. The company has continuously developed its platform and offerings to attract a broader customer base.

　　

Customer Base Growth

　　Since its inception, Evest has seen significant growth in its customer base, driven by its competitive offerings and user-friendly trading environment. The company has garnered attention for its zero-commission trading on stocks.

　　

Platform Development History

　　Evest has invested in developing its proprietary trading platforms, including a web-based trader and compatibility with MetaTrader 5 (MT5). This development aims to provide traders with advanced tools and features for better trading experiences.

　　

Important Awards or Recognitions Received

　　Evest has received multiple awards, including recognition at the Forex Expo Dubai for its rapid growth and service quality. These accolades contribute to its credibility in the competitive brokerage industry.

　　

3. Trading Services Offered

　　

Forex Trading Options

　　Evest offers trading in over 45 currency pairs, providing traders with ample opportunities to engage in the forex market. The maximum leverage available for forex trading is up to 1:400, allowing traders to amplify their positions.

　　

Stock Trading Options

　　Evest provides access to more than 300 stocks with zero commission on trading. This feature makes it an attractive option for traders looking to invest in equity markets without incurring additional costs.

　　

CFD Trading Products

　　The platform offers a wide range of Contracts for Difference (CFDs) across various asset classes, including stocks, indices, commodities, and cryptocurrencies. This allows traders to speculate on price movements without owning the underlying assets.

　　

Other Financial Instruments

　　Evest supports trading in cryptocurrencies, offering a selection of popular digital assets such as Bitcoin and Ethereum. Additionally, the broker provides access to commodities like gold, silver, oil, and agricultural products.

　　

Special Services or Unique Advantages

　　Evests unique advantages include:

• Zero Commission on Stocks: Traders can engage in stock trading without incurring commission fees, paying only the spread.
• Investment Baskets: Evest offers pre-made investment portfolios designed for conservative investors.
• Copy Trading: The platform allows users to copy trades from experienced traders, making it suitable for beginners.

　　

4. Regulatory and Legal Background

　　

Detailed Regulatory Information

　　Evest is regulated by:

• Vanuatu Financial Services Commission (VFSC): License number 17910
• Financial Sector Conduct Authority (FSCA): License number 36060

　　

Legal Entity Structure by Region

　　Evest operates as Atria Financial Ltd., with various subsidiaries registered in jurisdictions like the UK, Cyprus, and South Africa. This structure enables the company to offer services compliant with local regulations.

　　

Client Fund Protection Measures

　　While Evest claims to keep client funds in segregated accounts at top-tier banks, the lack of participation in compensation schemes raises concerns about investor protection.

　　

Countries/Regions Served

　　Evest primarily serves clients from the MENA region and other international markets but does not accept clients from the United States, Canada, the European Union, and several other regions.

　　

Compliance History

　　The regulatory status of Evest has been questioned due to the offshore nature of its licenses. Reports of scams associated with the broker have led to increased scrutiny and caution among potential clients.

　　

5. Competitive Landscape

　　

3-5 Main Competitors

　　Evest faces competition from several other brokerage firms, including:

• RoboForex: Known for its diverse account types and trading instruments.
• Pocket Option: Offers a user-friendly platform with a focus on binary options.
• XM: A well-established broker with a strong reputation and extensive educational resources.

　　

Positioning in the Industry

　　Evest positions itself as a cost-effective trading solution with zero-commission stock trading and a focus on the MENA region. However, its regulatory concerns may hinder its competitiveness compared to more established brokers.

　　

Market Differentiation Factors

　　Evest differentiates itself through:

• No Commission on Stock Trading: This feature attracts traders looking to minimize costs.
• Investment Baskets: Providing pre-made portfolios tailored for conservative investors.
• User-Friendly Platforms: The integration of MT5 and proprietary platforms enhances the trading experience.

　　In conclusion, Evest Company has established itself as a growing player in the online trading market, particularly in the MENA region. While it offers a range of trading services and competitive features, potential clients should carefully consider its regulatory status and the associated risks before engaging with the platform. For more information on Evest and its offerings, learn more.