Evest Forex Broker

Evest Review SummaryFounded2003Registered Country/RegionUnited KingdomRegulationFSCA (regulated), VFSC (offshore regulated)Market Instrumentsstocks, currencies, commodities, indices, and cryptocurrenciesDemo Account✅LeverageUp to 1:400SpreadStarting from 0.5 pipsTrading PlatformEvest Global Markets; Trade, Invest, Online - Evest; Trade. Trust. Evest. BrokerMinimum Deposit$250Customer SupportUAE:+971-521-733-716Saudi Arabia: +966-115-112-675Monday to Friday: from 8:00 am to Midnight, Sunday: From 9:00 am to 6:00 pmEvest Information Evest, regulated by the FSCA and VFSC, is an online trading platform offering over 400 trading instruments, including stocks, currencies, commodities, indices, and cryptocurrencies. They provide a demo account for practice, up to 1:400 leverage and variable spreads starting from 0.5 pips, accessible through their proprietary trading platforms on web, iOS, and Android.Pros and ConsProsConsRegulated by FSCA and VFSCConversion fee of 2%Offers four account types and a demo accountWithdrawals incur a $5 fee with a $25 minimumTight spreadsInactivity fee of $75Is Evest Legit? Evest has a Retail Forex License regulated by the Financial Sector Conduct Authority (FSCA) in South Africa with a license number of 36060. Evest is also officially licensed and offshoreregulated by the Vanuatu Financial Services Commission (VFSC) in Vanuatu under license number 17910.Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.Financial Sector Conduct Authority (FSCA)RegulatedSouth AfricaRetail Forex License36060Vanuatu Financial Services Commission (VFSC)Offshore RegulatedVanuatuRetail Forex License17910What Can I Trade on Evest? Evest provides access to over 400 financial instruments, including stocks, currencies, commodities, indices, and cryptocurrencies, allowing for portfolio diversification.Tradable InstrumentsSupportedCurrencies✔Commodities✔Stocks✔Indices✔Cryptocurrencies✔Account Type Evest offers four account types - Silver, Gold, Platinum, and Diamond. They also offer Demo Accounts and Islamic Trading Accounts.Account TypeMinimum DepositSpreadsSilver$250from 1.8 pipsGold$5,000from 1.4 pipsPlatinum$20,000from 0.9 pipsDiamond$50,000from 0.5 pipsLeverage Evest offers up to 1:400 leverage and boasts a fast order execution speed.Evest FeesTrading-related feesFee TypeAmount/DetailsConversion Fee2%Deposit FeeFreeWithdrawal Fee$5 (minimum withdrawal amount $25)Inactivity Fee$75 after the end of the second monthTrading stocks Evest offers stock trading with no ticketing, rollover, management, or additional/hidden broker fees, allowing users to trade without these common charges.Spread by account type Evest offers variable spreads on currencies starting from as low as 0.5 pips for Diamond account holders, with spreads widening for lower account tiers.InstrumentSpread in Pip Starting From: (Silver)Spread in Pip Starting From: (Gold)Spread in Pip Starting From: (Platinum)Spread in Pip Starting From: (Diamond)EURUSD21.40.90.5EURJPY2.31.71.20.7EURCHF2.82.11.71.1USDJPY2.321.41USDCAD2.31.71.20.9USDCHF21.71.20.9GBPUSD2.31.71.20.7Cost of overnight trading with Evest Evest charges overnight swap fees that vary by currency pair and account type, with Diamond account holders generally experiencing the lowest costs for holding positions overnight.InstrumentLong Swaps Base Currency (Silver)Short Swaps Base Currency (Silver)Long Swaps Base Currency (Gold)Short Swaps Base Currency (Gold)Long Swaps Base Currency (Platinum)Short Swaps Base Currency (Platinum)Long Swaps Base Currency (Diamond)Short Swaps Base Currency (Diamond)EURUSD-5.8-3.7-5.2-3.1-4.6-2.5-4.1-2EURJPY-4.4-5.2-3.8-4.6-3.2-4-2.7-3.4EURCHF-5.8-12.1-5.2-11.5-4.6-10.9-4-10.3USDJPY-3.8-6.7-2.7-5.6-2.3-5.2-1.9-4.8USDCAD-4.8-4.8-4.2-4.2-3.6-3.6-3.2-3.2USDCHF-4.8-13.1-4.2-12.5-3.6-11.9-3.2-11.5Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable forEvest Global Markets✔Web Trading/Trade, Invest, Online - Evest✔IOS/Trade. Trust. Evest. Broker✔Andiod/Deposit and Withdrawal Evest offers free deposits, while withdrawals incur a $5 fee with a minimum withdrawal amount of $25. The minimum deposit is not mentioned. Apart from that, it charges a 2% conversion fee and processes withdrawals within up to 7 business days.