evfx Forex Broker

EVFX Forex Broker - Complete Information Guide

1. Broker Overview

　　EVFX, also known as Electronic and Voice Foreign Exchange Ltd, was established in 2011. The company is headquartered in London, UK, and operates as a private entity. The broker primarily serves professional clients, corporates, and eligible counterparties, providing access to various financial markets.

　　Since its inception, EVFX has focused on expanding its offerings and enhancing market access for its clients. The broker has achieved significant milestones, including the establishment of agency voice desks and partnerships with top liquidity providers, ensuring that clients benefit from competitive trading conditions.

　　EVFX operates under a pure agency model, meaning it does not take positions against its clients. This business model aligns the interests of the broker with those of its clients, which is a significant advantage in the competitive forex market. The broker's business model encompasses both retail forex trading and institutional services, catering to a diverse range of trading needs.

2. Regulation and Compliance Information

　　EVFX is regulated by the Financial Conduct Authority (FCA) in the UK, with the registration number 470325. The FCA is known for its stringent regulatory standards, ensuring that brokers maintain adequate capital and operational standards to protect investors.

　　The regulatory license is valid and allows EVFX to operate within the UK and provide services to clients from various jurisdictions, excluding specific countries such as the United States and Belgium. The broker adheres to strict client fund segregation policies, ensuring that client funds are kept separate from the company's operational funds.

　　Additionally, EVFX participates in the Financial Services Compensation Scheme (FSCS), which provides compensation to clients in the event of the company's insolvency, covering up to £85,000. The broker also complies with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, ensuring that it conducts thorough identity verification and monitoring of client transactions.

3. Trading Products and Services

　　EVFX offers a comprehensive range of trading products, including access to approximately 90 currency pairs, which cover major, minor, and exotic currencies. The broker also provides a variety of CFD products, including indices, commodities, stocks, and non-deliverable forwards (NDFs).

　　The broker continuously updates its product offerings, ensuring that clients have access to the latest market instruments. Retail trading services are tailored to individual traders, while institutional clients benefit from bespoke solutions, including white-label services and asset management.

　　EVFX's diverse range of products allows traders to explore various market opportunities, enhancing their trading strategies and portfolio diversification.

4. Trading Platforms and Technology

　　EVFX does not offer the widely popular MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. Instead, it provides access to several advanced trading platforms, including Currenex, Fastmatch, Integral, FXall, Digital Vega, Hotspot FX, Solid FX, FXCM Pro, FX One, and API trading solutions.

　　The broker's platforms are designed to accommodate a wide variety of trading strategies and preferences, offering features such as real-time data, advanced charting tools, and customizable interfaces. Additionally, EVFX supports voice trading, enabling clients to execute transactions with significant size and sensitivity.

　　For mobile trading, clients can access the platforms through iOS and Android applications, ensuring that they can trade on the go. The execution model employed by EVFX is primarily STP (Straight Through Processing), providing clients with direct access to market liquidity.

5. Account Types and Trading Conditions

　　EVFX offers three main account types: Personal, Corporate, and Introducer accounts. The minimum deposit required to open an account is $500, and the broker provides competitive trading conditions with tight spreads starting from 0.1 pips on major currency pairs.

　　For professional traders, EVFX offers higher leverage options, up to 1:30, in compliance with ESMA regulations. The broker also provides a demo account option, allowing traders to practice their strategies and familiarize themselves with the trading platform without risking real capital.

　　Additionally, EVFX offers Islamic accounts for Muslim traders, which comply with Sharia law by not charging overnight fees. The broker's trading conditions are designed to cater to both retail and institutional clients, ensuring that all traders can find suitable options based on their trading needs.

6. Fund Management

　　EVFX supports several deposit methods, including bank transfers, credit cards, and e-wallets like Skrill. The minimum deposit requirement varies based on the account type, starting at $500.

　　Deposits are typically processed quickly, often within a single business day, and the broker does not charge any fees for deposits or withdrawals. However, traders should be aware of potential fees imposed by their payment providers.

　　Withdrawals can be requested through the trading account, and the processing time ranges from immediate to a maximum of two business days, depending on the method used. EVFX does not charge additional fees for withdrawals, making it a cost-effective option for traders managing their funds.

7. Customer Support and Educational Resources

　　EVFX offers customer support through various channels, including phone, email, and an online contact form. However, the broker does not provide live chat support, which may be a disadvantage for some clients. Customer service is available in English, and support hours are aligned with the trading sessions.

　　In terms of educational resources, EVFX lacks comprehensive training materials and market analysis services. While the broker provides basic information about its trading products, it does not offer structured educational programs, webinars, or tutorials that are often available with other brokers.

　　Traders seeking in-depth market analysis or educational content may find the resources provided by EVFX insufficient for developing their trading skills.

8. Regional Coverage and Restrictions

　　EVFX primarily serves clients in the UK and other regions where it is legally permitted to operate. The broker has a presence in London, which is one of the world's leading financial hubs.

　　However, EVFX does not accept clients from certain countries, including the United States and Belgium, due to regulatory restrictions. This limitation may affect traders looking for a broker with a wider geographic reach.

　　Overall, EVFX provides a robust trading environment for professional clients, offering diverse trading products and advanced platforms, although it may not be suitable for beginner traders due to its focus on institutional services and lack of educational resources.

　　In conclusion, the EVFX broker stands out for its regulatory compliance and extensive range of trading platforms, making it a reliable choice for experienced traders seeking access to global financial markets.