EVERGREEN Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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Withdrawal is smooth quick. Only issue I have is the opening of an account; must brokers is instant, but here, atleast a day and the mt4 login details which is normally automatically sent via email is not sent you have to request it. That's my experience though. Great for trading with an EA.. spreads are good.
The Evergreen broker has garnered mixed reviews in the trading community, with several users expressing concerns regarding its regulatory status and overall reliability. While some users praise the platform for its user-friendly interface and variety of trading instruments, others raise red flags about potential scams and lack of regulatory oversight. Notably, the inconsistency in user experiences and expert opinions suggests a cautious approach for prospective traders.
Note: It is crucial to recognize the existence of different entities operating under the name "Evergreen," as this can significantly affect user experiences and regulatory compliance. This review aims to provide a balanced perspective based on the most reliable and recent information available.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Setup (Experience) | 4 |
| Trustworthiness | 2 |
| User Experience | 3 |
We score brokers based on a comprehensive analysis of user reviews, expert opinions, and factual data.
Founded in 2021, Evergreen Forex Global Limited operates as an online forex broker. The platform offers trading via the MetaTrader 5 (MT5) and supports various asset classes, including forex pairs, commodities, and cryptocurrencies. However, it is essential to note that Evergreen is not regulated by any major financial authority, raising concerns about its legitimacy and the safety of traders' funds.
Account Conditions (4/10): Users have reported issues with account setup and withdrawal processes. Many have experienced delays or outright denials when attempting to withdraw funds, which is a significant concern for potential clients.
Tools and Resources (5/10): While the MT5 platform offers advanced trading tools, the lack of educational resources and market analysis tools has left some users wanting more. The absence of a demo account also limits new traders' ability to practice before committing real funds.
Customer Service and Support (3/10): Many reviews highlight poor customer service experiences, including slow response times and unhelpful representatives. This has led to frustration among users who require immediate assistance.
Trading Setup (Experience) (4/10): The trading experience on the platform is generally described as average. Users have noted occasional technical glitches, which can hinder trading performance, especially in volatile markets.
Trustworthiness (2/10): The lack of regulation is a significant drawback for Evergreen. Multiple sources warn that trading with unregulated brokers can lead to potential scams, making it difficult for users to recover lost funds.
User Experience (3/10): Overall user sentiment is mixed, with many expressing dissatisfaction due to withdrawal issues and customer service challenges. Positive experiences are often overshadowed by negative reports of scams or poor support.
In summary, the Evergreen review indicates that while there are some attractive features, the significant risks associated with trading on an unregulated platform cannot be ignored. Potential traders should proceed with caution and consider these factors before investing their funds.
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