Evergreen Forex Broker Review

Evergreen Forex 2025 Review: Everything You Need to Know

In the rapidly evolving world of forex trading, choosing the right broker is paramount. The Evergreen Forex review raises significant concerns regarding legitimacy, regulatory status, and user experiences. Despite offering a range of trading options, the overwhelming sentiment from users is negative, highlighting issues such as withdrawal difficulties and unregulated practices.

Note: It is crucial to recognize that Evergreen Forex operates under different entities across various regions, which adds complexity to its credibility. This review aims to provide a balanced view based on available information and user experiences.

Ratings Overview

Category	Rating (out of 10)
Account Conditions	3
Tools and Resources	4
Customer Service & Support	2
Trading Experience	3
Trustworthiness	1
User Experience	2

We rate brokers based on a combination of user feedback, expert analysis, and regulatory scrutiny.

Broker Overview

Founded in 2021, Evergreen Forex Global Limited claims to provide online forex trading services. The broker offers trading through the popular MetaTrader 5 (MT5) platform. Users can trade various asset classes, including forex pairs, commodities, and cryptocurrencies. However, the broker lacks regulation from major financial authorities, raising significant concerns about its operations and user safety.

Detailed Breakdown

Regulatory Status

Evergreen Forex is registered in the United Kingdom but operates without valid regulation. Multiple sources, including WikiFX and Forex Peace Army, confirm that the broker does not hold licenses from reputable regulatory bodies such as the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC). This absence of oversight poses a considerable risk to traders, as unregulated brokers are not bound by any standards of conduct or accountability.

Deposit and Withdrawal Options

The broker reportedly allows deposits in various currencies, but specific details regarding withdrawal methods remain unclear. Many users have expressed frustration over withdrawal issues, with claims that requests are often ignored or delayed. According to user experiences documented in reviews, attempts to withdraw funds frequently result in complications, leading to accusations of fraudulent behavior.

Minimum Deposit and Bonuses

While the minimum deposit requirement is not explicitly stated in the reviewed sources, the general trend among unregulated brokers indicates that they often require higher initial investments. Additionally, many reports suggest that Evergreen Forex employs aggressive marketing tactics, encouraging users to deposit more funds under the guise of bonuses or unrealistically high returns.

Tradable Asset Classes

Evergreen Forex offers a variety of trading instruments, including over 30 forex currency pairs, commodities, and cryptocurrencies. However, the lack of transparency regarding spreads, fees, and commissions raises concerns about the overall cost of trading with this broker.

Costs and Fees

The specific costs associated with trading on Evergreen Forex are not clearly outlined in the available reviews. However, many user complaints indicate hidden fees and high spreads, which can significantly impact profitability. Given the broker's unregulated status, traders should be wary of unexpected charges that may arise.

Leverage and Trading Platforms

Evergreen Forex offers leverage up to 1:500, which is attractive for traders looking to maximize their positions. However, high leverage also increases the risk of significant losses, especially for inexperienced traders. The primary trading platform is MT5, known for its advanced features and user-friendly interface, but users have reported issues with execution speed and reliability.

Restricted Regions

The broker appears to operate in multiple regions, but specific restrictions are not well-documented. Given its unregulated status, traders from jurisdictions with stringent regulations should exercise caution and consider avoiding this broker.

Customer Support Languages

Customer support for Evergreen Forex is reportedly lacking, with many users citing unresponsive service and inadequate assistance. This is a critical concern for traders, as effective support is essential for resolving issues that may arise during trading.

Final Ratings Overview

Category	Rating (out of 10)
Account Conditions	3
Tools and Resources	4
Customer Service & Support	2
Trading Experience	3
Trustworthiness	1
User Experience	2

Detailed Breakdown of Ratings

• Account Conditions (3/10): The lack of transparency regarding minimum deposits and withdrawal processes raises concerns. Users have reported difficulties in accessing their funds, which significantly detracts from the overall account experience.

• Tools and Resources (4/10): While the MT5 platform is a robust tool for experienced traders, the absence of educational resources or market analysis limits its effectiveness for beginners.

• Customer Service & Support (2/10): User feedback indicates that customer support is often unresponsive, leading to frustration when seeking assistance or attempting to resolve issues.

• Trading Experience (3/10): Many users report execution delays and issues with trade confirmations, which negatively impact the trading experience.

• Trustworthiness (1/10): The lack of regulation and numerous negative reviews point to a high level of risk associated with trading through Evergreen Forex.

• User Experience (2/10): Overall, user experiences are predominantly negative, with reports of withdrawal issues and unresponsive customer service dominating the feedback landscape.

In conclusion, the Evergreen Forex review reveals a broker with significant red flags. The absence of regulation, coupled with numerous user complaints regarding withdrawal issues and customer support, suggests that potential traders should exercise extreme caution. Always consider regulated and reputable brokers to ensure a safer trading environment.