Search

Evest Forex Broker provides real users with 2 positive reviews, * neutral reviews and 7 exposure review!

Evest Broker Review

5.49

WikiFX monitor

Software Index

Full License

Risk Control

Risk Manage

Evest Review 9

Latest All(9) Positive(2) Exposure(7)
Exposure
Please be aware of this platform as they are all scams.

Evest platform

FX1806101635
03-17
Exposure

Scammers and the biggest professionals in a professional way, and in the end, you lose all your trades and your money goes away from you. Please be careful of them, it is forbidden to deposit your money with them.

FX1806101635
03-15
Exposure
Kuwait Al-Salmiya

I followed all the instructions of the account manager. He always encouraged me to deposit more money. He refused to let me withdraw my funds and would say to me, "We want to take advantage of market movements." I would tell him to close the trades so that the market wouldn't go down, but he would say to me, "Don't worry, if there's anything, I'll talk to you." But in the end, I lost all my money. And of course, the account manager withdrew once he was sure that I had lost the money. I tried to contact him, but another manager contacted me and informed me that they wanted to compensate for the loss and to do so, I should deposit more money. All of this, of course, happened for one purpose, which is for them to steal the money, but in a professional way. I advise everyone to be careful with your money, do not invest with them, not even a penny. A professional method of theft, in every sense of the word.

FX1404407263
01-22
Exposure

Worst company one can encounter, led by Ali Hassan and Rola, the fraudulent Amal Diab from the portfolio management department. What kind of portfolio management is this? My portfolio hasn't reached the number where I lose, but they didn't want to continue with me. They said, "Let's lose all the money." And Ahmed, the account manager, may God not bless him, and he will be accountable until the day they are resurrected. And Omar and Sami, the liars, all of them are a Zionist group. They truly do not know the religion. The problem is that I couldn't upload more pictures of the conversations, and they kept telling me to sell my car, sell my gold so that I can get my money back. Sell your kidney. May God not forgive them, O Lord, in this world and the hereafter.

FX2616368736
01-19
Exposure
The Kingdom of Saudi Arabia

Of course, they are scammers and thieves. I lost a very large amount of money with them because their entire operation is fraud and deception. Everyone should be warned about them on all websites. May God not grant them success. This is my mobile number 0507853008 for anyone who wants to inquire about them. They are all criminals, fraudsters, and professionals in the art of scamming.

FX2986749342
01-03
Exposure
Luxury Fraud

All options are available day and night, and besides that, the account has been supported until I said amen.

FX2616368736
2024-12-02
Positive
Trusted Broker, Tight Regulation: A Trading Haven

Good broker, well regulated! Love trading there

Loisbilab
2023-12-19
Exposure
Saudi Arabia

I lost all my money even though I followed the same system that the account manager taught me

FX2440181466
2023-02-02

  

Evest 2025 Review: Everything You Need to Know

  Evest has emerged as a popular choice among traders due to its diverse asset offerings and user-friendly features. However, it faces scrutiny regarding its regulatory status and customer service experiences. This review synthesizes various sources to provide a comprehensive overview of Evests strengths and weaknesses.

  Note: It is crucial to recognize that Evest operates under different entities across various regions, which may impact regulatory oversight and user experiences. This review aims for fairness and accuracy by incorporating a range of perspectives.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service Support 4
Trading Experience 5
Trustworthiness 3
User Experience 5
Additional Features 6

  How We Rate Brokers: Our ratings are based on a combination of user reviews, expert opinions, and factual data regarding the brokers offerings.

  

Broker Overview

  Founded in 2021, Evest is a forex and CFD broker operating primarily in the MENA region and regulated by the Vanuatu Financial Services Commission (VFSC) and the Financial Sector Conduct Authority (FSCA) in South Africa. The platform supports trading through MetaTrader 5 (MT5) and its proprietary web platform, providing access to over 550 financial instruments, including forex, stocks, indices, and cryptocurrencies.

  

Detailed Breakdown

  

Regulatory Regions

  Evest is primarily regulated by the VFSC and FSCA. However, it does not hold licenses from top-tier regulators such as the FCA (UK) or ASIC (Australia), raising concerns about its reliability. This lack of stringent oversight is a potential red flag for traders.

  

Deposit/Withdrawal Currencies

  Evest supports various payment methods, including credit/debit cards, wire transfers, Skrill, and Neteller. The minimum deposit requirement is $250, which is relatively standard for the industry.

  

Bonuses/Promotions

  Evest offers zero-commission trading on stocks and provides access to its trading academy, which is beneficial for new traders. However, it imposes significant inactivity fees, which can deter less active traders.

  

Tradable Asset Classes

  Evest provides a wide range of instruments, including:

  • Forex: Major, minor, and exotic currency pairs.
  • Stocks: Access to over 300 popular stocks with zero commission.
  • Indices: CFDs on major stock indices.
  • Cryptocurrencies: Various crypto CFDs are available for trading.

  

Costs (Spreads, Fees, Commissions)

  Evest charges variable spreads, with average spreads around 3 pips for major currency pairs, which is considered high compared to other brokers. Additionally, it imposes a $5 withdrawal fee and a 2% conversion fee. Inactivity fees of $75 after two months of inactivity, reducing to $50 after three months, are also notable.

  

Leverage

  Evest offers leverage up to 1:400, which can amplify both potential profits and losses. Such high leverage is attractive but also poses significant risks, especially for inexperienced traders.

  

Allowed Trading Platforms

  Traders can access Evest through the MT5 platform and its proprietary web-based platform. While MT5 is well-regarded for its advanced features, some users have noted that Evests proprietary platform lacks robustness and functionality.

  

Restricted Areas

  Evest does not accept clients from the USA, Canada, or the European Union, limiting its accessibility for many potential traders.

  

Available Customer Support Languages

  Customer support is available in English and Arabic, but user reviews indicate that support response times may be slow, which could be a concern for traders requiring timely assistance.

  

Ratings Revisited

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service Support 4
Trading Experience 5
Trustworthiness 3
User Experience 5

  

Detailed Ratings Breakdown

  Account Conditions (6/10): Evest offers multiple account types, including Silver, Gold, Platinum, and Diamond, with varying spreads and features. However, the minimum deposit of $250 is standard, and higher-tier accounts do not offer significant advantages in terms of trading conditions.

  Tools and Resources (7/10): The platform provides a trading academy that is beneficial for beginners. Users can access educational materials that cover various trading topics, but the effectiveness of these resources can vary.

  Customer Service Support (4/10): Reviews indicate that Evests customer service is lacking, with many users reporting slow response times and difficulties in resolving issues. This is a critical area for improvement.

  Trading Experience (5/10): While Evest offers a range of trading instruments, the average spreads and additional fees can hinder the overall trading experience. The platforms usability has also been questioned by users.

  Trustworthiness (3/10): Evests regulatory status and negative user reviews contribute to a low trust rating. The absence of top-tier regulatory oversight raises concerns about the safety of client funds.

  User Experience (5/10): Overall user experiences are mixed, with some users appreciating the educational resources and trading options, while others express dissatisfaction with customer support and withdrawal processes.

  In conclusion, while Evest offers a variety of trading options and educational resources, potential users should carefully consider the associated risks, particularly regarding regulatory oversight and customer service quality.