Company Summary
| Evest Review Summary | |
| Founded | 2003 |
| Registered Country/Region | United Kingdom |
| Regulation | FSCA, VFSC (Offshore regulated) |
| Market Instruments | Stocks, currencies, commodities, indices, and cryptocurrencies |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Leverage | Up to 1:400 |
| Spread | From 1.8 pips (Silver account) |
| Trading Platform | Evest Global Markets App |
| Minimum Deposit | $250 |
| Customer Support | Service time: Monday to Friday: from 8:00 am to Midnight; Sunday: From 9:00 am to 6:00 pm |
| UAE: +971-521-733-716 | |
| Saudi Arabia: +966-115-112-675 | |
Evest 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, accessible through their proprietary trading platforms on web, iOS, and Android.
Pros and Cons
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Is 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 offshore regulated by the Vanuatu Financial Services Commission (VFSC) in Vanuatu under license number 17910.
| Regulated Authority | Current Status | Regulated Country | License Type | License No. |
| Financial Sector Conduct Authority (FSCA) | Regulated | South Africa | Retail Forex License | 36060 |
| Vanuatu Financial Services Commission (VFSC) | Offshore Regulated | Vanuatu | Retail Forex License | 17910 |
What 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 Instruments | Supported |
| Currencies | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Evest offers four account types - Silver, Gold, Platinum, and Diamond. They also offer Demo Accounts and Islamic Trading Accounts.
| Account Type | Minimum Deposit | Spread |
| Silver | $250 | From 1.8 pips |
| Gold | $5,000 | From 1.4 pips |
| Platinum | $20,000 | From 0.9 pips |
| Diamond | $50,000 | From 0.5 pips |
Leverage
Evest offers up to 1:400 leverage. Higher leverage can improve profit potential while also increasing risk, therefore appropriate risk management is crucial.
Evest Fees
- Trading-related fees
| Fee Type | Amount |
| Conversion Fee | 2% |
| Deposit Fee | 0 |
| Withdrawal Fee | $5 (minimum withdrawal amount $25) |
| Inactivity Fee | $75 after the end of the second month |
- Trading 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.
| Account Type | Silver | Gold | Platinum | Diamond |
| EUR/USD | From 2 pips | From 1.4 pips | From 0.9 pips | From 0.5 pips |
| EUR/JPY | From 2.3 pips | From 1.7 pips | From 1.2 pips | From 0.7 pips |
| EUR/CHF | From 2.8 pips | From 2.1 pips | From 1.7 pips | From 1.1 pips |
| USD/JPY | From 2.3 pips | From 2 pips | From 1.4 pips | From 1 pip |
| USD/CAD | From 1.7 pips | From 1.2 pips | From 0.9 pips | |
| USD/CHF | From 2 pips | |||
| GBP/USD | From 2.3 pips | From 0.7 pips |
- Cost 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.
| Account Type | Silver | Gold | Platinum | Diamond | ||||
| Long | Short | Long | Short | Long | Short | Long | Short | |
| EUR/USD | -5.8 | -3.7 | -5.2 | -3.1 | -4.6 | -2.5 | -4.1 | -2 |
| EUR/JPY | -4.4 | -5.2 | -3.8 | -4.6 | -3.2 | -4 | -2.7 | -3.4 |
| EUR/CHF | -5.8 | -12.1 | -5.2 | -11.5 | -4.6 | -10.9 | -4 | -10.3 |
| USD/JPY | -3.8 | -6.7 | -2.7 | -5.6 | -2.3 | -5.2 | -1.9 | -4.8 |
| USD/CAD | -4.8 | -4.8 | -4.2 | -4.2 | -3.6 | -3.6 | -3.2 | -3.2 |
| USD/CHF | -4.8 | -13.1 | -4.2 | -12.5 | -3.6 | -11.9 | -3.2 | -11.5 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Evest Global Markets App | ✔ | Web, iOS, Android | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
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.
7653
Oman
This is a fraudulent company! Evest defrauded me and caused me to lose a lot of money. Can anyone help me file a formal complaint against them and get my money back? Also, how can I sue them in court? Any information or guidance would be greatly appreciated. May God bless you.
Exposure
FX2986749342
Saudi Arabia
Scammers and fraudsters, may God deal with them. This is a warning about them. Here is my number for anyone who wants advice about them. Don't let the fraudulent agents persuade you to deposit because be assured your money is gone for good.
Exposure
FX1806101635
Kuwait
Evest platform
Exposure
FX1806101635
Kuwait
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.
Exposure
FX1404407263
Kuwait
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.
Exposure
FX2616368736
United Arab Emirates
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.
Exposure
FX2616368736
United Arab Emirates
All options are available day and night, and besides that, the account has been supported until I said amen.
Exposure
Loisbilab
Hong Kong
Good broker, well regulated! Love trading there
Positive
FX2440181466
Saudi Arabia
I lost all my money even though I followed the same system that the account manager taught me
Exposure
阿光
Argentina
evest is a great platform! As a forex trading platform, first of all, it is safe, which is very important, after all, we must stay away from such fraudulent companies. Secondly, the trading conditions are good, we know that the perfect broker does not exist, and we must find the one that suits us best. Lastly, customer service is great too! They can help you in your native language.
Positive