EVFX Company reviews

EVFX primarily provides access to spot and options markets, trading virtually all major currency pair groups as well as precious metals.

The company offers actually profitable liquidity due to its partnerships with liquidity providers. Throughout all the time the company has been constantly adding new tools for trading and for more than 10 years it has been offering different solutions for Forex trading.

Advantages and disadvantages of EVFX

The company can be classified as reliable due to good regulation, the company’s internal rules are quite strict, which is a guarantee for the company’s clients in safe trading.  Each type of client will be offered an individual solution and there are several trading platforms to choose from.

Beginners traders will be somewhat disappointed by the fact that the company does not offer any training materials, but players with experience will get all the necessary conditions for profitable trading.

Is this company fraudulent?

Of course not, the company has a British license and offers brokerage services in accordance with the requirements of the regulator and comply with all necessary regulations. Since the company has a British license, it is subject to the rules of the regulator FCA.

And the rules are strict enough such as the company must maintain the necessary stock of its own funds, company employees must undergo the necessary training, customer accounts should always be separated from the company. This is just a small part of strict rules of this regulator. Also all the clients’ accounts are protected in case of bankruptcy or impossibility of payment from the brokerage company due to the company’s membership in the compensation fund. The maximum limit of payment is 50,000 pounds.

Instruments for trading

As stated above, the company offers trading in asphalt currencies, I the market of precious metals, there is an opportunity to earn on options, as well as, various CFD.

The presence of a large number of markets does not yet provide comfortable work, so the company offers a solution for the execution of orders, constantly developing an innovative security program.

As for leverage, here it is significantly limited due to the British regulation and registration. This is due to the fact that many clients who have ever worked on high leverage incurred losses, to avoid this were allocated such rules for companies with British registration.

But, if you can prove that you are a professional trader, the leverage will be increased. All the necessary information will be available when you contact customer service.

Different clients choose different options for opening a trading account as conditions will be different for an entry level client or for a professional one.

Commissions and fees

Trader’s trading costs will differ from client’s trading volume to client’s experience and strategy. Also the difference will be in the trading principle or ECN.

Platforms for trading

EVFX offers flexible and user-friendly trading platforms which are integrated in the back office and all of the trades performed by the clients regardless of which platform they are executed on are linked to one system.

For instance, a client who trades currency pairs can use Currenex, FastMatch, Integral, Fxall, etc.

Conclusion

In conclusion it would be desirable to note that probably any broker which has the British jurisdiction is safe by default, and EVFX Company will not be an exception here, first of all, connects with more rigid requirements unlike the companies having the offshore registration. The company offers a large number of platforms, but, unfortunately, does not present training materials, so it is possible to refer this company as a brokerage firm for clients with average or large level of experience. It is difficult to find information on spreads and commissions, but judging by the reviews of customers it is possible to assume that they are not high.