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evest Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-06-13 17:18

Abstract：　　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.

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

Pros	Cons
Regulated by FSCA	Offshore regulated by VFSC
Various trading markets	Conversion fee of 2%
Offers four account types and demo accounts	Withdrawals incur a $5 fee with a $25 minimum
	Inactivity fee of $75
	No MT4/MT5
	High minimum deposit

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 2.3 pips	From 1.7 pips	From 1.2 pips	From 0.9 pips
USD/CHF	From 2 pips			From 0.9 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.