Abstract:Founded in 2021, EVEST is an offshore broker registered in Vanuatu, operated by a company called ATRIAFINANCIAL LTD. EVEST says that it offers financial instruments like forex pairs, gold & silver, indices, metals and more, but it does not hold any license to authorize its financial activities.
General Information & Regulation
Founded in 2021, EVEST is an offshore broker registered in Vanuatu, operated by a company called ATRIAFINANCIAL LTD. EVEST says that it offers financial instruments like forex pairs, gold & silver, indices, metals and more, but it does not hold any license to authorize its financial activities.
Official Website Unavailable
Since EVESTs official website cannot be accessible at this moment, and we can only grab some useful information on some broker-reviewing website to get a rough idea of this broker.
Market Instruments
Tradable financial instruments available on the EVEST platform include the following:
Forex Pairs
Gold & Silver
Indices & stocks
Metals
Energies
Minimum Deposit
EVEST require the minimum deposit of $250. Although this sounds reasonable for most regular traders, given the fact that EVEST is an unregulated broker, traders are not advised to register real trading accounts here.
Micro Trade Size
The minimum position number allowed by EVEST is 0.01 lots, which sounds quite friendly to beginners.
Leverage
Trading leverage vary depending on particular instruments. The maximum leverage for forex instruments is up to 1:400, gold and silver 1:100, stocks 1:5, indices, metals and energies 1:100.
Spreads & Commissions
EVEST offers fixed spreads, with the spread on the EUR/USD pair is 3 pips, much higher than the industry standard. Most brokers offer the EUR/USD benchmark spread around 1.2 pips.
Trading Platform Available
When it comes to trading platform available, EVEST provides its traders with the leading MT5 platform.
Customer Support
EVEST offers a poor customer support service and they can be only reached through email: cs@evestglobal.com.
Founded in 2014, Olymp Trade has been operating for over a decade, expanding its services and user base considerably, now offering focused trading in fixed-time trades (previously known as binary options in some regions) and Forex. Specifically, Olymp Trade operates two trading modes: fixed-time trades and forex mode. Fixed-time trades refer to trades with predetermined expiration times, where traders predict market movement directions. Payouts typically range from 70-90% of the investment amount. Forex Mode is a more traditional forex trading approach with variable leverage (up to 1:500 for experienced traders). At the same time, it allows for more sophisticated trading strategies with customisable take-profit and stop-loss orders.
Novatech FX Ltd. (“Novatech”), founded in 2019, was registered in St. Vincent and the Grenadines, a jurisdiction known for its minimal regulations and booming unlicensed brokers. NovaTech, which said it was a leading forex and crypto trading platform, claimed to have its own trading software with deep liquidity. Mostly active from 2020 to 2023, they attracted investors by promising monthly returns of 3% to 5%. Accusing them of a $600 million investment fraud, the SEC filed charges on August 12, 2024, against NovaTech FX, Cynthia and Eddy Petion, and several promoters.
Maxxi Markets is a forex broker founded in Comoros that offers traders access to a diverse range of financial instruments. With product offerings spanning commodities, forex, indices, metals, cryptocurrencies, and bonds, the broker caters to a wide spectrum of trading interests. Backed by the Mwali International Services Authority (MISA) under an offshore Retail Forex License (license number T2023425), Maxxi Markets combines innovative technology with varied account options to serve both novice and experienced traders.
Selecting the right forex broker can make the difference between trading success and frustration for most investors, especially retail investors. As retail traders gain unprecedented access to global markets, the choice between platforms like JustForex and JustMarkets becomes increasingly significant. Both brokers offer some shining features within the forex and CFD trading space, but their approaches differ in some areas.