Evotrade-Overview of Minimum Deposit, Spreads & Leverage

GENERAL INFORMATION AND REGULATION

Evotrade is a brokerage enterprise specializing in the financial markets and binary options. Trades in financial instruments such as cryptocurrencies and futures can be made on Evotrades trading platform.

Evotrade entered market for the first time in 2010. Till this day, thousands of traders have become clients of the company and trade on world markets every day.

When trading with Evotrade, you can rest assured that you will receive high-quality customer and technical support at any time of the day, because the company's employees are experienced specialists.

Evotrade brokerage company is officially registered and regulated by the FMRRC (Financial Market Relations Regulation Center). The FMRRC is a nonprofit organization that monitors the quality of services provided by brokers and dealers on all financial markets, including the cryptocurrency market.

Evotrade complies with FMRRC demands to provide high-quality services to the customers, since it has successfully passed the Center's audit and received the certificate of conformity.

Evotrade is an unregulated broker, even though it claims to be licensed by FMRRC, But There is no such regulatory body like the FMRRC.

MARKET INSTRUMENT

You can choose any of the more than 700 assets available on Evotrade's website to participate in stock trading. Choose schemes with good liquidity and high price dynamics to maximise your profits.

Evotrade provides beginner brokers with access to a vast amount of training materials, as well as a personal account manager to help them make their first steps in trading.

Those includes, Forex, Precious Metals, Energy Carriers, Cryptocurrencies, Stocks

ACCOUNT AND LEVERAGE

There are four different account types available on Evotrade. These are:

Micro account – this account comes with a minimum spread of 0.6 and only requires a deposit of $250 to open. The Micro status comes with the following benefits: one training webinar per week, access to 700+ assets, and a bonus of up to 30%.

Bronze account – this account comes with a minimum spread of 0.6 and only requires a deposit of $1000 to open. The Bronze status comes with the following benefits: one training webinar per week, access to 700+ assets, a bonus of up to 30%, one monthly free withdrawal, and access to forex signals.

Silver account – this account comes with a minimum spread of 0.6 and only requires a deposit of $5000 to open. The Silver status comes with the following benefits: two training webinars per week, a bonus of up to 50%, one monthly free withdrawal, access to forex signals, daily market review with an analyst, and access to signals provided by TRADING CENTRAL + Market buzz for the first month.

Gold account – this account comes with a minimum spread of 0.6 and only requires a deposit of $10 000 to open. The Gold status comes with the following benefits: three training webinars per week, a bonus of up to 80%, unlimited free withdrawal, access to forex signals, daily market review with an analyst, and unlimited access to signals provided by TRADING CENTRAL + Market buzz.

Platinum account – this account comes with a minimum spread of 0.6 and only requires a deposit of $25 000 to open. The Platinum status comes with the following benefits: access to 700+ assets plus access to IPOs, three training webinars per week, a bonus of up to 80%, unlimited free withdrawal within 24h, access to forex signals, daily market review with an analyst, unlimited access to signals provided by TRADING CENTRAL + Market buzz, and up to 50% of deferred bonus.

Diamond-VIP account – $250,000 is required to open this account. The Diamond-VIP status comes with the following benefits: access to 700+ assets plus access to IPOs, private webinars, a bonus of up to 100%, unlimited free withdrawal within 5 hours, access to forex signals, daily market review with an analyst, unlimited access to signals provided by TRADING CENTRAL + Market buzz, and up to 50% of deferred bonus.

DEMO ACCOUNT

Evotrade provides its traders with access to practice accounts. A demo account is a great way for new traders to get a feel for the brokers features and trading circumstances, as well as a risk-free opportunity to practice and test new trading methods. Simply clicking the sign-up button in the top-right corner of a website prompts a trader to pick a demo or actual account, and the process is complete. The trader completes the process by entering the necessary data, checking the appropriate boxes, and then clicking the “start trading” button. A fictitious $100,000 is pre-deposited into each demo account. A refill can be obtained at any time.

One more thing about Evotrades trading conditions – the leverage it provides, 1:200, is too much – regulators around the globe have banned such amounts, as they are too risky for retail traders. This means that most brokers that offer them are unlicensed.

TRADE SIZE

They have a minimum lot size required 0.01 and maximum trade size of 1000 lots.

TRADING PLATFORM AVAILABLE

When trading with Evotrade, you will always use the globally recognized MetaTrader 5 trading platform, which has provided the best tools for analyzing and trading in the financial markets for over 20 years.

Web trading – no downloads or installs are required to use the web trading platform offered by Evotrade. The online trader may be used on any PC or mobile device with a supported web browser. Four alternative chart layouts are available to the online trader. New and unskilled traders alike will be able to use the platforms basic and intuitive design.

DEPOSIT AND WITHDRAWAL

Check the list of available funding and withdrawal methods for your Evotrade account. They offer top-up options not only via bank transfer or credit card, but also through other e-payment systems.

Debit Cards, Credit Cards, Bank Wire, Payeer, WebMoney, QIWI, Other E-Wallets.

To withdraw funds, traders need to verify their accounts. Proof of residency, proof of identification, and a photo of a credit card are acceptable forms of verification (partially covered). Within three business days, the verification procedure is complete, and withdrawals can be made.

Bank wire, credit card, or e-wallet withdrawals are all options for traders. There are no minimum limitations for bank account withdrawals, although there are for e-Wallets. There is a 24-hour processing window for withdrawal requests, although the time frame varies based on the method traders employ to withdraw funds.

CUSTOMER SERVICE

Evotrade provides three ways through which their customer support team can be Contacted, either through Live Chat, email and or phone number.