Evest

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

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.

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.

Account Type

Evest offers four account types - Silver, Gold, Platinum, and Diamond. They also offer Demo Accounts and Islamic Trading Accounts.

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

1. Trading-related fees

1. Trading stocks

Evest offers stock trading with no ticketing, rollover, management, or additional/hidden broker fees, allowing users to trade without these common charges.

1. 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.

1. 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.

Trading Platform

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.