EVFX Review – Is EVFX Scam or a Proper Broker?

EVFX Review

EVFX is a brokerage firm that provides voice as well as electronic access to foreign exchange spots, cryptocurrencies, options, and other financial products. The EVFX broker is very versatile, making it an excellent choice for those looking to liquidate their holdings quickly and easily.

This EVFX review will help you understand the features that make this broker unique, so you can make the best decision for your trading needs.

The EVFX broker is a full-service FX provider that specializes in trading all major or even minor pairs of currency, including precious metals as well as non-deliverable forwards (NDFs). EVFX has been enlarging its offerings and providing more solutions to the Forex market since 2011. In addition, EVFX now offers services to electronic venues, such as exchanges, news sources, and investment firms.

With its established network of voice desks and wide selection of spot and options platforms, EVFX remains a top market liquidity provider. EVFX broker offers a unique and tailor-made solution with a range of trading instruments, platforms, and liquidity providers, that are perfect for traders of all kinds. Let us have a look at the broker’s most prominent features.

Trading instruments

EVFX offers access to the world’s most diverse trading markets, including spot FX, cryptocurrencies precious metals, NDFs, forwards, options, Equity as well as Futures exchanges. The broker provides a wide range of features and tools that make trading easier and more efficient. The software is also impressive, providing advanced features and functionality.

One of the things that makes EVFX a great choice for trading is that it has a reliable and consistent support system. This is something that we feel is important, as it helps ensure that users have a great trading experience.

Leverage offered by the broker

Using leverage or a loan from the broker can allow you to trade more capital than you initially have. However, it should be used carefully as it can let you trade more money than you need. EVFX is able to provide leverage of 1:30. However, professional trader status may entitle you to higher leverage levels.

If you have an account with higher leverage, you may be able to get a higher return on your investment. However, if you have an account with lower leverage, you may not be able to get as much return on your investment.

Variety of accounts

There are many account types that offer investment opportunities for professional, retail, and institutional traders. Even though all clients can find appropriate conditions with the right services or technology, some account types are better suited for certain types of traders.

Therefore depending on the portfolio of investors, a variety of account types are available as well as the instruments they may choose to trade. Additionally, the platform choices available can influence how these account types are executed.  All the account types have their own set of options and settings to make sure you are getting the best possible investment results.

Trading fee

EVFX trading charges are figured by the expertise of the trader, the volume of trading, and the trading method as well as the ECN or NDD execution model. This ensures that the trader’s costs are competitively priced.

Spreads

EVFX offers a tight spread that is built into the cost of the underlying asset, as well as the commission applicable. The broker spreads its costs evenly across all trading instruments, so you can always rely on a tight spread to get the best possible prices. The average spread in the EUR/USD pairing is around 0.1 pip.

In order to trade effectively in a certain market, you will need to make a choice between a variable or fixed spread. For example, if you want to trade in the stock market, you may choose a fixed spread, which means that you will pay a fixed amount of money for each trade you make.

If you want to trade in the cryptocurrency market, you may choose a variable spread, which means that you will pay a different amount of money for each trade you make.

Conclusion

EVFX offers a variety of services that can help you get the most out of your investments and is the perfect place to get started in trading.