|Date of foundation|
Cedar Hill Crest, Villa, VC0100, Kingstown, St. Vincent and the Grenadines
|The owner of the company|
Evolve Markets Ltd.
|Types of support|
Email: [email protected]
Feedback form on the site
Tickets in my personal cabinet
MetaTrader 4 (PC, Web, Mobile), Evolve Webtrader
0.0035% for forex, indices and energy resources, 0.075% for cryptocurrency
Floating from 1:10 to 1:1000
Floating from 0.1 pips
|Free Demo Account|
|Types of accounts|
|Methods of replenishment|
|Number of assets|
|Types of assets|
|Tournaments / contests|
|Contract Difference Commission|
RegistrationUp to 20% from referral commissions
No minimum deposit limits
Withdrawal without commission
Allowed hedging and scalping
No quick support (phone, chat)
Fuzzy trading conditions
Lack of own analytical and training materials
Legal name: Evolve Markets Ltd.
Legal address: Cedar Hill Crest, Villa, VC0100, Kingstown, St. Vincent and the Grenadines
|Date of update|
Evolve Markets is it a scam? Reviews and description
- 1. Terms of trading with Evolve Markets
- 2. Ivolv Markets platform
- 3. Demo account evolve.markets
- 4. Mobile application
- 5. Bonuses at Evolve Markets
- 6. Deposit and withdrawal
- 7. Complaints about Willow Markets
- 8. Broker regulator
- 9. Is Evolve Markets a scam?
- 10. Conclusion
- 11. reviews.
Evolve Markets - is one of the few forex brokersThe following are some of the most important factors in the cryptocurrency (BTC, LTC). Works with MetaTrader 5 platform (a newer version of everyone's favorite terminal) and proprietary terminals.
Little is known about the company and its trading conditions. And it is still difficult to assess how safe and profitable it is to cooperate with. In this review we will try to answer the question: Evolve Markets - is it a scam or still a serious representative of the market? Let's start in order.
Terms of trading with Evolve Markets
Evolve Markets offers forex trading 4 types of assets: currency pairs, cryptocurrencies, indices and energy resources (about 70 in total) - using the STP model. The broker works with virtually all users - only residents of the U.S. and its territories, as well as citizens of countries where trading is illegal, are prohibited from registering. It earns on commissions per lot.
Time zone of trading servers is GMT+2 on summer time and GMT+3 on winter time. In order to open an account you should register and confirm your e-mail address (you will receive a letter with an activation link), name, country of residence and password. There are only two account types: trading and demo. In the first case you invest real funds. There are no minimum deposit restrictions. Available account currency - BTC and LTC. Spreads are floating (from 0.1 pt). Hedging and scalping are allowed. Leverage available from 1:10 to 1:1000 (can be set up in the Accounts & Funds section of the personal cabinet). The upper limit can be reduced depending on the account balance. So, for Forex, the maximum limit is reduced to a mark of 1:500 when the accumulation on the account of 500 000 dollars, up to 1:100 when the accumulation of 5 million and up to 1:50 when accumulation of 10 million.
There are no reference (training) materials. The analytics is available only in MT4 terminals. Support is provided by e-mail, social networks, via a feedback form or by creating tickets in the personal cabinet. Plus there is a knowledge base with answers to the most common questions about the broker and working with it (forex trading training).
Ivolv Markets platform
Evolve Markets has its own platform that works only in the online format (desktop).Key features:
- Viewing quotes and placing orders (all types).
- Line charts, bars, candlesticks (up to 8 in one window).
- 13 timeframes (M1, M5, M15, M30, H1, H2, H3, H1, H6, H12, D1, W1, MN).
- 80+ indicators and trend patterns.
- The Glass of Price.
- Color schemes, scaling, scrolling.
- Offloading data to the cloud.
In addition, the broker actively supports trading on MetaTrader 5 (MT5). Create an account on MT4 is also possible, but for this you will have to try: firstly refuse to work with the newer version, then, going to the page comparing MT4 and MT5 (of course, all arguments of the provider will be in favor of the latter), still confirm your desire to register in the fourth version and in the end of the registration form again choose MetaTrader 4. The reward for your patience will be access to the analytics of the trading terminal, as well as better performance and the absence of bugs.
Since the broker works in the STP format (the quotes are transmitted to the price aggregator, and the trader sees the best Bid and Ask offers), the probability of the so-called "skewing" (correction) of the data remains. In addition, liquidity providers Evolve Markets does not indicate. And in online-services comparing quotes the company is absent. So the question of accuracy remains open. In total the platform supports 50 currency pairs.
Demo account evolve.markets
Whichever terminal you choose (WebTrader - author's, MT4 or MT5), you will be offered a free demo account with 50,000 USD on the balance. Funds are conditional (do not have a cash equivalent), so you can practice and evaluate the platform, without the risk of losing (losing). There is no time limit, but after zeroing the balance, if you want to continue training, you will need to create another demo account (Add Account).
The broker does not have its own mobile application - it works with the versions for narrow-format devices of MetaTrader 4 and 5 terminals. They can be downloaded for free from Google Play Market and App Store. The functionality is the same as on the desktop, but you need Internet access for trading. Authorization by login and password of the account opened on the site evolve.markets.
Bonuses at Evolve Markets
Evolve Markets does not provide bonuses for deposits and other incentives. The only opportunity to earn from cooperation with the company is participation in the affiliate (referral) program. For this purpose you get a unique referral link in your personal cabinet (Affiliates section) which you may place at any legal resource (website, blog, social networking page, forum, chat, etc.). The main thing is not to break the rules of the resource and user rights. From this moment on everyone who clicks on the link on the site evolve.markets and registered in the system is considered your referral. He will be given a 10% discount on trading commissions for six months as a gift, while you will earn 20% from his commissions.
Deposit and withdrawal
As we already mentioned, deposits and withdrawals in Evolve Markets are available only in cryptocurrency: bitcoins and litecoins. Accordingly, your cryptocurrency wallets ("cold", "hot") are used for the purpose of transactions. There are no restrictions on deposits. But for the withdrawal they are set: 0.005 BTC/LTC. Commissions for processing is paid by broker. To make a payment, you need to go to the Accounts & Funds section and scan the QR code (or copy the payment link). Processing, as the provider assures, takes up to 24 hours.
Complaints about Willow Markets
Reviews about Evolve Markets on serious (with moderation of the users themselves and the data coming from them) international sites are very few. But among them there are negative ones. Traders complain about problems with withdrawal and note strange changes in quotes, not typical for the normal market.
If there are any reviews of complaints about forex broker Evolve Markets, we'll be sure to post the information on social media. Sign up so you don't miss anything!
Please keep yourself informed about news and complaints. We copy the most valuable information to social networks, so please sign up!
In the public policies on the website evolve.markets The company of the same name (Evolve Markets Ltd.), registered in St. Vincent and the Grenadines, is listed as the legal entity operating the service. This regulator, unfortunately, does not provide an open list of legal entities whom it has authorized to operate. In addition, most traders and professional market participants do not consider the jurisdiction reliable - due to the lack of strict control over the financial activities of controlled companies. So it is quite difficult to check the veracity of the information published by the broker.
User agreement evolve.markets
The Terms of Service of Evolve Markets is a very short document that defines the legal relationship between the broker and its clients. Thus, it is noted that the company has the right to transfer its rights and obligations to a third party at any time. If the service provider has not fulfilled any of his obligations under the contract, it does not cancel his rights (clause 2.4).
To be eligible to register in the system, you must be of legal age (according to the rules of the country where you reside) and legally capable person (clause 3.1).
You cannot create more than one account per user. Your account may be blocked without notice (clause 4.6) for reasons such as:
Conducting transactions for the purpose of money laundering, terrorist financing and other illegal activities. Use of one account by more than one person and other misuse of the rules. Judicial or law enforcement inquiries. An investigation conducted as part of an audit of your account may result in the cancellation of transactions and even the confiscation of all information stored (clause 4.9).
You must guarantee the accuracy, completeness and relevance of the data provided upon registration and in the process of working with the broker. Use of the platform is carried out at your own risk, without any guarantees from the broker - "as is". The information published on the site also doesn't have to be reliable - the company won't compensate you for losses incurred due to inaccurate publications (clause 7.2).
Is Evolve Markets a scam?
Evolve Markets - is an offshore broker, registered not in the most reliable jurisdiction (Saint Vincent and the Grenadines). It has been operating for several years, but there are almost no reviews on international feedbacks. Not in favor of the service provider are also unclear trading conditions, lack of information about liquidity providers and the user agreement which removes any guarantee for anything.
Not to say that Evolve Markets - is a scam, but we advise you to treat the service with caution and trade (if you decide to cooperate with the company) in small amounts.
Evolve Markets - is freedom of action for the trader: different platforms, no prohibitions on hedging and scalping, minimum deposit restrictions and cryptocurrency deposit/withdrawal fees. Plus, not a bad referral program. Perhaps, not everyone will find it convenient to work only with bitcoins and litecoins, but for an underground operator it seems to be a necessity, because it gets rid of unnecessary monitoring and control.
That's where the pluses end, in our opinion. Evolve Markets has no verification of users, no guarantee of safety of funds and no possibility to contact the company directly (by phone or chat). All this creates risks, because in case of a dispute, the broker may simply disappear and you will not find it in any way: its registration address is the same as the address of another broker (Exness), which suggests pure formalism and the absence of a real office in this location, the registration details are not confirmed, and by e-mail is unlikely to be able to find anyone. Whether it is worth registering at evolve.markets is up to you to decide.
- Evolve Markets broker has been operating for... 26 February 2021 at 15:48