| Forex broker | |
|---|---|
| Official website | |
| Date of foundation | 2010 |
| Head Office | Gateway 8, Rue de la Perle, Providence, Mahe, Seychelles |
| The owner of the company | TechWare Limited |
| Types of support | |
| Support by phone | +7 (495) 045-18-49Moscow +44 (204) 577-24-89London |
| Languages | English, German, Polish, Arabic, Russian, Italian |
| Terminals | MetaTrader 5 (PC, Web, Mobile) |
| Min. first deposit | From 10 USD |
| Broker fee | No |
| Lot volume | From 0.01 |
| Leverage | Until 1:200Depends on the selected asset |
| Spreads | From 0.03 pips |
| Free Demo Account | No |
| Adjustable | Yes |
| Regulators | . |
| Licenses | Licensed TSRF RU0395 AA V0172 (Active) |
| Types of accounts | Standard |
| Margin call / Stop out | 100%/30% |
| Transaction volume | From 0.01 lot |
| Execution of orders | Market Execution (at market price) |
| Methods of replenishment | Bank card (Visa/MC), Wire transfer, JuMoneu, Qiwi, Webmoney, Perfect Money, Bitcoin |
| Withdrawal methods | Bank card (Visa/MC), Wire transfer, JuMoneu, Qiwi, Webmoney, Perfect Money, Bitcoin |
| Number of assets | 1000+ |
| Types of assets | ForexOver 40 available currency pairs CryptocurrencyXBT, ETH, LTC, BCH, XRP Precious metalsGold and silver Energy CarriersOil and petroleum products |
| Account currencies | USD |
| Mobile Trading | No mobile apps available |
| Weekend trading | Available 24/7 |
| Tournaments / contests | No |
| Trader training | Glossary, demo account, training videos, e-books, webinars |
| Contract Difference Commission | No |
| Swaps | No |
| PAMM trading | No |
| Analytics | Trading strategies, technical analysis, economic calendar, trading tips |
| Margin Trading | Yes |
| Affiliate Program | No |
| Benefits | Advantageous trading conditions 24/7 operation and up-to-date technical support Demo account and mobile applications Affiliate program and bonuses for newbies Popular trading pairs and other assets The official license of the CRTFM |
| Company requisites | Legal name: TechWare Limited Legal address: Gateway 8, Rue de la Perle, Providence, Mahe, Seychelles |
| Date of update | 29.01.2023 |
| Overall assessment | 0/10 |
Evotrade is this a scam? Reviews and description
Page content
The company Evotrade - is a certified financial intermediary operating in the investment sphere since 2010. Each client of the company gets full access to the platform and market opportunities. Evotrade also offers free training and information base for profitable forex trading.
I forex broker almost fourteen thousand client accounts, and the total turnover on the platform exceeds 14 million dollars. The official representative offices of the company work in the Russian regions and in Great Britain. Geography stretches to the countries of Europe, the CIS and Asia. In this review we will find out if forex broker Evotrade is a scam?
Terms of trading with Evotrade
The company was able to form long-term partnerships on mutually beneficial terms with traders. Thanks to this stable service is provided and effective solutions for institutional and retail execution are implemented.
From the moment Evotrade appeared on the brokerage services market, the company quickly gained the attention of traders, expanding its client base, including using options for trading (read Evotrade binary options broker review). By choosing this broker, the user receives support around the clock. The support team answers questions at any time. The team strives to create a working atmosphere for efficient, safe trading.
The broker calls its main principles - to focus on traders' needs, maintain quality feedback and uninterrupted operation of the platform. The openness and transparency of the company demonstrates compliance with international business rules and regulations. All users who choose Evotrade as their broker for Forex Trading, conclude deals on such terms:
- Trading assets - currency pairs, raw materials, cryptocurrency, gold.
- Deposit must be a minimum of 250 USD.
- The available leverage is 1:200.
- Spread - 0.03.
Evotrade provides training for beginners. New clients can create a demo account. The broker holds webinars, invites traders to master classes, publishes market reviews from experts. Trading signals are available on the portal. MetaTrader 5 is used as the terminal. There are mobile applications - MT5 for Android and iOS. Web site evotrade-fx2.com and the trading platform are available around the clock. All assets are placed in the functional MT5 terminal. Transfers to the balance are made instantly and no commission is charged.
Platform evotrade-fx2.com
After registering on the site, clients receive a personal account and access to the platform. The terminal has a panel with technical analysis indicators, with a comprehensive monitoring mode. It is possible to trade by choosing a convenient version of the terminal:
- For PC - the terminal is downloaded to the device, you can trade only from one computer.
- For the browser - access on the site, through the browser, and you can enter the personal account from any PC.
- For smartphones - a mobile application. Installed on the gadget, it allows you to trade anywhere, whenever it's convenient.
All technical ways to access the platform are posted on the broker's website evotrade-fx2.com. There you can download the software for your desktop or mobile device.
Evotrade broker quotes
Like many companies, Evotrade does not disclose its sources of information about quote providers and liquidity. This is due to the fact that traders are given different information resources, which allows them to get the most up-to-date and profitable data. Depending on the types of assets and accounts, the figures may vary. Therefore, disclosure of quotes will not be correct or will confuse the user because of rapid changes.
Evotrade-ru.com demo account
When registering with Evotrade you can open demo account. The demo will become a working area for him where he can practice, try new strategies. A demo account is one way to learn forex trading from scratch. It allows you to study the platform, try new strategies or practice tactics. A demo account looks like a real market picture, but allows you to make risk-free trades. On the trial access the client trades the same way as on the real account, only without the risk of equity loss (Forex Trading Training).
Mobile application
One of the advantages of working with Evotrade is the mobile application. Traders can trade on their smartphone from anywhere in the world. MT5 is an innovative trading platform that combines high security and reliability. It provides a wide range of tools for effective technical analysis of the market. The mobile version of MetaTrader is available for smartphones on Android and iOS. It can be downloaded directly from the broker's website.
Bonuses at Evotrade
Often traders give preference to intermediaries who can offer welcome bonuses.
Welcome Bonus
For beginners, traders are offered a bonus, the amount of which depends on the size of the investment. On the site evotrade-fx2.com There is a handy calculator to calculate the bonus.
Deposit Bonus
The online broker offers traders to get a bonus of up to 150% of the deposited amount.
Affiliate Program
Traders can receive additional rewards for attracting new users.
Deposit and withdrawal
To credit the money the company offers to use:
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- Debit and credit cards Visa, Mastercard, Maestro.
- Direct bank transfer.
- Payment Systems YuMoney, Qiwi, Perfect Money, Webmoney.
Evotrade promises that all deposits are credited instantly, without commissions. To withdraw money from the account, it is necessary to choose the method used for deposit. It should be noted that the user loses 3.5% of the transaction amount on commissions when withdrawing to the card. The main condition for the withdrawal of money is the identity verification procedure. The company says that the identification ensures the safety of the account, preventing the withdrawal of money by third parties. The minimum amount for withdrawal is $10 or the equivalent in another currency. If the client uses a direct bank transfer, the minimum rises to $250.
Complaints against Evotrade
Evotrade has been working on the financial market for 11 years. The company is represented in Russia, CIS countries and Europe. The broker has gathered a large audience of loyal traders. The company maintains its reputation, reacts to the market needs. Offers favorable trading conditions, provides timely technical support.
However, there are many negative reviews about Evotrade on the Internet. There are comments stating that it is a fraudulent company. Having analyzed such reviews, it is possible to notice that everywhere there is a loss of money almost from the first transaction. It often happens when frustrated inexperienced traders trash the broker because of their own mistakes. Forex trading is always associated with risks and the company openly warns about it.
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Broker regulator
Evotrade broker is owned by TechWare Limited. The legal entity is registered in the Seychelles. The registration number in the Seychelles is 223879. In Russia, the company has an official representative office and actual headquarters. TechWare Limited has received a certificate of compliance from ., under CRF number RU0395 AA V0172.
User Agreement evotrade-fx2.com
Before trading with Evotrade, it is advisable to read the user agreement. It is publicly available on the broker's official website. It spells out all the definitions, rules, responsibilities of the broker and the trader to each other. Curiously, there are two versions of the agreement on the website - in English and Russian. Nearby it is stated that the English-language document is the defining one. We did not notice any critical differences between the documents.
In addition, the language clause of the document states that the company will communicate with clients in English. Therefore, if the trader has problems, he writes to the support service, the staff has the right not to speak to him in Russian. Also, the agreement says that the client can only be a person over 18 years old. The account must be managed personally, transfer to a third party is forbidden.
The list of banned jurisdictions includes Crimea. Therefore, clients from this region are better off looking for another broker. The Russian version of the agreement is full of clauses giving many interpretations. For example, there is a disclaimer in the regulation section. If you want, it can be perceived as the right not to execute the agreement. Also, the broker reserves the "right not to accept orders". That is, it may not open or close a position on a client's order.
Evotrade is a Scam?
Financial company Evotrade has been working on the Forex market since 2010 and is licensed by the Russian Federal Service for Financial Markets. Having studied the sites with traders' reviews, we have not found any good reason to doubt the broker's reputation. We believe that Evotrade is not a scam. But we do not recommend blindly trust this broker. The company has written a suspicious agreement that is essentially null and void. There are suspicions that the broker "draws" quotes in his favor.
But the company openly warns about possible risks, which distinguishes it from many competitors. The platform has great functionality, which attracts beginners and "average" traders. Therefore, it is possible to use Evotrade's services, but it is necessary to carefully monitor the deposit, quotes and updates in the agreement.
Conclusion
Over a long period of existence Evotrade has cemented its reputation as an open and faithful intermediary. The company offers safe trading with reasonable conditions. The choice of available assets and the functionality of the platform cement the broker's status as a worthy partner.
Reviews
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Rate your review 000I am satisfied with the broker, but they have some work to do
Showed great financial results here in the fall, primarily due to the growth of the bitcoin.
I can recommend it, but the mobile app sometimes glitches.
Otherwise, all according to the review — a strong intermediary.Positive- Fast withdrawal of funds, a wide arsenal for work
Minuses- Sometimes the mobile platform slows down
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Rate your review 000It's not everything I need, the platform...
It’s not everything I need, the platform is not very personal, but it’s nice that you can withdraw small amounts of money.
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Rate your review 0+10Evotrade suits me fine. I don't grab...
Evotrade suits me fine. I don’t grab the stars from the sky there, but I get something out on a regular basis.
It’s a good increase in my salary. -
Rate your review 0-20Evotrade at the beginning promises universal support...
Evotrade at the beginning promises universal support and helps to earn, and not bad at that. Then, when you try to withdraw $300, you start dancing with tambourines. In the end, the «skillful» actions of a specialist, who is assigned to you, and the unrealistic trading of fictitious assets (itself goes… Read more
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Rate your review 0+40I have searched so many different brokers...
I have searched so many different broker sites, but I have never seen a more convenient and user-friendly interface than the one at Evotrade.
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Rate your review 0+20I moved from Crimea to be able to...
I moved from Crimea to be able to work here.
The site is very promising.
I see that the reviews aren’t bad either, I’ll join you. -
Rate your review 000On the advice of my personal manager...
On the advice of my personal manager I switched to trading currency pairs, using two indicators.
The broker is good, it is possible to work. -
Rate your review 1+20Yes, you can work in peace here
Yes, you can work in peace here.
Although, of course, no one guarantees a profit if you do not devote enough time and attention to forex. -
Rate your review 1+30I'll put my rating after the review
I’ll put my rating after the review.
Gives to earn and withdraw. In addition, an excellent training program, user-friendly interface. I recommend it to everyone.
Unlike other brokers — normal. -
Rate your review 1+10Thanks for the review, just turned my...
Thanks for the review, just turned my attention to Evotrade yesterday.
People advised me to try the site one day.
I have a positive impression of the site.
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