Overview of EVERGREEN
Evergreen Prime Capital, founded in 2022 and based in India, offers a range of trading products and services in the forex, crypto, metals, indices, energy, equities, and ETF markets.
The company provides various account types, including Standard, Pro, Micro, and ECN accounts, with leverage of up to 1:500. A demo account is available for users to practice trading strategies.
Evergreen's trading platform is MetaTrader 5, accessible on Android and iOS devices. Deposits and withdrawals can be made using Visa, Neteller, Mastercard, Skrill, PayPal, and wire transfer, with minimum deposit requirements ranging from $100 to $5000.
Customer support is available via email at support@evergreenprimecapital.com. Additionally, Evergreen offers educational resources such as an economic calendar and currency converter to assist traders in making informed decisions.
Regulatory Status
Evergreen Prime Capital operates without regulation, meaning it is not overseen by any financial regulatory body.
This lack of regulation may impact the level of oversight and protection available to clients compared to regulated entities.
Pros and Cons
Pros:
The company offers a variety of financial products, catering to different investment needs and strategies. It provides flexibility with four distinct account types, accommodating traders with varying levels of experience and capital. Additionally, the company offers high leverage up to 1:500, which can significantly increase potential profits. It boasts low commissions starting from $0 and competitive spreads ranging from 0 to 2 pips, making it a cost-effective option for traders.
Cons:
Despite its benefits, the company is unregulated, which might raise concerns about security and compliance. The high minimum deposit starting from $100 could be a barrier for new or small-scale traders. Customer support is limited to email, which may not be sufficient for urgent assistance or complex issues. Furthermore, the company's lack of sufficient experience could impact its reliability and the quality of services provided.
Products & Services
Cryptocurrency: Traders can access the cryptocurrency market through Evergreen Prime Capital, allowing for trading in digital currencies like Bitcoin and Ethereum. This market offers high volatility and potential profit opportunities.
Metals: Trading in precious metals such as gold and silver is available, providing a way to diversify investment portfolios and hedge against inflation and geopolitical risks.
Energy: Trading in energy commodities like oil and natural gas provides opportunities to profit from price movements driven by supply and demand dynamics, geopolitical events, and economic indicators.
Equities: Trading in individual stocks of publicly listed companies is available, offering investors the opportunity to invest in specific companies and sectors.
ETFs: Evergreen Prime Capital provides trading in exchange-traded funds (ETFs), which are investment funds traded on stock exchanges, offering diversification and flexibility in investment options.
Account Types
Evergreen Prime Capital offers four types of trading accounts:
Standard Account: Suitable for new traders, it offers stable spreads, instant execution, and a minimum deposit of $100. Leverage is up to 1:400, and there are no swaps.
Pro Account: Designed for traders seeking zero commissions, tight spreads (starting from 1.5 pips), and instant execution. It requires a minimum deposit of $500, offers leverage up to 1:400, and operates in USD currency.
Micro Account: Similar to the Standard Account but with a minimum deposit of $2500. It also offers stable spreads, instant execution, and no swaps, making it suitable for new traders.
ECN Account: Best-suited for traders looking for raw spreads and instant execution. It requires a minimum deposit of $5000, charges a commission of $5, offers leverage up to 1:500, and operates in USD currency.
How To Open An Account？
To open an account with Evergreen Prime Capital, follow these four simple steps:
1. Register: Choose an account type and complete the fast and secure application form on the Evergreen Prime Capital website.
2. Verify: Utilize the digital onboarding system for quick verification of your identity.
3. Fund: Fund your trading account using a wide range of funding methods offered by Evergreen Prime Capital.
4. Trade: Once your account is funded, start trading on your live account and access over 2,100 instruments across various markets.
Leverage
Referring to the above information, Evergreen Prime Capital offers different leverage levels for each account type. The Standard Account offers leverage of up to 1:400, allowing traders to control larger positions with a relatively small amount of capital.
The Pro Account also offers leverage up to 1:400, providing traders with the same level of leverage but with tighter spreads. The Micro Account offers leverage up to 1:400 as well, attracting new traders with a smaller minimum deposit requirement.
The ECN Account, on the other hand, offers higher leverage of up to 1:500, ideal for traders looking for raw spreads and instant execution.
Commissions & Spreads
Evergreen Prime Capital offers a range of commission structures across its account types. The Standard, Pro, and Micro accounts are all commission-free, meaning there are no additional charges per trade.
However, the ECN Account charges a commission of $5 per lot traded. This commission-based structure is common among ECN accounts and is designed to provide traders with access to raw spreads and fast execution, with the commission being the primary source of revenue for the broker.
The spreads offered by Evergreen Prime Capital vary depending on the account type. The Standard Account offers stable spreads starting from 2 pips, providing a cost-effective option for new traders. The Pro Account offers tighter spreads starting from 1.5 pips, making it suitable for traders looking for lower trading costs.
The Micro Account, like the Standard Account, offers stable spreads starting from 1 pip, attracting traders with smaller trading volumes. The ECN Account, on the other hand, offers raw spreads starting from 0 pips, making it ideal for traders looking for tight spreads and fast execution.
Trading Platform
Evergreen Prime Capital offers the MetaTrader 5 trading platform for both Android and iOS devices. MetaTrader 5 is a powerful and versatile platform that provides traders with access to a wide range of trading instruments, including forex, cryptocurrencies, metals, indices, energy, equities, and ETFs.
The platform offers advanced charting tools, technical analysis indicators, and a customizable interface, allowing traders to analyze markets and execute trades with ease.
Deposit & Withdrawal
Evergreen Prime Capital provides a convenient and secure deposit and withdrawal process for its traders.
The minimum deposit for each account type at Evergreen Prime Capital is as follows: the Standard Account requires a minimum deposit of $100, making it accessible to new traders looking to start investing. The Pro Account has a minimum deposit of $500, offering traders zero commissions and tight spreads.
The Micro Account, ideal for new traders, requires a minimum deposit of $2500. Finally, the ECN Account, suited for traders seeking raw spreads, has a minimum deposit of $5000.
Traders can fund their accounts using a variety of payment methods, including Visa, Mastercard, Neteller, Skrill, PayPal, and bank wire transfer. These methods offer flexibility and convenience, allowing traders to choose the option that best suits their needs.
Deposit & Withdrawal
Evergreen Prime Capital offers customer support via email at support@evergreenprimecapital.com. While the availability of customer support options may be limited compared to other brokers, traders can expect prompt and helpful responses to their inquiries.
Educational Resources
Evergreen Prime Capital provides traders with a variety of educational resources to enhance their trading knowledge and skills. These resources include an economic calendar, which helps traders stay informed about important economic events and their potential impact on the markets.
Additionally, Evergreen Prime Capital offers a currency converter tool, allowing traders to quickly and easily convert between different currencies. These tools can be valuable for traders looking to make informed trading decisions based on fundamental analysis and market trends.
Conclusion
In conclusion, Evergreen Prime Capital offers a range of trading accounts suited to different trading styles, along with a variety of financial products and services. With its user-friendly trading platform, secure deposit and withdrawal process, and customer support options, Evergreen Prime Capital aims to provide a comprehensive trading experience for traders of all levels.
FAQs
Question: What is the minimum deposit required to open an account with Evergreen Prime Capital？
Answer: The minimum deposit varies depending on the account type, ranging from $100 to $5000.
Question: What trading platforms does Evergreen Prime Capital offer？
Answer: Evergreen Prime Capital offers the MetaTrader 5 trading platform for both Android and iOS devices.
Question: Does Evergreen Prime Capital charge commissions on trades？
Answer: Commissions vary depending on the account type, with some accounts offering commission-free trading.
Question: What educational resources does Evergreen Prime Capital provide？
Answer: Evergreen Prime Capital offers tools such as an economic calendar and currency converter to assist traders in making informed decisions.
Question: How can I contact Evergreen Prime Capital's customer support？
Answer: Customer support is available via email at support@evergreenprimecapital.com.
2024-01-19 11:45
2023-08-09 04:24
