Evest

General Information & Regulation

Evest, a trading name of Atriafinancial Holdings LTD, is allegedly a forex and CFD broker registered in the United Kingdom that claims to provide its clients with 1,000+ tradable financial instruments with floating spreads from 1.8 pips on the Mobile, Web Trader, MT5 and trading APP trading platforms, as well as a choice of four different live account types. Here is the home page of this brokers official site:

As for regulation, it has been verified that Evest has an offshore-regulated Vanuatu Financial Services Commission (VFSC) license. That is why its regulatory status on WikiFX is listed as “Offshore Regulatory” and receives a relatively low score of 4.20/10. Please be aware of the risk.

Market Instruments

Evest advertises that it offers 1,000+ financial instruments to trade, which include currency pairs, commodities, stocks, indices and cryptocurrencies, as well as CFD trading.

Account Types

Evest claims to offer four types of live trading accounts, namely Silver, Gold, Platinum and Diamond. The minimum initial deposit amount is $250 for the Silver account, while the other three account types have much higher minimum initial capital requirements of $5,000, $20,000 and $50,000 respectively. The broker also offers demo accounts with a free balance of $25,000 and Islamic accounts.

Spreads & Commissions

All spreads with Evest are a floating type and scaled with the accounts offered. Specifically, the spread starts from 3 pips on the Silver account, 2.2 pips on the Gold account, 1.8 pips on the Platinum account and is customized on the Diamond account. There is a 0% commission on stock trading.

Trading Platform Available

Platforms available for trading at Evest are Mobile trading, Web Trader, MetaTrader5 and Trading APP. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

From the logos shown at the foot of the home page on Evests official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Wire Transfer, American Express, credit/debit cards like Visa, MasterCard and Maestro, Visa Electron, Skrill and Neteller.

The minimum initial amount is said to be $25 while opening an account requires a minimum deposit amount of $250. There is no deposit fee charged while the withdrawal fee is $5 (min withdrawal amount $25).

Withdrawal requests take up to 7 business days to process. The time taken to receive your payment may vary depending on the payment provider involved. Usually, the amounts will appear in your account within 14 business days.

Fees

Apart from the withdrawal fee, Evest also charges some other fees. For example, a 2% conversion fee and a $75 inactivity fee after the end of the second month. The inactivity fee will be lowered starting from the end of the 3rd month to $50. Open positions will be closed to cover the inactivity fees.

Customer Support

Evests customer support can be reached by telephone: UAE - Toll-Free: +971-800-012-0048, Saudi Arabia - Toll-Free: +966-800-814-0106, Cyprus: +357-2222-2779, email: support@mena.evest.com. Company address: Atria financial LTD, S.I.P. Building, P.O. Box 3010 Rue Pasteur, Port Vila Vanuatu.

Pros & Cons

Risk Warning

The Vanuatu VFSC regulation with license number: 17910 is an offshore regulation. Please be aware of the risk!

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.