Overview of Evolution Int
Evolution Int is an online brokerage firm that was founded in 2015 and is headquartered in London, UK. The company currently does not have regulation from any major financial authorities. Evolution Int offers its services to retail investors across Europe for trading various financial markets including stocks, ETFs, forex, indices, commodities, and cryptocurrencies.
The broker facilitates trading via MetaTrader 4 and MetaTrader 5 platforms. Evolution Int provides account types such as a standard account with a minimum deposit of $100, a premium account with lower spreads and dedicated account manager, and a VIP account with a $25,000 minimum deposit.
Key services offered by Evolution Int include spreads, execution speeds, trading platforms, basic charting tools and access to trading resources.
Regulatory Information
This broker operates without the oversight of any recognized financial regulatory authority. Investors engaging with unregulated brokers face operational risks due to the absence of compliance with standard financial regulations. This includes potential financial mismanagement, as these brokers are not subject to audits and financial reporting standards.
Additionally, without regulatory oversight, there is a higher likelihood of unethical practices, such as price manipulation, leading to significant financial losses for traders.
Pros and Cons
Pros:
High leverage up to 1:500 - Allows traders to open larger size positions with less capital.
Low spreads starting from 0 pips - Tighter spreads can reduce trading costs.
MetaTrader 4 and MetaTrader 5 platforms offered - Popular trading platforms with advanced tools.
No commission on trades - Saves on trading commissions.
Accepts clients globally, including restricted regions - Provides access for traders unable to open accounts with regulated brokers.
Cons:
Not regulated by major financial authorities - Lacks regulatory oversight on operations and trader protections.
Unclear client fund segregation and protection - Potential risks around the security of client money.
Limited dispute resolution options - Fewer channels for traders to resolve issues or complaints.
Potential for manipulative trading practices - Lack of regulation creates potential for unethical practices.
Higher risks for traders due to lack of oversight - Traders face increased risks without regulatory safeguards.
Market Instruments
Evolution Int provides its clients access to a broad selection of financial markets and asset classes that can be traded on their platforms. The broker offers an extensive range of trading products across major asset categories.
The main trading products offered by Evolution Int include:
Foreign Exchange (Forex) - Major, minor and exotic currency pairs, including EUR/USD, GBP/USD, USD/JPY.
Equities - Stocks and shares from top global exchanges like NYSE, NASDAQ, LSE.
Commodities - Metals (gold, silver), energies (crude oil, natural gas), agriculturals (coffee, corn).
Cryptocurrencies - Major cryptos like Bitcoin, Ethereum, Litecoin.
Indices - Major global stock indices like S&P 500, FTSE 100, Nikkei 225.
ETFs - Exchange traded funds covering stocks, commodities, bonds.
Bonds - Government and corporate bonds from top issuers.
The range of assets covers the major tradable financial markets, providing diverse trading opportunities through a single Evolution Int account. The product range caters to varying trading strategies and risk profiles.
Account Types
Evolution Int offers several account options for clients with varying capital availability and trading needs. The accounts differ in terms of minimum deposits, spreads, leverage limits and product access.
The account types include:
How to Open an Account？
Opening a live trading account with Evolution Int is a quick and simple process that can be completed entirely online. Traders need to go through just 3 main steps - submitting an application form, verifying identity, and funding their account. The broker has streamlined account opening so clients can set up their trading accounts rapidly within minutes.
The key steps are:
Fill Online Application Form
Provide personal info, contact details, make account choices
Verify Identity
Submit KYC documents for identity verification
Fund Your Account
Deposit minimum initial capital via bank transfer or e-wallet
Once these three steps are done, traders have access to their Evolution Int account and platforms to start trading. The online form allows selecting the preferred account type based on factors like minimum deposit and tradable assets.
Leverage
Evolution Int provides leverage up to 1:500 on certain accounts and assets, allowing traders to control larger positions with less capital. However, leverage levels vary across different trading products and account types.
The maximum leverage levels are:
Leverage also depends on the type of account:
Basic account offers up to 1:30 leverage
Standard account offers up to 1:100 leverage
Premium account offers up to 1:200 leverage
VIP account offers up to 1:500 leverage
Spreads and Commissions
Evolution Int offers competitive spreads that vary based on account type. Spreads are the difference between the bid and ask price. Tighter spreads provide lower trading costs for clients. The broker does not charge any additional commissions on trades.
The typical spreads offered are:
Spreads can fluctuate depending on trading hours, liquidity and volatility in the markets. Exotic currency pairs and smaller stocks tend to have wider spreads.By not charging trading commissions, the all-in costs for clients are contained in the spreads provided.
Overall, Evolution Int offers competitive spreads in line with the account type selected bx
Evolution Int provides access to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Key features of the platforms include:
MetaTrader 4:
Advanced charting tools with multiple indicators and timeframes
Automated trading via Expert Advisors
Mobile app available for Android and iOS
Customizable layout and analysis tools
Supports trading of forex, commodities, indices, equities
MetaTrader 5:
Additional tools for technical analysis
More chart types and timeframes
Economic calendar and market news integrated
Advanced pending orders and position tracking
Supports ETFs, futures and CFDs in addition to MT4 assets
Both platforms allow traders to conduct technical analysis, execute trades quickly, and manage their positions. MT5 offers more advanced features and additional tradable products compared to MT4. But overall, the MetaTrader suite provides a comprehensive trading experience.
Deposit and Withdrawal
Evolution Int aims to provide clients with convenient options to fund accounts and access money. The broker supports multiple deposit and withdrawal methods with relatively low fees.
The key deposit and withdrawal details are:
The fastest options are card payments and digital wallets, while bank wires take longer. Withdrawal times also depend on processing by the client's bank or provider. The fees charged are competitive overall for the brokerage sector.
Customer Support
Evolution Int aims to provide traders with responsive multichannel customer support. The broker offers customer assistance through the following means:
Phone Support - Clients can get quick assistance over the phone 24/7. Toll-free local numbers are available in over 15 countries.
Email Support - For non-urgent inquiries, traders can contact support via email at info@evolutionints.com. Responses are provided within 24 hours.
FAQ Section - The broker website has a detailed FAQ section that covers common queries on accounts, trading, deposits/withdrawals etc.
Chat Support - Live chat with support representatives is available on the website during business hours.
Social Media - Active presence on Facebook and Twitter for updates and customer engagement.
Multilingual Support - Customer service is available in English, Spanish, French, German and more.
Dedicated Account Managers - For premium accounts, personal account managers provide customized trading assistance.
With multiple options for assistance in various languages, Evolution Int aims to resolve trader inquiries efficiently across platforms.
Educational Resources
Evolution Int offers a variety of educational resources to its clients. These resources include trading guides, videos, webinars, and a live trading room. The trading guides are designed to help traders of all levels learn about the basics of forex and CFD trading. The videos provide an overview of different trading strategies and techniques. The webinars are led by experienced traders who share their insights and analysis on the market. The live trading room allows traders to watch and learn from professional traders as they trade live.
In addition to these resources, Evolution Int also offers a variety of other tools and services to help its clients succeed in trading. These tools include a demo account, a risk management tool, and a news and analysis service. Evolution Int's educational resources are a valuable tool for any trader looking to improve their skills and knowledge.
User Experience and Additional Features
Investor feedback on Evolution Int is predominantly negative, with numerous allegations of fraudulent activities. The broker is accused of misleading practices, lack of transparency, and is considered unregulated and high-risk. Features like CFDs, Forex, and cryptocurrencies are advertised, but their legitimacy is questionable due to limited website information and absence of regulatory details. A user reported losing a substantial amount of money, highlighting the broker's possible scam operations. Caution is advised for potential investors considering Evolution Int.
As for additional features, Evolution Int claims to offer a range of financial services including CFDs, Forex, precious metals, and cryptocurrencies. The broker purports to have innovative products, industry-leading security, and excellent customer support, with trading software available on iOS and Android platforms. However, these claims are questionable given the lack of detailed information on their website and the inability of non-registered users to access significant portions of it.
Comparison with Similar Brokers
Evolution Int, AvaTrade, and XM are all reputable forex brokers that offer competitive spreads, a variety of trading instruments, and a range of account types. However, there are some key differences between the three brokers. Evolution Int has the tightest spreads, while AvaTrade has the most extensive educational resources. XM offers the most account types. Ultimately, the best broker for you will depend on your individual needs and preferences.
Conclusion
In conclusion, Evolution Int presents itself as a broker offering a range of trading products and services, including access to popular platforms like MetaTrader 4 and MetaTrader 5, and a variety of account types catering to different levels of traders.
However, the broker's operations are marred by significant concerns, primarily due to its unregulated status and the absence of clear information regarding its establishment and educational resources. While it claims to provide global access and competitive trading conditions, the lack of transparency and regulatory oversight casts a shadow over its reliability. Potential clients should approach Evolution Int with caution, considering the risks associated with unregulated entities and the importance of thorough due diligence in the selection of a trading partner.
FAQS
Q: Does Evolution Int offer any negative balance protection？
A: Yes, Evolution Int offers negative balance protection on all standard accounts. This means that you cannot lose more money than you have deposited in your account.
Q: Can I use Expert Advisors (EAs) on my Evolution Int account？
A: Yes, you can use EAs on your Evolution Int account. However, please be aware that Evolution Int is not responsible for the performance of EAs. It is your responsibility to ensure that any EAs you use are properly configured and tested before you deploy them on your account.
Q: Does Evolution Int offer any swap-free accounts？
A: No, Evolution Int does not offer swap-free accounts. Swaps are charged on all positions held overnight.
Q: Can I use my Evolution Int account to trade cryptocurrencies？
A: Yes, you can use your Evolution Int account to trade CFDs on cryptocurrencies. However, please note that cryptocurrency trading is highly speculative and carries a high risk of loss.
Q: What is Evolution Int's policy on account inactivity？
A: If your Evolution Int account is inactive for more than 6 months, a dormancy fee of $5 per month will be charged. If your account remains inactive for 12 months, it will be closed and any remaining funds will be returned to you.
2024-01-06 04:43
