Evolve Markets ReviewCategory: Reviews | Author: Trading Brokers | Date: November 17, 2022
Evolve Markets is a Crypto trading platform delivering secure and convenient access to global markets including Forex, Cryptocurrencies and Stocks. They provide you with the proprietary Evolve Markets platform and the ever-popular MetaTrader 4 and MetaTrader 5 trading platforms for web, desktop and mobile devices. You can create an account in less than a minute and deposit crypto for instant access to leveraged margin trading with competitive trading conditions such as low fees, tight spreads and fast execution speeds.
Pros & Cons
- User-friendly Evolve Markets & MetaTrader platforms
- Multiple asset classes available to trade online
- Quick account opening process
- Bitcoin-based online trading
- Cryptocurrency specialist with crypto settlements
- Accounts in BTC, LTC, ETH or USDT
- No deposit or withdrawal fees
- Low commission, tight spreads and fast market execution
- 24/7 support via email and social media
- Unregulated brokerage
- Crypto funding only
- Limited educational materials
Evolve Markets aim to offer online traders the best of both worlds. With Evolve Markets you get to access the global markets with an institutional trading infrastructure, liquidity and the freedom of Cryptocurrencies. You can deposit and trade Cryptocurrencies, Forex and other CFDs on the user-friendly Evolve Markets, MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. I like how there is a good range of account finding options and easy to use platforms for all trading strategies. Those of you who are looking for higher leverage will be pleased to see leverage up to 1:1000 available. Just go careful when trading with leveraged positions.
Evolve Markets launched in late 2016, founded by a team of early bitcoin adopters and FX brokerage operation veterans. The brokerage takes the traditional brokerage model to the next generation with cryptocurrency for deposit and trade settlement. They consider themselves to be a traditional Forex broker although their primary business is crypto trading and liquidity development with their BTCUSD contract, their largest volume traded asset.
Evolve Markets use straight through processing (STP) and electronic communication network (ECN) execution models for Forex, commodities and index CFDs. The STP model sends all your orders directly to their liquidity providers, without any intervention of a dealing desk. The broker should only benefit from the spread difference ensuring there is no conflict of interest. Trade execution speeds should be fast due to the brokers location in the #1 financial data center in the world, combined with their extensive global infrastructure network.
Evolve Markets Ltd. is incorporated in St. Vincent & the Grenadines as an International Broker Company with the registration number 23498 IBC 2016. As a registered IBC (International Business Company), they must satisfy all regulatory requirements and necessary compliances under IBC jurisdiction worldwide. They do not carry a regulatory brokerage or financial license in any jurisdiction. This allows them to offer higher leverage, a diverse array of trading instruments and cryptocurrency deposit trading accounts. Personally, I would usually prefer to trade with a regulated brokerage firm myself, but I do understand that lack of regulation means you can get access to a wider range of features. In terms of regulation, Swissquote might be worth consideration as they are regulated in multiple jurisdictions.
The broker applies cryptography and advanced encryption across all levels of their organization and all levels of infrastructure; client data and funds are protected in a level above everyone else, and the broker states that they go the extra mile to ensure utmost security and protection with any of their infrastracture.
- 100% Cold Storage: All incoming deposits go directly into cold storage. The broker states that private keys are never exposed to online machines.
- No Automated or API Sending: They constantly monitor systems for signs of suspicious activity and employ a human-in-the-loop procedure for processing withdrawals.
- Two Factor Authentication: Users benefit from additional security that is provided by the second layer authentication.
Evolve Markets does not provide services to residents of any country or jurisdiction where such distribution or use would be contrary to local law or regulation. If your country is not accepted, you may want to look at our broker ratings for another option.
Evolve Markets trading instruments are accessible via the proprietary Evolve Markets platform along with the powerful MetaTrader 4 and MetaTrader 5 trading terminals. You can choose between using the MetaTrader platform on your desktop or mobile device, or simply use the WebTrader which launches directly in your web browser without needing to download or install any software. I like that the web version can be accessed from any device and is always up to date. However, I am constantly using the desktop platform for running automated systems and the trading app to keep track of my positions. It is great that the platforms are versatile, with seamless account integration between devices.
Evolve Markets Platform
Clients can access global markets on the Evolve Markets platform which is available anywhere on every device. You can access the brokers intuitive trading platform via web, desktop and mobile devices for trading whilst on the go.
The Evolve WebTrader is a lightweight and fast online trading platform with an intuitive modern interface and a wide array of tools, indicators and features for a comfortable online trading experience, regardless of your experience level.
The broker also has the popular and powerful MetaTrader 5 (MT5) trading platform. MT5 can run on desktop or directly in most modern web browsers. There is also the MT5 trading app on iOS and Android devices for those of you who wish to access your account and trade whilst on the go. I often find myself checking my apps to see what is happening in the markets.
The excellent MT5 platform features include:
- Real time quotes in market watch window with level 2 depth of market (DOM) pricing
- Fully customisable user interface
- Trading strategy templates
- Multiple chart timeframes
- Multiple order types
- Technical indicators & graphical objects for chart analysis
- Automated trading with expert advisors (EAs)
- MQL programming interface to create custom indicators, scripts & EAs
- Multi-currency strategy tester to back test EAs on historical data
MetaTrader 4 (MT4) is very similar to MT5 with slightly less features and functionality yet it still remains one of the most popular online trading platforms for traders around the globe. It is very user friendly making it a suitable platform for beginner traders whilst having enough functionality to satisfy the more seasoned investors. MT4 is also available via desktop, web and mobile (iOS & Android). You will find that most brokers offer MT4 whereas MT5 is more limited. I think that MT4 should meet the demands of most traders, unless you have more complex trading strategies. I would say MT4 is more of a forex trading platform whereas MT5 is quite popular for trading stocks. Either way, both platforms make it easy to trade online with modern and easy to navigate interfaces.
I think that the abundance of tools already built into the platform should be more than sufficient for conducting thorough market analysis and managing trades. They help to make trading online with the broker an enjoyable experience and can even be extended with thousands of free and paid MetaTrader add-ons available from within the platforms market place. You will find all sorts of indicators, scripts and automated systems from other users. If you are looking for a specific tool to conduct in-depth market analysis such as Autochartist or Trading Central, then you may wish to consider RoboForex as they have a great selection.
Unfortunately, Evolve Markets do not currently offer any educational materials to help beginner traders improve their trading skills or knowledge. This is slightly disappointing as most brokers tend to offer an educational centre to support new traders which includes tutorial videos, trading guides, webinars and more.
In saying that, the broker does have a blog section where they cover a range of topics related to their service. There is a help section on the brokers website that has plenty of answers to some of the most common questions you may have in relation to their services. If you are a beginner and feel like you could benefit from some educational content, CM Trading have plenty for you to peruse.
I thought the broker has a good choice of trading instruments for you to choose from. You can trade Cryptocurrency, Forex, Commodities, Stocks and Indices. You will find everything you would expect such as major currency pairs, precious metals, popular cryptos and stocks of some major companies.
You can trade forex with a generous range of 50 Forex Currency Pairs in the largest and the most liquid global market with over $5 trillion a day in trading volume.
Trade commodities with your opinion including metal and energy commodity markets with high liquidity and low spreads.
You can trade indices with direct and instant access to 10 of the world’s largest stock indices with low spreads and lightning fast execution.
Trade cryptocurrencies such as bitcoin and leading altcoins with high leverage on Evolve Webtrader or MetaTrader.
Trade stocks with some of the world’s leading stock CFDs with Cryptos such as bitcoin and ethereum, with high leverage, narrow spreads and fast execution speeds.
The broker currently offers one account type that has raw spreads from as low as 0.0 pips and a small commission fee from 0.0035% for trading all instruments on the provided platforms. I found the fees to be generally very good when compared with direct competitors such as Coinexx.
Evolve Markets offer leverage up to 1:1000 on FX, 1:500 on Commodities, 1:50 on Cryptos. Other brokers with 1:1000 leverage and crypto trading include FXGiants. Accounts get STP/ECN market execution, 24 hour trading and no FIFO limits. This should mean reliable trade execution speeds with minimal delays.
- MT5 Fees: Cryptos 0.075%, Forex 0.0035%, Commodities 0.0035%, Indices 0.0035%
- MT4 Fees: Cryptos 0.075%, Forex 0.0035%, Commodities 0.0035%, Indices 0.0035%
If you are new to trading online then you may want to start with a demo trading account. You can open a free demo account which comes preloaded with virtual funs so that you can practice your trading strategies and build up your confidence before switching over to a live account. I would always try out a broker on demo to begin with just to make sure they are suitable for my needs.
Opening an account with Evolve Markets is quick and easy. You just need to complete a short application form on the brokers website which should only take you a few minutes at most. Impressively, trading accounts are approved instantly and deposits confirmed in minutes. This means that you can be up and running much quicker than you could with many other brokers. In terms of application speed, I would put them up there with competitors such as KOT4X.
Evolve Markets give you support through email 24/7, and chat support through social media platforms. There are a number of support articles on the brokers website that can get you instant answers to some commonly asked questions. I think it is great that support is available 24/7, especially when you consider that crypto can be traded on the weekend.
You can deposit cryptos for free, quickly and easily into your Evolve Markets account. You can also withdraw your crypto profits anytime, without any fees and whilst keeping your financial privacy intact. There is a minimum withdrawal of 0.005 BTC / LTC. I like that there is anonymity with the funding but the blockchain fee is usually quite high and not it’s not the fastest form of payment. I think it would be better if they could accept some digital wallets as an alternative option to save on time and fees. If you want plenty of deposit and withdrawal options, FXChoice have an excellent variety and also support crypto trading.
|This Broker||AvaTrade||IG||IC Markets|
|Regulated||ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA||ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA||ASIC, CySEC, FSA, SCB|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Bonds|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API||MetaTrader 4, MetaTrader 5, cTrader|
|Funding||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets|
For traders who like to deal in Cryptocurrencies, Evolve Markets would be a popular choice. They provide most of the benefits of a normal trading broker such as access to the MetaTrader platforms and various markets whilst using cryptos as settlement. They also have their own proprietary Evolve Markets trading platform which is user-friendly and runs directly in your web browser. The broker has very competitive trading conditions including low fees, tight spreads, instant market execution and 24/7 support. Furthermore, the platforms are packed with all the features and functionalities you need to start trading online. However, they are not regulated which may deter some traders whilst others may understand this means that they can provide certain features that a regulated broker cannot. Everyone is different so make sure that you do your own due diligence before trading with any brokerage firm.
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