Evotrade is an online financial services provider that allows clients to buy and sell various financial assets, such as forex, precious metals, energies, cryptocurrencies, and stocks. They provide traders with the powerful yet easy to use MetaTrader 5 trading platform, which is available in desktop, web, and mobile versions. The minimum deposit required to start trading is $250.
Pros / Cons
- Intuitive MetaTrader 5 platforms
- Multiple financial assets
- Economic calendar & some other helpful trading tools
- Several account options
- Dedicated client support team
- Limited regulation
- No USA clients
- Minimum $250 deposit
In this detailed Evotrade review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Our #1 Broker 2022
Based in Seychelles, Evotrade is an online trading broker that provides traders with competitive trading conditions — multiple account types, low spreads, various payment methods, and more — to ensure an enhanced trading experience. They offer more than 700 trading products via the MT5 trading platform. Their clients are provided with educational resources, useful trading tools, and the services of a knowledgeable client support team.
Evotrade brokerage company is officially registered and regulated by the FMRRC Financial Market Relations Regulation Center (FMRRC) with the company registration number: 223879. The FMRRC is a nonprofit organization that monitors the quality of services provided by brokers and dealers on all financial markets, including the cryptocurrency market.
Evotrade complies with FMRRC demands to provide high-quality services to the customers since it has successfully passed the Center’s audit and received the certificate of conformity.
Evotrade does not accept from certain countries and jurisdictions where their use would be contrary to local laws or regulations. Accordingly, they do not provide services to the United States of America, Israel, Japan, and Canada.
Some Evotrade features and products mentioned within this Evotrade review may not be available to traders from certain countries because of legal restrictions.
Traders are allowed to trade the available financial assets using the popular MT5 trading platform. The platform was developed in 2010 by the Russian software company known as MetaQuotes. It offers real-time charts for analysis of the market dynamics and a wide range of tools that help to understand all trading processes better and improve the success rate of your transactions. The broker makes the MT5 trading platform available as a desktop application for Windows and Mac computers, WebTrader, and a mobile app that is compatible with Android and iOS devices. In addition, the WebTrader can be accessed through all popular web browsers, such as Chrome, Safari, Firefox, and Edge, without downloading any software.
Evotrade Trading Tools
The broker offers standalone trading tools, such as the economic calendar, that show future market events’ schedules and their expected impacts on the financial markets.
There are various learning resources on the broker’s website to help traders make informed trading decisions. Some of these educational resources include trading guides, trading eBooks, video lessons, and a glossary that contains various trading terms and their detailed explanations.
The broker offers the following instruments: forex, precious metals, energies, cryptocurrencies, and stocks.
Evotrade Accounts & Fees
Evotrade offers various live trading account options. The account types and their corresponding minimum deposit requirements are as follows: Micro ($250), Bronze ($1,000), Silver ($5,000), Gold ($10,000), Platinum ($25,000), and Diamond-VIP ($100,000) accounts.
As broker fees can vary and change, there may be additional fees that are not listed in this Evotrade review. It is imperative to ensure that you check and understand all of the latest information before you open an Evotrade broker account for online trading.
The broker provides traders with a knowledgeable client support team who are polite and prompt in response. The support team can be reached via the following contact channels: telephone, email, online form, and Live Chat.
Evotrade Deposit & Withdrawal
Evotrade allows clients to deposit and withdraw funds to and from their trading accounts using bank transfers, E-wallets, and credit/debit cards. While card transactions are instant, bank transfers may take a few days to be processed.
Evotrade Account Opening
To open an account, click on the ‘Open an Account” button at the top right corner of the broker’s website and provide all the requested details.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Launched in 2010, Evotrade is a licensed multi-asset brokerage firm. They provide traders with the MT5 trading platform, educational resources, and some helpful trading tools. In addition, there is a knowledgeable client support team available to assist traders. The minimum deposit required to start trading is $250. The FMRRC regulates the broker.
Foreign Exchange Trading via margin carries is a high-level risk and may result in financial losses and may not be suitable for everyone. People under the age of 18 are not eligible to open any sort of accounts with Evotrade. High degree leverage rates may work against you as well as for you. Before you decide to trade foreign exchange or contracts for difference, also known as CFD’s, you should seriously consider your trading goals, risk, and level of experience. There is a possibility that you could sustain a loss of part or all of your initial trading capital, and you SHOULD NOT deposit money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange and CFD trading.