Evest
Evest Review 2025 – Is It a Safe Forex & CFD Broker?
Thinking of trading with Evest? In this detailed review, we examine Evest’s regulations, account types, spreads, fees, platforms, and more. By the end, you’ll know whether Evest is a suitable broker for your trading needs in 2025.
| Feature | Details |
|---|---|
| Broker Name | Evest |
| Founded | 2018 |
| Headquarters | Limassol, Cyprus |
| Regulations | VFSC (Vanuatu), FSCA (South Africa – Representative License), MISA (Comoros) |
| Minimum Deposit | $250 |
| Account Types | Silver, Gold, Platinum, Diamond, Islamic (Swap-Free) |
| Trading Platforms | Evest WebTrader, MetaTrader 5 |
| Instruments Offered | Forex, Indices, Commodities, Shares, ETFs, Cryptocurrencies |
| Leverage | Up to 1:500 (depending on region & account type) |
Regulation & Safety
Evest operates under multiple regulatory entities, offering moderate safety precautions:
- Regulated by VFSC – License No: 17910
- South Africa FSP Representative License (via local entity)
- Regulated by MISA (Comoros) – International brokerage license
- Segregated client accounts
- Negative balance protection for retail traders
Account Types Offered
| Account Type | Platform(s) | Spreads From | Commission | Minimum Deposit |
|---|---|---|---|---|
| Silver | WebTrader / MT5 | ≈ 2.5 pips | No commission | $250 |
| Gold | WebTrader / MT5 | ≈ 1.8 pips | No commission | $5,000 |
| Platinum | WebTrader / MT5 | ≈ 1.2 pips | No commission | $20,000 |
| Diamond | WebTrader / MT5 | ≈ 0.9 pips | No commission | $50,000 |
| Islamic (Swap-Free) | WebTrader / MT5 | Same as account tier | Admin fees instead of swaps | $250 |
Trading Platforms
- Evest WebTrader – beginner-friendly, simple interface
- MetaTrader 5 (MT5) – advanced charting, EAs support, fast execution
- Mobile apps available for Android & iOS
- Copy Trading features on selected accounts
Instruments You Can Trade
- 40+ Forex pairs
- Global indices, commodities, energies
- Gold, Silver, and other metals
- Stocks from US, EU, and Asian markets
- Cryptocurrencies (availability varies by regulation)
- ETFs & synthetic assets
Spreads, Fees & Commission
- Spreads: Begin at 2.5 pips (Silver) and tighten with higher-tier accounts
- Commissions: No commissions on standard accounts
- Swap Fees: Charged on overnight trades; Islamic accounts avoid swaps
- Deposit/Withdrawal Fees: Most methods free; bank & crypto fees may apply
- Inactivity Fee: Applies after long periods of no trading
Security & Measures
- Client funds kept in segregated accounts
- Advanced encryption on platform and website
- Negative balance protection for retail clients
- Strict KYC & AML compliance
Deposit & Withdrawal Options
| Method | Processing Time | Fees / Notes |
|---|---|---|
| Credit / Debit Card | Instant | Mostly free |
| Bank Transfer | 2–5 business days | Bank fees may apply |
| E-wallets (Skrill, Neteller, etc.) | Instant to 24 hours | Mostly free |
| Cryptocurrencies | Minutes to hours | Blockchain network fees apply |
Customer Support
- 24/5 Live Chat
- Email & ticket support
- Phone support available in several regions
- Arabic, English, and multilingual assistance
Pros & Cons
Pros
- Beginner-friendly WebTrader platform
- No trading commissions
- Offers MT5 with good execution
- Islamic accounts available
- Wide range of tradable assets
Cons
- Not regulated by top-tier regulators (ASIC, FCA, etc.)
- Higher spreads compared to ECN brokers
- Higher minimum deposit ($250)
- Some withdrawal fees
Is Evest Right for You?
Evest is suitable for beginner and intermediate traders looking for a simple trading experience with WebTrader and MT5. While spreads are higher than ECN brokers, there are no commissions, and Islamic traders benefit from swap-free accounts.
If you prefer low spreads or advanced algorithms, ECN brokers may be more suitable.
If you decide to choose Evest:
FAQs About Evest
Is Evest regulated?
Evest is regulated by VFSC, MISA, and holds a representative license under FSCA jurisdictions.
What is the minimum deposit?
The minimum deposit is $250.
Does Evest offer Islamic / swap-free accounts?
Yes, Evest provides Islamic accounts for Muslim traders.
How tight are the spreads?
Spreads start from around 2.5 pips on Silver accounts and reduce with higher-tier accounts.
How long do deposits/withdrawals take?
Card and e-wallet deposits are instant; bank transfers take 2–5 days.
Disclaimers
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Make sure you fully understand the risks involved before trading.
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