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Evotrade: Review and real traders’ opinions 2024

3.7 / 5

Evotrade is a brokerage enterprise specializing in the financial markets and binary options. Trades in financial instruments such as cryptocurrencies and futures can be made on Evotrade’s trading platform.

General Information

Evotrade was introduced by TechWare Limited in 2010. Since then, there are still thousands of traders that use the company’s services every day.

Evotrade is a Seychelles-based corporation that is monitored and regulated by the Financial Markets Regulatory and Regulatory Commission (FMRRC). The firm is headquartered at Gateway 8, Rue de la Perle, Providence, Mahé, Seychelles, and is licensed under the registration number 000307/19.

The website’s content is provided in six languages: English, Russian, Arabic, Deutsch, Polish, and Italian.

Main pros and cons

If you want to use Evotrade’s services, here are a few things to know about the company.

Fast executions: According to Evotrade, their platform is built to operate at optimum speed, allowing traders to execute orders instantaneously. The platform is supported by a fiber-optic network.

Continuous trader education: On its website, Evotrade provides instructional services to traders. Trading fundamentals, technical and fundamental analysis and an economic calendar are among the topics discussed. Traders can also attend webinars where practical skills are taught.

Impeccable client service: In addition to a live chat option on the website, customers may also contact the support service by email or phone. Additionally, you can order a call-back on their website, so they get in touch with you by phone, all you have to do is to leave your name and contact number. Customers can get assistance in a variety of languages.

Low spreads and lot sizes: Evotrade provides low spreads and large deal sizes for traders. Risk management is much simpler with the usage of 0.01 lot sizes.

Web trading: even if it is simple to use, the web trading platform does not provide adequate analytical capabilities for both fundamental and technical analysis. Because of this, the MT5 trading platform makes up for these shortcomings.

Fines: Evotrade may impose fines on inactive accounts. When an account has been idle for a predetermined amount of time, the website defines it as inactive. It is illegal for a broker to cancel an account if this fee is not levied.

Trading Resources

Five assets are available for trading on Evotrade, including binary options; forex; shares; futures; and crypto; Evotrade has over 180 stocks and 46 different exotic and minor currency pairs. When compared to brokers who provide a smaller selection of assets, this one has a larger asset listing.

Trading Platform

The following platforms are provided by the broker:

Web trading – no downloads or installs are required to use the web trading platform offered by Evotrade. The online trader may be used on any PC or mobile device with a supported web browser. Four alternative chart layouts are available to the online trader. New and unskilled traders alike will be able to use the platform’s basic and intuitive design.

MT5 – Brokers frequently utilize the popular third-party trading software. Three various chart formats, over 60 customizable technical indicators, and enhanced market trend tracking are all provided by Evotrade’s MT5. In addition to Android, IOS, and PC & Mac, the MT5 may be purchased from many online retailers.

Mobile Trading

The MT5 app is used for Evotrade’s mobile trading experience to buy and sell on the go.
As a result, traders who wish to trade on the go will need to download and install the MetaTrader 5 platform. With the MT5 app, traders have access to a wider range of tools that can help them achieve their trading goals. Live quotes, market news, account management, and technical analysis tools are just some of the features of the MT5 app that make trading easy and seamless.

Demo Account

Evotrade provides its traders with access to practice accounts. A demo account is a great way for new traders to get a feel for the broker’s features and trading circumstances, as well as a risk-free opportunity to practice and test new trading methods. Simply clicking the sign-up button in the top-right corner of a website prompts a trader to pick a demo or actual account, and the process is complete. The trader completes the process by entering the necessary data, checking the appropriate boxes, and then clicking the “start trading” button. A fictitious $100,000 is pre-deposited into each demo account. A refill can be obtained at any time.

Account Types

There are four different account types available on Evotrade. These are:

Micro account – this account comes with a minimum spread of 0.6 and only requires a deposit of $250 to open. The Micro status comes with the following benefits: one training webinar per week, access to 700+ assets, and a bonus of up to 30%.

Bronze account – this account comes with a minimum spread of 0.6 and only requires a deposit of $1000 to open. The Bronze status comes with the following benefits: one training webinar per week, access to 700+ assets, a bonus of up to 30%, one monthly free withdrawal, and access to forex signals.

Silver account – this account comes with a minimum spread of 0.6 and only requires a deposit of $5000 to open. The Silver status comes with the following benefits: two training webinars per week, a bonus of up to 50%, one monthly free withdrawal, access to forex signals, daily market review with an analyst, and access to signals provided by TRADING CENTRAL + Market buzz for the first month.

Gold account – this account comes with a minimum spread of 0.6 and only requires a deposit of $10 000 to open. The Gold status comes with the following benefits: three training webinars per week, a bonus of up to 80%, unlimited free withdrawal, access to forex signals, daily market review with an analyst, and unlimited access to signals provided by TRADING CENTRAL + Market buzz.

Platinum account – this account comes with a minimum spread of 0.6 and only requires a deposit of $25 000 to open. The Platinum status comes with the following benefits: access to 700+ assets plus access to IPOs, three training webinars per week, a bonus of up to 80%, unlimited free withdrawal within 24h, access to forex signals, daily market review with an analyst, unlimited access to signals provided by TRADING CENTRAL + Market buzz, and up to 50% of deferred bonus.

Diamond-VIP account – $250,000 is required to open this account. The Diamond-VIP status comes with the following benefits: access to 700+ assets plus access to IPOs, private webinars, a bonus of up to 100%, unlimited free withdrawal within 5 hours, access to forex signals, daily market review with an analyst, unlimited access to signals provided by TRADING CENTRAL + Market buzz, and up to 50% of deferred bonus.

Sign-up 

From any page on the website, traders can open an account with Evotrade. When you click the sign-up button in the upper right corner, a sign-up form will appear. To sign up for an Evotrade account, all you need is your legal name, a valid email address, and a working phone number. A confirmation email with the user’s login information is delivered upon successful completion. In order to access the account, the trader needs this data. Trader level of experience is determined by answering a brief questionnaire upon registration with Evotrade. A notification will be provided if the trading platform is considered inappropriate for the trader’s experience. Open accounts and trading activity are safe.

Deposits can be made through bank transfers, credit or debit cards, and electronic wallets, among other options.

Funds Withdrawal

To withdraw funds, traders need to verify their accounts. Proof of residency, proof of identification, and a photo of a credit card are acceptable forms of verification (partially covered). Within three business days, the verification procedure is complete, and withdrawals can be made.

Bank wire, credit card, or e-wallet withdrawals are all options for traders. There are no minimum limitations for bank account withdrawals, although there are for e-Wallets. There is a 24-hour processing window for withdrawal requests, although the time frame varies based on the method traders employ to withdraw funds.

Should I Trade with Evotrade?

You should, of course! Under rigorous regulations, Evotrade is able to provide a wide range of financial services to customers. Individual bank accounts are set up for each trader’s capital. The industry’s best trading circumstances are available. Through a variety of methods, accounts may be started and financed quickly. Trades may be executed quickly, easily, and conveniently using either the proprietary online trader or the MT5 trading platform, with the latter providing more extensive capabilities for analysis and other aspects of trades. In addition, the broker provides educational resources for traders. No problems with withdrawals are encountered by traders. To get a feel for the financial market, Evotrade is a good choice of broker to use.

Reviews on Evotrade

Comments about Evotrade
( 5 )
User rating: 4.4 / 5

Comments: 5

  1. avatar
    Rose Mary
    13/10/2023

    It’s exceptionally hard to believe that this business was founded with the intention of causing customers and investors to lose money and regret their decisions. I was very foolish to have joined this fraud, and I first lost some money as a result. However, with the assistance of experts from Cp-investigation (.) com I was refunded and advised to be wary of most investing firms out there.

    1/5

  2. avatar
    koven
    07/11/2023

    I invested over $250k trading online and all access to make withdrawals of my funds was denied, I got in contact with the customers support but didn’t get a reasonable response from them, all my funds including my profit was stuck on the platform. I was so sad being frustrated over things, until I was advised to contact gavin ray a well known recovery specialist by a friend of mine who has also encounter withdraw issues solved by Gavin , I texted him and presented all legal documents and following all procedures he instructed and he successfully initiated the withdrawal confirming the payment into my bank account, i recommend his services to anyone you can contact him on email [email protected]

    1/5

  3. avatar
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    07/02/2024

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    3/5

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    3/5

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    05/03/2024

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    2/5

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