EverFX Review South Africa – Unbiased Pros & Cons Revealed ( 2022 )

EverFX Review




According to research in South Africa, EverFX is an international online broker, providing access to over 130 tradable instruments from 6 asset classes for both retail and institutional investors.

The company operates successfully around the globe and places great emphasis on providing professional and reliable services to all its clients.

The company’s platform is built on diversity, flexibility, transparency and open, reasonable pricing structures.

The company creates long-lasting relationships with its clients and aims to empower them with the necessary tools, knowledge, and support to enjoy and excel in their trading endeavours.

The company offers the popular MT4 and MT5 forex trading platform, as well as over 50 forex currency pairs, indices, gold, silver, oil, bitcoin and other cryptocurrencies for a variety of personal investment and trading options.

However, potential traders should note that EverFX is owned by ICC Intercertus Capital (Cayman) Limited, which is incorporated offshore on the Cayman Islands.

There was significant concern in the past regarding the company’s regulation by the local Cayman Islands Monetary Authority (CIMA), which is not as reputable as those under which many other brokers operate, such as the highly regulated FCA.

It seems that the company recently underwent a reform in its regulatory approach and has come under the regulation of certain European regulatory bodies.




As already noted, EverFX is regulated by the Cayman Islands Monetary Authority (CIMA), which is not a well-recognized regulatory body.

Under the law of the Cayman Islands, all licensed brokers should have a minimum fixed capital of at least 100 000 Cayman Islands Dollars or approximately USD 120 000.

On the other hand, brokers which are regulated in regions such as the EU or the UK are required to have an operational capital of no less than EUR 730 000, which makes this broker particularly lax in their capital requirements.

Added to this, regulatory complications generally arise with such offshore brokers as regional regulatory bodies typically lack the capacity to properly oversee all the activities of an internationally operative broker.

EverFX also appears on a few noted scam websites, which does not contribute to their reputation as a legitimate broker.

However, the company has recently adjusted this issue and now claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC), Cayman Islands Monetary Authority (CIMA), and the Seychelles Financial Services Authority (FSA).

The company does make all of its legal documentation available on its website, which is an added level of transparency which some other brokers do not provide.




1. Excellent research tools 1. Hidden maintenance fees
2. Excellent educational tools 2. Offshore regulation
3. Popular trading platforms
4. High leverage




EverFX has the distinct advantage of offering its traders a generous leverage as high as 1:500, which is not as widely available from many other brokers, especially those regulated under the EU bodies.

However, this should also be regarded in the light of the company’s aforementioned regulatory status, where lax local governing bodies often allow offshore brokers to provide high margins.

In fact, the European Securities and Markets Authority (ESMA) capped the maximum leverage allowed with forex transactions for retail customers at 1:30, following similar steps by the regulatory authorities in the U.S., Canada and Japan.

This is specifically because, while leverage is a useful tool which allows traders to maximize their potential profits, it is also a risky application which can result in heavy losses.

Traders who are looking to invest large sums of money should be sure they are fully equipped to handle the risk involved with using the high leverage offered by EverFX.




EverFX offers several different account types, each with specific benefits. The size of the initial deposit determines which tier the account belongs to, as well as which benefits are available to clients.

Traders can shift their account to the next level by increasing their deposit amount. EverFX’s account offering consists of the Entry, Standard, Premium and VIP accounts.


Entry Account

The company’s Entry Account includes the following specifications:

  • Deposit: USD 250
  • Min spread from 1.5 pips
  • Max leverage up to 1:500
  • Bonus up to 30%
  • Customer support 24/5
  • Intro call from personal account manager


Standard Account

The company’s Standard Account comes with the following specifications:

  • Deposit: USD 2 500
  • Min spread from 1.2 pips
  • Max leverage up to 1:500
  • Bonus up to 50%
  • Customer support 24/5
  • Personal account manager
  • Investment research & analytics from Trading Central


Premium Account

The company’s Premium Account comes with the following specifications:

  • Deposit: USD 10 000
  • Min spread from 0.8 pips
  • Max leverage up to 1:400
  • Bonus up to 100%
  • Customer support 24/5
  • Personal account manager
  • Monthly session with a senior market analyst
  • Ongoing support via Skype
  • Investment research & analytics from Trading Central


VIP Account

The company’s VIP account comes with the following specifications:

  • Deposit: USD 50 000
  • Min spread from 0 pips
  • Max leverage up to 1:200
  • Bonus up to 100%
  • Customer support 24/5
  • Commission $6 per lot
  • Dedicated personal account manager
  • Weekly session with a senior market analyst
  • Exclusive trading strategies
  • Development of an individual business plan
  • Ongoing support via Skype
  • Investment research & analytics from Trading Central




EverFX offers 50 trading pairs for the following market instruments:

  • Stocks
  • Forex
  • Energies
  • Cryptocurrencies
  • Indices
  • Metals

However, it should be noted that on the company’s demo account there are only 23 major currency pairs and two CFDs on silver and gold.


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EverFX’s benchmark EUR/USD spread floats at about 2 pips, which is at least half a pip higher than the spreads offered by many other brokers.

Added to this, the company reserves the right to charge traders a maintenance fee without ever specifying the exact amount.

As noted in the description of its accounts, the company offers several bonuses, although the company does not make its bonus conditions clear.

Traders should be careful when subscribing for trading bonuses, as they are often linked to additional withdraw conditions, such as a minimum trade volume requirement.




Depositing funds with EverFX can be done through a variety of methods and are processed almost immediately. The company does not charge fees on deposits.

The company processes withdrawals within 1 working day. The company does apply fees for credit card and wallet withdrawals and there might be a fee charged by the Banks, for which the company does not bear responsibility.

Deposits and withdrawals can be made through the following payment methods:


Credit cards:

  • Visa
  • Mastercard
  • Currency: USD, EUR, GBP



  • Trio
  • Pay Trust
  • FasaPay
  • Perfect Money
  • Currency: RUB (TRIO), THB, VND, MYR, IDR, USD, EUR, IDR, GBP


Bank Transfer:




The company offers a variety of trading platforms, including the ever popular MetaTrader4 and MetaTrader5, as well as the Webtrader platform.



When it comes to online trading, one platform stands above the rest. MetaTrader4 is by far the best-known and most used trading platform in the world.

Since its launch in 2005, it has been attracting traders with its unique blend of accessibility and professional features. Whatever the trading style, whatever the time horizon, MT4 has a variety of tools which enhance the trading experience.

These include chart multiple symbols across a variety of asset classes simultaneously. Traders can also use a variety of custom indicators (including the company’s exclusive custom indicator from Trading Central) and a wealth of other professional trading tools.



The younger sibling of MetaTrader4, MetaTrader5 was officially launched in the summer of 2010 with the aim of offering traders more.

This long-awaited addition to the MetaQuotes family comes with natively supported assets, more execution options, more order types, more indicators, and more graphical objects, to name a few.

MT5 also comes with a completely revamped scripting language and development environment, offering power users an incredible toolset for building their own trading bots and indicators.


WebTrader Status

Status is designed to be intuitive, the idea being that anyone should be able to start up the platform and quickly get to grips with it. It’s loaded with a variety of pre-set technical indicators and drawing tools ready to use, right out of the box.

Status can be accessed from any device. The smooth web-based interface delivers the same great charting experience from desktop or trading on the go from a smartphone.




The EverFX review is a simple and easy guided process that begins with registration.

The company’s demo account is just as simple and potential traders can explore the world of Forex trading.




EverFX offers a decent customer support experience, which the option to request a call back, or a live chat function in order to speak directly to a member of the support team and resolve more pressing issues.

The company also provides a comprehensive FAQ section to allow potential traders to learn more about its offering quickly and efficiently.




EverFX offers the EverFX Academy, which includes a selection of courses at varying levels – from the most basic to the most advanced levels.

The classes include a variety of learning devices, such as live webinars, personal tutoring with one the company’s mentors and trading courses.



Each webinar covers a specific topic in the field of day-trading, such as options, day trading strategies, technical analysis and much more.

The company provides webinars at every level, from basic to advanced. New webinars get continually added, so check back occasionally to see what’s new in the company’s webinar pool.


Personal Tutoring

These private lessons are tailored to newbie traders’ specific needs and cover any subject, from optimising the trading set-up and establishing the right preparation routine, to overcoming trading psychology barriers and enhancing selective trading.

The company’s hand-selected mentors cover the entire trading experience with students, and analyse their strengths and weaknesses to devise a unique program to help them enhance their trading skills.




EverFX offers excellent research tools, particularly its Trading Central platform, and an economic calendar.


Trading Central

Trading Central makes use of a hand-picked team of licensed financial advisors which assist large as well as small financial institutions by providing objective market analysis which leads to better investment decisions.

The company’s trading partners benefit from expert analysis sent to them daily, with specifics of the company’s most popular assets and most beneficial trading procedures. The company’s exclusive Trading Central plugin can be installed for MT4.


Economic Calendar

The company’s economic calendar will scan through all upcoming data releases and filter them according to the trader’s preferences.

Traders can receive results from the countries/regions relevant to the forex pairs that they trade, as well as filtering out all but the most impactful economic events.




EverFX has garnered the following awards:


  • Fastest Growing CFD Broker Europe, Global Brands Awards (2018)
  • Best New Multi-Asset Broker Europe, Global Brands Awards (2018)
  • Best Online CFD Broker Middle East, International Business Magazine (2018)




There are several notable advantages to trading with EverFX, including their popular trading platforms and the comprehensive Trading Central research tool, which can be installed directly as a plug-in to the MT4 platform.

While the company faced some heat in the past regarding its regulatory status in the Cayman Islands, it has recently come under the auspices of reputable regulatory bodies, including the FSA.

However, EverFX does operate as an offshore company, meaning that it is held accountable by the laws of the Cayman Islands, which are lax and poorly applied at best.

This is evidenced by the company’s high leverage, which is not possible in the EU for its high risk potential.

Potential traders should keep this in mind when deciding whether to trade with the company, which does offer an excellent range of tools and platforms in order to enhance the overall trading experience.


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ICC Intercertus Capital (Cayman) Limited is authorised and regulated by the Cayman Islands Monetary Authority (CIMA), with license number 1444866.

The card transactions are processed by its subsidiary entity, Digital Age Solutions Limited, which is located at Antheon 2, Kato Polemidia, 4151 Limassol, Cyprus and with registration no. HE 388419.

ICC Intercertus Capital (Seychelles) Limited is authorized and regulated by the Financial Services Authority Seychelles (FSA), with license number SD036.

The card transactions are processed by its subsidiary entity, GAAM Digital Progressus Ltd, which is located in Antheon 2, Monovoliko 4, Kato Polemidia, 4151 Limassol, Cyprus and with registration no. HE403613

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

EverFX does not offer contracts for difference to residents of certain jurisdictions such as the USA, Belgium, Iran, Canada, North Korea, etc, According to research in South Africa.



Frequently Asked Questions?



Is EverFX a fake or scam?


EverFX is cited on a number of scam websites. As offshore broker regulated by CIMA, it is lax in its capital requirements, casting further doubt on its legitimate standing.


What leverage is offered by EverFX?


The broker offers its traders leverage as high as 1:500.


What market instruments can I trade with EverFX?


You can trade 50 trading pairs with Stocks, Forex, Energies, Cryptocurrencies, Indices and Metals.


How long does EverFX take to process withdrawals?


Withdrawals are processed within 1 working day.


What trading platforms are offered by EverFX?


Metatrader 4, Metatrader 5 and Webtrader platform.

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