EVFX Review
EVFX is a professional broker operating worldwide. Since its inception in 2011, it is offering multiple trading options to its clients that may include all kinds of exotic, major and minor currency pairs, precious metals and NDFs. The headquarters of the broker are located in the United Kingdom. The broker consists of a remarkable leadership team that is providing its services successfully for more than a decade now.
Here is a detailed EVFX review that will explain the distinctive features of the broker and the services it provides to its customers making it a trustworthy broker in the financial market.
Account Types Offered
EVFX offers a number of account types to its customers depending on their trading profile and need. The clients can also choose the type of account on the basis of the instruments they want to trade. These account types may include Introducer Account, Corporate Account and Personal Account.
Though the broker does not give enough information about the features of all the account types on its website. However, all types of clients including beginners and professionals can get sufficient retail investment opportunities by opening an account with the broker.
Regulation and Security
The most important feature of any broker that should be looked upon is its regulation and transparency before initiating the trade with the broker. Being a UK based brokerage firm, EVFX is regulated by Financial Conduct Authority (FCA). FCA follows strict guidelines and regulations and is considered among the top-notch regulatory bodies in the United Kingdom.
EVFX is made to follow all the rules and policies that are set by the regulatory authority as per requirement. It makes sure that the funds and assets of the customers are secured and kept in separate accounts to avoid any confusion in the future. In addition to that, FCA also ensures the transparency of the Electronic and Voice Exchange Limit (EVE) of EVFX.
Spreads
EVFX usually offers tight spreads to its customers. Moreover, depending on the trading instrument, it also offers a reasonable commission to its customers. It also permits the customers to trade in currency pairs such as USD/EUR. One is given the option to choose between the variable and tight spreads offered by the broker.
Deposit and Withdrawal Methods
EVFX does not offer a wide range of methods to carry out the transactions for its customers. The customers can transfer their funds into their accounts using debit cards, credit cards, Skrill and Bank wire transfer. The payments of the customers are deposited and withdrawn within no time and the broker normally charges no fees from its customers for carrying out transaction.
Customer Support
An effective and efficient customer support service is an important feature of a reputable broker. One should look upon the customer service of the broker before beginning the trade process. EVFX offers a fast customer support to its clients that is always available to help them. The customers can contact the team by using telephone, email and live chat option that is available on their website.
One can also get in touch with the team of the broker through the online form that is available on their website and get their queries answered.
Research
It is very important for the traders to carry out a thorough research process before commencing the trade process. So that one should be confident enough to trade effectively and earn maximum success. EVFX does not provide sufficient information and trading tools for its customers.
However, it is upon the traders to carry out research on their own to have a better understanding of market liquidity, fluctuations in the market, spreads and the volatility of the market.
Conclusion
EVFX is a reputable broker firm that is providing its services all around the world in an efficient manner. Being regulated by trustworthy authorities, it provides complete security and safety to its customers and clients ensuring the transparency of the broker.
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