EVFX Review

  • Broker Type: STP

  • Leverage: 1:30

  • Regulation: FCA

  • Min. Deposit: 500 US$

  • HQ: UK

  • Platforms: Currenex, FastMatch, Integral, FXall, digitalvega, hotspotFX, solidFX, FXCMPRO, FXONE

  • Found in: 2011

EVFX Licenses:

Electronic and Voice Exchange Limited (EVE) - authorized by FCA (UK) registration no. 470325

Top 3 Regulated Forex Brokers

Company Brief:

EVE provides Electronic & Voice access to the Foreign Exchange Spot, Forwards and Options markets. EVE actively trades in all major, minor and exotic currency pairs, including Non-Deliverable Forwards (NDFs) as well as Precious Metals. Since 2011, EVFX has been offering solutions for access to the FX market, as well as many of the major electronic venues. The company continues to offer unrivaled direct access to the best market liquidity through their established agency voice desks, and the selection of spot and options platforms.

The access to the trading markets includes trading on spot FX, Precious Metals, forwards, NDFs and options, as well as Futures and Equity exchanges, CFDs. Along with the range of the available trading markets and the solutions to execute the orders and perform the trading itself, the broker delivers an advanced software offering to their clients. The necessary support is also one of the jet features of the company, thus the traders can rest assured about the company, which stands at their back for the best from the trading experience.

EVFX Review

Licenses, Regulations & Security of funds:

Being a UK based company, the EVFX performs and delivers its services in a full compliance with the necessary laws and regulations. Electronic and Voice Exchange Limited (EVE) is registered in England with Company and is authorized as well regulated by the Financial Conduct Authority (FCA).

FCA is one of the strictest world respected authorities that oversee the financial companies conducted within the UK. According to the FCA set of rules, the broker should maintain and establish significant adequacy capital along with the necessary operational standards and the highest level of the investors’ protection. The regulatory status means that the company is able to deal with Retail Clients, Professional Clients and Eligible Counterparties as defined by the EU Markets in Financial Instruments Directive (MiFID).

The investor protection involves many tasks to be performed together with the full client’s money segregation from the company funds at all times, participation and membership in the Scheme that covers clients in the case of the company insolvency which represents FSCS (UK). Along with that the utmost level of anonymity, while transacting the orders and the encrypted operations, transactions are always at the client’s disposal.

Trading Platforms & Tools:

The traders are able to trade on a wide range of the platforms that are centralized with one back office while all transactions regardless of the platform are reported to the office system giving clients a One Stop Shop solution. EVE provides a choice of electronic trading platforms for their customers and covering Spot, Forwards, Options and Ndfs with APIs available on all of them.

The FX Platforms available at EVForex include Currenex, FastMatch, Integral, FXall, digitalvega, hotspotFX, solidFX, FXCMPRO, FXONE, API Trading which gives a vast of trading opportunities to every trader. The Futures and Equities platforms covering the most used platforms as well, while the performance powered by the electronic transaction model. Therefore, the trader of any size and strategy can engage in the trading as the variety of platforms is truly impressive and features options designed to everyone own need.

Another opportunity for the traders is a Voice Trading, while EVE’s voice desk allows clients the ability to execute transactions of significant size and sensitivity. Acting as principal to all transactions with their clients, the investors can be assured of full Anonymity. EVE offers both traditional Agency and Margin facilities, Exotic currencies, including NDF’s (Non-Deliverable Forwards) and options strategies, that are not liquid or supported electronically also benefit from this service. EVE’s Institutional clients can also access EVE Voice Prime (EVE VP), which allows dealing directly through certain pre-approved banks and counterparties.

Account Types and Trading Costs:

The account types along with the company offering covers investment opportunity of retail, professionals and introducers clients, while all can find suitable conditions with the correct technology or service. Thus, the account types are varied by the investors’ portfolio, type and the necessary chosen trading instruments along with the platform option. Likewise, the trading costs are divided by the trader’s expertise, volume traded and the trading methodology, however, the trading costs are built into the tight spread offering along with the applicable commission as defined per trading instrument. Overall, the Account types are the tailored to the client solution with all options to be settled and defined as per the client need and the best match in terms of the investment trading.

Payment Methods:

For the payment options and the methods themselves, which represents the investors’ possibility to transfer the money to and from the account, the EVFX do not offer a wide range of possibilities. However, the most used Bank Wire Transfer and the Cards payments are always available and representing the most secured, as well as convenient payment solutions to the trader of any size.

Conclusion:

The EVForex review shows the company based in the UK, while the Broker offers an array of platforms that can best suit the clients and different trading needs. The company performs its operation on a pure agency model, while acting only as a broker, so the interests are always aligned with their clients. Moreover, the brokerage services cover both the electronic trading solution as well as the voice trading with the highest security level, which allows various portfolio and investment style clients to enlarge their opportunities by trading with EVForex. The regulated environment that is complied with the strictest authority rules is also delivered in the investors’ secure state of mind.

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