Evolution Brokers Review
Reason to avoid: No License
Listed Date: November 26, 2018
Top 3 Regulated Forex Brokers
Beware Evolution Brokers is a Non-Licensed Broker. It is NOT SAFE to trade.
- Company name:
Maximus Global Marketing LTD. Evolution Brokers.
- Registration Address/ License:
St. Vincent & the Grenadines. No License
Evolution Brokers is a Forex and CFD trading provider that claims the lowest spreads in an industry that maximizes the profit through its established ECN/ STP execution and secure accounts. Moreover, the Evolution Broker states its negative balance protection and implementation of highest level risk management tools, while all client funds are kept in segregated fund accounts. However, the main concern is the states that seemed to be very professional and actually necessary for a reputable broker, are not confirmed by any of the authorities.
As the Evolution Brokers located in an offshore zone, in Belize, and didn’t bother to obtain a license that will ensure customer protection, all above said is not guaranteed. The mission of industry authorities is to regulate numerous financial investment firms, report every move and statement they claim along to the protection of the client’s interest in every step. This is the reason we always advise trading with the regulated entities only, which are also offering very attractive conditions and offers vast opportunities to the trader of any size.
In regards to Evolution Brokers, they are offering is quite standard, while the firm is not among the recommended brokers that may involve clients in potential fraudulent investment. In addition, there are numerous complaints revealed by the traders engaged with Evolution Brokers, as well as a warning notification from the FINACOM.
“The warning list is to inform the public of companies, including Evolution Brokers, that we do not recommend to trade with, following numerous reports and complaints filed by customers regarding non-member firms concerning fraud or wrongdoing.”