Score
Canada
|
5-10 years
| http://www.everforex.ca/en/
Website
Rating Index
Influence
C
Influence index NO.1
Canada 3.46
LicensesNo valid regulatory information, please be aware of the risk!
Canada everforex.ca Canada
VIP is not activated.
| Everforex Review Summary | |
| Founded | 2007 |
| Registered Country/Region | Canada |
| Regulation | No regulation |
| Market Instruments | Chinese currency, World major currency |
| Demo Account | ❌ |
| Leverage | / |
| Spread | Tight |
| Trading Platform | Everforex |
| Minimum Deposit | / |
| Customer Support | Toll Free: (800) 699-4816 |
| Fax: (800) 699 4816 | |
| Email: csr@everforex.ca | |
| Facebook/Twitter/LinkedIn/Google/Wechat | |
| Phone: +1 (800) 699 4816 | |
Everforex is a broker registered in Canada. The tradable instruments include Chinese currency and world major currency. Everforex is still risky due to its unregulated status.
| Pros | Cons |
| Long operational history | Unregulated |
| 24/7 online customer support | Limited types of trading products |
| Telephone orders provided | Demo account unavailable |
| Limited information transparency |
Everforex is not regulated, making it less safe than regulated brokers.
Everforex offers a wide range of market instruments, including Chinese currency and world major currency.
| Tradable Instruments | Supported |
| Currencies | ✔ |
| Commodities | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Everforex provides a proprietary online trading platform. Besides, customers can trade through telephone orders or going to the offline branch counters.
| Trading Platform | Supported | Available Devices |
| Everforex | ✔ | Web, PC, Mobile |
Everforex accepts Pre-authorized Debit (PAD), cash, bank card, cheque, wire, etc. for deposit and withdrawal. However, transfer processing times and associated fees are unknown.
From my own due diligence and years of experience navigating the forex industry, when I researched Everforex, I discovered that they are not regulated by any recognized financial authority. Even though the company is registered in Canada and has been in operation for over five years, no official regulatory license could be confirmed during my investigation. For me, the absence of regulation is a major red flag, as it means there is no external oversight to enforce fair practices, protect client funds, or ensure transparent dispute resolution. Why does this matter? Regulated brokers are required to meet certain standards, such as maintaining capital adequacy and segregating client accounts, which help foster trust and security in the trading relationship. Without these safeguards, I personally find it much harder to have confidence that my capital would be protected if something went wrong. Moreover, the lack of a demo account and the limited transparency regarding their business practices further heighten my concerns. While having customer support and a long operational history can be a positive, for me, none of these can compensate for the peace of mind that comes from a properly regulated broker. Therefore, I approach Everforex with considerable caution due to its unregulated status.
Speaking solely from my experience as a trader who values transparency and platform flexibility, I proceeded with caution when reviewing Everforex. Based on what I discovered about their proprietary platform, I could not confirm any clear support for Expert Advisors (EAs) or automated trading systems. The available information indicates that Everforex provides its own online trading platform with access via web, PC, and mobile, but there’s no specific mention of EA compatibility or any integration with popular platforms like MetaTrader 4 or 5, which are known for robust automation support. Why is this important? For me, the ability to use EAs is not merely a convenience; it’s essential for running algorithmic strategies with strict risk controls. The omission of demo account access and limited information about platform functionalities add to my hesitancy. Without explicit evidence that Everforex supports EAs—or details about scripting, automation, or third-party plugin access—I cannot recommend this broker for traders prioritizing automated systems. Moreover, the broker is not regulated and has several risk warnings, which raises additional concerns about the reliability and future support for any sophisticated strategies. My approach is to favor platforms with established reputations, comprehensive regulatory oversight, and proven EA compatibility. As such, I advise anyone with an interest in automated trading to seek clearer, independently verified information before considering Everforex for EA usage.
From my own experience with Everforex and based on all the information I’ve reviewed, I have not found any indication that this broker accepts cryptocurrencies like Bitcoin or USDT for deposits. The core funding methods available are more traditional: pre-authorized debit, cash, bank cards, cheques, and wire transfers. I haven’t seen any mention—neither on their official materials nor in any direct interactions with their service team—of crypto-based payment support. Whenever I consider funding an account with any broker, especially one that is unregulated like Everforex, I exercise extra caution regarding the security and reversibility of my transactions. Payment through regulated, traceable banking methods provides a degree of assurance that simply isn’t present with cryptocurrencies. Crypto payments are essentially irreversible, which can be risky if any issues arise—especially when dealing with a company lacking regulatory oversight. In summary, if depositing through Bitcoin or USDT is a requirement for your trading, Everforex is not offering this service at this time in my experience. For me, this is a factor I weigh heavily, given the additional risks involved with both unregulated status and limited deposit transparency. I would always recommend verifying funding methods directly with their support and ensuring you are fully comfortable and informed before initiating any transactions.
In my experience, one of the crucial aspects I consider before working with any broker is the transparency and clarity around deposit and withdrawal fees. When I evaluated Everforex, I tried to find detailed information about potential charges for funding or withdrawing from an account. Unfortunately, I found that Everforex does not clearly disclose specifics about transfer processing times or associated fees. They accept a range of deposit and withdrawal methods, including Pre-authorized Debit, cash, bank card, cheque, and wire, but I could not locate exact figures or fee schedules. This lack of transparency makes me inherently cautious. From years of trading, I know that regulated brokers are generally required to publish fee structures openly, which allows traders like me to plan effectively and avoid unexpected costs. Everforex's unregulated status adds to my concerns, as there is no external authority ensuring fair practices or consistent disclosures. While it’s possible there may not be significant fees, I simply do not have enough verified information to conclude that deposits or withdrawals are cost-free. For me, if a broker is not completely clear about these basic aspects, I proceed with heightened caution and always recommend that fellow traders seek written confirmation from the company before transacting any money.
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