EVEST Review crypto broker 2024

Our veredict

Evest is a trading platform that offers a range of financial instruments, including crypto CFDs, which allow users to speculate on the price movements of cryptocurrencies without actually owning them. It is regulated by the Vanuatu Financial Services Commission and the Financial Sector Conduct Authority in South Africa, providing a level of trust and compliance. One of the key strengths of Evest is its variety of account types and the leverage options it provides, which can appeal to both beginner and experienced traders. The platform also offers educational resources through its Trading Academy, making it a good choice for new traders who want to learn the ropes before diving into real trading.

However, Evest has some drawbacks, such as higher-than-average spreads on cryptocurrencies and a relatively high inactivity fee. The customer support has also been noted to be slower compared to other platforms, which could be a concern for users needing timely assistance. While the platform provides a secure trading environment with SSL technology and automated protocols, the higher fees and slower customer service might make it less appealing for those looking for a cost-effective and responsive trading experience.

Pros

Wide Range of Assets Evest provides access to a diverse selection of financial instruments, including various cryptocurrency CFDs, allowing traders to speculate on numerous crypto assets without owning them.
Regulated and Compliant Evest operates under the regulatory oversight of the Vanuatu Financial Services Commission and the Financial Sector Conduct Authority in South Africa, ensuring compliance with international financial standards.
Educational Resources Available The platform features a comprehensive Trading Academy, which offers educational materials and courses suitable for traders of all experience levels, helping them understand market dynamics and trading strategies.

Cons

2,5

Threenvest Score

Fees

3,9/5

Regulated

CMA

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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose EVEST?

Evest stands out as a strong choice for cryptocurrency traders for several reasons. First, it offers a regulated and secure trading environment, being overseen by both the Vanuatu Financial Services Commission and the Financial Sector Conduct Authority in South Africa. This regulation provides a level of trust and compliance that is essential for financial trading platforms.

Another significant advantage of Evest is its broad range of trading instruments, including crypto CFDs. This allows traders to speculate on the price movements of cryptocurrencies with leverage, providing the potential for higher returns while managing risks. The platform supports a variety of popular cryptocurrencies such as Bitcoin, Ethereum, and Cardano, making it versatile for different trading preferences.

Evest is also highly accessible for beginners, thanks to its comprehensive educational resources through the Trading Academy. This feature helps new traders understand the market and develop effective trading strategies before committing real funds. Coupled with the availability of a demo account, it allows users to practice and gain confidence in their trading skills without financial risk.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert from our site, I recommend Evest for cryptocurrency trading due to its robust regulatory framework and secure trading environment. The platform’s wide range of crypto CFDs, combined with educational resources like the Trading Academy, make it an excellent choice for both new and experienced traders. Although the spreads can be higher and customer support slower, Evest’s strengths in regulation, security, and accessibility outweigh these drawbacks, providing a reliable and comprehensive trading experience.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.