Evolve Markets Ltd Review
Evolve Markets-Offshore Forex, CFD and Cryptocurrency Broker, established in 2015. Registered in Saint Vincent and the Grenadines as an international brokerage company with registration number 23498 IBC.
Evolve Markets does not provide services to residents of the United States.
CryptoBroker uses a cold storage system to ensure the safety of traders, and withdrawals are processed manually. This is usually done hourly on weekdays, so withdrawals may be delayed by several days.
Payment methods with Evolve Markets are limited to bitcoins. Deposits are processed to your trading account as soon as they receive 1 confirmation on the blockchain (usually within 10 minutes).
Withdrawing your bitcoins is free – the broker pays commissions related to blockchain transactions.
Trading conditions
- Minimum transaction size: 0.01 lot;
- Available leverage for products and indices: up to 1: 500;
- Cryptocurrency leverage: up to 1:50;
- Payment methods: Bitcoin, Litecoin;
- Account currencies: Bitcoin, USD, EUR;
- Number of currency pairs: 54;
- Account types: Classic and Pro;
- Scalping: Allowed;
- Automated Trading: Allowed;
- Crypto Trading: 24/7;
The funds in the account should be maintained at 50% of the initial margin for all positions – if the capital falls below this level, the positions will be automatically closed until the margin level returns to adequacy. This is done so that the trader does not lose its assets. This is a big plus broker Evolve Markets.
Trading instruments
- Basic assets for trading with a broker
- Currency Pairs: 50+ based on major and minor world currencies.
- 11 Crypto Pairs Based on Bitcoin, Bitcoin Cah, Dash, Ripple, Ethereum, Ethereum Classic, Litecoin, Monero, Zcash, EOS.
Education
Trader education does not seem to be a priority area for a broker, and there is a very limited amount of content available for a detailed study of the crypto market and how it differs from forex and other markets.
Answers to most common questions are given in the FAQ section, which ranges from questions about their trading platforms to managing accounts and registration data, as well as technical questions about the proposed swaps and spreads.
Perhaps this is due to the fact that the broker is quite young, and the training section will be developed.