General Information& Regulation
EVFX is a trading name of Electronic and Voice Foreign Exchange Ltd (a company registered in England and Wales under number 06249714). EVFX was set up in 2011, by a group of people with experience in all aspects of foreign exchange and its related derivatives, with headquarter located in London, United Kingdom. Electronic and Voice Foreign Exchange Ltd (Register number 470325) is authorised and regulated by the Financial Conduct Authority.
Market Instruments
In terms of market instruments, tradable instruments offered by EVFX include forex pairs, Commodities, CFDs indices, metals, stocks and ETFs.
EVFX Minimum Deposit
EVFX offers traders the choice between three different types of accounts, namely a Personal, Corporate, and Introducer account. The minimum deposit that EVFX requires depends on the type of account that is opened is set to US Dollar 500 and this also includes the trading conditions and EVFXs customer service.
EVFX Leverage
EVFX is, under ESMA regulations, eligible to offer a maximum leverage of 1:30, although professional traders who have confirmed their status may apply for higher levels. The account offering will determine the leverage levels and in turn, this may cause a difference in the margins as well.
Spreads & Commissions
There is not any specific spreads and commission disclosed on the EVFX website. It is abnormal for a regulated broker to miss such important details.
EVFX Trading Platform
The trading platforms offered by EVFX cater for Spot, Forwards, Options and Ndfs and on all of these, APIs are made available. EVFX offers the following trading platforms: Currenex, FastMatch, Integral, FXall, Digitalvega, hotspotFX, solidFX, FXCMPRO, FXONE, API Trading. However, should traders prefer to trade Futures and Equities, EVFX offers a range of platforms that cater specifically for this, such as: Fidessa, Trading Technologies, CQG, Bloomberg, Thomson Reuters, and Ice.
Deposit & Withdrawal
EVFX does not offer a variety of payment methods with which to deposit funds into the trading account. Account funding can only be done through Bank Wire along with Visa or Skrill payments. EVFX does not have additional charges on either deposits or withdrawals, but it is always sensible to consult with the payment provider in case they have their own set fees on transactions.
Customer Support
The EVFX customer support service can be available through telephone,email as well as filling a contact form. Unfortunately, live chat support is unavailable, though it is the easiest and most convenient way to get responded.
