Evolve Markets Reliable Review

Details

Broker Evolve Markets
Website URL https://evolve.markets/
Founded 2016
Trading Platform MT4, ΜΤ5
Minimum 1st Deposit No
Bonus Anonymous Trading
Leverage 1000x Forex, x500 Commodities, x100 Cryptos
Free Demo Account Yes
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 81

Pros

  • No minimum deposit
  • Anonumous Trading Accounts
  • High Leverage Trading Limits
  • Rapidly Developing Forex Brokers

Cons

  • Not Regulated Forex Broker
  • Only Bitcoin and Litecoin Deposits Accepted

Is Evolve Markets a scammy broker?

Is Evolve Markets a reliable forex broker where you can trust your forex trading account?

Read this honest Review and learn more information about Evolve Markets, so you can personally deside if this Broker fits to your needs!!

Evolve Markets operates under the domain https://evolve.markets/

 

Introduction

Evolve Markets is a crypto-first trading platform that takes traditional FX brokerage model to the next generation with cryptocurrency for deposit and trade settlement. This allows Evolve Markets to offer higher leverage, a diverse array of trading instruments and operate without a need to verify the identity of traders account holders.

Evolve Markets is an offshore Forex broker who allows traders to deposit only via Bitcoin & Litecoin!  This allows Evolve Markets to operate without a need to verify the identity of traders account holders. Evolve Markets is an offshore forex broker where a trader can sign up and trade anonimously.

Since Bitcoin is pseudonymous (not 100% anonymous!!!), it is not obvious without great effort exactly who is the source of deposits and the recipient of withdrawals.

 

Trading Account Types

Evolve Markets provides one account type that is raw spread and commission trading for all trading pairs on MT5 and MT4, and allows hedging, scalping and trading through expert advisors.

Traders can trade with up to:

  • 100:1 leverage on cryptocurrency pairs such us BTC/USD
  • 1000:1 leverage on Forex.
  • 500:1 leverage on Commodities and indices can be traded with 500:1 leverage.

Evolve Markets features narrow spreads across all trading pairs, starting from 0 pips. The spreads are variable.

All account types come with negative balance protection. Since Forex markets are not continuous, the price can fluctuate between the end of one session and the beginning of another. Therefore, it is possible to end up with a negative balance in your account.

Even if you have stop-losses set that would normally be triggered by a price move, if the market is not in session at that time, your stop-loss order will not be executed. In this case, the account balance is set to 0 and your negative balance will be wiped out.

In addition to the real accounts, Evolve Markets also provides free demo accounts on their demo server. These demo accounts do not expire.

 

The Company

Evolve Markets was founded in 2016. Evolve Markets Ltd, which is an IBC (International Business Company), is behind the Evolve Markets brokerage and is based in Saint Vincent and the Grenadines.

Many offshore forex brokerages are based there due to the simple and inexpensive registration process and hands-off approach taken by the regulatory agencies there.

Consequently, many regulations you may be familiar with in dealing with other Forex brokers do not apply to Evolve Markets.

Whether this is a bad thing might be considered a matter of personal opinion.

Since all accounts are denominated in Bitcoin, and with cryptocurrency’s philosophical emphasis on decentralization, these issues will likely be less of a concern for those who trade with Evolve Markets.

 

Security of Funds

Since Evolve Markets is operated by an IBC, safeguards such as keeping client funds in segregated accounts and keeping a minimum amount of capital on hand are not required to be implemented. Furthermore, if the company becomes insolvent, no plan is required to compensate clients.

The company reports that they use a proprietary solution to ensure the safety and security of clients’ bitcoins.

They claim to have 100% cold storage of their cryptocurrency assets. This eliminates the exposure of their cryptographic private keys from the internet.

No bitcoin withdrawals are automated and a process exists to manually review and process all bitcoin withdrawals to ensure that they are being routed correctly.

Clients can set up two-factor Authentication (2FA) by utilizing Google Authenticator in addition to their MetaTrader password.

 

Privacy & Anonymity

Since Evolve Markets allows deposits in Bitcoin, this means that you can deposit money without the transaction being tied to your name.

No identify verification process is required to open an account. No KYC Required

User data is encrypted in Evolve Market’s database.

Evolve Markets Reliable Review

  • Offshore Forex Broker
  • Anonumous & Fast Sign Up & Deposit
  • Accounts Denominated in Bitcoin or Litecoin
  • MT4 & MT5 Trading platform
  • 1000x leverage on all forex pairs
  • 100x leverage on crypto trading
  • 500x leverage for commodity & index cfds
Anonymous Trading
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Trading via Evolve Markets protects your personal data since you do not provide your name and you do not have to verify your personal information by sending ID photo and address proof. Safe Trading in Evolve Markets using the most 

 

Platform & Trading Conditions

Evolve Markets supports MetaTrader 4 and Metatrader 5, in desktop, web and mobile versions.

Everything you need to analyze the market, trade, or create and utilize Expert Advisors is all there. The MetaTrader 4 Web Platform supports any browser or operating system (i.e., Windows, Linux, Mac) with no software download required.

MetaTrader Client Terminal is a Windows native application but can be run in Linux or Mac using WINE. E

Evolve Markets leverages a worldwide network of seven datacenters to ensure excellent connectivity in all regions of the world.

Evolve Market’s execution model is hybrid STP/ECN, or Straight-Through Processing / Electronic Communications Network.

This model avoids the use of a dealing desk and directly sends your orders to liquidity providers. Evolve Market’s support team is available through e-mail during Forex market hours.

Most major currency pairs such as EUR/USD and more…

Exotics such as USD/TRY, EUR/TRY, TRY/JPY, USD/CNH, USD/HKD, USD/DKK and EUR/DKK.

In addition to Forex, Evolve Markets also allows trading in commodities, indices (using CFDs) and cryptocurrencies.

Cryptocurrency pairs cross cryptocurrencies with the U.S. dollar, Euro, Yen, Chinese Yuan, Gold and Oil. Bitcoin, Ethereum and Litecoin are also crossed with each other.

Supported cryptocurrency pairs include BTC/USD, BTC/EUR, BTC/JPY, BTC/CNH, XAU/BTC and OIL/BTC. Other Crypto Pairs are ETH/USD, BTC/ETH, LTC/USD and LTC/BTC.

 

Payment Methods

Withdrawals are performed strictly in Bitcoin. During withdrawal, Evolve Markets covers the blockchain fees for the transactions.

The minimum withdrawal is 0.005 BTC

Deposits can be made after signing up for an account by sending Bitcoins to the address given in the Web platform or through visiting the Secure Client Area.

No deposits of fiat currencies are supported. Forget Dollars, euros etc

There is no minimum deposit.

 

Conclusion

Since Evolve Markets only deals in Bitcoin and Litecoin it opens up Forex to those who are coming from the world of cryptocurrency.

And it does this without requiring any sort of identify verification.

Those who take privacy seriously will appreciate Evolve Markets’ way of handling accounts.

Since Bitcoin transactions are pseudonymous, neither your deposits nor withdrawals will be tied to your name.

Start now your REAL trading account in Evolve Markets

 


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