The EVFX minimum deposit amount to open a real trading account is $500. This minimum deposit amount was equivalent to ZAR R7450 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing.
EVFX at a glance
| Broker's Name | EVFX |
| 📍 Headquartered | London, UK |
| 📅 Year Founded | 2011 |
| ⚖️ Regulating Authorities | FCA |
| 🌐 Countries not accepted for trade | United States, Belgium |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1: 30 |
| 💰 Minimum Deposit | $500 |
| 💳 Deposit Options | Debit and Credit Cards, Skrill, Bank Wire |
| 💳 Withdrawal Options | Debit and Credit Cards, Skrill, Bank Wire |
| 💻 Platform Types | MT4 (ECN), MT4, Currenex, CQG, FIX |
| 📈 Tradable assets offered | Mac, Windows, Web, Mobile Android, iPhone, iPad |
| 📱 OS Compatibility | Forex, Commodities, FX, CFDs, Indices - FX in about 90 pairs, Commodities in around 20 and 12 Stock Indices. |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | English |
| 📆 Customer Service Hours | 24/5 |
Min Deposit USD 500 Regulators FCA Trading Platform MT4, Currenex, CQG, FIX Crypto Yes Total Pairs 90 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Choose your quick section of our EVFX Minimum Deposit below.
EVFX Minimum Deposit – 4 key points quick overview:
- ✔️Minimum deposit
- ✔️Deposit fees and deposit methods
- ✔️Step by step guide to deposit the minimum amount
- Pros and Cons
Here is our overview of the EVFX Minimum deposit as well as the pros and cons as well as features that are offered to traders.
Minimum deposit
EVFX has a minimum deposit requirement of $500. EVFX’ authorization as a broker and its regulatory authorities may require that client funds must be kept in segregated accounts, separate from the broker account, and that such funds could only be used by traders to conduct their trading activities.
Deposit fees and deposit methods
Compared to other brokers, the minimum deposit amount that EVFX requires when traders register a live account is reasonable, seeing that the broker is more suitable to experienced traders. EVFX offers traders several payment or deposit methods which can be used when funding accounts. Withdrawals usually must be returned by the same method used to deposit and to the same bank account.
EVFX accepts the following payment methods:
➡️️ Debit and Credit Cards
➡️️ Skrill
➡️️ Bank Wire
EVFX does not levy additional fees, but third-party charges may be applicable. Processing times for deposits are promised to be fast – within 24 hours. Although EVFX does not have additional charges on either deposits or withdrawals, it is always advisable to consult with the payment provider in case they have their own set fees on transactions.
USD, CHF, EUR, GBP, HKD, JPY are accepted as Deposit currencies.bTraders must ensure that they verify whether their financial institution charges its own fees.
Step by step guide to depositing the minimum amount
Traders can fund their accounts by sending the funds to one of the EVFX segregated client accounts from their own bank account or execute the option to deposit the minimum amount from their personal area after a live trading account was registered and had been approved.
Traders then log into their personal area, select the option for deposits, and follow the instructions to make a deposit into their trading account. Funds must be transferred in the same currency as the bank account to which they are sending it to, prevent currency conversion fees from being charged.
Min Deposit USD 500 Regulators FCA Trading Platform MT4, Currenex, CQG, FIX Crypto Yes Total Pairs 90 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
EVFX Pros and Cons
| ✔️ Pros | ❌ Cons |
| Best suited for professional traders | Little information regarding trading costs and conditions |
| Fairly wide variety of trading platforms available | No proper educational or research tools |
| Interests aligned with those of clients | Not a variety of payment methods available |
| Several account currencies can be used | Not suitable for beginner traders |
| Tight spreads on major currency pairs | |
| Several styles of investments possible |
You might also like: EVFX Review
You might also like: EVFX Account Types Overview
You might also like: EVFX Demo Account – Step by Step
You might also like: EVFX Fees and Spreads
You might also like: EVFX Sign up Bonus
Frequently Asked Questions
Does EVFX have a minimum deposit?
Yes, read about EFVX minimum deposit here.
What is the minimum deposit required to open an account with EVFX?
$ 500.
How do you make a deposit and withdraw money with EVFX?
EVFX offers the following deposit and withdrawal methods:
- Debit and Credit Cards
- Skrill
- Bank Wire
The same method that was used to fund an account must normally be used to withdraw money. Also, monies will usually only be refunded to accounts in the same name as the trading account.
Does EVFX charge withdrawal fees?
No.
How long does it take to make a withdrawal?
Withdrawals on EVFX for credit and debit cards should not take more than 24 hours, but it may also take much longer for the money to be available.
Top 4 Brokers
