What Account Types and Fees Does evest Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly platform |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Businesses and institutions |
Customized services, dedicated account manager |
Requires corporate documentation |
| Islamic Account |
Clients adhering to Islamic finance principles |
Swap-free trading options |
Must provide relevant documentation |
| Demo Account |
All traders for practice |
No risk environment, virtual funds |
Not available at this time |
Account Opening Process
To open an account with evest, users must follow these steps: first, submit personal information, including name, address, and contact details. Next, provide employment and financial information to assess suitability for trading. Identity verification is crucial, requiring a government-issued ID and proof of address, such as a utility bill. Once the application is processed, users can enjoy flexibility in their accounts, including the option to upgrade to a professional account in the future as their trading experience grows.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (USD/JPY) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive pricing |
| CFDs (Stocks) |
1.5 |
$0 (ECN: $2.0/lot) |
Variable spreads based on stock |
| CFDs (Indices) |
0.5 |
$0 (ECN: $3.0/lot) |
Includes major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
In addition to trading fees, traders should be aware of other costs associated with their accounts. Deposit and withdrawal fees may apply depending on the payment method chosen. Inactivity fees can be charged if an account remains dormant for an extended period. Platform usage fees may be applicable for certain features or services. Overnight interest, also known as swap rates, may affect positions held overnight, and currency conversion fees can apply when trading assets in different currencies.
