Evolve Markets is a legally registered forex broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.
In 2023, Evolve Markets also started operating outside of Mwali, where it is licensed and regulated by the Mwali International Services Authority (MISA).
Evolve Markets accepts clients from all over the world excluding USA and some jurisdictions that are embargoed by the US.
Forex broker offers the following underlying assets for trading.
|50+ Currency Pairs||Based on major and minor world currencies.|
|20+ Crypto Pairs||Based on on Bitcoin, Ethereum, Litecoin, Ripple, Solana, Polygon, Polkadot, Monero, Zcash, Tezos, EOS, Cardano and more.|
|10 Indice CFDs||Based on baskets of different blue-chip stocks.|
|6 Metal Spot CFDs||Based on Gold, Silver, Platinum, Palladium and Copper.|
|3 Energy Spot CFDs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
|20 Stock CFDs||Based on shares of the world's leading companies.|
Evolve Markets is an offshore forex, CFD, and cryptocurrency broker established in 2016. They are incorporated in the popular offshore jurisdiction St. Vincent and Grenadines, but unfortunately does not provide service to residents of the United States and a few other countries.
The broker distinguishes itself from other more traditional forex brokers by only accepting deposits and withdrawals in the popular cryptocurrencies bitcoin and litecoin, thus offering nearly instantaneous deposits and withdrawals. It is, however, not regulated by any financial regulator, but this also means that the broker can offer higher trading leverage and has the flexibility to deal with cryptocurrencies.
The company accepts deposits in cryptocurrency, bank cards, google pay, and some other forms. But the withdrawals are available only in the form of cryptocurrency. Withdrawals are completely free, which is almost unheard of in the forex industry. Although it is regulated by Mwali international services authority, the broker still offers higher trading leverage.
Evolve Markets offers their clients more than 50 currency pairs to choose from, in addition to crypto CFDs on 11 cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Ripple (XRP). Other available trading instruments include CFDs based on popular metals, as well as oil, natural gas, and a variety of global stock indices.
For Forex, available leverage goes up to 1:1000, and up to 1:500 for commodities and indices. With cryptocurrency trading, the leverage available is up to 1:100, which definitely provides a boost to a trader’s profit potential compared with the unleveraged crypto trading products normally available at other cryptocurrency brokers. As with other crypto brokers and exchanges, cryptocurrency trading with Evolve Markets is open 24 hours a day, 7 days a week.
Regarding trading platforms, Evolve offers all clients access to its own proprietary trading platform Evolve Webtrader. The platform is a browser-based online trading platform that offers access to markets with available traders favourite TradingView charts and tools, and seamless integration of trading platform and account management area. Evolve Markets also offers its clients the choice between the classic MetaTrader 4 and 5 platforms, as well as the standard web and mobile versions of the same platform. Evolve Webtrader and MT5 platforms offer a wider range of base currencies for trading accounts and more available cryptocurrency instruments.
Although trading fees do apply when trading with Evolve, the fees are stated explicitly on the broker’s website for increased transparency. Deposits and withdrawals, however, have no fees, but withdrawals are subject to a minimum amount of 0.001 BTC. There is no minimum deposit required to get started with Evolve. The company will also make sure that deposits are credited to your wallet, after 1 blockchain confirmation for BTC and LTC, and 32 for ETH, SOL and stablecoins.
Customer service is available through support, email, and Twitter. The website also allows clients to send a message with their inquiries, and the company promises to reply “as soon as possible within 24 hours.” The support team is available 24 hours a day, 7 days per week.
Most general inquiries are answered in the FAQ section provided, which ranges from questions about their trading platforms to account management and login details, as well as technical questions about the swaps and spreads offered.
The traders' education does not seem to be a focus area for the broker, and there is a very limited amount of content available that goes into detail on the crypto market and how it differs from forex and other markets. We assume this is either because the broker is focused on intermediate to professional traders that don't seek this information or it's because the broker is still fairly young and that this will improve over time.
One of the best brokers I've tried so far during my trading journey!
I've been using evolve for couple years now. Trading fees could be lower, maker discount for crypto for example, but I can't complain about anything else, crypto deposit and crypto trading accounts, great leverage and spreads, and NO withdrawal fees whatsoever, unlike all other fx brokers who always ripped me on withdrawals with their "payment service provider fees" of 5% or 10%.
Broker is legit and has good support. Been with them for a year and have no issues with withdrawals.
Been using Evolve without issues for 4 months now. Can't complain about anything.
Bad experience with this broker with scalping lag and lagging prices. Better results with other BTC brokers.
This broker has very high SWAPs especially if you have leverage of 1:500 which is very good but this high swap is unbelievable. On the other hand, I was making deposits and withdrawals without any problems.