Evolve Markets Review

Minimum Deposit: $1 VISIT BROKER
Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Evolve Markets Review

Summary

Evolve Markets is an online CFD broker that allows traders to deposit, withdraw and trade in cryptocurrencies. The broker was founded in 2016, and its headquarters are located in St. Vincent and the Grenadines. Evolve Markets offer CFDs of popular asset classes such as cryptocurrencies, forex, indices, commodities, and stocks to trade with three trading platforms. The broker offers popular trading platforms from MetaQuotes and a web trader at very low trading fees. However, the broker doesn’t offer many educational and research resources or tools. They are also not regulated which may deter some traders. If you would prefer to trade with a regulated broker, please feel free to explore our broker ratings for some alternatives.

7Expert Score
Evolve Markets Rating

Crypto-first trading platform delivering secure access to global markets. Create an account in less than a minute and deposit crypto for instant access to leveraged margin trading.

Trading Products
7
Commissions and Fees
8
Platforms and Tools
8
Research and Education
6
Deposit and Withdrawal
6

Evolve Markets Review

Pros and Cons

Evolve Markets is an option for those who want to trade anonymously with cryptocurrencies. The broker offers trading via the user-friendly MetaTrader, and clients can open an account in no time with very little information required. Clients can choose a cryptocurrency as their base currency. In addition, the broker offers trading at very competitive costs. On the other hand, Evolve Markets is an offshore and unregulated broker. The broker does not allow any other payment option except cryptocurrencies. In addition, the broker has a very limited product portfolio, only one account type, and limited educational resources.

Pros
  • Cryptocurrency trading
  • Fast account opening
  • MT4, MT5, and WebTrader
  • Crypto wallets
  • No deposit or withdrawal fee
  • No minimum deposit
  • Cold storage
  • Multiple asset classes
  • Cryptocurrency settlements
  • Cryptocurrencies as base currencies
  • Low trading costs
  • Swift order executions
  • No inactivity fees
  • 24/7 support
Cons
  • Unregulated broker
  • Crypto payments only
  • Limited educational resources
  • Limited market research tools
  • No Islamic accounts

Evolve Markets Review

Trading Products

Evolve Markets offers over 100 financial instruments over five asset classes. You can choose from CFDs of cryptocurrencies, forex, commodities, indices, and stocks to trade. Although the broker has a limited product portfolio compared to some other brokers, the trading conditions are very competitive. The broker lags in offering options, bonds, and ETFs. If you are looking to trade those along with cryptos, you might want to consider AvaTrade instead.

Evolve Markets Instruments Summary

InstrumentsEvolve Markets
Forex
Stocks
Indices
Commodities
Cryptos
Optionsx
Bondsx
ETFsx
CFDs
Evolve Markets Instruments

Evolve Markets Review

Commission and Fees

Commission and Spread Fees

Evolve Markets offers trading with very low raw spreads on STP and ECN accounts with well-defined and low commission fees. The broker’s trading fees for different asset classes are as follows:

Asset Class Trading fees
Cryptocurrencies0.075%
Forex   0.0035%
Indices 0.0035%
Commodities    0.0035%
Stocks  0.0035%
Evolve Markets Fees

Summarised trading costs of the broker are as follow:

Fee STP Account
Commission (per standard lot per side)0.0035%
Spreads from0.0
Evolve Markets Fees

Deposit and Withdrawal Fees

Evolve Markets is ahead of its competitors regarding deposit and withdrawal fees, as there is no fee charged. However, a transaction fee might be applied by the crypto wallet and there can be signficant blockchain fees.

Inactivity Fees

Evolve Markets does not charge inactivity fees from its dormant account where any trading activity has not been conducted in a while.

Evolve Markets Review

Platforms and Tools

Evolve Markets offers a variety of trading platforms to its clients of all levels. Beginner traders can use MetaTrader 4 and trade with this most user-friendly and simple trading platform. On the other hand, advanced traders can use MetaTrader 5 to trade multi-asset classes with more advanced options. In addition, the broker also offers a proprietary web trading platform as well.

MetaTrader 4 (MT4)

MetaTrader 4 (MT4) is pretty similar to MetaTrader 5, although it has fewer features and capabilities. Despite this, it is still one of the most popular online trading platforms for traders all over the world. It is incredibly user-friendly, making it a good platform for new traders while providing ample capability for more experienced investors. MT4 is accessible via desktop, online, and mobile devices via a modern and leek trading app. Here are the salient features clients of Evolve Markets can enjoy while trading via MT4:

  • Real-time market quotes
  • 73 trading instruments excluding stock CFDs
  • 11 timeframes and 3 chart types
  • Automated trading with Expert Advisors (EAs)
  • Instant, market, and pending orders
  • Customisability
  • Technical indicators and charting objects
  • Push notification
  • MetaQuotes marketplace
  • Bitcoin as the base currency
  • Scalping and hedging
  • Available of desktop, web browsers, iOS, and Android devices
Evolve Markets MT4 Platform
Evolve Markets MT4 Platform

MetaTrader 5 (MT5)

The popular and sophisticated MetaTrader 5 (MT5) trading platform is also available to Evolve Markets clients. MT5 is a very versatile trading platform with lots of advanced features and funtionalities to take your trading to the next level. For those of you who want to trade stock CFDs, you will need to use MT5. MT5 not only contains all the salient features of MT4 but several additional features as well. Here are the features of MetaTrader 5:

  • Real-time price quotes
  • Depth of market (DOM) pricing
  • Fully customisable
  • Chart templates
  • 21 timeframes
  • Multiple order types
  • Technical indicators
  • Charting objects
  • MQL Expert advisors (EAs)
  • MQL programming interface
  • Multi-currency strategy tester
  • Push notifications
  • Available on the desktop, web browser, Android, and iOS devices
Evolve Markets MT5 Platform
Evolve Markets MT5 Platform

Evolve Markets Web Trading Platform

Signing up with Evolve Markets will enable you to use the broker’s straightforward trading interface on the web, desktop, or mobile devices for trading on the go. The Evolve WebTrader is a lightweight and fast online trading platform with an intuitive, modern design and a comprehensive set of tools, indicators, and features for a comfortable online trading experience, regardless of your level of expertise.

Evolve Markets Webtrader Platform
Evolve Markets Webtrader Platform

Evolve Markets Platforms Summary

PlatformEvolve Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTraderx
Proprietary
Desktop
Web
Mobile
Social Tradingx
Other x
Evolve Markets Platforms

Evolve Markets Review

Research and Education

Evolve Markets does not provide any educational resources to help traders enhance their trading expertise. This is a little disappointing because most brokers provide a learning centre for beginning traders that contains lesson videos, trading guidelines, webinars, and other resources. In addition, the broker does not offer any other educational or research resources such as Autochartist, Trading Central, an economic calendar, and trading calculators.

It would be a beneficial addition if Evolve Markets included any of the mentioned tools in their services. However, the broker offers a blog area where they discuss a variety of subjects regarding their services. The broker’s website features a help section with plenty of answers to some of the most typical queries you could have about their services. If you are a beginner and looking for as much educational content as possible, Admirals have a great selection.

Evolve Markets Research and Education Summary

ResourcesEvolve Markets
Market Analysisx
Guides
Videosx
Webinarsx
Autochartistx
Trading Centralx
Economic Calendarx
Otherx
Evolve Markets Resources

Evolve Markets Review

Deposit and Withdrawal

Evolve Markets only offers deposit or withdrawal via cryptocurrencies as the only payment method. This is very limited when compared to most brokers such as XM Group who provide bank transfer, card payments and e-wallet funding. There is no deposit or withdrawal fee or any minimum deposit requirement. However, the minimum withdrawal in different cryptocurrencies are as follows:

Withdraw In Minimum Withdraw
Bitcoin 0.001 BTC
Ether0.01 ETH
Evolve Markets Withdrawal

Evolve Markets Funding Summary

The payment methods available are as follows:

Payment MethodDepositWithdrawal
Wire Transferxx
Credit/debit Cardxx
Electronic Walletsxx
Cryptos
Evolve Markets Funding Options

Evolve Markets Review

Regulation and Safety

Evolve Markets operates from St. Vincent and the Grenadines, and its parent company Evolve Markets Ltd is registered in the country. The country has very limited or negligible requirements for registering a company. Therefore most of the offshore companies tend to register here. Evolve Markets is not authorised or regulated by any other government regulatory authority. It would increase the broker’s credibility if it could get a license from some top-tier regulatory body. If you would prefer to trade with a regulated broker, then IG are one of the most well-regulated brokers that you will find.

Evolve Markets Regulation Summary

RegulatorEvolve Markets
ASIC (Australia)x
IIROC (Canada)x
CySEC (Cyprus)x
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
FCA (UK)x
CFTC (USA)x
Otherx
Evolve Markets Regulators

Evolve Markets Safety

Evolve Markets deals only in cryptocurrencies. Therefore it is not connected to any centralised banking system and claims to keep its clients’ funds in offline cold storage. So that the information related to their cryptocurrency wallets cannot be hacked and their clients’ funds remain safe with them.

The broker’s parent company Evolve Markets Ltd is an International Business Company IBC and registered offshore. Hence the broker is not authorised or regulated by any government regulatory authority.

Evolve Markets works strictly with applicable rules and regulations and follows IBC jurisdiction globally as a registered International Business Company. Consequently, the broker is able to offer certain trading conditions that some regulated brokers cannot since it has no regulatory brokerage or financial licence in any nation.

Evolve Markets Review

Client Support

Evolve Markets offer customer support via email communication on their website. There is no way to contact the support via phone or live chatbox on the website. However, clients can contact support via live chat on the broker’s WebTrader. Finally, the broker offers 24/7 customer support via email.

Evolve Markets Review

Conclusion

Because Evolve Markets exclusively funds accounts in cryptos, it allows cryptocurrency users to trade in forex stocks, indices and more. It does it without demanding any kind of identification verification. Evolve Markets’ approach to account management will appeal to those who value their privacy. However, some potential users may be concerned by the current lack of regulation.

Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

Evolve Markets Review

FAQs

When was Evolve Markets founded?

Evolve Markets was founded in 2016.

Where is Evolve Markets located?

Evolve Markets is located in St. Vincent and Grenadines.

Is Evolve Markets regulated?

Unfortunately, Evolve Markets is not a regulated broker.

What trading instruments does Evolve Markets offer?

Evolve Markets offers more than 100 CFDs trading instruments in popular classes such as forex, cryptocurrencies, commodities, indices, and stocks.

What is Evolve Markets minimum deposit?

Evolve Markets requires no minimum deposit.

What trading platforms does Evolve Markets offer?

Evolve Markets offer proprietary WebTrader, MT4, and MT5 trading platforms.

What is Evolve Markets commission fee?

Evolve Markets charges a minimum commission fee of 0.0035%.

Does Evolve Markets charge an inactivity fee?

Evolve Markets does not charge its dormant accounts with an inactivity fee.

What are Evolve Markets spreads?

Evolve Markets offers both variable and fixed spreads starting from as low as 0.0 pip.

What funding options does Evolve Markets offer?

Evolve Markets only offers cryptocurrencies as its sole funding option.

Does Evolve Markets offer demo trading?

Yes, Evolve Markets do offer demo trading accounts.

Does Evolve Markets offer Islamic accounts?

Evolve Markets does not offer Islamic accounts.

How do I contact Evolve Markets customer support?

Evolve Markets’s support can be contacted via email 24/7. You can also contact support via live chat on its WebTrader.
Evolve Markets Review
Evolve Markets Review
Minimum Deposit: $1
Richard Montana

Richard Montana

Richard has spent many years researching, testing, comparing and reviewing brokers. He has an extensive knowledge when it comes to understanding what to look for in a broker for trading and investing online.

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