Evotrade Review: Evotrade.com A Circumspect Broker

Evotrade is an offshore broker that looks forward to allowing you to invest altcoins and stocks in one platform. They claim to have reached thousands of traders, and you too can start earning from their incredible services. They offer a demo account that you can use to familiarize yourself with the software. However, we recommend that you stick to the demo account and not invest your money with Evotrade.

 

The company exposes multiple red flags that should only prevent you from investing a single dime. Accordingly, you should consider several factors before you invest, don’t you think? The sales page for Evotrade is poorly done, and a lot of important data is missing on their website, which raises more doubts about their services.

Meanwhile, you can invest with these legit Cryptocurrencies brokers and earn sensible profits your way. Through well-known tried and tested techniques, you will earn profits while you invest safely with risk measures in place such as stop-loss take profit. Such techniques are important as the market faces high volatility, and just blindly investing will attract losses your way.

Even so, how Evotrade manages to generate profits for you is unknown and questionable. From the first glance at the website, you can easily notice the murkiness they expose. Hence if you are still in doubt as you read this unbiased review on Evotrade, you might reconsider your investment decisions.

Evotrade.com Review

Evotrade.com requires you to fill out personal data such as email and phone numbers. However, they do not reveal any information if the founders nor that of their employees. The person who controls your funds is unknown, and yet you expect to make profits.

Qualifications data have been left out, and you might end up relying on people who do not have any experience whatsoever how the trading world works. Also, not only are you exposing your money when you choose to invest with Evotrade. Personal data might end up in the hand of fraudsters

The kind of algorithm the software uses to generate profits is not known. Thus you will purchase trade tools that will not benefit you at all. They claim to be the right trading platform for professionals. Moreover, there is no professional investor in the right sense who would waste a single dime here, and you shouldn’t either. They do not have any educational materials for newbie traders. In addition, trading is not child’s play, and you should fully understand how the software works and have some knowledge of trading.

How Evotrade.com Operates

Evotrade.com does not have any trading activities, and you can affirm this due to the unavailability of trade history. You should find past trade data for some months to help you know what kind of returns you should expect.  So you might be in shock to realize that Evotrade is only attaining negative returns and are too ashamed to showcase similar results. They promise users high-quality brokerage services, and they showcase user statistics for the same.

They claim to have more than 45k users and 33,000+ active accounts. The trading volume is 35+ million, and this is the only information regarding how the company operates. They do not have any reliable strategies that help in generating profits for you. Scammers often use attractive bonuses and profit returns which are highly overestimated and tempting. However, once you fall for the catch, that ends any business between you and the company. They will cut off all sorts of communication with you.

To access its services, you can download the platform on Android and iOS devices. The trading platform they use is MetaTrader 5, which is the only good thing regarding the shady broker. You then have to register and find your account then start earning. Also, you can use the web-based platform, and nothing is sensible in explaining how the company works. Avoid Evotrade.com at all costs.

Evotrade Funds Safety

Evotrade has no measures in place to guarantee your funds are safe. In fact, their main interest seems to be the funds that you deposit. Therefore once you make a deposit, you will only make the anonymous founders rich. You do not know who is behind operations in the entity or the kind of qualifications they hold. The safety of your money should always be a priority, and any company such as Evotrade that shows murkiness should be avoided.

Also, the anonymous founders are the only ones benefiting from the software. They may be keeping your funds in personal accounts while you await profits they will never approach. When the due date approaches for your money, they will postpone the days further until you finally give up and let go of your money. They do not showcase any transactions for deposits and withdrawals to show customers can easily access funds.

Deposit and Withdrawals

Evotrade minimum deposit is $250, and they accept various funding options. You can deposit funds with; Payeer, Visa and MasterCard, web money, Bank transfer, and Free Kassa, among others. Evotrade does not have a refund policy for customers to claim back funds upon a certain time. Additionally, Cryptocurrencies and wire transfer options are irreversible. So you should use credit/debit methods here. You can request for chargeback up to 540 days after deposit.

Evotrade does not have any evidence to show traders can successfully withdraw funds after trading. However, they urge customers that all withdrawals are instant. This you may come across high commission costs on deposits and withdrawals. They may hold your money for a long time till you finally give up and let go of your funds.

Customer Support

Evotrade has a live chat section and a telephone contact+44(204)577-24-89. They also have email support@evotrade.com. There is no guarantee that you will receive any response to your query after you deposit funds.

 

They do not reveal any location address for their head office. Working customer support helps in building more trust between the customer and the company. Apparently, for Evotrade.com, anonymity is their main goal, and they hardly reveal any identity.

Evotrade Regulation Status

Evotrade features a telephone number that links to the UK. The FCA is responsible for regulation within the same region and does not know about Evotrade. Therefore they are illegally generating funds from the public across various countries. Also, it is illegal in many countries to access public funds without adhering to regulatory measures.

Nevertheless, regulated crypto brokers tend to survive the market for a long. You can easily find and verify the legal regulation certificates. Evotrade and other scammers, on the other hand, will make attempts to use false data or registration in place of regulation. There is a huge difference between the two, and you should not fall for the fake company number they showcase. The founders of the shady broker risk facing closure or criminal prosecutions, which explains why similar data is hidden.

Final Verdict

Evotrade does not have single positive feedback from any customer, yet they claim to benefit thousands of customers. They do not have any past trade data to show the kind of results you should expect from them. The entity showcase so many red flags that should only serve as a warning not to indulge in any trade activities with the company. They do not seem to have any reliable trading techniques, and you will end up losing all your funds.

Therefore you should consider investing with these Cryptocurrencies brokers and earn reasonable profits. Evotrade will not make any profits for you, and they are only after your hard-earned money. Accordingly, inviting people for affiliate purposes only exposes them to the vulnerability of becoming scam victims, and you should stay away from Evotrade.com and its services.

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