EverTrader Review: Buy First and Think Later Is the Motto

This company is an exact definition of a mixed bag. The firm offers average conditions over the bord, in line with the competition for most intents and purposes. It is a legally registered entity from an EU nation, but is partnered with an unpopular offshore brokerage.

The worst thing, however, is that the majority of financial information is hidden behind a paywall. See our analysis in more detail in this EverTrader review.

Who Owns EverTrader Brand?

The EverTrader prop firm is owned and operated by a Czech company called FinovaTech s.r.o. As a limited liability company, this conduct is found in the state register of incorporated business entities:

While their main economic activity is information and technology activities, there’s a plethora of other economic activities they allegedly conduct. From demolition and site preparation to travel agency activities, it looks like this firm is registered to do just about anything!

Either way, the entity seems legitimate, although new and not entirely transparent about who leads the firm. They are present on social networks, such as Facebook, YouTube, TikTok, X and Instagram, where they passionately promote their services.

Furthermore, EverTrader reviews reveal nothing but satisfaction of clients with the overall service and treatment. This is especially evident on Trustpilot and TenereTeam. 

EverTrader Platform Overview

The broker that this prop firm is affiliated to is not all that known or generally popular in the online trading world. Exfor is regulated, but only by LFSA (Labuan) which is not a reliable regulator at all.

Without a Tier 1 license, this brokerage can’t be considered safe for trading, since it doesn’t differ much from the offshore prop trading firms like FT5. More reliable proprietary trading options await you on our site.

As for the trading platform available, EverStation Pro can be used in the desktop, mobile or web version. Download is available after you register for your EverTrader login.

This trading software solution is based on TradingView charts. While it offers some basic chart customization tools, there are also some of the advanced analytical features and a number of indicators, as well.

In a combination with trading tools like Replikanto, you might even achieve some lucrative results. It still doesn’t stand up to the industry giants, however, like MetaTrader and cTrader. 

Trading on this portal is done in a simulated environment during the EverTrader evaluation stages. There is a 2 Phase evaluation option, that includes these account sizes and refundable fees:

For the more confident traders, it is possible to just pick the 1 Phase Evaluation plan as according to the following account comparison table:

When it comes to the trading conditions provided, leverage varies up to 1:100 on Forex pairs, but the full disclosure of these terms is available on the site. There’s less insight provided when it comes to spreads, but these values are shown inside the platform. Trading commission is just 1.5$ per lot traded.

How to Request a Payout?

Starting profit split with the company is 80%, which is comparable to the majority of competition. However, the company is willing to offer a larger profit split for users of the EverTrader funded account who successfully participate in the so-called Progressive Plan.

The split is increased to 85% and subsequently to 90% over the course of 8 months. It also comes paired with an increased funding of 25% each 4 months, up to the maximum of $1 million. The plan is restricted by a consistency rule which requires a 10% profit over 4 months, with only 2 allowed payouts.

Speaking of payouts, the site is not overly transparent about conditions. Instead of the Terms and Conditions document, you’ll have to rely on the FAQs for any withdrawal information which in all honesty is not very reassuring.

Furthermore, new users will not be able to access any payment information unless they have already purchased a challenge. At least EverTrader fees are said to be refundable for each challenge type, but we could not verify this.

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