deVere Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-16 12:19

Abstract：deVere, founded in 2002 in the United States, is an unregulated global financial advisory and trading platform. It mainly offers forex trading.

　　Note: deVere's official website: https://www.devere-fx.com is currently inaccessible normal.

deVereReview Summary
Founded	2023
Registered Country/Region	United Kingdom
Regulation	FCA (Revoked), VFSC (Suspicious clone)
Market Instruments	Forex
Demo Account	✅
Leverage	Up to 1:500
EUR/USD Spread	From 0.1 pips
Trading Platform	deVeres online trading platform
Min Deposit	$100
Customer Support	Phone: 971 4 383 6000, +971 55 591 7033
Customer Support	Email: csvglobal@devere-group.com

　　deVere, founded in 2002 in the United States, is an unregulated global financial advisory and trading platform. It mainly offers forex trading.

Pros and Cons

Pros	Cons
/	No regulation
	Unavailable Website
	Limited trading instruments
	No MT4/5

Is deVere legit or a scam?

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Regulatory Status
	United Kingdom	deVere Foreign Exchange Limited	Payment License	613238	Revoked
	Vanuatu	EightCap Global Ltd	Retail Forex License	40377	Suspicious Clone

What Can I Trade on deVere?

　　deVere focuses on foreign exchange (forex) trading. It provides access to a comprehensive selection of currency pairs, including major currencies like the USD, EUR, JPY, GBP, and CHF, which form the core of its forex offerings.

Trading Asset	Available
forex	✔
metals	❌
commodities	❌
indices	❌
energies	❌
stocks /shares	❌
cryptocurrencies	❌
options	❌
funds	❌
ETFs	❌

Account Type/Leverage/Spread & Commission

Feature	Private Client	Corporate Client
Account Type	Private	Corporate
Leverage	Up to 1:500	Up to 1:200
EUR/USD Spread	From 0.1 pips	From 0.5 pips
Commission	Tiered, from $0.02 per side	Negotiated
Minimum Deposit	$100	$10,000
Demo Account	✔	✔
Suitable for	Individual traders prioritize cost efficiency and smaller trading volumes	Businesses and institutional clients with larger trading volumes and specific strategies

Trading Platform

　　deVeres online trading platform is designed to facilitate international payments for foreign exchange clients. It operates 24/5 for flexibility. Key features include live market rates for real-time price monitoring.

Deposit & Withdrawal

　　deVere offers a Regular International payment service designed for individuals with the need to send a fixed amount overseas regularly. The service is optimized for regular transfers ranging between £500 and £10,000 per month over a minimum period of 6 months.