Evotrade-Overview of Minimum Deposit, Spreads & Leverage

General Information

Evotrade is presented as a Seychelles-based broker that provides its customers with supreme trading platforms and different kinds of trading assets. It also claims that it offers up to 1:200 leverage, attractive low spreads, as well as a choice of six account types.

Account Types

There are six trading accounts offered by Evotrade, namely Micro, Bronze, Silver, Gold, Platinum, Diamond-VIP. The minimum initial deposit to start a Micro account is $250, while the other five accounts require much higher initial capital, $1,000, $5,000, $10,000, $25,000, and $100,000 respectively.

Leverage

In terms of trading leverage, the maximum level offered by Evotrade is pretty high, up to 1:200, yet too high leverage is not always beneficial for traders, because leverage gains are consistent with losses.

Spreads & Commissions

The spreads of all account types is starting with 0.6 pips. However, other specific information about spreads and commissions are not concerned directly on Evotrades website at the time of writing this introduction.

Trading Platform Available

When it comes to trading platforms available,Evotrade gives traders a choice of MetaTrader5. MT5, as the industry standard, is renowned for its powerful automated trading features and much more. It is one of the most successful, efficient, and competent forex trading software.

Deposit & Withdrawal

Evotrade accepts deposit or withdrawal via bank wire, credit/debit cards, WebMoney, Payeer, Qiwi, and other e-wallets. The website also shows that all account types supports deposit via Skrill and withdrawal via Bank transfer. However, if have not achieved 200 trades, you will have to pay at least $25 for a withdrawal and be hit with a 10% levy. Please note that if you do not access and trade from your account within 6 months, your account will be considered dormant and be debited 10% every month.

Customer Support

Evotrades customer support can be reached through telephone: +442045772489, email: support@evotrade.com. Company address: TechWare Limited Gateway 8, Rue de la Perle, Providence, Mahe, Seychelles.