EverFx Zero Cost Trading, really? | Forex Factory

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EverFx Zero Cost Trading, really?

  • #1
  • First Post: Jun 13, 2017 11:22am Jun 13, 2017 11:22am
Hey guys and gals,

This is my first ever thread. I have been snooping in out of FF for years now. Just a quick mention on this Broker. EverFX is promoting 0 cost trading, I got this straight from their website:

WHAT IS ZERO COST TRADING?
With Zero Cost Trading, your commissions and spreads are reduced to maximise your trading experience. Less stress, less costs, more excitement – more great trading!

  1. Deposit From $300
  2. 0 Commission
  3. Spreads From 0 Pips
  4. Trade From 0.01 Lots
  5. Negative Balance Protection


Did you read that guys ? 0 % commission, Spreads from 0 pips? Really... Okay so my question is, is this too good to be true ? How does this broker even make money on 0 pip spread and 0 % commission.

EverFx is promoted on FF so I am guessing this is pretty legit.

I am currently using a Demo account with EverFx and it seems pretty awesome. Really low spread, but difienitly not 0 pips.

Whats your opinions on this guys ? Anyone using EverFx LIve account ? If so, do you recommend them ? Do you really get 0 pip spreads ? This seems like a promotional offer or something ?

Thanks for the read

  • #2
  • Jun 14, 2017 4:59am Jun 14, 2017 4:59am
Too good to be true, mate. Definitely there is some catch. The broker has to cover at least its operational costs somehow.
  • #3
  • Jun 14, 2017 6:19am Jun 14, 2017 6:19am
Quoting g0ds0n
Hey guys and gals, This is my first ever thread. I have been snooping in out of FF for years now. Just a quick mention on this Broker. EverFX is promoting 0 cost trading, I got this straight from their website: WHAT IS ZERO COST TRADING? With Zero Cost Trading, your commissions and spreads are reduced to maximise your trading experience. Less stress, less costs, more excitement more great trading! Deposit From $300 0 Commission Spreads From 0 Pips Trade From 0.01 Lots Negative Balance Protection Did you read that guys ? 0 % commission, Spreads from...
https://www.everfx.com/online-tradin...account-types/
https://www.everfx.com/

Open their website and you will see their live spreads (far away from 0) and you will find that they take 3 USD commission per lot.

Take a look at comparison of different broker's spread.
Attached Image (click to enlarge)
Click to Enlarge Name: capture1.jpg Size: 173 KB

One more thing, every broker can promote here. I saw many scams on forex factory advertisements.
  • #4
  • Jun 15, 2017 3:30am Jun 15, 2017 3:30am
Quoting UlliC
Too good to be true, mate. Definitely there is some catch. The broker has to cover at least its operational costs somehow.
Yeah I thought so, I am looking for a low spread, trustworthy broker in the U.K. Seems like IG Group is my best option ?
  • #5
  • Jun 16, 2017 2:58am Jun 16, 2017 2:58am
Quoting g0ds0n
{quote} Yeah I thought so, I am looking for a low spread, trustworthy broker in the U.K. Seems like IG Group is my best option ?
LMAX is better option.
  • #6
  • Jun 23, 2017 6:42am Jun 23, 2017 6:42am
Quoting insomniawawa
{quote} LMAX is better option.
I'll give them a try, do you know if they are an ECN broker ?
  • #7
  • Jun 26, 2017 12:26pm Jun 26, 2017 12:26pm
If you check their accounts, you can see that they charge commission depending on the account type. For standard account it is $6 per lot round turn. However, if you go to promotions tab on their website, they do offer 0 cost conditions. From what it says on the website, the promotion lasts until June 30.

Quote - Log into your EverFX standard account now and enjoy as many zero cost currency trades as you can handle before 30.06.17.

So it seems it is the part of the ongoing promotion.
  • #8
  • Last Post: Jun 27, 2017 2:59am Jun 27, 2017 2:59am
Quoting g0ds0n
{quote} Yeah I thought so, I am looking for a low spread, trustworthy broker in the U.K. Seems like IG Group is my best option ?
I use activtrades, never had problem. 0.5 in EURUSD all in. Cheapest there is. Good for Euro session but Asia spreads are a little higher as I believe its Dealing desk,
myfxbook DOT com/members/TopTradeBot
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