What Is Evelve？
Evelve is a financial services company based in China, offering brokerage and loan services to its clients. It lacks regulation and provides only scarce information on trading conditions on the official website.
Pros & Cons
Pros:
App Available: Clients have the convenience of accessing Evelve's services through its dedicated mobile application, allowing for trading on-the-go and easy portfolio management.
24/7 Live Chat: Evelve offers round-the-clock customer support via live chat, which means users can contact them immediately at any time.
Cons:
No Regulation: Evelve operates without regulatory oversight, which raises concerns about the safety and security of client funds and trading practices.
No Presence on Social Media: The absence of a social media presence limits transparency, since most of the brokers/financial companies have their own social media accounts.
Handling Fees Charged: Evelve imposes handling fees, albeit with a low minimum of 0.01%, which impacts the overall cost-effectiveness of trading on the platform.
Is Evelve Safe or Scam？
Regulatory Sight: Evelve is currently functioning without any regulation, meaning it does not fall under the supervision of any financial regulatory bodies and does not possess any licenses to operate in the financial market. The absence of any such oversight raises concerns about the firms adherence to financial standards and regulations, increasing the risk for investors.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this broker.
Products & Services
Brokerage: Evelve provides brokerage services across various asset classes, including:
Forex: Trading in foreign exchange markets.
Crypto: Trading in cryptocurrencies.
Stock: Trading in stocks and equities.
Spot: Trading in spot markets for commodities, currencies, and other assets.
Index: Trading in index-based instruments representing a basket of securities.
Loans: These loans include personal loans, business loans, and other forms of credit facilities tailored to the needs of their clients.
Commission
Evelve charges a handling fee of 0.01%, with a minimum commission applied. This fee structure implies that clients will incur a charge equivalent to 0.01% of the transaction value, so even small transactions are subject to a minimum commission to cover the costs associated with executing trades.
Trading Platform
Evelve offers two trading platforms: the Evelve App and Evelve Web Trader. The Evelve App provides convenient access to trading on-the-go, allowing users to execute trades, monitor their portfolios, and access market data directly from their mobile devices.
On the other hand, Evelve Web Trader offers a comprehensive web-based platform accessible via internet browsers, providing similar functionalities as the app for users who prefer trading on desktop or laptop computers.
Both platforms are designed to offer a user-friendly interface, advanced charting tools, and real-time market updates to enhance the trading experience for Evelve clients.
Customer Support
Evelve offers customer support primarily through its 24/7 live chat feature. This means clients can reach out to the support team at any time directly through the platform for assistance with inquiries, technical issues, or general support needs.
However, Evelve doesn't provide other contact information, such as phone numbers or email addresses, on its official website, which can be a bit limited.
Conclusion
Evelve is a non-regulated financial company, that allows users to trade on the go. It does not have presence on social media, and its customer support is only available via live chat on its official website. We do not recommend users to trade with Evelve.
Frequently Asked Questions (FAQs)
Q: Is Evelve regulated or not？
A: No, it is not regulated.
Q: When can I contact Evelve's customer service？
A: You can contact them via live chat 24/7, which means any time.
Q: Does Evelve charge any fees？
A: Yes, a minimum handling fee of 0.01% is charged.
Q: Does Evelve have an app or not？
A: Yes, it does.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
