Evohedge Traders has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Evohedge Traders has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Economic calendar|Regular platform improvements|Fast execution|Great customer service
Cons: Mobile app could be improved|No fractional shares
My withdrawal request from Evohedge Traders has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Easy withdrawals|Personal attention
Cons: Help articles are sometimes vague|Wish they had more educational resources
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Evohedge Traders said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Excellent charting|Multi-currency support|Multiple order types|Responsive team
Cons: Minimum deposit could be lower
The platform itself is okay, but the customer service at Evohedge Traders is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Multi-currency support|Automated trading options|Clean UI|Competitive fees
Cons: No phone support on weekends
Customer support at Evohedge Traders seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Good analytical tools|Easy to use platform|Good mobile app
Cons: No integrated tax optimization|Mobile app could be improved
I was about to invest with Evohedge Traders but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database
Evohedge Traders offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Multi-device support|Portfolio tracking tools
Cons: Limited social trading features
I want to warn everyone about Evohedge Traders. They have been flagged by Financial Conduct Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
The reporting at Evohedge Traders is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Multi-currency support|Real-time alerts|Instant funding
Cons: Inactivity fee applies after 12 months|Limited cryptocurrency options
I had a dispute with Evohedge Traders and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Fast support response|Demo account available|Great customer service
Cons: Website design could be more modern