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Evergrow Capital LTD

Saint Lucia|1-2 years|
Suspicious Scope of Business|High potential risk|

https://www.evergrowcapitals.com/

Website

Rating Index

Contact

support@evergrowcapitals.com
https://www.evergrowcapitals.com/
Ground floor , The Sotheby Building, RodneyBay , Gros - Islet , Saint Lucia

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away! 2
Previous Detection : 2024-06-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Evergrow Capital LTD · WikiFX Survey

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Evergrow Capital LTD · Company Summary

Evergrow Capital LTD Review Summary
Registered Country/Region Saint Lucia
Regulation No Regulation
Market Instruments Forex, Commodities, Indices, Stocks, Futures
Demo Account Available
Maximum Leverage 1:500
Spread EUR/USD Avg spreads from 0.1 pips; raw spreads from 0.0 pips
Trading Platforms MetaTrader5
Minimum Deposit N/A
Customer Support Email: support@evergrowcapitals.com
Address: Ground floor, The Sotheby Building, RodneyBa, Gros - Islet Saint Lucia, SaintLucia
Contact form (24/7 support)

What is Evergrow Capital LTD?

Evergrow Capital LTD is an unregulated trading platform that offers its clients access to a comprehensive suite of financial instruments across various asset classes, such as Forex, Commodities, Indices, Stocks, and Futures. It provides several account types with varying spreads, commission structures, and minimum deposit requirements to cater to different investor needs and styles. The platform also provides MT5 trading platforms and accepts a multitude of forms of payments for deposits and withdrawals.

Evergrow Capital LTD's homepage

Pros & Cons

Pros Cons
  • Wide Range of Trading Instruments
  • No Regulation
  • Multiple Account Types
  • Multiple Customer Support Channels

Pros:

  • Wide Range of Trading Instruments: Evergrow Capital LTD offers a diverse selection of trading instruments across various asset classes, including forex, commodities, indices, stocks, and futures.

  • Multiple Account Types: The platform offers diverse account types, including the ECN Account, ELITE Account and PRO Account, catering to various trading needs and experience levels.

  • Multiple Customer Support Channels: Evergrow Capital LTD provides various customer support channels including email, address, and contact form, enhancing accessibility and assistance for clients.

Cons:

  • No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency. There are also reports of being unable to withdraw and scams, adding to the cons of the platform.

Is Evergrow Capital LTD Legit or a Scam?

Evergrow Capital LTD currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.

No license

Market Instruments

Evergrow Capital LTD provides a comprehensive array of trading instruments covering diverse asset classes, catering to the varying investment preferences of its clients. Traders have access to the dynamic and liquid forex market with over 61 currency pairs, where they can engage in trading major and minor currency pairs. Additionally, the platform offers opportunities to trade commodities, including precious metalslike gold and silver, as well as energy resources such as oil.

forex
Commodities

For those interested in broader market trends, Evergrow Capital LTD facilitates trading in indices representing global markets, enabling traders to capitalize on overall market performance. Moreover, clients can invest in individual stocks, gaining exposure to shares of prominent companies across different sectors and regions. Furthermore, the platform extends its offerings to futures contracts, allowing traders to speculate on the future price movements of various assets.

Indices
Stocks
Futures

Account Types

Evergrow Capital LTD caters to the diverse needs of traders by offering a range of account options designed to suit different trading preferences and risk tolerances.

The ECN account stands out for its competitive features, including spreads from 0 pips, allowing traders to access favorable pricing conditions. Additionally, the minimum order size of 0.01 ensures accessibility for traders of all levels.

For those seeking a balance between premium features and affordability, the ELITE account offers spreads from 1.0 pips. Similarly, the PRO account caters to traders looking for a cost-effective solution with spreads from 1.5 pips.

Account comparison

How to Open an Account?

  • Step 1: Click the button ''GET STARTED'' on the homepage.

Click the button ''GET STARTED''
  • Step 2: Follow the on-screen instructions to input your personal and contact details.

fill in personal details
  • Step 3: If you are interested in becoming an lB, tick the box and follow the on-screen instructions to input the information.

Are you interested in becoming an lB?
  • Step 4: Click on the ''SUBMIT'' option to finalize the creation of your account.

  • Step 5: An email will typically be sent to your registered email address to verify your account. Ensure to check your inbox and spam folders.

  • Step 6: Click on the link received in the verification email to activate your account.

Leverage

Evergrow Capital LTD provides its clients with flexible leverage options across different asset classes to accommodate varying trading preferences and risk tolerances. For Forex and Commodities trading, clients can access leverage of up to 1:500, allowing them to control larger positions in the market with a relatively small amount of capital. This higher leverage ratio empowers traders to amplify profits while carefully managing risk exposure.

Meanwhile, for Indices and Futures trading, Evergrow Capital LTD offers leverage of up to 1:200, providing traders with ample flexibility to capitalize on market opportunities while maintaining prudent risk management practices.

Spreads & Commissions

Evergrow Capital LTD prides itself on offering competitive spreads and transparent pricing structures to its clients. With average spreads for the EUR/USD pair starting from as low as 0.1 pips, traders can benefit from tight pricing, minimizing trading costs and maximizing profits.

For those seeking even tighter spreads, Evergrow Capital LTD offers raw spreads from 0.0 pips, ensuring that traders can access the most favorable pricing conditions available in the market. What's more, the platform distinguishes itself by charging no commissions on trades, further enhancing the cost-effectiveness of trading activities.

Trading Platforms

Evergrow Capital LTD prides itself on offering the industry-leading MetaTrader5 (MT5) trading platform to its clients. MT5 is renowned for its advanced features, robust trading tools, and user-friendly interface, making it a preferred choice for traders worldwide. With MT5, clients can execute trades with precision and efficiency, access real-time market data, and utilize a wide range of analytical tools to make informed trading decisions.

Moreover, MT5 is available on multiple devices, including desktop computers, web browsers, and mobile devices, ensuring that traders can stay connected to the markets and manage their portfolios anytime, anywhere. With Evergrow Capital LTD's adoption of MT5, clients can experience seamless and reliable trading experiences that facilitate their journey toward financial success.

MT5

Deposits & Withdrawals

Evergrow Capital LTD prioritizes convenience and efficiency when it comes to deposits and withdrawals, offering multiple trusted payment methods for clients to choose from. Whether using Mastercard, VISA, PayPal, Skrill, or NETELLER, clients can securely transfer funds with ease, ensuring a seamless trading experience. With instant and timely deposits, clients can quickly fund their accounts and take advantage of market opportunities without delay.

Moreover, Evergrow Capital LTD facilitates fast withdrawals, allowing clients to access their funds promptly when needed. What's more, the platform ensures transparent and cost-effective transactions by offering 0% commission on all deposits and withdrawals, enabling clients to maximize their trading capital without incurring additional costs.

Deposits & Withdrawals

Customer Service

Evergrow Capital LTD provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.

  • Email:support@evergrowcapitals.com

  • Address: Ground floor , The Sotheby Building, RodneyBay , Gros - Islet , Saint Lucia , SaintLucia

  • Office Hours: Monday - Saturday (AEDT) 07:00 - 07:00, Sunday - Friday (GMT) 22:00 - 22:00

  • Contact form (24/7 support)

Contact form

Conclusion

In conclusion, Evergrow Capital LTD offers an extensive range of trading instruments, various account types, a high maximum leverage, MT5 trading platforms, and a wide range of accepted payment methods, making it an advantageous platform for various investors with varying investment styles and goals. However, the lack of valid regulation raises significant concerns about the safety and trustworthiness of the platform.

Frequently Asked Questions (FAQs)

Question 1: Is Evergrow Capital LTD regulated?
Answer 1: No. It has been verified that this broker currently has no valid regulation.
Question 2: Does Evergrow Capital LTD offer demo accounts?
Answer 2: Yes.
Question 3: Does Evergrow Capital LTD offer the industry leading MT4 & MT5?
Answer 3: Yes. It offers MT5.
Question 4: At Evergrow Capital LTD, are there any regional restrictions for traders?
Answer 4: Evergrow Capital LTD does not provide services for citizens/residents of the United States, Cuba, Iraq, Myanmar, North Korea, Sudan.

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.

Broker Information

Company Name

Evergrow Capital LTD

Company Abbreviation

Evergrow Capital LTD

Regulatory Status

No Regulation

Platform registered country and region

Saint Lucia

Phone of the company

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YouTube

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Company address
  • Ground floor , The Sotheby Building, RodneyBay , Gros - Islet , Saint Lucia

Linkedin

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WhatsApp

--

QQ

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WeChat

--

Customer Service Email Address
  • support@evergrowcapitals.com

Company Summary

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