Evolve Markets review: Deposit methods, trading platforms, investment instruments and client ratings.

4.059 • 21 REVIEWS
Dom Maklerski TMS Brokers SA
Updated: Mar 6, 2024

5 star review by Alex888, Argentina

I love evolve markets ,

The concept is awesome , and trading conditions are every good .
I needed their support team and they helped me...
Deposits and withdrawals are always fast .
I recommend 100% ...

What is Evolve Markets?

Evolve Markets is an unregulated Cryptocurrency and Forex offshore broker established in 2016. This broker accepts only cryptocurrency deposits and withdrawals and features high leverage of 1:1000.

Evolve Markets does not accept the traders from US. Clients from other countries are offered a choice of MT4 and MT5 platforms by MetaTrader including desktop and mobile support and TradingView web trading platform.

EvolveMarkets trading and investment instruments include over 50 currency pairs, popular cryptocurrencies as well as stocks, indexes, precious metals and commodities as CFDs.

Please read Evolve Markets Reviews below and share your live trading experiences with this broker.

Formerly at EvolveMarkets.com

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 1000:1
Minimum to Open Live: $1
Established: 2016
Address: Griffith Corporate Centre, Suite 305, Beachmont POB 1510, Kingstown, VC0100, Saint Vincent And Grenadines
Contact: support@evolve.markets
Regional offices:
Regulators: MISA #T2023208, SVGFSA #2788
Prohibited countries:
Trading platforms: MT4, MT5, WebTrader, TradingView
Web Trading: βœ… Yes
Mobile Trading: βœ… Yes
ECN: βœ… Yes

Trading Instruments

Currencies: (50+)
Cryptocurrencies: (10+) Bitcoin, Litecoin, Ethereum
CFD: (15+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: βœ… Yes
News Trading: βœ… Yes
Scalping: βœ… Yes

Managed Accounts & Social Trading

Deposit Methods: Bitcoin, Ether/Ethereum, Litecoin, Tether (USDT)
Withdrawal Methods: Bitcoin, Ether/Ethereum, Litecoin, Tether (USDT)
* Please check broker website for more information
4.059 • 21 REVIEWS

Evolve Markets Most Helpful Customer Reviews

Manila, Philippines,
Sep 3, 2021,
Registered user

Highly Recommended!!! top notch customer service

Service use: Live Length of use: 6-12 Months
I've been using this firm way before they were even called EM. Top notch customer service with timely withdrawals. The basic feature One would like to have, EM has it.

Dec 6, 2018 - 5 Stars This firm has been around for a while. I've received withdrawals any from 1 hour but the lastest would be 48 hours process time. If you are a serious trader who looking for long term growth, evolvemarkets may be what you've been looking for.

Nov 18, 2017 - 5 Stars High Recommend EvolveMarkets! If you are a serious trader, they can be trusted.
EM is on my top list broker, I've been with them when they where under a different name. Smooth Deposit, Smooth Withdrawals who can ask for anything more, toyota :)
Michigan, USA,
Feb 12, 2018,
Registered user

One Of The Best Brokers! Highly Recommend

I haven't ever been interested in writing a review about a Broker because generally over time the Brokers I've traded with in the past have shown their shady ways and I'm uninterested in writing negative things. For the record I've been trading with this Broker since May of 2017 because I saw that they offer BTC denominated accounts & I wanted to earn BTC instead of USD/EUR like my most brokers.

My experience with them has been fantastic. Withdrawals happen in less than 24 hours and go right to my BTC wallet with no issues or problems. They always have good spreads and their liquidity providers usually have amazing uptime --- until I experienced my first ever blackout/outage with this broker today. Their servers on the platform went down for nearly 45 minutes during London trading (the busiest time of the day) and I was unable to manage any of my open trades. The outage in fact did cause my trades to be closed for a loss due to price swiftly moving out of my direction temporarily.

I sent an email to the support department and within 20 minutes I received email back apologizing for the inconvenience and mentioning that they wanted to know the trade ID of the trades that were affected by the outage. The loss was very little, but Evolve Markets gave me 1.5x the loss as a sign of good faith and did it within a matter of 30 minutes from sending my initial email.

Many of you are traders who may have been trading for a long time or are just now starting to get into it. When a platform goes down during the busiest time you will be frustrated to see the losses that come from it going down; however, in my past experiences with other Brokers many of them deny any issues in platform and will rarely ever man up to the mistake and better yet resolve it. Not only did this Broker provide me with my losses back, but they even gave me 50% more for my troubles.

If you're looking for a broker that has almost instant deposits and withdraws and for a Broker that is willing to do the right thing when something goes wrong then I highly recommend the team over at Evolve.Markets as they will make sure you are happy if there was a mistake on their part (not on your trading lol).

I hope this helps many of you who are possibly interested in Evolve Markets but have not heard much about them. I am extremely happy with how they have gone extra mile to ensure their Traders have a safe, secure, and up-to-date platform for trading and making money.
Dec 8, 2017,
Registered user

Account was reset, First withdraw successfull

I would like to update my review. I have since contacted their support and they reset my account and positions after the bitcoin fiasco. I made my first withdraw and it was process within 2 hours.

Nov 23, 2017 - 1 Star I decided to sign up with this broker because they accept bitcoin and US clients. However, only after trading with them for 2 days, it seems like they manipulated the price of BTCUSD. At the current time of writing BTCUSD is valued at 8181.2 in a matter of minutes the price on the platform plummeted to 469.578. This plummet caused the equity in my account to be devalued, and thus my positions were stopped out as a result of the price manipulation.
Texas, USA,
Dec 3, 2017,
Registered user

BTC/USD Issues

Hadn’t had any issues with this broker until I woke up to a large BTC/USD drop which stopped out all my trades on Thanksgiving because their liquidity provider blew up. Instead of fixing my issues they just deleted my account even though I had also had a lot of trades going in my favour on BTC/USD. Another minor issue this broker is a wide spread on LTC/BTC which didn’t really bother me since spreads on everything else are good. I would have recommended this broker since it was very good for a while but what happened last month changed my mind. Luckily I only lost .1 btc though.
1 trader has found this review helpful
Reply by EvolveMarkets submitted Aug 23, 2018:
We had an issue last Thanksgiving where a false price stopped some clients out. As soon as this happened, we restored every single account to its positions, balance, and equity before the incorrect price. We also implemented extra price filtering to not allow such an off market price to occur in the future. At no point have we ever deleted a users account or taken their money.
Michigan, USA,
Aug 29, 2017,
Registered user

Great experience and product

Hey, guys, I've tried them all, and this company is fantastic. I have tried every broker that offers services to my country, and out of all of them I will say without a doubt that evolve is the most honest of them all. My comments are based solely on my experiences with them for the last year. They are one of the few Bitcoin brokers who are fast with their deposits and also quick with their execution. Everything with these guys is top notch. They treat their clients great. I had some slippage issues when I first started with them, and they quickly responded and even went as far as to contact the liquidity provider and fix the feed. They then credited me back my full amount that was clipped and put a filter on my feed. I can't tell you any other broker who has ever done that. These guys care about their clients, and their system has been flawless for me since I first started. They have come to long ways, and I will be a customer with them for life. Additionally, their withdraws are straightforward and quick too because were dealing with the most amazing fiat around that is the Bitcoin solution. The best hands down. Also please know I have several broker reviews up and I tell it the way it is. Anyone can contact me in the forums here anytime to verify my stuff. I am the independent solo trader and hate sales guys :) Let's try to keep these guys around.

Recent User Reviews of Evolve Markets

Almeria, Spain,
Apr 20, 2022,
Registered user

Completely dissapointed

Service use: Live Length of use: 0-3 Months
I tested MT5 and the trading conditions are completely absurd. Everytime I enter in a new broker I realize test of execution time and slippage, because most of brokers are cheaters and delay client's orders, so runned tests here opening random trades in:
- SP500.

[execution time]
- Average: 600ms.
- Lower: 491ms.
- Highest: 5898ms.

Almost 6 seconds to close a trade, sounds fair?

- Average: 50 ticks (bad for trader).
- Lower: -8 ticks (good for trader).
- Highest: 165 (bad for trader).

I would never trade in a broker that delay in that way my trading, is a good way to make people lose their money and make profit from their money using B-Book + Plugins. I'm not sure if they do that, but the truth is these are not proper trading conditions. I'm not going to recommend this broker to anyone.

Deposit and withdrawal was good and without any issue.
Reply by EvolveMarkets submitted May 4, 2022:
Any such delays in order execution would indicate a problem with the system or specific trading instrument, and result in unacceptable trading conditions. This is not something we normally see. Please send an email to our support with account details so they can investigate further.
Bucaramanga, Colombia,
Feb 28, 2021,
Registered user

terrible support

Service use: Other Length of use: Have not used
tried to open an account, and the verification process was terrible, they could not read my birthday from my documents when it was very clear, then I contacted the support center, they don't even read the email/tickets, just have an automatic response, stay away from this kind of site that don't take support seriously
Reply by EvolveMarkets submitted Mar 8, 2021:
Thank you for the review. We consider customer support one of our utmost priorities. Client received our response to their question within hours, and they were provided with all information and offered further assistance. They have not replied back to us for more assistance, but posted their review here. We contacted them again after noticing their review, and they were able to successfully complete their account verification soon after.
South Bohemia, Czech Republic,
Feb 1, 2021,
Registered user

A good broker to go with

Service use: Live Length of use: over 1 Year
Fast crypto deposit and withdrawal, acceptable prices, good support. Really satisfied with them.
Reply by EvolveMarkets submitted Feb 4, 2021:
We are very pleased to hear you are satisfied with our services. We will keep it up! :)
Toronto, Canada,
Sep 12, 2019,
Registered user

Price feed is horrible for scalping BTC. Everything else Five Stars.

Service use: Live Length of use: 0-3 Months
First I want to say deposits and withdrawals were fast. No problem there. Customer service is five stars no problem there. Fees, pretty good as good or better than BitMex. BTC price feed, huge problem there. You cannot scalp the one minute chart with the existing price feed. Impossible. One minute candles last 3 minutes. Price freezes, candles lag behind price so you can't get in or even know what's happening. I used Binance price feed which is the most stable to try to mitigate the issue but the candles don't move for minutes at a time. I have video's comparing the two. I only traded for about a week and a half and then gave up. This happens every day all day. Too bad, everything else is great. If they fix it to a level comparable to Binance's price feed I would come back np.
Reply by EvolveMarkets submitted Sep 24, 2019:
After investigating the issue we have found that our client has made various appearance and properties changes to chart and technical indicators (including Heiken-Ashi indicator). This unfortunately resulted in combination that made one-minute candles invisible on the background of our clients chart, and was the cause for their less than satisfactory trading experience.
Mar 8, 2019,
Registered user

There have been no problems from that.
Thank you for improving.
You are my most recommended broker because payment and withdrawal are quick anyway!

Feb 26, 2019 - 3 Stars The withdrawal is smooth.
There is no problem for MT 5 so far.
However, there is a problem with MT4.
The spread is very uneven.
There is a time when it takes about one minute to make a contract until about 10 minutes every hour.
It takes about three minutes to make a contract when it is severe.
It usually fits in around 10 minutes per hour and starts newly in the next hour.
I hope improvement.


Reply by EvolveMarkets submitted Mar 5, 2019 Thank you for review and for the feedback, we really appreciate it. We made improvements to our feed and we expect this behavior will not happen again.
1 trader has found this review helpful

Frequently Asked Questions

Is Evolve Markets market maker?

The execution model of Evolve Markets for Forex, commodities and index CFDs is Straight Through Processing (STP).

Evolve Markets sends all orders directly to their liquidity providers and they will benefit from the spread difference.

Is Evolve Markets legit and regulated?

Evolve Markets does not carry a regulatory brokerage or financial license in any jurisdiction. In other words, there is no designated government or non-government body to supervise the activities of EvolveMarkets or to resolve complaints.

Unbiased traders reviews on ForexPeaceArmy is the best way to answer if Evolve Markets is a legit or scam broker. Please come back to Evolve Markets Review page often as broker services are very dynamic and can improve or deteriorate rapidly.

Additionally, we'd recommend to check recent EvolveMarkets community discussions: https://www.forexpeacearmy.com/community/tags/evolvemarkets/

What type of accounts does Evolve Markets offer?

EvolveMarkets currently offers only one account type which is raw spread and commission trading for all tradeable pairs on MT5 and MT4.

What is the minimum deposit for Evolve Markets?

EvolveMarkets doesn't require a minimum to open an account with them.