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

4.059 • 21 REVIEWS
Dom Maklerski TMS Brokers SA
Updated: Feb 28, 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

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.
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 :)
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! :)
missiones, Argentina,
Sep 7, 2020,
Registered user

Update after 1 year and half

Service use: Live Length of use: over 1 Year
I love evolve markets ,

The concept is awesome , and trading conditions are every good .
I needed their support team and they helped me the whole way .
Mt4 trading conditions had been changed 6 month ago and .everything is fine now .
Deposits and withdrawals are always fast .
I recommend 100%

Sep 10, 2019 - 4 Stars I t has been complicated to give 4 stars to Evolve markets .
Positive :
-super fast account opening
-super fast deposit
-relatively fast withdrawal ( less than 24h )
-no fees on withdrawals
-acc maintained in BTC only
-tight spreads on MT5
negative :
the whole mt4 is c**** !

To give an honest review here I tested both platforms , you have to know that MT4 or mt 5 are not operated on the same website ( at least you have two different login page ) ..I found strange that MT4 commissions are doubled compare to MT5 , so after trading with them I think that the whole MT4 website is driven by third parties broker , not Evolve Markets themselves .
My conclusion is based on trading conditions ;: MT5 have no slippage and smooth execution time while you will experience slippage on EVERY ORDER on MT4 each time you enter they wide the spread from 0.08 to 1 pips then the spread come back to normal market price immediately after you get filled above / below the market price , So , for an order on gbpusd with 2.2 pip spread , at the end you will pay 4.2 wich is impossible in 2019 , These methods are coming from another age and not even used by old bad brokers today .The execution time may take up to 15 seconds if market is shaking , and limit orders are not filled if they can not take their 1 pip on the trade .

My question for Evolve market : your concept is simply awesome and your website may attract a lot of users in the near future , why don't you shut down the MT4 if you do not run it by yourself ? do not allow someone destroying your reputation at the beginning of your company .. Mt4 give the worst trading environment i have experienced in years ! while MT5 is probably one of the best
Please shut down MT4 !

Reply by EvolveMarkets submitted Sep 24, 2019 Thank you for your review and your feedback. We actively encourage our clients to use MT5 platform. On create account page and every MT4 login page our clients are presented with the message: "You are accessing the old MetaTrader 4. For the best experience, please use our new MetaTrader 5."
1 trader has found this review helpful
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
Montclair, USA,
Jan 1, 2019,
Registered user

Excellent broker!

I have been using EvolveMarkets since May of 2018. All I can say is I have not had a single incident or problem with them. Excellent broker!
Sep 16, 2018,

I am really impressed. The withdrawals and deposit are the fastest i have ever seen and the customer support is great. I get an email back within a few hours. This is the best forex exchange for trading with BTC.
Limassol, Cyprus,
Sep 10, 2018,
Registered user

Quick and FREE withdrawals

Finally!! Been waiting for something like this for a looooong time. I get withdrawals processed in a few hrs, not like SFX where you get endless excuses from their 'support' instead of bitcoin. And SURPRISINGLY withdrawals are free.... pretty much everyone else wants to lock you in with withdrawal fees.... so you dont want to withdraw. If they keep the service this good I will stay with them forever. Will update if this changes.

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.