Company Information

• Company Name: EverTrader
• Company Legal Name: FinovaTech s.r.o.
• Company Registration No.: 19630573
• Operating Since: January 2022
• CEO Name: Mikki

Challenge Details

EverTrader offers two evaluation challenges: a 1-Phase Evaluation and a 2-Phase Evaluation, Here are the details :-

1-Phase Evaluation Details

Pricing:

• Size: $10,000 – $109
• Size: $25,000 – $227
• Size: $50,000 – $337
• Size: $100,000 – $557
• Size: $200,000 – $1090

Rules:

• Profit Target: 10%
• Total Loss: 6%
• Daily Loss: 3%
• Profit Share: 80%, up to 90%
• Drawdown Type: Trailing Drawdown
• Time Limit: Unlimited
• Max Lot Size: No limit
• Payout Frequency: Every 14 Days
• Allows Copy Trading: No
• Min Trading Days: 2 Days

2-Phase Evaluation Details

Pricing:

• Size: $10,000 – $109
• Size: $25,000 – $227
• Size: $50,000 – $337
• Size: $100,000 – $557
• Size: $200,000 – $1090

Rules:

• Profit Target (Phase 1): 10%
• Profit Target (Phase 2): 5%
• Total Loss: 10%
• Daily Loss: 5%
• Profit Share: 80%, up to 90%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Max Lot Size: No limit
• Payout Frequency: Every 14 Days
• Allows Copy Trading: No
• Min Trading Days: 3 Days

Leverage Details

2-Phase Evaluation Challenge

Phase 1: Evaluation Stage

• Forex: 1:100
• Forex Exotics: 1:50
• Stocks: 1:2
• Metals: 1:20
• Energies: 1:10
• Indices: 1:20
• Cryptocurrencies: 1:2

EverAccount (Funded Stage)

• Forex: 1:50
• Forex Exotics: 1:25
• Stocks: 1:1
• Metals: 1:10
• Energies: 1:5
• Indices: 1:10
• Cryptocurrencies: 1:1

1-Phase Evaluation Challenge

Phase 1: Evaluation Stage

• Forex: 1:10
• Forex Exotics: 1:10
• Stocks: 1:2
• Metals: 1:10
• Energies: 1:10
• Indices: 1:10
• Cryptocurrencies: 1:2

EverAccount (Funded Stage)

• Forex: 1:10
• Forex Exotics: 1:10
• Stocks: 1:1
• Metals: 1:10
• Energies: 1:5
• Indices: 1:10
• Cryptocurrencies: 1:1

Scaling Plan

EverTrader does not currently offer a scaling plan.

Spreads and News Trading Rules

Spreads:

• Fees: 1.5 USD per $100,000 volume.
• Low spreads are available across all instruments.

To view contract specifications, right-click on the desired symbol in EverStation Pro and select "Specifications."

News Trading Rules:

• During Evaluation: No restrictions; news trading is allowed.
• As an Official Funded EverTrader:
  • Trader is allowed to hold trades during news events.
  • Opening or closing trades is restricted 6 minutes before and after high-impact news releases.

Profit Recognition:

• Profits from trades opened anytime before and closed before the restricted period will be recognized.

Profit Reduction:

• Profits from trades opened and closed within the 12-minute news window (6 minutes before and 6 minutes after) will not counted and removed afterwards.

Other Important Rules

Daily Drawdown Calculation:

EverTrader calculates daily drawdown based on equity or balance whichever is higher at the end of the each day. This drawdown is equity based drawdown which means the drawdown limit will keep increasing or decreasing each day based on the PnL in the account.

Countries Banned from Purchasing:

EverTrader does not accept clients from the following countries:

• Syria, North Korea, Iran, USA, India, and Pakistan.
• Individuals with criminal records, those on sanction lists, or associated with financial crimes or terrorism are also restricted.

Prohibited Trading Strategies:

EverTrader prohibits strategies that exploit system errors or manipulate market data, including:

• Arbitrage trading
• Copying trades from someone else's account
• High-Frequency Trading (HFT)
• Tick scalping
• Hedging between accounts
• Trades based on delayed data
• Overleveraging and exploiting system gaps
• Account management services
• Overleveraging and/or overexposure
• Copy trading across multiple EverAccounts
• Account rolling

Payout Methods

EverTrader supports withdrawals through:

• Wise
• Bank Wire
• Cryptocurrency

IP Address Rule

EverTrader has not mention any information related to IP Address Rule on their website. We advice trader to trade using the same device from which they are planning to purchase any of the EverTrader Evaluation Program.