No Regulation

Score

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/10

EVOLVE MARKETS

China

|

5-10 years

Suspicious Regulatory License|

Medium potential risk

https://evolve.markets/

Website

Rating Index
Influence

Influence

C

Influence Index NO.1

French Polynesia 2.38

Better than 97.01% exchange(s)

Biz Area

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Influence
C

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

Exchange Info

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Company Name
EVOLVE MARKETS
Phone of the company
--
Company website
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Customer Service Email Address
info@evolve.markets

WikiBit Risk Alerts

1
Previous Detection 2024-11-21

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

Website

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Time Machine

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Vol Stat

Influence

Yesterday Vol

7 Days

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User Reviews

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10 ratings

Participate in evaluation
Yut Hsing
Disappointing leverage options, lacking risk control. Overall, investment caution advised.
2024-07-13 13:04
0
Samantha st
Average user feedback on a variety of trading options available on the platform. Emotionally engaging, diverse, and insightful.
2024-09-04 00:33
0
Russell Belt
Regulators' attitude towards compliance can impact the market's stability. Vigilance is key.
2024-07-03 21:20
0
Tony Mills
Interesting features, strong potential for growth. Needs more transparency and community engagement.
2024-06-09 05:38
0
Rich Dowd
User information security could be improved, but overall experience is satisfactory.
2024-05-19 22:21
0
Venito
Engaging and empathetic support, efficiently resolves issues and ensures customer satisfaction.
2024-08-13 19:26
0
Rocco
Impressive leverage offering in the crypto space, high potential for growth. Rich features, great support, stable performance. Exciting!
2024-07-14 21:25
0
cahaya langit
Exciting and informative feedback, but some users express concerns about security and potential regulatory risks.
2024-07-17 10:15
0
fxompkmum
Innovative blockchain technology with strong scalability and consensus mechanisms. Exciting potential for real-world applications and market demand. Experienced team with transparent track record. Active developer community driving user and merchant adoption. Sustainable tokenomics and robust security measures. Compliance with current regulations and competitive edge in the market. Engaged community with strong support and communication. High volatility but promising long-term potential. Rewarding with high market value and liquidity. Exciting market analysis tools for interactive and emotional trading experience.
2024-07-11 13:33
0
zarni0
Exciting and engaging customer support interactions! Passionate and quick responses showcasing top-tier service.
2024-07-04 23:28
0
Aspect Information
Exchange Name Evolve Markets
Registered Country/Area China
Founded Year 2016
Regulatory Authority Unregulated
Number of Cryptocurrencies Available 20+
Fees 0.75% (Cryptos trading)
Payment Methods Cryptocurrency, credit/debit card, bank transfer
Customer Support Available, efficient and user-friendly

Overview of EVOLVE MARKETS

Evolve Markets is a unique platform in the landscape of digital currency exchanges. This platform primarily caters to aspirants who seek to trade in various forms of cryptocurrency, using a meta trader platform for conducting operations. Established in 2016, Evolve Markets aims to redefine the interaction between cryptocurrency and conventional forex trading through its primary offering of Bitcoin-based margin trading services.

Unlike other traditional exchanges, it allows users to leverage their investments up to 1:500, making it a preferred hub for those interested in maximizing their trading potential. Evolve Markets also stands proud on its commitment to privacy and security of its users. It follows a strict data encryption protocol, and the user funds are stored in a segregated cold storage. Even though Evolve Markets maintains a global presence, it serves a user base predominantly in Asia, Europe, and North America.

Overview of EVOLVE MARKETS.png

Pros and Cons

Pros Cons
Provides effective bitcoin-based margin trading services Lack of transparency in regulatory authority
Intuitive user interface Variable trading fees dependent on market conditions
Strong commitment to user privacy and security
Efficient customer support

Pros:

1. Bitcoin-based Margin Trading Services: Evolve Markets is one of the few exchanges that offers Bitcoin-based margin trading services. It allows users to maximize their profits by leveraging their Bitcoin assets.

2. Intuitive User Interface: The platform is praised highly for its user-friendly interface. It is designed strategically to assist both beginners and experts in navigating the platform's features seamlessly, thereby making trading activities more efficient and less time-consuming.

3. Commitment to User Privacy and Security: Security of user data and funds is a prime concern for Evolve Markets. By implementing strict data encryption protocols, and by holding user funds in segregated cold storage, the platform ensures that privacy and security are not compromised.

4. Customer Support: Evolve Markets is commended for its efficient and user-friendly, customer support. Users can reach out for assistance and expect to receive helpful and prompt responses.

Cons:

1. Lack of Regulatory Transparency: The platform does not disclose its regulatory authority. This could be a concern for users as it brings into question the platform's regulatory oversight mechanism and its credibility.

2. Variable Fees: The fees on Evolve Markets are variable and depend on prevailing market conditions. This might make it difficult for users to predict their transaction costs.

Regulatory Authority

The regulatory situation of Evolve Markets remains unregulated. Being unregulated carries disadvantages that investors should be aware of. First, there's no guarantee or insurance of the public's funds in case of bankruptcy or system failure. Second, unregulated exchanges might have opaque operations, leading to potential risks of manipulation or fraud.

Given these disadvantages, it's critically important for traders and investors to exercise caution while dealing with an unregulated exchange. Due diligence is key; thoroughly researching the platform's reliability, reviewing user experiences and ratings, and gaining a deep understanding of the exchange and its offerings should be paramount.

Security

EVOLVE MARKETS takes a proactive approach to security by leveraging proprietary hardware-software solutions to safeguard client funds. The platform places a strong emphasis on manual withdrawal processing to ensure thorough reviews and strict oversight.

To further fortify security, EVOLVE MARKETS offers Two-Factor Authentication (2FA) as an additional layer of defense, empowering users to secure their withdrawals, web login, or both. By enabling 2FA, clients can enhance the protection of their accounts and transactions, bolstering overall security measures.With a specialized focus on cryptocurrencies, EVOLVE MARKETS utilizes battle-tested solutions to maintain the integrity and safety of clients' assets.

In line with their commitment to transparency and fair practices, EVOLVE MARKETS upholds a fee structure devoid of hidden charges. This transparency extends to their marketing strategies, embodying the values of integrity and openness in all aspects of their operations. However, it is unregulated.

Security

Cryptocurrencies Available

Evolve Markets offers over 20 kinds of cryptos for trading. These conclude:

  • Bitcoin (BTC)

  • Bitcoin Cash (BCH)

  • Ethereum (ETH)

  • Ethereum Classic (ETC)

  • Litecoin (LTC)

  • Monero (XMR)

  • Zcash (ZEC)

  • Ripple (XRP)

  • Dash (DSH)

  • Tezos (XTZ)

  • Cardano (ADA)

  • EOS (EOS)

  • Chainlink (LNK)

  • Dogecoin (DOG)

  • Solana (SOL)

  • Binance Coin (BNB)

  • TRON (TRX)

  • MATIC (previously known as Matic Network) (MATIC)

  • These cryptocurrencies are available for trading in the respective trading pairs mentioned earlier. Each cryptocurrency represents a digital asset with its own characteristics and use cases within the blockchain and cryptocurrency ecosystem.

    cryptos.png

    In addition to cryptocurrency trading, Evolve Markets also provides trading services for other asset classes like Forex, Indices, Commodities, and Stocks. Traders have the opportunity to diversify their portfolio by engaging in multiple markets beyond just cryptocurrencies.

    Through its MetaTrader platform, Evolve Markets offers a sophisticated and comprehensive suite of trading tools. The platform enables advanced charting and analysis, automated trading strategies, custom indicators, and more. It provides all necessary tools and services that cater to both beginners and experienced traders.

    Trading Market

    Currency Pair Price +2% Depth -2% Depth Volume Volume %
    1 Bitcoin BTC/FDUSD $68,241.80 $11,659,704.60 $5,458,819.25 $9,699,757,883 19.63%
    2 Bitcoin BTC/USDT $68,230.78 $29,458,848.40 $13,331,467.64 $5,477,107,052 11.08%
    3 First Digital USD FDUSD/USDT $0.9994 $62,712,506.97 $14,889,157.74 $3,492,492,107 7.07%
    4 Shiba Inu SHIB/USDT $0.0000413 $6,139,576.26 $656,226.25 $2,592,670,305 5.25%
    5 Ethereum ETH/USDT $3,639.20 $12,295,033.79 $11,431,071.14 $2,499,933,007 5.06%
    6 Ethereum ETH/FDUSD $3,639.54 $3,598,257.83 $2,062,747.72 $2,303,155,414 4.66%
    7 Pepe PEPE/USDT $0.00000774 $1,926,209.84 $1,302,696.86 $1,612,862,241 3.26%
    8 Dogecoin DOGE/USDT $0.1971 $2,499,840.33 $2,108,354.92 $1,428,846,616 2.89%
    9 USDC USDC/USDT $1.0000 $24,489,579.29 $5,654,924.19 $1,059,900,985 2.14%
    10 Solana SOL/USDT $132.82 $12,036,239.90 $4,510,164.74 $1,054,051,508 2.13%

    Fees

    EVOLVE MARKET charges various fees for different actions and services.

    Minimum Fee
    Deposit No minimum No fee
    Withdraw Bitcoin 0.001 BTC
    Withdraw Litecoin 0.005 LTC
    Withdraw Ether 0.01 ETH
    Withdraw USD 25 USDT/USDC
    Withdraw Solana 0.01 SOL
    Withdraw Gold 0.01 XAUT/PAXG
    Unverified User -
    Verified User -
    Crypto - 0.075%
    Forex - 0.0035%
    Indices - 0.0035%
    Commodities - 0.0035%
    Stocks - 0.0035%
    fees.png

    Payment Methods

    Deposits

    EVOLVE MARKETS offers users multiple funding methods to deposit funds into their accounts.

    - Stablecoins Conversion: Stablecoins are converted to your USD balance upon completed deposit.

    - XAUT and PAXG Conversion: Deposits in XAUT and PAXG are converted to XAU balance.

    - Cryptocurrency Deposits: Bitcoin and altcoin deposits remain as the deposited coin/token in your account. The available base currencies on the platform for deposits are BTC, LTC, ETH, SOL, XAU, and USD.

    - Funding Options:

    - Credit Card: Users can fund their accounts using credit cards.

    - Debit/Prepaid Cards: Funding via debit or prepaid cards is accepted.

    - Bank Transfer: Users have the option to fund their accounts via bank transfer.

    Withdrawals

    - All withdrawals are processed manually from cold storage to ensure the highest level of security.

    - Withdrawals are typically submitted to the blockchain within a few hours.

    - Users are advised to allow up to 24 hours for withdrawal processing before inquiring by email.

    - Minimum Withdrawal Amount:

    - 0.001 BTC

    - 0.005 LTC

    - 0.01 ETH

    - 0.01 SOL

    - 25 USDT

    Payment Methods.png

Is EVOLVE MARKETS a Good Exchange for You?

    EVOLVE MARKETS is the best exchange for client fund protection.

    EVOLVE MARKETS is primarily suitable for the following target users:

    - Cryptocurrency Traders: EVOLVE MARKETS specializes in working with cryptocurrencies, making it an ideal exchange for traders who primarily deal with digital assets. They offer a range of cryptocurrency trading pairs and provide a reliable trading experience.

    - Users Concerned about Security: With their strong emphasis on security measures such as proprietary hardware-software solutions, manual withdrawal reviews, and Two-Factor Authentication (2FA), EVOLVE MARKETS is well-suited for users who prioritize the safety and protection of their funds.

    - Transparent Pricing Advocates: EVOLVE MARKETS follows honest business practices and maintains a transparent pricing structure. It is an attractive choice for users who value transparency and want to avoid hidden fees.

    For different customer groups, here are some specific recommendations:

    - Beginner Traders: EVOLVE MARKETS can be a good starting point for beginner traders due to its user-friendly interface and focus on security. It is important for beginners to familiarize themselves with the platform and the basics of cryptocurrency trading before engaging in more advanced strategies.

    - Experienced Traders: Experienced traders may appreciate the range of trading tools and advanced features offered by EVOLVE MARKETS. They can take advantage of the platform's specialized focus on cryptocurrencies to execute their trading strategies effectively.

    - Security-conscious Users: For users who prioritize security, EVOLVE MARKETS is an excellent choice. It is recommended to enable 2FA for both withdrawals and account logins to ensure maximum protection.

    - Users Seeking Transparent Platforms: EVOLVE MARKETS' commitment to transparency makes it an appealing option for users who value upfront information about pricing and marketing activities. It is advisable for such users to carefully review the platform's fee structure and marketing policies to align with their preferences.

    FAQs

    Q: What leverage does Evolve Markets offer?

    A: Evolve Markets provides high leverage up to 1:500, offering opportunities for traders to maximize potential profits.

    Q: Does Evolve Markets offer any other services apart from cryptocurrencies?

    A: Yes, besides cryptocurrencies, Evolve Markets also provides trading opportunities for Forex, Indices, Commodities, and Stocks.

    Q: What is the processing time for transactions on Evolve Markets?

    A: The processing time depends on the Bitcoin network's performance and is typically within 24 hours

    Q: What type of platform does Evolve Markets use for trading?

    A: Evolve Markets uses MT5 for conducting trading operations. This platform offers comprehensive trading tools including advanced charting and analysis, automated trading strategies, and custom indicators.

    Risk Warning

    Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.