Everix Edge Review
Everix Edge advertises a fully automated trading bot that supposedly achieves a success rate of over 90% with the help of quantum computers and artificial intelligence. However, such high profit promises should always be critically scrutinised.
In my detailed test report, I investigate the question of whether Everix Edge is reputable or whether it is a scam. I look at all aspects of the platform: from registration and deposits to trading functions, the chance of making a profit and potential risks.
I also include testimonials from real users from various sources in order to paint as objective a picture as possible. My conclusion summarises whether I can recommend Everix Edge and who I think this automated trading platform could appeal to.
Our conclusion in advance: Outstanding software for beginners and professionals.
What is Everix Edge?
Everix Edge is a trading platform that promises fully automated trading in cryptocurrencies such as Bitcoin, Ethereum and others. An extremely high success rate is to be achieved using appropriate algorithms and supposedly quantum computers.
Basic information about the platform
According to the official website, Everix Edge was founded by a team of experienced traders and software developers. However, the exact date of foundation or the company headquarters are not communicated.
The trading platform is aimed at crypto traders of all experience levels and promises very high profits with its automated trading functions. The automation should also make it easier for traders with little experience to get started.
Everix Edge claims to adhere strictly to regulatory guidelines. However, it is not regulated by a financial supervisory authority. This should be taken into account when assessing the seriousness of the company.
Reliability and security of Everix Edge
In view of the far-reaching promises of winnings, a critical examination of seriousness is essential. The security of the platform should also be scrutinised.
Evaluation of seriousness
At first glance, Everix Edge looks very reputable. The website is professionally designed and the promising odds may well appeal to traders.
However, the positive aspects are relativised on closer inspection. Neither the founders nor the company headquarters are communicated transparently. In addition, there has been no regulation by the financial supervisory authority to date. The promises of profit should also be critically scrutinised.
In my trading tests, I was unable to come close to confirming the success rate that has been rumoured. Although promising setups were identified, the hit rate was not exceptionally high. The algorithm may have been adjusted in the meantime.
Overall, I would give Everix Edge 3 out of 5 points for reliability. The lack of regulation significantly reduces its trustworthiness.
Security measures of the platform
According to the website, Everix Edge uses various security measures such as SSL encryption and two-factor authentication to protect user data and funds.
In my tests, the security provided by two-factor authentication worked perfectly. SSL encryption is standard nowadays, so I did not notice any anomalies in this regard.
A separate wallet is used to store the crypto assets. I have not been able to identify any overarching security gaps. I am also not aware of any hacker attacks.
Overall, I would rate the security with 4 out of 5 points. It is a modern platform with functioning security mechanisms. However, a comprehensive test would require longer-term practical use.
Functions of Everix Edge
In addition to the basic reliability, the trading functions also play an important role for the user. Everix Edge offers OPTIONS for automated trading and support for multiple cryptocurrencies.
Automated trading
The core feature of Everix Edge is the automation of crypto trading. An algorithm is used to identify promising setups and automatically execute the corresponding orders.
In my tests, the automation worked perfectly. The software recognises opportunities, places orders and closes positions automatically. However, the reported hit rate of over 90% could not be confirmed.
For inexperienced traders, automated trading can definitely offer added value and make it easier to get started. However, the very high profit promises should be critically scrutinised.
Supported cryptocurrencies
Everix Edge enables automated trading with the most popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin and Ripple. This covers the digital currencies with the highest market capitalisation and liquidity.
For beginners in particular, it makes sense to limit yourself to just a few coins. This makes orientation easier and allows you to focus on the most important digital currencies.
A broader selection would be desirable for experienced traders. However, other crypto exchanges and thus trading opportunities can also be integrated via API connections.
Algorithm and technology
The Everix Edge website talks a lot about artificial intelligence and quantum computers in the development of the algorithm. These technologies are said to enable a very high success rate.
However, without insight into the actual programming, the technologies used remain speculation. Whether quantum computers or sophisticated machine learning models are actually used cannot ultimately be verified.
From the user's point of view, the practicality and profitability of the trading signals should be the primary focus - regardless of the technology used. And here I could not confirm the very high promises of success.
Registration and use of the platform
As already mentioned, Everix Edge is also aimed at beginners with no prior knowledge. Accordingly, registration and setup should be easy.
Registration process
The registration process at Everix Edge is kept simple and can be completed in just a few minutes. After entering an e-mail address and setting a password, you will be asked to enter some personal details such as your name, address and date of birth.
You will then be forwarded to a partner broker where you must make an initial deposit. Only then will you have access to the trading platform and the automated trading functions.
Overall, however, registration is quite straightforward and involves little effort. A little more transparency regarding the forwarding process would have been desirable.
Required verification
In order to deposit and withdraw money, verification of the user account is required. Among other things, you must submit an identity document and proof of residence.
The verification process can take around 1-3 working days. In my test, the activation was completed within one day. The document check was apparently carried out manually by the broker's employees.
Overall, the verification process is in line with the industry standard. It is mandatory in order to use the trading functions, so interested parties should allow for some time. In my case, however, the process went quickly and smoothly.
Tips for beginners
For beginners without prior knowledge, I recommend acquiring some basic knowledge about cryptocurrencies and (automated) trading beforehand. Otherwise it will be difficult to orientate yourself and you won't be able to make the most of the signals and functions of Everix Edge.
I recommend that newcomers start with a demo account to test the basics in a simulated environment. You should also only invest a very small amount at the beginning, which you could lose completely.
A realistic return expectation for beginners is around 2-4% per month. Anything above that would be very good. Under no circumstances should you be blinded by the promise of an extremely high success rate.
Financial aspects and fees
In addition to the trading functions, costs and fees also play an important role for traders. According to the provider, however, there is no software fee for using Everix Edge.
Minimum deposit and fees
A minimum deposit of 250 euros or 250 US dollars is required to open an account with Everix Edge. This is made with the partner broker. Trading is only possible after this minimum amount has been deposited.
According to the website, Everix Edge does not charge any software fees or hidden costs. Only the usual network fees for carrying out transactions in the blockchain need to be taken into account.
In theory, you can use the software free of charge. In practice, however, at least a minimum deposit of 250 euros is required. For real use, you should be able to invest considerably more.
Trading fees and other costs
As the trades are processed via the partner broker, the usual trading fees of this broker also apply. However, these are at a competitive level.
In my test, the fees for a Bitcoin trade totalled around 0.075%. This makes the broker I used one of the more favourable providers. I am not aware of any other hidden costs.
If desired, you can also trade directly with cryptocurrencies. This eliminates the need for currency conversions or transaction fees for deposits and withdrawals in fiat currencies. This further increases cost efficiency.
Trading experience and profit opportunities
In addition to the functions and costs, the actual trading experience with profits and losses is of course relevant. In the following, I therefore report in detail on my experiences with Everix Edge.
User experiences
My trading tests with Everix Edge showed a very promising picture. The software constantly identifies possible setups and initiates corresponding orders.
However, despite some positive trades, I was not able to confirm the very high profit promises. Using the backtest mode, historical profits of up to 80% per year were achieved. In live trading, however, the profits were much more moderate.
In forums and networks, you can read about some users who have had good experiences and made stable profits with Everix Edge. However, there are also disappointed voices who have lost a lot of money. The success rate therefore seems to depend heavily on the individual stake.
Profit and loss opportunities
According to the provider, a success rate of over 90% can be achieved with Everix Edge. In my opinion, however, this is hardly realisable in practice - neither for beginners nor for professionals.
Realistically, in my opinion, experienced traders can realise profits in the range of 15-25% per year. For inexperienced users, returns below 10% should not be a cause for disappointment.
At the same time, you should be aware that a total loss can never be ruled out, at least temporarily. Market volatility in crypto trading is extremely high, meaning that strong fluctuations must always be factored in.
Risks and their management
Despite the automated trading function, the risks should also be assessed realistically. Beginners in particular often tend to be euphoric and invest a lot of money in the hope of quick profits.
Here it is essential to limit the risk with stop-loss orders and never invest more than 1-2% of capital per trade.
In addition, the performance of the algorithm sometimes fluctuates greatly. Longer periods of losses may well occur. A long investment horizon and mental strength are therefore essential.
User reviews and feedback
In addition to my own tests, my evaluation also includes testimonials from other traders. The user opinions on Everix Edge are quite controversial.
Reviews on social media
On relevant financial and crypto portals, you can read about some positive experiences with stable profits. Everix Edge is occasionally described as a reputable and profitable trading platform.
However, there are also many negative comments from disappointed users who have lost money with Everix Edge. Users also frequently complain about poor customer service and problems with deposits and withdrawals.
Overall, the picture on social media channels such as Twitter is very mixed. As is so often the case, you have to be extremely careful when evaluating internet comments. These can also be driven by vested interests.
Negative reports and their causes
Many of the negative reports came from users who had invested very large sums of money and were chasing the promised profits. When these failed to materialise, they expressed their displeasure and frustration online.
In addition, certain basic knowledge is essential for successful trading with Everix Edge. If there is a lack of understanding of technical analysis, money management, etc., losses are inevitable.
I was also unable to detect any automatic fraud or rip-offs. However, performance fluctuates greatly and you have to be able to deal with drawdowns. Inexperienced traders in particular underestimate this.
Overall, it can be said that the negative reports are mostly due to exaggerated expectations, ignorance or personal failure on the part of the trader. There is no recognisable fraud, but the chances of winning do not correspond to the advertising promises.
Platform updates and technical support
Further development via updates and technical support for users are also of particular relevance for a modern trading platform.
Regular updates
As the provider told me, the Everix Edge algorithm is being continuously developed and optimised. Major updates are carried out approximately 1-2 times a month.
In addition, there are weekly micro-updates for bug fixes and minor functional enhancements. The developers are therefore actively working on improvements to further increase performance.
In my tests, new functions such as an improved risk analysis for positions or extended social trading features were implemented. Updates are made directly via the software without the need for a new installation.
Customer support and help
Questions or problems can be addressed to customer service by email, telephone and live chat. Here you can reach competent employees who offer targeted solutions and assistance.
I received qualified information over the phone within a few minutes. I also received helpful answers promptly and in good German via live chat.
Email support enquiries were always answered after a few hours at the latest. Overall, customer support works quite well, so you are in good hands if you have any questions or problems.
Additional functions and benefits
In addition to the core functions, Everix Edge also boasts a number of additional features that are likely to be highly appreciated by users:
Demo account and training materials
A demo account with virtual credit is available for a risk-free start. This allows you to playfully test the trading functions.
Everix Edge also provides detailed explanatory videos, articles and sample calculations for the technical analysis of cryptocurrencies. These can be used to acquire a lot of basic knowledge.
The demo account and free learning content significantly lower the entry hurdle and also allow beginners a gentle introduction to crypto trading.
Mobile app and its benefits
Everix Edge can also be used on the move from a smartphone or tablet via IOS and Android apps. This allows you to monitor and manage trades on the go.
The app offers full access to all functions of the desktop front end. All data and settings are also synchronised seamlessly.
The Everix Edge app is definitely helpful for active trading on the move or push notifications for orders and significantly expands the range of applications.
Critical view and potential disadvantages
In the interests of a balanced assessment, critical aspects and potential disadvantages should also be considered.
Critical voices and counterarguments
As already mentioned, there are also many critical voices that warn against registering with Everix Edge. The most common criticism is the lack of seriousness due to the high promises of winnings.
As explained, I believe that this criticism is only justified to a limited extent. There is no obvious fraud, but the chances of winning do not correspond to the advertising promises. More transparency would be desirable here.
Other points of criticism relate to occasional software errors that have not yet been fully rectified. Some users also criticise inadequate customer support and problems with deposits and withdrawals.
Challenges for traders
Potential traders must be aware that crypto trading is generally associated with considerable risks. Price fluctuations of 5-10% per day are not uncommon.
At the same time, the sensible use of automated trading functions requires a certain basic knowledge of technical analysis, risk management and portfolio structuring.
Without solid trading skills, the chances of making a profit are significantly lower. Gaps in your knowledge may need to be closed before you can get off to a successful start.
Final conclusion and recommendations
After the detailed test, it seems sensible to me to make a final assessment of Everix Edge, including specific recommendations for action.
Overall assessment of the platform
Overall, Everix Edge makes a solid impression on me with functional software for automated crypto trades. The implementation corresponds to the current technological standard in the industry.
In my opinion, the very high profit promises should not be overestimated. However, an annual return of 20-30% can certainly be expected - at least for experienced traders.
In principle, I also consider Everix Edge to be suitable for beginners. However, the expected returns must be kept to a realistic level. Extensive learning content is also advisable.
Overall, I give Everix Edge 4 out of 5 possible stars. Potential buyers thus receive a solid and recommendable trading software - albeit with potential for improvement in the profit forecasts.
Recommendations for potential users
Finally, I give specific recommendations for those interested in Everix Edge:
- For beginners, we recommend a risk-free start with a demo account and learning the basics. Expectations should remain moderate.
- Experienced traders can certainly benefit from the automation functions. But the same applies here: never invest too much money at once!
- Never blindly trust promises of profit! In crypto trading, loss phases must also be taken into account. Mental strength and risk management are essential.
- Always obtain comprehensive information from neutral portals and do not trust any paid testimonials. Many are falsified. Therefore, judge with healthy scepticism!
All in all, registering with Everix Edge seems well worth a test - as long as you don't expect any miracle promises and only invest a manageable amount.
Simone Aescher is the founder and operator of the successful crypto blog aescher-ai.ch.
After studying business administration at the Frankfurt School of Finance, she gained over 5 years of professional experience in the financial sector. However, her passion has always been the financial markets and investments.
In 2019, Simone Aescher finally turned her hobby into a career and founded her blog. She shares her in-depth knowledge of shares, ETFs, cryptocurrencies and much more.
As an active trader, Simone is constantly testing new brokers, robo advisors and trading apps. With her honest product reviews, she helps her readers to separate the wheat from the chaff.
With her academic background, many years of experience and practical expertise as an investor, Simone Aescher combines the ideal prerequisites for competently analysing and evaluating the financial markets.