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No valid regulatory information, please be aware of the risk!
Pyramid scheme complaint
I paid you $184,447.22 on November 5, 2022, and $28,427.83 on November 22, 2022. Everestcm.com is supposed to pay me $812,223.92! Thank you for your cooperation
The first platform notification involves a third-party deposit, and a margin is required to unfreeze the account to withdraw. The second time, the platform informs that the account has been unfrozen and the credit score has decreased, it is necessary to pay a margin to increase the credit score. The third time, the platform requires a margin to complete the large withdrawal!
Note: EVERESTs official site - https://my.everestcm.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
General Information & Regulation
|Market Instrument||Currencies, Commodities, Indices, Shares, Spot Metals, Cryptocurrencies|
|Account Type||Classic, Raw Spread|
|Spread (EUR/USD)||from 0.8 pips|
|Trading Platform||MT4 and MT5|
|Deposit & Withdrawal Method||VISA, MasterCard, Skrill, Neteller, Cryptos, and Bank Wire|
Registered in Mauritius, EVEREST is a forex broker offering a series of trading instruments including Forex, Metals, Oil, and Indices through the advanced MT4 trading platform. EVEREST requires a minimum deposit of $100 to start trading.
EVEREST CM is a trading brand owned and operated by Myrtle ltd with registration number 1799291 GBC. EVEREST CM does not hold any regulatory license to show it operates legally. Please be aware of the risk involved.
Note: The screenshot date is February 16, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
With the EVEREST platform, investors can get access to a diversified range of trading instruments. Different types of trading instruments, such as Currencies, Commodities, Indices, Shares, Spot Metals, and Cryptocurrencies are all available through this brokerage platform.
Four trading accounts including the Classic account and the Raw Spread account. To invest with EVEREST, an initial deposit of $100 is required.
Besides, EVEREST allows offers Islamic account, also known as swap-free forex trading accounts, which allows you to trade without having to pay swaps or interest charges on overnight positions.
EVEREST allows traders to use the leverage of up to 1:500, insanely higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.
As leverage can also cause serious fund losses, it is important for inexperienced traders to choose the proper amount that they feel most at ease.
Spreads & Commissions
Spreads and commissions are tied to what trading accounts you are holding on the EVEREST platform. With the EVEREST account, traders can trade forex instruments such as the EUR/USD from as low as 0.8 pips, with no commissions charged. With the Raw Spread account, you can trade popular instruments with competitive spreads, with a certain commission charged.
EVEREST offers its clients two trading platforms: MT4 and MT5. However, given the fact that this forex broker is unregulated, investors are advised to stay away from it.
Deposit & Withdrawal
EVEREST allows its clients to make deposits and withdrawals through VISA, MasterCard, Skrill, Neteller, Cryptos, and Bank Wire. The minimum deposit is $/€/£100.
For any questions or concerns they may have about their accounts or their trading can reach out to EVEREST through the following methods:
Telephone: +357 25056450
Registered Company Address: Suite 602, 6th Floor, Hennessy Tower, Pope Hennessy Street, Port-Louis, Republic of Mauritius.
Or you can also keep up with this forex broker on some popular social media platforms, such as Facebook, Twitter, and Youtube.
Pros & Cons
|• Multiple tradable assets and funding options||• No regulation|
|• MT4 and MT5 supported||• Website inaccessible|
Frequently Asked Questions (FAQs)
|Q 1:||Is EVEREST regulated？|
|A 1:||No. It has been verified that EVEREST currently has no valid regulation.|
|Q 2:||Does EVEREST offer the industry-standard MT4 & MT5？|
|A 2:||Yes. Both MT4 and MT5 are available.|
|Q 3:||What is the minimum deposit for EVEREST？|
|A 3:||The minimum initial deposit to open an account is $100.|
|Q 4:||Is EVERESTa good broker for beginners？|
|A 4:||No. EVEREST is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.|
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