Do you want to trade with Everestfinances.com broker? Is it a scam or legit forex platform for trading? See Everest Finances reviews to find all about it.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
About Everest Finances
Everest Finances FX otherwise known as Everestfinances.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
What’s more, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.
Is Everestfinances.com Regulation Claim Genuine?
First of, Everest Finances presents anonymous company owner that is based in the German city of Dresden, at the same time holds licenses from financial regulators in the United Kingdom, Belize and Mauritius.
Quick check of the UK’s Financial Conduct Authority (FCA) database shows that there is no authorized broker using the Everest Finances brand and domain. Take a look yourself —
Furthering, the broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
This drawback is for forex traders/ clients to avoid losing money with scam brokers lurking online. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Does Everest Finances Have Account Types?
Everest Finances offers variety of trading account for clients. According to the account description, the broker leverage is capped 1:100 and a spread of 0.1 pips.
Everest Finances deposit is indicated $1,000 according to the account type. This is a ridiculous rate to start trading and regrettably the broker is not licensed.
In comparison, you should better stay with a legitimate broker that clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
As for the broker funding methods, Everest Finances accepts cryptocurrencies. There are a few reasons why scam brokers prefer to receive payments in crypto. One, transactions are irreversible and untraceable.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Everest Finances Software
Everest Finances offers web trading software. The platform comes with some basic tools and custom indicators but nothing more advanced.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Argument Against Everest Finances Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that Everestfinances.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Everest Finances located at Everestfinances.com appears like a genuine trading broker, however, you should not take the words they say and the attractive website layout. By all appearances, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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