Everest Trust purports to be a legitimate brokerage firm offering a wide range of tradable instruments and the best market conditions. However, the suspicious website fails to provide the necessary documents and evidence to support that claim.

We’re referring to the lack of a regulatory license and reliable platform, implying that the firm may be fraudulent just like RRR Capital. Read our entire Everest Trust Review to find out the harsh truth. 

Legal Info: Is Everest Trust Regulated?

The background of the Everest Trust broker firm is unknown; there is no relevant information about the company’s registration or regulatory status. Since the website claims this business was founded in Switzerland, we checked the database of the Swiss Financial Market Authority (FINMA).

No results, unfortunately. So the platform operates without regulatory oversight, which is inadmissible in a strict jurisdiction such as Switzerland. In other words, it’s a fraud! Instead of trusting anonymous imposters, we recommend you find a licensed firm licensed by esteemed financial market authorities such as the FCA (UK), ESMA (Europe), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), etc.

Regulated brokers are subject to stringent regulations and must provide clients with safety measures such as negative balance protection, segregation of funds in top-tier banks, and compensation schemes.

Who Are Everest Trust’s Targets?

According to WHOIS, the everestrust.com website domain was created on July 31, 2023. Since then, the cyber con artists behind the platform have been targeting mainly unsuspecting traders and investors residing in the following countries:

• United Kingdom;
• United States;
• Australia;
• Singapore.

These four countries feature top-tier regulations when it comes to financial institutions. Their financial watchdogs carefully monitor the markets to prevent fraudsters from conducting fraudulent activity.

One common law they all have in force is that each financial market participant must obtain the necessary license or permit to operate and provide services. To reiterate, Everest Trust has no such authorization, making the platform extremely risky. You may want to check out RCG Markets instead. 

Trader Reviews – Sharing Experiences

There are nine Everest Trust reviews on trustpilot.com. The company received an average score of 3.9/5 (great), which is not that impressive given the scarce feedback. Although there are no outright complaints, it still does not mean the broker is “clean”. Beware, as there are dishonest reviews as well.  

Aside from Trustpilot, there are no comments on other popular trading forums. Regardless, we urge you to read what users say about a certain platform before investing funds. Negative feedback is indicative of trading scams.

Which Trading Platforms Are Available?

The Everest Trust trading platform is web-based, meaning it offers users fundamental tools such as charts, graphs, and indicators, but lacks an enhanced interface and advanced options. Moreover, such unreliable platforms can easily be manipulated.

We thus urge you to steer clear of shady browser terminals, especially if you want to start trading volatile assets such as Everest Trust crypto coins.

Try to find a licensed firm that supports reliable third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. MT platforms support advanced features such as automated & algorithmic trading, sophisticated charting, real-time market reports, API integration, 20+ timeframes, Expert Advisors (EAs), and instant order execution.

Everest Trust account types

Leverage, Spreads, Commissions, Bonuses

The broker’s maximum leverage is capped at 1:100, which is significantly higher than the restrictions in force in Switzerland (1:30). Trading with such high leverage carries huge risk; it can amplify both potential profits and losses, usually tilting toward the latter end.

Trading costs, i.e. spreads and commissions, were not disclosed. The website only says you can customize them, which is not how it’s done. The lack of transparency is raising concerns.

We weren’t able to check these conditions ourselves because there was no demo account, which is yet another red flag. Risk-free trading enables beginners to practice with virtual funds instead of jumping in a stressful environment straight away. Illicit providers usually omit this feature.

Deposit and Withdrawal Process

The website listed several payment methods that can be used to make a deposit and withdraw generated profits:

• Credit/debit cards;
• Wire transfers;
• Digital wallets;
• Crypto.

The minimum deposit is unknown. Taking into account everything that has so far been said about the swindling platform, it’s highly unlikely that you’ll be able to withdraw your funds. In that case, you ought to consider potential fund recovery methods.

For MasterCard or VISA credit/debit card payments, users can request a chargeback at the issuing bank usually within 120 days. Wires, on the other hand, require a recall, but it can only work if the transaction is not yet complete. Reversing cryptocurrency payments is more complex and requires the use of advanced software such as CipherTrace. Fortunately for you, our team can help you out with tracking the stolen digital assets.

Key Facts To Consider About Everest Trust

Everest Trust is an unlicensed broker with an ineffective web platform, backed by questionable reviews and a fake Swiss address. The main targets of the scheme are American, British, Australian, and Singaporean traders.

Please avoid this platform and stick to regulated providers. In case you have lost money to the Everest Trust scam, you must seek our professional help to recover your funds! A chargeback is your best option.

Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.

Book your free consultation here and start the chargeback process.

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