Nowadays, many scammers think too much of themselves, pretending to be boutique brands with significant initial deposit gaps. One of those is Everrise Brokers broker, offering its customers nothing but a headache.
The legal documents contain no valid information; we don’t know who’s behind the scheme and in which jurisdiction to pursue justice.
However, this detailed Everrise Brokers review will show you what we do know and how to avoid being scammed.
This brokerage is entirely anonymous. We see Switzerland listed as the headquarters, implying that Everrise Brokers’ regulation should be with the Swiss regulator FINMA. Moreover, the company must comply with the European Securities and Markets Authority (ESMA) set rules.
We found nothing after checking FINMA, but also databases of other Tier1 authorities, including FCA, BaFin, and CONSOB. Simply put, if this financial swindler defrauds you, you cannot count on the support of the EEA financial ombudsman.
Now that we know that broker Everrise Brokers operates in the UK and EU without valid regulations, let’s see what else this scammer does to get ahold of their victims.
Everrise Brokers is an anonymous trading brokerage. The company claims to have offices in financial centers, such as London and Zurich. This was denied by the FINMA warning.
The vast majority of Everrise Brokers’ complaints come from:
Based on the warnings, we also see its presence in the EEA zone. The company has been in the business since May 2022, and negative Everrise Brokers reviews are already piling up.
You will see lots of fraudulent marketing campaigns selling the “get-rich-quick” dream. Scam brokers tend to lurch to inexperienced investors by posting fraudulent ads promising high gains.
Usually, these ads are placed on Google and social media, such as Facebook and Instagram.
Once an unsuspecting victim clicks on the ad, the broker will receive the phone and email. This is when their constant harassment will start. They’ll offer anything to get potential investors to join.
When you’re transferred to an account manager, be sure that this person is not a real financial adviser. Since the company has no license, its agents are simply boiler room agents extorting funds from their victims.
They’ll ensure to add you to private Telegram and WhatsApp chats, make you feel special, and ask for more money.
Finally, even if you have never applied for trading with Everrise Brokers, scammers tend to sell data to each other. You can be approached via phone, social media, and even dating apps.
Everrise Brokers trading platform is advertised as a WebTrader. Yet, once you want to “discover more,” you won’t be able to. The link to a trading platform is broken, leaving you with “The page can’t be found.”
Therefore, we’re unsure if this bogus investment company even offers any platforms or if they will vanish once they steal enough funds.
What’s for sure, you can do better than any WebTrader. Legitimate brokers usually offer MT4 or MT5, with the largest number of features.
Everrise Brokers login is not possible through the website and there are definitely no mobile apps. Both Android and iOS users will have to use their browsers if given access to any software.
Since this is a big if, we advise you to avoid the firm and its phony platform. Instead, search for a Tier1 licensed company with a reliable platform.
The brokerage offers a standard range of trading instruments, allowing access to 5 major markets:
While claiming to offer fair and transparent conditions, Everrise Brokers didn’t list any of the trading fees. We have no information about spread, swaps, and other fees.
Without actual access to the platform, we cannot confirm this ourselves. So much for transparency.
We have a list of five Everrise Brokers trading account types:
The main difference is leverage ranging from 1:200-1:300, margin loan 25-75%, and more educational materials.
As mentioned at the beginning of this review, the brokerage thinks of itself as an exclusive trading platform, with Everrise Brokers’ minimum deposit being $10,000.
Everrise Brokers Demo account is not available. Once again, the company claims to be transparent and offers all the possible tools for traders to succeed. Yet, practicing trading strategies is not an option before you deposit the money.
The broker doesn’t offer negative balance protection, meaning you can quickly lose more than you invested.
What’s for sure is that Everrise Brokers’ withdrawal process is not easy. What’s more, the company limits withdrawals with a bonus clause, requiring customers to repay the bonus plus the deposit amount 40 times.
Furthermore, if the withdrawal amount exceeds 10,000 EUR, the company maintains the right to ask for certified identification documents. Meaning you may need a court translator.
According to the website, payments are allowed using:
Everrise Brokers is a fraudulent online trading firm with no license. If you have already invested and cannot get your money back, contact us for help with the recovery procedure.
Brokers’ link to a trading platform is inactive. Thus, there is no Demo account.
The brokerage requires an exceptionally high initial deposit of $10,000.
Everrise Brokers has been blacklisted by Swiss and Italian authorities and accused of fraud. Therefore, your funds are not safe.
Everrise Brokers is a fraudulent online trading firm with no license. If you have already invested and cannot get your money back, contact us for help with the recovery procedure.
Brokers’ link to a trading platform is inactive. Thus, there is no Demo account.
The brokerage requires an exceptionally high initial deposit of $10,000.
Everrise Brokers has been blacklisted by Swiss and Italian authorities and accused of fraud. Therefore, your funds are not safe.
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