Everest Trust Review

Welcome to my unbiased Everest Trust review. In this post, you’ll discover whether this supposed broker is legitimate or just another fraudster masquerading as a financial broker. 

An image of the Everest Trust sign-up and log-in page. 

About Everest Trust

Product Website: www.everestrust.com.

Everest Trust claims to offer a huge opportunity for online financial assets trading. The big question is; is Everest Trust legitimate or a scam? I casually created an account with them, as you can see below, to find out first before writing this honest Everest Trust review:

A screenshot of my Everest Trust account.

For more about what I discovered, be sure to read my explosive Everest Trust review below. But first things first, here’s the company summary table according to everestrust.com:

Is Everest Trust trustworthy? The answer is NO, and here’s why:

1. My Unsatisfactory Personal Experience With Everest Trust

Ever Trust is a scam broker that tried to con me when I signed up. A so-called account manager persistently sent me emails about supposed trading opportunities for two weeks. They hoped to convince me to deposit funds into my account even though I didn’t budge. During that time, I discovered that this broker provides fake and manipulated trading signals to entice unsuspecting investors.

2. Everest Trust Isn’t On FINMA’s Database

The everestrust.com website shows that Everest Trust is based in Switzerland. As you may already know, all FX brokers operating in the country must be licensed and overseen by the Swiss Financial Market Supervisory Authority (FINMA), which is the country’s independent financial markets regulator.

To ascertain whether Everest Trust is licensed and overseen by the regulator, I looked it up on the regulator’s database and found that it doesn’t exist, as you can see in the screenshot below:

A screenshot shows no search results found for Everest Trust on the FINMA database. 

This means that this broker is unlicensed and unregulated like Azura Capital and other fraudulent brokers.   

3. Everest Trust Has Got No Transparency

Transparency is one of the key standards observed by reputable and trustworthy brokers. They disclose essential information related to their operations clearly and openly without holding back any detail. 

Disreputable and untrustworthy brokers, on the other hand, are never forthright with everything. Everest Trust, for instance, has not disclosed the minimum deposit, indicating a lack of transparency when it comes to the terms and conditions. They’ve employed this tactic to hide their fraudulent practices even as they seek to lure unsuspecting investors. 

4. The Absence of Demo Trading Accounts

You should be wary if a broker isn’t offering demo accounts on their platform. These unreal/simulated trading accounts are essential resources for beginner traders. They help inexperienced traders practice, test strategies, and acquaint themselves with a broker’s trading platform without putting their real funds at risk. 

Authentic brokers will have no problem providing traders with demo accounts. On the contrary, fraudsters masquerading as trading brokers will since these simulated trading accounts will easily expose their fraudulent schemes. 

5. They Only Accept Deposits In Bitcoin

Another red flag is that Everest Trust only accepts deposits in Bitcoin as evidenced in the screenshot below:

A screenshot shows suspicious terms and conditions for deposits and withdrawals. 

It’s a rare approach only seen in scam brokers. Legitimate brokers never restrict deposits to cryptocurrencies only. 

Some fraudulent brokers prefer cryptocurrency-based deposits due to anonymity, irreversibility, and chargeback circumvention. 

Matter of fact, it’s very difficult to initiate a chargeback on deposit transactions done using cryptocurrencies and recover your money successfully. Cryptocurrency-based deposits are more difficult to recover. Determining the identities of the parties involved is no walk in the park since those transactions are blockchain-based and anonymous. But it’s still possible after a thorough investigation with a competent chargeback service provider.  

6. YouTube Channels Reports

A few YouTube channels with credible information warn that Everest Trust is a scam broker. 

For example, Forex Brands Analysis states that this platform is a scam, citing several reasons, including; 

• Firstly, the website has not disclosed the owners of the company, which raises questions.
• Secondly, the website has not revealed the so-called experts responsible for trading.
• Thirdly, the platform is neither licensed nor regulated, making it a highly risky trading platform.
• Lastly, the company has not shared its audited financial accounts, a crucial aspect in the industry, which investors require to make well-informed investment decisions.

Similarly, Verified Forex Reviews urges potential investors to avoid this platform at all costs, referring to it as unequivocally a fraudulent entity. It points out that the legitimacy of this group raises concerns due to many issues including; 

• Unanswered queries.
• Dismissed concerns.
• A complicated and frustrating withdrawal process marked by unexpected obstacles.
• A lack of clearly outlined regulatory credentials. 
• The absence of transparency(which I also cited earlier in this independent Ever Trust review). 

Likewise, Legitreviewz1 calls this broker “a confirmed scammer,” pointing out many customer complaints about depositing money and receiving no services and the company’s insistence on transactions being done only via cryptocurrencies, raising suspicion. 

My Final Verdict On Everest Trust

To sum up this independent Everest Trust review, Everest Trust is a fraudster masquerading as a trustworthy broker. Their platform; everestrust.com looks professional and convincing to the untrained eye. However, the motive behind it is sinister, targeting unsuspecting investors. The purported broker is unlicensed and unregulated, operating without transparency and accountability. Plus, the fact that they only accept transactions in cryptocurrency and that several YouTube channels warn that they are fraudulent, further indicates that Everest Trust cannot be trusted. Don’t forget that I also recently had an unsatisfactory personal experience with them, which revealed to me that this broker is a real scammer. 

Pursue Your Funds!!!

Have you been scammed by Everest Trust or a similar scam broker?  If so, and you have evidence, talk to us by clicking here. Or email scamread@scamreader.info.