Everest Trust has positioned itself as a leading provider of brokerage services in the global financial markets. Although the company lists its head office in Switzerland, its Terms and Conditions document, paragraph 21.10, states that it governs client relationships under the laws of St. Vincent and the Grenadines. Meanwhile, the firm does not provide a license. Can you trust your money to this intermediary? We will review the official portal of Everest Trust and draw conclusions about the legitimacy of this broker.
How to Trade
Everest Trust offers MetaTrader 4 and proprietary WebTrader trading platforms, which users can install on PCs or mobile devices. Clients can use CFDs to make money on Forex, cryptocurrencies, and other popular assets.
You can trade on this platform by choosing a plan from three account categories:
- Three standard accounts with limited access to terminal functionality.
- Two types of premium accounts with access to higher-level assets and options.
- VIP services with full access to all markets, instruments, and assets.
Everest Trust does not disclose trading conditions to potential clients. Spreads, commissions, and even minimum deposits are not listed on the official website.
The broker considers withdrawal requests up to 5 business days, the minimum withdrawal amount is not disclosed. Everest Trust demonstrates the analytics of the TradingView platform, which you can connect to yourself.
Everest Trust Vital Info
The company does not disclose the names of its owners, there are no photos and biographies of the project managers on the website, and the date of its foundation is not specified. As for the domain, it was registered in July 2023, probably the brokerage activities of the firm started after this date. We cannot understand where the financial activity is controlled – in Switzerland, where the headquarters of this company is allegedly located, or in the jurisdiction of St. Vincent and the Grenadines, which is specified in the User Agreement.
The administration of the site does not indicate numbers and copies, licenses, certificates of registration of the company. Our full check of the registers of legal entities showed that there are companies with the name Everest Trust on almost all continents. However, we did not find such a brokerage organization either in Switzerland or in Saint Vincent and the Grenadines. Does such a service deserve your trust? Does the broker work within the legal framework? Unfortunately, we were not able to make sure that traders work safely on this dubious site.
I deposited $300, but after further testing of the terminal I realized that this service does not suit me. I started to withdraw the entire amount, but I got a call from a guy who introduced himself as a manager and he asked why I didn't pay 50% commission for fast deposit/withdrawal. He said that I was laundering money and informed me of other suspicions and that if I didn't deposit another 50%, the transaction would be disbanded. I'm not getting my money back :(
My opinion is negative about the company, with which we had a short cooperation. I deposited a large sum of money without thinking about security at that moment, as I was a bit inadequate. The Everest Trust specialist called me the next morning and I remembered that I had £12,000 in my account with this company. I decided to withdraw the whole amount and contacted the company with a request, and I was pleasantly surprised by the attitude of the staff, they explained to me about the verification procedure and that such transactions are perceived by security services in all financial organizations as suspicious, related to the laundering of criminal funds. I knew that my money was honestly earned and I had all the proof, but I was still a bit inadequate and insisted on the return of the payment. The administrators persuaded me to leave at least £2k with the firm and try to multiply this amount. Since I did not understand anything at all about forex trading, but I was interested for some reason in this offer, and the broker provided me with a personal manager, who was to handle my deposit and help me. After a few weeks I already had more than £2,500 in my account, despite the fact that the analyst and I chose strategies that were not too risky, as he explained to me. The profits inspired me and I decided to keep trading. I now trust the company with large sums of money and I trust the advisors, as the trading always comes with good profits!
A solid company gives me a good chance to earn money. I recommend the site especially to those who are not on their first day in trading, with skills and knowledge. Although it is also possible for beginners to try their strength and get a successful experience. I'll stay on Everest Trust for a long time, I can't say anything bad, although there are not only one pluses, but everyone has problems sometimes.
My acquaintances from social networks recommended me this broker, however, I was not particularly interested in such earnings. I'm confused, and I think - should I trust Everest Trust if they don't have certificates from Swiss official financial commissions? I know for sure that licenses are required for legitimate organizations so that clients can work safely, and here the situation is unclear. I'm afraid that I will lose money and no one will help me to get it back.....
I thought that the company seemed reliable, I even withdrew money several times, small amounts, and then my account was blocked for unknown reasons.
The terminal is terrible, as soon as I started trading, all sorts of problems came out. Charts constantly don't respond to your stop loss, I get calls from annoying consultants from different numbers with requests: "Put more money on your account, take a consultation", etc. And then I realized that I had fallen into some scam, not in a real, legitimate brokerage firm.
Be careful, these are scammers who drain the client's deposit through a personal manager. I lost 3,524 dollars in a month😡 As I understood, they work with each client individually, so on the site everestrust.com scammers don't tell you anything specific, there's no company data, no information about the owners too.
I tried to get used to the Everest Trust authoring platform for a long time, but I couldn't. Until now, trading here has been uncomfortable for me. In all other respects, I have no special complaints about the broker, the trading conditions are familiar, the spreads are not so wide, there are no requotes.
I applied for a withdrawal of €2 thousand in USDT equivalent, it's been 12 days and still no money. I wrote a complaint to support, but the consultants say the money is already gone, wait in your crypto wallet soon. I think this is a scam, I was scammed and my money was stolen.
I'll tell you about the personal consultant that the broker imposes on all clients. This scoundrel gains your trust and then instantly destroys your investment or makes your trading unprofitable. The consultant asks for more money, persuades me not to dwell on the loss of deposit. His advice leads me only to a margin call and emptying my everestrust.com account. So, I want to advise you not to take the services of personal consultants, or you will lose all your money.
I also fell for the Everest Trust hook, the full scam is here. I am consoled only by the fact that I invested a little money, only $480, and if I had invested several thousand, I would have suffered much more. The scammers won't let me withdraw even $50...
The managers convinced me that I would make a quick profit if I invested all my money in crypto trading. I believed and lost everything within a month and now I'm looking for lawyers to get some of my money back, but no one can help me :(
I worked with an identical site a couple years ago, it was called differently then, but Everest Trust is a one-to-one copy of it. Scammers stole $4,000 from me then, they didn't even let me trade for a month. As soon as I tried to withdraw $320, my account was blocked without explanation. All attempts to contact the support ended in failure. And now we meet again, it's the same crooks again, but I can't recover anything from them, because with crypto it's very convenient for them to avoid responsibility.