Everrise Brokers Review: All About EverriseBrokers.Com
Well, well, if it isn’t another scamming business already known to top-tier regulators. Everrise Brokers doesn’t reveal the name of the owning company. The address mentioned leads you to think they’re based in Switzerland.
Even if they were, they still don’t have the permit from the jurisdictional regulator to offer their services to Swiss traders. That’s why FINMA has issued a warning against Everrise Brokers:
There’s one more latest warning, issued by yet another influential EEA regulator, CONSOB:
Not showing transparency and not owning a regulation, Everrise Brokers is as fake as they get. Excellent service, customer orientation, and integrity advertised do little to convince traders to invest when the firm is phony.
We have found other troublesome facts on this financial swindler, so read our Everrise Brokers review to learn about them too.
Nevertheless, you should avoid dealing with shady brokers like SkyFx Trader, Accurate FX Markets, and MondialFx.
|Blacklisted by||FINMA, CONSOB|
Is Everrise Brokers a Reliable Broker? Regulation and Safety
None of the legal documents on the Everrise Brokers website show proof of regulatory directives. It is as if it’s such an insignificant thing that it isn’t even worth mentioning.
Or perhaps the website owner thought if they don’t mention regulation, no one will remember to check for it. Either way, Everrise Brokers hasn’t obtained permission to sell financial services or products to anyone.
Another piece of evidence that confirms that is the warnings issued by FINMA and CONSOB. FINMA accentuates that Everrise Brokers was not entered in the commercial register. CONSOB warns about the agency not having a license to perform brokerage activities.
Being licensed by a jurisdictional regulatory body means a brokerage enterprise is capable of providing the highest customer protection and funds’ safety.
Clients can enjoy the benefits of trading in a stable environment that provides the means of achieving profitable trading results. Negative balance protection and leverage limitation serve to protect the investors from losing big.
None of that is certain when the broker is not operating under supervision. Everrise Brokers isn’t just blacklisted by the two regulators, they don’t show up in any database.
Everrise Brokers Trading Platform
You can complete the signup process easier and get access to a web trader. Apparently, it’s the only form of a trading terminal provided. This is a poor investment by the broker and speaks volumes about how serious and dedicated they really are.
The obvious deficiency of the trading platform isn’t all that motivating for traders. Perhaps it could, for a while, help novices practice improving their skills but even that is questionable.
You’ve probably heard about the leading software solutions in the online trading industry. MT4 and MT5 are so widely used and respected exactly because of their flexibility, a range of comprehensive options, and customizable tools for both professionals and beginners alike.
Everrise Brokers Trading Instruments
Everrise Brokers allows access to a couple of instrument groups to buy/sell:
- Cryptocurrencies (BTC, ETH, USDT, BNB, USDC, BUSD, XRP, DOGE, ADA)
- Indices (S&P 500, NASDAQ 100, FTSE 100, DAX 30, AUS 200, Nikkei 225, CAC 40)
- Commodities (oil, gas, gold, silver, cocoa, coffee, wheat, sugar)
The maximum leverage the broker can offer goes up to 1:300. Trading commissions and spreads are starting at 0.1 pips, which isn’t so bad. Or at least it wouldn’t be if the broker was real and not a financial swindler.
Deposit and Withdrawal Methods
When we accessed the client area at Everrise Brokers, we were offered wire transfers and credit/debit cards as funding methods. As scammers are known for enforcing crypto depositing, it’s a real surprise Everrise Brokers didn’t limit the investing to cryptocurrencies.
The minimum amount to deposit is $150 before being able to start trading.
Withdrawal supposedly doesn’t take more than 5 business days to be processed. However, the catch is that the company reserves the right to reject withdrawal requests. Imposing additional fees is also a usual sort of robbing the clients some more, so Everrise Brokers does it too.
How Does The Fraud Work?
Everrise Brokers has a pretty friendly approach. The well-trained scammer could make you believe anything, as long as you’re at least a tad bit intrigued. They can warn you about the risks and potential loss, but the promises of huge profit simply sound too attractive to refuse.
Actors in the roles of professionals and trading experts will urge you to deposit more so you can win more money. Eventually, you will slowly start to realize the truth. Scammers will drop unexpected commissions and charges and prolong the refund process.
One characteristic trait that’s universal with all cons is the bonuses are treated as non-deposited funds. They’re conditioned by unreachable trading volume requirements. In the case of Everrise Brokers, you have to make a turnover equal to 40 times the amount of your deposit plus a bonus added.
Everrise Brokers Summary
No license or regulation, operating as an illicit entity and blacklisted by FINMA and CONSOB. These are just some of the vital signs of this broker being a phony.
We could add more, as we have revealed throughout this Everrise Brokers review. Like the malfunctioning, web-based, oversimplified trading terminal and fees unexplained. More shadiness is shown in the way this broker deals with deposits and withdrawals.
All the signs imply this broker shouldn’t be trusted. Investing here bears a huge risk of your funds being stolen and never returned to you.
To avoid going through that much trouble and distress, choose one of the regulated brokers we’ve suggested. Or pick your own, it is entirely up to you. Always be cautious while at it.
FAQs About Everrise Brokers Broker
What Funding Methods Do Everrise Brokers Accept?
Depositing at Everrise Brokers is done through bank wire transfers and credit/debit cards.
How Long Do Everrise Brokers' Withdrawals Take?
Processing the withdrawal takes several working days but allegedly not more than 5.
Is My Money Safe with Everrise Brokers?
This broker doesn’t conduct their business while conforming to regulatory standards, so you cannot expect them to handle your funds legally.