Everrise Brokers Review – Avoid Investing With This Suspicious Site
Everrise Brokers is a brokerage firm based in Switzerland, supposedly founded in 2007. The company is attracting customers with promises of latest technological solutions and full protection of clients’ info and funds.
The first red flag to be found is the lack of legal documentation proving the existence of regulation. Another concerning fact is that there’s a warning issued by the Swiss jurisdictional regulator (FINMA).
Do not rush into investing with this broker and read this review first.
In top of that, we seriously recommend you not to invest in the fake brokers VirtusCapital, Winnex Consulting, and Limit Markets. Do not trade with these unlicensed brokers if you want to save your money!
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||FINMA|
|Minimum Deposit:||150 USD|
|Cryptocurrencies:||Yes (BTC, ETH, LTC, BNB, NEO)|
|Types of Assets:||Crypto, forex, commodities, indices, metals, stocks|
|Free Demo Account:||No|
|Accepts US clients:||Yes|
Is Everrise Brokers a Regulated and Safe Broker?
Since the site does not give proof of regulation, we have checked the registers that financial authorities keep. However, Everrise Brokers does not appear in the lists of regulated brokers at FCA, CySEC, CFTC, IIROC, CONSOB, BaFin.
Furthermore, Everrise Brokers is based in Switzerland. Naturally, we checked the FINMA database of licensed entities. The result was concerning, as Everrise Brokers is not only unlicensed by FINMA but is also blacklisted by this regulator. FINMA states that Everrise Brokers is a company carrying out unauthorized services without being supervised by this regulator.
All these facts serve as a warning sign not to trust Everrise Brokers. Without being regulated, this broker cannot provide funds security, customer protection, risk-reduction standards.
Why Is Trading On a Licensed Broker’s Platform Preferable?
Licensed brokers provide full security of funds and complete transparency, in accordance with regulatory standards. They’re always being supervised by the jurisdictional financial authorities. In case of a wrong move, legal action is taken.
Clients are fully protected and guaranteed that they won’t lose more than they have invested. Trading is done on reliable software.
How Reliable Is Everrise Brokers Broker?
Everrise Brokers is an unlicensed firm, blacklisted by FINMA. Without the necessary license and regulation, a warning against Everrise Brokers has been issued by the Swiss regulatory body. Therefore, be careful when dealing with this shady company.
What Trading Software Does the Everrise Brokers Broker Offer?
Everrise Brokers offers access to a web based platform with quite limited functionality. The terminal shows a basic chart and a few customization possibilities. The left side of the trading area shows the choice of trading instruments groups.
This type of trading platform can hardly compare to industry leaders like MT4 and MT5. These platforms are used by most successful brokerage companies today and over a variety of features.
AnyDesk and TeamViewer
One of the scamming strategies is the usage of remote control over the clients devices. This is achieved by convincing the client to install certain apps (AnyDesk, Team Viewer).
With their help, frauds gain access to clients’ laptops, desktop and other relevant platforms. The misuse includes getting a hold of users’ private information like credit card credentials.
Everrise Brokers Accounts Overview
Account types offered at Everrise Brokers with the cost are the following:
- Silver – $10 000
- Gold – $25 000
- Platinum – $50 000
- Diamond – $250 000
- Millionaire – private invitation
Also remember the names of the Zetano, Invest Kingdom and FastEarnings247 trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
Everrise Brokers – Countries Of Service
Everrise Brokers focuses on clients from the English speaking areas. The list includes countries like the UK, Australia, Canada and the US. Other countries are included also. Seems like Everrise Brokers doesn’t refrain from offering financial services to residents in the areas where they are not regulated.
Bonuses and One-Time Trade Credits
Everrise Markets offers certain bonuses and rewards for the new clients and the existing ones. These are given to clients as a part of the promotions programs. One-time trading credits are limited time offers that have conditions included.
The clients can only withdraw the bonus after reaching the trading volume equivalent to the amount of 40 times the combined value of the initial deposit and bonus added.
What Is Known About Everrise Brokers’s Trading Conditions?
Maximum leverage possible at Everrise Brokers is 1:300. Needless to say, this high leverage is banned by most top tier regulators and is limited to 1:30 or 1:50. Spreads offered are pretty tight, starting from 0.1 pips.
Clients can trade several classes of trading instruments, which include: crypto, forex, commodities, indices, metals, stocks.
Client area suggests wire transfers and credit card payments as possible ways to deposit. Minimum funding amount from the user area is $150.
Promotions, prizes and bonuses are not exactly described but it is stated that they do come with conditions, as the mentioned trading volume requirement of x40.
Withdrawals are processed within 5 working days but the company keeps the right to cancel them, in case they’re considered not to fulfill the conditions.
Scammed By Everrise Brokers Broker? – Let Us Hear Your Story
Getting scammed is not a pleasant experience. However, it is certainly not a shameful thing to speak about. If you have ever been defrauded by Everrise Brokers, feel free to tell us about it.
We can provide you with help reporting the scammer and starting the chargeback process. Contact us today and start your chargeback process.
But What Is A Chargeback?
Chargeback is a process the defrauded clients starts for the purpose of retrieving the stolen funds. This process is important to be initiated as soon as possible. So be sure to act quick, as it is of utmost value.
Contacting your credit card issuer within the first 540 days after the first deposit is a sure way of starting the refund process. If you still have any doubts or insecurities, we encourage you to refer to us for advice.
What Is Everrise Brokers?
Everrise Brokers is a shady website selling online financial and transactional services.
Is Everrise Brokers a Scam Broker?
Considering the fact that Everrise Brokers is operating without license, they can be treated as a scam broker.
Is Everrise Brokers Available in the United States or UK?
Yes, Everrise Brokers offers their services to the residents of the UK and the USA.
Does Everrise Brokers Offer a Demo Account?
No, this broker does not offer the possibility of opening the trial account with virtual funds.