Get ready for the rollercoaster of deception as this Everrise Brokers review exposes fraudulent practices of an anonymous firm now shut down after several authorities have interfered.
Promising nothing but smoke and mirrors, these cons hoped to get as many people as possible to invest in their fictitious services, only to immediately disappear with their money. Brace yourself for the shocking truth.
Regulated by: |
Unregulated Forex Broker |
Is This Company Safe? |
No, this company was labeled as a scam, so they are not safe at all! |
Known Websites: |
everrisebrokers.com – inactive |
Have Warnings from: |
FINMA, FCA, IOSCO, FSMA, CONSOB, CNMV, FCNB, CSA, MSB, CBR, BCSC, ASIC |
Registered in: |
Switzerland (alleged) |
Operating since: |
2007 |
Trading Platforms: |
Web trader |
Maximum Leverage: |
1:300 |
Minimum Deposit: |
$150 |
Deposit Bonus: |
Yes |
Trading Assets: |
crypto, Forex, commodities, indices, metals, stocks |
Free Demo Account: |
No |
How to Withdraw from This Company? |
Withdrawals are locked – better get legal help with acquiring your initial investment. |
Regulatory Warnings Against Everrise Brokers Scam
The Everrise Brokers scam was notorious with more than a few financial authorities. The reasons for that are many. First off, this company was selling nothing but rotten lies for the sake of defrauding retail Forex investors.
That has immediately attracted negative attention from the various regulatory entities, which have decided to rebuke the false claims and expose this firm as an unscrupulous conduct. Because of their claims about being headquartered in Switzerland, FINMA has raised a red flag first. This has prompted other institutions to do the same, including FCA, CNMV (reposted by FSMA and IOSCO), MSB (reposted by FCNB and CSA), CBR, BCSC, ASIC, CONSOB.
Everrise Brokers Reviews – Victims’ Testimonials
What other rating than negative could we expect of a company with a dozen regulatory warnings and nothing but bad brokerage practice to show? The reviews posted on Trustpilot indicated numerous problems customers were facing while attempting to make money on this faux brokerage platform.
The issues didn’t pertain only to dysfunctional software, but bad customer service, issues with the Everrise Brokers withdrawals and an overall poor client treatment. The fraudsters paid no heed to their duty of supporting their community and delivering the promised services. Sitejabber only sports one review so far and it’s a negative one as well.
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.
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.