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Everrise Brokers Review – Don’t Let This Broker Scam You
Table of Content
Everrise Brokers, Forex traders must be aware of scam brokers that saturate the foreign exchange markets. A classic case of a fraudster is Everrise Brokers, allegedly headquartered in Switzerland.
In spite of its promise of excellent and customer-centered service that guarantees great returns on investment, this unscrupulous broker provides unfavorable trading conditions, because of which you will come up empty.
As a precaution, read the following Everrise Brokers review to find out why trading with this unlicensed and unregulated broker is extremely risky.
| Leverage | 1:500 |
| Regulation | No regulations |
| Headquarters | Switzerland |
| Minimum Deposit | 250 USD |
| Review Rating | 1/5 |
| Broker Type | Forex provider |
| Platforms | Web trader |
| Spread | n/a |
Is Everrise Brokers Broker a Scam or Legit?
Inasmuch as the Everrise Brokers broker seems legitimate on the surface, at its core, it is an outright investment scam. The first warning sign is a lack of trading credentials. In terms of regulation, Everrise Brokers operate unauthorized.
Even though it claims to be registered in Switzerland, there is no proof of this. But there is evidence that this shady brokerage company is cyber fraud. That is to say, as opposed to being authorized by a Swiss financial market regulator (FINMA), it is blacklisted by FINMA.
Investing with this unlicensed brokerage firm will put your funds in direct jeopardy. Instead of taking chances with Everrise Brokers, it is safer to select a legitimate online financial trading company. By doing so, you will minimize inherent trading risks.
For example, brokers licensed under the British FCA, Australian ASIC, and German BaFin are considered the most trustworthy. They ensure trading with peace of mind by implementing negative balance protection, segregating accounts, and cooperating with tier-one banks. On top of this, their traders are insured (e.g., compensation schemes go up to 100,000 EUR per trader).
What Options Do Traders Have for Online Platforms?
Every broker scam professes to have state-of-the-art technology. However, as soon as you start trading, you realize that it is a pretense. Unfortunately, this insight will cost you money. Therefore, think twice before taking any risks while investing money. As for trading software available at Everrise Brokers, it is a web trader with some basic functions.
Thereby, it can’t ensure safe and successful trading. For that reason, you should aim at forex providers with modern trading platforms such as MetaTrader 4, MetaTrader 5, cTrader, and Sirix equipped with advanced features like stop loss, EAs, copy trading, fast execution, unlimited pending orders, and many more.
Not only that, they are user-friendly and accessible on different devices, e.g., as a mobile trading app, desktop version, and browser-based platform. Again, the Everrise Brokers web trader is a far cry from all of that.
In addition, this dishonest scam broker offers two programs that have nothing to do with trading but are a clear indication of a trading scam. It encourages traders to download TeamViewer and AnyDesk—software for remote control employed by hackers and other cyber criminals in social engineering.
In this way, if victims download any of these options, they unconsciously allow this fraudulent broker to access their computers and steal their valuable data (e.g., credit card information).
Does Everrise Brokers Offer Different Types of Accounts?
Typical for fraudsters is to demand a hefty sum to let you start trading. In such a manner, Everrise Brokers operates. Let’s take a look at its offer of accounts.
- Silver: minimum investment of 10,000 USD
- Gold: minimum investment of 25,000 USD
- Platinum: minimum investment of 50,000 USD
- Diamond: minimum investment of 250,000 USD
- Millionaire: minimum investment of 1M USD.
Aside from these unreasonable amounts, these live trading accounts come with fabricated trading conditions that are not in accordance with legislation. For instance, its leverage ratio goes up to 1:500, meaning that you can earn five hundred dollars on every invested one.
Although this seems appealing, it is risky at the same time, especially for retail traders (less experienced). That is why many jurisdictions have restricted leverage (e.g., 1:30 in the EU/UK and 1:50 in the US/Canada).
Additionally, as expected, there is no demo account at Everrise Brokers. This option enables a trader to test the trading platform and environment without risks and costs, which is ideal for beginners.
Market Instruments Traded by Everrise Brokers
With reference to what can be traded at Everrise Brokers, allegedly, you get access to popular markets, including the following tradable assets.
- Stocks: Facebook, Tesla, Apple
- Crypto: Bitcoin, Ethereum, Tether
- Indices: AUS 200, Nikkei 225, CAC 40
- Commodities: gold, crude oil, cocoa.
Despite this offer, don’t forget that Everrise Brokers is a financial swindler involved in fraudulent trading activities. What is more, this phony broker entices traders with its affiliated program that reportedly enables you to earn by referring, which is just a decoy.
Deposit and Withdrawal Options
Keep in mind that deposits and withdrawals always cause a headache when dealing with bogus brokerage firms. As an exposed scam, Everrise Brokers can offer nothing but unsafe funding methods.
Despite the fact that this fraudulent broker displays logos of VISA, Mastercard, and wire transfer, it doesn’t mean that these means of payment are available here. Actually, it only supports Bitcoin since depositing money in cryptocurrencies is difficult to trace and reverse.
Speaking of deposits, Everrise Brokers requires a minimum of 250 USD, which is several times higher than what legit brokers demand. For instance, you can start trading with some of the top forex providers for as little as 10 USD.
Regarding the withdrawal process at Everrise Brokers, please take into account that it is an illicit broker, wherefore, there are no money withdrawal guarantees.
How Can I Get My Money Back If Everrise Brokers Scam Me?
For unsuspecting victims defrauded by the Everrise Brokers scam, we advise taking the following steps. First, don’t feel embarrassed about reporting a con trick since anyone can be cheated. Second, leave negative reviews to warn other traders. Finally, apply for a chargeback. Apropos of this, credit and debit cards offer a full refund, but you must take into consideration the 540-day deadline. Likewise, bank transfers can be canceled until a transaction is confirmed.
Lastly, the chargeback is challenging when it comes to crypto payments due to the anonymity of crypto wallets. Nonetheless, with our cyber security experts, getting your money back is possible no matter the form of payment. Thus, get in touch with our company today.
Everrise Brokers Summary
Summing up the Everrise Brokers broker review, all scam allegations and complaints against the broker are valid because of the following.
- This firm is not legit (no license, no regulations);
- It provides an inadequate trading platform (poor web trader) alongside manipulative trading software (TeamViewer, AnyDesk);
- It lies about being headquartered in Switzerland. As a matter of fact, the Swiss financial authority (FINMA) has issued a warning against this bogus broker.
In general, traders should give a wide berth to Everrise Brokers if they want to save (and make) money. Last but not least, please ignore the false Everrise Brokers reviews.
FAQs About Everrise Brokers Broker
What Is The Minimum Deposit For Everrise Brokers?
It is 250 USD. However, Everrise Brokers requires too much when compared to legal brokers.
How Long Do Everrise Brokers' Withdrawals Take?
Apparently, it takes one to several business days, but we are sure that withdrawals are not possible at all with this fraudulent broker.
Is Everrise Brokers a Trustworthy Broker?
No, it is not. Everrise Brokers is a blatant scam due to disadvantageous trading conditions, a poor trading platform, and being unlicensed and filled with lies.