Everest Trust

Do you have a desire to earn well by trading on financial markets? A CFD broker Everest Trust promises everything you need for this, as long as you open a trading account. The company is ready to provide traders with access to hundreds of trading instruments, a modern trading terminal, educational materials, and qualified support. Do you think it’s suitable for you? We’re sure it’s not because all the offers are designed only to lure traders, to make them deposit funds. How not to become a victim of these scammers? Read our review.

Overview of Everest Trust

To objectively evaluate a particular broker, traders need to analyze all available information about it. The first and most important source of information will be the company’s official website, and that’s exactly where we started our acquaintance with Everest Trust.

Broker History

The first thing we would like to see on any website is the company’s history. For us, information about its establishment, awards and achievements, and plans for the future is one of the most important components of the broker’s reputation.

However, the creators of Everest Trust seem to think differently. They are ready to fill all the pages with materials talking about the broker’s advantages (albeit entirely unsubstantiated, without supporting facts). Meanwhile, they couldn’t honestly say anything about licenses or other significant dates. Well, we believe that the project owners simply have nothing to say. Of course, we will conduct a check later.

Everestrust.com Website

It can’t even be said that the official website looks attractive. Developers have practically failed to do anything:

• The page scaling works terribly.
• They look boring.
• Even the color combinations are poorly chosen.

And we haven’t even mentioned the content yet. It’s also bad here. For example:

• There are only 7 pages on the website, and 3 of them are devoted to account types.
• The “Cryptoassets” page does not give the slightest idea about the conditions for trading cryptocurrencies and options for earning on them.
• In the platform description, it’s unclear where the MetaTrader 4 block came from, although A terminal has no relation to the MetaQuotes product.

Everest Trust has more than enough problems. It’s worth noting that finding useful information on its website is not easy. For example, the broker does not talk about payment methods at all and maximally hides trading conditions, etc.

In short, this creation is simply useless for attracting and informing customers.

Registration Process and Personal Account

The registration process for a new client at Everest Trust bears little resemblance to the procedure at a regulated broker. The form that visitors need to fill out is quite simple and even visually differs significantly from what we usually see at licensed companies.

You will need to fill in:

• First and last name.
• Email address.
• Password.
• Phone number.
• Country of residence.
• Account currency (to be selected from the list).

Traders are also required to confirm their agreement with the Terms & Conditions and Privacy Policy.

The registration process violates most laws and regulatory requirements. For example, Everest Trust does not verify the entered contact information, does not request a residential address and questionnaire, and does not offer to review the Risk Disclosure. Therefore, a new client immediately enters the personal account right after filling out and submitting the form.

The personal account implements the necessary minimum of functions. This includes:

• Editing personal data (there is even a tab for the questionnaire, but it’s empty) and submitting documents.
• Depositing funds and placing withdrawal requests.
• Viewing account history (trading and non-trading operations).

The template used by Everest Trust is familiar to us. It’s widely used by scammers. It seems that we have encountered one of them.

Trading Platform

The broker’s trading terminal looks quite appealing. However, its functionality leaves much to be desired. Although it is based on a widget from TradingView, developers have failed to build a fully-fledged platform around it.

There are still many drawbacks:

• Only one price chart in the workspace.
• Inability to add custom or third-party indicators and trading robots to the list.
• Issues with selecting tickers for executing trades.
• Inability to save chart and platform settings.

It seems that the owners of Everest Trust are well aware of its functional inadequacy compared to the best examples on the market. This is likely why there are mentions of MetaTrader 4 on the official website. Alternatively, one might think that the company’s specialists are so unfamiliar with trading that they cannot even accurately describe the terminal they work with.

Contacts

The Everest Trust website provides contact details, including:

• Email address: support@everestrust.com.
• Phone numbers: +447458030297 (UK) and +61352923018 (Australia).

The company’s address is also listed on the page: Av. des Morgines 12, 1213 Lancy, Switzerland.

However, there are some questions regarding this information. For example, in the footer, where the company’s registration details are provided, a completely different phone number is listed: +41 61 508 31 33 (Switzerland). This seems to be more accurate. The UK and Australian numbers appear to be virtual.

There’s another question about Everest Trust. The broker does not have a single link to social media profiles. It seems that the platform’s creators do not expect it to exist for long, so they decided not to spend time and effort on creating and maintaining active groups and channels.

Analysis of Services Offered by Everest Trust

Traders might wonder what Everest Trust can offer them. Let’s take a look at its conditions.

Funding and Withdrawal

As mentioned earlier, managers does not provide any information about the terms of non-trading operations. We planned to find more details in the personal account. However, the broker let us down here as well.

On the “Deposit” tab in the “Cashier” section, only one payment method can be found — bank transfers. However, users won’t be able to fund their accounts. After filling out the form and submitting it, nothing happens.

Clearly, clients of Everest Trust will have to contact support. This is exactly what scammers are aiming for. Publishing their details is not in their interest to avoid attracting the attention of financial and tax authorities. In a private conversation, support may provide not only details but also use completely different methods.

Everest Trust Trading Conditions

Traders, when choosing a broker, are primarily interested in its trading conditions. Everest Trust applies the same methods as hundreds of other scam platforms.

They divided the information about trading accounts into several pages. The only thing the broker indicated is the leverage sizes, and even then only for the lower-level accounts.

There are six account types in total: three levels of Standard, two levels of Premium, and one VIP level only at the first level for Standard and Education accounts, with leverage set at 1:25 or 1:100. For others, they can be adjusted by an user.

This table doesn’t even include the minimum deposit sizes for each of their tariff plans. However, the list includes many options that may be of interest to beginners who cannot rely on their own resources when making trades. Therefore, to attract them, the offerings for those who need assistance are given maximum attention.

Is Everest Trust Trustworthy and Reliable

We have analyzed almost all the information provided by the broker on its official website. As a result, we have confirmed that we are dealing with a real scammer. Now, let’s consider the legal information about Everest Trust.

Assessing Legitimacy

So, managers has published some data claiming to be registered in Switzerland, providing an address and phone number. We can verify this information through the country’s business registries.

A search by name in the registry shows that no such company exists in Switzerland. However, in the Everest Trust documents, we found some other information. The Terms & Conditions state that the company’s relations with users are governed by the laws of Saint Vincent and the Grenadines. Disputes between them are also considered under these laws. Therefore, it’s worth checking the registry of this Caribbean country.

However, such a record was also not found in the SVGFSA registry. Since we couldn’t find any information about the company, we can draw the following conclusions:

1. Everest Trust is not legally registered.
2. A platform that is not officially registered cannot obtain permission to provide brokerage services.
3. Its operations without regulatory documents are illegal.
4. The broker does not conduct trades but merely simulates them since a virtual platform cannot interact with liquidity providers, execute trades on real markets, or receive quote flows from providers.

However, most of these conclusions were drawn at the stage of reviewing the official website. Now we are sure that Everest Trust is a blatant scam, and therefore, it is not worth opening or funding accounts here.

Established Track Record

We need to return to the promise to check the registration date of the company and its duration on the web. The broker does not provide information about when this happened. Therefore, we will have to use third-party sources. The Whois service will serve as such a source, which indicates a domain registration date.

We see that the domain was registered in July 2023. However, this does not necessarily mean that Everest Trust started operating precisely at that time. If we pay attention to the date of the last changes, we can assume that active activity on the domain began only in January 2024. In any case, the platform has existed for no more than half a year. This explains why its owners prefer to conceal all information about its history.

Implications for Traders

Everest Trust has made every effort to present itself as a licensed CFD broker. However, this is hindered by a carelessly executed official website and unreliable information on its pages. Moreover, the platform operates without official registration and a license, even from offshore regulators. Sending funds to the accounts of this pseudo-company means losing them. For those who are not ready for such a risk, we recommend forgetting about the platform altogether.

Strengths and Weaknesses