evest
Basic Information
Pros and Cons
Pros
- Offers over 500 trading instruments
- Leverage up to 1:400 available
- Diverse payment methods supported
- 20% bonus for new users
Cons
- Lacks valid regulatory licenses
- Negative reputation for withdrawal issues
- Limited information on account types
- Customer service quality described as subpar
- No demo accounts available
Is evest Safe and Legit?
evest, incorporated in Vanuatu in 2020, has approximately 3 years of operational experience. It offers over 500 trading instruments with leverage up to 1:400, although details on spreads and account types are limited and it operates on its proprietary platform.
Regulatory scrutiny reveals that evest lacks valid regulation, which raises significant concerns regarding its safety and legality in the financial market.
Market sentiment towards evest is largely negative, with users highlighting issues such as difficulty in withdrawals and a lack of transparency. Customer service quality has been described as subpar, contributing to frequent complaints about the platform’s reliability and overall trustworthiness.
Is evest a Regulated Broker?
What Are the Regulatory Licenses Held by evest?
evest does not hold any regulatory licenses, which raises concerns about its safety and legality in the financial market. As an unregulated broker, it operates without oversight from any mainstream or offshore regulatory authority. This lack of regulation could pose significant risks to users looking for a trustworthy trading platform.
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
evest does not hold client funds in independently regulated bank accounts, nor does it separate them from the broker’s own assets. As an unregulated broker, it lacks participation in investor compensation funds or insurance schemes, raising concerns about the safety of client deposits.
evest Leverage
evest offers a maximum leverage of up to 1:400 for its trading instruments. However, as it operates without regulatory licenses, there is no compliance with local legal limits, and it does not classify clients as retail or professional under any regulatory framework.
evest Withdrawal Review
How to Contact evest?
evest has garnered a negative reputation primarily due to withdrawal issues, with a notable proportion of complaints focusing on difficulty in accessing funds. Users often cite delays and complications when attempting to withdraw their funds, leading to frustration. Credible sources of complaints include various online trading forums and review platforms where dissatisfied customers share their experiences. The broker’s handling of these complaints has been described as inadequate, with slow response times and limited resolutions offered. There are repetitive complaints regarding withdrawal challenges, although evest has not faced any regulatory penalties or warnings to date.
Frequently Asked Questions
A1: evest lacks valid regulatory licenses, which raises significant concerns regarding its legitimacy and safety in the financial market. As an unregulated broker, it operates without oversight from any regulatory authority, posing risks to users.
A2: evest does not hold client funds in independently regulated bank accounts nor separate them from its own assets. This lack of protection raises serious concerns about the safety of client deposits.
A3: evest has a negative reputation primarily due to withdrawal issues, with many users reporting difficulties in accessing their funds and experiencing delays or complications when attempting to withdraw.
A4: Users can contact evest’s customer support via phone at +966 8008-501-019 or +971 800-0311-1248, or by email at support@evest.com. However, customer service quality has been described as subpar, leading to frustration among users.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.