Evest presents itself as an advanced online trading platform offering access to 400+ instruments, including stocks, currencies, commodities, indices, and crypto. But behind its sleek interface and big claims, several red flags suggest potential danger for investors. In this Evest review, we’ll uncover the truth about its operations, complaints, regulations, and whether it’s safe to invest your money.
Evest Overview:
- Website: https://www.evest.com/en
- Website Availability: Yes
- Owned By: ATRIAFINANCIAL HOLDINGS LTD
- Address: 11 Blackheath Village London, United Kingdom SE3 9LA
- Warning: Not Recommended By Review Website Like Proupshot.co
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
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We’ve created a short video summarizing the key red flags of Evest.com. Watch it here:
Questionable Regulatory Claims
Evest claims to be regulated by the FSCA (South Africa) and VFSC (Vanuatu). However, these credentials don’t offer much protection to traders.
What You Need to Know:
- FSCA License No: 36060 – While FSCA is a recognized authority, many victims still report financial loss, suggesting weak enforcement.
- VFSC License No: 17910 – This is an offshore regulation known for loose standards and minimal investor protection.
Offshore-regulated brokers often operate in gray areas of the law, leaving traders with little recourse when problems arise.
Scam Complaints & User Experiences
Several complaints have been filed against Evest on trusted review sites like BrokersView and WikiFX.
Common Complaints
- “This scam forex trading company, Evest, stole over $55,000 from me through misleading trades and constant pressure to deposit more money.”
- 8 complaints on WikiFX in just the last three months.
- Issues with withdrawals, unexplained trade losses, and unresponsive support are frequently reported.
These complaints reflect patterns seen in scam operations—where user funds are locked or lost under suspicious circumstances.
Key Features vs. Real-World Risks
Claimed Benefits
- Access to 400+ financial instruments.
- Available on Web, iOS, and Android platforms.
- Up to 1:400 leverage.
- Demo accounts for beginners.
Major Drawbacks
- No MT4/MT5 support – a basic feature expected from reputable brokers.
- $5 withdrawal fee and minimum withdrawal of $25.
- $75 inactivity fee, which is unusually high.
- 2% currency conversion fee.
- High minimum deposit requirements.
- Most importantly, offshore regulation has limited safety for investors.
Frequently Asked Questions (FAQ)
Q1. Is Evest Regulated?
Evest is regulated by VFSC (offshore) and FSCA, but offshore regulation offers limited protection.
Q2. Is Evest Safe?
Based on multiple scam complaints, risky licensing, and hidden fees, Evest does not appear to be a safe broker.
Q3. Can I Withdraw My Funds?
Many users have reported delayed or denied withdrawals. Be cautious before depositing any amount.
Final Verdict – Should You Trust Evest?
To summarize this Evest review, the platform may look promising on the surface, but the number of complaints, lack of strong regulation, and negative user experiences raise serious concerns. Evest might be operating as a scam broker, and it is highly recommended that investors stay away.
Lost Money to Evest? Here’s What You Can Do
If you’ve been scammed by Evest or a similar broker, don’t panic—help is available. At Proupshot.co, we specialize in helping victims of online trading fraud. Our experts guide you through the fund recovery process, investigate the scam, and connect you with legal professionals. Take control of your financial future and get your money back. Don’t wait—act now and start your recovery journey today.
Contact Us for a free consultation regarding the recovery of your funds.
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