EverestCM Review: Is This Broker Safe or a Scam?
In the current unstable online trading environment, traders need to be extremely cautious when selecting a broker. This EverestCM review reveals concerning information about EverestCM, a broker that has received harsh regulatory warnings and unfavorable reviews. Despite its claims to provide transparent and safe services for traders of all experience levels, a number of warning signs point to a possible scam.
Unregulated and Risky: EverestCM at a Glance
- Company Name: EverestCM (Operated by Myrtle Ltd.)
- Website: https://everestcm.com (Currently Not Working)
- Address: Suite 602, 6th Floor, Hennessy Tower, Pope Hennessy Street, Port-Louis, Republic of Mauritius
- Minimum Deposit: $100
- Claimed Platform: MT4 (But unavailable)
- WiKi FX Score: 1.46/10 — Danger Level
- Warning Notices: Mauritius Financial Services Commission (Mauritius FSC) and Comisión Nacional del Mercado de Valores (CNMV)
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
Even though EverestCM claims to be registered with the Mauritius FSC, the information that is currently available indicates that it is not subject to any financial authority’s regulation. This broker has been officially warned by the Spanish CNMV and the Mauritius Financial Services Commission (FSC) for providing unapproved investment services.
EverestCM Scam Exposed
Regulatory Warnings
It is important to note that the Mauritius FSC warned EverestCM on February 28, 2023, that the company does not have a license to operate in its jurisdiction. Similar to this, EverestCM was reported for engaging in unlicensed investment activities by Spain’s financial watchdog, the CNMV, in April 2022.
False Claims and Inaccessible Website
EverestCM claimed to be a regulated and trusted broker — however:
- It has no valid license.
- Its website is down, adding to suspicion.
- It falsely promoted regulation status it never had.
No Trading Software Available
EverestCM does not offer any trading platforms, like the claimed MetaTrader 4, in comparison with reputable brokers. In addition to misleading users, this prevents trading and turns the broker into a deposit trap.
Summary of Red Flags
- No regulation – verified by FSC and CNMV warnings
- Website offline – currently inaccessible
- No working trading platform
- Fake claims of regulatory compliance
- Poor trust scores – WikiFX rating of 1.46/10
This EverestCM review confirms the broker displays clear signs of scam behavior and is not a safe platform for investing your money.
Frequently Asked Questions (FAQs)
Q1: Is EverestCM regulated?
No. EverestCM is not licensed or regulated by any recognized financial authority.
Q2: Can I trade with EverestCM right now?
No. Their website is currently non-functional and they offer no trading software.
Q3: What is the Everestcm.com review on Trustpilot?
There is limited presence, and user reviews echo the same complaints — poor transparency and fund withdrawal issues.
Q4: What platform does EverestCM use?
They claim to use MT4, but it’s not available, making trading impossible.
How to Recover Money from Scam Brokers
If you’ve lost money with EverestCM or a similar suspicious broker, you’re not alone. Many traders fall victim to brokers that operate without regulation, make false claims, and vanish after collecting deposits. Thankfully, help is available.
Visit Lycan Retrieve — a professional platform dedicated to assisting victims of financial fraud. Our expert recovery staff can help you with the money recovery process. We work alongside legal and regulatory bodies to track fraudulent brokers and build strong cases for fund recovery.
You can start with a free consultation, where we assess your situation and provide a strategy tailored to your needs. If you suspect you’ve been scammed, don’t delay. Your chances of success increase with the speed at which you take action.
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