EverFX – legit or scam?

This topic has 9 replies, 1 voice, and was last updated 3 weeks ago by AldoDC.

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June 11, 2024 at 06:04 #180292 Reply
Aston
Hello there,

I’ve seen a mix of stuff about the brokerage EverFX, does anyone know what actually happened and what they did?
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- June 11, 2024 at 11:54 #180380 Reply
  Intraday Insider
  I have been trading for years and the EverFX story is up there with one of the worst I’ve seen in that time.
  
  They basically preyed on people who didn’t know better with loads of dodgy tactics like ringing people up every day and pestering them. They would say how much they know about the markets and convince people with money they should invest in companies based outside of known regulatory jurisdictions. It’s really disgusting behavior taking advantage of people like that.
  
  The BBC did a good piece on them, here you go – https://www.bbc.co.uk/news/world-65038949
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- June 11, 2024 at 17:03 #180479 Reply
  James Barra
  Moderator
  DayTrading.com Team
  Hi Aston,
  
  Thanks for your message.
  
  EverFX have been suspected of numerous questionable trading practices:
  - Using deceptive, high-pressure tactics like cold calling to lure in traders promising high returns with limited risk.
  - Not being regulated by the financial bodies they claimed to be and directing traders to weakly regulated entities.
  - Not honouring legitimate withdrawal requests from clients.
  A number of financial bodies have taken action against EverFX, including the FCA.
  
  We do not recommend trading with any brand claiming to be associated with EverFX.
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- June 12, 2024 at 05:32 #180510 Reply
  Ethan 29
  STAY AWAY FROM EVERFX UNLESS YOU WANT TO LOSE ALL YOUR MONEY
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- June 13, 2024 at 07:21 #180645 Reply
  Clive
  Aston if you Google them you will find so much about some of the dodgy things EverFX apparently did.
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- June 14, 2024 at 06:52 #180876 Reply
  Ronnie
  EverFX have been part of one of the most high profile scams in the trading world in years.
  
  I thought the industry was heading in the right direction but people likes this really set us back and it all emphasizes the need to prioritize using a big, regulated firm.
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- June 14, 2024 at 14:37 #180954 Reply
  Joan
  Read this if you’re in doubt – https://www.occrp.org/en/daily/17182-spanish-police-arrest-key-figure-in-scam-brokerage-linked-to-fraud-factory-investigation
  
  They arrested one of the main guys behind EverFX.
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  - June 16, 2024 at 14:16 #181069 Reply
    Ronnie
    A sobering read that really lays bare the damage this scam broker caused – ‘Billions of euros’
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- June 27, 2024 at 07:11 #182161 Reply
  Jamie
  These guys are crooks. Avoid like the plague.
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- June 30, 2024 at 06:36 #182511 Reply
  AldoDC
  Are EverFX still knocking about then? I thought it was game over when the news broke about them being part of a scamming network.
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