EverFX – legit or scam?

  • This topic has 7 replies, 1 voice, and was last updated 6 days ago by Ronnie.
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  • #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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      • #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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        • #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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          • #180510 Reply
            Ethan 29

              STAY AWAY FROM EVERFX UNLESS YOU WANT TO LOSE ALL YOUR MONEY

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            • #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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              • #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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                • #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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                    • #181069 Reply
                      Ronnie

                        A sobering read that really lays bare the damage this scam broker caused – ‘Billions of euros’

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