Everest Trading Ltd has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Firm states on website they are registered with The FCA when not - Breach of s24 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.everesttradingltd.com.
I requested my data from Everest Trading Ltd under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Personal attention|Economic calendar|Easy to use platform|Tax reports included
Cons: Wait times can be long during peak hours|Currency conversion fee exists
I signed up with Everest Trading Ltd after a family member had a good experience and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Professional team|Fast support response
Cons: Website design could be more modern|Limited cryptocurrency options
Tried to withdraw my funds from Everest Trading Ltd and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
I lost a significant amount because Everest Trading Ltd did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Quick verification|Good mobile app|Intuitive for beginners|Real-time alerts
Cons: No fractional shares|No integrated tax optimization
I was about to invest with Everest Trading Ltd but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Not registered with regulators|Unrealistic promises
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
I referred a friend to Everest Trading Ltd after reading several online reviews. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Personal attention|Smooth onboarding
Cons: Website design could be more modern|Some tools only available on higher tiers
The hidden fees at Everest Trading Ltd are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Low minimum deposit|Personal attention
Cons: Charting tools need more indicators
My card was charged twice by Everest Trading Ltd on the same day. I had to dispute it with my bank. Everest Trading Ltd then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Regular platform improvements|Intuitive for beginners|Customizable dashboard|Educational resources
Cons: Mobile app could be improved|Minor UI glitches occasionally