Unverified

Score

0 1 2 3 4 5 6 7 8 9

/10

COVEST-FX

Seychelles | Within 1 year |

Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

https://covestfx.com/

Website

Open Account Now Time Machine

Rating Index

Contact

https://covestfx.com/

9A CT House, 2nd floor, Providence, Mahe, Seychelles

Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!

2026-04-09

This broker lacks valid forex regulation. Please be aware of the risk!

Basic Information

Registered Region

Seychelles

Operating Period

Within 1 year

Company Name

Covest FX (SC) Ltd

support@covestfx.com

Company Website

https://covestfx.com/

Address

9A CT House, 2nd floor, Providence, Mahe, Seychelles

Verified Site

About Us

Wiki Q&A

Comment

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Details

Official Website

Verified Site

covestfx.com
192.250.239.87
Server Location
United Kingdom
ICP Registration No.
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Top Visitor Locations
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Creation Date
--
Website Name
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Company
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Review summary

Covest FX (SC) Ltd is a broker operating from Seychelles, established for less than a year. The WikiFX assessment indicates a comprehensive score of 1.11, reflecting significant concerns. A key point is that the entity holds no verified, authoritative forex trading licenses; its regulatory status is designated as 'Unverified'. There is a complete lack of transparent, credible financial oversight for its operations. Specific trading conditions, such as minimum deposit, leverage, and supported platforms, are not publicly disclosed on its profile. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-09)

Company Profile

Within 1 year
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Wiki Q&A

Is COVEST-FX safe and reliable?

According to WikiFX data, COVEST-FX is assessed as a high-risk entity. It holds a comprehensive score of 1.11 out of 10, which reflects significant operational and credibility concerns. The broker lacks any credible regulatory oversight, and its licenses are flagged as 'Unverified'. This combination of a low score and an unverified regulatory profile indicates substantial risks for traders.

United States

Is COVEST-FX regulated?

COVEST-FX does not possess any valid, verified regulatory licenses for forex trading. Its profile lists two licenses—a Derivatives Trading License from the Seychelles FSA and a Market Making License from the British Virgin Islands FSC—but both are marked as 'Unverified'. In financial trading, an unverified status means the legitimacy and enforceability of these licenses cannot be confirmed, placing the broker outside of credible regulatory protection.

United States

What is the minimum deposit of COVEST-FX?

The minimum deposit requirement for COVEST-FX is not publicly disclosed. The broker's official profile lacks detailed specifications regarding account funding thresholds, which limits transparency for potential clients evaluating its services.

United States

Does COVEST-FX support MT4 or MT5?

Information on the specific trading platforms supported by COVEST-FX is not currently available on its WikiFX profile. The broker's profile does not list whether it offers industry-standard platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5).

United States

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