Abstract：Have you failed to receive forex bonuses as promised by EVEST? Facing a constant spell of capital losses due to its manipulative trade practices? Is withdrawal getting constantly delayed or denied by the broker? You are most likely with a scam forex broker, which has been heavily criticized for its operational chaos. In this article, we have shared the comments traders have made against EVEST. Take a look!
Have you failed to receive forex bonuses as promised by EVEST? Facing a constant spell of capital losses due to its manipulative trade practices? Is withdrawal getting constantly delayed or denied by the broker? You are most likely with a scam forex broker, which has been heavily criticized for its operational chaos. In this article, we have shared the comments traders have made against EVEST. Take a look!
Top Complaints Against EVEST
Fake Forex Bonus Offers
EVEST tricks traders into joining the platform under the guise of fake forex bonus offers that do not materialize. There are multiple complaints regarding this issue. Among these, we stumbled upon one review wherein the trader not only failed to receive bonuses but also lost an overall sum of $11,000. Here are the words of the trader.
Capital Losses from Manipulative Trading API
Traders claim that EVEST runs a manipulative trading API, following which they suffer losses. One broker had to take someone elses help to recover the entire funds. Here is that trader expressing disappointment over trade manipulation.
High Deposit Pressure, No Withdrawals
The broker constantly makes traders deposit and disallows them from withdrawing funds on time. With this, the broker makes sure you trade more, which can prevent you from booking profits. Here are two screenshots explaining these problems.
Sudden Change in Forex Spreads Shrinks Trading Profits
Sudden spread change can be viewed as an act of scam. A trader has accused the forex broker of shrinking profits from 1000/1500 (approx.) to 200/300 by widening the spread suddenly to 42 points. Here are those excruciating words from the trader in the aftermath of this event.
The Review from the WikiFX Team
The growing safety concerns for traders are indeed bothersome. However, the root cause of all this operational chaos lies in the brokers foundation. Yes, you read it right! EVEST does not hold any regulatory license from a competent financial authority. This made the WikiFX team skeptical of its legitimacy, and the scams traders have witnessed only vindicate our suspicion. In light of all these, EVEST gets a poor score of 1.56 out of 10.
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