Everrise Brokers Review: Typical SCAM?

EverriseBrokers - Logo
Rating:
1.7

Everrise Brokers focuses on creating comfortable trading conditions. Registration in Switzerland, according to the founders, should be an additional guarantee of security and reliability. However, reviews about the broker raise great doubts about its international status. Let’s take a closer look at the project proposals and check whether it is safe to open an account here, or if it is a scam.

Everrise Brokers General Information

Website https://everrisebrokers.com/
Phone Number
Email support@everrisebrokers.com
Address Av. Des morgines 12, 1213 Lancy, Switzerland
License
Minimum Deposit $10,000
Assets CFDs
Leverage 1:300
Trading Platform WebTrader

Registration and Client Portal Review

The broker’s official website looks typical. It is not much different from its competitors. Additionally, it cannot be said that a lot of money and time were spent on the creation of this web resource. There is quite a little information about Everrise Brokers. The main content is self-promotion and persuasion of traders to open an account as soon as possible.

Even though the broker calls itself Swiss, there is not even a translation of the content into German on the site. All sections, as well as documents, are presented exclusively in English.

Everrise Brokers - website

Only authorized users have access to Everrise Brokers trading platform. Therefore, a new client has to open an account on the site. The procedure consists of filling in the following fields:

  • First and last name
  • Residential address
  • Postal code
  • Country
  • Phone number
  • Email address
  • Promo code
  • Password
  • Currency.

There are no additional email or phone checks. You will immediately get access to your Client Area. By the way, real Swiss brokers are much more responsible for protecting your account.

Registration

The Everrise Brokers Client Portal is disappointing. There are very few functions available in it. You will only be able to fund your account, submit a withdrawal request, change your account settings, and view your trading history.

Everrise Brokers - Client Area

Everrise Brokers Trading Conditions

Everrise Brokers offers CFD trading. Several types of assets are available. Among them are currency pairs, cryptocurrencies, stocks, indices, metals, etc.

Account Types Review

The broker offers five types of accounts.

Name Deposit Amount ($) Leverage Margin Call Daily Market Overview Features
Silver 10,000 1:200 25% Yes Access to trading webinar
Gold 25,000 1:200 35% Yes Sessions with analysts
Platinum 50,000 1:200 50% Yes In-depth study of the market
Diamond 250,000 1:300 75% Yes Managed Portfolio
Millionaire Personal conditions

As you can see, the minimum deposit is extra high. In other accounts, you also need to deposit almost an exorbitant amount. At the same time, you won’t get anything special. All these Everrise Brokers services look ridiculous. Licensed brokers offer education, webinars, daily market analysis, and so on, literally for free. Here, not only is the professionalism of the company’s employees not proven by anything. They also do not bear any responsibility for their recommendations and the quality of training.

Trading Platform

Everrise Brokers calls its platform functional and elegant. Perhaps it’s worth starting with the fact that this is not a broker’s own development. That is purchased software. Moreover, the company apparently skimped even on a mobile application for PCs and smartphones. You will be able to trade only in WebTrader. However, this terminal is suitable for trading. There are enough different indicators in it and you can open deals in several steps.

WebTrader

Everrise Brokers — Deposit and Withdrawal of Funds

In the deposit section, it turns out that Everrise Brokers is much kinder than it seems. You can fund your account for a much smaller amount. You are allowed to start trading even with 150 euros.Credit cards, bank transfers, and electronic payment systems are indicated among the available deposits.

However, it is not known which method can be used for the transfer. Before you can deposit your account, a consultant will contact you and find the perfect way for you personally. For some reason it seems to us that it will be a cryptocurrency. Reliable brokers have nothing to hide and they openly post their banking details.

Verification

The company insists that you pass verification. To do this, you will need to upload scans or photos of:

  • ID card
  • Passport or driver’s license
  • Utility bills
  • Bank statement.

Everrise Brokers writes that you can load these documents directly in your personal area. However, this is not true. There you can add only a photo of a credit card or bank statement. The rest of the documents will have to be sent to the broker’s mail address. It is not specified how long it will take to check your documents.

Additional Options

Additionally, you can earn money on the referral program. The broker will give you a personal link where your referrals can register. For each invitee, you will receive real money to your account. However, Everrise Brokers does not specify exactly how much you can earn.

The company also has additional services like education and analytics. However, these sections contain only a few paragraphs. The trader will not find out anything interesting there.

Is Everrise Brokers a Scam?

Broker services raise many questions. Such trading conditions are not like those offered by licensed companies.

If the company is registered in Switzerland, then we will find it in the register of legal entities of this country. Switzerland has a strict view on stock trading, and any broker must obtain a license. However, we didn’t find Everrise Brokers on the regulator’s portal zefix.ch . Additionally, it offers very high leverage. In the European zone, companies are not allowed to offer retail traders leverage above 1:50. You can immediately understand that the company is fake only at this point. It doesn’t have a brokerage license. That means that traders’ deposits are not protected by anything here.

Legal entity check

Everrisebrokers.com Domain Info

The broker has thousands of clients all over the world. At least that’s what the website says. However, traders began to leave reviews about it only in 2022. Everrise Brokers writes that it has been working since 2007. Unfortunately, for such a long period of work, the company is still too unpopular. Therefore, you should not believe everything that this broker says. We checked the domain information and found out that it was registered only in May 2022. So, Everrise Brokers has been operating for only a few months.

Domain info

Contacts Review

Among the contact details, there is only an email address and an office address. However, there is actually no Everrise Brokers at the specified coordinates. Besides, traders complain that support takes a very long time to respond to requests. Even in an online chat, you will have to wait for a response for several hours.

More Details

Another important thing that you should pay attention to is the software that this broker uses. On the main page, you will undoubtedly notice AnyDesk and TeamViewer. If you ever contact the managers of Everrise Brokers, do not install this software on your PC in any case. It is used only by scam brokers. This way they get access to your personal data and can even take out a loan in your name. There are already such cases. Be careful and not to download programs that give access to your computer to third parties.

Pros and Cons

  • Education.
  • Too high minimum deposit.
  • No official registration.
  • Short period of work.
  • No license.
  • Negative reviews.

 

3.1 TOTAL SCORE

Everrise Brokers Summary

EverriseBrokers - Favi

Of course, this is not a real broker, but a typical scam. Everrise Brokers has been running for only a few months. It doesn't have a license or even an official registration. Besides, it has ridiculous trading conditions. You'd better find a licensed broker with a good reputation. Here, your money will be in danger.


Website information content 5
Client Portal 4
Trading conditions 3
Trading platform 4
Deposit and withdrawal 3
Verification 3
Extra options 4
Licenses and guarantees 1
Work duration 1
Feedback 3

Frequently Asked Questions (FAQ)

What Does Everrise Brokers Offer?

The company offers CFD trading on different types of assets.

How Much Money Should I Invest With Everrise Brokers?

According to the terms and conditions, you deposit the amount of 10 thousand dollars. However, there is an opportunity to fund a smaller amount in your personal account. Therefore, it is better for you to check the size of the current minimum deposit with managers.

Is Everrise Brokers Safe?

No, it is not. Everrise Brokers works without official registration, without a license, and without any supervision. Its services are absolutely illegal.

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

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Client Reviews

  1. Emily

    Fake Broker

    I was refused the withdrawal of $1,500. Everrise Brokers does not have a license. They tell false information that there is a license. Don’t contact this scam.

    Reply
  2. Lisa

    I can't withdraw money

    I have invested on their trading platform and cannot withdraw my money. The broker does not allow me to make a withdrawal. I passed the verification, and paid the commission. All trades are closed. Please help someone. How can I withdraw money from Everrise Brokers?

    Reply
  3. Mike

    I didn't understand what happened, but I lost the money

    I funded the account for the first time and withdrew money immediately. The second time, I had no doubt. I made a bigger deposit. I traded for about two weeks. I earned a small profit and decided to withdraw it. But the money has not been credited to my card, although it has been verified. The managers said that they made a mistake and made a withdrawal of money to some other trader. I didn’t understand how it happened, but they promised that they would figure it out. Half an hour later they told me that the account of that person had already been deleted. Therefore, they cannot return the money to me. They can’t tell who they sent the money to, either. So I was left without my deposit.

    Reply