Warning – Australia‘s regulator, Australian Securities and Investments Commission has reported Everstead Brokerage
Everstead Brokerage Broker
Everstead Brokerage (Eversteadbrokerage.net) has caught the attention of both users and regulators. This Everstead Brokerage review analyzes who Everstead Brokerage claims to be, the services it offers, its regulatory status, common red flags, and actions to take if you lose money.
About Everstead Brokerage (Eversteadbrokerage.net)
Eversteadbrokerage may be associated with fraudulent investment operations; evidence exists in the form of numerous allegations of fraud and many behaviours exhibited by this company that strongly resemble those of fraudulent online trading platforms and schemes typically associated with “pig-butchering” style fraud. Because of all of the previously mentioned reasons, Everstead Brokerage represents an untrustworthy digital brokerage.
As an online stock and cryptocurrency STP brokerage company, Everstead Brokerage claims to offer CFD (Contract for Difference) Trading on various asset classes via the internationally recognised MetaTrader 4 (MT4) Trading Platform. However, no evidence has been presented to support this company as a genuine online brokerage company, and therefore, no proof has been presented that they actually do provide these services.
The first major reason to treat eversteadbrokerage.net with extreme caution is that there is no regulatory oversight of this site or its operators. There is no verifiable physical location within the United States for eversteadbrokerage.net, and it is not regulated or licensed by any recognized financial governing body. Because of the lack of regulation, users of eversteadbrokerage.net are subjected to extreme levels of risk, as there is no authority that classifies eversteadbrokerage.net’s actions and conduct under a financial regulatory framework, thereby allowing it to operate in accordance with laws and regulations governing financial products.
A second major concern expressed by many users of eversteadbrokerage.net is that it is challenging for a user to withdraw their funds after they have made a deposit into the brokerage. Users have stated that it is easy to make a deposit into eversteadbrokerage.net and that users are encouraged to make deposits; nevertheless, when users attempt to withdraw funds from eversteadbrokerage.net, they experience significant problems. These actions by eversteadbrokerage.net correspond with typical tactics used by fraudulent online trading operations to keep users’ deposited funds and prevent users from accessing those deposited funds.
Additionally, ASIC has issued warnings about entities operating similarly, further raising doubts about Eversteadbrokerage’s legitimacy. Overall, the platform should be approached with extreme caution.
Lost Funds to Everstead Brokerage?
If you have lost funds to Everstead Brokerage, take action now. Fill out a form to ask for a case review and get fund-recovery assistance.
Is Everstead Brokerage a Trustworthy Platform?
To figure out if Everstead Brokerage is trustworthy, consider the following points:
- Does the broker have a valid license from a top regulator (FCA, ASIC, CySEC, etc.)?
- Does the website have verifiable company registration information?
- The phone numbers, office addresses, and legal documents are real and can be traced.
- Are customer testimonials similar, or do a lot of users say that there are problems with the withdrawal?
Conclusion:
- With the lack of proper licensing or company information, the risk might be much higher. Always check before you deposit any funds.
How Risky Platforms Often Operate
Here are the suspicious trading platforms’ tactics that are used the most:
“Pig-Butchering” / Long-Term Manipulation
Scammers first build a connection through chat apps, social media, or dating sites and then lead the unaware to trading on platforms where they are eventually ripped off.
Clone Trading Platforms
Such platforms imitate real trading platforms — showing rising balances, charts moving favourably — but these are fake. Withdrawals may be allowed initially, then blocked later.
Other Indicators
- Calls or messages urging you to make large deposits.
- Assurances of very high returns with no risks and short waiting times.
- Requests for “taxes” or “clearance fees” to be paid before the cash-out can be processed.
- A website that looks perfect, but in reality, it just hides the lack of regulatory disclosure.
- Fake user reviews, getting celebrity endorsements, or buying reviews to create an illusion of credibility.
Warning Signs Associated with Everstead Brokerage
- Absence of a valid, verifiable license number.
- The company address and contact information are either nonexistent or hard to trace.
- The application of forceful sales strategies is pushing for large deposits very quickly.
- The claim of “guaranteed profits” is not credible.
- The online reviews speak of payments being stopped, support disappearing, or staff being unresponsive.
What to Do If You Have Invested with Everstead Brokerage
Should you have already deposited money with Everstead Brokerage and suspect problems, do the following steps right away:
- Stop all communication with the platform and the representative that is connected to it.
- Let your bank or payment processor know about it – inquire about charge-backs, blocking more payments, or recovering funds.
- Collect proof – keep all communication, screenshots of the trading platform, deposit slips, chat logs, email threads, and transaction IDs.
- Inform the authorities – reach out to your local police or cybercrime department and lodge a formal complaint. Also, inform the financial regulator that is relevant to your jurisdiction.
- Get professional help for the recovery – if the losses are considerable, consider very carefully reliable fund-recovery or legal assistance (check credentials, fees, and past cases before hiring).
Quick Summary
Everstead Brokerage lack of regulatory oversight, along with the multitude of red flags, makes it a high-risk market. If you decide to go on, it is imperative to check its license, corporate identity, and withdrawal history first.
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