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Suspicious Clone
Score
1.46 /10
Danger
Geverestfx
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index6.58
Risk Management Index0.00
Software Index4.00
License Index0.00
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Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
2
Previous Detection :
2024-12-26
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The CyprusCYSEC regulation (license number: 360/18) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
Note: Geverestfxs official website: https://geverestfx.com/?lang=en is currently inaccessible normally.
Geverestfx is a global forex broker registered in Australia. It offers over 300 trading instruments, including currency pairs, stocks, indices, commodities, precious metals, and oil. It offers four account types with leverage up to 1:500. However, the regulatory license of Geverestfx is a suspicious clone. Even worse, they have been exposed by the financial authorities of Cyprus as a scam. Please be aware of the risk.
Pros and Cons
| Pros | Cons |
| Multiple Account Types | Suspicious Clone Regulation |
| Multiple Trading Choices | Unavailable Website |
| MT4 Trading Platform | High Minimum Deposit |
| No Demo Accounts | |
| Limited Customer Support Channels |
Is Geverestfx Legit?
The regulatory license of Geverestfx is a suspicious clone. The actual regulated entity named on the license is AMP Global LTD, which does not correspond with the name Geverestfx. Geverestfx falsely claims to have permission from the Cyprus Securities, yet in reality, they have been blacklisted by the commission. Please carefully verify the legal status of the company to avoid potential risks before engaging trading.
| Regulatory Status | Suspicious Clone |
| Regulated by | Cyprus |
| Licensed Institution | AMP Global LTD |
| Licensed Type | Market Making(MM) |
| Licensed Number | 360/18 |
What Can I Trade on Geverestfx?
You can trade forex, shares, indices and commodities on Geverestfx.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ❌ |
| Stcoks | ✔ |
| Mutual Funds | ❌ |
Account Type
Geverestfx offers four kinds of account options, including the micro account, standard account, premium, and VIP. Different account types are equipped with different trading conditions. You can find more specific info in the table below:
| Account Type | Minimum Deposit | Maximum Leverage | Spread | Commission |
| Micro Account | $250 | 1:500 | From 1 pip | No |
| Standard Account | $2500 | 1:300 | From 1 pip | No |
| Premium Account | $25 000 | 1:100 | From 0.6 pips | $6/€5 per round |
| VIP Account | $100 000 | 1:100 | From 0.2 pips | $6/€5 per round |
Geverestfx Fees
Geverestfx claims to offer competitive spreads and commissions.
Geverestfx Spreads
Geverestfx offers low spreads starting from 1 pip for Micro and Standard, 0.6 pips for Premium, and an ultra-low 0.2 pips for VIP accounts.
Geverestfx Commissions
The Geverestfx Commission is relatively low. For Micro Account and the Standard no commission is charged, and the commission for the Premium and the VIP is $6 or € 5 per round.
Trading Platform
Geverestfx supports MT4, which is the most popular professional trading platform globally. MT4 offers a trade screen, charting tools, and expert advisors to assist you in trading.
| Trading Platform | Supported | Available Devices |
| MT4 | ✔ | computer and mobile phone |
| MT5 | ❌ |
Customer Service
You can connect Geverestfx through phone and email.
| Contact Options | Details |
| Phone | +357 25 03 6579 |
| info@geverestfx.com | |
| Supported Language | English |
| Website Language | English |
The Bottom Line
Overall, despite offering four diverse account types, Geverestfx notably lacks demo accounts for risk-free practice. Alarmingly, its regulatory license is suspected of cloning, and it has been exposed as a scam. You'd better stay away from this trader..
FAQs
Is it safe to trade with Geverestfx?
It is unsafe to trade with Geverestfx as their regulatory license is a suspicious clone.
What is the minimum deposit at Geverestfx?
The minimum deposit is $250.
What is the commission charged by Geverestfx?
For Micro Account and the Standard no commission is charged, and the commission for the Premium and the VIP is $6 or € 5 per round.
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