Score

1.40 /10
Danger

Evergreen Forex

United Kingdom

2-5 years

Suspicious Regulatory License

White label MT5

Regional Brokers

High potential risk

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Comparison

Quantity 9

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.14

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Evergreen Forex Global Limited

Company Abbreviation

Evergreen Forex

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
    Evergreen Forex · Company summary
    basic-info

    Overview of Evergreen Forex

    Evergreen Forex, based in the United Kingdom, operates as an online trading platform, offering traders access to a wide variety of financial instruments such as Forex currency pairs, metals, commodities like gold and silver, and CFDs. Through its utilization of MetaTrader 5, renowned for its advanced functionalities and user-friendly interface, Evergreen Forex provides traders with the flexibility and accessibility needed for their trading endeavors. However, it's crucial to highlight that Evergreen Forex operates without regulatory oversight, which underscores the importance of exercising caution due to the potential risks associated with unregulated trading.

    Overview of Evergreen Forex

    Is Evergreen Forex Legit?

    Evergreen Forex is not regulated. It's crucial to emphasize that Evergreen Forex operates without any form of regulation, leaving it unchecked by established financial regulatory bodies. This lack of oversight can potentially expose traders to a myriad of risks, including limited avenues for dispute resolution, concerns about the safety and security of funds, and a lack of transparency in the broker's operations.

    Is Evergreen Forex Legit?

    Pros and Cons

    Evergreen Forex offers traders a diverse range of trading instruments, providing ample opportunities for diversification and potential profit. Additionally, the platform utilizes the widely acclaimed MetaTrader 5 platform, known for its advanced features and user-friendly interface, enabling traders to execute their strategies seamlessly. However, it's essential to note that Evergreen Forex operates without regulatory oversight, which can potentially expose traders to various risks associated with unregulated trading. Furthermore, the platform lacks sufficient customer support options, which may hinder prompt assistance and issue resolution for traders. Additionally, there's a notable absence of educational resources and transparency regarding company policies and procedures, limiting traders' ability to make informed decisions. Moreover, being unable to access the website could pose challenges for traders seeking comprehensive details about the platform's services and offerings.

    Pros Cons
    • Diverse range of trading instruments
    • Operates without regulatory oversight, potentially exposing traders to risks
    • Utilizes the popular MetaTrader 5 platform
    • Lack of customer support options
    • Lack of educational resources or transparency regarding company policies and procedures
    • Unable to access the website

    Trading Instruments

    Traders can choose from an extensive range of options, including more than 30 forex currency pairs, metals like gold and silver, commodities, and CFDs.

    Trading Instruments

    Trading Platforms

    Through its top platforms like MT5, MT Web, and Mobile forex trading, traders gain access to a wide range of financial assets.

    Trading Platforms

    Conclusion

    In conclusion, Evergreen Forex provides a wide array of trading instruments via MetaTrader 5, enhancing trading flexibility. However, the absence of regulatory oversight, limited customer support, lack of educational resources, and website accessibility issues pose potential challenges for traders. It's crucial for traders to research thoroughly and proceed with caution to mitigate risks and ensure a safer trading experience.

    FAQs

    Q: Is Evergreen Forex regulated?

    A: No, Evergreen Forex operates without regulation, which means it lacks oversight from recognized financial regulatory authorities.

    Q: What trading instruments are available on Evergreen Forex?

    A: Traders can choose from an extensive range of options, including more than 30 forex currency pairs, metals like gold and silver, commodities, and CFDs.

    Risk Warning

    Trading online carries significant risks, and there's a possibility of losing all invested capital. It's crucial for traders and investors to acknowledge these risks and thoroughly understand the implications before engaging in trading activities. Please be aware that the information provided in this review is subject to change due to updates in the company's services and policies. Additionally, the review's generation date is essential to consider, as information may have evolved since then. Therefore, readers are strongly advised to verify the latest information directly with the company before making any decisions or taking action. Ultimately, the responsibility for utilizing the information provided in this review lies solely with the reader.

    User Reviews

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    User comment

    3

    Comments

    Write a review

    autonia
    more than one year
    I submit my withdrawal requests a long time ago, but still haven’t received my funds. what waiting for me is their promises every day, so frustrating! I will update my reviews daily until they gave back my money!
    I submit my withdrawal requests a long time ago, but still haven’t received my funds. what waiting for me is their promises every day, so frustrating! I will update my reviews daily until they gave back my money!
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    2023-03-01 10:28
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    一岛一世界
    more than one year
    Hope no one else gets cheated... They are notorious scammers who won't let you withdraw money or even manipulate your account to drain it. When you ask them where your money has gone? They will just ******** and tell you there was a problem with your deal... But only you know that you made your money by trading a little bit... They just arbitrarily confiscated it for an unnormal reason... To whom should I speak the grievance of my heart?
    Hope no one else gets cheated... They are notorious scammers who won't let you withdraw money or even manipulate your account to drain it. When you ask them where your money has gone? They will just ******** and tell you there was a problem with your deal... But only you know that you made your money by trading a little bit... They just arbitrarily confiscated it for an unnormal reason... To whom should I speak the grievance of my heart?
    Translate to English
    2022-12-01 16:01
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    9