EverestCM Broker Review

EverestCM broker overview

EverestCM is an emerging online broker headquartered in Mauritius and regulated by the Financial Services Commission (FSC). The company was founded in 2020 and offered MT4 and MT5 for desktop and mobile application trading. EverestCM provides access to trade a wide range of assets, including currencies, commodities, indices, shares, spot metals, and cryptocurrencies.

EverestCM is a new entrant into the online broker space. It is quickly making a name for itself with its comprehensive range of tradable assets, multiple base currencies, and 24/5 customer support. Moreover, the customer support is multilingual so that traders can get assistance in their native language. In addition, the company has a regulatory foundation and is committed to providing a safe and secure trading environment for its clients.

EverestCM offers a demo account to its clients so that they can test out the platform and its features before committing to a live account. The minimum deposit at EverestCM is 100 EUR/USD/GBP.

The broker provides leverage of up to 1:500 on major forex pairs. For other assets, the maximum leverage is also available up to 1:400. The spreads at EverestCM start from 0 pips on major currency pairs, and they levy a commission of $3.50 per lot.

EverestCM offers multiple deposit and withdrawal methods, including credit/debit cards, bank wire transfers, and e-wallets such as Skrill and Neteller. EverestCM is a competitive broker offering a good mix of features and services. Whether you're a beginner or an experienced trader, EverestCM has something to offer for everyone.

EverestCM safety details

EverestCM is an FSC-regulated broker that adheres to stringent financial rules and regulations. EverestCM has taken all the essential steps to ensure the safety of clients' funds. The company segregates client funds from its operational funds and keeps them in separate, protected bank accounts. Moreover, all transactions are processed through secure SSL encryption to protect clients' personal and financial information.

EverestCM also has negative balance protection in place, so traders can never lose more than their account balance. In addition, EverestCM has implemented AML (Anti-Money Laundering) and KYC (KnowYour Customer) procedures to protect its clients from financial fraud. AML compliance helps ensure there is no company involved in any criminal activities, while KYC checks help verify the identity of clients. Moreover, EverestCM has also implemented 2FA, in which a one-time password is sent to the client's registered mobile number to confirm each account login.

Clients don't need to worry about the safety of their funds when trading with EverestCM. The company has taken all the necessary steps to ensure its clients a safe and secure trading environment. So whether you trade from your desktop or mobile device, you can be sure that your funds are in safe hands when trading with EverestCM. In addition, EverestCM offers responsive 24/5 customer support and is available in multiple languages.

EverestCM fees details

EverestCM has mentioned on their website that they don't charge any deposit or withdrawal fees. However, your bank or payment provider might charge you their fees. The spreads at EverestCM start from 0 pips on major currency pairs, and they levy a commission of $3.50 per lot. Compared to other brokers, EverestCM offers competitive spreads and commissions. The spreads and commissions also vary depending on the account type you choose.

In addition, EverestCM has mentioned on their website that they levy inactivity fees, but the exact details are unavailable. You need to contact their customer support to get more information on this. In addition, the broker also charges a swap fee for holding positions overnight. Again, the exact swap fee details are available on their website.

The minimum deposit at EverestCM is 100 EUR/USD/GBP, which is pretty standard for most brokers. EverestCM offers leverage of up to 1:500 on major forex pairs. For other assets, the maximum leverage is also available up to 1:500. EverestCM offers high leverage compared to other brokers, which can be both good and bad depending on your trading style. The overall pricing structure of EverestCM is transparent and competitive.

Spreads fee details at EverestCM

The spreads at EverestCM start from 0 pips on major currency pairs, and they levy a commission of $3.50 per lot. The spreads at EverestCM are variable, which means they change according to the market conditions. Compared to other brokers, the spreads at EverestCM are pretty competitive. Moreover, the broker doesn't charge hidden fees or excessive commissions, which is always a positive.

To understand spreads better, for example, if EUR/USD is 1.0850/1.0851, the spread would be one pip. So, if someone buys one lot of EUR/USD at 1.0850 and sells at 1.0851, they would have to pay a spread of 1 pip or $10 (1 lot = 100,000 units).

Swap fees at EverestCM

In trading, you might have to leave your position overnight occasionally. When you do, a swap fee is charged. It's either positive or negative and is calculated based on the interest rates of the countries involved in the currency pair and whether you're long or short.

At EverestCM, the swap fees are reasonable. For example, on the EUR/USD, the Swap short is -0.18, and the Swap long is -5.12. Moreover, EverestCM has also given its swap calculation formula on the swap page so that traders can calculate the swap fees in advance.

Deposit and withdrawal options at EverestCM

EverestCM is a reliable and safe broker as it is regulated by the Financial Services Commission (FSC). The company offers multiple deposit and withdrawal methods, including credit/debit cards, bank wire transfers, and e-wallets such as Skrill and Neteller. Deposits are instant, and the broker charges no fees.

The minimum deposit at EverestCM is 100 EUR/USD/GBP. For withdrawals, the processing time is 1-3 days, and the broker charges no fees. However, you need to know that your banks might charge you a fee for processing the withdrawal. Moreover, the broker offers a convenient and easy-to-use mobile app so that you can trade on the go. In addition, the deposit and withdrawal methods at EverestCM are secured with the latest SSL encryption technology. Thus, your details are always safe and secure.

EverestCM is a regulated broker; traders must go through the KYC (Know Your Customer) process before they can start trading. The KYC process at EverestCM is simple and doesn't take much time. Moreover, if you need to convert the currency, you might need to pay a fee to your bank as the broker doesn't offer currency conversion services. The deposits at EverestCM are free; however, they've mentioned that if they find anyone misusing their services, they reserve the right to charge a fee. So, make sure you use the deposit and withdrawal methods at EverestCM wisely.

Tradable markets at EverestCM

EverestCM offers a wide range of tradable markets, including forex, indices, commodities, shares, spot metals, and cryptocurrencies. In total, there are over 50+ instruments available for trading at EverestCM. The list of tradable assets is constantly expanding, which is always a positive for traders as it provides more opportunities to trade.

When it comes to forex trading at EverestCM, there are over 40+ currency pairs available for trading. The major currency pairs such as EUR/USD, GBP/USD, USD/JPY, and AUD/USD are available with spreads starting from 0 pips. In addition, the broker also offers minor and exotic currency pairs such as EUR/GBP, GBP/JPY, and USD/CHF. As a result, forex traders can take advantage of tighter spreads and trade with leverage of up to 1:500.

EverestCM also offers a good selection of commodities, including Brent Oil and WTI Oil. The broker also provides a variety of indices such as Dow Jones, S&P 500, NASDAQ 100, and FTSE 100. In addition, there are over 10+ shares available for CFD trading at EverestCM. With EverestCM, you can trade shares of famous companies such as Apple, Amazon, Facebook, and Google.

The broker also offers spot metals such as Gold and Silver. Precious metals are a popular choice among traders as they provide diversification and can be used as a hedge against market volatility. EverestCM also provides access to trade cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. The broker offers a leverage of up to 1:500 on cryptocurrency pairs. Overall, every trader has something to trade at EverestCM as the broker offers a wide range of tradable markets. With spreads starting from 0.0 pips and a fixed commission on certain tradable assets, you can trade with competitive fees at EverestCM.

Leverage information at EverestCM

In trading, leverage is a powerful tool that can magnify your gains. However, using leverage responsibly is essential as it can amplify your losses. At EverestCM, the maximum leverage is 1:500, and it's available on the majority of the tradable asset. The leverage offered by EverestCM is relatively high when compared to other brokers. For example, the average leverage provided by other brokers is 1:200.

So, if you have $100 in your trading account and use the EverestCM leverage of 1:500, you can trade with $50,000. It means that you can take a position 500 times larger than your account balance. While this might sound good, it's important to remember that leverage can also amplify your losses.

EverestCM trading platforms

EverestCM is a professional online broker that offers the industry-leading MT4 and MT5 platforms for desktop and mobile trading. The MT4 and MT5 platforms are available in multiple languages, including English, French, German, Spanish, Russian, and Chinese. In addition, the platforms are highly customizable and offer a wide range of features and tools for both beginner and experienced traders.

EverestCM also offers a mobile trading app for Android and iOS devices. The mobile trading app is available in multiple languages and offers all the features and tools available on desktop platforms. First, let's look at all the trading platforms available at EverestCM.

MT4

The MetaTrader 4 (MT4) platform is a popular trading platform used by millions of traders worldwide. The MT4 platform offers various features and tools, including charting, indicators, and expert advisors. The platform is highly customizable and can be customized to suit your individual trading needs. In addition, MT4 offers advanced trading features like quick technical analysis, real-time market quotes, and an economic calendar. The platform is available in multiple languages, including English, French, German, Spanish, Russian, and Chinese.

MT5

The MetaTrader 5 (MT5) platform is the successor to the popular MT4 platform. The MT5 platform offers all the features and tools available on the MT4 platform. In addition, the MT5 platform also offers advanced trading features like quick technical analysis, real-time market quotes, and an economic calendar. The platform is available in multiple languages, including English, French, German, Spanish, Russian, and Chinese. MT5 makes the overall trading experience more user-friendly and efficient.

Mobile trading app

EverestCM offers MT5 mobile trading apps for both Android and iOS devices. The mobile trading apps provide all the features and tools on the desktop platforms. You can easily access your account, manage your positions, and place trades on the go.

In addition, EverestCM also offers a full-fledged demo account that you can use to test out the platform and its features. The demo account comes with virtual currency, making it easy for you to get a feel for the platform before committing to a live account. Compared to other brokers, EverestCM offers a very competitive pricing structure along with superior flexibility to choose from multiple account types.

Available accounts on EverestCM

EverestCM offers three types of trading account which are as follow:

Individual trading account

The individual trading account is designed for individual traders. The account offers a leverage of up to 1:500, spreads from 0 pips, and a minimum deposit is 100 EUR/USD/GBP. In addition, the account provides 24/5 customer support and is available in multiple languages. Moreover, traders can also access the MT4 and MT5 platforms with this account.

Joint trading account

The joint trading account is designed for traders who want to trade with a partner or spouse. The account offers a leverage of up to 1:500, spreads from 0 pips, and a minimum deposit is 100 EUR/USD/GBP. In addition, the account provides multilingual 24/5 customer support and is available in multiple languages. Moreover, traders can take advantage of MT4 or MT5 platforms with this account.

Corporate trading account

The corporate trading account is designed for companies and organizations. The account offers a leverage of up to 1:500, spreads from 0 pips, and a minimum deposit is 100 EUR/USD/GBP. In addition, the account provides priority 24/5 customer support and is available in multiple languages. Moreover, the corporate account is specially designed for trading groups and provides additional features like segregated accounts and a dedicated account manager.

These three EverestCM trading accounts also come with two options: Classic and Raw spread options. The only key difference is that you need to pay commissions in the account of the raw spread. Compared to other brokers, the commissions are very low here. EverestCM offers more than 150 tradable instruments across multiple asset classes, including currencies, commodities, indices, shares, spot metals, and cryptocurrencies.

In trading, "Raw spreads" are defined as the difference between the bid and ask prices of a currency pair. Moreover, in this trading account, you need to pay a low commission on each trade. Therefore, the main advantage of the raw spread account is that it offers more transparency as you know how much commission you are paying.

How to open a trading account with EverestCM

To open an account with EverestCM, you need to go to their website and fill out the online registration form. The registration process is simple. You will need to provide details such as name, email, phone number, etc. Once you have completed the registration process, you can log in to your account and start trading.

EverestCM customer support details

EverestCM offers 24/5 customer support in multiple languages, including English, French, German, Spanish, Russian, and Chinese. The customer support team is responsive and helpful. You can contact the customer support team through live chat, email, or telephone.

Email — support@everestcm.com

Phone — +44 203 376 2511

Research tools at EverestCM

EverestCM offers a wide range of research tools and resources that you can use to make informed trading decisions. The broker's website has a dedicated 'Research' section where you can find a variety of research tools, including:

Daily market news

The 'Daily market news' section on the EverestCM website offers the latest market news and analysis. The section is updated daily and covers all the major asset classes, including forex, stocks, commodities, and indices. EverestCM covers all critical market events and offers in-depth analysis to help you make informed trading decisions.

Copy-trading

The 'Copy-trading' section on the EverestCM website offers a list of top-performing traders you can copy. The section is updated daily and includes live and demo accounts. You can see each trader's performance and decide whether or not to copy them. EverestCM offers all the advanced features and tools you need to make informed trading decisions.

Economic calendar

The economic calendar on the EverestCM website offers a list of all the critical economic events and releases. The calendar is updated daily, covering all major economies, including the US, UK, Europe, Australia, New Zealand, and Japan. You can use the economic calendar to track key market events and make informed trading decisions.

Educational material available at EverestCM

EverestCM offers a wide range of educational material for both beginner and experienced traders. In addition, the dedicated market updates section on the EverestCM website provides the latest market news and analysis. Professional market analysts write the market updates and offer valuable insights into the latest market developments.

EverestCM is now working on introducing a comprehensive education center that will offer a wide range of educational resources like video tutorials, e-books, and webinars. This extensive education collection will help you develop your trading skills and knowledge. Moreover, EverestCM also has a brief FAQ section covering traders' most commonly asked questions.

EverestCM broker in a nutshell

EverestCM is an emerging and regulated online broker that offers the industry-leading MT4 and MT5 platforms for desktop and mobile trading. In addition, EverestCM also offers a mobile trading app for Android and iOS devices. The broker provides leverage of up to 1:500 on major forex pairs and charges a commission of $3.50 per lot. The spreads at EverestCM start from as low as 0.0 pips.

EverestCM offers multiple deposit and withdrawal methods, including credit/debit cards, bank wire transfers, and e-wallets such as Skrill and Neteller. EverestCM is a competitive broker offering a good mix of features and services. Whether you're a beginner or an experienced trader, EverestCM has something to offer for everyone. EverestCM is a good choice compared to other brokers if you're looking for a broker that offers low spreads and commissions along with the industry-leading MT4 and MT5 platforms.

FAQs:

What is the minimum deposit at EverestCM?

The minimum deposit at EverestCM is 100 EUR/USD/GBP, which is highly competitive compared to other brokers.

What is the leverage offered by EverestCM?

The maximum leverage offered by EverestCM is 1:500. The leverage is the same for all assets.

Does EverestCM offer a demo account?

EverestCM offers a demo account to its clients so that they can test out the platform and its features before committing to a live account.

Is EverestCM a regulated company?

EverestCM is a regulated company by the Financial Services Commission (FSC).

What are the deposit methods at EverestCM?

The deposit methods at EverestCM include credit/debit cards, bank wire transfers, and e-wallets such as Skrill and Neteller.

What are the withdrawal methods at EverestCM?

The withdrawal methods at EverestCM are the same as the deposit method: credit/debit cards, bank wire transfers, and e-wallets such as Skrill and Neteller.

How do I open an account with EverestCM?

You can open an account with EverestCM by clicking on the Open Live account and filling in the required details. Once your EverestCM account is activated and funded, you can start trading.

Does EverestCM support MT4 & MT5?

EverestCM supports both MT4 and MT5 for desktop and mobile trading.

What are the spreads at EverestCM?

EverestCM offers variable tighter spreads starting from 0.0 pips which are highly competitive compared to other brokers in the industry.

What is the minimum trade size at EverestCM?

The minimum trade size at EverestCM is 0.01 lots.

How to contact EverestCM customer support?

EverestCM customer support is available 24/5 and can be contacted via phone, email, or live chat.

Does EverestCM offer educational content?

Yes, EverestCM offers its clients educational content in video tutorials, webinars, and e-books.

Can US residents open accounts at EverestCM?

No, currently, US residents are not able to open accounts at EverestCM.

How can I change my password at EverestCM?

You can change your password at EverestCM by going to the 'My Profile' section and clicking on the 'Change Password' tab. Once you've created the new password, click the 'Update Password' button to save the changes.

What account types do EverestCM offer?

EverestCM offers three accounts — Individual, Joint, and Corporate.