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Geverestfx

Australia|2-5 years|
Suspicious Scope of Business|High potential risk|

https://geverestfx.com/?lang=en

Website

Rating Index

Contact

+357 25 03 6579
info@geverestfx.com
https://geverestfx.com/?lang=en

Licenses

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-25
  • 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

Geverestfx · WikiFX Survey

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Geverestfx · Company Summary

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.

Warning

Pros and Cons

Pros Cons
Multiple Account TypesSuspicious Clone Regulation
Multiple Trading ChoicesUnavailable Website
MT4 Trading PlatformHigh 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 TypeMarket Making(MM)
Licensed Number360/18
Suspicious clone CySEC license

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 TypeMinimum DepositMaximum LeverageSpreadCommission
Micro Account$2501:500From 1 pipNo
Standard Account$25001:300From 1 pipNo
Premium Account$25 0001:100From 0.6 pips$6/€5 per round
VIP Account$100 0001:100From 0.2 pips$6/€5 per round
Account comparison

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 PlatformSupported Available Devices
MT4computer and mobile phone
MT5

Customer Service

You can connect Geverestfx through phone and email.

Contact Options Details
Phone+357 25 03 6579
Emailinfo@geverestfx.com
Supported LanguageEnglish
Website LanguageEnglish

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.

Broker Information

Company Name

Geverestfx Limited

Abbreviation

Geverestfx

Regulatory Status

Suspicious Clone

Platform registered country and region

Australia

Company website
Type of License

Description of Approved License Type

Type I

The financial instrument business deals with highly liquid securities and provides derivative transactions, which have characteristics.

As mentioned above, the main business content of the first type of financial instrument business operators can be roughly summarized as securities business (securities, securities CFD, etc.), financial futures business (FX), derivative trading business related to cryptocurrencies, securities management, etc. The work can be divided into four categories.

Type II

The financial instrument business basically refers to funds (shares of collective investment plans), trust beneficiary rights with lower liquidity, that is, financial instrument transactions excluding major securities such as stocks and corporate bonds. These are referred to as "equivalent securities" in the various items listed in the second paragraph of Article 2 of this Sale Business Law (hereinafter referred to as "equivalent securities").

In addition, the self-issuance (private placement and public offering) of certain securities such as investment trust beneficiary rights that are not regarded as securities, currency-related market derivative transactions, etc. are also positioned as Type II financial instrument business.

Phone of the company
  • +357 25 03 6579

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Customer Service Email Address
  • info@geverestfx.com

Company Summary

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