Introduction
EverestCM is an online investment platform that offers a wide range of instruments for its users to trade with. The company is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). The EverestCM platform is available in three versions: the web-based MetaTrader 4 (MT4), the mobile trading app and the desktop trading software. All three versions offer a variety of features and tools, such as live quotes and charts, news and analysis, technical indicators, etc. In terms of user ratings, EverestCM has a mixed reputation. Some users have praised the platform for its wide range of features and instruments, while others have criticized it for its high fees.
EverestCM Review
EverestCM is a forex and CFD broker that offers a wide range of instruments for trading. The company is based in Bulgaria and is regulated by the Financial Supervision Commission (FSC).
EverestCM offers the MetaTrader 4 and 5 platforms for trading. Both platforms are available for desktop, web and mobile devices. The broker also offers a wide range of tradable instruments, including major and minor forex pairs, commodities, indices and shares.
EverestCM provides negative balance protection and offers leverage up to 1:500. The minimum deposit for opening an account is $100.
The broker has mixed user reviews with some praising the company for its low spreads and fast execution, while others have complained about account freezes and withdrawals issues. Overall, EverestCM seems to be a decent broker with a good selection of tradable assets and reasonable account conditions.
Regulations
The United States’ Securities and Exchange Commission (SEC) has very strict regulations regarding the trading of securities, including options. These regulations are designed to protect investors from fraud and manipulation.
EverestCM is a member of the National Futures Association (NFA), which is an organization that self-regulates the futures industry in the United States. All NFA member firms, like EverestCM, are required to follow certain rules and regulations set forth by the NFA.
The NFA rules are designed to protect customers from fraudulent and abusive practices, to promote honest and ethical conduct in the futures industry, and to foster fair competition. Some of the key regulations that EverestCM must follow include:
• disclosing material information about its business activities and financial condition;
• maintaining adequate records;
• submitting to periodic audits by NFA staff;
• following customer protection measures; and,
• cooperating with NFA investigations.
Platforms
There are three types of platforms that EverestCM uses: the WebTrader, MetaTrader 4 (MT4), and the mobile trading app. The WebTrader is a proprietary platform that is simple to use and designed for novice traders. The MT4 is a more advanced platform that is popular among experienced traders. It offers a variety of features, including custom indicators and automated trading. The mobile trading app is available for both Android and iOS devices and allows you to trade on the go.
All three platforms offer a variety of instruments to trade, including forex, stocks, commodities, indices, and cryptocurrencies. You can also access your account and manage your trades from any device.
EverestCM is a regulated broker by the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). They offer negative balance protection and segregated accounts.
Instruments
As with any other business, the commodities market has its own set of regulations. While some of these are set by the exchanges themselves, others are imposed by government agencies. In general, the rules are designed to protect investors and ensure fair and orderly markets.
The most important regulator of commodity futures markets in the United States is the Commodity Futures Trading Commission (CFTC). The CFTC is a federal agency that is responsible for overseeing the trading of futures and options contracts. It is important to note that while the CFTC regulates commodity futures markets, it does not regulate the spot or physical markets.
In addition to the CFTC, there are a number of other agencies that play a role in regulating the commodities markets. These include the National Futures Association (NFA) and self-regulatory organizations like the CME Group (which operates the Chicago Mercantile Exchange).
When it comes to platform regulation, things are a bit different. In Europe, for example, platforms must be authorized by national regulators in order to operate. This means that there is no single set of platform regulations that apply across all of Europe. Instead, each country has its own rules that platforms must follow.
As for instruments, there are a few different types that are commonly traded on commodity exchanges. These include futures contracts, options on futures, and swaps. Each type of instrument has its own unique characteristics and risks. Before trading any type of commodity instrument, it’s
User Ratings
In order to get an in-depth understanding of a forex broker, it is important to take a look at what other traders have to say about their experience with the broker. This is where user ratings come in handy.
Unfortunately, there is no shortage of complaints when it comes to EverestCM. The most common complaints allege that the broker is a scam, that they have been unable to withdraw funds, and that customer service is unresponsive.
These complaints should be taken with a grain of salt, as it is impossible to know the validity of them. However, they do give us an idea of the general sentiment around the broker.
It is also worth noting that there are some positive reviews of EverestCM out there. These reviews tend to focus on the fact that the broker offers tight spreads and fast execution.
Overall, the user ratings for EverestCM are not particularly positive. This is something that should be taken into consideration before deciding whether or not to open an account with this broker.
Conclusion
EverestCM is a comprehensive online trading platform that offers users a wide range of features and options. The company has been accredited by the Better Business Bureau and has received positive user reviews. Overall, we believe that EverestCM is a reliable and trustworthy broker that offers a great experience for online traders.