Evergreen Forex Global Limited Review
Beware Investors Evergreen Forex Global Limited – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)
Who is Evergreen Forex Global Limited:
Evergreen Forex Global Limited is a company registered in England. According to its website, Evergreen Forex Global Limited offers online trading services in forex, commodities, indices, stocks, and cryptocurrencies. The company claims to have over 10 years of experience in the financial markets and to provide competitive spreads, fast execution, and advanced trading platforms.
Regulation:
Evergreen Forex Global Limited was not regulated by any reputable financial authority. The company did not have a license from the Financial Conduct Authority (FCA) in the UK, nor from any other regulator in the jurisdictions where it operated. This means that the company was not subject to any oversight or supervision and that its clients had no protection or recourse in case of any dispute or fraud.
Location:
Evergreen Forex Global Limited did not disclose its physical address or contact details on its website. The only way to reach the company was through an online form or an email address. The company also did not specify where it was based or where it stored its clients’ funds. This raises serious questions about the transparency and credibility of the company.
Services:
Evergreen Forex Global Limited offers online trading services in various financial instruments, such as forex, commodities, indices, stocks, and cryptocurrencies. The company claims to provide four types of accounts: Basic, Standard, Premium, and VIP. The minimum deposit for each account was $250, $5000, $10000, and $50000 respectively. The company also claimed to offer leverage up to 1:400, spreads from 0.1 pips, and commission-free trading.
Reviews:
Evergreen Forex Global Limited did not have many reviews online. The few reviews that we found were mostly negative and complained about the company’s poor service, lack of communication, withdrawal issues, and scam allegations. Some clients reported that they were unable to access their accounts or withdraw their funds after depositing money with the company. Others claimed that they were pressured by the company’s agents to invest more money or to pay fees or taxes before they could withdraw their profits.
Customer Service:
Evergreen Forex Global Limited had very poor customer service. The company did not have a phone number or a live chat option on its website. The only way to contact the company was through an online form or an email address. However, many clients reported that they did not receive any response or assistance from the company when they faced any problems or issues with their accounts or transactions. The company also did not provide any educational resources or support for its clients.
Securing Your Investments Against Unscrupulous Brokers:
Evergreen Forex Global Limited is an example of an unscrupulous broker that operated without any regulation or transparency and scammed many clients out of their money. To avoid falling victim to such brokers, you should always do your due diligence before choosing a broker to trade with. Here are some tips on how to secure your investments against unscrupulous brokers:
– Check the regulations and reputation of the broker. You should only trade with brokers that are regulated by reputable financial authorities, such as the FCA in the UK, the ASIC in Australia, or the CySEC in Cyprus. These regulators ensure that the brokers follow strict rules and standards regarding client protection, fund segregation, risk management, and dispute resolution.
– Check the location and contact details of the broker. You should avoid brokers that do not disclose their physical address or contact details on their website. You should also verify that the broker has a local presence and support in your country or region.
– Check the services and conditions of the broker. You should compare the services and conditions of different brokers and choose the one that suits your needs and preferences. You should pay attention to factors such as account types, minimum deposits, leverage, spreads, commissions, fees, trading platforms, instruments, execution speed, and withdrawal methods.
– Check the reviews and feedback of the broker. You should read the reviews and feedback of other clients who have traded with the broker before. You should look for honest and unbiased opinions from reliable sources, such as online forums, blogs, websites, or social media platforms. You should also check if the broker has any complaints or lawsuits filed against it by any regulator or client.
Conclusion:
Evergreen Forex Global Limited was a forex broker that operated without any regulation or transparency and scammed many clients out of their money. The company was dissolved and is no longer operational. In this review, we reviewed the history, regulation, location, services, reviews, customer service, and security of Evergreen Forex Global Limited, and provided some tips on how to secure your investments against unscrupulous brokers. We hope that this information will help you make informed and safe trading decisions in the future.
