Is EverestCM a fair Forex Broker?
Having been established in 2020, EverestCM quickly gained recognition for its extremely low pricing, its overall excellent trading conditions, and for being the go-to brokerage when it comes to looking after its traders.
Here are just a few of the EverestCM features that caught our attention:
- Some of the Lowest Spreads in the Forex Industry
- EUR USD Starting from 0.0 Pips
- 1:5,000 Leverage
- $3.50 Commission per Lot
- Range of Trading Tools
- 3 Account Types: Classic / RAW / Cent
- No Annoying Sales Team
- Regulated Worldwide
EverestCM is regulated by the FSC and is soon to unveil other regulatory licenses, further enhancing its brand across the key markets it is targeting, namely Africa, Malaysia & Indonesia.
We tested EverestCM by signing up for an account. Upon signing up, we saw that this broker’s approach to onboarding traders was quite different from the traditional “sign up & expect-a-call” type of brokerage.
We received a welcome email, which is standard, but then no phone call, which was a refreshing surprise. You see, EverestCM relies on its Customer Care Team, which it says is there to assist all traders when it comes to opening an account or even navigating through MT4 or MT5, which are the two trading platforms this brokerage uses.
EverestCM’s Customer Care Team will not provide trading advice, nor will they tell you what instruments are hot or not. This was a good sign, as too often we see brokers telling us that they do not have a sales team, when in fact, all they have done is change the sales team’s name to customer support. We found that this was not the case with EverestCM. At no time were we pressured into making a deposit or trading.
We decided to put the EverestCM Customer Care Team to the test. What we can tell you is that they really know their customers and have experience when it comes to knowing what traders want. Being FSC licenced also means that EverestCM adheres to the stringent regulatory requirements placed on them by the regulator. This in turn means that they provide fast deposit and withdrawal options. We never had any issues when it came to depositing funds via our MasterCard and via wire transfer.
Having traded EURUSD, we wanted to assess their withdrawal system and so requested a withdrawal. Our MasterCard was refunded within one day, which was fast. We also withdrew using bank wire, which took three working days.
EverestCM has a wide variety of instruments within its FX and CFD asset class range. Traders can trade Commodities, Cryptocurrencies, Energies, Metals, Indices & Futures. We did find that EverestCM’s pricing was ultra-competitive, with a range of spreads starting as low as 0.0 pips.
Tight spreads aren’t the only trading conditions that distinguish the trading experience at EverestCM, as they also have exceptionally low commissions. The brokerage’s swaps are good too. We did check to see if we could hedge as well as use scalping techniques with our trusted EA. That didn’t seem to be an issue either.
When we spoke with the EverestCM Management Team, which is headed by a series of vastly experienced FX specialists, they did tell us that they’re working on offering a copy trading feature in the new year, which we certainly look forward to using.
Another key asset the broker will be launching is SUMMIT, which is EverestCM’s trading platform. It has been built from the ground up to facilitate the trading process for beginner traders, although the company believes that all sorts of traders can benefit from it.
With their multiple & diverse trading account options, their transparent trading conditions, their easy-to-use platforms, and their Customer Care Team, EverestCM are ready to give you a smooth trading experience. We recommend this broker if you are looking for a new option when it comes to trading the markets.