Everest Trust

After reviewing Everest Trust, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.

Who is Everest Trust?

On the surface, Everest Trust looks like an ordinary forex and crypto broker. Its public site is presented at https://www.everestrust.com/. But surface impressions are exactly what these operations rely on — the substance behind Everest Trust is where the problems begin.

Is Everest Trust regulated?

We could find no evidence that Everest Trust holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.

Red flags we identified

• Aggressive “account managers” coaching clients to deposit
• No credible physical address or verifiable corporate record
• Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
• Unrealistic profit claims and pressure to deposit more
• Opaque or anonymous corporate ownership

Our analysis

On May 31, 2024, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against Everest Trust, stating that this broker is not entered in its commercial register. https://www.finma.ch/en/finma-public/warnungen/warning-list/everest-trust/

Can you recover money lost to Everest Trust?

If you have deposited with Everest Trust, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.