Archives: Brokers

Is S&P Broker Scam or Legit Broker?

No, S&P Broker is not safe to trade with because of its unregulated nature. The broker doesn’t provide any information about the company behind the brand’s name as well as any regulatory information. It claims to be located in Luxemburg.

What is S&P Broker?

According to the website, S&P Broker enables quick direct access to trading in stocks, CFDs, indices, and cryptocurrencies. Despite its Luxemburg address, the broker provides the contact phone number with the British country code. However, the company doesn't seem to be regulated by the UK's Financial Conduct Authority or any other regulator. 

• Moreover, S&P Broker has been brokers blacklisted by Luxembourg regulator CSSF:

  "The Commission de Surveillance du Secteur Financier (CSSF) warns the public of the activities of an entity named S&P Broker (website: https://snpbroker.io), which claims to be established at 2 rue Edward Steichen, 2540 Luxembourg. The CSSF informs the public that S&P Broker is unknown to it and that the entity has not been granted any authorization to provide investment services or other financial services in or from Luxembourg."

• We have also found numerous negative reviews about the broker, where people state the employees of the company "will take your money and hang up", which means they all have been scammed and lost a lot of money with S&P Broker. 

S&P Broker Review Conclusion

We advise all investors and traders to avoid S&P Broker and other unregulated brokers. The lack of information about the broker’s regulations, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and XM.

S&P Broker Update

Recently S&P Broker website remains inactive and unavailable to reach, meaning the broker mutes its trading offering and does not propose account openings. However, we still advise the traders to be alert and careful, in case they receive trading proposals. 

Is Everest International Scam or Legit Broker?

No, Everest International Group Ltd broker is Non-Regulated Broker. It is NOT SAFE to trade. while we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location.

What is Everest International?

Everest International Group Ltd offers Forex and CFD trading and claims to be regulated in New Zealand. Their website says that the company is certified and regulated by FSP’s (Financial Service Providers) top financial regulator. Although they don't mention the name of the regulator, which supposed to be the Financial Markets Authority of New Zealand.

It is clear that the broker has no license to provide financial services in this country. In case of getting the license from New Zealand’s FMA (Financial Markets Authority), the broker needs to have a physical office in New Zealand and minimum net tangible assets of 1 million NZD or 10% of average revenue. It is about $35,000-50,000 for a license depending on its type.

Everest International Review Conclusion

Investment through non-authorized firms involves significant risks of loss of capital, which is the case of Everest International too. For that reason, we advise all investors and traders to avoid Everest Trading Proposal and other brokers from the Marshall Islands. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BlackBull Markets.

Everest International Group Ltd Update

Based on our research Everest International Website is inactive. It is unclear whether the broker changes its name and operates another fraud Forex activity or is just gone. As money safety goes first we recommend avoiding any proposals from Everest International and staying alert in case of any proposals.