• Company name: Everest International Group Ltd.
  • Registration/license: None
  • Registration/license requirement: –

Is Everest International Group a regulated forex broker or a scam?

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 while might operate its services from an absolutely different location.

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.

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