FMA in New Zealand warns against Everest International Group Ltd

June 20, 2018 at 10:52 PM

New Zealand’s Financial Markets Authority (FMA) warns the public against doing business with or through Everest International Group Limited (now Everest Peak Technologies Limited) and its website www.everestinter.com. The Financial Markets Authority (FMA) plays a critical role in regulating capital markets and financial services in New Zealand. It is the New Zealand government agency responsible for enforcing securities, financial reporting, and company law as they apply to financial services and securities markets. 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. But they never mention the name of the regulator. The phone number with New Zealand’s country code is the only contact that can be found on the website. They also state the firm is headquartered in New Zealand, although the company is not registered in the country to provide its financial services and products. There are also numerous reviews from the angry clients about this company on the Internet. Those who invested say that it is not possible to withdraw money from their accounts with the Everest International Group Ltd as all their requests are simply ignored. It is recommended to avoid dealing with unregulated brokers, especially, when they don’t provide regulation information on their websites. There are a lot of properly licensed brokers, like the ones by FCA or the Australian Securities and Investment Commission to choose from. You can read our review on this broker here.

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