Brief Look at EverFX
EverFX ceased operations following the exposure of its involvement in large-scale fraudulent schemes. In December 2022, Spanish police arrested a key figure in the scam, known as “Pablo A.” He led the fictitious investment platform, EverFX, which posed as a Forex market broker. The company, in reality, misappropriated client funds without making actual investments.
Investigations revealed EverFX was part of the Milton Group criminal network, operating 152 fraudulent brands, including Solo Capitals and CoinEvo. This network defrauded over 170,000 people globally, with a significant concentration in Spain. In 2021, the FCA (Financial Conduct Authority) officially prohibited EverFX from offering CFD products to UK clients due to the company’s misleading practices, offering unsuitable financial instruments, and obstructing withdrawals. The FCA also emphasized EverFX operated without proper authorization.
These revelations and legal actions led to EverFX’s operational closure, leaving numerous clients without access to their accounts and funds. On Trustpilot, EverFX received numerous negative reviews, with traders citing trade manipulations, withdrawal difficulties, and aggressive sales tactics.
Share your experience
- Best
- Last
- Oldest
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
Articles that may help you
Check out our reviews of other companies as well
User Satisfaction i