EverestCM

EverestCM (trading under Myrtle Ltd) is an online Forex and CFD broker founded around 2020 and headquartered in Mauritius. It offers trading across a broad spectrum of assets, including forex, indices, stocks, energy products, precious metals, and cryptocurrencies, all via Contracts for Difference (CFDs). Traders can access the markets through the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as a WebTrader solution for convenient browser-based access. EverestCM provides multiple account options, such as Classic and Raw Spread accounts, with features like swap-free Islamic accounts. The minimum deposit is $100, and leverage is offered up to 1:500. The Raw Spread account starts with spreads from 0.0 pips plus commission, while the Classic account provides zero commission but wider spreads. The broker supports deposits and withdrawals via diverse payment methods—credit/debit cards, UnionPay, electronic wallets, and bank transfer—across multiple currencies (USD, EUR, GBP). Client funds are held in segregated accounts, and EverestCM claims to implement negative balance protection. A demo account is available to allow traders to practice before committing real funds. However, there are significant red flags: regulatory authorities in Mauritius and Spain have issued warnings, stating that EverestCM is not regulated or licensed by them. Its official website is currently inaccessible, and various watchdog platforms rate its credibility and reliability very low. Overall trust and reputation scores are weak, pointing to elevated risk. Given these concerns, prospective traders are strongly advised to approach EverestCM with extreme caution—or avoid it altogether—in favor of better-regulated alternatives.