Geverestfx Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-09-12 17:26

Abstract：Geverestfx is a global forex broker registered in Australia. It offers over 300 trading instruments, including currency pairs, stocks, indices, commodities, precious metals, and oil. It offers four account types with leverage up to 1:500. However, the regulatory license of Geverestfx is a suspicious clone. Even worse, they have been exposed by the financial authorities of Cyprus as a scam.

　　Note: Geverestfxs official website: https://geverestfx.com/?lang=en is currently inaccessible normally.

　　Geverestfx is a global forex broker registered in Australia. It offers over 300 trading instruments, including currency pairs, stocks, indices, commodities, precious metals, and oil. It offers four account types with leverage up to 1:500. However, the regulatory license of Geverestfx is a suspicious clone. Even worse, they have been exposed by the financial authorities of Cyprus as a scam. Please be aware of the risk.

Pros and Cons

Pros	Cons
Multiple Account Types	Suspicious Clone Regulation
Multiple Trading Choices	Unavailable Website
MT4 Trading Platform	High Minimum Deposit
	No Demo Accounts
	Limited Customer Support Channels

Is Geverestfx Legit?

　　The regulatory license of Geverestfx is a suspicious clone. The actual regulated entity named on the license is AMP Global LTD, which does not correspond with the name Geverestfx. Geverestfx falsely claims to have permission from the Cyprus Securities, yet in reality, they have been blacklisted by the commission. Please carefully verify the legal status of the company to avoid potential risks before engaging trading.

Regulatory Status	Suspicious Clone
Regulated by	Cyprus
Licensed Institution	AMP Global LTD
Licensed Type	Market Making(MM)
Licensed Number	360/18

What Can I Trade on Geverestfx?

　　You can trade forex, shares, indices and commodities on Geverestfx.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Cryptocurrencies	❌
Stcoks	✔
Mutual Funds	❌

Account Type

　　Geverestfx offers four kinds of account options, including the micro account, standard account, premium, and VIP. Different account types are equipped with different trading conditions. You can find more specific info in the table below:

Account Type	Minimum Deposit	Maximum Leverage	Spread	Commission
Micro Account	$250	1:500	From 1 pip	No
Standard Account	$2500	1:300	From 1 pip	No
Premium Account	$25 000	1:100	From 0.6 pips	$6/€5 per round
VIP Account	$100 000	1:100	From 0.2 pips	$6/€5 per round

Geverestfx Fees

　　Geverestfx claims to offer competitive spreads and commissions.

Geverestfx Spreads

　　Geverestfx offers low spreads starting from 1 pip for Micro and Standard, 0.6 pips for Premium, and an ultra-low 0.2 pips for VIP accounts.

Geverestfx Commissions

　　The Geverestfx Commission is relatively low. For Micro Account and the Standard no commission is charged, and the commission for the Premium and the VIP is $6 or € 5 per round.

Trading Platform

　　Geverestfx supports MT4, which is the most popular professional trading platform globally. MT4 offers a trade screen, charting tools, and expert advisors to assist you in trading.

Trading Platform	Supported	Available Devices
MT4	✔	computer and mobile phone
MT5	❌

Customer Service

　　You can connect Geverestfx through phone and email.

Contact Options	Details
Phone	+357 25 03 6579
Email	info@geverestfx.com
Supported Language	English
Website Language	English

The Bottom Line

　　Overall, despite offering four diverse account types, Geverestfx notably lacks demo accounts for risk-free practice. Alarmingly, its regulatory license is suspected of cloning, and it has been exposed as a scam. You'd better stay away from this trader..