Evergreen Forex Global Limited

Caution Investors Evergreen Forex Global Limited – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

Overview:

Evergreen Forex Global Limited is a company registered in England and claims to provide online forex trading, CFDs, commodities, indices, and cryptocurrencies. The company also claimed to have offices in London, Dubai, and Hong Kong. However, there is no evidence that the company operated legally or had any physical presence in these locations.

Regulation and Compliance:

One of the most important factors to consider when choosing a forex broker is whether it is regulated by a reputable authority that can protect your rights and interests as a trader. Evergreen Forex Global Limited had no regulation or license from any authority, such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in the EU, or the Australian Securities and Investments Commission (ASIC) in Australia. This means that the company was not subject to any rules or standards of conduct, transparency, or accountability. It also means that the company did not have to segregate client funds from its funds, provide adequate customer service, or comply with anti-money laundering and fraud prevention measures.

Customer Reviews:

The customer reviews of Evergreen Forex Global Limited are overwhelmingly negative and reveal many issues and complaints about the company. Many customers reported that they were unable to withdraw their funds from the company, that they were charged hidden fees and commissions, that they were pressured to deposit more money or to accept bonuses with unrealistic conditions, that they were manipulated by false signals and misleading information, and that they were ignored or blocked by the customer service when they tried to resolve their problems. Some customers even suspected that the company was a scam or a Ponzi scheme that used their money to pay other customers or to fund its operations.

Products and Services:

Evergreen Forex Global Limited claims to offer a variety of trading products and services, such as forex, CFDs, commodities, indices, and cryptocurrencies. However, these products and services were not verified or endorsed by any reputable source or authority. The company did not provide any information about its trading platforms, spreads, leverage, execution speed, or market depth. The company also did not disclose its trading conditions, such as minimum deposit, withdrawal methods, fees, commissions, margin requirements, or risk management tools. The company also did not offer any educational resources, market analysis, or trading signals to help its customers improve their trading skills and knowledge.

Location:

Evergreen Forex Global Limited claimed to have offices in London, Dubai, and Hong Kong. However, there is no evidence that the company had any physical presence or legal registration in these locations. The company’s website domain was registered in Panama, a notorious offshore jurisdiction that is known for its lax regulations and secrecy laws. The company’s phone numbers and email addresses were also untraceable and unreliable. The company’s address in London was a virtual office that many other companies shared with dubious reputations.

Customer Service:

Evergreen Forex Global Limited claimed to have a professional and responsive customer service team that was available 24/7 via phone, email, live chat, or social media. However, many customers reported that they were unable to reach the customer service team or that they received unsatisfactory or rude responses. Some customers reported that they were ignored or blocked by the customer service team when they tried to withdraw their funds or complain about their issues. Some customers reported that they were harassed or threatened by the customer service team when they refused to deposit more money or accept bonuses.

Is Your Money Safe in an unregulated company?

The answer is no. When you trade with an unregulated company like Evergreen Forex Global Limited, you are exposing yourself to many risks and dangers. You have no guarantee that your funds are safe and secure, that your trades are fair and transparent, that your personal information is protected and confidential, or that your rights and interests are respected and enforced. You have no recourse or compensation if the company goes bankrupt, disappears, or scams you.

Defensive Measures Against Fraudulent Brokers:

If you have been a victim of Evergreen Forex Global Limited or any other fraudulent broker, you should take some defensive measures to protect yourself and your money. You should report the company to your local authorities and regulators, such as the FCA in the UK or the CySEC in the EU. You should also contact your bank or payment provider and try to reverse or cancel any transactions you made with the company. You should also seek legal advice from a reputable lawyer specializing in forex fraud cases.

Conclusion:

Evergreen Forex Global Limited was a forex broker that claimed to offer various trading products and services. However, the company was dissolved and has no regulation or license from any reputable authority. The company had a terrible reputation and many customer complaints. The company was likely a scam or a Ponzi scheme that used its customers’ money to fund its operations or to pay other customers. Trading with an unregulated company like Evergreen Forex Global Limited is extremely risky and dangerous. You should always avoid such companies and choose a regulated and reputable broker instead.