EverestCM Review

EverestCM is an online Forex and CFD broker which provides its traders with complete peace of mind when it comes to trading Forex. The broker offers forex trading with low prices, including tight spreads from 0.0 pips, lightning fast execution speeds and very competitive commission fees. In addition to good trading conditions, clients also have access to powerful trading platforms for desktop, web and mobile apps. There are trading tools to assist with your daily trading activity and a useful trading academy. Furthermore, EverestCM have a range of flexible account funding options and a fantastic customer care team.

EverestCM

8.5

Spreads

8.5/10

Liquidity

8.5/10

Commissions

8.5/10

Support

9.0/10

Regulation

8.0/10

Features

  • Powerful MetaTrader 4/5 platforms
  • Hundreds of trading instruments
  • Spreads from 0.0 pips
  • Competitive commission fees
  • Flexible Leverage
  • Swap-Free Islamic Account
  • All Trading Styles Allowed
  • Free deposit and withdrawal options
  • Trading academy
  • Regulated broker
EverestCM Broker Features
EverestCM Broker Features

EverestCM Review Introduction

In this EverestCM review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including EverestCM.

EverestCM Platforms & Tools

With EverestCM, you can use the MT4 and MT5 platforms to access over 250 trading instruments.

MetaTrader 4/5

When it comes to trading Forex and CFDs with EverestCM, the MT4 and MT5 trading platforms give you the full flexibility to trade foreign exchange as well as a variety of other financial instruments including commodities, cryptocurrencies, precious metals, CFDs and more.

The popular MetaTrader platforms are used by millions of traders all over the globe. They are well known for being easy to use and having plenty of tools for analysing the markets. You can choose between the MetaTrader desktop platform, web platform that runs directly in your web browser or the MetaTrader app.

MetaQuotes Software released MetaTrader 4 in 2005 and since then, over 14 million traders use it worldwide due to its variety of third-party scripts and advisors. In 2010, MetaQuotes launched MetaTrader 5, which provides an even broader range of analytical tools, indicators and other trading resources. Both platforms should have more than enough features and functionalities to meet the needs of even the most demanding of traders.

Some of the key MetaTrader platform features include the following:

  • Various chart timeframes
  • Multiple order types
  • Technical indicators
  • Drawing objects
  • Economic calendar
  • Automated trading
  • Customised trading tools
  • Price alerts
  • Real time price quotes
  • Fully customisable layout
  • MQL marketplace
  • Available on desktop, web and mobile
EverestCM MetaTrader Platforms
EverestCM MetaTrader Platforms

EverestCM Mobile Trading App

The EverestCM trading app lets you access the markets and manage your trade whilst on the go. All you need is an Android or iOS device and you can trade form anywhere in the world with an internet connection. The mobile trading app is very user friendly and contains all of the tools that you need to analyse charts with relative ease. You can enter and exit positions in just a few taps and even set price alert notifications for when you are not actively looking at the app, so that you never miss any of the action!

  • Open, close & modify positions
  • Trade forex & CFD instruments on live/demo accounts
  • Real time currency rates 24/5
  • User-friendly trading dashboard
  • State-of-the-art charting tools
  • Push notifications
  • 1-click trading
EverestCM Mobile Trading App
EverestCM Mobile Trading App

EverestCM Research & Education

There is the free EverestCM Trading Academy, where you can learn more about the products and services that the broker provides. The market analysis blog section on the EverestCM website has articles covering the following topics:

  • Market Analysis
  • Technical Analysis
  • Fundamental Analysis
  • Sentimental Analysis
  • Weekly Stock Picks
EverestCM Market Analysis
EverestCM Market Analysis

EverestCM Trading Instruments

EverestCM offers its traders a wide variety CFDs on Forex, Shares, Indices, Cryptocurrencies, Commodities, Spot Metals, and Energies. Whether you are looking to trade short term or invest for the long run, there is something that should perk everyone’s interest.

EverestCM Trading Accounts

EverestCM offer two trading accounts as they didn’t want to overload you with choice. They also offer a variety of trading variation accounts, such as a risk-free demo trading account, as well as a joint, corporate and trust trading account too. Each trading account at EverestCM is suited to different types of traders and investors.

Whatever your experience level or investment size, there is an account for everyone. Some accounts have tighter spreads but charge a commission, others have no extra commission fees but instead include them within the spread.

Raw Spread Trading Account

  • MT4 & MT5
  • Minimum $/€/£100 deposit
  • Commission $3.50 Per Lot, Per Side
  • 1:500 leverage
  • Instant Execution
  • Spreads from 0.0 pips
  • Margin Call 100%
  • Stop Out 50%
  • Swap Free
  • Micro Lot Trading
  • Unlimited Maximum Lots per Trade
  • All Trading Styles Allowed

Classic Trading Account

  • MT4 & MT5
  • Minimum $/€/£100 deposit
  • No Commission
  • 1:500 leverage
  • Instant Execution
  • Spreads from 0.8 pips (*available on MT5 only)
  • Margin Call 100%
  • Stop Out 50%
  • 30 Maximum Lots per Trade
  • All Trading Styles Allowed

Demo Account

There are free EverestCM demo accounts for those who wish to practice trading online before opening a real live trading account. The demo account can be a great way to practice your trading strategies and build confidence. They are also a useful way of trying out the EverestCM platforms and services without any risk involved.

Islamic Swap Free Account

EverestCM’s peace of mind trading policy extends even further by catering for the needs of all Forex traders around the world, including traders who, for religious reasons, may opt to not pay daily swap fees. The Swap-Free Islamic Forex trading account provides traders with an account where there is no swap or rollover on overnight positions.

EverestCM Account Funding

EverestCM supports a great amount of account deposit and withdrawal methods, this includes bank transfer, credit/debit cards, e-wallets and cryptocurrency. There is a minimum deposit of 100 EUR/USD/GBP in order to start trading with EverestCM. Currency conversion may apply to unavailable currencies.

EverestCM Funding Options
EverestCM Funding Options

EverestCM covers all fees (on credit, debit and prepaid cards as well as e-wallets), but when it comes to bank transfers, they cover all deposit fees. You will need to contact your Provider/Bank for any fees and/or additional charges. Payments to and from international payment institutions might attract transfer fees, including intermediary bank fees, which are independent of EverestCM. Any such cases, fees will be the responsibility of the trader. When using e-wallets, any withdrawal amount above the one deposited is subject to a 2% processing fee.

EverestCM Customer Service

The EverestCM Customer Care Team is available 09:00 to 18:00 GMT +2 / BST +2 during the weekdays to help you. Don’t hesitate to ask them any question, they will be happy to help in a polite and prompt manner.

EverestCM Regulation

EverestCM is the trade name of Myrtle Ltd. which is authorized and regulated by Mauritius Financial Services Commission (FSC) under the license number GB21026300.

EverestCM take pride in the fact that they are a regulated and licensed Forex broker. As a regulated broker, they must ensure that clients’ money is held in segregated accounts, giving them the peace of mind that they are trading with a broker that must comply with rules and regulations that are put in place to protect investors.

EverestCM does not provide its services to residents of the USA, Seychelles, Mauritius, North Korea, Iran, Japan, Belgium, Canada and other countries whose domestic regulations classify such investment offering as prohibited.

How to open an EverestCM Account

It is pretty straight forward to open an account with EverestCM. You can just click on the “open live account” button located throughout the brokers website and need to do the following:

  • Fill in your personal information
  • Read all of the brokers terms and conditions (only proceed if you agree)
  • Answer any questions regarding your trading experience
  • Verify identity (depending on your country of residence it may not apply)
  • Start trading online once you feel ready to do so
EverestCM Account Process
EverestCM Account Process

EverestCM Review Summary

Overall, EverestCM has a solid offering when it comes to forex and CFD trading online. The trading conditions are very competitive considering the low spreads from 0.0 pips and cheap commission fees. You get a generous choice of powerful trading platforms to choose from, including the well-known MetaTrader platforms for multiple devices. Payment options are versatile and the customer support team are very responsive. Demo accounts and Islamic account are also available.

EverestCM Broker Summary
EverestCM Broker Summary

It is worth mentioning that some of the trading products and services in this EverestCM review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the EverestCM broker website which you can visit by using the link below.

Trading foreign exchange or contracts for differences on margin carries a high level of risk, and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. You should ensure you understand all of the risks. Before using EverestCM services please acknowledge the risks associated with trading.

EverestCM

8.5

Spreads

8.5/10

Liquidity

8.5/10

Commissions

8.5/10

Support

9.0/10

Regulation

8.0/10

Features

  • Powerful MetaTrader 4/5 platforms
  • Hundreds of trading instruments
  • Spreads from 0.0 pips
  • Competitive commission fees
  • Flexible Leverage
  • Swap-Free Islamic Account
  • All Trading Styles Allowed
  • Free deposit and withdrawal options
  • Trading academy
  • Regulated broker