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EverestCM Account Types

EverestCM-Account-Types-Review

 

Overall, EverestCM provides 2 different retail account types namely a Raw spread trading account and a Classic trading account. EverestCM also offers a demo account as well as an Islamic swap-free option for Muslim traders. EverestCM offers trading accounts in USD, EUR, and GBP.

 

EverestCM Account types Review – 5 Key Point Quick Overview Revealed (2022):

  1. ☑️ EverestCM at a glance
  2. ☑️ EverestCM Trading accounts and features
  3. ☑️ EverestCM Account types Pros and Cons
  4. Frequently asked questions

 

EverestCM is a Forex CFD Provider based in Mauritius. What differentiates the broker from other brokers is that it tries to bridge the gap between the retail trading world and the institutional trading world.

 

EverestCM at a glance

🔍 Broker's nameEverestCM
🏛 HeadquartersPort Louis, Mauritius
📅 Year founded2020
🏛 Regulating AuthoritiesFSC
🌐 Countries not accepted for tradeUSA, Seychelles, Mauritius, North Korea, Iran, Japan, Belgium, and Canada
📒 Demo accountYes
☪️️ Islamic accountYes
📒 Institutional accountYes
💻 Managed accountsYes
📊 Maximum leverage1:500
💳 Minimum deposit$100
➕ Deposit optionsVisa, MasterCard, UnionPay, Boletol, WebPay, Skrill, Neteller, BCP, Bank Wire Transfer
➖ Withdrawal optionsVisa, MasterCard, UnionPay, Boletol, WebPay, Skrill, Neteller, BCP, Bank Wire Transfer
📊 Tradeable assets offeredForex, indices, stocks, energies, precious metals, and cryptocurrencies.
💬 Languages supported on websiteChinese, English, Indonesian, Malay, Portuguese, Spanish
💬 Customer support languagesChinese, English, Indonesian, Malay, Portuguese, Spanish
💻 Platforms providedMetaTrader4, and MetaTrader5
📲 OS CompatibilityDesktop, PC, Mac, Web, iOS, and Android devices
☎️ Customer service hours24/5

 

Overall Rating

4/5

Rated #523 of
Recommended FX Brokers

💰Minimum Deposit

$100

🌐 Regulators

FSC

📱 Trading Desk

MT4 and MT5

Crypto

Yes

📈 Total Pairs

250+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

EverestCM Trading accounts and features

📌 Accounts🥉 Raw spread account🥈 Classic trading account
💰 Minimum Deposit$100 USD$100 USD
📊 Trading platformsMT4 and MT5MT4 and MT5
💳 Commission fees$3.50 USD per lotNone
📉 Leverage1:5001:500
📈 Spreads starting from0.0 pips1.6 pips
💬 Margin call100%100%
🛑 Stop out30%30%
☪️️ Swap-free accountYesYes

 

EverestCM offers two kinds of live account types namely a Raw Spread Trading Account and a Classic Trading Account. It is offered to individuals and for joint accounts as well as for corporate trading accounts. EverestCM also offers beginner traders the option of a demo account and makes provision for traders the follow the Muslim faith to open an Islamic Account.

 

EverestCM Raw Spread Trading Account

  • Trading platform – MT4 and MT5
  • Minimum deposit – $ 100
  • Commission – $3.50 per lot
  • Leverage – 1:500
  • Spreads – starting from 0.0 pips
  • Margin call – 100%
  • Stop out – 30%
  • Swap-free account

 

EverestCM Classic Trading Account

  • Trading Platform – MT4 and MT5
  • Minimum deposit – $ 100
  • Zero commission charges
  • Leverage – 1:500
  • Spreads – starting from 1.6 pips
  • Margin call – 100%
  • Stop out – 30%
  • Swap-free account

 

EverestCM Islamic Account

 

EverestCM offers Muslim traders who follow Sharia law the option of opening an Islamic Account.

Traders can merely convert their live trading account into an Islamic Account. The Islamic account means a Muslim client has an additional swap-free option without being charged during overnight positions of swaps or rollover interests.

Islamic Swap-free accounts are subjected to EverestCM’s approval. Interested clients can log into the website of EverestCM and submit a request.

 

EverestCM Demo Account

 

EverestCM also offers traders the option of opening a Demo Account which can be utilized in many ways.

Firstly, a demo account is seen as a practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.

Secondly, it can also be used by traders who are evaluating and comparing brokers who would like to explore EverestCM’s trading conditions in a risk-free environment.

Thirdly, traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital may also find a demo account useful.

EverestCM’s demo account sign-up is fully digitalized and hassle-free. It is a free account to open and can be used for an unlimited time period.

The demo account has the same features like the live account type and gives traders the opportunity to practice trading without any risk involved.

Register for an account can be done within a few minutes and as soon as the trader is registered, demo trading can commence once the trader has downloaded and installed their trading platform of choice, with either MetaTrader4 or MetaTrader5.

 

EverestCM Account types Pros and Cons

✔️ Pros❌ Cons
MetaTrader4 and MetaTrader5 offeredClients from the USA, Seychelles, Mauritius, North Korea, Iran, Japan, Belgium, and Canada not accepted
Segregated client funds usedOnly two live account types offered
Demo Account offeredFixed spread accounts not offered
Islamic Account offered
Commission-free trading offered on the Classic Trading Account

 

Overview

 

EverestCM is a fairly new Forex CFD Provider that has been in operation since 2020. Its headquarters is in Port Louis, Mauritius which is an off-shore destination.

What differentiates the broker from other brokers is that it tries to bridge the gap between the retail trading world and the institutional trading world.

EverestCM found a way to offer the lowest forex and CFSs pricing with the launch of its Raw Spread Trading Account. This account provides the trader with the lowest spreads together with execution technology a deep liquidity pools.

With EverestCM, traders can trade using a variety of CFDs, which include forex, indices, spot metals, commodities, stocks, and cryptocurrencies. Trading is done on the popular and globally preferred MetaTrader4 and MetaTrader5 platforms.

Traders can opt for two types of live accounts namely a Raw Spread Trading Account and a Classic Trading Account. In addition, the broker also offers a demo account as well as an Islamic Swap-Free Account for traders that follow the Muslim faith.

Although EverestCM is managed from an offshore destination, it is the trade name of Myrtle Ltd. which is authorized and regulated by the Mauritius Financial Services Commission (FSC). It ensures traders that client funds are kept in segregated accounts.

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 offerings as prohibited.

 

You might also like: EverestCM Review

You might also like: EverestCM Demo Account – Step by Step

You might also like: EverestCM Fees and Spreads

You might also like: EverestCM Islamic Account Overview

You might also like: EverestCM Minimum Deposit

You might also like: EverestCM Sign up Bonus

You might also like: EverestCM Withdrawal Process

 

Frequently asked questions

 

Trading environment

 

How many instruments can I trade with EverestCM?

You can trade the following instruments namely, forex, indices, stocks, energies, precious metals, and cryptocurrencies.

 

Which platforms are supported by EverestCM?

MetaTrader4 and MetaTrader5.

 

Does EverestCM offer leverage?

Yes. Leverage of up to 1: 500.

 

What spreads can I expect with EverestCM?

Spreads typically start from 0.0 pips on the Raw Spread Trading Account and 1.6 pips on the Classic Trading Account.

 

Does EverestCM charge commission?

There are no commission charges on the Classic Account, however, on the Raw Spread Trading Account, the commission charges are $ 3.50 per lot.

 

Are there additional charges on the Islamic account?

Not that can be seen from EverestCM’s website.

 

Is EverestCM regulated?

Yes. EverestCM is regulated by the FSC in Mauritius.

 

Is EverestCM a recommended forex trading broker for experts and beginners?

Yes. EverestCM offers a trading environment for both beginners and expert traders.

 

What is the overall rating out of 10 for EverestCM?

8/10.

 

Accounts

 

What is the difference between a demo and a live trading account?

A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.

A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.

 

Does EverestCM offer a demo account?

Yes. EverestCM does offer traders the option to open a demo account.

 

For how long is the demo account valid?

EverestCM offers the demo account for an unlimited time period.

 

Does EverestCM offer the option of an Islamic Account?

Yes. EverestCM offers the option of an Islamic Account for traders of the Muslim faith.

 

Which live trading accounts does EverestCM offer?

EverestCM offers two live trading accounts namely a Classic Trading Account and a Raw Spread Trading Account. Both accounts are available for individuals, joint accounts or corporate.

 

What are the available deposit currencies for a live trading account?

Only three currencies are accepted, namely EUR, USD, and GBP.

 

Deposits and withdrawals

 

What is the minimum deposit for EverestCM?

$100 USD.

 

How do I make a deposit and withdrawal with EverestCM?

  • Visa
  • MasterCard
  • UnionPay
  • Boletol
  • WebPay
  • Skrill
  • Neteller
  • BCP
  • Bank Wire Transfer

 

Does EverestCM charge withdrawal fees?

No. EverestCM does not charge any withdrawal fees. Traders may be subjected to transaction fees which are charged by their bank

 

How long does it take to make a withdrawal?

According to the information on the broker’s website, all payment methods used for withdrawal will take place within 24 hours.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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