Key Takeaways

  • Accepts cryptocurrencies deposits, including BTC and USDT.
  • Zero fees on deposits & withdrawals.
  • Low spreads and fast execution speeds.
  • Low minimum deposit from €/£/$100.

EverestCM Overall rating

3.0
Overall rating is an average of ratings from experts in 4 categories.
Pricing
4.0
Regulation
2.0
Popularity
3.0
User rating
Source: fxverify.com

We start our EverestCM review highlighting some of the key features of this CFDs broker, what the company has to offer and what it stands for. Established in 2020, EverestCM is a trading brand of Myrtle Ltd, a financial services company with offices in Cyprus and supervised by the Mauritius Financial Services Commission.

EverestCM offers trading with leveraged CFDs in different asset classes; forex, indices, stocks, energies, precious metals, and cryptocurrencies, with low spreads and fast execution speeds. Trading can be done via 2 trading platforms – MetaTrader 4 and MetaTrader 5 and with 2 accounts, tailored to suit every type of trader and trading strategy.

Each account is priced differently to match investors’ needs, with a minimum deposit of just €/£/$100 and with a maximum leverage of 500:1. On top of that, EverestCM offers investors the possibility of funding the trading account with cryptocurrencies – BTC, LTC, ETH, BCH, DASH, BNB, XRP and USDT, with zero fees (also applicable for withdrawals).

Negatively, EverestCM offers very little regarding trading education, although the broker claims to have a top-notch Trading Academy. The Academy is completely inaccessible from the home page, can’t be found on the top nav bar, but we found it nevertheless, and the contents offered were very basic – only a few articles published from time to time.

EverestCM Regulation / Money Protection

2.0
Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
Myrtle Ltd 500 : 1


International regulation: Myrtle Ltd, and trading as EverestCM, is the counterparty for international customers and is supervised by the Mauritius Financial Services Commission. Myrtle Ltd, with a registered address Pope Hennessy Street, Suite 602, 6th Floor, Hennessy Tower, Port Louis, Mauritius is regulated by the MFSC with an SEC-2.2 Investment Dealer (Broker) Licence, number GB21026300. EverestCM international website is www.everestcm.com.

Please note that 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.

Client Money Protection

EverestCM complies with the highest standards regarding client money protection. Therefore, the broker client’s funds are kept in tier-1 banking institutions, in segregated accounts.

EverestCM also complies with the client money handling rules and employs strict policies and procedures regarding the maintenance and operation of these accounts. EverestCM holds the client's money separately from the company funds and does not use these funds for any company operational expenses or purposes.

Deposit Compensation

Currently, Myrtle Ltd does not offer any deposit insurance, as the company is not a member of any Investor Compensation Fund. The deposit compensation is not a requirement by the Mauritius FSC for authorised brokerage services firms. In the unlikely event that Myrtle Ltd becomes insolvent, or is unable to pay claims against it if the firm has stopped trading, clients might not be entitled to any compensation.

Negative Balance Protection

Trading accounts (Classic and Raw Spread) opened with the Myrtle Ltd entity are protected with a default Negative Balance Protection mechanism, in place for the sake of no negative balance. With NBP, EverestCM customers can rest assured and are protected from any losses bigger than their original investments, in cases of extreme market volatility.

EverestCM Cashback rebates

Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
  Classic Raw Spread
Forex0.30 Pips Per Lot25.00% Of Commissions Paid
Metals0.30 Pips Per Lot25.00% Of Commissions Paid
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
Spread Reduction
By opening your account through us you'll trade on lower spreads!
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
Commission reduction
By opening your account through us you'll trade on lower commissions!
  Classic
Forex 0.30 Pips Per Lot
Metals 0.30 Pips Per Lot
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
Spread Reduction
By opening your account through us you'll trade on lower spreads!
  Raw Spread
Forex 25.00% Of Commissions Paid
Metals 25.00% Of Commissions Paid
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
Commission reduction
By opening your account through us you'll trade on lower commissions!

What are EverestCM rebates?

EverestCM rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.

Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.

How do EverestCM rebates work?

When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.

Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.

How much EverestCM rebates can I earn?

Use our forex rebate calculator to estimate your EverestCM rebate earnings:

Forex rebate calculator

You must enter a valid number

Are EverestCM rebates a scam; do my spreads increase?

EverestCM rebates paid by legitimate rebate providers are not a scam, however scams do exist. The most common scam is a rebate provider that marks up the spread or commission in order to pay a higher rebate than competitors. Many brokers do allow a referring party, or rebate provider, to markup costs to traders they refer. Obviously this defeats the purpose of the service provided by the rebate provider and thus jeopardizes the viability of the rebate provider’s reputation and business, so a reliable provider wouldn’t consider this. Besides this, certain rebate providers may not pay on time, or not at all. This is why it’s important to choose a reliable provider.

When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker.

Are there any other benefits to signing up for EverestCM rebates?

It depends on the rebate provider. Due to our unique relationship with many brokers, we have often mediated between brokers and clients in order to help successfully resolve client issues, including clients who are having withdrawal issues. Brokers are often very fast to respond to us, since we typically have many clients with them. Our knowledgeable support team is available 24 hours per day in 8 native languages & 23 total languages for any questions. We also offer trading tools, calculators, reviews and a robust forex education section.

How are forex rebates paid?

Because we deal with so many traders in so many different countries and serve 23 languages we have to cover a wide array of options. Here’s what we offer:

Forex rebate options vary per broker:

Monthly cash back Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in.
Spread or commission reduction The trader actually receives reduced commissions and/or spreads. This is an exciting option offered by some of our top brokers.
Paid direct to brokerage account Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another exciting options offered by some of our top brokers.

In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, China Unionpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.

EverestCM Profile

Company Name Myrtle Ltd
Year Founded 2020
Headquarters Mauritius
Office Locations Cyprus, Mauritius
Account Currency EUR, GBP, USD
Support Languages Chinese, English, Indonesian, Malay, Portuguese, Spanish
Funding Methods Bank Wire, China Union Pay, Credit/Debit Card, Neteller, Skrill (Moneybookers), B2BinPay
Financial Instruments Forex, Shares, Indices, Oil/Energies, Metals
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread

Established in 2020, and with offices in Cyprus and Mauritius, EverestCM offers 2 account types, the Classic and the competitively priced Raw Spread account, suitable for professional investors, and both with fast execution speeds.

EverestCM is the trading brand of Myrtle Ltd, a financial services company supervised and regulated by the Mauritius FSC (Financial Services Commission) and holding an SEC-2.2 investment dealer licence, since 05/05/2021.

The broker provides online trading services in leveraged CFDs, giving customers and investors the potential to generate financial returns on both rising and falling prices across different financial instruments; FX, indices, commodities, stocks and cryptocurrencies.

EverestCM product offering and services are available to a wide range of customers, including retail investors, business to business, institutional investors, portfolio management, and also introducers and affiliates.

Trading with EverestCM can be done via both MetaTrader platforms, the MT4 and the evolved MT5, with both trading platforms available on Web Trader version compatible with several internet browsers – and without the need of downloading or installing anything.

The EverestCM MT4 and MT5 are also available for desktop terminals running Windows (min. Win 7) and MacOS, complemented with the mobile versions for Android and iOS. EverestCM is also planning in launching soon the SUMMIT, a bespoke web-based forex & CFDs trading platform, proprietary to the broker, with 250+ tradable instruments, easy 1-click trading and made for complete beginners.

EverestCM Asset classes

EverestCM trading platforms provide traders with access to liquidity from multiple venues and multi-asset trading – FX and CFDs on several financial instruments. As an online CFD broker, EverestCM offers a limited selection of about 300 assets to trade, divided into 5 asset classes: forex, cryptocurrencies, indices, stocks and commodities.

FX market: 60+ currency pairs, including all major pairs, and some minor and exotic crosses.

Indices: 11 global and very liquid indices CFDs, including the AUS200, UK100, HK50 and JP225.

Stocks: 220+ stocks CFDs of leading US and European companies and banks, including Apple, Airbus, BMW, BP, Facebook, VW, Tesla and Twitter.

Commodities: 9 commodities spot contracts CFDs available for trading; 7 metals – Gold versus the USD, GBP and EUR, Platinum versus the USD, Palladium versus the USD and Silver versus the USD and EUR, and 2 energies spot contracts – UK Oil and US Oil.

Cryptocurrencies: 10 cryptocurrencies CFDs crosses available for trading versus the USD; BTC, ETH, LTC, XRP, BCH, DSH, EOS, IOTA, NEO and XMR.

EverestCM Account types

  Classic Raw Spread
CommissionNone7.00 USD\5.00 GBP\5.50 EUR
Maximum leverage500:1
Mobile PlatformMT4 Mobile, MT5 Mobile
Trading PlatformMT4, MT5, WebTrader
Spread TypeVariable Spread
Minimum Deposit100
Minimum Trade Size0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Classic
Maximum leverage 500:1
Typical Spread 1.1
Trading platform MT4MT5WebTrader
Mobile platform MT4 MobileMT5 Mobile
Spread type Variable Spread
Minimum deposit 100
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Raw Spread
Commission 7.00 USD\5.00 GBP\5.50 EUR
Maximum leverage 500:1
Typical Spread 0.1
Trading platform MT4MT5WebTrader
Mobile platform MT4 MobileMT5 Mobile
Spread type Variable Spread
Minimum deposit 100
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

EverestCM offers two trading accounts, developed to suit every trading strategy and traders’ needs, merged with a popular leverage limit for forex trading and a low minimum deposit requirement to activate trading. Let’s check out each account and its features:

EverestCM Classic account is best suited for investors looking to trade only with the bid and ask prices, without any extra costs. The spreads of the EverestCM Classic account are floating, starting at 0.8 pip for major pairs (only with the MT5 platform), and with no commissions. The Classic accounts can be opened with a maximum leverage ratio of 500:1 and with a low initial deposit of just 100 USD/EUR/GBP.

EverestCM Raw Spread account is the broker’s ECN model account, suitable for all traders, and with lower spreads, in return, paying a trading commission. Spreads are also floating, starting at 0.0 pip on major FX pairs (EUR/USD average spread is 0.2 pip, for example), but with a trading commission of $7 per round turn lot. The minimum deposit also starts at 100 USD/EUR/GBP and the maximum leverage ratio available is also 500:1.

EverestCM also proposes swap-free accounts for traders of Islamic belief, and an excellent MAM & PAMM software giving money managers the flexibility needed to earn an extra ROI to grow their business. With easy deposits and withdrawals, customisable trading conditions, seamless client onboarding process, the possibility of trading using 1 Master Account, and automatic performance fee calculations, EverestCM MAM/PAMM accounts could represent a serious alternative for money managers.

Regarding leveraged forex trading, EverestCM maximum leverage ratio is 500:1, also applicable when trading metals and other commodities. EverestCM maximum leverage for indices trading is 200:1, and for stocks and cryptocurrencies trading is 5:1.

Currently, EverestCM trading accounts are available in USD, EUR and GBP – subject to account specifications and the client’s jurisdiction.

EverestCM Demo account

With an EverestCM demo account traders can test how this CFDs broker compare against its peers, for its product offering and trading conditions. An EverestCM demo account is also a great way for novice traders to practise their trading skills in a safe environment, without risking real money.

Opening an EverestCM demo account takes less than 1 minute, and new users will need to register as an individual client (corporate client is also accepted) with the broker by filling in a simple form. The information required is basic, including name and surname, date of birth, country, phone number, a valid email address, and finally create an account password. Please note that to open a demo account, traders do not need to upload any verification document(s) to EverestCM, unless they are ready to open a live account.

After filling in all the required information users just need to click the “Continue” blue button, and this action will open the EverestCM dashboard. The broker will also send an email with all the login details for the account.

On the dashboard, on the left menu, there’s an “Accounts” tab. Clicking that tab will expand to show also the “Open Demo Account” option, and by selecting it on the next screen, users can set up a new demo account – select the account type from Classic MT4/MT5 to Raw MT4/MT5 and click “Continue”.

Next, users can choose the leverage from 1:1 to 500:1, the account currency and the initial balance for 500 to 100,000. When completed, users need to click “Continue” again, and then confirm the setup.

Then EverestCM will display the login credentials for the newly created demo account, including account login, password and server – curious fact here, the EverestCM server for the MT4 demo account is the same used for the live accounts, so what traders see on the demo account (spreads and commissions, for example) is what they will get on a live account!

The only thing left now is to download the selected trading platform for desktop, or install one of the mobile versions available on Google Play Store and Apple Store, according to the platform selected when creating the demo account. Download it, install it and log in to your new demo account.

EverestCM demo account gives users the chance to test the broker's services and pricing on several financial instruments – guaranteed by the broker to replicate real market conditions, without risking any real money. The EverestCM demo account can be tested for an unlimited period, as it is non-expiring, it is 100% risk-free and comes “loaded” with up to 100,000 USD virtual funds. Both profitable trades, and losses, are also virtual, of course.

Register for free and test your trading strategies, open a EverestCM demo trading account with no risk and no obligation now.

EverestCM Pricing

Account/Pricing Classic Raw Spread
EUR/USD Spread from 0.8 pip on MT5 from 0.0 pip
EUR/USD Commission (1 lot) $0 from $7
EUR/USD Swap rate
(03-11-2021)
  • Long: -0.445
  • Short: -0.011

Spreads and trading commissions

EverestCM’s overall cost of trading and spreads are amongst the most competitive when compared with other top brokers in this industry. The starting spread for the most popular cross, the EUR/USD pair, on the Classic MT5 account starts at 0.8 pip – declared by the broker.

In reality, the average spread for the EUR/USD on the Classic MT5 account is 1.0 pip, commission-free, which is still low when compared to other players in this industry. For the Classic MT4, the EUR/USD average spread is 1.2 pip, also commission-free.

The highlight goes to EverestCM’s ECN type account, the Raw Spread, with more competitive pricing and trading conditions. Taking the EUR/USD cross again as our example, EverestCM proposes a starting low spread of 0.0 pip (average 0.2 pip), but paying a trading commission of $7 for 1 standard lot traded ($3.5 per side/per lot).

We consider the EverestCM Raw Spread account trading commission to be quite aligned when compared with the trading commissions charged by other top players in this industry; between $6 to $7 per 1 standard lot traded (100,000 currency units).

Rollover rates

EverestCM swap rates, as of 03-11-2021, and for the EUR/USD, stand at -4.45 for holding overnight a long position of 1 lot and at -0.11 for holding overnight a short position of 1 lot, with a 3-day swap charged on Wednesdays. We consider EverestCM’s swap rates to be average when compared with the rollover rates offered by other top brokers.

EverestCM Deposits / Withdrawals

Deposit fees: Trading accounts can be opened in 3 different fiat currencies (USD, GBP and EUR) and maintained via 16 funding methods; debit/credit cards, bank wires, and also with the most popular e-wallets, including Paynet, Webpay, Neteller and Skrill. EverestCM accepts also several cryptocurrencies as a funding method; BCH, BNB, BTC, DASH, ETH, LTC, USDT and XRP, processed via B2BinPay.

EverestCM does not charge any deposit fees, however, deposited funds via any accepted funding method might incur charges from the e-wallet or service provider.

Minimum deposit: Opening a trading account with EverestCM can be done online, taking around 10 minutes to complete the required forms and submit the ID confirmation documents. Currently, EverestCM minimum deposit requirement to open a live account is €/£/$100 for any of the accounts offered.

Withdrawal fees: Also, good news regarding the withdrawals (processed within 24 hours). EverestCM does not charge fees for withdrawals, except for withdrawals via bank wire (€25/$30) and China Union Pay ($30), however, some e-wallets and crypto networks might charge a processing fee. For more information, please visit the EverestCM deposit and withdrawals dedicated page.

Inactivity fee: Currently, EverestCM does not charge an inactivity fee or any account maintenance fees.

EverestCM Popularity

EverestCM’s popularity with the trading community is currently just average. This CFDs broker is new on the online trading sphere, and in business since 2020, still has to capture the attention of investors.

But, EverestCM has several important features to boost its popularity to higher levels in the short term, mainly, competitive pricing with the Raw Spread account, no fees on deposits and withdrawals, and a trustworthy ECN trading environment.

Also, EverestCM accepts deposits in several cryptocurrencies, allowing investors to fund a trading account with BTC, ETH or USDT, for example, and a very low initial deposit of just 100 currency units to start trading with a live account.

Last, but not least, the broker offers a great ECN trading environment (with the Raw Spread account), allowing investors to trade with all types of strategies, including automated trading, with no-requotes and fast execution speeds.

Popular trading account: The EverestCM Raw Spread accounts (MT4 and MT5) are the popular choice with traders for their low initial deposit of just €/£/$100, the offering of the popular MetaTrader platforms, and for its lower spreads with a competitive commission of $7.00 per lot ($3.50 per 100,000 currency units traded).

Trading education

EverestCM loses some popularity points for the lack of trading and educational materials. The broker offers limited materials, available through the "Tools” tab on its website. EverestCM clients can only find an economic calendar (on the registered user dashboard), and a few market articles.

Research & education materials available on EverestCM website
FX Courses - money management, how to trade the markets, etc.
Market Analysis - daily or weekly market reports
Webinars - live, online trading education with experts
WebTV - live video stream of financial news
Trading Videos - trading education videos
Trading eBooks - trading education literature
Trading Strategies - technical analysis strategies
Trading Tools - calculators, economic calendar, etc.
Market Signals - suggested buy/sell entries with TP and SL levels

EverestCM Promotions


EverestCM FAQs

Does EverestCM offer an MT4 download?

Yes, EverestCM offers an MT4 download for several devices, from desktops to mobile phones. The EverestCM MT4 can be downloaded by users who open a live account, but also by new customers looking to test the broker’s trading conditions with a demo account*.

*Requires registering with the broker and creating a demo account directly on the user dashboard, taking around a couple of minutes to set up.

The EverestCM MT4 supports the trading of 61 forex pairs, 11 indices, 10 cryptocurrencies, 7 metals and 2 energies CFDs, but not stocks CFDs. The EverestCM MT4 is the perfect solution for all traders (seasoned and novice) because it combines a user-friendly interface, advanced charting features, technical analysis tools and automated trading capabilities.

EverestCM MT 4 platform download also supports multiple account base currencies including USD and EUR and is available in over 30 different languages.

The EverestCM MT4 Web Terminal, available for several internet browsers, mimics the familiar user interface of the MT4 desktop version and has real-time quotes, fully functional trading (including one-click trading), charts with 9 timeframes and analytical objects.

The EverestCM Web Terminal is a modern HTML5 application with a proprietary charting engine, and the web platform is safe to use - any transmitted information is securely encrypted.

EverestCM has pre-packaged the MT4 platform installation into a standalone Windows app for your convenience. Once the download is complete, simply install the .exe file on your Windows machine, log in to an existing trading account (or create a demo account) with the details from the user dashboard. You will need to do this only once if you decide to save the login details.

Below you can find the EverestCM MT4 version that suits your trading needs, download it directly and install it on your device:

After completing the download, install the app on your device and start it. Enter the login details from the user dashboard in the dialogue box and select the EverestCM-Live server.

Press the "Login" button and a connection to the EverestCM MT4 server will be established. You will be able to start trading with the EverestCM MT4 if you have a live account with funds – or using it to connect to a demo account.

What are the EverestCM withdrawal methods?

EverestCM processes withdrawals in 7 different methods, including the most popular cryptocurrencies. The broker has a return to font policy, meaning that a withdrawal to a credit card needs to be sent to the same card used to deposit.

Following strict AML (Anti-Money Laundering) policies, all withdrawals from EverestCM accounts need to be sent to the same payment option used for deposits, up to the total deposited amount. The remaining balances can be withdrawn using any other available payment method. And this also means that all withdrawals from EverestCM accounts must be made to financial accounts that exactly match the name on the client’s trading account.

It’s also important to mention that withdrawals to 3rd parties are not accepted and withdrawal requests are processed within 24 hours on business days but can take up to 5 business days. Let’s check out the most popular EverestCM withdrawals methods:

Credit & Debit cards

  • Withdrawal currencies: EUR, GBP, USD;
  • The minimum withdrawal amount is 10;
  • Processing times within 24 hours.

Bank transfer

  • Withdrawal currencies: EUR, USD;
  • The minimum withdrawal amount is 100;
  • EverestCM charges a €25/$30 processing fee.

Cryptocurrencies via B2BinPay

  • Withdrawal cryptos: BCH, BNB, BTC, DASH, ETH, LTC, USDT, XRP;
  • The minimum withdrawal amount is 100;
  • Cryptocurrencies network charges a fee for the withdrawal.

Skrill (only for non-EU countries)

  • Withdrawal currencies: EUR, USD, GBP;
  • The minimum withdrawal amount is 10;
  • Any withdrawal amount above the one deposited is subject to a 2% processing fee.

Neteller (only for non-EU countries)

  • Withdrawal currencies: EUR, USD, GBP;
  • The minimum withdrawal amount is 10;
  • Any withdrawal amount above the one deposited is subject to a 2% processing fee.

China Union Pay

  • Withdrawal currencies: USD;
  • The minimum withdrawal amount is 100;
  • EverestCM charges a $30 processing fee.

What is EverestCM leverage?

EverestCM maximum leverage, for forex trading, is 500:1. But EverestCM maximum leverage ratio is also subject to the financial instrument traded.

Please refer to the table below to see EverestCM’s maximum leverage ratios available by asset class:

Asset Class Maximum Leverage
Currencies 500:1
Indices 200:1
Stocks 5:1
Metals 500:1
Energies 500:1
Cryptocurrencies 5:1


On a final note, we would like to remember investors that the EverestCM leverage limits are applied for all the account types; Classic and Raw Spread, and on all available trading platforms; MetaTrader 4 and MetaTrader 5.

What are the EverestCM commissions?

The EverestCM commission is $7 for 100,000 USD currency units traded. EverestCM only charges commissions for its ECN type account, the Raw Spread account.

The standard $7 commission is charged on the Raw Spread MT4 and Raw Spread MT5 accounts on currencies and metals trading. For cryptocurrencies trading, the commissions vary, depending on the traded instrument. For example, a 0.10 lot BTC/USD is charged $1.19 commission, 0.10 LTC/USD charged $0.61, 0.10 lot ETH/USD charged $1.35 commission and 0.10 lot XRP/USD charged $0.34 commission.

The trading commissions for energies (UK Oil and US Oil) and the 11 indices offered for trading are included in the spread.

The EverestCM Classic MT4/MT5 accounts are spread only accounts, where investors can trade several instruments (including cryptocurrencies) with just the bid and ask prices, without any commissions.

What is EverestCM minimum deposit?

EverestCM minimum initial deposit is 100 USD, GBP, EUR for all accounts – Classic and Raw Spread, except with bank transfers, where the minimum deposit is 5,000 USD/EUR.

Subsequent deposits into an EverestCM trading account vary, ranging from 15 USD/EUR/GBP for cards, Skrill and Neteller to 100 USD/EUR/GBP for the other popular e-wallets and cryptocurrencies. Bank wires deposits are always 5,000 USD/EUR.

As a regulated broker, EverestCM takes the safety of client funds seriously, and for this reason, all client deposits are fully segregated from the company’s funds and kept in a separate account with tier-1 banking institutions.

EverestCM accepts account deposits via bank wire (USD/EUR), credit/debit cards (USD/EUR/GBP), Neteller and Skrill (USD/EUR/GBP and only for non-EU countries), China Union Pay, Boleto, Pagofacil, Webpay, Banco Guayaquil, Walmart, Banco Industrial, PayNet Malaysia, BBVA, BCP, (USD only) and B2BinPay (BTC/ETH/USDT/BCH/BNB/LTC/XRP/DASH).

EverestCM does not charge any fees/commissions for account deposits however, bank wire deposits may be subject to fees by the sender’s bank. Deposits to EverestCM trading accounts are processed instantly, except for bank wire transfers, subject to banking schedule, on average 3 to 5 business days.

Currency conversions rates/fees may apply to deposits made in unavailable account base currencies, i.e., TRY to EUR, or MXN to USD.

EverestCM review - final considerations.

We conclude our EverestCM review with the final considerations regarding this CFDs broker. EverestCM stands out from its competitors for its Raw Spread account, and its good starter range of financial instruments and the competitive pricing offered on most pairs.

Also positively, the minimum deposit required to open a live account is very low, $/£/€100, and EverestCM earns some popularity points with the trading community for the acceptance of several cryptocurrencies as an account funding method.

The ECN trading environment offered by EverestCM, with good execution speeds, allows for reliable transactions, with instant execution and order filling with no requotes and no conflict of interest. EverestCM clients are also offered an excellent range of trading platforms, MetaTrader 4 and MetaTrader 5, and are allowed to hedge, scalp and use automated trading systems, with no restrictions.

Negatively, EverestCM offers a limited selection of about 250 financial instruments, leaving out several markets, especially on the stocks, commodities and cryptocurrencies asset classes, that could be attractive for investors. Also, impacting negatively the broker’s overall reputation is its claim of the best free trading academy (EverestCM Trading Academy) that is nowhere to be found on its website – an extremely important feature, especially, for novice traders.

Overall, the excellent trading platforms and trading accounts offered, the possibility of funding an account with several cryptocurrencies, the attractive zero-fees on deposits and withdrawals, merged with a low initial deposit of 100 USD/GBP/EUR, position this CFD broker on the top 10 brokers for popularity with traders opening a trading account in 2021.

EverestCM User rating

3.0

EverestCM reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.

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Currently, we do not have enough data from EverestCM verified customers - with a real trading account - to analyse and publish the broker’s customers feedback. We will update the EverestCM user rating section soon.

Review sources

For over 10 years we have been a leading IB broker of forex and CFDs trading accounts to virtually all of the world's top forex brokers. One of our primary goals is also to help investors make informed decisions, by publishing accurate and unbiased content, supported mainly by primary sources.

These sources may include information supplied by the broker, government data, data available on the broker's corporate website(s), the analysis from our industry experts, and the opinions from verified traders with a live account. The information on the EverestCM review page was also sourced from:

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Bearing this in mind, you should not invest more than you can afford to lose.

Regional Restrictions: 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.