Evergreen Prime Capital - AI risk analysis

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AI risk analysis - Evergreen Prime Capital (2025-04-29 17:35:44)

Below is a comprehensive analysis of Evergreen Prime Capital Limited based on the requested criteria, including online complaints, risk level, website security, WHOIS lookup, IP and hosting analysis, social media presence, red flags, regulatory status, user precautions, and potential brand confusion. The analysis draws on available information, critically evaluates the data, and highlights potential risks while adhering to the provided guidelines.

1. Online Complaint Information ¶

Trustpilot Reviews: Evergreen Prime Capital has a 4-star rating on Trustpilot based on four reviews. However, the small sample size limits the reliability of this rating, and the reviews lack detailed feedback to assess authenticity. The absence of widespread user feedback raises concerns about transparency and credibility.
Other Complaint Platforms:
BrokersView and WikiFX report significant concerns, labeling Evergreen Prime Capital as a potential scam due to its unregulated status and lack of transparency.
MetaTrader Reviews highlights deceptive practices, including challenges with withdrawals and high fees (10–20% of withdrawal amounts), which are common tactics among fraudulent brokers.
Quora user reports describe a case where a withdrawal required a 15% deposit, a classic scam tactic used to extract additional funds without releasing money.
Summary: The presence of complaints about withdrawal issues, high fees, and scam allegations across multiple platforms suggests significant user dissatisfaction and potential fraudulent behavior.

2. Risk Level Assessment ¶

High-Risk Indicators:
Unregulated Status: Evergreen Prime Capital claims registration in St. Lucia, but forex trading is not licensed or regulated there. The lack of oversight from reputable financial authorities (e.g., FCA, ASIC, CySEC) increases the risk of fund mismanagement or fraud.
Offshore Operations: Operating from St. Lucia, an offshore jurisdiction with lax regulations, is a common strategy for brokers to evade accountability.
Withdrawal Issues: Reports of exorbitant withdrawal fees and refusal to release funds indicate a high risk of financial loss.
High Leverage: Offering leverage up to 1:500 is unusually high and risky, especially for retail traders, as it can lead to significant losses.
Overall Risk Level: High. The combination of no regulation, offshore registration, and user complaints about withdrawals points to a broker with substantial risks. Investors face a high likelihood of financial loss without legal recourse.

3. Website Security Tools ¶

SSL/TLS Certificate: The website (https://evergreenprimecapital.com/) uses HTTPS, indicating an SSL certificate is present, which encrypts data between the user and the server. However, SSL is standard for most websites, including fraudulent ones, and does not guarantee legitimacy.
Security Headers: Without direct access to the website’s headers (due to the browser update requirement noted in the source), it’s unclear if advanced security measures like Content Security Policy (CSP) or HTTP Strict Transport Security (HSTS) are implemented.
Vulnerabilities: No specific reports of website vulnerabilities (e.g., SQL injection or XSS) were found, but the lack of transparency about security practices is concerning.
Summary: While basic encryption is likely in place, the absence of detailed security information and the website’s reported inaccessibility (requiring browser updates) raise concerns about professionalism and user experience.

4. WHOIS Lookup ¶

Domain Information:
Domain Name: evergreenprimecapital.com
Registration Date: Likely registered around or before September 2023, as the Android app was released then. Exact WHOIS data is unavailable due to privacy protection services, which is common but can obscure ownership details.
Registrar: Typically, domains use registrars like GoDaddy or Namecheap, but specific details are not provided in the sources.
Registrant: The use of privacy protection to hide registrant details is a potential red flag, as legitimate brokers often provide transparent contact information.
Summary: The obscured WHOIS data aligns with practices of questionable brokers, reducing transparency and making it harder to verify the company’s legitimacy.

5. IP and Hosting Analysis ¶

Hosting Provider: No specific hosting provider details (e.g., Cloudflare, AWS) are available from the sources. The website’s reported inaccessibility suggests potential hosting issues or intentional restrictions.
IP Geolocation: The company claims a presence in St. Lucia (P.O. Box 838, Castries) and mentions Dubai, but no IP geolocation data confirms these locations. Discrepancies between claimed and actual server locations are common among scam brokers.
Summary: The lack of verifiable hosting and IP data, combined with vague physical address claims, increases suspicion about the broker’s operational transparency.

Presence: No specific mentions of Evergreen Prime Capital’s social media accounts (e.g., Twitter, Facebook, LinkedIn) were found in the sources. Legitimate brokers typically maintain active social media profiles to engage with clients and build trust.
Engagement: The absence of reported social media activity suggests limited public engagement, which is unusual for a broker claiming to be a “top world broker.”
Summary: The lack of a visible social media presence is a red flag, as it limits transparency and opportunities for user interaction or verification.

7. Red Flags and Potential Risk Indicators ¶

Unregulated Status: The broker’s lack of regulation by any reputable authority is a major red flag, as it leaves investors unprotected.
Offshore Registration: St. Lucia’s lax regulatory environment and the vague Dubai claim suggest an attempt to evade scrutiny.
Withdrawal Issues: High fees and refusal to process withdrawals are hallmark scam tactics.
Anonymity: Hidden WHOIS data and lack of clear ownership details obscure accountability.
High Leverage and Low Spreads: Promises of 0.0 pip spreads and 1:500 leverage are enticing but unrealistic for a legitimate broker, as they increase risk and suggest aggressive marketing to lure inexperienced traders.
Limited Transparency: The website’s inaccessibility (requiring browser updates) and lack of detailed company information (e.g., leadership team, operational history) are concerning.
Positive Reviews with Low Volume: The small number of positive reviews on Trustpilot, without detailed user experiences, may indicate manipulated or fake feedback.
Summary: Multiple red flags, including lack of regulation, withdrawal issues, and anonymity, strongly suggest Evergreen Prime Capital operates with deceptive intent.

8. Website Content Analysis ¶

Claims and Promises:
The website promotes “superior conditions,” “exceptional security standards,” and “raw spreads from 0.0 pips” with no requotes, targeting high-volume traders, scalpers, and robots. These claims are appealing but lack verifiable evidence.
It positions itself as a “top world broker” with principles of “Trust, Quality, and Reliability,” yet provides no audited financials or regulatory licenses to back these claims.
Account Types: Offers Standard, Pro, Micro, and ECN accounts with a minimum deposit of $100 and leverage up to 1:500. The variety of accounts appears professional, but the unregulated status undermines credibility.
Terms and Conditions: The terms emphasize high-risk trading, user responsibility for losses, and no liability for the company in case of service interruptions or data inaccuracies. This shifts all risk to the user, which is concerning for an unregulated broker.
Summary: The website’s content is designed to attract traders with bold claims, but the lack of transparency, unverifiable assertions, and risk-heavy terms suggest a focus on marketing over substance.

9. Regulatory Status ¶

Claimed Registration: Evergreen Prime Capital claims to be registered in St. Lucia (1st Floor, The Sotheby Building, Rodney Bay, Gros-Islet, P.O. Box 838, Castries). However, St. Lucia does not regulate forex trading, rendering this registration meaningless for investor protection.
No Valid Regulation: No evidence suggests oversight by reputable regulators like the FCA (UK), ASIC (Australia), CySEC (Cyprus), or DFSA (Dubai). The claim of a Dubai presence lacks confirmation from the DFSA or other authorities.
MetaTrader License: The broker reportedly uses a MetaTrader 5 license to appear legitimate, but this is a common tactic among scam brokers and does not indicate regulatory compliance.
Summary: Evergreen Prime Capital is unregulated, posing a significant risk to investors due to the absence of legal protections or oversight.

10. User Precautions ¶

To protect against potential risks when considering Evergreen Prime Capital, users should:

Verify Regulation: Only trade with brokers regulated by top-tier authorities (e.g., FCA, ASIC, CySEC). Check regulator websites directly to confirm licensing.
Research Complaints: Review platforms like BrokersView, WikiFX, and Trustpilot for user experiences. Be wary of brokers with withdrawal issues or scam allegations.
Test Withdrawals: Deposit small amounts initially and attempt withdrawals to verify the broker’s reliability before committing significant funds.
Avoid High Leverage: Be cautious of brokers offering high leverage (e.g., 1:500), as it amplifies losses, especially for inexperienced traders.
Secure Accounts: Use strong passwords and enable two-factor authentication (if available) to protect accounts from unauthorized access.
Consult Professionals: Seek advice from independent financial or legal advisors before trading with unregulated brokers.
Report Scams: If scammed, report to authorities like the local financial regulator or platforms like WikiFX (report@wikifx.com).

11. Potential Brand Confusion ¶

Similar Names:
Evergreen Capital, L.P.: A New York-based investment firm managing diversified portfolios (e.g., fire safety, security systems). Unrelated to forex trading, but the similar name could cause confusion.
Evergreen Investment Advisors: An SEC-registered advisor focused on real estate with $14 billion in assets. No connection to forex, but the “Evergreen” brand may mislead users.
Evergreen Services Group: A holding company acquiring businesses for long-term ownership. The “Evergreen” name and financial focus could be mistaken for Evergreen Prime Capital.
Evergreen Investments: A former Wachovia subsidiary managing mutual funds, phased out in 2010. Historical brand recognition might confuse older investors.
Risk of Confusion: The generic use of “Evergreen” in finance and investment firms increases the likelihood of brand confusion. Evergreen Prime Capital may exploit this to appear legitimate by associating with reputable entities. Users must verify the exact company and website (evergreenprimecapital.com) to avoid mistakes.
Summary: The “Evergreen” name is common in finance, and Evergreen Prime Capital’s lack of a distinct identity heightens the risk of users mistaking it for established, regulated firms.

12. Critical Evaluation ¶

While Evergreen Prime Capital markets itself as a trusted forex broker with competitive trading conditions, several factors undermine its credibility:

Lack of Regulation: Operating without oversight from reputable authorities is a critical flaw, as it leaves investors vulnerable to fraud and fund loss.
User Complaints: Consistent reports of withdrawal issues and high fees align with scam broker tactics, contradicting the broker’s claims of reliability.
Transparency Issues: Hidden ownership, vague addresses, and inaccessible website content suggest an intent to obscure operations.
Contradictory Claims: The broker’s assertion of being a “top world broker” is unsupported by evidence, and its offshore status contradicts claims of trustworthiness.
Comparison to Legitimate Brokers: Unlike regulated brokers (e.g., eToro, regulated by FINRA and CySEC), Evergreen Prime Capital lacks verifiable credentials, audited financials, or transparent operations. The sources, while informative, are not exhaustive, and some (e.g., Trustpilot) may be subject to manipulation. However, the consistency of scam allegations across independent platforms like BrokersView and MetaTrader Reviews strengthens the case against Evergreen Prime Capital. The broker’s practices align with known scam tactics, such as offshore registration, withdrawal barriers, and exaggerated marketing.

13. Conclusion ¶

Evergreen Prime Capital Limited presents a high-risk profile due to its unregulated status, offshore operations, user complaints, and lack of transparency. The absence of verifiable regulatory oversight, combined with reports of withdrawal issues and deceptive practices, strongly suggests it may be a scam broker. The website’s inaccessibility, hidden WHOIS data, and lack of social media presence further erode trust. Potential brand confusion with reputable “Evergreen” firms adds to the risk of deception. Recommendation: Avoid trading with Evergreen Prime Capital. Instead, choose brokers regulated by top-tier authorities (e.g., FCA, ASIC, CySEC) with transparent operations and positive user feedback. For safer alternatives, use tools like BrokerChooser’s “Find My Broker” to identify regulated brokers. If you have already invested, attempt to withdraw funds immediately and report issues to relevant authorities.

14. Additional Notes ¶

Sources Used: The analysis incorporates information from BrokersView, WikiFX, MetaTrader Reviews, Trustpilot, Quora, and other web sources provided, ensuring a balanced perspective.
Limitations: Direct access to the website was not possible due to reported browser update requirements, limiting some analyses (e.g., security headers). WHOIS and hosting data were also constrained by privacy protections and lack of specific details.
User Action: If you seek further details or suspect fraud, contact WikiFX (report@wikifx.com) or check regulator databases directly. This analysis is provided for informational purposes and does not constitute financial advice. Always conduct independent research and consult professionals before trading.