Below is a detailed analysis of EverestCM, operated by Myrtle Ltd, based on the provided criteria, using available information and critical evaluation. The official website is https://everestcm.com. This analysis covers online complaints, risk assessment, website security, WHOIS lookup, IP and hosting, social media presence, red flags, regulatory status, user precautions, brand confusion, and website content.

1. Online Complaint Information ¶

• Sources of Complaints:
• A review on scamrecovery.net (published April 26, 2022) indicates user dissatisfaction with EverestCM, citing feedback from social media platforms (Facebook, Twitter, Instagram) and online trading forums. Users expressed concerns about the broker’s trustworthiness, suggesting caution before investing.
• No specific complaints were found on Reddit or other major platforms like TrustPilot or PissedConsumer, but the lack of widespread positive reviews is notable.
• Nature of Complaints:
• General themes include dissatisfaction with service reliability and concerns about fund security. However, specific allegations (e.g., withheld withdrawals or fraudulent practices) are not detailed in the provided sources, limiting the ability to verify the severity.
• Analysis:
• The presence of negative feedback on social media and forums suggests potential issues, but the lack of detailed, verifiable complaints makes it difficult to assess the scale. The absence of positive reviews could indicate limited user trust or a small client base, which is a concern for a broker claiming global operations.

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2. Risk Level Assessment ¶

• Risk Factors:
• Offshore Regulation: EverestCM is regulated by the Mauritius Financial Services Commission (FSC) under license number GB21026300, an offshore jurisdiction. Offshore regulators often have less stringent oversight compared to tier-1 authorities like the FCA (UK), SEC (US), or ASIC (Australia), increasing risk for investors.
• High Leverage: Offers leverage up to 1:500, which is significantly higher than limits imposed by stricter regulators (e.g., 1:30 in the EU). High leverage amplifies both potential gains and losses, posing substantial risk to retail traders.
• CFD and Forex Trading Risks: The broker explicitly warns that trading Contracts for Differences (CFDs) and forex carries high risk, with 74-89% of retail accounts losing money due to leverage and complexity.
• Risk Level: High
• The combination of offshore regulation, high leverage, and negative user feedback indicates a high-risk broker. Traders, especially novices, face significant financial risk due to potential losses and limited regulatory recourse.

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3. Website Security Tools ¶

• SSL Certificate:
• According to scamadviser.com, everestcm.com has a valid SSL certificate, ensuring secure communication between the user’s device and the website. This is a basic security measure, and its presence is expected for any legitimate financial platform.
• Security Protocols:
• No specific information is provided about additional security measures, such as two-factor authentication (2FA), encryption standards beyond SSL, or protection against phishing attacks.
• Analysis:
• The presence of an SSL certificate is a minimum standard, not a distinguishing factor. The lack of transparency about advanced security features (e.g., 2FA or anti-fraud systems) is a concern for a broker handling sensitive financial data. Traders should verify login security and account protection mechanisms before engaging.

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4. WHOIS Lookup ¶

• Domain Information:
• The domain everestcm.com is registered through GoDaddy, a reputable registrar. WHOIS data is partially obscured for privacy, which is common but limits transparency.
• Scamadviser.com notes that the domain was registered several years ago, suggesting some longevity, which is generally positive. However, the exact registration date is not specified in the provided sources.
• Analysis:
• A domain registered for several years reduces the likelihood of a fly-by-night scam, as fraudulent sites often use newly registered domains. However, privacy-protected WHOIS data obscures ownership details, making it harder to verify Myrtle Ltd’s legitimacy. Traders can contact the domain holder via GoDaddy’s WHOIS link for further inquiry.

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5. IP and Hosting Analysis ¶

• Hosting Provider:
• The website is hosted by CloudFlare Inc., a well-known provider offering DDoS protection and content delivery network (CDN) services. This is a positive indicator, as CloudFlare is widely used by legitimate businesses.
• IP Details:
• No specific IP address or geolocation details are provided in the sources, but CloudFlare’s infrastructure typically distributes content across multiple global servers, enhancing performance and security.
• Analysis:
• Hosting with CloudFlare suggests a commitment to website performance and basic security. However, without specific IP or server location data, it’s unclear whether the hosting environment aligns with Mauritius-based operations or raises jurisdictional concerns.

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6. Social Media Presence ¶

• Presence:
• Scamrecovery.net notes that EverestCM has a presence on platforms like Facebook, Twitter, and Instagram, but user feedback on these platforms is largely negative.
• No specific details about the activity level, follower count, or engagement on these accounts are provided.
• Analysis:
• A social media presence is expected for a broker, but negative feedback on these platforms is a red flag. The lack of positive engagement or verified accounts (e.g., blue ticks on Twitter/X) could indicate limited credibility. Traders should review EverestCM’s social media profiles for authenticity, checking for consistent branding, regular updates, and user interactions.

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7. Red Flags and Potential Risk Indicators ¶

• Offshore Regulation: As noted, regulation by the Mauritius FSC is less robust than tier-1 jurisdictions, limiting investor protections.
• Negative User Feedback: Consistent dissatisfaction across social media and forums suggests potential issues with service or fund security.
• High Leverage Risks: Leverage up to 1:500 is unusually high for retail traders and increases the risk of significant losses.
• Limited Transparency: The website lacks detailed information about company ownership, management, or operational history, which is concerning for a financial services provider.
• Bonus Offers: A 40% deposit bonus was offered for a limited time, which can be a tactic to attract inexperienced traders without fully disclosing risks.
• Analysis:
• Multiple red flags—offshore regulation, negative feedback, high leverage, and limited transparency—suggest caution. While not definitive proof of a scam, these factors collectively increase the risk profile.

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8. Website Content Analysis ¶

• Content Overview:
• The website (everestcm.com) promotes EverestCM as a regulated broker offering forex and CFD trading with two account types: Raw Spread and Classic. It highlights client fund segregation, tier-1 bank partnerships, and no withdrawal fees.
• The risk disclosure page emphasizes the high risk of trading CFDs and forex, including potential total loss of funds, margin calls, and lack of clearinghouse protection for off-exchange instruments.
• Claims and Transparency:
• Claims to be regulated by the Mauritius FSC and affiliated with Myrtle Ltd, but no detailed company background or executive information is provided.
• The site mentions awards but does not specify what they are or who issued them, which raises questions about credibility.
• Analysis:
• The website is professional and includes standard broker features (e.g., account types, risk disclosures), but it lacks depth in company history and verifiable achievements. The risk disclosure is thorough, which is positive, but vague claims about awards and limited ownership details reduce trust.

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9. Regulatory Status ¶

• Regulation:
• EverestCM is the trade name of Myrtle Ltd, authorized and regulated by the Mauritius FSC (license number GB21026300). The FSC oversees financial services in Mauritius but is considered a weaker regulator compared to CySEC, FCA, or ASIC.
• The broker does not offer services in jurisdictions like the USA, Seychelles, Mauritius, North Korea, Iran, Japan, Belgium, and Canada, where such offerings are prohibited.
• Implications:
• Offshore regulation means limited legal recourse for clients if funds are compromised. The FSC requires client fund segregation, which EverestCM claims to follow, but enforcement may be less rigorous than in tier-1 jurisdictions.
• Analysis:
• The regulatory status is legitimate but suboptimal. Traders in jurisdictions with stronger regulators should prefer brokers overseen by local authorities for better protection.

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10. User Precautions ¶

• Recommended Actions:
• Due Diligence: Verify EverestCM’s license with the Mauritius FSC directly. Check for any disciplinary actions or warnings.
• Start Small: If trading, begin with a small deposit to test withdrawal processes and platform reliability.
• Use Demo Account: Utilize the demo account to assess the platform without financial risk.
• Monitor Feedback: Regularly check social media and forums for updated user experiences.
• Secure Accounts: Ensure strong passwords, enable 2FA (if available), and avoid sharing personal details.
• Understand Risks: Fully review the risk disclosure and avoid trading with funds you cannot afford to lose.
• Analysis:
• Given the high-risk profile, users must exercise extreme caution. Independent verification and conservative trading strategies are essential to mitigate potential losses.

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11. Potential Brand Confusion ¶

• Similar Brands:
• Everbridge: A critical event management platform (everbridge.com) with no relation to EverestCM. The similar naming could cause confusion, especially since Everbridge is a well-established brand.
• Myrtle Management Consultants, LTD: An African company (myrtlemcltd.com) offering HR and management services. The shared “Myrtle” name with Myrtle Ltd could lead to mistaken identity, though the industries differ.
• Analysis:
• The similarity to Everbridge is a minor concern, as the industries are distinct (trading vs. event management). However, the shared “Myrtle” name with an unrelated consultancy could confuse users researching Myrtle Ltd’s legitimacy. EverestCM should clarify its branding to avoid misidentification.

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12. Recent Results and Updates ¶

• Scamadviser Rating:
• As of July 20, 2022, scamadviser.com gave everestcm.com a positive trust score (80% or higher), suggesting it is generally safe based on automated analysis of 40 data sources (e.g., technology, hosting, SSL). However, it emphasizes the need for user vetting due to cases where scammers acquire reliable websites.
• Other Reviews:
• Forexsuggest.com and sashares.co.za (both published February 13, 2023) provide balanced reviews, noting pros (e.g., demo accounts, client fund segregation) and cons (e.g., offshore regulation, high risk). They recommend caution but do not label EverestCM as a scam.
• Analysis:
• Recent analyses suggest EverestCM is operational and not an outright scam, but the high-risk nature and offshore regulation remain consistent concerns. The Scamadviser rating is encouraging but not definitive, as automated tools may miss nuanced issues.

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Summary and Recommendations ¶

• Overall Risk: High due to offshore regulation, negative user feedback, high leverage, and limited transparency.
• Key Red Flags:
• Offshore regulation by Mauritius FSC with weaker oversight.
• Negative feedback on social media and forums.
• High leverage (1:500) unsuitable for most retail traders.
• Vague claims about awards and limited company details.
• Strengths:
• Valid SSL certificate and CloudFlare hosting.
• Professional website with clear risk disclosures.
• Demo account and client fund segregation.
• Recommendations:
• For Traders: Approach with extreme caution. Use the demo account, verify regulatory status, and start with minimal deposits. Monitor withdrawals closely.
• For Research: Contact EverestCM via their support (support@everestcm.com or +442033762511) for ownership details. Check FSC records and user forums for updates.
• For Brand Clarity: EverestCM should provide more transparent company information and distinguish itself from unrelated brands like Myrtle Management Consultants. This analysis is based on available data as of April 22, 2025, and critical evaluation of sources. Traders should conduct ongoing due diligence, as the broker landscape evolves rapidly.