Evotrade review – Watch out evotrade.com unregulated scam

As of May 2023, the broker (evotrade.com) has ceased operations. But you can read the article to avoid falling for similar scammers.

Evotrade regulations and security

Evotrade claimed to be a regulated brokerage and listed several unknown organizations as well as a fake license certificate. Many clients believed they were dealing with a legitimate company that they could trust.

TechWare Limited owns Evotrade, an offshore brokerage based in Seychelles. FSA Seychelles does not have proof that such a company exists. The broker is also listed as being regulated by FMRRC (an inactive regulator). The IFMRRC is an independent regulator. It did not issue licenses for TechWare Limited or Evotrade. This means that we are dealing with fraudulent brokerages, which you should avoid at all cost.

Warnings from financial regulators

FINACOM, an independent financial regulator, has blacklisted Evotrade. After receiving numerous complaints about withdrawal issues, the broker contacted clients via social media.

Fund withdrawal issues

Evotrade is a fraud, as there is no regulatory body. Many reviews have indicated that Evotrade encourages clients to invest more, but after they submit a withdrawal request, it won’t be approved. Clients who are persistent in requesting their money back will have their accounts blocked. The broker cannot handle withdrawal requests. You are losing value if you stop paying money for the company.

Talk to our experts if you are unable to withdraw funds from Evotrade.

Traders opinion

Evotrade is not a popular choice for traders. Evotrade is not a popular trading platform. Many traders cannot get their money back. However, many others cannot even make money. Although the broker claims to offer an MT5, the platform has a lot more lags than you can afford when trading platforms are involved.

What is the online trading scam?

Scams in online trading start with false advertising and support teams that go out of their way to get your money. Evotrade offers such a service and a fake license that it is hard to imagine what could go wrong. But you’ll find out later that it was all a pleasant story, and you were probably prompted to make more money. The broker will blackmail you if you make more than $250 in deposits and upgrade your account.

Beware of the Evotrade scam. Report any incident immediately.

If Evotrade scams you

Let us know if you believe that Evotrade, or another bogus broker, has scammed you. Our experts can help you file a dispute or initiate the chargeback process.

What is a chargeback?

This is a method of obtaining funds from the merchant in the event that you have been scammed online. To schedule your consultation, contact our support by filling out the form below. We will provide top-notch assistance with money-back. Let’s get started.

Evotrade: Video

Below you will find a short video about Evotrade. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Evotrade!