Evest Group has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Immediate Alpha. We’ve received over 4 complaints against Evest Group.
Evest Group Ltd is recognized as a fraudulent broker that deceives investors with high-yield, low-risk assurances. The company lacks regulatory licenses, employs deceptive practices such as withdrawal scams and aggressive sales tactics, and has received numerous customer complaints regarding concealed fees and unreturned funds. To safeguard their personal information and finances, prospective investors should refrain from investing in Evest Group Ltd.
Get Your Money Back From These Scammers!
[mychargeback-form]
Key Takeaways
Is Evest Group Regulated? Do They Have a License?
Evest Group Ltd has been identified as a scam broker by several sources. The organization entices clients with promises of high-yield, low-risk investment possibilities, which is a frequent approach used by unscrupulous brokers to lure naive investors.
Evest Group Ltd lacks regulatory permits, providing a substantial risk for investors. The absence of regulation by a recognized financial authority is a huge warning flag. Without effective oversight, the corporation can engage in questionable conduct without being held accountable by regulatory organizations.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Evest Group is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Evest Group, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Concerning Issues Present at Evest Group
The company has been accused of using many fraudulent methods to scam investor. Customers report issues withdrawing their monies, with the firm frequently claiming that the system is being maintained. Additionally, Evest Group Ltd charges a 15% fee for withdrawals, which is another classic scam ploy.
Evest Group Ltd has used many domain names, which complicates efforts to hold them accountable. Their websites frequently lack critical information such as firm registration, governmental licenses, and accurate contact information.
The broker uses aggressive sales tactics to compel users to deposit more money. Customers are frequently given inaccurate information regarding the safety and profitability of their investments, providing a false sense of security.
Many clients have complained hidden costs and aggressive sales methods. Some investors have lost money and are unable to recover it, demonstrating the fraudulent character of Evest Group Ltd’s operation.
Evest Group Ltd has published rules on its official website to help users prevent phishing and investment fraud. These instructions underline the importance of authenticating transactions through official Evest channels and urge against disclosing personal information to third parties. However, in light of the numerous scam charges, these precautions appear shallow.
It claims to offer a structured complaints mechanism that allows clients to file complaints if they believe they have been treated unfairly or have experienced financial harm. Despite this, the procedure’s effectiveness is seriously questioned, as proven by numerous allegations of fraudulent activity and unsolved complaints.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Evest Group Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Evest Group Reviews: What Do Others Say?
Reddit users have issued warnings about Evest Group Ltd, claiming it is a scam and advised others to avoid it. These postings describe how the organization claims practically risk-free, high-yield investments, which are common features of investment scams.
While some Trustpilot reviews praise Evest for its customer service and trading experience, many negative reviews show that the company’s support suffers drastically once clients make deposits and lose money. This inconsistency in service quality signals fraudulent activity.
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Evest Group tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Evest Group reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Evest Group, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Evest Group enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Evest Group reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Evest Group.
You should always look out for consumer complaints. In the case of Evest Group, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Evest Group? You can share your complaint in the comment section or submit an anonymous tip.
Is Evest Group Legit Or a Scam?
Evest Group is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Evest Group can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Evest Group?
Evest Group Ltd demonstrates various characteristics of a scam broker, including unregulated operations, dishonest techniques, aggressive sales tactics, and a large number of consumer complaints. Potential investors should avoid dealing with Evest Group Ltd in order to protect their finances and personal information from fraudulent activity.
All the evidence suggests that Evest Group is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Evest Group a scam?
Can I withdraw money from Evest Group?
Where is Evest Group Located?
How do I get my money back from Evest Group?
How The Evest Group Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
