Evest: UAE Broker Scam Run by Construction Workers Based in Cyprus.

The spread opens faster than a woman can open her legs.

Evest is a scam financial service provider that provides trading services to clients from gulf countries,  we have received many reports about their scam activities and incompetent practices.

Evest has its call center offices in Israel and Cyprus, its owned by Israeli nationals but the company is represented by an individual named Ali Hassan, Ali has run and managed many Arab-focused broker scams in the past and this is his major broker scam backed by full Israeli pockets.

Many Evest customers are being given faulty financial advice from inexperienced account managers, most of their "account managers" have less than months of work experience and many also previously worked as construction workers and waiters, you can guess this is a very bad mixture.

Evest hiring completely incompetent account managers is a sign of desperation as they don't have a stable lead source but their volumes are not so bad.

Many of Evest customers complain about the insane spreads that are intentionally modified to make clients lose money in addition to the bad financial advice that makes them lose money and being asked for more money.

Evest is regulated by Vanuatu Financial Services Commission (VFSC) and the South African Financial Sector Conduct Authority (FSCA) both regulators are known to harbor scam brokers and are not trusted regulatory authorities, easily bought for a couple of thousands USD.

We have had many clients complain about this broker and we have also verified the information provided, potential customers can check the Trustpilot reviews of this broker to make up their minds.

As for Ali Hassan Evest and Q8Trade Fraudster and the CNBC Arabia frequent talker, we will be conducting a thorough investigation and publish the story on our website so be sure to subscribe.

If you got scammed by Evest or any other company you can contact us at reports@cyprus-insider.com