ANSWER EVEST lacks the required authorization to operate as a trading platform and thus it is advisable to stay away from it.While EVEST claims registration in three countries including Vanuatu, Cyprus, and the UK, there are no indications that it is financially registered in these regions. We searched the registers of the Vanuatu Financial Services Commission (VFSC), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Conduct Authority (FCA) and didn't find any results matching EVEST and its owners. Therefore, its offerings are not regulated.The absence of regulatory oversight will lead to increased risks of fraud and identity theft. There are no legal protections to ensure EVEST's compliance with regulations and thus it is highly risky to entrust it with funds and personal information. To mitigate such risks, it is advisable to stay away from unlicensed platforms like EVEST and instead choose a fully regulated one.
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