Evast Prime Review: Evastprime.com Another Crypto Scam
Evast Prime (Evastprime.com) is claiming to use state of the art A.I. Technology for Cryptocurrency trading. EvastPrime is claiming to have a fast platform that offers security of Cryptography. Other claims we saw on their homepage include users getting the ability to trade from anywhere. All these would be great if only the platform offered realistic trading services to investors. Know more in this detailed and eye-opening EVAST PRIME Review.
About Evast Prime
According to information on their website Digital Dreams Technologies is the owners of this platform. What we failed to note was the actual address of this company. The website claims the broker is located in St. Vincent and the Grenadines which spells doom for investors. Offshore brokers are never trusted with funds. Traders from regions such as America and Europe have been victims of offshore brokers. St. Vincent and the Grenadines has become a haven for would be scam platforms.
When it comes to the company’s registration, Digital Dreams Technologies is not registered. No company register in St. Vincent and the Grenadines has the name of this company. Another problem with Evast Prime is lack of proper information regarding the founding members. No one knows the names of the staff members who are running the day to day activities of the platform. And this makes Evast Prime a dangerous platform due to its anonymous nature. Real platforms will give social media handles of their staff members for legitimacy. You better use tested and trusted Cryptocurrency trading robots for a lucrative Digital currency trading experience.
Assets Offered
The platform claims to offer Commodities, Cryptocurrencies, Forex, and Indices. They claim to offer rebate payment on CFDs, Commodities, Cryptocurrency, Forex, and Futures. Evast Prime is claiming to have paid over $8.7m globally to clients in the trading period 2015 – 2018. These are all false claims meant to lure unsuspecting investors. These numbers don’t add up as no trader has ever posted proof of withdrawal. We also have a huge problem with the insane statements about their members.
According to their website, Evast Prime is claiming to have over 90,000 active members. Another false claim is having over 18m trades per annum. Investors are promised to trade in commodities and indices such as crude oil, Dow Jones, and Gold. You can also get a number of foreign exchange selections such as EUR/USD, USD/CHF, GBP/USD, among others. They claim to help traders diversify their trading portfolio. These could all be true if only the platform allowed withdrawals after deposits have been made.
Domain Details
Evast Prime claims to have been in the industry for over four years. These claims are refuted by the fact that their website is barely a year old. A look at the trusted domain register whois.net reveals the website was created on 19th December 2019. Where they traded over $8.7m globally is anyone’s guess. These scam artists will do or say anything to try and make their platforms appear legit. And this is why we must expose and stop these scam artists from harassing unsuspecting online investors.
Features of Evast Prime
License and Registration
The platform has posted a false registration document which they claim is from the SVGFSA. No broker who deals in Forex is licensed by the Financial Service Authority of St. Vincent and the Grenadines. The regulator has no mandate to offer Forex trading licenses to brokers. And this is one of the main reasons why we flag this platform. Evast Prime IS NOT LICENSED OR REGULATED by any official body. No other regulator in the world has given this platform the green light.
We also had to confirm with other regulatory bodies to confirm the status. These included ASIC, CNMV, CONSOB, CySEC, and FINMA. It would appear Evast Prime is using a false license and registration document. And this is the main reason why investors should be worried; they simply can’t trust the broker. They are in the business of fooling investors with their crappy online trading platform.
Limitations of Evast Prime
Account Details
When it comes to the plans they offer, this relevant information is missing. You expect a platform to offer their plans for everyone to see. No account means users don’t know what they are getting into. You don’t know the leverage and spreads available on the platform. Another huge problem with Evast Prime is lack of depository requirement status. Most of the members were asked to deposit over $1,000 to start trading. The industry has set $250 as the acceptable minimum requirement.
Contact and Customer Support
Evast Prime is limiting members to email and a P.O Box address. The reason why they don’t offer live chat or give a phone number is easy. No scam artist wants to give their victims access and ways to contact them. You would expect a platform which claims to use A.I. Technology to have live chat. And this is another concrete reason to stay away of this platform and never sign up.
Demo Account
A demo account is available and is a copy of the MT4 related demo account. These scam artists have used the trusted MT4 trading platform to disguise their real platform. Once you open an account, you will realize these scam artists use a different platform. A demo account is helpful as it gives traders an idea of what to expect with a certain platform. These scam artists have taken advantage of this need to use a demo account. They use a trusted platform which is not available in their real platform.
Payment Methods with Evast Prime
Some of the payment methods listed includes Ali Pay, MasterCard, UnionPay, and Visa. The problem with this platform is that you will not be able to withdraw funds. Most of the complaints we have seen is as a result of withdrawal. None of the over 90,000 members has ever posted any proof of withdrawing funds. And this is reason enough to stay away as it is clear this is not a legit trading platform.
Trading Platform
When it comes to the real trading platform, Evast Prime is using a web-based platform. The problem with their web based version is that it lacks proper security software. Members are using an unstable platform which leaves them open to third party attacks. You also can’t use the platform on various smartphones due to its instability status. Lack of DDoS and SSL encryption has led the platform to become a target for hackers.
Safety of funds with Evast Prime
Another disturbing feature with Evast Prime is security guarantee of funds deposited. Without a proper account plan, it means users are depositing funds straight to owner’s bank account. The platform is pooling funds in one account since segregation of accounts is not available. Another issue is in regards to compensation. Don’t expect any compensation from this platform as it does not participate in a compensatory scheme.
Scam or legit
With all the evidence produces, it is clear Evast Prime is a scam waiting to pounce on unsuspecting investors. Stay away from it and make sure to warn your loved ones. When you receive an email with their promotional link, don’t click on it. Block all calls from their call agents who act as account managers. When they call, you should not give them your personal information such as credit card details. And this will protect your data as well as funds.
Bottom line
By adding this platform to our scam blacklist, we will help investors avoid a huge scam.
We wish all traders a happy and prosperous trading period. Stay safe by using approved and recommended brokers trusted by the trading community.
