This EVA Markets review will analyze the broker’s operations, focusing on red flags and tips for recovering lost funds if scammed.
EVA Markets Broker Overview
- Website: https://evamarkets.com/
- Website Availability: Yes
- Headquarters Country: Comoros
- Owned By: Eva Markets
- Blacklisted by: Not recommended by the review website like Fraud Recovery Experts
- Domain Age:
- Name: EVAMARKETS.COM
- Registry Domain ID: 2819369828_DOMAIN_COM-VRSN
- Registered On: 2023-10-04T22:03:39Z
- Expires On: 2025-10-04T22:03:39Z
- Updated On: 2025-01-15T06:49:56Z
Eva Markets is a forex and CFD broker offering trading services on all instruments, including forex, stocks, commodities, indices, and cryptocurrencies. It provides the MetaTrader 5 (MT5) trading platform available on desktop and mobile. Eva Markets is registered in Comoros and is licensed by the Mwali International Services Authority (MISA) with license number T2023415.
Forcing to Deposit
Most users report aggressive deposits request by Eva Markets for increasing clients’ deposits. Initially, users are convinced to put in small deposits. Later on, they are forced to add actual deposits under the fake reason that there must be sufficient free margin for making good positions. Some are saying that after making the addition, the broker enters trades opposite the clients, leading to significant losses.
Deceiving Traders
Customers have reported various deceits by Eva Markets representatives. One such is Deepit Trehan, who is named as a sales representative who followed up on the client for almost a year asking him to open an account. Once the account was active, the client moved to some other person, who was not responsive and pushed the client to send trade screenshots. All these things have raised eyebrows regarding the goodness and transparency from the side of that broker.
Red Flags and Complaints from Users
A number of warning signs hint at trouble with Eva Markets:
Unregulated Status:
Eva markets hold a MISA license but has no regulation by any more credible financial authorities, raising questions of safety and oversight for clients. High Minimum Deposit: The platform set $1,000 as a minimum deposit; this amount is way higher than what the standard industry practice prefers and might repel then potential customers.
User Negative Reviews:
Several users have branded Eva Markets as a scam company with problems of blocking accounts and mismanagement of funds.
Avoid These Popular Online and Financial Scams
Scammers have various ways to get into the minds of people and take away money from them. Here’s the list of scams:
- WhatsApp Scams: Scammers pretend to be officials, friends, or investment consultants. Their task is to lead the victim to invest in fake schemes or attempt phishing.
- Telegram Scams: Scammers create bogus groups and pose as real businesses to promote fraudulent investments, fake giveaways, and Ponzi schemes.
- Ponzi Scams: Their promise is of high returns and low risk, which is paid by new investors to earlier ones until the scheme collapses.
- NFT Scams: Scammers create bogus NFT projects, artificially inflate the price of NFTs, or simply dupe buyers into purchasing worthless digital collectibles.
- Amazon Scams: Fake Amazon representatives trick users into leaking personal details via fake order confirmation emails, refund scams, or phishing websites.
Is EVA Markets Broker Legitimate?
Using the following aspects, we try to confirm the legitimacy of EVA Markets Broker:
- Regulation Status: Legitimate brokers are regulated by the SEC, FCA, or ASIC. The lack of regulatory information is a big red flag.
- User Reviews and Complaints: Complaints from dozens of investors regarding lost funds and withdrawal issues point to scamming.
- Transparency and Credibility: Lack of company data, hidden fees, and misleading terms are signs of fraud.
How to Get Funds Back from EVA Markets Broker?
If you got scammed by EVA Markets Broker, these steps might help you recover your funds:
- Report to Your Bank or Payment Provider: Refer to transactions made without your permission and file a chargeback request.
- Collect All Evidence: All communications, transaction receipts, and screenshots should be consolidated as proof of the scam.
- Complaint Registration with Financial Authorities: Report the scam to the regulator within your country.
- Consider Seeking Professional Help: Recovery experts can follow the money trail and launch a lawsuit against the fraudulent brokers.
About Fraud Recovery Experts
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New fraudulent schemes targeting traders are something we are constantly keeping an eye on across the internet. Having gathered data on scam brokers for over ten years, we hardly can think of any other untrustworthy company in the market. Information about the scammers is provided below from our List of SCAM Brokers.
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