A month ago, FxGecko posted a warning that Evest Group Ltd was a scam.

Recently, another victim reported that his family was scammed by Evest Group Ltd.

Therefore, FxGecko is posting again to warn people to stay away from Evest Group Ltd and its similar investment scams.

▶Scam broker name: Evest Group Ltd

▶Rating: 1.8 (Very low rating, high risk)

▶Regulation and license: Unregulated, no forex trading license. (High risk!)

▶Related companies: 8, most of them are abnormally operated high-risk trading platforms. (Be alert!)

▶Scam alert: Evest Group Ltd used to prevent customers from withdrawing their money on the grounds that the system was under maintenance, and asked them to pay a 15% fee to withdraw their money (a typical withdrawal scam).

Now the Evest Group Ltd scam is still going on, they have changed several domain names and their website is very crude and does not provide any information about their company related registration, regulatory license information and valid contact information such as phone number and address.

FxGecko reminds you that if you trade with such unregulated and almost anonymous Forex brokers, your money and personal information will not be safe.

If you are a victim of a scam, click here to see what to do after being scammed.

Reminder: Don't trust individuals or organisations who claim to be able to get your money back - they may be selling hope and scamming you again. This is especially true if they ask you to pay in advance, which is a "recovery scam".

FxGecko Tips -- Forex trading scams usually have 3 high-risk signals:

1/ They will promise you an almost 0 risk, high yield investment opportunity.

2/ Scammers use forex brokers that are unregulated and do not have a legitimate forex license.

3/ When you try to withdraw a large amount of money, they stop you for various reasons and try to get you to invest more money.

FxGecko advises that you should always be cautious when you come across investment opportunities that promise high returns with little or no risk. These are likely to be scams.

You should "ask, check and confirm" before investing.

You can check the regulatory licenses, security scores, customer complaints and other information about global trading platforms at FxGecko to avoid any potential scams.

You can also file a complaint against any problematic broker to seek a solution, or expose a scam broker to alert others not to be scammed.

Click here to recognize common investment trading scams to avoid being scammed.

Click here to see how to check if a broker is safe and what to do if you encounter a scam broker.