The offshore brokerage scheme Evest powered by PandaTS is operated through boiler rooms in Cyprus and Israel and primarily targets clients in Turkey, the Arab and African regions. Access to the website is blocked for Europeans. Evest operates with registration from the Vanuatu Financial Services Commission (VFSC) and the FSCA in South Africa. In addition, the scheme works with companies in the UK and Cyprus as payment agents. Ali Hasan serves as CEO of the Israeli-controlled brokerage scheme.
Key Data
| Trading name | Evest |
| Business activity | Forex, CFD, crypto broker |
| Brokerage platform | PandaTS |
| Domain | www.evest.com https://atriafinancialltd.com |
| Legal entities | Atriafinancial Ltd, Vanuatu Atriafinancial Holdings Ltd, UK Atriafinancial Capital Ltd, UK Atriafinancial Business Services Ltd, Cyprus Atriafinancial SA (Pty) Ltd, South Africa |
| Jurisdiction | Vanuatu, South Africa, Cyprus, United Kingdom |
| Contact | +971-800-0311-1248 |
| Related individuals | Emiliana Theodotou Mohammad Sheikh Suliman Ali Hasan (LinkedIn) Sari Omari |
| Regulators | VFSC for Atriafinancial Ltd FSCA for Atriafinancial SA (Pty) Ltd |
Short Narrative
At PandaTS, the Evest broker shares the vendor ID with other unauthorized offshore brokers such as MonetaMarkets, Coinnery, Daxiron, InvestXE, or StoxDC. This indicates that these broker schemes are or were connected.
According to Similarweb statistics, almost 18% of visitors come from Turkey where Evest does not have regulatory permission. In addition, Saudi Arabia and the United Arab Emirates are the most important markets for Evest.
The offshore broker Evest is operated via boiler rooms and marketing companies in Cyprus and Israel. The Evest brand is owned by Atriafinancial Holdings Ltd, registered in the UK.
Cyprus registered Atriafinancial Business Services Ltd and UK registered Atrifinancial Capital Ltd are the payment agent for the broker scheme, according to the website.
At UK Companies House, Israeli Mohammad Sheikh Suliman is named as the beneficial owner. Cypriot Emiliana Theodotou is registered as a director to the two UK entities. Ali Hassan is named as the broker’s CEO.
On Trustpilot, Evest currently has a 3.7-star rating with an “Average” trust level. However, there have been massive scam allegations from some reviewers recently.
Share Information
If you have information about Evest, its operators, and facilitators, please share it with us through our whistleblower system, Whistle42.
