Evergreen Oak Capital claims to offer high-return financial trading services, utilizing modern technological innovations and prioritizing safety, balanced performance, and customer support. At least that’s how the company presents itself on various pages.
The truth is that the investment platform’s website has been shut down, probably due to the FCA’s warning. Read our Evergreen Oak Capital Review to learn the truth about this scheme.
| Regulated by: | Unregulated Investment Scam |
| Is This Company Safe? | No |
| Known Websites: | evergreenoakcapital.com |
| Have Warnings from: | FCA, CONSOB |
| Registered in: | US (allegedly) |
| Operating since: | 2020-09-19 |
| Trading Platforms: | N/A |
| Maximum Leverage: | N/A |
| Minimum Deposit: | N/A |
| Deposit Bonus: | N/A |
| Trading Assets: | N/A |
| Free Demo Account: | Not Available |
| How to Withdraw from This Company? | Since this company is unlikely to return your money – contact your bank, Financial Regulator, or simply Reach out to us for professional assistance in recovering your funds. |
Legal Info: Is Evergreen Oak Capital Regulated?
The dubious investment firm claims to have its headquarters in Denver, US. Some other sources suggest that the business is based in the United Kingdom. Nevertheless, we did our research and confirmed that the company is not registered or regulated anywhere.
To make matters worse, the UK’s Financial Conduct Authority (FCA) issued a warning against Evergreen Oak Capital on August 7, 2023, prompting the fraudulent schemester to shut down the bogus website and lay low.
“This firm is not authorised by us and is targeting people in the UK,” says the FCA, thus warning domestic traders not to invest in the unlicensed firm. The Italian CONSOB (consob.it) also blacklisted the platform. You’d be wise to listen to the FCA and avoid unregulated platforms such as Evergreen Oak Capital or Canz Trades.
If this company has defrauded you, we can help you get your money back!
Why Financial Market Regulations Matter
The reason why you shouldn’t trust unregulated companies is that you won’t be able to benefit from the compensation scheme, which all licensed entities are liable to provide their clients with.
For instance, the FCA requires firms to register their clients with the Financial Services Compensation Scheme (FSCS), thus entitling them to a potential compensation of up to 85,000 GBP.
In addition, brokerage and investment firms are required to maintain a substantial minimum operating capital of 730,000 GBP, provide clients with negative balance protection, a safe leverage cap (1:30), and segregate their funds in a top-tier bank (e.g. Barclays).
Who Are Evergreen Oak Capital’s Targets?
According to godaddy.com/whois, the evergreenoakcapital.com website domain was created on September 19, 2020. From then up until the website got shut down, the financial swindler mainly targeted unsuspecting traders who reside in the following countries:
- United States;
- Canada;
- Andorra;
- Nigeria.
An unlicensed entity such as Evergreen Oak Capital has no business offering services in heavily regulated jurisdictions such as the United States or Canada. And do not forget the warnings from the FCA and CONSOB, which basically banned the company from operating in Europe.
Just check out the shockingly low trust index on scam-detector.com (2/100). Stay away from unregulated platforms because the vast majority are unreliable and duplicitous. There are many licensed providers out there that will ensure you trade safely!
If you need help finding the right platform for you, book a free consultation with us.
Trader Reviews
There are no trader reviews of this platform on popular trading forums such as Trustpilot or TradersUnion. Nonetheless, the FCA probably received numerous complaints against the phony investment firm from unfortunate victims.
Cyber con artists such as Evergreen Oak Capital or iTradeFX operate in a similar fashion; they offer trading services to clients, initially guiding them through email and private channels. Clients are required to deposit funds using credit/debit cards, bank transfers, or cryptocurrencies in order to trade.
Problems start appearing when traders request a withdrawal. Possible issues include account suspension or withdrawal errors, which leave the trader confused and frustrated.
What Should I Do In Case Of Withdrawal Issues
Since the company’s website is down, we could not find out which payment methods the platform accepted for deposits and withdrawals. The related fees are unknown as well.
Nevertheless, based on our experience, we assume Evergreen Oak Capital used to accept payments via credit/debit cards, bank transfers, and cryptocurrencies.
If you have deposited your money using MasterCard or VISA cards, you can request a chargeback at your issuing bank within 540 days in order to get a refund. The same applies to bank transfers, but it can only work if the transaction is not yet complete.
As for crypto payments, you are going to need professional assistance. Luckily for you, our experts are skilled at tracing digital transactions using advanced software such as CipherTrace! Once we locate the wallet that received your payment, you can request a refund from the crypto exchange.
Key Information To Consider About This Platform
To sum up our concise review, Evergreen Oak Capital is a fraudulent investment scam, allegedly based in the United States. This platform has been active since 2020, targeting primarily traders from the US, Canada, Nigeria, and Andorra.
This website was blacklisted by the UK’s FCA in early August 2023. If you have fallen victim to the Evergreen Oak Capital scam, we can help you get your money back. Book a free consultation with us to find out what the next step is in the fund recovery process. Our team will gladly guide you every step of the way!
Book your free consultation today and start the chargeback process.
FAQ Section
What Is Evergreen Oak Capital?
Evergreen Oak Capital claims to be a renowned and modern investment firm with the best services in the market.
Is Evergreen Oak Capital Safe?
No, the shady investment platform is blacklisted as a scam by the FCA. Fortunately, the bogus website is down.
How Does Evergreen Oak Capital Work?
The problems appear once you request a withdrawal. If you cannot recover your funds from this platform, we offer our professional assistance.
Source:
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