This EverFX review outlines the broker’s regulatory background, trading infrastructure, instrument coverage, and suitability for global retail clients. Known for its MT4/MT5 access and multilingual support, EverFX has attracted scrutiny over past regulatory actions despite offering competitive trading conditions.

Regulation and Safety

EverFX is operated by ICC Intercertus Capital Ltd, previously regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 301/16. However, its CySEC license was renounced in 2021 following enforcement actions. Currently, EverFX operates offshore under various entities with limited regulatory oversight, including in the Cayman Islands and St. Vincent and the Grenadines. As of now, EverFX does not offer Tier 1 regulatory protection or access to compensation schemes such as FSCS or ICF.

Execution Model and Trading Platforms

EverFX uses a hybrid STP/NDD model with variable spreads and fast order execution. It supports MetaTrader 4 and MetaTrader 5 across desktop, web, and mobile platforms. No proprietary trading terminal is available. The broker does not openly advertise FIX API or VPS hosting, making it less attractive to algorithmic or institutional traders.

Markets and Instruments

EverFX provides access to over 130 instruments, including:

• Forex (major, minor, and exotic pairs)
• Commodities (gold, oil, natural gas)
• Indices (US, EU, and Asian benchmarks)
• Stocks (global equity CFDs)
• Cryptocurrencies (BTC, ETH, LTC, XRP)

Accounts, Spreads and Leverage

EverFX offers four main account types:

• Standard: Spreads from 1.5 pips, no commission
• Premium: Spreads from 1.2 pips, no commission
• VIP: Spreads from 0.8 pips, lower latency
• Elite: Raw spreads + commission, tailored services

Leverage is up to 1:500 depending on jurisdiction. The stop-out level is 50%, and the minimum deposit ranges from $250 (Standard) to $30,000 (Elite). Islamic swap-free accounts are available upon request.

Funding and Base Currencies

Clients can fund their accounts using the following methods:

• Bank wire transfer
• Visa/Mastercard
• Skrill, Neteller
• Crypto (BTC, ETH) depending on location

Accepted base currencies include USD, EUR, GBP, and BTC. Most deposits are processed instantly, while withdrawals may take up to 3 business days, subject to identity verification and account standing.

Client Protections and Features

Due to its offshore status, EverFX offers minimal legal protections. However, the broker claims to implement:

• Negative balance protection
• Segregated client funds
• SSL-secured login and 2FA (limited support)
• No compensation scheme or audit transparency

Institutional and Retail Offering

EverFX focuses primarily on retail traders. Institutional services such as FIX API, white-label solutions, and prime brokerage are not standard offerings. Retail traders benefit from:

• MT4 and MT5 trading environments
• Flexible leverage
• Multilingual support and education resources

Pros and Cons

Pros

• Supports both MT4 and MT5 platforms
• Access to multiple asset classes including crypto
• Flexible account types and leverage
• Multilingual customer support

Cons

• Lost CySEC license and now operates offshore
• No investor compensation scheme
• Limited transparency and regulatory oversight
• Institutional features like FIX API not available

Frequently Asked Questions

Is EverFX regulated?

No, EverFX currently operates under offshore entities after its CySEC license was renounced in 2021. It is not regulated by any Tier 1 authority.

What platforms does EverFX support?

EverFX supports MetaTrader 4 and MetaTrader 5 across desktop, web, and mobile devices.

What is the minimum deposit at EverFX?

The minimum deposit is $250 for Standard accounts and increases for higher-tier accounts like VIP and Elite.

Can I trade crypto with EverFX?

Yes, EverFX offers cryptocurrency CFDs including BTC, ETH, LTC, and XRP, subject to your jurisdiction.

Are Islamic accounts available?

Yes, EverFX provides swap-free Islamic account options upon request.