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EverFX Review briefly


EverFX is an international online broker, providing access to over 130 instruments for online trading for both retail and institutional investors. EverFX is a brand name of ICC Intercertus Capital Ltd, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). Customers can trade currency pairs, indices, commodities, cryptocurrencies, and shares through two of the world’s most popular trading terminals – MetaTrader 4 (MT4) and MetaTrader 5 (MT5) with floating spreads. You can open a live account with as low as USD250.




It is particularly important for you to know whether and where the company is regulated. ICC Intercertus Capital Ltd. is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 301/16; ICC Intercertus Capital (Cayman) Limited is authorized and regulated by the Cayman Islands Monetary Authority (CIMA) under license number 1444866; In addition, Fiscus Capital Seychelles Limited is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD036. Two of the regulations are not from European authorities, so be careful which company you work with. The Company is a member of the Investors Compensation Fund (ICF) and clients may be entitled to compensation from the ICF if the company is unable to meet its obligations.


Account Types


When you decide to deal with a company regulated by the CySEC, you can choose from three types of live trading accounts. They differ mainly in the spread and initial deposit amount required.

Standard account – The minimum deposit amount is USD250 and the minimum spread for the EUR/USD pair is 1.2 pips. Trading is commission free.

Premium account – It requires at least USD5,000 to open and the spreads for major currency pairs starts from 0.8 pips. Trading is commission free.

VIP account – You must invest at least USD30,000 to open this type of account. The spreads are close to zero at the expense of the commission of USD2 per lot traded.

The offshore types of accounts are:


What Type of Broker the Company Is


We have found in the Order Execution Policy document that the company is always the counterparty (or principal) to every trade. The Company acts as principal and not as agent on the client’s behalf; therefore, the company is the sole execution venue for the execution of the client’s orders for the financial Instruments provided by the company. The client agrees that ICC Intercertus Capital Ltd. is the sole counterparty and therefore when the company executes a transaction for (or with) the client it may be engaging in a similar trading for (or with) other clients, company’s affiliated companies, or for own account, subject to the provisions of applicable regulation. All this means that ICC Intercertus Capital Ltd. acts as a market maker and the main conflict of interest exists. When the company executes orders, it keeps the risk to itself. Every loss for customers is a profit for the company.

It is also written that at the time that an order is presented for execution, the specific price requested by the client may not be available; therefore, the order will be executed close to or a number of pips away from the client’s requested price – a phenomenon known as slippage. The company informs that this is a normal market practice during the period of low liquidity or high volatility. The orders will be executed at the next available market price.

The Client Agreement warns that because of market gapping, the best available price that may be achieved could be materially different to the price set on the stop loss order and as such, stop loss orders are not guaranteed to take effect at the price for which they are set.

In addition, the same document shows that all the retail clients are covered by the Negative Balance Protection. This means that a client can never lose more than the total sum invested for trading CFDs. There can be no residual loss or obligation to provide additional funds beyond those in the client’s CFD trading account.




In addition to the usual fees such as spread, rollover, etc., there are some other fees. If you submit a request to transfer funds internally between your accounts of different currencies, you will be charged 0.5%, the company warns.

If there is no trading activity in your account for more than six months, it has become inactive and may be charged a fixed administration fee of EUR20 yearly until the client’s account has available funds. If the client account does not have the necessary funds for the maintenance fee and has remained inactive for a period of 3 months, the company may charge a lower amount to cover maintenance expenses and close the account unilaterally.

The company also charges a rollover fee. Customers who have an open position on the expiration date will be debited or credited with a rollover fee and will be charged an additional 20% contract transfer fee. The company recommends that customers close their positions before the transfer date.


Deposits and Withdrawals


Deposits can be made by bank transfer, credit/debit cards or by e-wallets such as Neteller and Skrill. The minimum deposit is USD250 and there are no fees on deposits.

Withdrawals to credit/debit cards and e-wallets are subject to fees. Additionally, there might be a fee charged by the intermediary banks. Once your withdrawal request is approved by the company, your withdrawal request will be processed and sent to the same bank, credit card or other source for execution. Withdrawals are processed within 1-2 business days.


Trading Platforms


You can trade via two of the most popular terminals in the industry – MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

MT4 offers a unique combination of accessibility and advanced features. Professional charts, many drawing objects and a set of asset classes are available at the same time. You can use a variety of custom indicators, including these developed by the company. MT4 also offers a comprehensive suite of tools for technical analysis. It is fully customizable and allows you to import third-party tools or write your own ones.

MT5 is the newer version and successor to MT4. It is a modern and powerful trading platform that offers more execution options, order types, indicators, and graphical objects. You can use built-in plug-ins created to speed up the ways of trading. An economic calendar is built in and you can see the market in depth (Level II quotes). You can also create your own trading robots, charting objects, and technical indicators.

The company has developed its own web-based trading terminal called Web Trader – Status. EverFX claims it is a platform for the next generation of traders. The terminal is created to be intuitive – having in mind the idea that the platform should be easy enough for everyone. Various technical indicators and drawing objects are available by default. 




EverFX offers four asset groups for trading:

Forex – More than 50 popular major, minor, and exotic currency pairs can be traded. The typical spread for the EUR/USD pair depends on the account and can be as low as 0.2 pips.

Indices – You can trade 17 of the most popular major and minor indices globally, such as DJIA, FTSE100, DAX30 etc.

Commodities – 7 precious metals, and 3 energy products are available for trading such as Gold, Silver, Platinum, Oil, Natural Gas, etc.

Shares – EverFX offers more than 50 CFDs on shares of major companies form USA, Germany, and France, such as Apple, Tesla, Amazon, Bayer, etc. There is a commission of USD5 for each lot traded (100 shares).




EverFX is regulated by three bodies worldwide, including CySEC. The CySEC regulation allows it to provide financial services across European Union. ICC Intercertus Capital Ltd – the company that stands behind EverFX in Europe is a market maker and the main conflict of interest exists. The company provides a wide range of trading instruments via two of the most popular trading terminals – MT4 and MT5. Additionally, you can trade through its own terminal called Status. There are three types of live accounts and you can start trading with as low as USD250.

One comment

  1. its all a scam, i traded with different brokers, most of them disappear when I make withdrawal request, some of them will try to convince you not to withdraw and instead invest more while others will actually allow you withdraw a little amount so they can build your trust and after that they begin to make large requests. i lost a lot to these fraudulent brokers, i was depressed for months until i was recommended to a Binary options trade funds recovery expert Mr David Miller when i met them i didn’t believe they could get back my money because i have been scammed a lot already and didn’t know what to believe, but my gut feeling told me to give it a try and i did, feel free to contact them via their email address: [email protected], and they will help you to claim back your lost investment from your scam broker, i was obligated to recommend them for the good service which they offered to help my issue with my broker.

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