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Short answer: The available evidence does not establish that the genuine historical EVFX-named company was a scam. The FCA warned that “Evefx” at evefx.net was an unauthorised clone impersonating an authorised firm; the company once named Electronic and Voice Foreign Exchange Limited is now listed by Companies House as Ultima Markets UK Limited. That history does not prove that any current website using EVFX-like branding is genuine, so verify the exact firm, domain, contact details, and permissions before sending money.
The FCA warning page identifies Ultima Markets UK Limited as the firm associated with FRN 470325, while Companies House records the former company name. The current permission scope and operation of any particular EVFX-branded website are not established by those records alone.
What is EVFX?
EVFX has been used as a name associated with a foreign-exchange brokerage business and a former legal company name. Companies House lists company number 06249714 as ULTIMA MARKETS UK LIMITED; its former names include ELECTRONIC AND VOICE FOREIGN EXCHANGE LIMITED. A brand or former company name is not proof that a current site, representative, or trading portal belongs to that firm.
There is a documented impersonation case. The FCA warned that Evefx at evefx.net was unauthorised and pretending to represent an authorised firm. Its warning identifies Ultima Markets UK Limited as the firm associated with FRN 470325 and says it has no connection with the clone. An archived version of the warning identified Electronic and Voice Foreign Exchange Limited as the firm being impersonated at that time. These are details from different dates, not proof that the clone and genuine firm were the same business.
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Before assessing an offer, identify all four of these details:
- The exact website domain you were given.
- The company name and company number shown in the account agreement or payment instructions.
- The regulator, authorization number, and permitted activities claimed by the firm.
- The bank, card processor, cryptocurrency wallet, or payment company receiving your money.
If those details do not match the regulator’s current record and the firm’s official disclosures, do not transfer funds.
Is EVFX regulated?
The FCA’s warning about Evefx at evefx.net concerns an unauthorised clone; it is not evidence that the genuine firm it impersonated was a scam. The FCA warning page currently identifies Ultima Markets UK Limited as the firm associated with FRN 470325. However, the current permission scope and whether a particular website is operated by that firm must be checked directly on the live FCA Financial Services Register.
Search the legal entity and confirm the current status, permitted activities, registered domain, phone number, and email. A matching firm name or reference number alone is not enough. The Register’s record should correspond to the service and website you are using.
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Also check the FCA’s warning information for the exact firm or domain. The FCA warning page for Evefx was first published in 2018 and updated in 2020; treat its historical identity details as a chronology, not as a live confirmation of current permissions.
For a company claiming to be incorporated in the UK, search Companies House. It records company 06249714 as Ultima Markets UK Limited and lists Electronic and Voice Foreign Exchange Limited as a former name. Companies House records corporate filings; it does not authorize forex dealing or prove that customer funds are safe.
What authorization and company records do—and do not—prove
A company-name history establishes an identity link in corporate records, not that a particular website is genuine. An FCA listing can show that a named firm has particular permissions, but it does not prove that every person using its name is genuine, that a given domain belongs to it, or that trades will be profitable. Confirm the live Register record and its permitted activities before relying on an authorization claim.
Authorization does not eliminate trading risk. Forex and CFDs can produce losses through leverage, spreads, slippage, and forced liquidation. Protections depend on the customer’s jurisdiction, contracting entity, account type, and product.
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1Clear out junk files and repair common Windows errors2Scan for outdated or missing drivers - takes under a minute3Repair Windows errors before they cause bigger problemsDo not treat historical EVFX product descriptions or third-party broker profiles as current terms. The sources reviewed do not establish current official fees, spreads, leverage, minimum deposit, instruments, platform, payment methods, or account availability. Check current official disclosures for any firm you are considering.
How to compare an EVFX offer
| What to compare | What to verify |
|---|---|
| Legal identity | Exact legal name and company number in the agreement and official records. |
| Regulation | Live regulator status and permissions for the service being offered. |
| Website and contacts | Exact domain, phone, and email against the regulator’s record; do not assume similar branding means affiliation. |
| Trading terms | Current official fees, spreads, leverage, products, and other account disclosures; do not rely on historic third-party profiles. |
| Customer protections | Complaint and compensation routes that apply to the specific entity and customer. |
Warning signs to check before depositing
| Warning sign | Why it matters |
|---|---|
| Guaranteed or unusually consistent returns | They are not proof of a legitimate offer and are inconsistent with the risks of leveraged trading. |
| Pressure to deposit immediately | Urgency can prevent independent checks of the firm and offer. |
| Contact only through WhatsApp, Telegram, or social media | These channels make impersonation and disappearing accounts easier. |
| Remote-access software such as AnyDesk or TeamViewer | A stranger may gain access to your banking, email, or trading accounts. |
| Payment to a personal account or unrelated company | The recipient may not be the firm named in the agreement. |
| Crypto-only deposits | Cryptocurrency transfers can be difficult or impossible to reverse. |
| A fee, tax, insurance payment, or “security deposit” before withdrawal | This is a serious advance-fee warning sign. |
| Profits visible in a dashboard but no successful withdrawal | A displayed balance does not prove that funds exist or trades occurred. |
Withdrawal demands are an important warning sign
Know-your-customer checks can be normal. A broker may request identity and address documents, investigate unusual transactions, or return funds to the original payment method. Those procedures should be described in the account terms and should not require an unrelated payment to unlock a withdrawal.
Be especially cautious if someone claiming to represent EVFX says you must:
- pay income tax or capital-gains tax to the broker before withdrawal;
- deposit more money to reach VIP status or satisfy a margin ratio;
- pay a percentage of your profits in advance;
- send funds to an external wallet for verification;
- pay an insurance, anti-money-laundering, clearance, or security fee; or
- borrow money to complete a final withdrawal step.
Do not pay a second amount merely because the first payment did not unlock a withdrawal. Repeated new payment demands are consistent with an advance-fee fraud pattern.
How to verify an EVFX offer safely
- Copy the domain exactly. Do not use a search-ad link or a link supplied by a salesperson.
- Find the legal entity. Read the footer, client agreement, and payment page. Record the full company name and number.
- Search the regulator’s register manually. Confirm the live status, relevant permissions, exact website, and contact details.
- Check the warning and identity history. The FCA warned about Evefx at evefx.net as a clone. Do not treat the warning as proof that the genuine firm was fraudulent or as evidence that another domain is genuine.
- Contact the firm using independently verified details. Do not rely on a salesperson’s number or a link they supplied.
- Check the payment recipient. The account name should make sense for the contracting entity. A mismatch is a serious stop signal.
- Review current official terms. Do not rely on historic broker profiles for current fees, products, or account availability.
- Keep evidence. Save chats, emails, invoices, wallet addresses, bank details, screenshots, and transaction IDs.
If you have already sent money
Stop communicating with anyone demanding another payment. Contact your bank or card issuer promptly using a trusted number and ask whether a transfer recall, card chargeback, or fraud review is possible. If you paid by cryptocurrency, contact the exchange or wallet provider immediately with the transaction hash and receiving address.
In the UK, report suspected losses to Report Fraud and then to the FCA. The FCA says it cannot recover money for victims. Outside the UK, contact local police and your home-state regulator. Preserve all evidence. Be skeptical of recovery agents who promise to retrieve funds for an upfront fee.
Change passwords, enable multifactor authentication, remove remote-access software, and check your email and banking accounts for unauthorized changes.
Final assessment of EVFX
| Question | Assessment |
|---|---|
| Does the EVFX name prove a current offer is genuine? | No. A name or former company name does not authenticate a particular website or representative. |
| What did the FCA warn about? | An unauthorised Evefx clone at evefx.net that impersonated an authorised firm. |
| What is the company-name link? | Companies House lists Electronic and Voice Foreign Exchange Limited as a former name of company 06249714, now Ultima Markets UK Limited. |
| Does that prove current permissions or services? | No. Check the live FCA Register and current official disclosures. |
| Is the genuine historical EVFX-named company proven to be a scam? | No. The available evidence does not justify that conclusion. |
| Should you deposit without matching the exact firm, domain, and permissions? | No. Verify them independently first. |
FAQ
Is EVFX a scam or legit?
The available evidence does not establish that the genuine historical EVFX-named company was a scam. The FCA did warn that Evefx at evefx.net was an unauthorised clone impersonating an authorised firm. Check the exact website and legal entity before deciding whether a current offer is genuine.
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The FCA warning page identifies Ultima Markets UK Limited as the firm associated with FRN 470325, and Companies House records Electronic and Voice Foreign Exchange Limited as a former name of that company. The current permission scope and a particular website’s connection to the firm must be verified on the live FCA Register.
Is evefx.net the real EVFX website?
The FCA warned that Evefx at evefx.net was an unauthorised clone and said it was not connected with the firm it impersonated. Do not send money to that site based on a claim of affiliation.
Is EVFX the same as Ultima Markets?
Companies House lists Electronic and Voice Foreign Exchange Limited as a former name of company 06249714, now Ultima Markets UK Limited. That corporate-name history does not by itself prove that a particular website or person using EVFX branding is connected to the company.
Why is someone claiming to represent EVFX asking me to pay before withdrawing?
A demand for a tax, insurance charge, security deposit, clearance fee, or additional deposit before releasing funds is a major warning sign. Do not send more money; contact your bank or card issuer and report the suspected fraud.
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There is no guaranteed recovery route. Contact your bank, card issuer, or cryptocurrency exchange promptly, preserve evidence, and report the case to the appropriate authorities. The FCA says it cannot recover money for victims.
The Bottom Line
Bottom line: The evidence points to an identity and impersonation issue, not proof that the genuine historical EVFX-named company was a scam. The FCA warned about the unauthorised Evefx clone at evefx.net, while Companies House records the former EVFX-related company name under Ultima Markets UK Limited. Verify the current FCA record, exact domain, contact details, and terms before depositing; stop if anyone demands another payment to release funds.
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