Key terms, as Evercrest publishes them

• Challenge fee: $750 list, $450 after the 45% site code, on a $100,000 Instant Standard account; Instant Plus is $1,215 list.
• Account sizes: $5,000 to $400,000, capped at $400,000 total funding per trader.
• Profit split: 80% on every plan, with “no scaling tricks or reduced splits”.
• Profit target: none on instant accounts; 10% on One Step; 6%+6% on Two Step Core; 8%+5% on Two Step Plus.
• Maximum loss: 6% trailing the equity high-water mark on Instant Standard; 3% static on Instant Static; 5% trailing on Instant Plus; 6% or 10% off initial balance on two-step plans.
• Daily loss limit: 2% to 4% by plan, reset at 22:00 UTC.
• Payouts: every two weeks, minimum 1% profit to request, processed within 24 hours via Rise, crypto (capped at $3,000) or bank transfer.
• Minimum trading days: five on instant accounts, three on One Step and Two Step Plus, two on Two Step Core — each clearing 0.5% realised profit.

Rules pages written by a chatbot

Evercrest sells seven simulated-account products on MetaTrader 5 and TradeLocker. Its domain was registered on 28 October 2025 behind a Domains By Proxy shield and its oldest page dates to 15 December 2025, making the brand roughly ten months old. It publishes no payout ledger and no audit — but it does publish rules, in an Intercom help centre.

The Instant Funding Plus collection, covering a product costing up to $1,215, is not written in the voice of a prop firm. It reads as an AI assistant answering a prompt, and went live without anyone removing the sign-off. “Instant Funding Plus Payout Cap”, updated 30 August 2026, explains a 6% withdrawal cap and closes with this, verbatim:

“The one detail worth confirming in your specific account terms is whether that 6% is a per-cycle cap … or a per-payout-period cap tied to a calendar window — because that determines how often you can actually collect the full amount. Want me to map out what a month of repeated cycles looks like at a given account size?”

— Evercrest Funding help centre, credited on the page to “Evercrest Funding”

A rules page has offered to do further work for the reader, which no rules page does. More seriously, on how often a funded trader can collect that cap, the page tells the trader to confirm it elsewhere. Nor is it isolated — the companion withdrawals article says “The rule you described says: any time you pull your profit out, the account snaps back to that $100,000 starting line.”

The payout terms, and what is missing

Evercrest discloses more payout detail than many firms its age. Payouts run fortnightly, require at least 1% profit, and the help centre commits to processing “within 24 hours from the time of the trader requesting their pay out”. Identity checks run through Veriff and Riseworks, with a discretionary Zoom interview and the right to deny a reward “if the interview is deemed unsatisfactory”.

What is absent matters more. The 24-hour figure is a help-centre statement, not a guarantee, and clause 8.2 of the website terms reserves the right to “delay, refuse, or reverse payouts” on suspicion alone, with no stated time limit. Clause 7.2 then says that where the website terms and the Trader Agreement conflict, “the Trader Agreement controls” — and the Trader Agreement is not published. A buyer cannot read the document governing the product before paying, the gap found at Moneta Funded.

Independent evidence is thin. Trustpilot shows 4.1 across 49 reviews, all within twelve months, 66% five-star and 12% one-star. The telling figure is on its transparency page: Evercrest has flagged 19 of those reviews 21 times, 89% of them one-star, and twelve were removed. None were invitation-driven. The firm answers complaints publicly — on the largest, a trader claiming a $107,000 profit was rejected, it alleges falsified identity documents and an anti-detection browser. Beyond Trustpilot there is nothing: no Reddit thread reachable through any index, no coverage in LeapRate, Finance Magnates or ForexBrokerz, no Prop Firm Match listing, and no entry on any regulator’s warning list. The dozen YouTube reviews carry the firm’s own referral codes, and no payout total or named director exists beyond the firm’s own statements.

The directory layer that does cover Evercrest is not checking it. TheTrustedProp tells readers the firm holds “4.5 stars from 68 reviews” on Trustpilot; Trustpilot’s own page shows 4.1 from 49. The same listing prints a third company number for the firm, 100442089700003, alongside the two in its terms, and states “Registration number checks out” without showing what was checked. Its buy links carry the referral tag ref=554. Prop Firm Pal is the outlier that carries no referral link, and it files Evercrest under “Unverified”: “Prop Firm Pal only marks a prop firm as verified after an intensive verification process.”

The rules that fail traders

A full withdrawal breaches the account. On Instant Standard and One Step Standard the maximum loss trails the equity high-water mark and never resets. A trader on a $100,000 account who makes $10,000 and withdraws all of it “will receive their pay out but their drawdown will lock at $100,000. This will result in the account hitting max drawdown and being breached.” The same trap cost traders accounts at FundingRock.

“Evercrest Protector” can halve the split. Sold as a safeguard, it auto-closes positions when floating loss sits at −1% (instant) or −1.5% (one- and two-step). The first trigger permanently drops the split from 80% to 50%; the second is “a hard breach & a forfeit of your account” — in an article stating “This is NOT a risk rule” two paragraphs above.

News trading is permitted, then penalised. Trades within five minutes either side of a red-folder release are capped at 1% of initial balance in profit. Exceed it and the profits are removed and “the accounts profit split will be reduced to 50% for the remaining lifespan of that account” — a second route from 80% to 50%.

The trading-day minimum hides a profit hurdle. The pricing card says “Trading Days 5”; the help centre adds each day must post 0.5% realised profit to count — a $2,500 floor across five separate days on a $100,000 account, invisible before purchase. Clause 7.3 also lets the firm remove “any form of remuneration” where margin usage reaches 80%.

Where the documents disagree

• Refunds. Clause 6.1 declares “a strict no refund policy” and “All sales are final”. The help centre says a trader gets “a full refund of your account fee upon requesting the fourth payout”.
• Restricted countries. The footer bars fifteen jurisdictions including Ukraine, Belarus, Venezuela and Yemen. The help centre bars fourteen — adding Cuba, Ghana, Jordan, Senegal and Vietnam, omitting all four above.
• US access and the split. The footer names MT5 as the only platform and bars US residents; the help centre says TradeLocker is “available for all traders including USA traders”. Pricing cards say 80%; the blog subdomain advertises “keep up to 90% of profits”.
• Price. The One Step Standard help-centre article lists $10k at $97, $25k at $179, $50k at $279 and $200k at $997; the live pricing page lists $64, $159, $249 and $899 before discount. Only the $100k figure of $479 matches.
• What launch promised. The earliest Wayback capture, 7 January 2026, advertised “Up to 100% Profit Split” and “Get paid within 24 hours with no hidden fees”. The live site sells 80% on a fortnightly cycle.

How the terms compare

$100,000 instant account	Evercrest Instant Standard	Blue Guardian Instant	FTMO 1-Step
Max daily loss	$3,000, off the prior day’s high	$3,000, from the day’s start	$3,000, reset 00:00 CE(S)T
Max overall loss	$6,000, trailing the equity high-water mark	$6,000, trailing the highest balance	$10,000, end-of-day trailing on balance
Profit split	80% flat	Up to 90%	Up to 90%
Best-day limit	20% of period profit blocks the payout	Not listed on the plan card	50% of positive days’ profit
Fee refund	4th payout per the help centre; never per clause 6.1	Separate policy	100% with first withdrawal

Sources: Blue Guardian and FTMO’s Trading Objectives and How It Works, retrieved 5 September 2026. Evercrest matches its peers on risk and trails on split and fee refund. TIS examined Blue Guardian’s payout gate in July, consistency at Equity Edge and payout forfeiture at Velotrade.

Regulatory posture and corporate structure

Evercrest is not regulated as a financial services firm anywhere and does not claim to be. Accounts are explicitly simulated — the sector norm, but it means no client-money protection or compensation scheme. Saint Lucia incorporation is not authorisation, and the island’s regulator says so in terms. Its warning notice of 8 January 2026, signed by executive director (acting) Hubert Deligny, states:

“Further, please be advised that forex business is not licensed in Saint Lucia. Therefore, documents provided by a forex business company which indicate that it is registered, licensed or in any way affiliated with the Authority are false and misleading.”

— Financial Services Regulatory Authority, Saint Lucia

Evercrest is not among the sixteen entities named in that notice, and claims no licence. The point is narrower. The FSRA’s registers cover insurance, pensions, credit unions, international banks, mutual funds, money services, registered agents and virtual assets — there is no prop-trading or securities-dealer category, and the FSRA does not run the company register in any case. The number in the footer is a company registration, not a permission to do anything, and it cannot be independently verified in any public source.

The operating entity is Evercrest Funding Limited, at The Sotheby Building, Rodney Bay, Gros-Islet. Its registration number is given as 2025-00879 in the site disclaimer and as 2025-0087 in the company block directly below — the two do not match. Evercrest Educational Services – FZCO, UAE company number 62277 in Dubai Silicon Oasis, is described as “operating as a payment agent”, with settlement by Odeonpay ALE S.R.L. trading as Paysagi — a Romanian company, CUI 43293516, whose registered activity code covers data processing rather than payment services, and which states that “regulated payment processing is provided by authorised payment partners”. Clause 9 then names a third company, “Educational Funding Limited”, as “the Supplier” — a name appearing nowhere else. Disputes fall under UAE law and “the exclusive jurisdiction of the Dubai Courts”.

The Sotheby Building is a company-formation address, not an office, and it is shared: Blue Guardian Limited publishes the same building. That indicates a common incorporation agent, not common ownership — domains, entities, registration numbers and products are all distinct. TIS covered the same Rodney Bay pattern at FundedX.

Frequently asked questions

Does Evercrest Funding refund the challenge fee?
The documents disagree. The website terms declare a strict no-refund policy and say all sales are final; the help centre says the fee is refunded in full on the fourth payout request. Clause 7.2 gives precedence to the unpublished Trader Agreement, so neither is decisive. Get support to confirm in writing before paying.

How fast are Evercrest Funding payouts?
The help centre says withdrawals are processed within 24 hours of the request, on a two-week cycle, with at least 1% profit needed to request one. Payment runs through Rise, crypto up to $3,000, or bank transfer. No payout volume or verification of that figure is published.

Can I withdraw all my profit?
You can, but on Instant Standard and One Step Standard it ends the account. Because the maximum loss trails the equity high-water mark and does not reset after a payout, taking 100% of profit locks the drawdown floor at the starting balance and breaches it. The firm’s own example confirms the trader keeps the payout and loses the account.

Is Evercrest Funding regulated?
No. Neither Evercrest Funding Limited nor Evercrest Educational Services – FZCO holds a financial services licence, and the firm claims none. Saint Lucia’s regulator states that forex business is not licensed on the island at all, so the incorporation number in the footer is a company registration and nothing more. All accounts are simulated, and disputes fall under UAE law.

This review is independent editorial analysis and is not financial, investment, or trading advice, and is not an endorsement or solicitation. The Industry Spread has no affiliate or referral relationship with the firms covered. Proprietary trading challenges carry a fee that is generally non-refundable, most participants do not reach a funded account, and funded capital is the firm’s capital, not the trader’s. Terms change frequently — always verify current rules directly with the firm before paying any fee.