Abstract A simple and accurate method based on degenerate four-wave mixing (FWM) to evaluate optical fiber dispersion and nonlinearity is presented. We investigated the continuous wave degenerate FWM characteristics of two photonic crystal fibers (PCFs) and a SMF28 fiber. Simply by measuring and analyzing the continuous wave degenerate FWM conversion efficiency as a function of the wavelength difference between pump and signal waves, fitting between experimental data and analytical FWM conversion efficiency expression is carried out to determine the dispersion, dispersion slope and nonlinear coefficient of the fiber. The fiber parameters simultaneously obtained from a single set of FWM measurement for Single Mode Fiber 28 (SMF28) are found to be agreement with the manufacturer specifications for this fiber, thus validating the PCF results and, more generally, the acceptable accuracy of the simple method proposed here.