EverFX
Forex.com
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Overview
EverFX was founded in 2008 and is headquartered in Cayman Islands, while Forex.com was established in 2001 and is based in United States. EverFX holds licences including Cayman Islands Monetary Authority (CIMA), while Forex.com is regulated by Financial Conduct Authority (FCA) among others. EverFX serves 10,000+ clients worldwide; Forex.com has 150,000+. The minimum deposit is $10000 at EverFX and Typical at Forex.com.
| Feature | EverFX | Forex.com |
|---|---|---|
| Min. Deposit | $10000 | Typical |
| Regulation | Cayman Islands Monetary Authority (CIMA) | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) |
| Founded | 2008 | 2001 |
| Country | Cayman Islands | United States |
| Clients | 10,000+ | 150,000+ |
Fees
Fees are a critical factor when choosing between EverFX and Forex.com, directly affecting your bottom line as a trader. EverFX has a lower barrier to entry with a minimum deposit of $10000 (vs Typical at Forex.com). Forex.com charges withdrawal fees while EverFX does not, giving EverFX an edge for frequent withdrawers. Forex.com applies inactivity fees on dormant accounts; EverFX does not. EverFX charges deposit fees; Forex.com does not. The two brokers are broadly comparable on fee structure.
| Feature | EverFX | Forex.com |
|---|---|---|
| Min. Deposit | $10000 | Typical |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
EverFX offers MT4, MT5, cTrader, while Forex.com supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | EverFX | Forex.com |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,iOS,MacBook,iPhone | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how EverFX and Forex.com compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | EverFX | Forex.com |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. EverFX accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Forex.com supports 3 (bank transfer, credit/debit card, PayPal). Forex.com uniquely supports PayPal among the two brokers. Forex.com scores higher on deposit and withdrawal flexibility.
| Feature | EverFX | Forex.com |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both EverFX and Forex.com offer live chat support. Both provide phone support. Email support is available at both brokers. EverFX supports 2 languages and Forex.com supports 3, giving Forex.com broader global reach. Both brokers are comparable on support quality.
| Feature | EverFX | Forex.com |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Chinese, Arabic |