EverFX
ForexMart
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Overview
EverFX was founded in 2008 and is headquartered in Cayman Islands, while ForexMart was established in 2015 and is based in Cyprus. EverFX holds licences including Cayman Islands Monetary Authority (CIMA), while ForexMart is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. EverFX serves 10,000+ clients worldwide; ForexMart has 10,000+. The minimum deposit is $10000 at EverFX and $1 at ForexMart.
| Feature | EverFX | ForexMart |
|---|---|---|
| Min. Deposit | $10000 | $1 |
| Regulation | Cayman Islands Monetary Authority (CIMA) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2015 |
| Country | Cayman Islands | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between EverFX and ForexMart, directly affecting your bottom line as a trader. ForexMart has a lower barrier to entry with a minimum deposit of $1 (vs $10000 at EverFX). ForexMart charges withdrawal fees while EverFX does not, giving EverFX an edge for frequent withdrawers. EverFX charges deposit fees; ForexMart does not. Overall, ForexMart scores higher on fees in our assessment.
| Feature | EverFX | ForexMart |
|---|---|---|
| Min. Deposit | $10000 | $1 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
EverFX offers MT4, MT5, cTrader, while ForexMart 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 | ForexMart |
|---|---|---|
| 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, WEB, desktop |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how EverFX and ForexMart 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. ForexMart scores higher overall in education and research.
| Feature | EverFX | ForexMart |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
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 ForexMart supports 4 (bank transfer, credit/debit card, Skrill, Neteller). ForexMart uniquely supports Skrill and Neteller among the two brokers. ForexMart scores higher on deposit and withdrawal flexibility.
| Feature | EverFX | ForexMart |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both EverFX and ForexMart offer live chat support. Both provide phone support. Email support is available at both brokers. EverFX supports 2 languages and ForexMart supports 15, giving ForexMart broader global reach. Both brokers are comparable on support quality.
| Feature | EverFX | ForexMart |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |