EverFX
Fortrade
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
EverFX was founded in 2008 and is headquartered in Cayman Islands, while Fortrade was established in 1992 and is based in UK. EverFX holds licences including Cayman Islands Monetary Authority (CIMA), while Fortrade is regulated by Financial Conduct Authority (FCA) FRN: 609970 among others. EverFX serves 10,000+ clients worldwide; Fortrade has 10,000+. The minimum deposit is $10000 at EverFX and $1 at Fortrade.
| Feature | EverFX | Fortrade |
|---|---|---|
| Min. Deposit | $10000 | $1 |
| Regulation | Cayman Islands Monetary Authority (CIMA) | Financial Conduct Authority (FCA) FRN: 609970, National Bank of the Republic of Belarus (NBRB) FRN: 193075810, Australian Securities and Investments Commission (ASIC) ABN: 33 614 683 831 | AFSL: 493520, Canadian Investor Protection Fund (CIPF) CRN: BC1148613, Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20 |
| Founded | 2008 | 1992 |
| Country | Cayman Islands | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between EverFX and Fortrade, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $10000 at EverFX). Neither broker charges withdrawal fees. EverFX charges deposit fees; Fortrade does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | EverFX | Fortrade |
|---|---|---|
| Min. Deposit | $10000 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
EverFX offers MT4, MT5, cTrader, while Fortrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. EverFX supports social and copy trading features, which Fortrade does not offer. The two brokers are closely matched on platform offering.
| Feature | EverFX | Fortrade |
|---|---|---|
| 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, Binary, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how EverFX and Fortrade compare. EverFX runs regular live webinars; Fortrade does not. EverFX has a video library; Fortrade does not. EverFX publishes daily market commentary; Fortrade does not. EverFX integrates third-party research tools (Trading Central); Fortrade does not. EverFX maintains an archive of past webinars for on-demand viewing. EverFX scores higher overall in education and research.
| Feature | EverFX | Fortrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| 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 Fortrade supports 4 (bank transfer, credit/debit card, PayPal, Neteller). Fortrade uniquely supports PayPal and Neteller among the two brokers. Fortrade scores higher on deposit and withdrawal flexibility.
| Feature | EverFX | Fortrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | No |
| 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 Fortrade offer live chat support. Both provide phone support. Email support is available at both brokers. EverFX supports 2 languages and Fortrade supports 1, giving EverFX broader global reach. Both brokers are comparable on support quality.
| Feature | EverFX | Fortrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |