EverFX
HYCM
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Overview
EverFX was founded in 2008 and is headquartered in Cayman Islands, while HYCM was established in 1977 and is based in UK. EverFX holds licences including Cayman Islands Monetary Authority (CIMA), while HYCM is regulated by Financial Conduct Authority (FCA) among others. EverFX serves 10,000+ clients worldwide; HYCM has 10,000+. The minimum deposit is $10000 at EverFX and $100 at HYCM.
| Feature | EverFX | HYCM |
|---|---|---|
| Min. Deposit | $10000 | $100 |
| Regulation | Cayman Islands Monetary Authority (CIMA) | Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048 |
| Founded | 2008 | 1977 |
| Country | Cayman Islands | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between EverFX and HYCM, directly affecting your bottom line as a trader. HYCM has a lower barrier to entry with a minimum deposit of $100 (vs $10000 at EverFX). HYCM charges withdrawal fees while EverFX does not, giving EverFX an edge for frequent withdrawers. HYCM applies inactivity fees on dormant accounts; EverFX does not. EverFX charges deposit fees; HYCM does not. Overall, HYCM scores higher on fees in our assessment.
| Feature | EverFX | HYCM |
|---|---|---|
| Min. Deposit | $10000 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
EverFX offers MT4, MT5, cTrader, while HYCM 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 | HYCM |
|---|---|---|
| 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, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how EverFX and HYCM 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. HYCM scores higher overall in education and research.
| Feature | EverFX | HYCM |
|---|---|---|
| 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 HYCM supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). HYCM uniquely supports PayPal and Skrill and Neteller among the two brokers. HYCM scores higher on deposit and withdrawal flexibility.
| Feature | EverFX | HYCM |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| 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 HYCM offer live chat support. Both provide phone support. Email support is available at both brokers. EverFX supports 2 languages and HYCM supports 5, giving HYCM broader global reach. Both brokers are comparable on support quality.
| Feature | EverFX | HYCM |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Chinese, Chinese (Traditional), Arabic, and Russian |