EverFX
IC Markets
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Overview
EverFX was founded in 2008 and is headquartered in Cayman Islands, while IC Markets was established in 2007 and is based in Australia. EverFX holds licences including Cayman Islands Monetary Authority (CIMA), while IC Markets is regulated by Australian Securities and Investment Commission (ASIC) among others. EverFX serves 10,000+ clients worldwide; IC Markets has 60,000+. The minimum deposit is $10000 at EverFX and $200 at IC Markets.
| Feature | EverFX | IC Markets |
|---|---|---|
| Min. Deposit | $10000 | $200 |
| Regulation | Cayman Islands Monetary Authority (CIMA) | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2007 |
| Country | Cayman Islands | Australia |
| Clients | 10,000+ | 60,000+ |
Fees
Fees are a critical factor when choosing between EverFX and IC Markets, directly affecting your bottom line as a trader. EverFX has a lower barrier to entry with a minimum deposit of $10000 (vs $200 at IC Markets). Neither broker charges withdrawal fees. EverFX charges deposit fees; IC Markets does not. Overall, IC Markets scores higher on fees in our assessment.
| Feature | EverFX | IC Markets |
|---|---|---|
| Min. Deposit | $10000 | $200 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
EverFX offers MT4, MT5, cTrader, while IC Markets 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 | IC Markets |
|---|---|---|
| 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, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how EverFX and IC Markets 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. IC Markets scores higher overall in education and research.
| Feature | EverFX | IC Markets |
|---|---|---|
| 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 IC Markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). IC Markets uniquely supports PayPal and Skrill and Neteller among the two brokers. IC Markets scores higher on deposit and withdrawal flexibility.
| Feature | EverFX | IC Markets |
|---|---|---|
| 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 IC Markets offer live chat support. Both provide phone support. Email support is available at both brokers. EverFX supports 2 languages and IC Markets supports 8, giving IC Markets broader global reach. Both brokers are comparable on support quality.
| Feature | EverFX | IC Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more |