EverFX
Robinhood
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Overview
EverFX was founded in 2008 and is headquartered in Cayman Islands, while Robinhood was established in 2013 and is based in USA. EverFX holds licences including Cayman Islands Monetary Authority (CIMA), while Robinhood is regulated by Financial Conduct Authority (FCA) among others. EverFX serves 10,000+ clients worldwide; Robinhood has 10,000,000+. The minimum deposit is $10000 at EverFX and $0 at Robinhood.
| Feature | EverFX | Robinhood |
|---|---|---|
| Min. Deposit | $10000 | $0 |
| Regulation | Cayman Islands Monetary Authority (CIMA) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Founded | 2008 | 2013 |
| Country | Cayman Islands | USA |
| Clients | 10,000+ | 10,000,000+ |
Fees
Fees are a critical factor when choosing between EverFX and Robinhood, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $10000 at EverFX). Neither broker charges withdrawal fees. EverFX charges deposit fees; Robinhood does not. Overall, Robinhood scores higher on fees in our assessment.
| Feature | EverFX | Robinhood |
|---|---|---|
| Min. Deposit | $10000 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
EverFX offers MT4, MT5, cTrader, while Robinhood supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. EverFX edges ahead on platform breadth and functionality in our scoring.
| Feature | EverFX | Robinhood |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,iOS,MacBook,iPhone | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how EverFX and Robinhood 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. Robinhood scores higher overall in education and research.
| Feature | EverFX | Robinhood |
|---|---|---|
| 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 Robinhood supports 1 (bank transfer). EverFX uniquely supports credit/debit card among the two brokers. EverFX scores higher on deposit and withdrawal flexibility.
| Feature | EverFX | Robinhood |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| PayPal | No | No |
| 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 Robinhood offer live chat support. EverFX offers phone support; Robinhood does not. Email support is available at both brokers. EverFX supports 2 languages and Robinhood supports 13, giving Robinhood broader global reach. EverFX scores higher overall on customer support in our assessment.
| Feature | EverFX | Robinhood |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |