EverFX
SpreadCo
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Overview
EverFX was founded in 2008 and is headquartered in Cayman Islands, while SpreadCo was established in 2005 and is based in London. EverFX holds licences including Cayman Islands Monetary Authority (CIMA), while SpreadCo is regulated by Financial Conduct Authority (FCA) among others. EverFX serves 10,000+ clients worldwide; SpreadCo has 10,000+. The minimum deposit is $10000 at EverFX and $100 at SpreadCo.
| Feature | EverFX | SpreadCo |
|---|---|---|
| Min. Deposit | $10000 | $100 |
| Regulation | Cayman Islands Monetary Authority (CIMA) | Financial Conduct Authority (FCA) |
| Founded | 2008 | 2005 |
| Country | Cayman Islands | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between EverFX and SpreadCo, directly affecting your bottom line as a trader. SpreadCo has a lower barrier to entry with a minimum deposit of $100 (vs $10000 at EverFX). SpreadCo charges withdrawal fees while EverFX does not, giving EverFX an edge for frequent withdrawers. EverFX charges deposit fees; SpreadCo does not. Overall, SpreadCo scores higher on fees in our assessment.
| Feature | EverFX | SpreadCo |
|---|---|---|
| Min. Deposit | $10000 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
EverFX offers MT4, MT5, cTrader, while SpreadCo 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 | SpreadCo |
|---|---|---|
| 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 | 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 SpreadCo compare. EverFX runs regular live webinars; SpreadCo does not. Both provide video tutorials. EverFX publishes daily market commentary; SpreadCo does not. Both integrate third-party research tools. EverFX maintains an archive of past webinars for on-demand viewing. EverFX scores higher overall in education and research.
| Feature | EverFX | SpreadCo |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| 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 SpreadCo supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | EverFX | SpreadCo |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| 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 SpreadCo offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | EverFX | SpreadCo |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |