AB Forex
forexite
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Overview
AB Forex was founded in 2003 and is headquartered in STOCKHOLM, while forexite was established in 2010 and is based in Switzerland. AB Forex holds licences including Unregulated, while forexite is regulated by Financial Conduct Authority (FCA) among others. AB Forex serves 10,000+ clients worldwide; forexite has 10,000+. The minimum deposit is $100 at AB Forex and $250 at forexite.
| Feature | AB Forex | forexite |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F229 |
| Founded | 2003 | 2010 |
| Country | STOCKHOLM | Switzerland |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AB Forex and forexite, directly affecting your bottom line as a trader. AB Forex has a lower barrier to entry with a minimum deposit of $100 (vs $250 at forexite). Both brokers charge withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. AB Forex charges deposit fees; forexite does not. Overall, AB Forex scores higher on fees in our assessment.
| Feature | AB Forex | forexite |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
forexite supports social and copy trading features, which AB Forex does not offer. forexite edges ahead on platform breadth and functionality in our scoring.
| Feature | AB Forex | forexite |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | No | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | DealBook├é┬¼├âÔÇá 360 (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AB Forex and forexite compare. forexite runs regular live webinars; AB Forex does not. forexite has a video library; AB Forex does not. forexite publishes daily market commentary; AB Forex does not. forexite integrates third-party research tools (Trading Central); AB Forex does not. forexite maintains an archive of past webinars for on-demand viewing. forexite scores higher overall in education and research.
| Feature | AB Forex | forexite |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. forexite uniquely supports bank transfer and credit/debit card and PayPal and Skrill and Neteller among the two brokers. forexite scores higher on deposit and withdrawal flexibility.
| Feature | AB Forex | forexite |
|---|---|---|
| Bank Transfer | No | Yes |
| Credit Card | No | 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. forexite offers live chat; AB Forex does not, making forexite easier to reach in real time. forexite offers phone support; AB Forex does not. forexite offers email support; no email support was found for AB Forex. AB Forex supports 2 languages and forexite supports 8, giving forexite broader global reach. forexite scores higher overall on customer support in our assessment.
| Feature | AB Forex | forexite |
|---|---|---|
| Live Chat | No | Yes |
| Phone Support | No | Yes |
| Email Support | No | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |