AB Forex
scotia itrade
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Overview
AB Forex was founded in 2003 and is headquartered in STOCKHOLM, while scotia itrade was established in 2012 and is based in UK. AB Forex holds licences including Unregulated, while scotia itrade is regulated by Financial Conduct Authority (FCA) among others. AB Forex serves 10,000+ clients worldwide; scotia itrade has 10,000+. The minimum deposit is $100 at AB Forex and $250 at scotia itrade.
| Feature | AB Forex | scotia itrade |
|---|---|---|
| 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-F303 |
| Founded | 2003 | 2012 |
| Country | STOCKHOLM | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AB Forex and scotia itrade, 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 scotia itrade). AB Forex charges withdrawal fees while scotia itrade does not, a notable advantage for frequent withdrawers. AB Forex applies inactivity fees on dormant accounts; scotia itrade does not. AB Forex charges deposit fees; scotia itrade does not. Overall, AB Forex scores higher on fees in our assessment.
| Feature | AB Forex | scotia itrade |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
scotia itrade supports social and copy trading features, which AB Forex does not offer. scotia itrade edges ahead on platform breadth and functionality in our scoring.
| Feature | AB Forex | scotia itrade |
|---|---|---|
| MT4 | No | No |
| 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 scotia itrade compare. scotia itrade runs regular live webinars; AB Forex does not. scotia itrade has a video library; AB Forex does not. scotia itrade publishes daily market commentary; AB Forex does not. scotia itrade integrates third-party research tools (Trading Central, Autochartist); AB Forex does not. scotia itrade maintains an archive of past webinars for on-demand viewing. scotia itrade scores higher overall in education and research.
| Feature | AB Forex | scotia itrade |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. scotia itrade uniquely supports bank transfer and credit/debit card and PayPal and Skrill and Neteller among the two brokers. scotia itrade scores higher on deposit and withdrawal flexibility.
| Feature | AB Forex | scotia itrade |
|---|---|---|
| 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. scotia itrade offers live chat; AB Forex does not, making scotia itrade easier to reach in real time. scotia itrade offers phone support; AB Forex does not. scotia itrade offers email support; no email support was found for AB Forex. AB Forex supports 2 languages and scotia itrade supports 8, giving scotia itrade broader global reach. scotia itrade scores higher overall on customer support in our assessment.
| Feature | AB Forex | scotia itrade |
|---|---|---|
| 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 |