AB Forex
Velocity Trade
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Overview
AB Forex was founded in 2003 and is headquartered in STOCKHOLM, while Velocity Trade was established in 2007 and is based in Australia. AB Forex holds licences including Unregulated, while Velocity Trade is regulated by Australian Securities & Investment Commission (ASIC) among others. AB Forex serves 10,000+ clients worldwide; Velocity Trade has 10,000+. The minimum deposit is $100 at AB Forex and $1 at Velocity Trade.
| Feature | AB Forex | Velocity Trade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Unregulated | Australian Securities & Investment Commission (ASIC), BaFIN (German Federal Financial Services Authority ID: 10159853), Financial Markets Authority (FMA) of New Zealand, Financial Sector Conduct Authority of South Africa (FSCA) FSP No. 43295, Financial Conduct Authority (FCA Registered Number 497263) |
| Founded | 2003 | 2007 |
| Country | STOCKHOLM | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AB Forex and Velocity Trade, directly affecting your bottom line as a trader. Velocity Trade has a lower barrier to entry with a minimum deposit of $1 (vs $100 at AB Forex). AB Forex charges withdrawal fees while Velocity Trade does not, a notable advantage for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. AB Forex charges deposit fees; Velocity Trade does not. Overall, Velocity Trade scores higher on fees in our assessment.
| Feature | AB Forex | Velocity Trade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Velocity Trade edges ahead on platform breadth and functionality in our scoring.
| Feature | AB Forex | Velocity Trade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | No |
| cTrader | No | No |
| 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, Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AB Forex and Velocity Trade compare. Velocity Trade runs regular live webinars; AB Forex does not. Velocity Trade has a video library; AB Forex does not. Velocity Trade publishes daily market commentary; AB Forex does not. Velocity Trade integrates third-party research tools (Trading Central, Autochartist); AB Forex does not. Velocity Trade maintains an archive of past webinars for on-demand viewing. Velocity Trade scores higher overall in education and research.
| Feature | AB Forex | Velocity Trade |
|---|---|---|
| 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. Velocity Trade uniquely supports bank transfer and credit/debit card among the two brokers. Velocity Trade scores higher on deposit and withdrawal flexibility.
| Feature | AB Forex | Velocity Trade |
|---|---|---|
| Bank Transfer | No | Yes |
| Credit Card | No | 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. Velocity Trade offers live chat; AB Forex does not, making Velocity Trade easier to reach in real time. Velocity Trade offers phone support; AB Forex does not. Velocity Trade offers email support; no email support was found for AB Forex. Both brokers offer support in 2 languages. Velocity Trade scores higher overall on customer support in our assessment.
| Feature | AB Forex | Velocity Trade |
|---|---|---|
| Live Chat | No | Yes |
| Phone Support | No | Yes |
| Email Support | No | Yes |
| Languages | English, and Chinese | English, and Chinese |