AB Forex
Westpac
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Overview
AB Forex was founded in 2003 and is headquartered in STOCKHOLM, while Westpac was established in 2008 and is based in Austrailia. AB Forex holds licences including Unregulated, while Westpac is regulated by Financial Conduct Authority (FCA) among others. AB Forex serves 10,000+ clients worldwide; Westpac has 10,000+. The minimum deposit is $100 at AB Forex and $50 at Westpac.
| Feature | AB Forex | Westpac |
|---|---|---|
| Min. Deposit | $100 | $50 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) |
| Founded | 2003 | 2008 |
| Country | STOCKHOLM | Austrailia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AB Forex and Westpac, directly affecting your bottom line as a trader. AB Forex has a lower barrier to entry with a minimum deposit of $100 (vs $50 at Westpac). AB Forex charges withdrawal fees while Westpac does not, a notable advantage for frequent withdrawers. AB Forex applies inactivity fees on dormant accounts; Westpac does not. AB Forex charges deposit fees; Westpac does not. Overall, Westpac scores higher on fees in our assessment.
| Feature | AB Forex | Westpac |
|---|---|---|
| Min. Deposit | $100 | $50 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
Westpac supports social and copy trading features, which AB Forex does not offer. Westpac edges ahead on platform breadth and functionality in our scoring.
| Feature | AB Forex | Westpac |
|---|---|---|
| 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) | Desktop,Mac,iPhone,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AB Forex and Westpac compare. Westpac runs regular live webinars; AB Forex does not. Westpac has a video library; AB Forex does not. Westpac publishes daily market commentary; AB Forex does not. Westpac integrates third-party research tools (Trading Central, Autochartist); AB Forex does not. Westpac maintains an archive of past webinars for on-demand viewing. Westpac scores higher overall in education and research.
| Feature | AB Forex | Westpac |
|---|---|---|
| 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. Westpac uniquely supports bank transfer and credit/debit card among the two brokers. Westpac scores higher on deposit and withdrawal flexibility.
| Feature | AB Forex | Westpac |
|---|---|---|
| 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. Westpac offers live chat; AB Forex does not, making Westpac easier to reach in real time. Westpac offers phone support; AB Forex does not. Westpac offers email support; no email support was found for AB Forex. Both brokers offer support in 2 languages. Westpac scores higher overall on customer support in our assessment.
| Feature | AB Forex | Westpac |
|---|---|---|
| Live Chat | No | Yes |
| Phone Support | No | Yes |
| Email Support | No | Yes |
| Languages | English, and Chinese | English, and Chinese |