Abshire Smith
Direct FX
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Abshire Smith was founded in 1997 and is headquartered in United kingdom, while Direct FX was established in 2006 and is based in New Zealand. Abshire Smith holds licences including Financial Conduct Authority (FCA), while Direct FX is regulated by Unregulated among others. Abshire Smith serves 10,000+ clients worldwide; Direct FX has 10,000+. The minimum deposit is $500 at Abshire Smith and $1 at Direct FX.
| Feature | Abshire Smith | Direct FX |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Regulation | Financial Conduct Authority (FCA) | Unregulated |
| Founded | 1997 | 2006 |
| Country | United kingdom | New Zealand |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Abshire Smith and Direct FX, directly affecting your bottom line as a trader. Direct FX has a lower barrier to entry with a minimum deposit of $1 (vs $500 at Abshire Smith). Neither broker charges withdrawal fees. Abshire Smith charges deposit fees; Direct FX does not. Overall, Direct FX scores higher on fees in our assessment.
| Feature | Abshire Smith | Direct FX |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
Abshire Smith offers MT4, MT5, cTrader, while Direct FX 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 | Abshire Smith | Direct FX |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4, cTrader Platform | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Abshire Smith and Direct FX compare. Direct FX runs regular live webinars; Abshire Smith does not. Direct FX has a video library; Abshire Smith does not. Direct FX publishes daily market commentary; Abshire Smith does not. Direct FX integrates third-party research tools (Trading Central); Abshire Smith does not. Direct FX maintains an archive of past webinars for on-demand viewing. Direct FX scores higher overall in education and research.
| Feature | Abshire Smith | Direct FX |
|---|---|---|
| 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. Abshire Smith accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Direct FX supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Abshire Smith | Direct FX |
|---|---|---|
| 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 Abshire Smith and Direct FX 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 | Abshire Smith | Direct FX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |