afx group
Forex Financial Services
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Overview
afx group was founded in 2013 and is headquartered in Geneva, while Forex Financial Services was established in 2008 and is based in Australia. afx group holds licences including Financial Conduct Authority (FCA), while Forex Financial Services is regulated by Australian Securities and investment Commission (ASIC) among others. afx group serves 14,000,000+ clients worldwide; Forex Financial Services has 10,000+. The minimum deposit is $250 at afx group and $2500 at Forex Financial Services.
| Feature | afx group | Forex Financial Services |
|---|---|---|
| Min. Deposit | $250 | $2500 |
| Regulation | 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-F220 | Australian Securities and investment Commission (ASIC) |
| Founded | 2013 | 2008 |
| Country | Geneva | Australia |
| Clients | 14,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between afx group and Forex Financial Services, directly affecting your bottom line as a trader. afx group has a lower barrier to entry with a minimum deposit of $250 (vs $2500 at Forex Financial Services). Neither broker charges withdrawal fees. Forex Financial Services charges deposit fees; afx group does not. Overall, afx group scores higher on fees in our assessment.
| Feature | afx group | Forex Financial Services |
|---|---|---|
| Min. Deposit | $250 | $2500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | No |
Platforms
afx group offers MT4, MT5, cTrader, while Forex Financial Services supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex Financial Services supports social and copy trading features, which afx group does not offer. The two brokers are closely matched on platform offering.
| Feature | afx group | Forex Financial Services |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how afx group and Forex Financial Services compare. afx group runs regular live webinars; Forex Financial Services does not. afx group has a video library; Forex Financial Services does not. afx group publishes daily market commentary; Forex Financial Services does not. afx group integrates third-party research tools (Trading Central); Forex Financial Services does not. afx group maintains an archive of past webinars for on-demand viewing. afx group scores higher overall in education and research.
| Feature | afx group | Forex Financial Services |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. afx group accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Forex Financial Services supports 2 (bank transfer, credit/debit card). afx group uniquely supports PayPal and Skrill and Neteller among the two brokers. afx group scores higher on deposit and withdrawal flexibility.
| Feature | afx group | Forex Financial Services |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both afx group and Forex Financial Services offer live chat support. Both provide phone support. Email support is available at both brokers. afx group supports 8 languages and Forex Financial Services supports 2, giving afx group broader global reach. Both brokers are comparable on support quality.
| Feature | afx group | Forex Financial Services |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |