Alpha Capital Markets
Forex Financial Services
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Overview
Alpha Capital Markets was founded in 1999 and is headquartered in UK, while Forex Financial Services was established in 2008 and is based in Australia. Alpha Capital Markets holds licences including Unregulated, while Forex Financial Services is regulated by Australian Securities and investment Commission (ASIC) among others. Alpha Capital Markets serves 10,000+ clients worldwide; Forex Financial Services has 10,000+. The minimum deposit is $0 at Alpha Capital Markets and $2500 at Forex Financial Services.
| Feature | Alpha Capital Markets | Forex Financial Services |
|---|---|---|
| Min. Deposit | $0 | $2500 |
| Regulation | Unregulated | Australian Securities and investment Commission (ASIC) |
| Founded | 1999 | 2008 |
| Country | UK | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Alpha Capital Markets and Forex Financial Services, directly affecting your bottom line as a trader. Alpha Capital Markets has a lower barrier to entry with a minimum deposit of $0 (vs $2500 at Forex Financial Services). Neither broker charges withdrawal fees. Alpha Capital Markets applies inactivity fees on dormant accounts; Forex Financial Services does not. Forex Financial Services charges deposit fees; Alpha Capital Markets does not. Overall, Alpha Capital Markets scores higher on fees in our assessment.
| Feature | Alpha Capital Markets | Forex Financial Services |
|---|---|---|
| Min. Deposit | $0 | $2500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Alpha Capital Markets offers MT4, MT5, cTrader, while Forex Financial Services 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 | Alpha Capital Markets | 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 | Metatrader 4 - desktop, iOS and Android versions available. | MT4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alpha Capital Markets and Forex Financial Services compare. Alpha Capital Markets has a video library; Forex Financial Services does not. Alpha Capital Markets integrates third-party research tools (Autochartist); Forex Financial Services does not. Alpha Capital Markets scores higher overall in education and research.
| Feature | Alpha Capital Markets | Forex Financial Services |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Alpha Capital Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Forex Financial Services supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Alpha Capital Markets | Forex Financial Services |
|---|---|---|
| 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 Alpha Capital Markets and Forex Financial Services 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 | Alpha Capital Markets | Forex Financial Services |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |