Ascot Securities
Forex Financial Services
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Overview
Ascot Securities was founded in 1996 and is headquartered in Estonia, while Forex Financial Services was established in 2008 and is based in Australia. Ascot Securities holds licences including Cyprus Securities and Exchange Commission (CySEC), while Forex Financial Services is regulated by Australian Securities and investment Commission (ASIC) among others. Ascot Securities serves 10,000+ clients worldwide; Forex Financial Services has 10,000+. The minimum deposit is $25 at Ascot Securities and $2500 at Forex Financial Services.
| Feature | Ascot Securities | Forex Financial Services |
|---|---|---|
| Min. Deposit | $25 | $2500 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and investment Commission (ASIC) |
| Founded | 1996 | 2008 |
| Country | Estonia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Ascot Securities and Forex Financial Services, directly affecting your bottom line as a trader. Ascot Securities has a lower barrier to entry with a minimum deposit of $25 (vs $2500 at Forex Financial Services). Ascot Securities charges withdrawal fees while Forex Financial Services does not, a notable advantage for frequent withdrawers. Ascot Securities applies inactivity fees on dormant accounts; Forex Financial Services does not. Ascot Securities charges deposit fees; Forex Financial Services does not. Overall, Ascot Securities scores higher on fees in our assessment.
| Feature | Ascot Securities | Forex Financial Services |
|---|---|---|
| Min. Deposit | $25 | $2500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
Ascot Securities 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 | Ascot Securities | 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 | Desktop,Android,iPhone/iPad,Mac | MT4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ascot Securities and Forex Financial Services compare. Ascot Securities has a video library; Forex Financial Services does not. Ascot Securities integrates third-party research tools (Autochartist); Forex Financial Services does not. Ascot Securities scores higher overall in education and research.
| Feature | Ascot Securities | 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. Ascot Securities 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 | Ascot Securities | 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 Ascot Securities 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 | Ascot Securities | Forex Financial Services |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |