BeeOptions
selftrade
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Overview
BeeOptions was founded in 2004 and is headquartered in Cyprus, while selftrade was established in 2013 and is based in Australia. BeeOptions holds licences including Cyprus Securities and Exchange Commission (CySEC), while selftrade is regulated by Financial Conduct Authority (FCA) among others. BeeOptions serves 10,000+ clients worldwide; selftrade has 14,000,000+. The minimum deposit is $0 at BeeOptions and $250 at selftrade.
| Feature | BeeOptions | selftrade |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | 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-F304 |
| Founded | 2004 | 2013 |
| Country | Cyprus | Australia |
| Clients | 10,000+ | 14,000,000+ |
Fees
Fees are a critical factor when choosing between BeeOptions and selftrade, directly affecting your bottom line as a trader. BeeOptions has a lower barrier to entry with a minimum deposit of $0 (vs $250 at selftrade). selftrade charges withdrawal fees while BeeOptions does not, giving BeeOptions an edge for frequent withdrawers. selftrade charges deposit fees; BeeOptions does not. Overall, BeeOptions scores higher on fees in our assessment.
| Feature | BeeOptions | selftrade |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
BeeOptions offers MT4, MT5, cTrader, while selftrade 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 | BeeOptions | selftrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | IRESSTrader,IRESSInvestor,netIRESS,XPLAN | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how BeeOptions and selftrade compare. selftrade has a video library; BeeOptions does not. selftrade integrates third-party research tools (Autochartist); BeeOptions does not. selftrade scores higher overall in education and research.
| Feature | BeeOptions | selftrade |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. BeeOptions accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while selftrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). selftrade uniquely supports PayPal and Skrill and Neteller among the two brokers. selftrade scores higher on deposit and withdrawal flexibility.
| Feature | BeeOptions | selftrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both BeeOptions and selftrade offer live chat support. Both provide phone support. Email support is available at both brokers. BeeOptions supports 2 languages and selftrade supports 8, giving selftrade broader global reach. Both brokers are comparable on support quality.
| Feature | BeeOptions | selftrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |