BeeOptions
speedtrader
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Overview
BeeOptions was founded in 2004 and is headquartered in Cyprus, while speedtrader was established in 2017 and is based in Netherlands. BeeOptions holds licences including Cyprus Securities and Exchange Commission (CySEC), while speedtrader is regulated by Financial Conduct Authority (FCA) among others. BeeOptions serves 10,000+ clients worldwide; speedtrader has 3,500,000+. The minimum deposit is $0 at BeeOptions and $250 at speedtrader.
| Feature | BeeOptions | speedtrader |
|---|---|---|
| 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-F308 |
| Founded | 2004 | 2017 |
| Country | Cyprus | Netherlands |
| Clients | 10,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between BeeOptions and speedtrader, directly affecting your bottom line as a trader. BeeOptions has a lower barrier to entry with a minimum deposit of $0 (vs $250 at speedtrader). Neither broker charges withdrawal fees. speedtrader charges deposit fees; BeeOptions does not. Overall, BeeOptions scores higher on fees in our assessment.
| Feature | BeeOptions | speedtrader |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
BeeOptions offers MT4, MT5, cTrader, while speedtrader 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 | speedtrader |
|---|---|---|
| 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 speedtrader compare. speedtrader runs regular live webinars; BeeOptions does not. speedtrader has a video library; BeeOptions does not. speedtrader publishes daily market commentary; BeeOptions does not. speedtrader integrates third-party research tools (Trading Central, Autochartist); BeeOptions does not. speedtrader maintains an archive of past webinars for on-demand viewing. speedtrader scores higher overall in education and research.
| Feature | BeeOptions | speedtrader |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 speedtrader supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). speedtrader uniquely supports PayPal and Skrill and Neteller among the two brokers. speedtrader scores higher on deposit and withdrawal flexibility.
| Feature | BeeOptions | speedtrader |
|---|---|---|
| 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 speedtrader offer live chat support. Both provide phone support. Email support is available at both brokers. BeeOptions supports 2 languages and speedtrader supports 8, giving speedtrader broader global reach. Both brokers are comparable on support quality.
| Feature | BeeOptions | speedtrader |
|---|---|---|
| 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 |