Betterment
Forex Financial Services
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Overview
Betterment was founded in 2008 and is headquartered in USA, while Forex Financial Services was established in 2008 and is based in Australia. Betterment holds licences including Unregulated, while Forex Financial Services is regulated by Australian Securities and investment Commission (ASIC) among others. Betterment serves 10,000+ clients worldwide; Forex Financial Services has 10,000+. The minimum deposit is $0 at Betterment and $2500 at Forex Financial Services.
| Feature | Betterment | Forex Financial Services |
|---|---|---|
| Min. Deposit | $0 | $2500 |
| Regulation | Unregulated | Australian Securities and investment Commission (ASIC) |
| Founded | 2008 | 2008 |
| Country | USA | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Betterment and Forex Financial Services, directly affecting your bottom line as a trader. Betterment has a lower barrier to entry with a minimum deposit of $0 (vs $2500 at Forex Financial Services). Betterment charges withdrawal fees while Forex Financial Services does not, a notable advantage for frequent withdrawers. Forex Financial Services charges deposit fees; Betterment does not. Overall, Betterment scores higher on fees in our assessment.
| Feature | Betterment | Forex Financial Services |
|---|---|---|
| Min. Deposit | $0 | $2500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Betterment offers 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. Forex Financial Services edges ahead on platform breadth and functionality in our scoring.
| Feature | Betterment | Forex Financial Services |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Mac,iPhone,iPad,WEB,Desktop | MT4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Betterment and Forex Financial Services compare. Betterment runs regular live webinars; Forex Financial Services does not. Betterment has a video library; Forex Financial Services does not. Betterment publishes daily market commentary; Forex Financial Services does not. Betterment integrates third-party research tools (Trading Central); Forex Financial Services does not. Betterment maintains an archive of past webinars for on-demand viewing. Betterment scores higher overall in education and research.
| Feature | Betterment | 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. Betterment 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 | Betterment | 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 Betterment 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 | Betterment | Forex Financial Services |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |