Blitzbrokers
Commonwealth Securities
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Overview
Blitzbrokers was founded in 1982 and is headquartered in Hong Kong, while Commonwealth Securities was established in 1999 and is based in Australia. Blitzbrokers holds licences including Securities and Futures Commission (SFC), while Commonwealth Securities is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Blitzbrokers serves 10,000+ clients worldwide; Commonwealth Securities has 10,000+. The minimum deposit is $1 at Blitzbrokers and $5000 at Commonwealth Securities.
| Feature | Blitzbrokers | Commonwealth Securities |
|---|---|---|
| Min. Deposit | $1 | $5000 |
| Regulation | Securities and Futures Commission (SFC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1982 | 1999 |
| Country | Hong Kong | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Blitzbrokers and Commonwealth Securities, directly affecting your bottom line as a trader. Blitzbrokers has a lower barrier to entry with a minimum deposit of $1 (vs $5000 at Commonwealth Securities). Neither broker charges withdrawal fees. Commonwealth Securities charges deposit fees; Blitzbrokers does not. Overall, Blitzbrokers scores higher on fees in our assessment.
| Feature | Blitzbrokers | Commonwealth Securities |
|---|---|---|
| Min. Deposit | $1 | $5000 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Blitzbrokers offers MT5, cTrader, while Commonwealth Securities 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. Commonwealth Securities edges ahead on platform breadth and functionality in our scoring.
| Feature | Blitzbrokers | Commonwealth Securities |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop,WEB,Android | Metatrader 4 - desktop, iOS and Android versions available. |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Blitzbrokers and Commonwealth Securities compare. Commonwealth Securities runs regular live webinars; Blitzbrokers does not. Both provide video tutorials. Commonwealth Securities publishes daily market commentary; Blitzbrokers does not. Both integrate third-party research tools. Commonwealth Securities maintains an archive of past webinars for on-demand viewing. Commonwealth Securities scores higher overall in education and research.
| Feature | Blitzbrokers | Commonwealth Securities |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Blitzbrokers accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Commonwealth Securities supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Blitzbrokers | Commonwealth Securities |
|---|---|---|
| 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 Blitzbrokers and Commonwealth Securities 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 | Blitzbrokers | Commonwealth Securities |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |