Blitzbrokers
Forex Financial Services
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Overview
Blitzbrokers was founded in 1982 and is headquartered in Hong Kong, while Forex Financial Services was established in 2008 and is based in Australia. Blitzbrokers holds licences including Securities and Futures Commission (SFC), while Forex Financial Services is regulated by Australian Securities and investment Commission (ASIC) among others. Blitzbrokers serves 10,000+ clients worldwide; Forex Financial Services has 10,000+. The minimum deposit is $1 at Blitzbrokers and $2500 at Forex Financial Services.
| Feature | Blitzbrokers | Forex Financial Services |
|---|---|---|
| Min. Deposit | $1 | $2500 |
| Regulation | Securities and Futures Commission (SFC) | Australian Securities and investment Commission (ASIC) |
| Founded | 1982 | 2008 |
| Country | Hong Kong | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Blitzbrokers and Forex Financial Services, directly affecting your bottom line as a trader. Blitzbrokers has a lower barrier to entry with a minimum deposit of $1 (vs $2500 at Forex Financial Services). Neither broker charges withdrawal fees. Forex Financial Services charges deposit fees; Blitzbrokers does not. Overall, Blitzbrokers scores higher on fees in our assessment.
| Feature | Blitzbrokers | Forex Financial Services |
|---|---|---|
| Min. Deposit | $1 | $2500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Blitzbrokers 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 | Blitzbrokers | 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 | Desktop,WEB,Android | MT4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Blitzbrokers and Forex Financial Services compare. Blitzbrokers has a video library; Forex Financial Services does not. Blitzbrokers integrates third-party research tools (Autochartist); Forex Financial Services does not. Blitzbrokers scores higher overall in education and research.
| Feature | Blitzbrokers | 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. Blitzbrokers 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 | Blitzbrokers | 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 Blitzbrokers 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 | Blitzbrokers | Forex Financial Services |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |