Blitzbrokers
fx choice
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Overview
Blitzbrokers was founded in 1982 and is headquartered in Hong Kong, while fx choice was established in 2016 and is based in Australia. Blitzbrokers holds licences including Securities and Futures Commission (SFC), while fx choice is regulated by Financial Conduct Authority (FCA) among others. Blitzbrokers serves 10,000+ clients worldwide; fx choice has 10,000+. The minimum deposit is $1 at Blitzbrokers and $250 at fx choice.
| Feature | Blitzbrokers | fx choice |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Regulation | Securities and Futures Commission (SFC) | 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-F235 |
| Founded | 1982 | 2016 |
| Country | Hong Kong | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Blitzbrokers and fx choice, directly affecting your bottom line as a trader. Blitzbrokers has a lower barrier to entry with a minimum deposit of $1 (vs $250 at fx choice). Neither broker charges withdrawal fees. fx choice applies inactivity fees on dormant accounts; Blitzbrokers does not. Overall, Blitzbrokers scores higher on fees in our assessment.
| Feature | Blitzbrokers | fx choice |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Blitzbrokers offers MT5, cTrader, while fx choice 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. fx choice edges ahead on platform breadth and functionality in our scoring.
| Feature | Blitzbrokers | fx choice |
|---|---|---|
| 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, 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 Blitzbrokers and fx choice compare. fx choice runs regular live webinars; Blitzbrokers does not. Both provide video tutorials. fx choice publishes daily market commentary; Blitzbrokers does not. Both integrate third-party research tools. fx choice maintains an archive of past webinars for on-demand viewing. fx choice scores higher overall in education and research.
| Feature | Blitzbrokers | fx choice |
|---|---|---|
| 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 fx choice supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fx choice uniquely supports PayPal and Skrill and Neteller among the two brokers. fx choice scores higher on deposit and withdrawal flexibility.
| Feature | Blitzbrokers | fx choice |
|---|---|---|
| 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 Blitzbrokers and fx choice offer live chat support. Both provide phone support. Email support is available at both brokers. Blitzbrokers supports 2 languages and fx choice supports 8, giving fx choice broader global reach. Both brokers are comparable on support quality.
| Feature | Blitzbrokers | fx choice |
|---|---|---|
| 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 |