Blitzbrokers
Virtual Brokers
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Overview
Blitzbrokers was founded in 1982 and is headquartered in Hong Kong, while Virtual Brokers was established in 2008 and is based in Canada. Blitzbrokers holds licences including Securities and Futures Commission (SFC), while Virtual Brokers is regulated by The Investment Industry Regulatory Organization of Canada (IIROC) among others. Blitzbrokers serves 10,000+ clients worldwide; Virtual Brokers has 10,000+. The minimum deposit is $1 at Blitzbrokers and $1000 at Virtual Brokers.
| Feature | Blitzbrokers | Virtual Brokers |
|---|---|---|
| Min. Deposit | $1 | $1000 |
| Regulation | Securities and Futures Commission (SFC) | The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF) |
| Founded | 1982 | 2008 |
| Country | Hong Kong | Canada |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Blitzbrokers and Virtual Brokers, directly affecting your bottom line as a trader. Blitzbrokers has a lower barrier to entry with a minimum deposit of $1 (vs $1000 at Virtual Brokers). Virtual Brokers charges withdrawal fees while Blitzbrokers does not, giving Blitzbrokers an edge for frequent withdrawers. Virtual Brokers charges deposit fees; Blitzbrokers does not. Overall, Blitzbrokers scores higher on fees in our assessment.
| Feature | Blitzbrokers | Virtual Brokers |
|---|---|---|
| Min. Deposit | $1 | $1000 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Blitzbrokers offers MT5, cTrader, while Virtual Brokers 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. Virtual Brokers edges ahead on platform breadth and functionality in our scoring.
| Feature | Blitzbrokers | Virtual Brokers |
|---|---|---|
| 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,Desktop,iPhone/iOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Blitzbrokers and Virtual Brokers compare. Virtual Brokers runs regular live webinars; Blitzbrokers does not. Both provide video tutorials. Virtual Brokers publishes daily market commentary; Blitzbrokers does not. Both integrate third-party research tools. Virtual Brokers maintains an archive of past webinars for on-demand viewing. Virtual Brokers scores higher overall in education and research.
| Feature | Blitzbrokers | Virtual Brokers |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
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 Virtual Brokers supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Blitzbrokers | Virtual Brokers |
|---|---|---|
| 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 Virtual Brokers 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 | Virtual Brokers |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |