Blitzbrokers
Westpac
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Overview
Blitzbrokers was founded in 1982 and is headquartered in Hong Kong, while Westpac was established in 2008 and is based in Austrailia. Blitzbrokers holds licences including Securities and Futures Commission (SFC), while Westpac is regulated by Financial Conduct Authority (FCA) among others. Blitzbrokers serves 10,000+ clients worldwide; Westpac has 10,000+. The minimum deposit is $1 at Blitzbrokers and $50 at Westpac.
| Feature | Blitzbrokers | Westpac |
|---|---|---|
| Min. Deposit | $1 | $50 |
| Regulation | Securities and Futures Commission (SFC) | Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) |
| Founded | 1982 | 2008 |
| Country | Hong Kong | Austrailia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Blitzbrokers and Westpac, directly affecting your bottom line as a trader. Blitzbrokers has a lower barrier to entry with a minimum deposit of $1 (vs $50 at Westpac). Neither broker charges withdrawal fees. Westpac charges deposit fees; Blitzbrokers does not. The two brokers are broadly comparable on fee structure.
| Feature | Blitzbrokers | Westpac |
|---|---|---|
| Min. Deposit | $1 | $50 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Blitzbrokers offers MT5, cTrader, while Westpac 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. Westpac edges ahead on platform breadth and functionality in our scoring.
| Feature | Blitzbrokers | Westpac |
|---|---|---|
| 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 | Desktop,Mac,iPhone,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Blitzbrokers and Westpac compare. Westpac runs regular live webinars; Blitzbrokers does not. Both provide video tutorials. Westpac publishes daily market commentary; Blitzbrokers does not. Both integrate third-party research tools. Westpac maintains an archive of past webinars for on-demand viewing. Westpac scores higher overall in education and research.
| Feature | Blitzbrokers | Westpac |
|---|---|---|
| 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 Westpac supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Blitzbrokers | Westpac |
|---|---|---|
| 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 Westpac 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 | Westpac |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |