Bridges Financial Services
Westpac
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Overview
Bridges Financial Services was founded in 2014 and is headquartered in Australia, while Westpac was established in 2008 and is based in Austrailia. Bridges Financial Services holds licences including ABN 60 003 474 977, while Westpac is regulated by Financial Conduct Authority (FCA) among others. Bridges Financial Services serves 10,000+ clients worldwide; Westpac has 10,000+. The minimum deposit is $100 at Bridges Financial Services and $50 at Westpac.
| Feature | Bridges Financial Services | Westpac |
|---|---|---|
| Min. Deposit | $100 | $50 |
| Regulation | ABN 60 003 474 977, AFSL No. 240837 | Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) |
| Founded | 2014 | 2008 |
| Country | Australia | Austrailia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bridges Financial Services and Westpac, directly affecting your bottom line as a trader. Bridges Financial Services has a lower barrier to entry with a minimum deposit of $100 (vs $50 at Westpac). Bridges Financial Services charges withdrawal fees while Westpac does not, a notable advantage for frequent withdrawers. Bridges Financial Services charges deposit fees; Westpac does not. Overall, Westpac scores higher on fees in our assessment.
| Feature | Bridges Financial Services | Westpac |
|---|---|---|
| Min. Deposit | $100 | $50 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
Bridges Financial Services offers MT4, 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. The two brokers are closely matched on platform offering.
| Feature | Bridges Financial Services | Westpac |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4 | Desktop,Mac,iPhone,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Bridges Financial Services and Westpac compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | Bridges Financial Services | Westpac |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Bridges Financial Services 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 | Bridges Financial Services | 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 Bridges Financial Services 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 | Bridges Financial Services | Westpac |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |