Bulbrokers
Direct FX
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Overview
Bulbrokers was founded in 2000 and is headquartered in Bulgaria, while Direct FX was established in 2006 and is based in New Zealand. Bulbrokers holds licences including Financial Services Authority (FSA), while Direct FX is regulated by Unregulated among others. Bulbrokers serves 10,000+ clients worldwide; Direct FX has 10,000+. The minimum deposit is $100 at Bulbrokers and $1 at Direct FX.
| Feature | Bulbrokers | Direct FX |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Financial Services Authority (FSA) | Unregulated |
| Founded | 2000 | 2006 |
| Country | Bulgaria | New Zealand |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bulbrokers and Direct FX, directly affecting your bottom line as a trader. Direct FX has a lower barrier to entry with a minimum deposit of $1 (vs $100 at Bulbrokers). Neither broker charges withdrawal fees. Bulbrokers applies inactivity fees on dormant accounts; Direct FX does not. Direct FX charges deposit fees; Bulbrokers does not. Overall, Direct FX scores higher on fees in our assessment.
| Feature | Bulbrokers | Direct FX |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
Bulbrokers offers MT5, cTrader, while Direct FX supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Direct FX supports social and copy trading features, which Bulbrokers does not offer. Direct FX edges ahead on platform breadth and functionality in our scoring.
| Feature | Bulbrokers | Direct FX |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Bulbrokers and Direct FX compare. Direct FX runs regular live webinars; Bulbrokers does not. Direct FX has a video library; Bulbrokers does not. Direct FX publishes daily market commentary; Bulbrokers does not. Direct FX integrates third-party research tools (Trading Central); Bulbrokers does not. Direct FX maintains an archive of past webinars for on-demand viewing. Direct FX scores higher overall in education and research.
| Feature | Bulbrokers | Direct FX |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Bulbrokers accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Direct FX supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Bulbrokers | Direct FX |
|---|---|---|
| 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 Bulbrokers and Direct FX 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 | Bulbrokers | Direct FX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |