Bulbrokers
fx open
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Overview
Bulbrokers was founded in 2000 and is headquartered in Bulgaria, while fx open was established in 2019 and is based in Puerto Rico. Bulbrokers holds licences including Financial Services Authority (FSA), while fx open is regulated by Financial Conduct Authority (FCA) among others. Bulbrokers serves 10,000+ clients worldwide; fx open has 60,000+. The minimum deposit is $100 at Bulbrokers and $250 at fx open.
| Feature | Bulbrokers | fx open |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Financial Services Authority (FSA) | 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-F238 |
| Founded | 2000 | 2019 |
| Country | Bulgaria | Puerto Rico |
| Clients | 10,000+ | 60,000+ |
Fees
Fees are a critical factor when choosing between Bulbrokers and fx open, directly affecting your bottom line as a trader. Bulbrokers has a lower barrier to entry with a minimum deposit of $100 (vs $250 at fx open). Neither broker charges withdrawal fees. Bulbrokers applies inactivity fees on dormant accounts; fx open does not. Overall, Bulbrokers scores higher on fees in our assessment.
| Feature | Bulbrokers | fx open |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Bulbrokers offers MT5, cTrader, while fx open supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. fx open edges ahead on platform breadth and functionality in our scoring.
| Feature | Bulbrokers | fx open |
|---|---|---|
| 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 | 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 Bulbrokers and fx open compare. fx open runs regular live webinars; Bulbrokers does not. fx open has a video library; Bulbrokers does not. fx open publishes daily market commentary; Bulbrokers does not. fx open integrates third-party research tools (Trading Central); Bulbrokers does not. fx open maintains an archive of past webinars for on-demand viewing. fx open scores higher overall in education and research.
| Feature | Bulbrokers | fx open |
|---|---|---|
| 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 fx open supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fx open uniquely supports PayPal and Skrill and Neteller among the two brokers. fx open scores higher on deposit and withdrawal flexibility.
| Feature | Bulbrokers | fx open |
|---|---|---|
| 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 Bulbrokers and fx open offer live chat support. Both provide phone support. Email support is available at both brokers. Bulbrokers supports 2 languages and fx open supports 8, giving fx open broader global reach. Both brokers are comparable on support quality.
| Feature | Bulbrokers | fx open |
|---|---|---|
| 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 |