Bulbrokers
Westpac
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Bulbrokers was founded in 2000 and is headquartered in Bulgaria, while Westpac was established in 2008 and is based in Austrailia. Bulbrokers holds licences including Financial Services Authority (FSA), while Westpac is regulated by Financial Conduct Authority (FCA) among others. Bulbrokers serves 10,000+ clients worldwide; Westpac has 10,000+. The minimum deposit is $100 at Bulbrokers and $50 at Westpac.
| Feature | Bulbrokers | Westpac |
|---|---|---|
| Min. Deposit | $100 | $50 |
| Regulation | Financial Services Authority (FSA) | Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) |
| Founded | 2000 | 2008 |
| Country | Bulgaria | Austrailia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bulbrokers and Westpac, directly affecting your bottom line as a trader. Bulbrokers has a lower barrier to entry with a minimum deposit of $100 (vs $50 at Westpac). Neither broker charges withdrawal fees. Bulbrokers applies inactivity fees on dormant accounts; Westpac does not. Westpac charges deposit fees; Bulbrokers does not. Overall, Westpac scores higher on fees in our assessment.
| Feature | Bulbrokers | Westpac |
|---|---|---|
| Min. Deposit | $100 | $50 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | No |
Platforms
Bulbrokers offers MT5, cTrader, while Westpac supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Westpac supports social and copy trading features, which Bulbrokers does not offer. Westpac edges ahead on platform breadth and functionality in our scoring.
| Feature | Bulbrokers | Westpac |
|---|---|---|
| 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 | Desktop,Mac,iPhone,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Bulbrokers and Westpac compare. Westpac runs regular live webinars; Bulbrokers does not. Westpac has a video library; Bulbrokers does not. Westpac publishes daily market commentary; Bulbrokers does not. Westpac integrates third-party research tools (Trading Central, Autochartist); Bulbrokers does not. Westpac maintains an archive of past webinars for on-demand viewing. Westpac scores higher overall in education and research.
| Feature | Bulbrokers | Westpac |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
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 Westpac supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Bulbrokers | 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 Bulbrokers 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 | Bulbrokers | Westpac |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |