Chase Bank
Westpac
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Chase Bank was founded in 1975 and is headquartered in United States, while Westpac was established in 2008 and is based in Austrailia. Chase Bank holds licences including Australian Securities and Investment Commission (ASIC), while Westpac is regulated by Financial Conduct Authority (FCA) among others. Chase Bank serves 10,000+ clients worldwide; Westpac has 10,000+. The minimum deposit is $100 at Chase Bank and $50 at Westpac.
| Feature | Chase Bank | Westpac |
|---|---|---|
| Min. Deposit | $100 | $50 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) |
| Founded | 1975 | 2008 |
| Country | United States | Austrailia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Chase Bank and Westpac, directly affecting your bottom line as a trader. Chase Bank has a lower barrier to entry with a minimum deposit of $100 (vs $50 at Westpac). Neither broker charges withdrawal fees. Westpac charges deposit fees; Chase Bank does not. Overall, Westpac scores higher on fees in our assessment.
| Feature | Chase Bank | Westpac |
|---|---|---|
| Min. Deposit | $100 | $50 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Chase Bank offers MT4, 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 Chase Bank does not offer. The two brokers are closely matched on platform offering.
| Feature | Chase Bank | Westpac |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop,Android,iPhone/iPad,Mac | Desktop,Mac,iPhone,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Chase Bank 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 | Chase Bank | 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. Chase Bank 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 | Chase Bank | 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 Chase Bank 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 | Chase Bank | Westpac |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |