Commonwealth Securities
Forex Financial Services
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Overview
Commonwealth Securities was founded in 1999 and is headquartered in Australia, while Forex Financial Services was established in 2008 and is based in Australia. Commonwealth Securities holds licences including Cyprus Securities and Exchange Commission (CySEC), while Forex Financial Services is regulated by Australian Securities and investment Commission (ASIC) among others. Commonwealth Securities serves 10,000+ clients worldwide; Forex Financial Services has 10,000+. The minimum deposit is $5000 at Commonwealth Securities and $2500 at Forex Financial Services.
| Feature | Commonwealth Securities | Forex Financial Services |
|---|---|---|
| Min. Deposit | $5000 | $2500 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and investment Commission (ASIC) |
| Founded | 1999 | 2008 |
| Country | Australia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Commonwealth Securities and Forex Financial Services, directly affecting your bottom line as a trader. Forex Financial Services has a lower barrier to entry with a minimum deposit of $2500 (vs $5000 at Commonwealth Securities). Neither broker charges withdrawal fees. Commonwealth Securities charges deposit fees; Forex Financial Services does not. The two brokers are broadly comparable on fee structure.
| Feature | Commonwealth Securities | Forex Financial Services |
|---|---|---|
| Min. Deposit | $5000 | $2500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | No |
Platforms
Commonwealth Securities offers MT4, MT5, cTrader, while Forex Financial Services 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 | Commonwealth Securities | Forex Financial Services |
|---|---|---|
| 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, iOS and Android versions available. | MT4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Commonwealth Securities and Forex Financial Services compare. Commonwealth Securities runs regular live webinars; Forex Financial Services does not. Commonwealth Securities has a video library; Forex Financial Services does not. Commonwealth Securities publishes daily market commentary; Forex Financial Services does not. Commonwealth Securities integrates third-party research tools (Trading Central); Forex Financial Services does not. Commonwealth Securities maintains an archive of past webinars for on-demand viewing. Commonwealth Securities scores higher overall in education and research.
| Feature | Commonwealth Securities | Forex Financial Services |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Commonwealth Securities accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Forex Financial Services supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Commonwealth Securities | Forex Financial Services |
|---|---|---|
| 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 Commonwealth Securities and Forex Financial Services 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 | Commonwealth Securities | Forex Financial Services |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |