Daw Trading
Forex Financial Services
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Overview
Daw Trading was founded in 1988 and is headquartered in USA, while Forex Financial Services was established in 2008 and is based in Australia. Daw Trading holds licences including Financial Conduct Authority (FCA), while Forex Financial Services is regulated by Australian Securities and investment Commission (ASIC) among others. Daw Trading serves 10,000+ clients worldwide; Forex Financial Services has 10,000+. The minimum deposit is $100 at Daw Trading and $2500 at Forex Financial Services.
| Feature | Daw Trading | Forex Financial Services |
|---|---|---|
| Min. Deposit | $100 | $2500 |
| Regulation | Financial Conduct Authority (FCA) | Australian Securities and investment Commission (ASIC) |
| Founded | 1988 | 2008 |
| Country | USA | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Daw Trading and Forex Financial Services, directly affecting your bottom line as a trader. Daw Trading has a lower barrier to entry with a minimum deposit of $100 (vs $2500 at Forex Financial Services). Neither broker charges withdrawal fees. Forex Financial Services charges deposit fees; Daw Trading does not. Overall, Daw Trading scores higher on fees in our assessment.
| Feature | Daw Trading | Forex Financial Services |
|---|---|---|
| Min. Deposit | $100 | $2500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Daw Trading offers MT5, cTrader, while Forex Financial Services supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex Financial Services supports social and copy trading features, which Daw Trading does not offer. Forex Financial Services edges ahead on platform breadth and functionality in our scoring.
| Feature | Daw Trading | Forex Financial Services |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Android,WEB,Desktop,iPhone,Mac | MT4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Daw Trading and Forex Financial Services compare. Daw Trading runs regular live webinars; Forex Financial Services does not. Daw Trading has a video library; Forex Financial Services does not. Daw Trading publishes daily market commentary; Forex Financial Services does not. Daw Trading integrates third-party research tools (Trading Central); Forex Financial Services does not. Daw Trading maintains an archive of past webinars for on-demand viewing. Daw Trading scores higher overall in education and research.
| Feature | Daw Trading | 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. Daw Trading 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 | Daw Trading | 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 Daw Trading 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 | Daw Trading | Forex Financial Services |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |