Direct FX
Forex Financial Services
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Overview
Direct FX was founded in 2006 and is headquartered in New Zealand, while Forex Financial Services was established in 2008 and is based in Australia. Direct FX holds licences including Unregulated, while Forex Financial Services is regulated by Australian Securities and investment Commission (ASIC) among others. Direct FX serves 10,000+ clients worldwide; Forex Financial Services has 10,000+. The minimum deposit is $1 at Direct FX and $2500 at Forex Financial Services.
| Feature | Direct FX | Forex Financial Services |
|---|---|---|
| Min. Deposit | $1 | $2500 |
| Regulation | Unregulated | Australian Securities and investment Commission (ASIC) |
| Founded | 2006 | 2008 |
| Country | New Zealand | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Direct FX and Forex Financial Services, directly affecting your bottom line as a trader. Direct FX has a lower barrier to entry with a minimum deposit of $1 (vs $2500 at Forex Financial Services). Neither broker charges withdrawal fees. Direct FX charges deposit fees; Forex Financial Services does not. Overall, Direct FX scores higher on fees in our assessment.
| Feature | Direct FX | Forex Financial Services |
|---|---|---|
| Min. Deposit | $1 | $2500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
Direct FX 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 | Direct FX | 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 | Not available | MT4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Direct FX and Forex Financial Services compare. Direct FX runs regular live webinars; Forex Financial Services does not. Direct FX has a video library; Forex Financial Services does not. Direct FX publishes daily market commentary; Forex Financial Services does not. Direct FX integrates third-party research tools (Trading Central); Forex Financial Services does not. Direct FX maintains an archive of past webinars for on-demand viewing. Direct FX scores higher overall in education and research.
| Feature | Direct FX | 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. Direct FX 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 | Direct FX | 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 Direct FX 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 | Direct FX | Forex Financial Services |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |