Directshares
Forex Financial Services
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Overview
Directshares was founded in 2007 and is headquartered in Australia, while Forex Financial Services was established in 2008 and is based in Australia. Directshares holds licences including The Portuguese Securities Market Commission (CMVM), while Forex Financial Services is regulated by Australian Securities and investment Commission (ASIC) among others. Directshares serves 10,000+ clients worldwide; Forex Financial Services has 10,000+. The minimum deposit is $100 at Directshares and $2500 at Forex Financial Services.
| Feature | Directshares | Forex Financial Services |
|---|---|---|
| Min. Deposit | $100 | $2500 |
| Regulation | The Portuguese Securities Market Commission (CMVM) | Australian Securities and investment Commission (ASIC) |
| Founded | 2007 | 2008 |
| Country | Australia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Directshares and Forex Financial Services, directly affecting your bottom line as a trader. Directshares has a lower barrier to entry with a minimum deposit of $100 (vs $2500 at Forex Financial Services). Directshares charges withdrawal fees while Forex Financial Services does not, a notable advantage for frequent withdrawers. Directshares charges deposit fees; Forex Financial Services does not. Overall, Directshares scores higher on fees in our assessment.
| Feature | Directshares | Forex Financial Services |
|---|---|---|
| Min. Deposit | $100 | $2500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | No |
Platforms
Directshares 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 | Directshares | 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 | MT4,iOS,MacBook,iPhone | MT4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Directshares and Forex Financial Services compare. Directshares runs regular live webinars; Forex Financial Services does not. Directshares has a video library; Forex Financial Services does not. Directshares publishes daily market commentary; Forex Financial Services does not. Directshares integrates third-party research tools (Trading Central, Autochartist); Forex Financial Services does not. Directshares maintains an archive of past webinars for on-demand viewing. Directshares scores higher overall in education and research.
| Feature | Directshares | Forex Financial Services |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Directshares 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 | Directshares | 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 Directshares 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 | Directshares | Forex Financial Services |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |