Directshares
ForexTB
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Overview
Directshares was founded in 2007 and is headquartered in Australia, while ForexTB was established in 2015 and is based in Cyprus. Directshares holds licences including The Portuguese Securities Market Commission (CMVM), while ForexTB is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Directshares serves 10,000+ clients worldwide; ForexTB has 5,000+. The minimum deposit is $100 at Directshares and $250 at ForexTB.
| Feature | Directshares | ForexTB |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | The Portuguese Securities Market Commission (CMVM) | Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 |
| Founded | 2007 | 2015 |
| Country | Australia | Cyprus |
| Clients | 10,000+ | 5,000+ |
Fees
Fees are a critical factor when choosing between Directshares and ForexTB, directly affecting your bottom line as a trader. Directshares has a lower barrier to entry with a minimum deposit of $100 (vs $250 at ForexTB). Directshares charges withdrawal fees while ForexTB does not, a notable advantage for frequent withdrawers. Directshares charges deposit fees; ForexTB does not. Overall, Directshares scores higher on fees in our assessment.
| Feature | Directshares | ForexTB |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
Directshares offers MT4, MT5, cTrader, while ForexTB supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Directshares supports social and copy trading features, which ForexTB does not offer. The two brokers are closely matched on platform offering.
| Feature | Directshares | ForexTB |
|---|---|---|
| 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, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Directshares and ForexTB 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. Directshares scores higher overall in education and research.
| Feature | Directshares | ForexTB |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| 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 ForexTB supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Directshares | ForexTB |
|---|---|---|
| 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 ForexTB 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 | ForexTB |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |