Ellevest
Forex.com
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Overview
Ellevest was founded in 2008 and is headquartered in USA, while Forex.com was established in 2001 and is based in United States. Ellevest holds licences including Unregulated, while Forex.com is regulated by Financial Conduct Authority (FCA) among others. Ellevest serves 10,000+ clients worldwide; Forex.com has 150,000+. The minimum deposit is $1 at Ellevest and Typical at Forex.com.
| Feature | Ellevest | Forex.com |
|---|---|---|
| Min. Deposit | $1 | Typical |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) |
| Founded | 2008 | 2001 |
| Country | USA | United States |
| Clients | 10,000+ | 150,000+ |
Fees
Fees are a critical factor when choosing between Ellevest and Forex.com, directly affecting your bottom line as a trader. Ellevest has a lower barrier to entry with a minimum deposit of $1 (vs Typical at Forex.com). Both brokers charge withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Ellevest charges deposit fees; Forex.com does not. Overall, Ellevest scores higher on fees in our assessment.
| Feature | Ellevest | Forex.com |
|---|---|---|
| Min. Deposit | $1 | Typical |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Ellevest offers MT4, MT5, cTrader, while Forex.com supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex.com supports social and copy trading features, which Ellevest does not offer. The two brokers are closely matched on platform offering.
| Feature | Ellevest | Forex.com |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Windows, Android, Mac OS, iOS | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ellevest and Forex.com compare. Forex.com runs regular live webinars; Ellevest does not. Both provide video tutorials. Forex.com publishes daily market commentary; Ellevest does not. Both integrate third-party research tools. Forex.com maintains an archive of past webinars for on-demand viewing. Forex.com scores higher overall in education and research.
| Feature | Ellevest | Forex.com |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Ellevest accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Forex.com supports 3 (bank transfer, credit/debit card, PayPal). Forex.com uniquely supports PayPal among the two brokers. Forex.com scores higher on deposit and withdrawal flexibility.
| Feature | Ellevest | Forex.com |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| 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 Ellevest and Forex.com offer live chat support. Both provide phone support. Email support is available at both brokers. Ellevest supports 2 languages and Forex.com supports 3, giving Forex.com broader global reach. Both brokers are comparable on support quality.
| Feature | Ellevest | Forex.com |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Chinese, Arabic |