Ellevest
ForexTB
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Overview
Ellevest was founded in 2008 and is headquartered in USA, while ForexTB was established in 2015 and is based in Cyprus. Ellevest holds licences including Unregulated, while ForexTB is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Ellevest serves 10,000+ clients worldwide; ForexTB has 5,000+. The minimum deposit is $1 at Ellevest and $250 at ForexTB.
| Feature | Ellevest | ForexTB |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Regulation | Unregulated | Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 |
| Founded | 2008 | 2015 |
| Country | USA | Cyprus |
| Clients | 10,000+ | 5,000+ |
Fees
Fees are a critical factor when choosing between Ellevest and ForexTB, directly affecting your bottom line as a trader. Ellevest has a lower barrier to entry with a minimum deposit of $1 (vs $250 at ForexTB). Ellevest charges withdrawal fees while ForexTB does not, a notable advantage for frequent withdrawers. Ellevest applies inactivity fees on dormant accounts; ForexTB does not. Ellevest charges deposit fees; ForexTB does not. Overall, Ellevest scores higher on fees in our assessment.
| Feature | Ellevest | ForexTB |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Ellevest offers MT4, MT5, cTrader, while ForexTB supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Ellevest | ForexTB |
|---|---|---|
| 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, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ellevest and ForexTB compare. ForexTB runs regular live webinars; Ellevest does not. Both provide video tutorials. ForexTB publishes daily market commentary; Ellevest does not. Both integrate third-party research tools. ForexTB maintains an archive of past webinars for on-demand viewing. ForexTB scores higher overall in education and research.
| Feature | Ellevest | ForexTB |
|---|---|---|
| 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 ForexTB supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Ellevest | 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 Ellevest 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 | Ellevest | ForexTB |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |