eOption
Forex Financial Services
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
eOption was founded in 2008 and is headquartered in USA, while Forex Financial Services was established in 2008 and is based in Australia. eOption holds licences including Unregulated, while Forex Financial Services is regulated by Australian Securities and investment Commission (ASIC) among others. eOption serves 10,000+ clients worldwide; Forex Financial Services has 10,000+. The minimum deposit is $500 at eOption and $2500 at Forex Financial Services.
| Feature | eOption | Forex Financial Services |
|---|---|---|
| Min. Deposit | $500 | $2500 |
| Regulation | Unregulated | Australian Securities and investment Commission (ASIC) |
| Founded | 2008 | 2008 |
| Country | USA | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between eOption and Forex Financial Services, directly affecting your bottom line as a trader. Forex Financial Services has a lower barrier to entry with a minimum deposit of $2500 (vs $500 at eOption). eOption charges withdrawal fees while Forex Financial Services does not, a notable advantage for frequent withdrawers. eOption charges deposit fees; Forex Financial Services does not. The two brokers are broadly comparable on fee structure.
| Feature | eOption | Forex Financial Services |
|---|---|---|
| Min. Deposit | $500 | $2500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | No |
Platforms
eOption offers MT4, MT5, cTrader, while Forex Financial Services supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex Financial Services supports social and copy trading features, which eOption does not offer. The two brokers are closely matched on platform offering.
| Feature | eOption | 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 | DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | MT4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how eOption and Forex Financial Services compare. eOption has a video library; Forex Financial Services does not. eOption integrates third-party research tools (Autochartist); Forex Financial Services does not. eOption scores higher overall in education and research.
| Feature | eOption | Forex Financial Services |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. eOption 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 | eOption | 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 eOption 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 | eOption | Forex Financial Services |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |