eOption
ForexVox
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Overview
eOption was founded in 2008 and is headquartered in USA, while ForexVox was established in 2019 and is based in UK. eOption holds licences including Unregulated, while ForexVox is regulated by Financial Conduct Authority (FCA) in the United Kingdom among others. eOption serves 10,000+ clients worldwide; ForexVox has 10,000+. The minimum deposit is $500 at eOption and $0 at ForexVox.
| Feature | eOption | ForexVox |
|---|---|---|
| Min. Deposit | $500 | $0 |
| Regulation | Unregulated | Financial Conduct Authority (FCA) in the United Kingdom, FCA Register no: 586541, Financial Services Authority in Seychelles No: SD028 |
| Founded | 2008 | 2019 |
| Country | USA | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between eOption and ForexVox, directly affecting your bottom line as a trader. ForexVox has a lower barrier to entry with a minimum deposit of $0 (vs $500 at eOption). Both brokers charge withdrawal fees. eOption charges deposit fees; ForexVox does not. Overall, ForexVox scores higher on fees in our assessment.
| Feature | eOption | ForexVox |
|---|---|---|
| Min. Deposit | $500 | $0 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
eOption offers MT4, MT5, cTrader, while ForexVox supports MT4, MT5. Both brokers provide mobile trading apps for iOS and Android. ForexVox supports social and copy trading features, which eOption does not offer. eOption edges ahead on platform breadth and functionality in our scoring.
| Feature | eOption | ForexVox |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | Yes |
| Trading Platforms | DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | MT4, MT5 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how eOption and ForexVox compare. ForexVox runs regular live webinars; eOption does not. Both provide video tutorials. ForexVox publishes daily market commentary; eOption does not. eOption integrates third-party research tools (Autochartist); ForexVox does not. ForexVox scores higher overall in education and research.
| Feature | eOption | ForexVox |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| 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 ForexVox supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). ForexVox uniquely supports PayPal and Skrill and Neteller among the two brokers. ForexVox scores higher on deposit and withdrawal flexibility.
| Feature | eOption | ForexVox |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both eOption and ForexVox offer live chat support. Both provide phone support. Email support is available at both brokers. eOption supports 2 languages and ForexVox supports 4, giving ForexVox broader global reach. Both brokers are comparable on support quality.
| Feature | eOption | ForexVox |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Russian, Indonesian, Malaysian |