ETFinance
Forex Financial Services
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Overview
ETFinance was founded in 2018 and is headquartered in Cyprus, while Forex Financial Services was established in 2008 and is based in Australia. ETFinance holds licences including Cyprus Securities and Exchange Commission (CySEC), while Forex Financial Services is regulated by Australian Securities and investment Commission (ASIC) among others. ETFinance serves 10,000+ clients worldwide; Forex Financial Services has 10,000+. The minimum deposit is $215 at ETFinance and $2500 at Forex Financial Services.
| Feature | ETFinance | Forex Financial Services |
|---|---|---|
| Min. Deposit | $215 | $2500 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and investment Commission (ASIC) |
| Founded | 2018 | 2008 |
| Country | Cyprus | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ETFinance and Forex Financial Services, directly affecting your bottom line as a trader. ETFinance has a lower barrier to entry with a minimum deposit of $215 (vs $2500 at Forex Financial Services). Neither broker charges withdrawal fees. ETFinance charges deposit fees; Forex Financial Services does not. The two brokers are broadly comparable on fee structure.
| Feature | ETFinance | Forex Financial Services |
|---|---|---|
| Min. Deposit | $215 | $2500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
ETFinance 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 ETFinance does not offer. The two brokers are closely matched on platform offering.
| Feature | ETFinance | 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 | MT4,iOS,MacBook,iPhone | MT4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ETFinance and Forex Financial Services compare. ETFinance runs regular live webinars; Forex Financial Services does not. ETFinance has a video library; Forex Financial Services does not. ETFinance publishes daily market commentary; Forex Financial Services does not. ETFinance integrates third-party research tools (Trading Central, Autochartist); Forex Financial Services does not. ETFinance maintains an archive of past webinars for on-demand viewing. ETFinance scores higher overall in education and research.
| Feature | ETFinance | Forex Financial Services |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ETFinance 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 | ETFinance | 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 ETFinance 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 | ETFinance | Forex Financial Services |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |