Fidelity
ForexVox
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Overview
Fidelity was founded in 2008 and is headquartered in USA, while ForexVox was established in 2019 and is based in UK. Fidelity holds licences including Financial Conduct Authority (FCA), while ForexVox is regulated by Financial Conduct Authority (FCA) in the United Kingdom among others. Fidelity serves 10,000+ clients worldwide; ForexVox has 10,000+. The minimum deposit is $100 at Fidelity and $0 at ForexVox.
| Feature | Fidelity | ForexVox |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Regulation | Financial Conduct Authority (FCA), Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC) | 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 Fidelity and ForexVox, directly affecting your bottom line as a trader. ForexVox has a lower barrier to entry with a minimum deposit of $0 (vs $100 at Fidelity). ForexVox charges withdrawal fees while Fidelity does not, giving Fidelity an edge for frequent withdrawers. Fidelity applies inactivity fees on dormant accounts; ForexVox does not. Overall, ForexVox scores higher on fees in our assessment.
| Feature | Fidelity | ForexVox |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Fidelity offers MT5, cTrader, while ForexVox supports MT4, MT5. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. Fidelity edges ahead on platform breadth and functionality in our scoring.
| Feature | Fidelity | ForexVox |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | Yes |
| Trading Platforms | iPad, iPhone, Android, Windows Phone 8 device, Website, Trader Pro | MT4, MT5 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Fidelity and ForexVox compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Fidelity integrates third-party research tools (Trading Central); ForexVox does not. Fidelity maintains an archive of past webinars for on-demand viewing. ForexVox scores higher overall in education and research.
| Feature | Fidelity | ForexVox |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Fidelity 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 | Fidelity | 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 Fidelity and ForexVox offer live chat support. Both provide phone support. Email support is available at both brokers. Fidelity supports 2 languages and ForexVox supports 4, giving ForexVox broader global reach. Both brokers are comparable on support quality.
| Feature | Fidelity | ForexVox |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Russian, Indonesian, Malaysian |