Forex.com
WIT Invest
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Overview
Forex.com was founded in 2001 and is headquartered in United States, while WIT Invest was established in 2008 and is based in Saint Vincent and the Grenadines. Forex.com holds licences including Financial Conduct Authority (FCA), while WIT Invest is regulated by Unregulated among others. Forex.com serves 150,000+ clients worldwide; WIT Invest has 10,000+. The minimum deposit is Typical at Forex.com and $100 at WIT Invest.
| Feature | Forex.com | WIT Invest |
|---|---|---|
| Min. Deposit | Typical | $100 |
| Regulation | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) | Unregulated |
| Founded | 2001 | 2008 |
| Country | United States | Saint Vincent and the Grenadines |
| Clients | 150,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex.com and WIT Invest, directly affecting your bottom line as a trader. WIT Invest has a lower barrier to entry with a minimum deposit of $100 (vs Typical at Forex.com). Forex.com charges withdrawal fees while WIT Invest does not, a notable advantage for frequent withdrawers. Forex.com applies inactivity fees on dormant accounts; WIT Invest does not. Forex.com charges deposit fees; WIT Invest does not. Overall, WIT Invest scores higher on fees in our assessment.
| Feature | Forex.com | WIT Invest |
|---|---|---|
| Min. Deposit | Typical | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Forex.com offers MT4, MT5, cTrader, while WIT Invest supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | Forex.com | WIT Invest |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps | Desktop, Tablet & Mobile apps,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex.com and WIT Invest compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | Forex.com | WIT Invest |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forex.com accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while WIT Invest supports 2 (bank transfer, credit/debit card). Forex.com uniquely supports PayPal among the two brokers. Forex.com scores higher on deposit and withdrawal flexibility.
| Feature | Forex.com | WIT Invest |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | 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 Forex.com and WIT Invest offer live chat support. Both provide phone support. Email support is available at both brokers. Forex.com supports 3 languages and WIT Invest supports 2, giving Forex.com broader global reach. Both brokers are comparable on support quality.
| Feature | Forex.com | WIT Invest |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese, Arabic | English, and Chinese |