Forex Financial Services
ForexTB
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Overview
Forex Financial Services was founded in 2008 and is headquartered in Australia, while ForexTB was established in 2015 and is based in Cyprus. Forex Financial Services holds licences including Australian Securities and investment Commission (ASIC), while ForexTB is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Forex Financial Services serves 10,000+ clients worldwide; ForexTB has 5,000+. The minimum deposit is $2500 at Forex Financial Services and $250 at ForexTB.
| Feature | Forex Financial Services | ForexTB |
|---|---|---|
| Min. Deposit | $2500 | $250 |
| Regulation | Australian Securities and investment Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 |
| Founded | 2008 | 2015 |
| Country | Australia | Cyprus |
| Clients | 10,000+ | 5,000+ |
Fees
Fees are a critical factor when choosing between Forex Financial Services and ForexTB, directly affecting your bottom line as a trader. ForexTB has a lower barrier to entry with a minimum deposit of $250 (vs $2500 at Forex Financial Services). Neither broker charges withdrawal fees. Forex Financial Services charges deposit fees; ForexTB does not. Overall, ForexTB scores higher on fees in our assessment.
| Feature | Forex Financial Services | ForexTB |
|---|---|---|
| Min. Deposit | $2500 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
Forex Financial Services offers MT4, MT5, cTrader, while ForexTB supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex Financial Services supports social and copy trading features, which ForexTB does not offer. The two brokers are closely matched on platform offering.
| Feature | Forex Financial Services | ForexTB |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4 | MT4, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex Financial Services and ForexTB compare. ForexTB runs regular live webinars; Forex Financial Services does not. ForexTB has a video library; Forex Financial Services does not. ForexTB publishes daily market commentary; Forex Financial Services does not. ForexTB integrates third-party research tools (Trading Central); Forex Financial Services does not. ForexTB maintains an archive of past webinars for on-demand viewing. ForexTB scores higher overall in education and research.
| Feature | Forex Financial Services | ForexTB |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forex Financial Services accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while ForexTB supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Forex Financial Services | ForexTB |
|---|---|---|
| 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 Forex Financial Services and ForexTB 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 | Forex Financial Services | ForexTB |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |