Forex Financial Services
fx open
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Overview
Forex Financial Services was founded in 2008 and is headquartered in Australia, while fx open was established in 2019 and is based in Puerto Rico. Forex Financial Services holds licences including Australian Securities and investment Commission (ASIC), while fx open is regulated by Financial Conduct Authority (FCA) among others. Forex Financial Services serves 10,000+ clients worldwide; fx open has 60,000+. The minimum deposit is $2500 at Forex Financial Services and $250 at fx open.
| Feature | Forex Financial Services | fx open |
|---|---|---|
| Min. Deposit | $2500 | $250 |
| Regulation | Australian Securities and investment Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F238 |
| Founded | 2008 | 2019 |
| Country | Australia | Puerto Rico |
| Clients | 10,000+ | 60,000+ |
Fees
Fees are a critical factor when choosing between Forex Financial Services and fx open, directly affecting your bottom line as a trader. fx open 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; fx open does not. Overall, fx open scores higher on fees in our assessment.
| Feature | Forex Financial Services | fx open |
|---|---|---|
| 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 fx open supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex Financial Services supports social and copy trading features, which fx open does not offer. The two brokers are closely matched on platform offering.
| Feature | Forex Financial Services | fx open |
|---|---|---|
| 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, MT5, Mac, ZuluTrade, Web Trader, cTrader, 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 fx open compare. fx open runs regular live webinars; Forex Financial Services does not. fx open has a video library; Forex Financial Services does not. fx open publishes daily market commentary; Forex Financial Services does not. fx open integrates third-party research tools (Trading Central); Forex Financial Services does not. fx open maintains an archive of past webinars for on-demand viewing. fx open scores higher overall in education and research.
| Feature | Forex Financial Services | fx open |
|---|---|---|
| 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 fx open supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fx open uniquely supports PayPal and Skrill and Neteller among the two brokers. fx open scores higher on deposit and withdrawal flexibility.
| Feature | Forex Financial Services | fx open |
|---|---|---|
| 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 Forex Financial Services and fx open offer live chat support. Both provide phone support. Email support is available at both brokers. Forex Financial Services supports 2 languages and fx open supports 8, giving fx open broader global reach. Both brokers are comparable on support quality.
| Feature | Forex Financial Services | fx open |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |