Forex Financial Services
Nadex
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Overview
Forex Financial Services was founded in 2008 and is headquartered in Australia, while Nadex was established in 2008 and is based in USA. Forex Financial Services holds licences including Australian Securities and investment Commission (ASIC), while Nadex is regulated by Unregulated among others. Forex Financial Services serves 10,000+ clients worldwide; Nadex has 10,000+. The minimum deposit is $2500 at Forex Financial Services and $250 at Nadex.
| Feature | Forex Financial Services | Nadex |
|---|---|---|
| Min. Deposit | $2500 | $250 |
| Regulation | Australian Securities and investment Commission (ASIC) | Unregulated |
| Founded | 2008 | 2008 |
| Country | Australia | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex Financial Services and Nadex, directly affecting your bottom line as a trader. Nadex has a lower barrier to entry with a minimum deposit of $250 (vs $2500 at Forex Financial Services). Neither broker charges withdrawal fees. Nadex applies inactivity fees on dormant accounts; Forex Financial Services does not. Forex Financial Services charges deposit fees; Nadex does not. The two brokers are broadly comparable on fee structure.
| Feature | Forex Financial Services | Nadex |
|---|---|---|
| Min. Deposit | $2500 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | No | Yes |
Platforms
Forex Financial Services offers MT4, MT5, cTrader, while Nadex supports 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. Forex Financial Services edges ahead on platform breadth and functionality in our scoring.
| Feature | Forex Financial Services | Nadex |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4 | Web,iPad,mac,Desktop,iPhoneiOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex Financial Services and Nadex compare. The two brokers are evenly matched on educational content.
| Feature | Forex Financial Services | Nadex |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| 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 Nadex supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Forex Financial Services | Nadex |
|---|---|---|
| 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 Nadex 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 | Nadex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |