Forex Financial Services
Startrader
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Forex Financial Services was founded in 2008 and is headquartered in Australia, while Startrader was established in 2011 and is based in Hong Kong. Forex Financial Services holds licences including Australian Securities and investment Commission (ASIC), while Startrader is regulated by Financial Conduct Authority (FCA) among others. Forex Financial Services serves 10,000+ clients worldwide; Startrader has 500,000 +. The minimum deposit is $2500 at Forex Financial Services and $50 at Startrader.
| Feature | Forex Financial Services | Startrader |
|---|---|---|
| Min. Deposit | $2500 | $50 |
| Regulation | Australian Securities and investment Commission (ASIC) | Financial Conduct Authority (FCA), Saint Vincent and Grenadines (SVG) and Financial Services Authority Seychelles (FSA) |
| Founded | 2008 | 2011 |
| Country | Australia | Hong Kong |
| Clients | 10,000+ | 500,000 + |
Fees
Fees are a critical factor when choosing between Forex Financial Services and Startrader, directly affecting your bottom line as a trader. Forex Financial Services has a lower barrier to entry with a minimum deposit of $2500 (vs $50 at Startrader). Startrader charges withdrawal fees while Forex Financial Services does not, giving Forex Financial Services an edge for frequent withdrawers. Forex Financial Services charges deposit fees; Startrader does not. Overall, Startrader scores higher on fees in our assessment.
| Feature | Forex Financial Services | Startrader |
|---|---|---|
| Min. Deposit | $2500 | $50 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | Yes |
Platforms
Forex Financial Services offers MT4, MT5, cTrader, while Startrader supports MT4, MT5, cTrader. Forex Financial Services offers a mobile trading app; mobile availability for Startrader is limited. 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 | Startrader |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | MT4 | MT4, MT5 and Web Trader |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex Financial Services and Startrader compare. Startrader runs regular live webinars; Forex Financial Services does not. Startrader has a video library; Forex Financial Services does not. Startrader publishes daily market commentary; Forex Financial Services does not. Startrader integrates third-party research tools (Trading Central, Autochartist); Forex Financial Services does not. Startrader maintains an archive of past webinars for on-demand viewing. Startrader scores higher overall in education and research.
| Feature | Forex Financial Services | Startrader |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
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 Startrader supports 4 (bank transfer, credit/debit card, Skrill, Neteller). Startrader uniquely supports Skrill and Neteller among the two brokers. Startrader scores higher on deposit and withdrawal flexibility.
| Feature | Forex Financial Services | Startrader |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| 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 Startrader 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 | Startrader |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Chinese |