Forex Financial Services
Virtual Brokers
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Overview
Forex Financial Services was founded in 2008 and is headquartered in Australia, while Virtual Brokers was established in 2008 and is based in Canada. Forex Financial Services holds licences including Australian Securities and investment Commission (ASIC), while Virtual Brokers is regulated by The Investment Industry Regulatory Organization of Canada (IIROC) among others. Forex Financial Services serves 10,000+ clients worldwide; Virtual Brokers has 10,000+. The minimum deposit is $2500 at Forex Financial Services and $1000 at Virtual Brokers.
| Feature | Forex Financial Services | Virtual Brokers |
|---|---|---|
| Min. Deposit | $2500 | $1000 |
| Regulation | Australian Securities and investment Commission (ASIC) | The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF) |
| Founded | 2008 | 2008 |
| Country | Australia | Canada |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex Financial Services and Virtual Brokers, directly affecting your bottom line as a trader. Virtual Brokers has a lower barrier to entry with a minimum deposit of $1000 (vs $2500 at Forex Financial Services). Virtual Brokers charges withdrawal fees while Forex Financial Services does not, giving Forex Financial Services an edge for frequent withdrawers. Forex Financial Services charges deposit fees; Virtual Brokers does not. The two brokers are broadly comparable on fee structure.
| Feature | Forex Financial Services | Virtual Brokers |
|---|---|---|
| Min. Deposit | $2500 | $1000 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | No |
Platforms
Forex Financial Services offers MT4, MT5, cTrader, while Virtual Brokers 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 Financial Services | Virtual Brokers |
|---|---|---|
| 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,Desktop,iPhone/iOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex Financial Services and Virtual Brokers compare. Virtual Brokers runs regular live webinars; Forex Financial Services does not. Virtual Brokers has a video library; Forex Financial Services does not. Virtual Brokers publishes daily market commentary; Forex Financial Services does not. Virtual Brokers integrates third-party research tools (Trading Central, Autochartist); Forex Financial Services does not. Virtual Brokers maintains an archive of past webinars for on-demand viewing. Virtual Brokers scores higher overall in education and research.
| Feature | Forex Financial Services | Virtual Brokers |
|---|---|---|
| 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 Virtual Brokers supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Forex Financial Services | Virtual Brokers |
|---|---|---|
| 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 Virtual Brokers 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 | Virtual Brokers |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |