Forex Financial Services
WIT Invest
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Overview
Forex Financial Services was founded in 2008 and is headquartered in Australia, while WIT Invest was established in 2008 and is based in Saint Vincent and the Grenadines. Forex Financial Services holds licences including Australian Securities and investment Commission (ASIC), while WIT Invest is regulated by Unregulated among others. Forex Financial Services serves 10,000+ clients worldwide; WIT Invest has 10,000+. The minimum deposit is $2500 at Forex Financial Services and $100 at WIT Invest.
| Feature | Forex Financial Services | WIT Invest |
|---|---|---|
| Min. Deposit | $2500 | $100 |
| Regulation | Australian Securities and investment Commission (ASIC) | Unregulated |
| Founded | 2008 | 2008 |
| Country | Australia | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex Financial Services and WIT Invest, directly affecting your bottom line as a trader. WIT Invest has a lower barrier to entry with a minimum deposit of $100 (vs $2500 at Forex Financial Services). Neither broker charges withdrawal fees. Forex Financial Services charges deposit fees; WIT Invest does not. Overall, WIT Invest scores higher on fees in our assessment.
| Feature | Forex Financial Services | WIT Invest |
|---|---|---|
| Min. Deposit | $2500 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
Forex Financial Services offers MT4, MT5, cTrader, while WIT Invest 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 | WIT Invest |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4 | Desktop, Tablet & Mobile apps,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex Financial Services and WIT Invest compare. WIT Invest runs regular live webinars; Forex Financial Services does not. WIT Invest has a video library; Forex Financial Services does not. WIT Invest publishes daily market commentary; Forex Financial Services does not. WIT Invest integrates third-party research tools (Trading Central); Forex Financial Services does not. WIT Invest maintains an archive of past webinars for on-demand viewing. WIT Invest scores higher overall in education and research.
| Feature | Forex Financial Services | WIT Invest |
|---|---|---|
| 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 WIT Invest supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Forex Financial Services | WIT Invest |
|---|---|---|
| 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 WIT Invest 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 | WIT Invest |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |