Forex Financial Services
XGLOBAL Markets
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 XGLOBAL Markets was established in 2008 and is based in Cyprus. Forex Financial Services holds licences including Australian Securities and investment Commission (ASIC), while XGLOBAL Markets is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Forex Financial Services serves 10,000+ clients worldwide; XGLOBAL Markets has 10,000+. The minimum deposit is $2500 at Forex Financial Services and $500 at XGLOBAL Markets.
| Feature | Forex Financial Services | XGLOBAL Markets |
|---|---|---|
| Min. Deposit | $2500 | $500 |
| Regulation | Australian Securities and investment Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2008 |
| Country | Australia | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex Financial Services and XGLOBAL Markets, directly affecting your bottom line as a trader. Forex Financial Services has a lower barrier to entry with a minimum deposit of $2500 (vs $500 at XGLOBAL Markets). XGLOBAL Markets charges withdrawal fees while Forex Financial Services does not, giving Forex Financial Services an edge for frequent withdrawers. Forex Financial Services charges deposit fees; XGLOBAL Markets does not. The two brokers are broadly comparable on fee structure.
| Feature | Forex Financial Services | XGLOBAL Markets |
|---|---|---|
| Min. Deposit | $2500 | $500 |
| 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 XGLOBAL Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex Financial Services supports social and copy trading features, which XGLOBAL Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | Forex Financial Services | XGLOBAL Markets |
|---|---|---|
| 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,iOS,Android |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex Financial Services and XGLOBAL Markets compare. XGLOBAL Markets has a video library; Forex Financial Services does not. XGLOBAL Markets integrates third-party research tools (Autochartist); Forex Financial Services does not. XGLOBAL Markets scores higher overall in education and research.
| Feature | Forex Financial Services | XGLOBAL Markets |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| 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 XGLOBAL Markets supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Forex Financial Services | XGLOBAL Markets |
|---|---|---|
| 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 XGLOBAL Markets 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 | XGLOBAL Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |