Forex Financial Services
Zacks Trade
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Overview
Forex Financial Services was founded in 2008 and is headquartered in Australia, while Zacks Trade was established in 2008 and is based in United States. Forex Financial Services holds licences including Australian Securities and investment Commission (ASIC), while Zacks Trade is regulated by Unregulated among others. Forex Financial Services serves 10,000+ clients worldwide; Zacks Trade has 10,000+. Both brokers share the same minimum deposit of $2500.
| Feature | Forex Financial Services | Zacks Trade |
|---|---|---|
| Min. Deposit | $2500 | $2500 |
| Regulation | Australian Securities and investment Commission (ASIC) | Unregulated |
| Founded | 2008 | 2008 |
| Country | Australia | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex Financial Services and Zacks Trade, directly affecting your bottom line as a trader. Both require a minimum deposit of $2500. Neither broker charges withdrawal fees. Forex Financial Services charges deposit fees; Zacks Trade does not. The two brokers are broadly comparable on fee structure.
| Feature | Forex Financial Services | Zacks Trade |
|---|---|---|
| Min. Deposit | $2500 | $2500 |
| 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 Zacks Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex Financial Services supports social and copy trading features, which Zacks Trade does not offer. The two brokers are closely matched on platform offering.
| Feature | Forex Financial Services | Zacks Trade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4 | Android,iPhone/iPad,Tablet |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex Financial Services and Zacks Trade compare. Zacks Trade runs regular live webinars; Forex Financial Services does not. Zacks Trade has a video library; Forex Financial Services does not. Zacks Trade publishes daily market commentary; Forex Financial Services does not. Zacks Trade integrates third-party research tools (Trading Central, Autochartist); Forex Financial Services does not. Zacks Trade maintains an archive of past webinars for on-demand viewing. Zacks Trade scores higher overall in education and research.
| Feature | Forex Financial Services | Zacks Trade |
|---|---|---|
| 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 Zacks Trade supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Forex Financial Services | Zacks Trade |
|---|---|---|
| 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 Zacks Trade 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 | Zacks Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |