fxdd
Westpac
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Overview
fxdd was founded in 2010 and is headquartered in Belize, while Westpac was established in 2008 and is based in Austrailia. fxdd holds licences including Malta Financial Services Authority MFSA IS/48817. Financial Services Commission, while Westpac is regulated by Financial Conduct Authority (FCA) among others. fxdd serves 14,000,000+ clients worldwide; Westpac has 10,000+. The minimum deposit is $250 at fxdd and $50 at Westpac.
| Feature | fxdd | Westpac |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Regulation | Malta Financial Services Authority MFSA IS/48817. Financial Services Commission, Mauritius. License Number C117017252 | Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) |
| Founded | 2010 | 2008 |
| Country | Belize | Austrailia |
| Clients | 14,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between fxdd and Westpac, directly affecting your bottom line as a trader. fxdd has a lower barrier to entry with a minimum deposit of $250 (vs $50 at Westpac). Neither broker charges withdrawal fees. Westpac charges deposit fees; fxdd does not. Overall, Westpac scores higher on fees in our assessment.
| Feature | fxdd | Westpac |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
fxdd offers MT4, MT5, cTrader, while Westpac 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 | fxdd | Westpac |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | Desktop,Mac,iPhone,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how fxdd and Westpac compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | fxdd | Westpac |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. fxdd accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Westpac supports 2 (bank transfer, credit/debit card). fxdd uniquely supports PayPal and Skrill and Neteller among the two brokers. fxdd scores higher on deposit and withdrawal flexibility.
| Feature | fxdd | Westpac |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both fxdd and Westpac offer live chat support. Both provide phone support. Email support is available at both brokers. fxdd supports 8 languages and Westpac supports 2, giving fxdd broader global reach. Both brokers are comparable on support quality.
| Feature | fxdd | Westpac |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |