Trade Zero
Westpac
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Overview
Trade Zero was founded in 2014 and is headquartered in Bahamas, while Westpac was established in 2008 and is based in Austrailia. Trade Zero holds licences including Securities Commission of the Bahamas (SCB), while Westpac is regulated by Financial Conduct Authority (FCA) among others. Trade Zero serves 2,000+ clients worldwide; Westpac has 10,000+. The minimum deposit is $500 at Trade Zero and $50 at Westpac.
| Feature | Trade Zero | Westpac |
|---|---|---|
| Min. Deposit | $500 | $50 |
| Regulation | Securities Commission of the Bahamas (SCB) | Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) |
| Founded | 2014 | 2008 |
| Country | Bahamas | Austrailia |
| Clients | 2,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Trade Zero and Westpac, directly affecting your bottom line as a trader. Westpac has a lower barrier to entry with a minimum deposit of $50 (vs $500 at Trade Zero). Neither broker charges withdrawal fees. Westpac charges deposit fees; Trade Zero does not. Overall, Westpac scores higher on fees in our assessment.
| Feature | Trade Zero | Westpac |
|---|---|---|
| Min. Deposit | $500 | $50 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Trade Zero offers 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. Westpac edges ahead on platform breadth and functionality in our scoring.
| Feature | Trade Zero | Westpac |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, 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 Trade Zero 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 | Trade Zero | 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. Trade Zero accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Westpac supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Trade Zero | Westpac |
|---|---|---|
| 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 Trade Zero and Westpac 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 | Trade Zero | Westpac |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |