Uphold
Westpac
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Overview
Uphold was founded in 2013 and is headquartered in United States, while Westpac was established in 2008 and is based in Austrailia. Uphold holds licences including FCA and FINCEN: Uphold Europe Limited, while Westpac is regulated by Financial Conduct Authority (FCA) among others. Uphold serves 4,000,000+ clients worldwide; Westpac has 10,000+. The minimum deposit is $1 at Uphold and $50 at Westpac.
| Feature | Uphold | Westpac |
|---|---|---|
| Min. Deposit | $1 | $50 |
| Regulation | FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 | Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) |
| Founded | 2013 | 2008 |
| Country | United States | Austrailia |
| Clients | 4,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Uphold and Westpac, directly affecting your bottom line as a trader. Uphold has a lower barrier to entry with a minimum deposit of $1 (vs $50 at Westpac). Neither broker charges withdrawal fees. Westpac charges deposit fees; Uphold does not. The two brokers are broadly comparable on fee structure.
| Feature | Uphold | Westpac |
|---|---|---|
| Min. Deposit | $1 | $50 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Uphold offers a proprietary platform, while Westpac supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Westpac supports social and copy trading features, which Uphold does not offer. Westpac edges ahead on platform breadth and functionality in our scoring.
| Feature | Uphold | Westpac |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web, Desktop & 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 Uphold and Westpac compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Westpac publishes daily market commentary; Uphold does not. Westpac integrates third-party research tools (Trading Central, Autochartist); Uphold does not. Archived webinars are available at both brokers for self-paced learning. Westpac scores higher overall in education and research.
| Feature | Uphold | Westpac |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | Yes | 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. Uphold 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 | Uphold | 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 Uphold and Westpac offer live chat support. Westpac offers phone support; Uphold does not. Email support is available at both brokers. Uphold supports 1 language and Westpac supports 2, giving Westpac broader global reach. Westpac scores higher overall on customer support in our assessment.
| Feature | Uphold | Westpac |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | No | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, and Chinese |