Advanced Global Markets
fxcl markets
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Overview
Advanced Global Markets was founded in 1992 and is headquartered in Cyprus, while fxcl markets was established in 2006 and is based in Cayman Islands. Advanced Global Markets holds licences including Cyprus Securities and Exchange Commission (CySEC), while fxcl markets is regulated by Financial Services Authority (FSA) number 1637 among others. Advanced Global Markets serves 10,000+ clients worldwide; fxcl markets has 10,000+. The minimum deposit is $500 at Advanced Global Markets and $250 at fxcl markets.
| Feature | Advanced Global Markets | fxcl markets |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Services Authority (FSA) number 1637 |
| Founded | 1992 | 2006 |
| Country | Cyprus | Cayman Islands |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Advanced Global Markets and fxcl markets, directly affecting your bottom line as a trader. fxcl markets has a lower barrier to entry with a minimum deposit of $250 (vs $500 at Advanced Global Markets). Advanced Global Markets charges withdrawal fees while fxcl markets does not, a notable advantage for frequent withdrawers. Advanced Global Markets charges deposit fees; fxcl markets does not. Overall, fxcl markets scores higher on fees in our assessment.
| Feature | Advanced Global Markets | fxcl markets |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Advanced Global Markets offers MT4, MT5, cTrader, while fxcl markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. fxcl markets supports social and copy trading features, which Advanced Global Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | Advanced Global Markets | fxcl 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 | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Advanced Global Markets and fxcl markets 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. fxcl markets scores higher overall in education and research.
| Feature | Advanced Global Markets | fxcl markets |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Advanced Global Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while fxcl markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fxcl markets uniquely supports PayPal and Skrill and Neteller among the two brokers. fxcl markets scores higher on deposit and withdrawal flexibility.
| Feature | Advanced Global Markets | fxcl markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Advanced Global Markets and fxcl markets offer live chat support. Both provide phone support. Email support is available at both brokers. Advanced Global Markets supports 2 languages and fxcl markets supports 8, giving fxcl markets broader global reach. Both brokers are comparable on support quality.
| Feature | Advanced Global Markets | fxcl markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |