Ellevest
fx global markets
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Overview
Ellevest was founded in 2008 and is headquartered in USA, while fx global markets was established in 2017 and is based in United States. Ellevest holds licences including Unregulated, while fx global markets is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Ellevest serves 10,000+ clients worldwide; fx global markets has 10,000+. The minimum deposit is $1 at Ellevest and $250 at fx global markets.
| Feature | Ellevest | fx global markets |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Regulation | Unregulated | Cyprus Securities and Exchange Commission (CySEC), with CIF license No. 242/14 |
| Founded | 2008 | 2017 |
| Country | USA | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Ellevest and fx global markets, directly affecting your bottom line as a trader. Ellevest has a lower barrier to entry with a minimum deposit of $1 (vs $250 at fx global markets). Both brokers charge withdrawal fees. Ellevest applies inactivity fees on dormant accounts; fx global markets does not. Ellevest charges deposit fees; fx global markets does not. Overall, Ellevest scores higher on fees in our assessment.
| Feature | Ellevest | fx global markets |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
Ellevest offers MT4, MT5, cTrader, while fx global markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. fx global markets supports social and copy trading features, which Ellevest does not offer. The two brokers are closely matched on platform offering.
| Feature | Ellevest | fx global markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Windows, Android, Mac OS, iOS | 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 Ellevest and fx global markets compare. fx global markets runs regular live webinars; Ellevest does not. Both provide video tutorials. fx global markets publishes daily market commentary; Ellevest does not. Both integrate third-party research tools. fx global markets maintains an archive of past webinars for on-demand viewing. fx global markets scores higher overall in education and research.
| Feature | Ellevest | fx global markets |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Ellevest accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while fx global markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fx global markets uniquely supports PayPal and Skrill and Neteller among the two brokers. fx global markets scores higher on deposit and withdrawal flexibility.
| Feature | Ellevest | fx global 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 Ellevest and fx global markets offer live chat support. Both provide phone support. Email support is available at both brokers. Ellevest supports 2 languages and fx global markets supports 8, giving fx global markets broader global reach. Both brokers are comparable on support quality.
| Feature | Ellevest | fx global 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 |