Ellevest
FXCM
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Overview
Ellevest was founded in 2008 and is headquartered in USA, while FXCM was established in 1999 and is based in United States. Ellevest holds licences including Unregulated, while FXCM is regulated by Financial Conduct Authority (FCA) among others. Ellevest serves 10,000+ clients worldwide; FXCM has 10,000+. Both brokers share the same minimum deposit of $1.
| Feature | Ellevest | FXCM |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Regulation | Unregulated | Financial Conduct Authority (FCA) |
| Founded | 2008 | 1999 |
| Country | USA | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Ellevest and FXCM, directly affecting your bottom line as a trader. Both require a minimum deposit of $1. Ellevest charges withdrawal fees while FXCM does not, a notable advantage for frequent withdrawers. Ellevest applies inactivity fees on dormant accounts; FXCM does not. Ellevest charges deposit fees; FXCM does not. Overall, FXCM scores higher on fees in our assessment.
| Feature | Ellevest | FXCM |
|---|---|---|
| Min. Deposit | $1 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Ellevest offers MT4, MT5, cTrader, while FXCM supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Ellevest | FXCM |
|---|---|---|
| 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, Mirror Trader, Web Trader, NinjaTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ellevest and FXCM compare. FXCM runs regular live webinars; Ellevest does not. Both provide video tutorials. FXCM publishes daily market commentary; Ellevest does not. Both integrate third-party research tools. FXCM maintains an archive of past webinars for on-demand viewing. FXCM scores higher overall in education and research.
| Feature | Ellevest | FXCM |
|---|---|---|
| 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 FXCM supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Ellevest | FXCM |
|---|---|---|
| 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 Ellevest and FXCM 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 | Ellevest | FXCM |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |