eOption
fxcl markets
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Overview
eOption was founded in 2008 and is headquartered in USA, while fxcl markets was established in 2006 and is based in Cayman Islands. eOption holds licences including Unregulated, while fxcl markets is regulated by Financial Services Authority (FSA) number 1637 among others. eOption serves 10,000+ clients worldwide; fxcl markets has 10,000+. The minimum deposit is $500 at eOption and $250 at fxcl markets.
| Feature | eOption | fxcl markets |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Regulation | Unregulated | Financial Services Authority (FSA) number 1637 |
| Founded | 2008 | 2006 |
| Country | USA | Cayman Islands |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between eOption 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 eOption). eOption charges withdrawal fees while fxcl markets does not, a notable advantage for frequent withdrawers. eOption charges deposit fees; fxcl markets does not. Overall, fxcl markets scores higher on fees in our assessment.
| Feature | eOption | fxcl markets |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
eOption 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 eOption does not offer. The two brokers are closely matched on platform offering.
| Feature | eOption | 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 | DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | 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 eOption and fxcl markets compare. fxcl markets runs regular live webinars; eOption does not. Both provide video tutorials. fxcl markets publishes daily market commentary; eOption does not. Both integrate third-party research tools. fxcl markets maintains an archive of past webinars for on-demand viewing. fxcl markets scores higher overall in education and research.
| Feature | eOption | fxcl 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. eOption 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 | eOption | 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 eOption and fxcl markets offer live chat support. Both provide phone support. Email support is available at both brokers. eOption supports 2 languages and fxcl markets supports 8, giving fxcl markets broader global reach. Both brokers are comparable on support quality.
| Feature | eOption | 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 |