fxcl markets
GDMFX
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Overview
fxcl markets was founded in 2006 and is headquartered in Cayman Islands, while GDMFX was established in 2012 and is based in Anguilla. fxcl markets holds licences including Financial Services Authority (FSA) number 1637, while GDMFX is regulated by Unregulated among others. fxcl markets serves 10,000+ clients worldwide; GDMFX has 10,000+. The minimum deposit is $250 at fxcl markets and $100 at GDMFX.
| Feature | fxcl markets | GDMFX |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | Financial Services Authority (FSA) number 1637 | Unregulated |
| Founded | 2006 | 2012 |
| Country | Cayman Islands | Anguilla |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between fxcl markets and GDMFX, directly affecting your bottom line as a trader. GDMFX has a lower barrier to entry with a minimum deposit of $100 (vs $250 at fxcl markets). Neither broker charges withdrawal fees. GDMFX charges deposit fees; fxcl markets does not. Overall, GDMFX scores higher on fees in our assessment.
| Feature | fxcl markets | GDMFX |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
fxcl markets offers MT4, MT5, cTrader, while GDMFX supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | fxcl markets | GDMFX |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how fxcl markets and GDMFX compare. fxcl markets runs regular live webinars; GDMFX does not. Both provide video tutorials. fxcl markets publishes daily market commentary; GDMFX 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 | fxcl markets | GDMFX |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. fxcl markets accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while GDMFX supports 2 (bank transfer, credit/debit card). fxcl markets uniquely supports PayPal and Skrill and Neteller among the two brokers. fxcl markets scores higher on deposit and withdrawal flexibility.
| Feature | fxcl markets | GDMFX |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both fxcl markets and GDMFX offer live chat support. Both provide phone support. Email support is available at both brokers. fxcl markets supports 8 languages and GDMFX supports 2, giving fxcl markets broader global reach. Both brokers are comparable on support quality.
| Feature | fxcl markets | GDMFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |