fxcl markets
morrison securities pty limited
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Overview
fxcl markets was founded in 2006 and is headquartered in Cayman Islands, while morrison securities pty limited was established in 2014 and is based in Malta. fxcl markets holds licences including Financial Services Authority (FSA) number 1637, while morrison securities pty limited is regulated by Financial Conduct Authority (FCA) among others. fxcl markets serves 10,000+ clients worldwide; morrison securities pty limited has 12,000,000+. Both brokers share the same minimum deposit of $250.
| Feature | fxcl markets | morrison securities pty limited |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Regulation | Financial Services Authority (FSA) number 1637 | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F281 |
| Founded | 2006 | 2014 |
| Country | Cayman Islands | Malta |
| Clients | 10,000+ | 12,000,000+ |
Fees
Fees are a critical factor when choosing between fxcl markets and morrison securities pty limited, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. morrison securities pty limited charges withdrawal fees while fxcl markets does not, giving fxcl markets an edge for frequent withdrawers. morrison securities pty limited applies inactivity fees on dormant accounts; fxcl markets does not. Overall, fxcl markets scores higher on fees in our assessment.
| Feature | fxcl markets | morrison securities pty limited |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
fxcl markets offers MT4, MT5, cTrader, while morrison securities pty limited supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. fxcl markets supports social and copy trading features, which morrison securities pty limited does not offer. The two brokers are closely matched on platform offering.
| Feature | fxcl markets | morrison securities pty limited |
|---|---|---|
| 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, 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 fxcl markets and morrison securities pty limited compare. fxcl markets runs regular live webinars; morrison securities pty limited does not. fxcl markets has a video library; morrison securities pty limited does not. fxcl markets publishes daily market commentary; morrison securities pty limited does not. fxcl markets integrates third-party research tools (Trading Central, Autochartist); morrison securities pty limited does not. fxcl markets maintains an archive of past webinars for on-demand viewing. fxcl markets scores higher overall in education and research.
| Feature | fxcl markets | morrison securities pty limited |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
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 morrison securities pty limited supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | fxcl markets | morrison securities pty limited |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
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 morrison securities pty limited offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 8 languages. Both brokers are comparable on support quality.
| Feature | fxcl markets | morrison securities pty limited |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |