fxcl markets
NordFX
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
fxcl markets was founded in 2006 and is headquartered in Cayman Islands, while NordFX was established in 2008 and is based in Mauritius. fxcl markets holds licences including Financial Services Authority (FSA) number 1637, while NordFX is regulated by VFSC (15008) among others. fxcl markets serves 10,000+ clients worldwide; NordFX has 10,000+. The minimum deposit is $250 at fxcl markets and $10 at NordFX.
| Feature | fxcl markets | NordFX |
|---|---|---|
| Min. Deposit | $250 | $10 |
| Regulation | Financial Services Authority (FSA) number 1637 | VFSC (15008) |
| Founded | 2006 | 2008 |
| Country | Cayman Islands | Mauritius |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between fxcl markets and NordFX, directly affecting your bottom line as a trader. NordFX has a lower barrier to entry with a minimum deposit of $10 (vs $250 at fxcl markets). Neither broker charges withdrawal fees. NordFX applies inactivity fees on dormant accounts; fxcl markets does not. Overall, NordFX scores higher on fees in our assessment.
| Feature | fxcl markets | NordFX |
|---|---|---|
| Min. Deposit | $250 | $10 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
fxcl markets offers MT4, MT5, cTrader, while NordFX supports MT4, MT5. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. fxcl markets edges ahead on platform breadth and functionality in our scoring.
| Feature | fxcl markets | NordFX |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| 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, 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 NordFX compare. fxcl markets runs regular live webinars; NordFX does not. Both provide video tutorials, including advanced content. fxcl markets publishes daily market commentary; NordFX does not. fxcl markets integrates third-party research tools (Trading Central, Autochartist); NordFX 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 | NordFX |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| 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 NordFX supports 4 (bank transfer, credit/debit card, Skrill, Neteller). fxcl markets uniquely supports PayPal among the two brokers. fxcl markets scores higher on deposit and withdrawal flexibility.
| Feature | fxcl markets | NordFX |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| 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 NordFX offer live chat support. Both provide phone support. Email support is available at both brokers. fxcl markets supports 8 languages and NordFX supports 13, giving NordFX broader global reach. Both brokers are comparable on support quality.
| Feature | fxcl markets | NordFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Russian, Chinese, Arabic, Hindi, Bengali, Farsi, Indonesian, Thai, Sinhalese, Vietnamese, Malay |