fxcl markets
Swissquote
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Overview
fxcl markets was founded in 2006 and is headquartered in Cayman Islands, while Swissquote was established in 1999 and is based in Switzerland. fxcl markets holds licences including Financial Services Authority (FSA) number 1637, while Swissquote is regulated by Financial Conduct Authority (FCA) among others. fxcl markets serves 10,000+ clients worldwide; Swissquote has 300,000+. The minimum deposit is $250 at fxcl markets and $0 at Swissquote.
| Feature | fxcl markets | Swissquote |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Regulation | Financial Services Authority (FSA) number 1637 | Financial Conduct Authority (FCA) |
| Founded | 2006 | 1999 |
| Country | Cayman Islands | Switzerland |
| Clients | 10,000+ | 300,000+ |
Fees
Fees are a critical factor when choosing between fxcl markets and Swissquote, directly affecting your bottom line as a trader. Swissquote has a lower barrier to entry with a minimum deposit of $0 (vs $250 at fxcl markets). Neither broker charges withdrawal fees. Overall, Swissquote scores higher on fees in our assessment.
| Feature | fxcl markets | Swissquote |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
fxcl markets offers MT4, MT5, cTrader, while Swissquote supports 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. fxcl markets edges ahead on platform breadth and functionality in our scoring.
| Feature | fxcl markets | Swissquote |
|---|---|---|
| MT4 | Yes | No |
| 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, ZuluTrade, 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 Swissquote compare. fxcl markets runs regular live webinars; Swissquote does not. Both provide video tutorials. fxcl markets publishes daily market commentary; Swissquote 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 | Swissquote |
|---|---|---|
| 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 Swissquote 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 | Swissquote |
|---|---|---|
| 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 Swissquote 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 | Swissquote |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, German, French, Italian, Spanish, Arabic, Russian, and Chinese |