fxcl markets
Traders Trust
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Overview
fxcl markets was founded in 2006 and is headquartered in Cayman Islands, while Traders Trust was established in 1998 and is based in Cyprus. fxcl markets holds licences including Financial Services Authority (FSA) number 1637, while Traders Trust is regulated by Financial Conduct Authority (FCA) among others. fxcl markets serves 10,000+ clients worldwide; Traders Trust has 10,000+. The minimum deposit is $250 at fxcl markets and $100 at Traders Trust.
| Feature | fxcl markets | Traders Trust |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | Financial Services Authority (FSA) number 1637 | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt f├ó╦å┼í├é┬║r Finanzdienstleistungsaufsicht (BaFin), The National Securities Market Commission (CNMV), The Commissione Nazionale per le Societ├ó╦å┼í├óÔé¼┬á e la Borsa (CONSOB), Finansinspektionen (FI), Netherlands Authority for the Financial Markets (AFM), Financial Services Authority (FSA) |
| Founded | 2006 | 1998 |
| Country | Cayman Islands | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between fxcl markets and Traders Trust, directly affecting your bottom line as a trader. Traders Trust has a lower barrier to entry with a minimum deposit of $100 (vs $250 at fxcl markets). Neither broker charges withdrawal fees. Traders Trust applies inactivity fees on dormant accounts; fxcl markets does not. Overall, Traders Trust scores higher on fees in our assessment.
| Feature | fxcl markets | Traders Trust |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
fxcl markets offers MT4, MT5, cTrader, while Traders Trust 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 | Traders Trust |
|---|---|---|
| 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 Traders Trust compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | fxcl markets | Traders Trust |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| 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 Traders Trust 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 | Traders Trust |
|---|---|---|
| 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 Traders Trust offer live chat support. Both provide phone support. Email support is available at both brokers. fxcl markets supports 8 languages and Traders Trust supports 2, giving fxcl markets broader global reach. Both brokers are comparable on support quality.
| Feature | fxcl markets | Traders Trust |
|---|---|---|
| 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 |