fxcl markets
WIT Invest
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Overview
fxcl markets was founded in 2006 and is headquartered in Cayman Islands, while WIT Invest was established in 2008 and is based in Saint Vincent and the Grenadines. fxcl markets holds licences including Financial Services Authority (FSA) number 1637, while WIT Invest is regulated by Unregulated among others. fxcl markets serves 10,000+ clients worldwide; WIT Invest has 10,000+. The minimum deposit is $250 at fxcl markets and $100 at WIT Invest.
| Feature | fxcl markets | WIT Invest |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | Financial Services Authority (FSA) number 1637 | Unregulated |
| Founded | 2006 | 2008 |
| Country | Cayman Islands | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between fxcl markets and WIT Invest, directly affecting your bottom line as a trader. WIT Invest has a lower barrier to entry with a minimum deposit of $100 (vs $250 at fxcl markets). Neither broker charges withdrawal fees. WIT Invest charges deposit fees; fxcl markets does not. Overall, WIT Invest scores higher on fees in our assessment.
| Feature | fxcl markets | WIT Invest |
|---|---|---|
| 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 WIT Invest 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 | WIT Invest |
|---|---|---|
| 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 | Desktop, Tablet & Mobile apps,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how fxcl markets and WIT Invest 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. fxcl markets scores higher overall in education and research.
| Feature | fxcl markets | WIT Invest |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| 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 WIT Invest 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 | WIT Invest |
|---|---|---|
| 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 WIT Invest offer live chat support. Both provide phone support. Email support is available at both brokers. fxcl markets supports 8 languages and WIT Invest supports 2, giving fxcl markets broader global reach. Both brokers are comparable on support quality.
| Feature | fxcl markets | WIT Invest |
|---|---|---|
| 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 |