fxcl markets
XGLOBAL Markets
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Overview
fxcl markets was founded in 2006 and is headquartered in Cayman Islands, while XGLOBAL Markets was established in 2008 and is based in Cyprus. fxcl markets holds licences including Financial Services Authority (FSA) number 1637, while XGLOBAL Markets is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. fxcl markets serves 10,000+ clients worldwide; XGLOBAL Markets has 10,000+. The minimum deposit is $250 at fxcl markets and $500 at XGLOBAL Markets.
| Feature | fxcl markets | XGLOBAL Markets |
|---|---|---|
| Min. Deposit | $250 | $500 |
| Regulation | Financial Services Authority (FSA) number 1637 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2006 | 2008 |
| Country | Cayman Islands | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between fxcl markets and XGLOBAL Markets, directly affecting your bottom line as a trader. fxcl markets has a lower barrier to entry with a minimum deposit of $250 (vs $500 at XGLOBAL Markets). XGLOBAL Markets charges withdrawal fees while fxcl markets does not, giving fxcl markets an edge for frequent withdrawers. XGLOBAL Markets charges deposit fees; fxcl markets does not. Overall, fxcl markets scores higher on fees in our assessment.
| Feature | fxcl markets | XGLOBAL Markets |
|---|---|---|
| Min. Deposit | $250 | $500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
fxcl markets offers MT4, MT5, cTrader, while XGLOBAL Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. fxcl markets supports social and copy trading features, which XGLOBAL Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | fxcl markets | XGLOBAL Markets |
|---|---|---|
| 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,iOS,Android |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how fxcl markets and XGLOBAL Markets compare. fxcl markets runs regular live webinars; XGLOBAL Markets does not. Both provide video tutorials. fxcl markets publishes daily market commentary; XGLOBAL Markets 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 | XGLOBAL Markets |
|---|---|---|
| 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 XGLOBAL Markets 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 | XGLOBAL Markets |
|---|---|---|
| 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 XGLOBAL Markets offer live chat support. Both provide phone support. Email support is available at both brokers. fxcl markets supports 8 languages and XGLOBAL Markets supports 2, giving fxcl markets broader global reach. Both brokers are comparable on support quality.
| Feature | fxcl markets | XGLOBAL Markets |
|---|---|---|
| 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 |