fxcl markets
Zerodha
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Overview
fxcl markets was founded in 2006 and is headquartered in Cayman Islands, while Zerodha was established in 2010 and is based in India. fxcl markets holds licences including Financial Services Authority (FSA) number 1637, while Zerodha is regulated by Securities and Exchange Board of India (SEBI) among others. fxcl markets serves 10,000+ clients worldwide; Zerodha has 1,500,000+. The minimum deposit is $250 at fxcl markets and $0 at Zerodha.
| Feature | fxcl markets | Zerodha |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Regulation | Financial Services Authority (FSA) number 1637 | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange |
| Founded | 2006 | 2010 |
| Country | Cayman Islands | India |
| Clients | 10,000+ | 1,500,000+ |
Fees
Fees are a critical factor when choosing between fxcl markets and Zerodha, directly affecting your bottom line as a trader. Zerodha has a lower barrier to entry with a minimum deposit of $0 (vs $250 at fxcl markets). Neither broker charges withdrawal fees. Zerodha charges deposit fees; fxcl markets does not. Overall, Zerodha scores higher on fees in our assessment.
| Feature | fxcl markets | Zerodha |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
fxcl markets offers MT4, MT5, cTrader, while Zerodha supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. fxcl markets supports social and copy trading features, which Zerodha does not offer. The two brokers are closely matched on platform offering.
| Feature | fxcl markets | Zerodha |
|---|---|---|
| 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 | 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 Zerodha 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 | Zerodha |
|---|---|---|
| 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 Zerodha supports 1 (bank transfer). fxcl markets uniquely supports credit/debit card and PayPal and Skrill and Neteller among the two brokers. fxcl markets scores higher on deposit and withdrawal flexibility.
| Feature | fxcl markets | Zerodha |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| 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 Zerodha offer live chat support. Both provide phone support. Email support is available at both brokers. fxcl markets supports 8 languages and Zerodha supports 13, giving Zerodha broader global reach. Both brokers are comparable on support quality.
| Feature | fxcl markets | Zerodha |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |