FXCM
morrison securities pty limited
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
FXCM was founded in 1999 and is headquartered in United States, while morrison securities pty limited was established in 2014 and is based in Malta. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. FXCM serves 10,000+ clients worldwide; morrison securities pty limited has 12,000,000+. The minimum deposit is $1 at FXCM and $250 at morrison securities pty limited.
| Feature | FXCM | morrison securities pty limited |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F281 |
| Founded | 1999 | 2014 |
| Country | United States | Malta |
| Clients | 10,000+ | 12,000,000+ |
Fees
Fees are a critical factor when choosing between FXCM and morrison securities pty limited, directly affecting your bottom line as a trader. FXCM has a lower barrier to entry with a minimum deposit of $1 (vs $250 at morrison securities pty limited). morrison securities pty limited charges withdrawal fees while FXCM does not, giving FXCM an edge for frequent withdrawers. morrison securities pty limited applies inactivity fees on dormant accounts; FXCM does not. Overall, FXCM scores higher on fees in our assessment.
| Feature | FXCM | morrison securities pty limited |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
FXCM offers MT4, MT5, cTrader, while morrison securities pty limited supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | FXCM | morrison securities pty limited |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mirror Trader, Web Trader, NinjaTrader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how FXCM and morrison securities pty limited compare. FXCM runs regular live webinars; morrison securities pty limited does not. FXCM has a video library; morrison securities pty limited does not. FXCM publishes daily market commentary; morrison securities pty limited does not. FXCM integrates third-party research tools (Trading Central, Autochartist); morrison securities pty limited does not. FXCM maintains an archive of past webinars for on-demand viewing. FXCM scores higher overall in education and research.
| Feature | FXCM | morrison securities pty limited |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. FXCM accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while morrison securities pty limited supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). morrison securities pty limited uniquely supports PayPal and Skrill and Neteller among the two brokers. morrison securities pty limited scores higher on deposit and withdrawal flexibility.
| Feature | FXCM | morrison securities pty limited |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both FXCM and morrison securities pty limited offer live chat support. Both provide phone support. Email support is available at both brokers. FXCM supports 2 languages and morrison securities pty limited supports 8, giving morrison securities pty limited broader global reach. Both brokers are comparable on support quality.
| Feature | FXCM | morrison securities pty limited |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |