FXCM
Uniglobe Markets
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Overview
FXCM was founded in 1999 and is headquartered in United States, while Uniglobe Markets was established in 2008 and is based in Marshall Islands. FXCM holds licences including Financial Conduct Authority (FCA), while Uniglobe Markets is regulated by Unregulated among others. FXCM serves 10,000+ clients worldwide; Uniglobe Markets has 10,000+. The minimum deposit is $1 at FXCM and $10 at Uniglobe Markets.
| Feature | FXCM | Uniglobe Markets |
|---|---|---|
| Min. Deposit | $1 | $10 |
| Regulation | Financial Conduct Authority (FCA) | Unregulated |
| Founded | 1999 | 2008 |
| Country | United States | Marshall Islands |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FXCM and Uniglobe Markets, directly affecting your bottom line as a trader. FXCM has a lower barrier to entry with a minimum deposit of $1 (vs $10 at Uniglobe Markets). Neither broker charges withdrawal fees. Uniglobe Markets charges deposit fees; FXCM does not. The two brokers are broadly comparable on fee structure.
| Feature | FXCM | Uniglobe Markets |
|---|---|---|
| Min. Deposit | $1 | $10 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
FXCM offers MT4, MT5, cTrader, while Uniglobe Markets 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 | Uniglobe 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, Mirror Trader, Web Trader, NinjaTrader, Tablet & Mobile apps | Windows ├é┬¼├ó╦åÔÇÿ MacOS X. Multiple Terminal. Android. IOS. |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how FXCM and Uniglobe Markets compare. FXCM runs regular live webinars; Uniglobe Markets does not. FXCM has a video library; Uniglobe Markets does not. FXCM publishes daily market commentary; Uniglobe Markets does not. FXCM integrates third-party research tools (Trading Central, Autochartist); Uniglobe Markets does not. FXCM maintains an archive of past webinars for on-demand viewing. FXCM scores higher overall in education and research.
| Feature | FXCM | Uniglobe Markets |
|---|---|---|
| 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 Uniglobe Markets supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | FXCM | Uniglobe Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both FXCM and Uniglobe Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | FXCM | Uniglobe Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |