Do you want to know which is the better broker between fp-markets and fxcl?
In the following table, you can compare the functions between fp-markets, fxcl, and side by side to determine the most suitable for your trading needs.
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of fp-markets, fxcl, and lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
General Information & Regulation
FXCL Markets Ltd, part of FX Clearing Group Holding, is an offshore broker offering trading in currency pairs and precious metals. FXCL is registered in St. Vincent and the Grenadines, which is an offshore tax-free destination, with registration procedure for forex and binary brokers fast and low cost. FXCL is not currently regulated in any way.
Investors can trade with FXCL the tradable instruments including Forex currency pairs, indices, precious metals, and crude oil.
There are quite a few trading accounts available on FXCL platform, with the minimum initial deposit of $1. Since FXCL is an unregulated broker, traders are advised to stay away from this broker.
FXCL forex account types are divided into Fixed Accounts and Floating Accounts. Fixed Accounts include Cent Accounts and Standard Accounts with a maximum leverage of 1:1000. Floating Accounts include Interbank Cent Accounts, Interbank Standard Accounts, ECN Plus Accounts, and ECN Pro accounts with a maximum leverage of 1:500. Leverage is 1:100 for Forex, Metals, and 1:10 for Cryptocurrencies.
Spreads & Commissions
Spreads for EURUSD are 1 pip for Standard and Cent accounts, 1.1 pips for Interbank Cent, Interbank Standard and ECN Plus accounts, and 0.1 pips for ECN Pro accounts. The commission for forex, metals, and indices trading is 3US$3/per lot, and for crypto trading is 0.3% per lot.
Traders trading on FXCL forex can use the MT4 trading software, the most popular and most popular trading platform on the market today, with its powerful technical analysis of icons to help traders make targeted trading decisions. FXCL MT4 supports EA smart trading, leverages up to 1:500, hedging, and supports iOS and Android mobile platforms.
Deposit & Withdrawal
FXCL welcomes various deposit and withdrawal methods: PayTrust Online Banking, Public Bank, Bitcoin, Perfect Money, Wire Transfer, Local Deposit, FasaPay, Dragon Pay, a monthly free withdrawal limit of $500 per deposit, and $100 per withdrawal.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive fp-markets and fxcl are, we first considered common fees for standard accounts. On fp-markets, the average spread for the EUR/USD currency pair is From 0.0 pips, while on fxcl the spread is from 1.1 pip.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
fp-markets is regulated by ASIC,CYSEC. fxcl is regulated by VFSC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
fp-markets provides trading platform including Raw,Standard and trading variety including 60+ FX pairs, metals, indices, commodities. fxcl provides trading platform including Interbank Cent,Interbank Standard,Standard,Cent,ECN Pro,Start and trading variety including --.