Software Alternatives, Accelerators & Startups

FXCM VS Wallester

Compare FXCM VS Wallester and see what are their differences

FXCM logo FXCM

FXCM is a UK-based Forex Capital Market that offers forex and CFDs trading and a part of Leucadia that is a diversified holding company.

Wallester logo Wallester

Walletser is a FREE expense management and card-issuing solution for businesses. ZERO fee for service and top-up for all cards. Issue 300 virtual cards instantly for free. EU BINs and whitelisting.
  • FXCM Landing page
    Landing page //
    2023-02-26
  • Wallester
    Image date //
    2024-05-15
  • Wallester
    Image date //
    2024-05-08
  • Wallester
    Image date //
    2024-05-08
  • Wallester
    Image date //
    2024-05-08
  • Wallester
    Image date //
    2024-05-08
  • Wallester
    Image date //
    2024-05-08
  • Wallester
    Image date //
    2024-05-08
  • Wallester
    Image date //
    2024-05-08
  • Wallester
    Image date //
    2024-05-08
  • Wallester
    Image date //
    2024-05-08
  • Wallester
    Image date //
    2024-05-08
  • Wallester
    Image date //
    2024-05-08
  • Wallester
    Image date //
    2024-05-08
  • Wallester Landing page
    Landing page //
    2022-10-06

Wallester provides innovative, secure, cost-effective payment solutions for all kinds of businesses.

Wallester Business โ€“ expense management and card issuing

  • Corporate Expense Cards: issuing unlimited amounts of physical and virtual cards in 10 different currencies.
  • Expense Control: Real-time transaction monitoring and limit adjustments.
  • Payment Approvals: Confirm company purchase requests.
  • BIN Sponsorship and Whitelisting: skip 3Dsecure, get your dedicated BINs, and issue an unlimited amount of cards immediately โ€“ all you need for media buying
  • Invoicing and Budget Management: user-friendly app for easy accounting and efficient budget control.
  • Reports: detailed records of all corporate expenses and easy integration via API.
  • Wallester Business Payroll program: for simplifying salary payments and enhancing the employee experience.

Get your 300 FREE virtual cards immediately

FXCM features and specs

  • Regulated Broker
    FXCM is regulated by various financial authorities, including the UK's FCA, providing a layer of trust and security for traders.
  • Wide Range of Trading Platforms
    FXCM offers multiple trading platforms, including Trading Station, MetaTrader 4, and NinjaTrader, catering to traders with different preferences and needs.
  • Educational Resources
    FXCM provides extensive educational resources, including webinars, articles, and trading guides, which are beneficial for both beginner and advanced traders.
  • No Dealing Desk Execution
    FXCM offers No Dealing Desk execution, meaning there's no conflict of interest as orders are routed straight to the market.
  • Demo Account
    FXCM offers a free demo account with virtual funds, allowing traders to practice and backtest strategies without risk.

Possible disadvantages of FXCM

  • Limited Cryptocurrency Offerings
    The range of cryptocurrencies available for trading on FXCM is limited compared to other brokers that offer a wider selection.
  • Average Spreads
    FXCM's spreads are competitive but not the lowest in the industry, which may affect cost efficiency for frequent traders.
  • Inactivity Fees
    FXCM charges inactivity fees if there are no trades placed on the account for a certain period, which may discourage traders from maintaining dormant accounts.
  • Withdrawal Fees
    The broker charges fees on withdrawals via certain methods, which can add to the costs incurred by traders.
  • Geographic Restrictions
    FXCM does not offer its services in some jurisdictions, including the United States, potentially limiting access for traders based in these areas.

Wallester features and specs

  • Corporate card
  • Virtual card
  • Approval Process Control
  • Expense Tracking
  • Spend Control

Analysis of Wallester

Overall verdict

  • Yes, Wallester is considered a good option for those seeking a versatile financial technology platform.

Why this product is good

  • Wallester is praised for its innovative and comprehensive financial solutions, particularly in the issuance and management of cards. The platform offers customizable financial products, supports both physical and virtual cards, and streamlines financial transactions. Its user-friendly interface, robust security measures, and quick integration capabilities make it a reliable choice for businesses looking to enhance their financial operations.

Recommended for

  • Businesses seeking seamless card issuance and management solutions.
  • Financial institutions aiming to offer tailored card products to their clients.
  • Companies looking for a robust platform to manage and track financial transactions efficiently.
  • Entrepreneurs who need an easy-to-use and secure platform for payment solutions.

FXCM videos

How good is FXCM? ++ Trusted Broker Review | Forex & CFD Trading

More videos:

  • Review - FXCM Review 2020 โ€“ Forex Brokers Reviews by Thediaryofatrader.com
  • Review - FXCM (Forex Time) Review 2020/ Real Customer Reviews

Wallester videos

Wallester - VISA Cards for ANY Business

More videos:

  • Review - Meet the Team | Behind the Scenes Wallester
  • Review - Meet Wallester
  • Review - Wallester 3000 PS2 reveiw

Category Popularity

0-100% (relative to FXCM and Wallester)
Forex
100 100%
0% 0
Finance
40 40%
60% 60
Trading
100 100%
0% 0
Credit Card Payments
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare FXCM and Wallester

FXCM Reviews

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Wallester Reviews

  1. David
    ยท CMO ยท
    Easy,Quick and Intuative

    It is solving the collation of recipients after business purchases so the finance team can correctly file. It also helps us as we have access in our business to more cards, rather than having to get necessary verifications to phones from the two cards we had previously in the company.

    ๐Ÿ‘ Pros:    Simplicity of the process|Simplicity of paying|Simplicity of the app|Simplicity of the virtual card
  2. Guest
    ยท CEO ยท
    Easy expense management with Wallester

    Allows our team to process expenses on the go without any paperwork. As we are running a travel agency, the full package service often involves a lot of corporate expenses. And Wallester just made our life so much easier. Those guys are incredibly passionate about what they do, had the pleasure to meet them at money2020 last year and looking forward to 2023!

  3. Ostin
    ยท Marketing Team Lead at House ยท
    great solution for any marketing team

    We are using Wallester for 6 months now and have to admit happy we met at one of the conferences last year. Great product with great team behind it. Managed to scale our media buying numbers with the limitless virtual cards solution. Looking forward to the new features to be added!

What are some alternatives?

When comparing FXCM and Wallester, you can also consider the following products

FxCore CRM - All-in-One Forex CRM for Modern Brokerages

Stripe - Online payment processing for internet businesses. Stripe is a suite of payment APIs that powers commerce for online businesses of all sizes. Use Stripeโ€™s payment platform to accept and process payments online for easy-to-use commerce solutions.

TraderMade Market Data - Forex and CFD Market Data. Try our data solutions for free or gain access to premium data. We provide historical and live forex data for querying, research, analysis and trading startegies.

Acrual - Estimating, Quoting & Invoicing Software for Smart Businesses

OANDA - OANDA is an advanced forex and broker trading platform that helps you in currency data, exchange rate services for the investors and organizations.

SAP ERP - SAP ERP is enterprise resource planning software developed by the German company SAP SE.