you do need a cutting tool, but when I bought the spool it came with a cheap version of it with no batteries/etc.
If you want to save the $20, I can loan you mine. I can't imagine shipping there/back would be more than a few bucks.
EDIT: FWIW, I hated working with the compression ones, cuz if I screwed up the crimp, I'd have to recut it and start over. The planet waves ones are infinitely faster. I was using Belden cable & compression fittings.