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FXCL -

Score

1.91 /10
Danger

FXCL

Botswana

5-10 years

Questionable Regulatory License

MT4 Full License

Regional Brokers

Vanuatu Forex Trading License (EP) Revoked

High Potential Risk

https://www.fxclearing.com

Influence

C

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Comparison

Quantity 11

Exposure

Time Machine
Website

Score

Regulatory Index4.82

Business Index7.51

Risk Management Index2.28

Software Index6.45

License Index2.69

The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

FXCL Markets Ltd

Company Abbreviation

FXCL

Platform registered country and region

Botswana

Company website

X

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WhatsApp

  • 60108692254

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2026-10-30
  • This broker lacks valid forex regulation. Please be aware of the risk!
  • WikiFX has recorded a total of 9 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.

WikiFX Verification

Exposure

11 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Fxcl is fraudulent and scammers.

The remaining balance was gone..

2022-01-05 21:45
Scam

My balance unable to withdraw ???

they trades my available remaining balance to losses when they notice my withdrawal for the fast month no movement but when my withdrawal request to my remaining balance thats the time trades happened why??

2022-04-07 06:08
Scam

unable to withdraw/SCAM

until now they ignore my withdrawal Im withdrawing my deposit my total deposit is 5250.$ they credited on my account $4892. because of deposit fee? im withdrawing the balance on my account not bonuses not the profit but the balance until now not resolve they just ignoring my request??

2022-04-04 21:40
Unable to Withdraw

FXCL blocks withdrawals and clears trader balances

FXCL Markets and Tech-RMS are scamming retail investors. I deposited USD 250 via GCash. After successful trading, my balance grew to USD 1,037. On May 1, 2026, I submitted a USD 400.00 withdrawal request (ID: 1****). FXCL deliberately held my money in limbo under a fake "Doubtful Promo Terms" status. While blocking my money, on May 11, 2026, they synchronized my backend trade tickets with their risk manipulation software, Tech-RMS. They executed sudden, artificial backend price spikes on my account to intentionally wipe out my entire balance and cover up my withdrawal. A manager named Anton Diaz is now aggressively calling my phone trying to avoid a paper trail. I refuse to take calls and want everything tracked. I have already filed an official cyber-fraud case with the Philippine SEC (Case No. SEC-182576) and am submitting to NBFIRA Botswana. DO NOT DEPOSIT MONEY WITH FXCL!

2026-10-29 15:11
Resolved

I can't withdraw my investment.

My trade analyst does not respond my request.

2021-10-28 09:39
Unable to Withdraw

unable to withdraw

I keep trying to withdraw my remaining balance why they ignore my withdrawal request?i dont care about the bonuses i m only withdrawing what i deposited less my losses they keep ignoring my withdrawal request ?

2022-04-01 11:11
Unable to Withdraw

Fund is busted thru their ready made signals...

My 1600 USD deposited fund almost busted with remaining 25 USD as of yesterday. Fraudulent broker partnered with READY MADE SIGNALS mostly operated by Filipino scammers. Get rid of these scammers. They will take your hard earned money into nothing... I started investing with it since August last year but nothing good happen to my account...

2024-02-23 18:49
Unable to Withdraw

FXClearing refuses to disable MAM, blocks withdrawals, lets Tech-RMS trade only losing positions

I deposited funds into FXClearing (FXCL Markets Ltd.) and was placed under a managed account handled by Tech-RMS (RMS Technologies Ltd.), acting as the MAM. After checking the reviews, background of the company, and finding that none of my emails were being answered, I submitted multiple formal revocation requests — as clearly allowed in the signed Limited Power of Attorney agreement — but FXClearing has never responded. They completely ignore all support channels: * Their official emails (support@fxclearing.com, info@fxclearing.com) never reply * Live chat is always offline * No hotline or working phone number * Meanwhile, Tech-RMS continues to call me using random, untraceable numbers I already submitted screenshots of the revocation clause and multiple withdrawal attempts, but they still refuse to act. It seems like a coordinated setup designed to trap client money while passing blame between the broker and a fake "agent."

2025-08-05 11:01
Unable to Withdraw

Cant withdraw my deposit

i want to withdraw all my deposit but they ignore my withdrawal I need to recover my funds Attached below is my deposit there is fee for every deposit my total deposit 5250$

2022-03-31 06:55
Scam

unable to withdraw

i keep on withdrawing my balance $2226/$1924 are the allowable amount but they ignoring my request they keep on trading my balance at losses, I need to withdraw this fund its an emergency suituation my Wife and son is hospitalized, please Act on my request ?

2022-04-12 08:44
Unable to Withdraw

scammer

they keep on trading my remaining balance until it become negative to avoid the withdrawal but before they freeze it without any trades for almost one month, but when they notice my withdrawal they start trading at losses until it become but I already instructed them to stop the trading so that I can withdraw because my and Wife was in the hospitalized, but they ignore my withdrawal request..beware of fund manager Jeffrey Yang who is responsible from all this losses they can edit my account at losses..he promise a withdrawal date but he is lying please resolve this matter I never stop until my withdrawal is resolve..

2022-04-13 22:17
    Sources
    Data Source WikiFX Data provide
    Updated: 2026-10-30
    FXCL · Company summary
    FXCLReview Summary
    Founded2006
    Registered Country/RegionSaint Vincent and the Grenadines
    RegulationVFSC
    Market InstrumentsForex, indices, cryptocurrencies, metals
    Demo Account✔
    LeverageUp to 1:2000
    SpreadLow
    Trading PlatformMT4 Margin WebTrader
    Min Deposit$1
    Customer SupportEmail: support@fxclearing.com
    Registered office: Plot 54368 Western Commercial Road, The Hub, Itowers, Cbd, Gaborone, Botswana.

    FXCL Information

    FXCL, founded in 2006, is a forex brokerage registered in Saint Vincent and the Grenadines. It is regulated by VFSC. Its current status is revoked. It charges no fees or commissions. Its leverage is up to 1:2000.

    FXCL Information

    Pros and Cons

    Pros Cons
    VFSC regulatedLimited customer support options
    Wide range of currency pairs and trading instrumentsFixed spreads
    Low minimum deposit of $1No Islamic trading account
    Eight types of trading accounts to choose fromNo MT5 supported
    Generous leverage up to 1:2000No phone number information offered
    Competitive spreads and low trading fees
    MT4 trading platform and webtrader supported
    Copy trading available
    Demo account available

    Is FXCL Legit?

    FXCL is regulated by VFSC in Vanuatu. Its current status is revoked.

    Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent Status
    VanuatuVFSCFXCL Markets LtdRetail Forex License14610Revoked
    Is FXCL Legit?

    What Can I Trade On FXCL?

    FXCL offers traders forex, indices, cryptocurrencies, metals to trade.

    Tradable Instruments Supported
    Forex✔
    Indices✔
    Metals✔
    Cryptocurrencies✔
    Commodities❌
    Stocks❌
    Futures❌
    Options❌

    Account Types

    FXCL offers 4 different types of accounts to traders - Start Account, Cent Account, Standard Account, Interbank Cent Account, Interbank Standard Account, ECN Pro Account, Live Contest Account, Volume Cash Account. It also provides demo accounts.

    Account TypeStart AccountCent AccountStandard AccountInterbank Cent AccountInterbank Standard AccountECN Pro AccountLive Contest AccountVolume Cash Account
    Leverage1:20001:10001:5001:5001:5001:3001:10001:1000
    SpreadsFloating for full spread listFixed for fufor full spread listFixed for fufor full spread listFloating starting from 1.1 pip with a 5-digit price feed for full spread listFloating,starting from 1.1 pip with a 5-digit price feed for full spread listFloating, starting from 0.1 pip with a 5-digit price feedFloating for full spread listFloating for full spread list
    Position Size0.01-1.00 (standard lot)0.01-200 (micro lot)0.01-2.00 (standard lot)0.01-500 (micro lot)0.01-5.00 (standard lot)0.01-50.00 (standard lot)0.01-3.00 (standard lot)0.01-3.00 (standard lot)
    ExecutionMarketInstantInstant/MarketMarketMarketMarketAutomatic Market ExecutionAutomatic Market Execution
    Account Types
    Account Types
    Account Types

    FXCL Fees

    FXCL's spreads are as low as 0 pips. FXCL charges low commissions. It charges $3 per lot for forex, metals, indices 0.15% per lot of Crypto when transaction happens in ECN Account and $1.5 per lot for forex, metals when transaction happens in Live Contest Account and Volume Cash Account. The min deposit is $1.

    FXCL Fees

    Trading Platform

    FXCL's trading platform is MT4 Margin WebTrader, which supports traders on PC, Mac, iPhone and Android.

    Trading PlatformSupported Available Devices Suitable for
    MT4 Margin WebTrader✔Web, MobileBeginner
    MT5❌
    Trading Platform

    Deposit and Withdrawal

    FXCL offers a lot of deposit and withdrawal methods.

    Deposit

    MethodProcessing TimeFees
    Online bank (Asiabank)InstantN/A
    Crypto (Alphacoins)InstantN/A
    PerfectMoneyInstantLow fees
    Local DepositUp to 1 business dayLow fees
    FasaPayQuickFXCL provides full fee coverage for all Fasapay deposits
    DragonpayInstantN/A
    Deposit and Withdrawal

    Withdrawal

    MethodProcessing TimeFees
    Online bank (Asiabank)InstantN/A
    Crypto (Alphacoins)InstantN/A
    PerfectMoneyInstantLow fees
    Local DepositUp to 1 business dayLow fees
    FasaPayQuickLow fees
    DragonpayInstantN/A
    Deposit and Withdrawal

    Copy Trading

    FXCL's copytrading offers an opportunity to automatically follow good traders and monitor the markets.

    Any FXCL client may open an ECN Copy Pro account as a Follower (hereinafter, Follower‘s Account).In order to open an ECN Copy Pro account as a Signal Provider (hereinafter, Provider’s Account), the client should verify the Traders Cabinet first and provide a link to his/her previous trading results on Myfxbook, MQL5 or FX Blue resource or upload an MT4 statement from his/her previous trading account (any account type from any broker is allowed).

    Copy Trading
    Copy Trading

    News

    ExposureFXCL Review: Broker License Revoked, No Regulation

    FXCL Review shows revoked VFSC license, no valid regulation, and multiple withdrawal complaints. Traders should proceed with caution.

    WikiFX
    2025-11-17 18:35
    FXCL Review: Broker License Revoked, No Regulation

    ExposureAlert: FXClearing and Tech-RMS Took $500 in Forex Scam

    FXClearing and Tech-RMS scammed $500 via false promises and locked withdrawals. Discover key facts to protect yourself from this forex fraud.

    WikiFX
    2025-08-22 14:27
    Alert: FXClearing and Tech-RMS Took $500 in Forex Scam

    ExposureGoing to Invest in FXCL? Move Back to Avoid Scams & Losses

    Are FXCL officials calling you to make you a customer by promising a magical profit number? Stop! These officials follow this route to onboard customers and make them deposit at regular intervals. However, when you wish to withdraw, the officials will deny your request. This is nothing but a strong indicator of a scam forex broker. In this article, we will expose the wrongdoings of this Botswana-based broker.

    WikiFX
    2025-08-14 19:13
    Going to Invest in FXCL? Move Back to Avoid Scams & Losses

    News FXCL Lucky Winter Festival Begins

    The FXCL Lucky Winter Festival has officially begun. You can be a part of this promotion. Here are all the details about this promotion.

    WikiFX
    2025-01-09 17:17
    FXCL Lucky Winter Festival Begins
    About More

    User Reviews

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    User comment

    11

    Comments

    Write a review

    FX3680196258
    0-3months
    FXCL Markets and Tech-RMS are scamming retail investors. I deposited USD 250 via GCash. After successful trading, my balance grew to USD 1,037. On May 1, 2026, I submitted a USD 400.00 withdrawal request (ID: 1****). FXCL deliberately held my money in limbo under a fake "Doubtful Promo Terms" status. While blocking my money, on May 11, 2026, they synchronized my backend trade tickets with their risk manipulation software, Tech-RMS. They executed sudden, artificial backend price spikes on my account to intentionally wipe out my entire balance and cover up my withdrawal. A manager named Anton Diaz is now aggressively calling my phone trying to avoid a paper trail. I refuse to take calls and want everything tracked. I have already filed an official cyber-fraud case with the Philippine SEC (Case No. SEC-182576) and am submitting to NBFIRA Botswana. DO NOT DEPOSIT MONEY WITH FXCL!
    FXCL Markets and Tech-RMS are scamming retail investors. I deposited USD 250 via GCash. After successful trading, my balance grew to USD 1,037. On May 1, 2026, I submitted a USD 400.00 withdrawal request (ID: 1****). FXCL deliberately held my money in limbo under a fake "Doubtful Promo Terms" status. While blocking my money, on May 11, 2026, they synchronized my backend trade tickets with their risk manipulation software, Tech-RMS. They executed sudden, artificial backend price spikes on my account to intentionally wipe out my entire balance and cover up my withdrawal. A manager named Anton Diaz is now aggressively calling my phone trying to avoid a paper trail. I refuse to take calls and want everything tracked. I have already filed an official cyber-fraud case with the Philippine SEC (Case No. SEC-182576) and am submitting to NBFIRA Botswana. DO NOT DEPOSIT MONEY WITH FXCL!
    Translate to English
    2026-10-29 15:11
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    FX3028474863
    more than one year
    I have been using this broker and I also diligently checked if they operate with valid License. I will like to encourage you to do your findings regarding if they’re regulated. My experience with them is smooth and trustworthy
    I have been using this broker and I also diligently checked if they operate with valid License. I will like to encourage you to do your findings regarding if they’re regulated. My experience with them is smooth and trustworthy
    Translate to English
    2025-10-06 17:46
    Reply
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    11