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FXCL

FXCL | 2024-12-24 12:00

Abstract:FXCL Markets Ltd operates from St. Vincent and the Grenadines and was previously regulated by the Vanuatu Financial Services Commission, although its license has been revoked. The company offers a range of trading account types with varying leverage options and spreads, and it utilizes the MetaTrader 4 (MT4) platform for trading across multiple devices. Tradable assets include Forex, Precious Metals, Commodities, Fund Management, Clearing, Primary Brokering, and other legal activities. While specific details like the founding year, minimum deposit requirements, and availability of demo or Islamic accounts are not provided, the broker offers email-based customer support and various payment methods. Educational resources include a Forex glossary and materials for both beginner and advanced traders.

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

LeverageBrokerDealer

Related broker

No Regulation
FXCL
Company name:FXCL Markets Ltd
Score
2.22
Website:https://www.fxclearing.com/
5-10 years | Suspicious Regulatory License | MT4 Full License | Regional Brokers
Score
2.22

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