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Rating Index

Pros

Diverse market instruments, including forex, indices, commodities, shares, and cryptocurrencies.
Multiple account types available, catering to traders with different capital levels and trading preferences.
Competitive spreads starting from 0.0 pips, enhancing cost-efficiency for traders.

Cons

Unauthorized status with the National Futures Association (NFA), raising regulatory concerns and potential risks.
High minimum deposit requirement for premium accounts, which could be a barrier for traders with limited capital.
Negative feedback and complaints regarding withdrawal difficulties and customer support issues.

FXL broker Accounts

FXL Account Type

FXL offers a variety of trading accounts tailored to meet the needs of different traders. The available account types include:

  • Cent Account
    • Minimum Deposit: $100
    • Leverage: Up to 1:5000
    • Spreads: Starting from 0.0 pips
    • Commission: None
    • Ideal For: Traders looking for substantial market exposure with a low initial investment.
    • ECN Account
      • Minimum Deposit: $100
      • Leverage: Up to 1:500
      • Spreads: Starting from 0.0 pips
      • Commission: None
      • Ideal For: Traders who prefer direct market access with competitive trading conditions.
      • Standard Account
        • Minimum Deposit: $100
        • Leverage: Up to 1:500
        • Spreads: Starting from 0.0 pips
        • Commission: None
        • Ideal For: Traders seeking a balanced approach with low barriers to entry.
        • Premium Account
          • Minimum Deposit: $50,000
          • Leverage: Up to 1:1000
          • Spreads: Starting from 0.0 pips
          • Commission: None
          • Ideal For: Experienced and well-capitalized traders looking for enhanced trading features.

          FXL Broker Account Opening Process

          To open an account with FXL, follow these steps:

          • Sign Up
            • Visit the FXL website: fx link corp
            • Click “Sign Up.”
            • Enter your email, phone number, and preferred language.
            • Provide Personal Information
              • Complete personal details such as your name, date of birth, and nationality.
              • Review and Confirm
                • Double-check all information for accuracy.
                • Accept the terms and conditions.
                • Follow any additional verification steps if required.
                • Account Verification
                  • Submit identification documents (e.g., passport, utility bill) for the Know Your Customer (KYC) process.
                  • Fund Your Account
                    • Deposit a minimum of $100 to start trading or $50,000 for a premium account.
                    • Start Trading
                      • Once your account is verified and funded, you can start trading using the MetaTrader 5 platform.

FXL accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
FXL Account