FXCL foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.fxclearing.com/registration, about the company's legal and temporary regulatory information, the company's address Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.
FXCL Forex Broker
Basic information
Saint Vincent and the Grenadines
5-10 years Suspicious Regulatory License MT4 Full License Vanuatu Retail Forex License Revoked High potential riskCompany profile
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.
Pros and Cons
| Pros | Cons |
| VFSC regulated | Limited customer support options |
| Wide range of currency pairs and trading instruments | Fixed spreads |
| Low minimum deposit of $1 | No Islamic trading account |
| Eight types of trading accounts to choose from | No MT5 supported |
| Generous leverage up to 1:2000 | No 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 Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
| Vanuatu | VFSC | FXCL Markets Ltd | Retail Forex License | 14610 | Revoked |
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 Type | Start Account | Cent Account | Standard Account | Interbank Cent Account | Interbank Standard Account | ECN Pro Account | Live Contest Account | Volume Cash Account |
| Leverage | 1:2000 | 1:1000 | 1:500 | 1:500 | 1:500 | 1:300 | 1:1000 | 1:1000 |
| Spreads | Floating for full spread list | Fixed for fufor full spread list | Fixed for fufor full spread list | Floating starting from 1.1 pip with a 5-digit price feed for full spread list | Floating,starting from 1.1 pip with a 5-digit price feed for full spread list | Floating, starting from 0.1 pip with a 5-digit price feed | Floating for full spread list | Floating for full spread list |
| Position Size | 0.01-1.00 (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) |
| Execution | Market | Instant | Instant/Market | Market | Market | Market | Automatic Market Execution | Automatic Market Execution |
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.
Trading Platform
FXCL's trading platform is MT4 Margin WebTrader, which supports traders on PC, Mac, iPhone and Android.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 Margin WebTrader | ✔ | Web, Mobile | Beginner |
| MT5 | ❌ |
Deposit and Withdrawal
FXCL offers a lot of deposit and withdrawal methods.
Deposit
| Method | Processing Time | Fees |
| Online bank (Asiabank) | Instant | N/A |
| Crypto (Alphacoins) | Instant | N/A |
| PerfectMoney | Instant | Low fees |
| Local Deposit | Up to 1 business day | Low fees |
| FasaPay | Quick | FXCL provides full fee coverage for all Fasapay deposits |
| Dragonpay | Instant | N/A |
Withdrawal
| Method | Processing Time | Fees |
| Online bank (Asiabank) | Instant | N/A |
| Crypto (Alphacoins) | Instant | N/A |
| PerfectMoney | Instant | Low fees |
| Local Deposit | Up to 1 business day | Low fees |
| FasaPay | Quick | Low fees |
| Dragonpay | Instant | N/A |
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).
Rating Index
Start
Standard
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Latest Reviews
wuwuo
Egypt
I checked out FXCL mainly because of their Lucky Summer Festival with a big prize fund. It's an interesting way to spice up trading.
Positive
2024-06-04
mike3935
Philippines
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...
Exposure
2024-02-23
Juciee
Nigeria
FXCL offers a variety of payment methods for traders to choose from, which is convenient. Their trading platforms, such as MT4, are widely used and offer a range of features.
Positive
2024-07-17