Score
FXCL
Saint Vincent and the Grenadines|5-10 years| https://www.fxclearing.com/
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
FXCL-Demo
Influence
B
Influence index NO.1
Thailand 7.10MT4/5 Identification
MT4/5 Identification
Full License
United StatesInfluence
Influence
B
Influence index NO.1
Thailand 7.10Contact
Licenses
Licensed Institution：FXCL Markets Ltd
License No.：14610
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic Information
Saint Vincent and the GrenadinesAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Sources
Language
Mkt. Analysis
Creatives
WikiResearchWebsite
Most visited countries/areas
Laos
Nigeria
fxclmarkets.id
Server Location
Singapore
Website Domain Name
fxclmarkets.id
Server IP
203.195.122.36
-
fxclearing.com
Server Location
United States
Most visited countries/areas
Indonesia
Website Domain Name
fxclearing.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
0001-01-01
Server IP
209.217.253.233
Company Summary
| FXCLReview Summary | |
| Founded | 2006 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | VFSC |
| Market Instruments | Forex, indices, cryptocurrencies, metals |
| Demo Account | ✔ |
| Leverage | Up to 1:2000 |
| Spread | Low |
| Trading Platform | MT4 Margin WebTrader |
| Min Deposit | $1 |
| Customer Support | Email: 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.
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).
Keywords
- 5-10 years
- Suspicious Regulatory License
- MT4 Full License
- Vanuatu Retail Forex License Revoked
- High potential risk
News
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.
2025-01-09 17:17
News FXCL Summer Contest
FXCL is hosting a summer contest for all its clients. The contest offers a platform for traders to test their strategies and compete for attractive prizes. The registration process is ongoing. The contest will begin on August 5, 2024, until August 9, 2024.
2024-08-01 12:41
Exposure Review of FXCL Markets Ltd: Caution Advised for Potential Investors
FXCL Markets Ltd. lacks regulatory oversight, posing risks despite using MetaTrader 4. Investors face challenges with withdrawals and financial instability, highlighting the importance of choosing regulated brokers.
2024-04-16 18:07
News Major Forex Currency Pairs: Understanding Their Features and Behavior
Having a thorough grasp of the primary currency pairs is essential for individuals involved in Forex trading and investment. These pairs hold significant importance as they comprise the most influential economies globally and have the most substantial impact on market activities.
2023-09-25 14:10
News What’s this broker all about?
FXCL was established as an International Business Company in St. Vincent and the Grenadines. This means that the broker has a license from the Financial Services Authority (SVGFSA) with the registered address of Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown.
2021-12-15 22:08
Review 12
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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
cenon lumabad
Philippines
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..
Exposure
2022-04-13
cenon lumabad
Philippines
i keep on withdrawing my balance $2226/$1924 are the allowable amount but they ignoring my request they keep on trading my balance at losses, I need to withdraw this fund its an emergency suituation my Wife and son is hospitalized, please Act on my request ?
Exposure
2022-04-12
cenon lumabad
Philippines
they trades my available remaining balance to losses when they notice my withdrawal for the fast month no movement but when my withdrawal request to my remaining balance thats the time trades happened why??
Exposure
2022-04-07
cenon lumabad
Philippines
until now they ignore my withdrawal Im withdrawing my deposit my total deposit is 5250.$ they credited on my account $4892. because of deposit fee? im withdrawing the balance on my account not bonuses not the profit but the balance until now not resolve they just ignoring my request??
Exposure
2022-04-04
cenon lumabad
Philippines
I keep trying to withdraw my remaining balance why they ignore my withdrawal request?i dont care about the bonuses i m only withdrawing what i deposited less my losses they keep ignoring my withdrawal request ?
Exposure
2022-04-01
cenon lumabad
Philippines
i want to withdraw all my deposit but they ignore my withdrawal I need to recover my funds Attached below is my deposit there is fee for every deposit my total deposit 5250$
Exposure
2022-03-31
Bryan Reyes
Philippines
The remaining balance was gone..
Exposure
2022-01-05
Bryan Reyes
Philippines
My trade analyst does not respond my request.
Exposure
2021-10-28
FX1075428347
Colombia
My personal experience is to stay away from all Forex companies registered in St. Vincent and the Grenadines. Financial institutions there do not oversee currency exchange, so any company claiming to have a local license is highly suspect.
Neutral
2022-11-28
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
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