FXCL Review

ℹ️ Important Info

📈 Regulated by :
🏢 Headquarters : Ireland
💰 Min. Deposit : 1 USD
💰 Max. Leverage : 1:500
FXCL review Registered in St. Vincent and the Grenadines, FXCL Markets Ltd is an online brokerage firm that enables its clients to trade forex and CFDs on the MT4 trading platform.
User Reviews Add Your Review
Company Min. Deposit Action


50 USD Overview


50 USD Overview


$100 Overview

IG Market

10 USD Overview


10 USD Overview
Description General Information Trading Preference Payment Options Trading Features Trading Instruments Promotion Support Contact Information User Feedback

Overview FXCL

Registered in St. Vincent and the Grenadines, FXCL Markets Ltd is an online brokerage firm that enables its clients to trade forex and CFDs on the MT4 trading platform. Since 2006, the broker has been operating in several countries, forming partnerships and building a client base of satisfied customers. FXCL boasts of modern technologies enabling it to offer both fixed and variable spreads as well as Electronic Communications Network (ECN) trading.

FXCL Home Page


  • Competitive spreads and high leverage; up to 1:2000
  • The minimum deposit is only $1.
  • Multiple account types are available giving clients the option of cents account, fixed spreads, etc.
  • Several promos and bonuses to encourage traders.
  • Daily forex forecasts at no extra costs.


  • Clients from the USA, Japan, Canada, etc are not allowed to trade on FXCL.
  • No comprehensive expert analysis or organized trading academy.
  • The broker is not regulated.
  • Only the MT4 trading platform is available for clients.

FXCL Security and Regulation

FXCL Markets Ltd is registered in St. Vincent and the Grenadines as an International Business Company (IBC). Apparently, the brokerage is not regulated by any known regulatory entity, but its operations are professional, fair, and technologically advanced.

FXCL Trading instruments

FXCL traders can trade the instruments below:

  • 43 forex pairs
  • 6 Commodities
  • 3 cryptocurrencies
  • 9 Indices

Account opening

From any page on the FXCL website, click ‘open live account’ which is on the top right of every webpage. Fill the account opening form and submit it. A success message is displayed asking you to check your email.

FXCL registration success
FXCL Registration Success

Login to your email and click on the link sent by FXCL, then set up your password. You will be logged into the traders’ cabinet where you can set up your live account by selecting an account type, account currency, and leverage. From the cabinet, you can then make deposits, create more accounts, insure funds, etc.

Alternatively, instead of filling the account opening form, you can click on ‘Google’ or ‘Facebook’ and allow FXCL to receive your profile information and create an account for you. Residents or citizens of the USA, Canada, Japan, and residents of UN-sanctioned countries are not allowed to register accounts with FXCL.

FXCL Deposits and Withdrawals

Accounts are funded from the traders’ cabinet; withdrawal requests are also made from there. You can monitor your transaction status and view transaction history in the same cabinet. Withdrawal requests are processed within a working day. Below are the payment options available:

Online Bank (Paytrust): This is a local payment option used to instantly process deposits from Thailand, Indonesia, Malaysia, and Vietnam. Withdrawals take a few days.

H2P Instant deposits: are available for clients from Indonesia, Malaysia, and Vietnam. No deposit commissions are charged courtesy of fee coverage from FXCL.

Wire transfers: FXCL considers this option as the safest because it involves direct transfers between banks. The only problem here is that it takes 2-5 business days to completely process a wire transfer; be it a deposit or withdrawal.

ePayments: The accepted methods are Dragonpay, FasaPay, and Perfect Money. Dragonpay is available in PHP for clients from the Philippines; FasaPay is available for Indonesia and Malaysian clients only while Perfect Money is a global e-wallet for everyone irrespective of residence or origin.

FXCL only covers the transaction fees if the deposit amount is up to $500 and if the withdrawal amount is from $100 upwards for each trader every month.

Fees and account types

FXCL has multiple account types to cater to most trading styles and capital. Specific account opening amounts are not stated for all account types but generally, the minimum deposit is $1. FXCL has categorized its account types into two namely: Fixed spread and Floating spread. Below are the details for each account type:

Fixed spread accounts

The spreads do not change no matter the market condition. No commissions are charged and execution is instant. There are two of them:

Cent account

Being a cent account, the account currencies are US cent, EU cent, MYR cent, and THB cent. The fixed spreads start from 1 pip which is for the benchmark EURUSD. The leverage is capped at 1:1000.

Standard account

This account can be maintained in USD, EUR, MYR, THB, and NGN. The maximum leverage is 1:500. Spread for the popular EURUSD is 1 pip but it is higher for other assets.

Floating Spread accounts

These accounts feature variable spreads depending on the market conditions. For some floating spread accounts, commissions are charged. Market execution is used for all client orders. Below are the floating spread account types:

Interbank cent account

Account currencies are US cent, MYR cent, and THB cent. The floating spread starts from 1.1 pips and the maximum leverage is 1:500. No commissions are charged.

Interbank standard account

The account currencies available are USD, MYR, THB, and NGN. 1:500 is the highest leverage available. Spreads for the most traded EURUSD pair start from 1.1 pips and no commissions are charged on trades.  

ECN Plus account

Floating spreads start from 1.1 pips and commissions are charged as follows: for swap-free accounts, 1.6 per lot is charged but swap accounts are charged 0.6 per lot. Leverage of 1:500 is the highest available and you can maintain this account in USD, MYR, THB, or NGN.

ECN Pro account

Floating spreads start from 0.1 pips and the commission on forex, metals, and indices is $3 per lot while crypto is 0.3% per lot. Maximum leverage varies as follows: Forex and metals are 1:300, indices are 1:100 while cryptos are 1:10. ECN Pro account can only be maintained in USD and a minimum of $100 is required to open the account.

Demo accounts

FXCL states that you can open up to 20 demo accounts of each account type. You can create a demo account from the website or from the traders’ cabinet. It comes with virtual funds up to $1,000,000 for trading practice.

Swap free account

Swap free version of all account types are available on request.

FXCL Trading platforms


MT4 is the only platform offered by FXCL to its clients. This is a popular choice because the platform is free, rugged, and has most of the necessary tools needed by professional traders. It presents a user-friendly screen that is easy to learn and comes with technical analysis tools for analyzing the charts in real-time. Assets’ charts can be displayed in 9 timeframes; from one minute to 1 month. It comes with 30 inbuilt technical indicators but the number of indicators can be increased to thousands using plugin apps. Traders can automate their strategies by developing Expert Advisors (EAs) using the MQL4 coding language which comes with the MT4 package. You can also buy indicators, EAs, and trading tools from the MetaTrader market which is accessed from one of the MT4 tabs.

FXCL provides the MT4 as a downloadable Windows desktop application, apps for android and iOS devices as well as for instructions for installation on a MAC computer.

Research and Education


FXCL maintains a blog as a section of the website. It has a lot of articles grouped into popular, beginners, forex trading, and trading psychology. The articles are generally short but informative.


Forex glossary

FXCL presents a glossary made up of forex-related terms and their definitions all in one webpage. This makes it easy to search especially as they are arranged alphabetically. There are over 110 terms in the glossary.

Analysis theory

It comprises two articles; fundamental analysis and technical analysis. The two articles are written to introduce the two types of analysis to beginner traders.

Trading Calculator

FXCL provides a pip value and margin calculator. Just enter your account type, trading instrument, lots, leverage, and account currency. The calculator will calculate the contract size, pip value, spread, and margin.

FXCL Trading Calculator
FXCL Trading Calculator

Economic Calendar

This calendar shows the time and dates of important events and their impact on selected instruments. Clicking on any event gives its details which include analysts’ forecast, history, charts, etc. This tool is very important to fundamental analysts. The economic calendar is courtesy of MetaTrader.

FXCL Economic Calendar
FXCL Economic Calendar

Daily email forecasts

Traders are encouraged to subscribe to this service by completing the form on the website. Subscribed clients will receive exclusive updates, promotions, forex signals, and much more. The emails are daily and the service is free.

Customer Support

The FXCL support team can be reached via email at [email protected] and also through the online chat provided on the website. There is no phone number and so, the support team’s working hours are not stated. You can also fill the ‘contact us form on the website to reach the team. A frequently asked questions (FAQ) page is on the website; this is where there are answers that can help newbies to understand the services provided by FXCL. You can also reach out to them on social media; Facebook, Instagram, Twitter, and YouTube.

Bonus and Promotions

FXCL Bonus and Promotions
FXCL Bonus and Promotions

FXCL 15th Anniversary

Both new and existing clients are encouraged to partake in the broker’s 15th-anniversary promo that will run from Jan to Sept 2021. The grand prize is $10,000 which will go to a lucky client. To participate, just open a live account in this promo, deposit $300 at once, trade at least one standard lot to receive a ticket. At the end of each month, an automatic draw selects winners and rewards them with prizes (usually $500 each). But, the grand prize will be drawn on September 15th September 2021 and $10,000 will be won by a lucky trader.

100% smart bonus

Fill a form to participate in this promo and have all your deposits doubled. You will be able to cash out the bonus if you trade 20% of its amount.

Bonus account

With a bonus account, 5% of all deposits will be added as credits to the bonus account. 5% of withdrawals are also deducted from the account. Also, credits are accumulated into the bonus accounts when you trade from your live accounts except if you are an ECN pro account holder. You can trade or withdraw from the bonus account.

Automatic cashback

Every Sunday; Standard, Interbank Cent, and Interbank standard trading account holders receive automatic cash backs on loss positions traded within the week. This bonus is automatic and requires no activation.

Birthday present

10 days before or after their birthdays, interested clients can send the bonus request to [email protected], FXCL responds with a birthday offer. The next step is to make a deposit and FXCL will add (100+ your age) % of the deposit amount to your account as a birthday gift.

FXCL Insurance Program

This is an insurance scheme where a trader can protect 10% to 100% of his trading funds against losses. Start with making a deposit of at least $500, then apply for the insurance program and begin trading without fear knowing that your funds are insured. It is free but available only on the standard and cent accounts.


FXCL Markets is a global broker that has been in operation for 15 years, hence it’s 15th-year anniversary promo which has been rewarding traders with $500 monthly but the ultimate reward is $10,000 which will be won in Sept. 2021.

The broker allows all trading styles, multiple account types, and assets tradable via the MT4 trading platform. Tools like forex calculator, economic calendar, daily email forecasts, etc are provided. Also, several bonuses are available for the trader to enjoy.

The major bane of this brokerage firm is its unregulated status. In the world of forex trading, experts advise prospecting and active traders to avoid unregulated brokers because their operations are not supervised by any authority. This means that they can manipulate trades, refuse withdrawals, and generally provide unfair trading environments. Again, the size of trading instruments available on FXCL brokerage is small in comparison to other brokers. There is no structured trading academy, only random articles that are not sufficient to train a complete novice. Summarily, FXCL is a global and experienced broker but you should be very careful when dealing with unregulated brokers.

General Information

📛 Broker Name : FXCL
🏢 Company Name : FXCL Markets Ltd.
📅 Foundation Year : 2006
🏢 Headquarters : Ireland
💱 Base Currency : EUR, USD

Trading Preference

💰 Min. Deposit : 1 USD
💰 Max. Leverage : 1:500
📒 Mini Account :
📒 Islamic Account :
📒 Affiliate Account :

Payment Options

💰 Deposit Methods : Credit/debit cards, Neteller, Perfect Money, Skrill, UnionPay, Wire transfer
💰 Withdrawal Methods : Credit/debit cards, Neteller, Perfect Money, Skrill, UnionPay, Wire transfer

Trading Features

💰 Trading Platforms : MT4
📈 Hedging :
📈 Automatic Trading :
📈 Mobile Trading :


🎁 Other's Promotion :

Get Latest FXCL Promotion


💬 Live Chat :
✔️ Support Language : Chinese, English, Indonesian, Spanish, Thai

Contact Information

🌐 Website : https://www.fxclearing.com/
📧 E-mail : [email protected]
📋 Address : Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines

User Feedback

Leave a Reply

Your email address will not be published.