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FXCL -

Score

2.21 /10
Danger

FXCL

Saint Vincent and the Grenadines

5-10 years

Suspicious Regulatory License

MT4 Full License

Vanuatu Retail Forex License Revoked

High potential risk

https://www.fxclearing.com

Influence

B

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Comparison

Quantity 9

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.52

Risk Management Index0.00

Software Index8.22

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

FXCL Markets Ltd

Company Abbreviation

FXCL

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 4
Previous Detection : 2025-01-04
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

9 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Fxcl is fraudulent and scammers.

The remaining balance was gone..

2022-01-05 21:45
Unable to Withdraw

Fund is busted thru their ready made signals...

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...

2024-02-23 18:49
Scam

unable to withdraw

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 ?

2022-04-12 08:44
Scam

My balance unable to withdraw ???

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??

2022-04-07 06:08
Resolved

I can't withdraw my investment.

My trade analyst does not respond my request.

2021-10-28 09:39
Unable to Withdraw

scammer

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..

2022-04-13 22:17
Scam

unable to withdraw/SCAM

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??

2022-04-04 21:40
Unable to Withdraw

unable to withdraw

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 ?

2022-04-01 11:11
Unable to Withdraw

Cant withdraw my deposit

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$

2022-03-31 06:55
    Sources
    Data Source WikiFX Data provide
    Updated: 2025-01-04
    FXCL · Company summary
    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

    News

    NewsFXCL 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.

    WikiFX
    2024-08-01 12:41
    FXCL Summer Contest

    ExposureReview 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.

    WikiFX
    2024-04-16 18:07
    Review of FXCL Markets Ltd: Caution Advised for Potential Investors

    NewsMajor 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.

    WikiFX
    2023-09-25 14:10
    Major Forex Currency Pairs: Understanding Their Features and Behavior

    NewsWhat’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.

    WikiFX
    2021-12-15 22:08
    What’s this broker all about?
    About More

    User Reviews

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    User comment

    9

    Comments

    Write a review

    Juciee
    more than one year
    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.
    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.
    Translate to English
    2024-07-17 17:39
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    wuwuo
    more than one year
    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.
    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.
    Translate to English
    2024-06-04 14:40
    Reply
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    9