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FXCL -

Score

2.22 /10
Danger

FXCL

Saint Vincent and the Grenadines

5-10 years

Suspicious Regulatory License

MT4 Full License

Regional Brokers

Vanuatu Retail Forex License Revoked

High potential risk

https://www.fxclearing.com/

Benchmark

D

Influence

C

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Comparison

Quantity 9

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.58

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

open now

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

X

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YouTube

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2025-04-30
  • 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

FXCL · Benchmark
Average transaction speed(ms)
1276.3 Poor
The highest transaction speed(ms)
344 Poor
The highest speed of opening positions(ms)
344
The highest speed of closing position(ms)
359
The lowest speed of opening positions(ms)
1921
The lowest speed of closing position(ms)
1687
Ranking： 125 / 125
Test user 172
Transactions 2,367
Ocuppied margin $249,502 USD
Data Source WikiFX Data provide
Updated: 2025-04-29 01:04:00

Exposure

9 pieces of exposure in total
Pyramid scheme complaint
Expose
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??

cenon lumabad
2022-04-07 06:08
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 ?

cenon lumabad
2022-04-12 08:44
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...

mike3935
2024-02-23 18:49
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..

cenon lumabad
2022-04-13 22:17
Sources
Data Source WikiFX Data provide
Updated: 2025-04-30
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

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.

WikiFX
2025-01-09 17:17
FXCL Lucky Winter Festival Begins

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?
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User Reviews

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User comment

8

Comments

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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
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0
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9