Offers a variety of account types and promotional programs to cater to different traders.
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Cons
Fee Level: | Low |
Inactivity Fee: | None |
Index CFD Fee: | Low |
Investor Protection: | Compensation schemes vary by jurisdiction. |
Mobile Platform: |
Provides a cost-effective trading environment with minimal fees.
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Implements security measures such as negative balance protection and segregated client funds.
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FXCL supports deposits via bank transfers, cards, Skrill, Neteller, and crypto. Withdrawals take 1–5 business days. Some withdrawal fees apply, and bonus-related withdrawal restrictions exist.
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FXCL offers web-based registration with 2–3 day processing for ID and address documents.
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FXCL offers mobile trading through the MetaTrader 4 (MT4) app, providing standard features like real-time quotes and basic charting tools.
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FXCL utilizes the MT4 desktop platform, offering a stable environment with essential trading tools and support for automated trading strategies.
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FXCL's product range includes various forex pairs and CFDs on commodities and indices, suitable for traders focusing on major markets.
FXCL Markets Ltd. is registered in Saint Vincent and the Grenadines. Previously, it held a retail forex license from the Vanuatu Financial Services Commission (VFSC), but this license has been revoked. As of now, FXCL operates without valid regulatory oversight.
FXCL allows traders to start with a minimum deposit as low as $1. However, while this minimal amount may suffice for cent account types, it's recommended to maintain a higher balance for standard accounts to ensure adequate margin and risk management.
To deposit funds into your FXCL account, log in to your Trader's Cabinet and complete the online deposit form. FXCL supports various payment methods, including bank wire transfers, credit/debit cards, and several e-wallet options. Processing times and any associated fees depend on the chosen payment method.
