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FXCL review
FXCL


On-line since: 2006
Country of origin: Republic of Vanuatu
Regulation: Ministry of Finance and Economic Management of Republic of Vanuatu
Payment options: bank transfer, payment systems such as NETELLER, Ok Pay, SKRILL, Perfect Money, Yandex Money, Payza, and Bitcoin
Minimum account size: $1
Minimum lot size: 0.01 lot
Leverage: up to 1:500
Spreads: from 0.8 pip

About company:

FXCL is managed by FXCL Markets Ltd., which operates as a part of FX Clearing Group Holding. FXCL Markets Ltd. is registered in Belize and regulated by the International Financial Services Commission. The license gives the right to conduct brokerage activities, make transactions, and operate in the world foreign exchange market. Besides, the company is also regulated by the FMRRC in Russia.

Clients trade via the MetaTrader 4 platform available on a computer, tablets, and mobile devices. Binary options trading is conducted on the Binarystation platform.

The Beginner account:

  • Minimum deposit $1;
  • Leverage up to 1:1,000;
  • Fixed spreads from 2 pips;
  • No swap and no commission;
  • Maximum amount of orders: 20;
  • Instant order execution.

The Micro Cent account:

  • Minimum deposit $1;
  • Leverage up to 1:500;
  • Fixed spreads from 1 pip;
  • No swap and no commission;
  • Maximum amount of orders: 70;
  • Instant order execution.

The Mini account:

  • Minimum deposit $1;
  • Leverage up to 1:500;
  • Fixed spreads from 1 pip;
  • No swap and no commission;
  • Maximum amount of orders: 50;
  • Instant order execution.

The ECN Light account:

  • Minimum deposit $1;
  • Leverage up to 1:500;
  • Spreads from 0.6 pip;
  • No commission;
  • Market execution order;
  • Maximum amount of orders: 50.

The ECN Interbank account:

  • Minimum deposit $1;
  • Leverage up to 1:500;
  • spread of 0.2 pip per lot for swap accounts and 0.6 pip per lot for swap-free accounts;
  • No swap and no commission;
  • Market execution order;
  • Maximum amount of orders: 70.

The ECN Plus account:

  • Minimum deposit $1;
  • Leverage up to 1:500;
  • spread of 0.6 pip per lot for swap accounts and 1.6 pips per lot for swap-free accounts;
  • No swap and no commission;
  • Market execution order;
  • Maximum amount of orders: 70.

The Micro Cent and ECN Light accounts are opened in cents. ECN Plus allows the use of all types of advisers, while spamming advisers are prohibited for the other accounts. The minimum deal size is 0.01 lot for each account type. Hedging between swap and swap-free is also possible on all accounts. The leverage depends on the account type and the deposit amount.

The broker regularly organizes promotions and offers its clients various bonuses such as 60% Deposit Bonus to a live trading account, $50 No Deposit Bonus, and 110% bonus as a birthday gift. Besides, the holders of the Mini, ECN Light, and ECN Interbank accounts are partially compensated for losses by the broker. The necessary countings are conducted at the end of every week, on Sunday. This bonus is also available for accounts with a negative balance. It can fully or partially settle a trader’s debt.

The broker does not provide its services to the residents of Japan, the US, and Canada.

FXCL 3/10 (votes 2193)
Author of FXCL: PercyChauke | Date 2018-11-20
I want to scalp trade with FXCM broker but suddenly MT4 terminal is unable to work and they increased the spreads. I have an ECN Interbank account. While I have seen a few positive feelings after making some profit but they are just ignoring to withdrawal and trading. The bonus is bogus, as I have to deposit $100. So I think they just wasted our time and trust. As a trader, I have been tested many brokers, while FXCM service is the worst in the market. now I have left them forever.
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Author of FXCL: fxsabebehpeng | Date 2018-09-10
FXCL is the broker that suggested by my friend when I said that I wants to open a trading account. She has been a trader for 2 years and now has been able to collect a lot of profit. Her trading experience with this broker are good and fun because FXCL always providing the best and comfort their traders priority. Their trading platform use MetaTrader 4 and the minimal deposit only $1. she really satisfied with the bonus and profit are always provided. But another trader comments on the website or other online sites said the different fact. They argue otherwise, and felt cheated by a broker is because the profit that get is not increasing and there is rarely a bonus they get. I'm still confused to open a trading account in this broker or not.
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Author of FXCL: Juliefx | Date 2018-04-30
I have a micro cent account with FXCL and till now I didn't had complains, but starting the last month the platform MetaTrader 4 started to crash and to have delays and no Instant Execution. I like the fixed spread of 1 pip for EUR/USD, and I also trade EUR/JPY and USD/JPY. I called the support team and emailed but I never had an official answer of this delays. My Stop Loss limit sometimes is changed in my trading account. I don;t recommend them because is not a serious broker.
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Author of FXCL: Kenku | Date 2018-03-13
FXCL have myriad ways of ripping you off your money. They are no one trick pony. When you place stops and limits on your trades, they will eventually initiate as new orders once your original trade has completed. So, if you should pick up a few hundred dollars on a trade, which has hit the limit you set for it, you have to go fairly soon to your computer to cancel the limit order before it initiates as a separate order. If you are not around to do this, it will essentially reverse your previous trade and suck away all your profits. This is a neat trick used by fxcl to steal one's money, I will never recommend this broker.
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Author of FXCL: piphokajih | Date 2018-01-22
I just joined FXCL a week, I interested in this broker because their minimum account size only $1 and I can trade via the MetaTrader 4 platform available on a computer, tablets, and mobile devices. I trade 2 days ago, and I could see that their execution is fair, slippage rarely happens. But until today I did not get that profit yet, and the platform keep freezing on a computer and can't login in mobile devices. I still don't know why it happened, so I contacted them for explanation. But they don't give me any answer except ask me to wain for 3 days. I hope they give my profit and money back, and I want to find another broker.
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Author of FXCL: jeremy jordan | Date 2017-10-12
FXCL is not recommended broker from me because of their platform is really bad in delivered my orders which is execution speed totally slow. Every time I made an order whether instant or pending order, execution will late for 3-5 second make me miss the best price. Same goes with closing profit position execution speed will always slow to follow my orders. The other problem is their server is not stable which sometimes server down will make you can’t trade the whole day when their tech guy doing their job. The customer support really helpful when you ask about this issue because they can’t even give the best answer to calm you down. Due to this issue, I made a decision to closed all account because to me platform is the important thing they should take good care because by having a good trading platform trader can generate income from that and stay with them longer.
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Author of FXCL: Joseph | Date 2017-08-18
What I like the most about this broker is the different types of account it has as no all the traders have the same needs. Also, it is easy to switch to another account if you have other needs as you are getting experience. I like the way the broker works, it provides the best services and the best trading conditions: fixed spreads, an efficient support team which replies your doubts very fast, they are well trained. The trading platform is fast too, it executes my order in less of 2 seconds, so the prices is always respected. My trades with EURUSD, EURJPY and USDCAD are very profitable. I trade from time to time with Gold too. Excellent broker.
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Author of FXCL: Hulan | Date 2017-07-28
i have been trading with FXCL broker for almost a month. So far so good, except the platform. I had to use MT4 platform from other broker for its much easier to watch several chart simultaneously which FXCL platform can't but I compare their prices while trading life and still discover that they are all the same at least. . Also, Very much an entry level broker, ideal for the discerning noob who is just starting out. But for trading serious money I'd look elsewhere. Last night, I think I did close to 30 trades out of that atleast 12 times my stop got triggered, even though the market moved favorably! Other than that I think its a good site to learn the ropes. FXCL is alright to practice with but beyond that I would not recommend it.
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