FXCL Markets Review
Operating from Saint Vincent and the Grenadines, FXCL Markets is an online trading broker that caters to the trading needs of both institutional and retail traders, helping them achieve their financial goals. In addition to advanced information technologies and qualitative software, the broker provides clients with high-level brokerage services, including sophisticated trading platforms and a wide variety of trading instruments, amongst others. There are multiple account options with a required minimum deposit of $100, low spreads that start from 0 points, leverage of up to 1:1000, and zero commission on trades.
FXCL Markets Review, Pros & Cons
- MT4 trading platforms
- A range of trading & learning tools
- Several financial assets
- Unregulated broker
- Located offshore
- No USA clients
- No MetaTrader 5 platforms
- Not the tightest spreads
- No contact telephone number
In this detailed FXCL Markets review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
FXCL Markets Overview
FXCL Markets has been operating since 2006 in Saint Vincent and the Grenadines, providing traders across the globe with the highly advanced MT4 trading platform for trading multiple financial instruments across different asset classes, including forex, precious metals, commodities, and more. Traders benefit from a range of trading and learning tools.
FXCL Markets Regulation
FXCL Markets Limited is registered in Saint Vincent and the Grenadines as an International Business Company with the registration number 1637 CTD 2018. However, there is no regulatory information on the broker’s website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
FXCL Markets Countries
FXCL Markets Ltd. does not solicit residents of Japan, the US, and Canada to open trading accounts. Citizens of mentioned countries (regardless of residence) are not accepted. Residents and citizens of the UN-sanctioned countries are also not accepted.
Some FXCL Markets features and products mentioned within this FXCL Markets review may not be available to traders from certain countries because of legal restrictions.
FXCL Markets Platforms
FXCL Markets provides traders with the sophisticated MT4 trading platform. MT4 is one of the most popular and versatile platforms available today, offering powerful features to help you make educated trading decisions. The MT4 trading platform has a user-friendly interface, supports automated trading using expert advisors, and is packed with a range of analytical tools. FXCL Markets makes the MT4 trading platform available as a desktop application for Windows and Mac computers, a web trading terminal, and a mobile trading app that is compatible with Android and iOS devices.
FXCL Markets Trading Tools
Trading tools, such as the Daily Forex Forecasts, Economic Calendar, and Trading Calculators, are available on the broker’s website to aid traders in analyzing the financial markets.
FXCL Markets Education
The broker provides traders with a good selection of educational resources that help them in making informed trading decisions. They include trading blogs, company news, forex glossary, and an FAQ section.
FXCL Markets Instruments
The following trading instruments are offered to FXCL Markets’ clients: forex, precious metals, commodities, and more.
FXCL Markets Accounts & Fees
FXCL Markets offers a variety of different trading account options to meet the individual trading needs of clients. These include Cent, Standard, Interbank Cent, Interbank Standard, and ECN Plus accounts.
As broker fees can vary and change, there may be additional fees that are not listed in this FXCL Markets review. It is imperative to ensure that you check and understand all of the latest information before you open an FXCL Markets broker account for online trading.
FXCL Markets Support
The broker customer support team is available to give instant answers to clients’ inquiries, and they can be reached through email, Live Chat, and social media.
FXCL Markets Deposit & Withdrawal
The broker processes clients’ deposit and withdrawal request using any of the following payment methods:
- Bank wire transfer
- Online payment processors
FXCL Markets Account Opening
It is easy to create a trading account with FXCL Markets. Potential traders are required to click on the ‘Open Live Account’ button and follow the instructions.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
FXCL Markets Summary
FXCL Markets is primarily an online financial services provider that offers brokerage services to online traders, providing them with the intuitive MT4 trading platform to enable them to trade several financial markets. Traders are provided with a good selection of educational materials and a range of useful trading tools, while a professional customer support team is on hand to assist traders. There is a wide variety of trading account types available to clients. However, the broker is not regulated which amy be a red flag for some potential clients.
FXCL Markets Ltd. is compensated by the spread. Leverage may increase gains or losses. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. You should make sure you understand the risks involved, seeking independent advice if necessary.