FXCL Broker Review: Is FXCL Good?
Broker Overview: Is FXCL Safe?
FXCL (FXCL Markets Ltd.) was established in 2006. According to their website, the company is registered with the Companies and Intellectual Property Authority (CIPA) in Botswana under registration number UIN BW00005716042 and FXCL Markets Ltd. is registered in St. Vincent and the Grenadines. The long history of providing services to traders is enough to make FXCL a broker that is quite interesting. However, we need to search for complete information in every aspect in order to draw an accurate overview.
Broker Licensing and Regulation
If you ask whether FXCL broker is good or not, the first thing to consider is the license and regulation. From the inspection, it was found that
⚠️WARNING: This broker has no clear license or regulation. Lack of regulation may be risky for investors due to lack of guarantees of safety and standards set by regulatory agencies. Investors should consider and make decisions carefully before investing.
FXCL Products and Services
Trading products
Foreign Exchange (Forex)
Traders can trade foreign currencies around the world, speculating on changes in currency prices on the world market.
Precious metals
Invest in gold, silver or other precious metals. These assets are often used as a store of value or as a hedge against economic uncertainty.
Commodities
Invest in popular commodities such as oil, copper, wheat
Other services related to investment, such as fund services, accounting, brokerage, etc.
Trading Platform
MetaTrader 4 (MT4) is a very popular trading platform due to its ease of use, appealing to all types of traders, and its many outstanding features.
Ease of use: Has an easy-to-understand interface, suitable for both beginners and experienced users.
Versatile access: Available on computers (Windows, macOS), smartphones (Android, iOS) and via web browsers.
Free: Downloading and installing MT4 is free of charge.
A complete toolkit: A wide range of technical tools are available to help you analyze charts and plan your trades.
Safety: Trusted by traders worldwide
Account Type
There are two types of fixed spread accounts:
| Features |
| Cent |
| Standard |
| Account Currency |
| US cent, EU cent, MYR cent, THB cent |
| USD, EUR, MYR, THB, NGN |
| Leverage |
| Maximum 1:1000 |
| Maximum 1:500 |
| Spread |
| Fixed start 1 pip |
| Fixed start 1 pip |
| Commission |
| None |
| None |
| Swap Value |
| No swap |
| No swap |
There are 4 types of floating spread accounts:
Features |
Start |
Interbank Cent |
Interbank Standard |
ECN Pro |
Account Currency |
USD, MYR, THB |
US cent, MYR cent, THB cent |
USD, MYR, THB, NGN |
USD |
Leverage |
Maximum 1:2000 |
Maximum 1:500 |
Maximum 1:500 |
Currency pairs, Metal pairs: Up to 1:300 |
spread |
Floating |
Floating, start at 1.1 pips |
Floating, start at 1.1 pips |
Floating, start at 0.1 pip |
Maximum number of open orders |
50 |
150 |
150 |
300 |
Commission |
No |
No |
No |
Currency pairs, metals, indices: $3 per lot |
Swap Value |
No swap |
No swap |
No swap |
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(3x Swap Charge Days: Indices, Crypto - Friday, Metals - Wednesday)
|
There are 2 types of Special accounts.
Features |
Live Contest |
Volume Cash |
Account Currency |
USD |
USD |
Leverage |
Maximum 1:1000 |
Maximum 1:1000 |
spread |
Floating |
Floating |
Commission |
Currency pair, Metal pair: $1.5 per lot |
Currency pair, Metal pair: $1.5 per lot |
Swap Value |
No swap |
No swap |
FXCL Customer Service
Email: [email protected]
Line -https://line.me/ti/p/@952vukqe
Telegram -https://t.me/fxcl_signals
Facebook -https://www.facebook.com/fxclearingthailand
X -https://twitter.com/FXCL_Markets_
YouTube - https://www.youtube.com/channel/UC-LTrKPlncVCSe3LjpZtVUA
Pros and cons of FXCL
Pros
Cons
Not licensed
There is no chat channel on the website.
The minimum deposit and withdrawal amount is quite high.
Lack of information on deposit and withdrawal channels
Deposits and Withdrawals
Broker supports multiple deposit and withdrawal channels
Deposit:The money will be credited to your account within 1 hour (may be delayed up to 48 hours).
Withdraw money:Funds will be credited to your bank account within 2 business days (may be delayed up to 72 hours).
Deposit and withdrawal conditions
Minimum deposit and withdrawal amount: 600 baht
Deposits and withdrawals must be made by the account owner only.
1 trading account can choose 1 deposit channel.
There are no broker fees, but there may be fees from banks or service providers.
Summary: Is FXCL Broker Review Good?
Overall, FXCL broker meets the needs of traders in many aspects with various important elements, but its main disadvantage is the license and regulation. From the inspection, FXCL did not find a reliable license. This lack of license is a significant risk, so traders should consider carefully before deciding to invest with this broker.
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FXCL Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide which broker suits your needs.
