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Hirose Financial , FXCL Broker Comparison

Do you want to know which is the better broker between Hirose Financial and FXCL ?

In the table below, you can compare the features of Hirose Financial , FXCL side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
Hirose Financial
7.06
Regulated
Under guarantee
10-15 years
FCA,LFSA,FSA
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--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
MT4,LION Trader
--
3 points
100:1
EURUSD 1.9 GBPUSD 2.9 AUDUSD 2.9 USDJPY 1.9
0.00
--
0.01 lot
--
FXCL
2.23
No Regulation
Under guarantee
--
5-10 years
VFSC
BTC,Online bank (Paytrust),PerfectMoney,Local Deposit,Dragonpay,FasaPay
--
--
--
--
--
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--
--
--
--
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--
--
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--
--
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ECN Pro account,Volume Cash account,Live Contest account,Interbank Cent account,Interbank Standard account,Start account,Standard account,Cent account
--
--
Forex, metals: up to 1:300 Indices: up to 1:100 Crypto: up to 1:10
from 0.1
80.00
Floating
0.01
--

FXCL BrokersRelevant information

Hirose Financial 、 FXCL BrokersRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of hirose-financial, fxcl lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

hirose-financial

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

Hirose Financial Review Summary in 10 Points
Founded 2010
Registered Country/Region United Kingdom
Regulation FCA
Market Instruments Forex, Spot Gold
Demo Account Available
Leverage 1:30
EUR/USD Spread 0.8 pips
Trading Platforms MT4, LION Trader (ActTrader)
Minimum Deposit USD 0
Customer Support Email, Phone, Live chat, Request form

What is Hirose Financial?

Hirose Financial UK is a FCA regulated Forex trading company offering multiple trading solutions to the FX community basing in the UK. It is founded in 2010, a subsidiary of Hirose Tusyo of Japan. The broker provides online trading services for the foreign exchange market, allowing clients to trade various currency pairs. They offer both major and minor currency pairs, as well as exotic currency pairs.

Hirose Financial's home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• No commission fees • Limited trading instruments
• Demo account available • No MetaTrader 5 platform integration
• MetaTrader 4 (MT4) platform support • Limited payment methods
• No minimum deposit requirement
• Regulated by FCA
• Multiple base currencies available for accounts

Hirose Financial Alternative Brokers

There are many alternative brokers to Hirose Financial depending on the specific needs and preferences of the trader. Some popular options include:

  • IC Markets - A popular and reputable Forex and CFD broker with competitive pricing and advanced trading platforms.

  • Pepperstone- An award-winning Forex and CFD broker with low fees, fast execution speeds, and multiple trading platforms.

  • OANDA- A trusted global Forex and CFD broker with an easy-to-use trading platform, competitive pricing, and excellent customer service.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Hirose Financial Safe or Scam?

Based on the information available, Hirose Financial is authorized and regulated by the Financial Conduct Authority (FCA), which makes it appears to be a reliable and reputable online broker. But it is important to note that experience alone does not guarantee the legitimacy or security of a brokerage firm. Exposure of withdrawal and fraud issues are red flags that should not be ignored as well.

Anyway, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

Market Instruments

Hirose Financial UK offers a large range of Forex instruments for traders, with a wide selection of over 46 currency pairs to trade.

Forex trading involves the buying and selling of different currencies in pairs, with the aim of profiting from the fluctuations in their exchange rates. Traders can engage in trading major currency pairs such as EUR/USD, GBP/USD, USD/JPY, as well as minor and exotic currency pairs through Hirose Financial.

Accounts

Demo Account: Hirose Financial provides a free demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: Hirose Financial offers the advantage of no minimum deposit requirement to open a live account, allowing traders to start trading without any specific financial commitment while deposit requirements vary depending on the chosen deposit method.

Leverage

When it comes to leverage, Hirose Financial enables its clients to use the maximum trading leverage up to 1:30. Leverage is a mechanism that allows traders to control larger positions in the market with a smaller amount of capital. With a leverage ratio of 1:30, traders can potentially amplify their trading positions by up to 30 times their invested capital. This means that for every $1 of capital, traders can have exposure to $30 worth of assets in the market.

While leverage can magnify potential profits, it's important to note that it also increases the risk of losses. Higher leverage ratios come with increased market exposure and the possibility of larger losses if the trades move against the trader's expectations. Therefore, it's crucial for traders to use leverage judiciously and implement appropriate risk management strategies to protect their capital.

Hirose Financial's provision of leverage up to 1:30 may be suitable for traders who are comfortable with a certain level of risk and have a thorough understanding of the potential implications of trading with leverage. It's important for traders, especially beginners, to educate themselves about leverage, its risks, and how to use it responsibly before engaging in leveraged trading.

Spreads & Commissions

Hirose Financial offers competitive spreads on its trading platforms. For the LION Trader (ActTrader) platform, traders can benefit from spreads starting from as low as 0.7 pips. This means that the difference between the buying and selling prices of currency pairs or other instruments can be as minimal as 0.7 pips, offering potentially tighter pricing for traders.

On the MetaTrader 4 (MT4) platform, Hirose Financial provides spreads starting from 1.9 pips. While slightly higher than the LION Trader platform, it still offers competitive pricing for traders using MT4. Both platforms aim to offer traders access to tight spreads, allowing for more cost-effective trading.

Spreads

It's worth noting that Hirose Financial does not charge commissions on trades. This indicate that traders can execute their trades without incurring additional fees beyond the spread. This fee structure can be beneficial for traders, as it allows for more transparent and predictable transaction costs.

Commissions

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread (pips) Commissions (per lot)
Hirose Financial Variable No commissions
IC Markets 0.1 pips $7 (round turn)
Pepperstone 0.09 pips No commissions
OANDA 0.9 pips No commissions (except for ECN)

Please keep in mind that spread values can vary depending on market conditions, account type, and other factors. Commission structures may also differ based on the broker's pricing model and the type of account being used. It's important to review the official websites or contact the brokers directly for the most accurate and up-to-date information on spreads and commissions.

Trading Platforms

Hirose Financial UK offers its clients the flexibility to trade on multiple devices through their supported platforms. Traders can access the popular MetaTrader 4 (MT4) platform on various devices, including PC, iPad, iPhone, and Android devices. This allows for seamless trading experiences across different operating systems and devices, catering to the diverse needs of traders.

Additionally, Hirose Financial provides the Lion Trader platform, which is available on PC, iPhone, iPad and Android devices. The Lion Trader platform offers a user-friendly interface and features specifically designed to enhance the trading experience. Traders can conveniently access their trading accounts, monitor market movements, execute trades, and manage their positions from their preferred devices.

Trading Platforms

Overall, Hirose Financial's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker Trading Platforms
Hirose Financial MT4, Lion Trader
IC Markets MetaTrader 4, MetaTrader 5, cTrader
Pepperstone MetaTrader 4, MetaTrader 5, cTrader, WebTrader
OANDA OANDA Trade, MetaTrader 4, MT4 Hedging

Deposits & Withdrawals

Hirose Financial offers convenient options for depositing and withdrawing funds.

Deposits: Traders can make deposits using Neteller, a popular electronic payment method, or through wire transfers. Additionally, Hirose Financial allows for account balance transfers between accounts without any extra fees.

Deposit

Withdrawals: When it comes to withdrawals, traders have the choice of using Neteller, local wire transfer, or international wire transfer. Neteller offers a seamless and quick withdrawal process. Local wire transfers are available for withdrawals in GBP, EUR, and USD, with specific handling fees applicable. For international wire transfers, fees vary based on the currency, and additional fees may apply when funds are returned to the beneficiary bank.

Withdrawal

Fees

There are no extra fees when making deposit within Hirose Financial, while for withdrawals, theres different thresholds and handling fees:

Neteller: with Neteller withdrawals, there are no fees involved, and the minimum withdrawal amount is 20 GBP, 20 USD, or 20 EUR, maximum withdrawal limit is 5,000 USD per transaction.

Local wire transfers: Clients can expect a fee of £6.00 for GBP, £8.50 for EUR, and £8.50 for USD, along with a minimum withdrawal amount of 20 GBP, 20 USD, or 20 EUR by this method.

International wire transfers: there will be £5.00 for EUR and £8.50 for USD and GBP via this method, with a minimum withdrawal amount of 50 GBP, 50 USD, or 50 EUR.

It's important to note that additional fees may apply for certain transactions, such as when returning international wire transfers to the beneficiary bank. Clients should consult their own banks for specific details regarding any additional fees.

User Exposure on WikiFX

On our website, you can see that a report of unable to withdraw. Traders are encouraged to carefully review the available information. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

Hirose Financial provides multiple customer service options to assist its clients. Customers can reach out to Hirose Financial through various channels to address their queries and concerns as below:

Phone: +44 (0)20 3089 3880

Customer support email: info@hiroseuk.com.

Additionally, Hirose Financial offers a Contact Us form on their website. Customers can fill out this form with their queries, providing details about their specific needs or concerns.

Live chat support is also available for immediate assistance.

Additionally, Hirose Financial offers screen sharing functionality through Skype.

Besides of this, you can also get in touch with this broker on some social networks such as Twitter, Facebook and YouTube while their FAQ section is a valuable resource for finding quick answers to common queries as well.

Overall, Hirose Financial's customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Customer Service
Pros Cons
• Direct Contact • Quality and Expertise
• Accessibility
• Personalized Support
• Multi-channel support

Note: These pros and cons are subjective and may vary depending on the individual's experience with Hirose Financial's customer service.

Education

Hirose Financial offers a comprehensive educational package to support traders in their journey.

The educational resources include a forex guide, trading manual, and glossary, providing valuable insights and knowledge about the foreign exchange market. These resources aim to enhance traders' understanding of forex trading concepts, strategies, and terminology.

In addition to the foundational materials, Hirose Financial also offers educational resources on technical analysis and economic indicators. Technical analysis equips traders with tools and techniques to analyze price charts, identify trends, and make informed trading decisions. Economic indicators provide valuable information about the overall economic health which can impact currency markets. By understanding and interpreting these indicators, traders can better anticipate market movements and adjust their strategies accordingly.

Education

Whether traders are beginners or experienced, these educational materials can serve as valuable references to improve their trading abilities and make more informed decisions in the forex market.

Conclusion

According to available information, Hirose Financial is a regulated UK-based brokerage firm. While the firm has significant experience in the industry and offers a professional Forex trading and receives a lot of good reviews from their clients, it is important to consider certain factors such as reports of unable to withdraw that may raise concerns. It is critical that potential clients exercise caution, conduct thorough research and seek up-to-date information directly from Hirose Financial before making any investment decisions.

Frequently Asked Questions (FAQs)

Q 1: Is Hirose Financial regulated?
A 1: Yes. It is regulated by Financial Conduct Authority (FCA).
Q 2: At Hirose Financial, are there any regional restrictions for traders?
A 2: Yes. Hirose Financial UK is unable to open accounts from US citizens or residents and Japan residents.
Q 3: Does Hirose Financial offer demo accounts?
A 3: Yes.
Q 4: Does Hirose Financial offer the industry leading MT4 & MT5?
A 4: Yes. It offers MT4 on Windows, iOS and Android devices.
Q 5: What is the minimum deposit for Hirose Financial?
A 5: The minimum initial deposit to open an account is $0.
Q 6: Is Hirose Financial a good broker for beginners?
A 6: Yes. It is a good choice for beginners because it is regulated well and offers various Forex trading instruments with competitive trading conditions on the leading MT4 platforms and its own LION Trader. Also, it offers demo accounts that allow traders to practice trading without risking any real money.
fxcl
Aspect Information
Registered Country/Area St. Vincent and the Grenadines
Company Name FXCL Markets Ltd
Regulation Previous license revoked (Vanuatu Financial Services Commission)
Minimum Deposit Not specified (may vary by account type)
Maximum Leverage Up to 1:2000 (varies by account type)
Spreads Fixed and floating spreads (specifics vary by account type)
Trading Platforms MetaTrader 4 (MT4) on various devices
Tradable Assets Forex, Precious Metals, Commodities, Fund Management, Clearing, Primary Brokering, and other legal activities
Account Types Fixed Spread Account, Floating Spread Account, Special Accounts (specifics provided in previous responses)
Customer Support Email support, registered address (specifics provided in previous responses)
Payment Methods Various methods including Online Bank (Paytrust), Instant Deposits via 'H2P,' Crypto (AlphaPo), PerfectMoney, Local Deposit, FasaPay, Dragonpay (specifics provided in previous responses)
Educational Tools Forex glossary, Market analysis overview for beginners, Analysis theory (specifics provided in previous responses)

Overview

FXCL Markets Ltd operates from St. Vincent and the Grenadines and was previously regulated by the Vanuatu Financial Services Commission, although its license has been revoked. The company offers a range of trading account types with varying leverage options and spreads, and it utilizes the MetaTrader 4 (MT4) platform for trading across multiple devices. Tradable assets include Forex, Precious Metals, Commodities, Fund Management, Clearing, Primary Brokering, and other legal activities. While specific details like the founding year, minimum deposit requirements, and availability of demo or Islamic accounts are not provided, the broker offers email-based customer support and various payment methods. Educational resources include a Forex glossary and materials for both beginner and advanced traders.

basic-info

Regulation

Revoked.

FXCL MARKETS LTD previously held a Retail Forex License regulated by the Vanuatu Financial Services Commission (VFSC), permitting them to offer retail forex trading services. However, the license was revoked at an unspecified date. License revocation typically occurs due to non-compliance with regulatory requirements or financial misconduct. When a license is revoked, the entity is no longer authorized to provide regulated services, and they must cease their operations in that specific area. For detailed information about the revocation and its implications, further inquiry with the VFSC or additional sources is advisable.

regulation

Pros and Cons

Pros Cons
Offers a variety of trading instruments, including Forex, Precious Metals, and Commodities. Previous regulatory license was revoked, raising concerns about regulatory oversight.
Provides multiple account types with varying leverage, spreads, and trading conditions, catering to diverse trader preferences. Limited information available about the broker's history and track record.
Offers the popular MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and robust features. Limited information on the broker's educational resources and market analysis tools.
Supports a range of payment methods for both depositing and withdrawing funds, making it convenient for traders from different regions. Some account types have relatively high margin call and stop-out levels.
Customer support is accessible through email, providing traders with various options for assistance. Lack of information regarding trading fees, such as overnight swap rates.
Provides educational resources, including a Forex glossary and market analysis for beginners, to support traders at different skill levels. Limited transparency about trading spreads and commissions.

FXCL Markets offers a range of advantages, such as diverse trading instruments, multiple account types, and the popular MT4 platform. They also provide various payment methods and accessible customer support. However, concerns arise due to the revocation of their previous regulatory license and limited information on their history and educational resources. Traders should exercise caution and conduct thorough research when considering this broker.

Market Instruments

Based on the information provided, the broker offers a variety of trading instruments that encompass several categories, including Foreign Exchange (Forex), Precious Metals, Commodities, Fund Management, Clearing, Primary Brokering, and other legal activities. Here's a description of each category of market instruments offered by the broker:

  1. Foreign Exchange (Forex): Forex trading involves the exchange of one currency for another, and it is one of the most popular forms of trading. In this category, the broker likely provides a wide range of currency pairs for trading, allowing clients to speculate on the price movements of different currencies, such as EUR/USD, GBP/JPY, and more.

  2. Precious Metals: Precious metals trading typically includes instruments like gold, silver, platinum, and palladium. Traders can buy or sell these metals to profit from changes in their market prices. Precious metals are often considered safe-haven assets and are used for diversification and hedging purposes.

  3. Commodities: Commodities trading involves various physical goods like oil, natural gas, agricultural products, and more. These commodities are traded in futures and spot markets, and traders can speculate on price fluctuations. Commodity trading can be attractive for those looking to diversify their portfolios.

  4. Fund Management: Fund management implies that the broker may offer services related to managing investment funds. This could include portfolio management, asset allocation, and investment advisory services to help clients grow their investments.

  5. Clearing: Clearing services are often associated with the settlement and clearing of financial transactions, ensuring the smooth and secure transfer of assets between buyers and sellers. Brokers may offer clearing services to facilitate trading activities.

  6. Primary Brokering: Primary brokering typically refers to the intermediary role in trading securities. This may involve connecting buyers and sellers in various markets, such as stock exchanges or fixed-income markets, to execute trades.

  7. Other Legal Activities: This category is quite broad and could encompass a range of financial and legal services. It may include activities related to regulatory compliance, legal advisory, or other financial services permitted by the regulatory authorities.

Market Instrument Category Examples of Instruments
Foreign Exchange (Forex) Currency pairs (e.g., EUR/USD, GBP/JPY)
Precious Metals Gold, silver, platinum, palladium
Commodities Oil, natural gas, agricultural products
Fund Management Portfolio management, asset allocation
Clearing Settlement and clearing services
Primary Brokering Intermediary services for securities
Other Legal Activities Regulatory compliance, legal advisory

Please note that the specific instruments offered by the broker within each category may vary, and clients should refer to the broker's offerings and terms and conditions for precise details on available trading options.

market-instruments

Account Types

FXCL offers three tiered trading account types, each catering to the diverse needs and preferences of traders. These account types are designed to provide flexibility in terms of leverage, spreads, and trading conditions. Let's explore each account type in detail.

  1. Fixed Spread Account

    1. Account Currency: This account is available in US cent, EU cent, MYR cent, and THB cent for Cent accounts. For Standard accounts, it supports USD, EUR, MYR, THB, and NGN.

    2. Leverage: Cent accounts offer leverage up to 1:1000, while Standard accounts offer leverage up to 1:500.

    3. Spread: Both Cent and Standard accounts have fixed spreads, starting from 1 pip. The full spread list is available for reference.

    4. Margin Call/Stop Out Level: Both account types share a margin call level of 30% and a stop-out level of 10%.

    5. Execution: Instant execution is provided for both account types.

    6. Position Size: Cent accounts support positions ranging from 0.01 to 200.00 lots, while Standard accounts allow positions from 0.01 to 2.00 standard lots.

    7. Max. Number of Positions Online: Cent accounts allow up to 150 positions, while Standard accounts permit up to 100.

    8. Commission: There is no commission for trading in either account type.

    9. Quotes: Both account types offer basic quotes with 4 digits after the comma.

    10. Swap Interest: Swap-free options are available for traders who require them.

    11. Hedging Policy: Hedging is permitted except between swap and swap-free accounts.

    12. Locked-Up Margin for Hedged Positions: There is no locked-up margin for hedged positions in either account type.

    13. Strategy Policy: Generally, there are no limits on trading strategies for both account types.

  2. Floating Spread Account

    1. Account Currency: This account type supports USD, MYR, THB for Start accounts, US cent, MYR cent, THB cent for Interbank Cent accounts, USD, MYR, THB, NGN for Interbank Standard accounts, and USD for ECN Pro accounts.

    2. Leverage: The leverage varies, with Start accounts offering up to 1:2000, Interbank Cent and Interbank Standard accounts offering up to 1:500, and ECN Pro accounts offering up to 1:300 for Forex and metals, up to 1:100 for indices, and up to 1:10 for crypto.

    3. Spread: All these account types feature floating spreads, with different starting points. Detailed spread lists are available for reference.

    4. Margin Call/Stop Out Level: Margin call and stop-out levels vary between account types, offering flexibility to traders.

    5. Execution: Market execution is provided for all floating spread account types.

    6. Position Size: Position sizes vary across account types and asset classes, providing options for different trading strategies.

    7. Max. Number of Positions Online: The maximum number of online positions varies, allowing traders to choose their preferred trading volume.

    8. Commission: Commission structures differ for each account type and asset class.

    9. Quotes: All floating spread account types offer extended quotes with 5 digits after the comma.

    10. Swap Interest: Swap-free options are available, and swap interest varies based on the specific account type and asset class.

    11. Hedging Policy: Hedging is generally allowed, except between swap and swap-free accounts.

    12. Locked-Up Margin for Hedged Positions: There is no locked-up margin for hedged positions in any of these account types.

    13. Strategy Policy: The broker typically allows various trading strategies, including scalping and algorithmic trading, particularly in ECN Pro accounts.

  3. Special Accounts

    1. Account Currency: Both account types are denominated in USD.

    2. Leverage: Leverage of up to 1:1000 is available for both Live Contest and Volume Cash accounts.

    3. Spread: These accounts offer floating spreads, and detailed spread lists are provided.

    4. Margin Call/Stop Out Level: Both account types share a margin call level of 70% and a stop-out level of 50%.

    5. Execution: Automatic Market Execution is applied to both account types.

    6. Position Size: Position size ranges are suitable for Forex and metals trading.

    7. Max. Number of Positions Online: Traders can maintain a maximum of 50 positions online in these accounts.

    8. Commission: There is a commission of $1.5 per lot for Forex and metals trading in both Live Contest and Volume Cash accounts.

    9. Quotes: Both account types offer extended quotes with 5 digits after the comma.

    10. Swap Interest: Swap-free options are available for traders who require them.

    11. Hedging Policy: Hedging is allowed in both account types, except between swap and swap-free accounts.

    12. Locked-Up Margin for Hedged Positions: There is no locked-up margin for hedged positions in these accounts.

    13. Strategy Policy: Generally, there are no limits on trading strategies for both Live Contest and Volume Cash accounts.

Account Type Account Currency Leverage Spread Type Margin Call/Stop Out Execution Max. Position Size Max. Positions Online Commission Quotes Swap Interest Hedging Policy Locked-Up Margin for Hedged Positions Strategy Policy
Fixed Spread Cent: US cent, EU cent, MYR cent, THB cent Standard: USD, EUR, MYR, THB, NGN Up to 1:1000 (Cent) Up to 1:500 (Standard) Fixed, starting from 1 pip 30%/10% Instant Cent: 0.01 - 200.00 lot Standard: 0.01 - 2.00 standard lot Cent: 150 Standard: 100 No Basic (4 digits) Swap-free available Hedging allowed except between swap and swap-free accounts 0% Generally, no limits
Floating Spread Start: USD, MYR, THB Interbank Cent: US cent, MYR cent, THB cent Interbank Standard: USD, MYR, THB, NGN ECN Pro: USD Start: Up to 1:2000 Interbank Cent/Standard: Up to 1:500 ECN Pro: Up to 1:300 (Forex, metals) Up to 1:100 (Indices) Up to 1:10 (Crypto) Floating Varies Market Varies based on account type and asset class Varies based on account type Varies Extended (5 digits) Swap-free available Hedging allowed except between swap and swap-free accounts 0% Generally, no limits
Special Accounts Live Contest: USD Volume Cash: USD Up to 1:1000 Floating 70%/50% Automatic Market Execution 0.01 - 3.00 standard lot 50 $1.5 per lot (Forex, metals) Extended (5 digits) Swap-free Hedging allowed except between swap and swap-free accounts 0% Generally, no limits
account-types

Leverage

A leverage ratio of 1:2000 means for every $1 you deposit, the broker provides you with up to $2000 in trading funds. It amplifies potential profits but also increases risk, so it's crucial to trade responsibly and be aware of market movements to avoid losses. Leverage availability varies among brokers and markets, and it's essential to understand your broker's specific terms and conditions.

leverage

Spreads & Commissions

  1. Fixed Spread Accounts:

  • Cent Account: Fixed spreads starting from 1 pip, no commission.

  • Standard Account: Fixed spreads starting from 1 pip, no commission.

  1. Floating Spread Accounts:

  • Start Account: Floating spreads, no commission.

  • Interbank Cent Account: Floating spreads starting from 1.1 pip, no commission.

  • Interbank Standard Account: Floating spreads starting from 1.1 pip, no commission.

  • ECN Pro Account: Floating spreads, commissions vary ($3 per lot for Forex and metals; 0.15% per lot for cryptocurrencies).

  1. Special Accounts:

  • Live Contest Account: Floating spreads, commission of $1.5 per lot for Forex and metals.

  • Volume Cash Account: Floating spreads, commission of $1.5 per lot for Forex and metals.

This summary provides a clear overview of the spreads and commissions associated with each account type, helping traders make informed choices based on their trading preferences.

Deposit & Withdrawal

Depositing Funds:

When you open your trading account, you can easily deposit funds directly from your Trader's Cabinet, where you'll find step-by-step instructions. The broker offers several payment methods for depositing funds:

  1. Online Bank (Paytrust): This local payment method allows deposits from the main banks of Indonesia, Malaysia, and Vietnam. It provides instant deposits.

  2. Instant Deposits via 'H2P': You can make instant deposits from the main local banks of Indonesia, Malaysia, and Vietnam using the 'H2P' payment system. FXCL covers the fees for deposits made through this method.

  3. Crypto (AlphaPo): This is an instant payment system with automatic conversion from BTC and USDT to USD and EUR. It offers an easy deposit procedure.

  4. PerfectMoney: You can fund your PerfectMoney account directly by wire transfer or via exchangers. It's an instant payment system with low fees.

  5. Local Deposit: This convenient, low-fee payment method allows you to work with your local currency through internal transfers to popular national banks. Processing of Local Deposits takes up to 1 business day.

  6. FasaPay: A known payment service that guarantees quick and safe transactions, available in USD and IDR for Indonesia and in USD for Malaysia. FXCL provides full fee coverage for FasaPay deposits.

  7. Dragonpay: Allows deposits in PHP via online banking and ATMs for clients from the Philippines.

Withdrawing Funds:

To withdraw your funds, you can log in to your Trader's Cabinet and make a withdrawal request, which will be processed within 1 business day. Please note that you need to verify your profile before withdrawing funds. The withdrawal methods available include:

  1. Online Bank (Paytrust): This method processes withdrawals to the main banks of Indonesia, Malaysia, and Vietnam.

  2. Local Payments via 'H2P': Withdrawals to the main local banks of Indonesia, Malaysia, and Vietnam can be made using the 'H2P' payment system.

  3. Crypto (AlphaPo): An instant payment system with automatic BTC to USD and EUR conversion.

  4. PerfectMoney: You can withdraw funds directly via wire transfer or exchangers if you funded your PerfectMoney account with a Credit Card or other e-currencies. It offers low fees.

  5. Local Deposit: Similar to the deposit process, this method allows low-fee withdrawals in your local currency through internal transfers to popular national banks.

  6. FasaPay: Known for quick and safe transactions, available in USD and IDR for Indonesia and in USD for Malaysia. Withdrawal fees for FasaPay are very low.

  7. Dragonpay: Enables withdrawals in PHP via online banking and ATMs for clients from the Philippines.

It's important to follow some basic rules when making requests:

  • Third-party transactions are not accepted.

  • Deposit methods on the same account cannot be mixed.

  • Withdrawal methods can be mixed, and the broker may cover payment fees as part of a promotional campaign.

  • The limits for fee coverage are $500 for deposits and $100 for withdrawals per trader per month.

  • The company retains the right to apply reverse compensation fees, and the fee may be deducted from available funds across the client's accounts.

In summary, this broker offers a variety of payment methods for both depositing and withdrawing funds, catering to traders from different regions and preferences. The process is user-friendly and ensures the security of transactions.

deposit-withdrawal

Trading Platforms

This broker provides the highly popular MetaTrader 4 (MT4) trading platform, trusted by millions of traders worldwide. MT4 is available for various operating systems, including Android, iOS, Windows, macOS, and via a web terminal or the AppGallery for Android devices.

To install MT4 on Windows, traders can download the fxcl4setup.exe file and initiate the installation process by clicking on it. Accepting the License Agreement starts the automatic installation, and users can also choose to save the installation file for later use. Importantly, this download and installation are entirely free.

For uninstalling MT4 on Windows, users can access the Control Panel, select “Add or Remove Programs” (or “Programs and Features” in Windows 7), locate “MetaTrader – FXClearing,” and confirm the uninstallation.

Additionally, useful documentation is available, including the “MT4 User Guide” for platform features and the “FXCL Markets End-User License Agreement (EULA)” for legal terms.

In summary, this broker offers the widely trusted MetaTrader 4 (MT4) platform, accessible across various devices and operating systems. MT4 is known for its user-friendly interface and robust trading capabilities, making it a preferred choice for traders of all levels.

trading-platform

Customer Support

Customer Support at this broker is easily accessible through various means, providing traders with multiple options to address their inquiries or concerns.

Contact Options:

  1. Email Support: Traders can reach out to the broker by sending an email. The required contact details include your name, email address, MT4 Account number, and the nature of your inquiry or message. This method allows for detailed communication and documentation of queries.

  2. Registered Address: The broker provides its registered address as Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines. While this address is primarily for official purposes, it can serve as a reference point.

  3. Email Addresses: The broker offers specific email addresses for different purposes, such as general support inquiries via support@fxclearing.com and bonus-related requests via rebate@fxclearing.com. This segmentation allows for efficient handling of various types of requests.

Customer-Centric Approach:

The broker's customer support team aims to provide timely and helpful assistance to traders. Whether it's inquiries about trading, account management, technical issues, or bonus-related matters, traders can expect a dedicated response based on the nature of their query.

The provision of specific email addresses for different types of requests ensures that inquiries are directed to the appropriate department, streamlining the support process. This tailored approach allows for more efficient and effective customer service.

In summary, this broker offers a customer support system designed to meet the diverse needs of traders. With multiple contact options and specialized email addresses, traders can easily reach out for assistance and expect a customer-centric approach to addressing their queries and concerns.

customer-support

Educational Resources

FXCL Markets offers a robust array of educational resources to support traders at all levels. These resources include:

  1. Forex Glossary: FXCL Markets provides a comprehensive Forex glossary, offering traders valuable definitions and terminology essential for their trading journey.

  2. Market Analysis Overview for Beginners: Tailored for novice traders, this overview introduces the fundamental concepts of market analysis, encompassing both fundamental and technical aspects.

  3. Analysis Theory: FXCL Markets recognizes the importance of proper market analysis. Their educational materials delve into the intricacies of fundamental and technical analysis, empowering traders to make informed decisions.

In essence, FXCL Markets' educational resources cover the essentials, making it a valuable hub for traders seeking to enhance their trading knowledge and skills. Explore these resources further on the FXCL Markets Education page.

educational-resources

Summary

FXCL Markets is a Forex broker offering various trading instruments across categories like Foreign Exchange (Forex), Precious Metals, Commodities, Fund Management, Clearing, Primary Brokering, and more. Traders can choose from three account types, each with distinct features to cater to their preferences. The broker provides the popular MetaTrader 4 (MT4) trading platform, accessible on multiple devices. Traders can deposit and withdraw funds through various methods, making transactions easy and secure. FXCL Markets places emphasis on customer support, offering multiple contact options and specialized email addresses for inquiries. Additionally, they provide a range of educational resources to support traders at all levels, including a Forex glossary and market analysis materials. It's important to note that their previous regulatory license has been revoked, and traders should exercise caution.

FAQs

Q1: What is FXCL Markets?

A1: FXCL Markets is a brokerage firm that offers online trading services in various financial markets, including Forex, Precious Metals, Commodities, and more.

Q2: Is FXCL Markets regulated?

A2: FXCL Markets previously held a retail forex license regulated by the Vanuatu Financial Services Commission (VFSC), but the license was revoked. Traders should conduct further research to understand the implications of this revocation.

Q3: What trading platforms does FXCL Markets offer?

A3: FXCL Markets provides the MetaTrader 4 (MT4) trading platform, available for different operating systems, including Android, iOS, Windows, macOS, and web-based.

Q4: What are the account types at FXCL Markets?

A4: FXCL Markets offers three types of accounts: Fixed Spread, Floating Spread, and Special Accounts, each designed to cater to specific trading preferences and conditions.

Q5: How can I contact FXCL Markets' customer support?

A5: You can contact FXCL Markets' customer support by sending an email to support@fxclearing.com for general inquiries or rebate@fxclearing.com for bonus-related requests. Additionally, you can find their registered address in St. Vincent and the Grenadines for reference.

Are the transaction costs and expenses of hirose-financial, fxcl lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive hirose-financial and fxcl are, we first considered common fees for standard accounts. On hirose-financial, the average spread for the EUR/USD currency pair is EURUSD 1.9 GBPUSD 2.9 AUDUSD 2.9 USDJPY 1.9 pips, while on fxcl the spread is from 0.1.

Which broker between hirose-financial, fxcl is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

hirose-financial is regulated by FCA,LFSA,FSA. fxcl is regulated by VFSC.

Which broker between hirose-financial, fxcl provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

hirose-financial provides trading platform including MT4,LION Trader and trading variety including --. fxcl provides trading platform including ECN Pro account,Volume Cash account,Live Contest account,Interbank Cent account,Interbank Standard account,Start account,Standard account,Cent account and trading variety including --.

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