Abstract:FXCL Markets Ltd, part of FX Clearing Group Holding, is a forex brokerage firm dedicated to serving the investment needs of institutional and retail clients and helping them achieve their financial goals. FXCL is registered in St. Vincent and the Grenadines and is not currently regulated in any way.
General Information & Regulation
FXCL Markets Ltd, part of FX Clearing Group Holding, is an offshore broker offering trading in currency pairs and precious metals. FXCL is registered in St. Vincent and the Grenadines, which is an offshore tax-free destination, with registration procedure for forex and binary brokers fast and low cost. FXCL is not currently regulated in any way.
Market Instruments
Investors can trade with FXCL the tradable instruments including Forex currency pairs, indices, precious metals, and crude oil.
Minimum Deposit
There are quite a few trading accounts available on FXCL platform, with the minimum initial deposit of $1. Since FXCL is an unregulated broker, traders are advised to stay away from this broker.
Leverage
FXCL forex account types are divided into Fixed Accounts and Floating Accounts. Fixed Accounts include Cent Accounts and Standard Accounts with a maximum leverage of 1:1000. Floating Accounts include Interbank Cent Accounts, Interbank Standard Accounts, ECN Plus Accounts, and ECN Pro accounts with a maximum leverage of 1:500. Leverage is 1:100 for Forex, Metals, and 1:10 for Cryptocurrencies.
Spreads & Commissions
Spreads for EURUSD are 1 pip for Standard and Cent accounts, 1.1 pips for Interbank Cent, Interbank Standard and ECN Plus accounts, and 0.1 pips for ECN Pro accounts. The commission for forex, metals, and indices trading is 3US$3/per lot, and for crypto trading is 0.3% per lot.
Trading Platform
Traders trading on FXCL forex can use the MT4 trading software, the most popular and most popular trading platform on the market today, with its powerful technical analysis of icons to help traders make targeted trading decisions. FXCL MT4 supports EA smart trading, leverages up to 1:500, hedging, and supports iOS and Android mobile platforms.
Deposit & Withdrawal
FXCL welcomes various deposit and withdrawal methods: PayTrust Online Banking, Public Bank, Bitcoin, Perfect Money, Wire Transfer, Local Deposit, FasaPay, Dragon Pay, a monthly free withdrawal limit of $500 per deposit, and $100 per withdrawal.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.