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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

FXCL

Saint Vincent and the Grenadines|5-10 years|
Regulated in Vanuatu|Suspicious Regulatory License|MT4/5 full license|Vanuatu Retail Forex License Revoked|High potential risk|

https://www.fxclearing.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

FXCL-Demo

MT4
6

Influence

B

Influence index NO.1

Thailand 7.10
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

6
Server Name
FXCL-Demo MT4
Server Location

Influence

Influence

B

Influence index NO.1

Thailand 7.10

Surpassed 57.66% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

china@fxclearing.com
https://www.fxclearing.com/
Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines
https://www.facebook.com/fxclearingthailand

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

FXCL Markets Ltd

Company Abbreviation

FXCL

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Twitter
Facebook
Instagram
YouTube

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 4
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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    Sources

    FXCL · Company Summary

    Company Summary

    Company profile

    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.

    image.png

    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.

    News

    Major Forex Currency Pairs: Understanding Their Features and Behavior

    NewsMajor Forex Currency Pairs: Understanding Their Features and Behavior

    2023-09-25 14:10

    Having a thorough grasp of the primary currency pairs is essential for individuals involved in Forex trading and investment. These pairs hold significant importance as they comprise the most influential economies globally and have the most substantial impact on market activities.

    WikiFX
    2023-09-25 14:10
    News
    Major Forex Currency Pairs: Understanding Their Features and Behavior
    What’s this broker all about?

    NewsWhat’s this broker all about?

    2021-12-15 22:08

    FXCL was established as an International Business Company in St. Vincent and the Grenadines. This means that the broker has a license from the Financial Services Authority (SVGFSA) with the registered address of Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown.

    WikiFX
    2021-12-15 22:08
    News
    What’s this broker all about?

    User Reviews

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    User comment

    5

    Comments

    Write a review

    Lucas 999
    more than one year
    They constantly put me in trades before the price reaches my entry and take me out before price reach my stop loss. For example, I Just had 2 trades running buy limits the trades hit, and went in my direction, yet my trade was not activated. FXCL is very dishonest and disgusting I'm going to close my account. Your company is very dishonest. FXCL can at least be honest, and stop cheating their clients. I can accept when a trade goes against me, I can accept my stop loss being hit, but don't place me in a trade before price gets there and don't take me out of the trade before price gets there. It's very dishonest of you FXCL.
    2024-03-11 11:22
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    0
    0
    Baby Face
    more than one year
    My experience with FXCL, registered in St. Vincent and the Grenadines, was disappointing. I faced issues with unapproved withdrawals and discovered that forex companies aren't regulated there, raising suspicions. I’ve shared dissatisfaction over refusal of my $2000 withdrawal request. FXCL has not proven to be reliable and I would advise caution when dealing with them.
    2023-12-13 14:52
    Reply
    0
    0
    FX1075428347
    more than one year
    My personal experience is to stay away from all Forex companies registered in St. Vincent and the Grenadines. Financial institutions there do not oversee currency exchange, so any company claiming to have a local license is highly suspect.
    2022-11-28 17:38
    Reply
    0
    0
    诺涵
    more than one year
    Everything seemed fine until I requested a withdrawal. The account manager has been rejecting my withdrawals for various unreasonable reasons. It was only then that I realized that I had been lied to and that they were not worthy of being trusted at all.
    2022-11-27 11:16
    Reply
    0
    0
    周丹
    more than one year
    I agreed with previous comments that this company is 100% scammer since I requested for my refund. The account manager keeps on denying my request with unending reasons. I hope your conscience will bother you and returned my investment of $2,000.
    2022-11-25 18:09
    Reply
    0
    0
    9
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