Risk Management Index
The Vanuatu Financial Services Commission (VFSC) was formally established in December 1993, after the Vanuatu Parliament enacted the Vanuatu Financial Services Commission Act No. 35 of 1993. Previous to this, the VFSC was the Registrar of Companies and the Official Receivership Department of the Treasury since 1971 under the then, British Administration and after independence in July 1980, the Ministry of Finance and Economic Management. The VFSC has set up four departments, namely Corporate Services, Legal Enforcement & Insolvency, Supervision and Registration.
License Type:Retail Forex License
Regulated in Country/AreaVanuatu
Regulatory License No.：14610
Email Address of Licensed Institution :--
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :--
Phone Number of Licensed Institution :--
Licensed Institution Certified Documents :FXCL 监管页截图 View Certified Documents
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The data are from WIKI Research 2021.06.13 updated
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Basic Information & Regulator of FXCL
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.
Safety Analysis of FXCL
The most important criterion to measure the safety of a forex broker is whether it is formally regulated. FXCL holds a retail forex license with the Vanuatu VFSC that has been revoked, so it is not currently regulated in any way. Investors should be careful to avoid FXCL.
Investors can trade the popular tradable instruments such as Forex currency pairs, indices, precious metals, and crude oil through the FXCL broker.
Leverage & Accounts of FXCL
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 & Commission Fees
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 Applied of FXCL
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 of FXCL
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.
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