On-line since: About company: FXCL is managed by FXCL Markets Ltd., which operates as a part of FX Clearing Group Holding. FXCL Markets Ltd. is registered in Belize and regulated by the International Financial Services Commission. The license gives the right to conduct brokerage activities, make transactions, and operate in the world foreign exchange market. Besides, the company is also regulated by the FMRRC in Russia. Clients trade via the MetaTrader 4 platform available on a computer, tablets, and mobile devices. Binary options trading is conducted on the Binarystation platform. The Beginner account:
The Micro Cent account:
The Mini account:
The ECN Light account:
The ECN Interbank account:
The ECN Plus account:
The Micro Cent and ECN Light accounts are opened in cents. ECN Plus allows the use of all types of advisers, while spamming advisers are prohibited for the other accounts. The minimum deal size is 0.01 lot for each account type. Hedging between swap and swap-free is also possible on all accounts. The leverage depends on the account type and the deposit amount. The broker regularly organizes promotions and offers its clients various bonuses such as 60% Deposit Bonus to a live trading account, $50 No Deposit Bonus, and 110% bonus as a birthday gift. Besides, the holders of the Mini, ECN Light, and ECN Interbank accounts are partially compensated for losses by the broker. The necessary countings are conducted at the end of every week, on Sunday. This bonus is also available for accounts with a negative balance. It can fully or partially settle a trader’s debt. The broker does not provide its services to the residents of Japan, the US, and Canada.
3/10
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I've found a better result on the FXCL platform with the fastest execution and a lot of features. I found many technical analyses and indicators tools too. Even I have used Expert Advisors (EAs) in my trading. Till now my EAs work and getting a $520 profit so far. I've withdrawn almost my profit via Neteller. I am safe with FXCL broker.
FXCL is far the best broker I have ever used. It has the best trading atmosphere than other brokers. Their execution speeds are very quick; their support is responsive and helpful. Withdrawals so far have been very speedy. They promised that it would appear in two days, but it came just in two hours. Excellent broker!
My trading at FXCL is not smooth-sailing. The transactions are always processed on time. Withdrawals always delay for more than 2 days. I deposit and receive through Skrill, and there are times when the money is transferred after a week. Talking about the trading experience, I really have a concern. Their website design looks very dull and unattractive to me. Trading with them is only wasting my time because I have to wait for a long time for every transaction. So I don't want to continue my trading with them and closed my account at this broker.
FXCL claims that they have tight spreads, but don't believe that. I opened an account with them because of that but now that I am making my trades, the spread has never went below 5pips. It is not worth it.
I joined FXCL 3 months ago. I invested $250 and made a profit of $200. But I can't withdraw my profit through Neteller because they refused my WD request. I called their customer support and they said I can't take it due to some rules. They didn't tell me what kind of rules it was, they didn't give me clear answer. All I know is that I have lost it and I'm very disappointed trading with this broker.
FXCL was my 4th forex broker. I started with demo account; everything seems to be just right for me. After starting to use the same EA on The ECN Plus account: with exactly the same settings, I found that the trades are totally different between the demo and live accounts there are around 8-10 pips price gap. I was asked them regarding this issue but they claimed that the price feed are the same for my demo/live accounts. I send them the some screenshot of price gap, till than they never replied me back. So I would not suggest this broker.
I have profits in my account and when I requested a withdrawal they disabled it and they not allow me to withdraw. And I tried to get my money with them last month but they blocked my account and they never intend to call me. I stop from this broker. And just remind you to stay away from FXCL brokers. Their spread means nothing. They will stop you out even if the price is several pips plus spread away. I am moving my money away from them.
They manipulate the rates on the platform. They widen the spreads. They screw people when they want to close positions and they also make life hell before they send back any money to anyone. They will do anything to keep customers funds in their greedy hands. Execution will late for 3-5 second make me miss the best price. Same goes with closing profit position execution speed will always slow to follow my orders.
I have traded in a standard account with $200 deposit in FXCM broker. I had no issue but recently I have noticed that some suspicious activities on MetaTrader 4 platform and their Commission. As they had increased spread up to 8 pips and my profitable positions didn't close occasionally, while I can't withdrawal via Neteller and it passed already two weeks. Actually Now I have quite traded with FXCL broker.
I want to scalp trade with FXCM broker but suddenly MT4 terminal is unable to work and they increased the spreads. I have an ECN Interbank account. While I have seen a few positive feelings after making some profit but they are just ignoring to withdrawal and trading. The bonus is bogus, as I have to deposit $100. So I think they just wasted our time and trust. As a trader, I have been tested many brokers, while FXCM service is the worst in the market. now I have left them forever.
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