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On-line since: 2006
Country of origin: Republic of Vanuatu
Regulation: Ministry of Finance and Economic Management of Republic of Vanuatu
Payment options: bank transfer, payment systems such as NETELLER, Ok Pay, SKRILL, Perfect Money, Yandex Money, Payza, and Bitcoin
Minimum account size: $1
Minimum lot size: 0.01 lot
Leverage: up to 1:500
Spreads: from 0.8 pip

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:

• Minimum deposit $1;
• Leverage up to 1:1,000;
• Fixed spreads from 2 pips;
• No swap and no commission;
• Maximum amount of orders: 20;
• Instant order execution.

The Micro Cent account:

• Minimum deposit $1;
• Leverage up to 1:500;
• Fixed spreads from 1 pip;
• No swap and no commission;
• Maximum amount of orders: 70;
• Instant order execution.

The Mini account:

• Minimum deposit $1;
• Leverage up to 1:500;
• Fixed spreads from 1 pip;
• No swap and no commission;
• Maximum amount of orders: 50;
• Instant order execution.

The ECN Light account:

• Minimum deposit $1;
• Leverage up to 1:500;
• Spreads from 0.6 pip;
• No commission;
• Market execution order;
• Maximum amount of orders: 50.

The ECN Interbank account:

• Minimum deposit $1;
• Leverage up to 1:500;
• spread of 0.2 pip per lot for swap accounts and 0.6 pip per lot for swap-free accounts;
• No swap and no commission;
• Market execution order;
• Maximum amount of orders: 70.

The ECN Plus account:

• Minimum deposit $1;
• Leverage up to 1:500;
• spread of 0.6 pip per lot for swap accounts and 1.6 pips per lot for swap-free accounts;
• No swap and no commission;
• Market execution order;
• Maximum amount of orders: 70.

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.