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FXCL Broker Overview

Discover FXCL, a broker founded in 2006, offering forex and CFD trading with a client-centric approach, competitive conditions, and global reach.

Updated: 14 April 2026

Overall Rating

4.9 / 5

Min Deposit

$1

Instruments

7

Regulation

SVG VSA

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About its history and mission

FXCL or FXCL Markets was established in 2006 in order to give access to forex and CFD trading to retail consumers and institutional investors. With its customer-based approach, the company wants to get involved in delivering competitive trading conditions as well as innovative solutions for traders across the world.

Founded
2006
Headquarters
Address
Website

Strengths and Weaknesses

Strengths

  • Regular trading contents with cash prizes, referral schemes and incentives for new and existing traders
  • Integrated MT4 web platform and mobile app with analysis tools and custom charting
  • Loss-free trading insurance for account balances of $500+
  • Multiple account options including a Cent solution for beginners

Weaknesses

  • Higher than average fees with spreads above 1 pip on forex during tests
  • Deposit and withdrawal fees apply if minimums are not met
  • Very basic education and market research that trails the best brokers

Safety and Regulations

It operates as an off-shore broker that is not regulated by globally recognized financial bodies like FCA or ASIC. Despite being registered off-shore, the broker perspires in assuring transparency and client-fund security. Clients' funds are put in secure bank accounts for safety. However, there are no additional safety nets beyond those standard practices.

Regulators

  • SVG VSA

Instruments Available

ForexStocksIndicesMetalsEnergyCryptocurrencyCFDs

Types of Accounts

Cent

Minimum deposit
$0
Commission
1.0
Available tools
0
Leverage
1:1 to 1:1000
Margin call level
30
Stop-out level
10

Standard

Minimum deposit
$0
Commission
1.0
Available tools
0
Leverage
1:1 to 1:500
Margin call level
30
Stop-out level
10

Start

Minimum deposit
$0
Commission
1.6
Available tools
0
Leverage
1:1 to 1:2000
Margin call level
70
Stop-out level
50

Interbank Cent

Minimum deposit
$0
Commission
1.1
Available tools
0
Leverage
1:1 to 1:500
Margin call level
60
Stop-out level
40

Interbank Standard

Minimum deposit
$0
Commission
1.1
Available tools
0
Leverage
1:1 to 1:500
Margin call level
40
Stop-out level
20

ECN Pro

Minimum deposit
$0
Commission
0.1
Available tools
0
Leverage
1:1 to 1:300
Margin call level
100
Stop-out level
80

Live Contest

Minimum deposit
$0
Commission
1.6
Available tools
0
Leverage
1:1 to 1:1000
Margin call level
70
Stop-out level
50

Volume Cash

Minimum deposit
$0
Commission
Available tools
0
Leverage
1:1 to 1:1000
Margin call level
70
Stop-out level
50

Fees and Charges

Spreads typically start from 1.5 pips for the Standard Accounts, as found in the case of the ECN Accounts where they usually start from 0.0 pips although paying the commission at 6.00 dollars per lot upon execution on ECN trades. Normally, in case of holding trades overnight, there would be the imposition of overnight swap fees. For people strictly following Sharia Law, Islamic swap-free accounts are also available. As per the broker's terms, the inactivity fee might be charged if anyone does not use his or her account for a certain time.

Trading Platforms

Customer Support

Contact information not available. Visit the broker’s website for support options.

Deposits and Withdrawals

Deposit and withdrawal details not available. Check the broker’s website for the latest payment methods and processing times.

FAQ

Is the broker regulated?
FXCL operates as an off-shore broker, as yet un-regulated by major authorities such as FCA or ASIC.
Which trading platforms are available?
FXCL markets use technology for exchanging different types of currencies, commodities, indices, and cryptocurrency. MetaTrader 4 is available on both desktop and mobile for trading activities.
How much is it to open an account?
The minimum deposit for the Cent Account starts at $1.
What types of accounts does the broker offer?
There are Cent, Mini, Standard, ECN, and demo accounts for trading requirements.
What charges and commissions are there?
The charges include spread, commissions in the case of ECN Accounts, and overnight swap rates in case of short-term holdings. Also inactivity fees if troubling your account are dormant.
What is the highest leverage?
Highest level leverage will be 1:1000.
Does FXCL offer demo accounts?
As an alternative, FXCL does indeed offer a demo account that is easily available for use with the virtual funds provided to a trader for learning and practicing strategies within a "riskless atmosphere."
How can I communicate with client support services?
In order to ensure quality service is received for urgent inquiries, this brokerage facility provides a 24/5 prompt response to its clienteles and is available on live chat and in email mode through registered mobile devices.

Users reviews

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