FXCLMARKETS

About company:

FXCL Markets is part of the FX Clearing Group Holding. In 2006 she was registered by the Ministry of Finance and Economic Administration of the Republic of Vanautu as a securities dealer. The presence of this license enables the broker to provide financial services.

 

Products and services:

The company can trade in 33 currency pairs, cryptocurrency, as well as gold and silver.

 

History of the company:

It should be noted that the company was previously called FX Clearing and until 2016 worked under this name. Then the name, regulator and official website of FXCL Markets were changed. The main office is located in Vanuatu.

 

Asset security:

Considering that the broker's activities are not regulated, there are no guarantees for the safety of assets. It is possible to use your own deposit insurance program, which, upon the occurrence of an insured event, gives the right to receive up to 100% compensation payment. You can insure from 10% to 100% of your funds. According to the company, "the program is absolutely free" and is available on Micro Cent and Mini accounts.

 

Accounts and currencies:

There are six types of trading accounts available to clients: Micro Cent; Mini; ESN Cent; ESN Interbank; ESN Plus; ECN Copytrade. The broker also opens accounts with individual conditions. Account currencies: USD, EUR, MYR, THB, NGN US cent, EU cent, MYR cent, THB cent US cent, MYR cent, THB cent. It is also possible to open a Copy Trading account (minimum deposit 150 USD). The company provides a fairly large selection of types of trading accounts, which differ significantly in trading conditions. We advise you to pay special attention to the choice of a trading account.

 

Affiliate program:

The broker also pays special attention to this issue. There are several options for cooperation for potential partners of the company. Separately, it is worth highlighting the IB program - where earnings depend solely on communication skills. It does not require special knowledge of working in the financial markets, you attract new clients to the company, receiving a specified percentage for this. And the White Label program - in this case, financial managers and brokers can start their own business, gaining access to the international financial market. The description of the rest of the affiliate programs can be found on the official website of FXCL.

 

Bonuses:

A fairly large number of different bonuses, ranging from a deposit bonus to bonuses for a birthday. Clients can receive both small gifts for simple actions, and quite significant prizes and cashback.

 

Minimum deposit

The deposit starts from $ 1.

 

Spreads and commissions

Spreads start from 1 pip, they are fixed and floating, depending on the type of account. There is no commission on almost all accounts, except for ECN Interbank and ECN Plus, where it is 0.6 points per lot.

 

Leverage

Leverage is set up to 1: 1000.

 

Trading platforms

FXCL invites its clients to take full advantage of the popular MetaTrader4 platform, which is available for both PC and mobile devices.

 

Support service

You can contact the support team by phone, Skype, e-mail or through the feedback form posted on the broker's page. The support staff speaks Russian.

 

Reviews of traders

On the network, the broker is responded both positively and negatively, and negative responses clearly prevail. Traders complain that the company can delete the trader's successful transactions, demand money, and prohibit the withdrawal of funds.

 

Georg 12/25/2018

 

“FXCL Markets is sheer cunning, that is. divorce on a sucker. I went there myself, invested my personal money for some kind of deal, and the company manager spoke to me by phone and wrote to the post office that I would withdraw my money with great profit, but I didn’t see anything, all my money was taken away. I was brazenly deceived, you will be left without money, get away from such crooks, thieves, scammers as FXCL Markets ”.

 

Mangust 16 November 2017

 

“For almost two weeks now I could not get from the financial department at least some explanation about WHERE my money was hanging ??? At first there was a side on my side - I made a mistake in the card details and, of course, it was impossible to make a conclusion. Ok, let's go. I fixed everything. Again I bet on a withdrawal, but there is no money for a whole week! I am writing to them again, what are the questions? They say that the money has gone from them and that the bank must be harassed. I called the bank, they answered me that they did not see any receipts on the account even in the future. Again I write to the Markets chat, where they answer me, oops, the payment was returned back !!! Kapets! The question is - is there any point in re-issuing a withdrawal if I feel that the money will be donated to a breaker? Golovnyak, not an office. "

 

Pros:

 

a wide range of types of trading accounts; a large number of bonus and affiliate programs; website, analytics and training in Russian.

 

Minuses:

 

broker activities are not regulated.

 

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