Reviewed broker: FXCL

Established in 2016

Operated by FXCL Markets Ltd.

Location: St. Vincent and the Grenadines

Regulation: Financial Services Authority (‘FSA’)

Trading instruments: Foreign Exchange, Precious Metals, Commodities

FXCL Markets is a global trading platform in the sense that it operates in 194 countries including nations in Europe, Asia, Oceania, and Africa. Major countries FXCL Markets covers include the UK, Germany, Australia, South Africa, Thailand and China. FXCL Markets has a total of more than 10,000 users.

US traders are not accepted

Note: The broker was previously known as FX Clearing and has recently changed its name and jurisdiction but not its ownership 

Trading Conditions Review

Double your profits with free money from FXCL: Cashback When you Trade You can get up to 4 pips (per lot) returns for loss positions directly to your account by using Automatic Cashback.

Leverage up to 1:1000 

Copy Trading – available. Let the professional traders generate profits for themselves, while you simply copying them automatically and profiting along with them, without any efforts.  

Account base currency: only USD

Account Types: Micro Cent, Mini, ECN Light, ECN interbank and ECN plus

Fixed spreads from 2 pips on majors

Hedging except between swap free and swap accounts is allowed

Features of FXCL Markets

  • Virtual Portfolio, or what is commonly known as a Demo Account
  • Social Trading available
  • Copy Trading available
  • FXCL Markets offers Advanced Financial Chart comparison tools
  • FXCL Markets offers Research-backed analysis on financial markets and investments from top analysts
  • The FXCL Markets platform is available to use on multiple devices including and online through a Web Browser.
  • FXCL Markets offers an easy to use trading platform with tools for both New Traders and Seasoned Experts
  • FXCL Markets users benefit from using the FXCL Markets platform in over 15 different languages
Hedging policyHedging is allowed except hedging between swap and swap-free accounts
Trading platformMetaTrader 4
Execution policyAll orders will be honored under normal market conditions.
Margin CallMargin Call protects you from losing more money than you have on your account. You can find FXCL Margin Call rules on our site.
The values of the Margin Call and Stop Out levels may be changed (depending on the account type) on Fridays at 21:00 (Server Time).
Processing feesFXCL Markets does not charge any payment processing fees.
Swap schedulePositions roll over at 00:00 (Server Time).
When you roll an open position from Wednesday to Thursday, then next Monday becomes the value date, not Saturday; therefore the rollover charge on Wednesday evening will be three times the value indicated at the 
Deposit currenciesYour profit/loss will be calculated in the currency of your deposit and will be withdrawable in the same currency with no conversion fees. You may only withdraw in the currency your account was originally set up to use.
Note: ECN accounts can be deposited in USD only.
Order execution during market gaps and market openingBecause of potential price gaps and changes in Limit&Stop levels and spreads, FXCL Markets Ltd. cannot guarantee order fills in such conditions. Also, order execution time may increase. Any orders may be filled at the next available price and will not always be filled at the requested price or stop or with a set spread.
Trading precious metals and exoticsTrading precious metals is available 5 days a week, from 1:01 (Server Time) to 23:00 (Server Time) from Mondays till Fridays.
Trading exotics pairs (EURPLN, GBPNOK, GBPSEK, USDMXN, USDNOK, USDSEK) is available 5 days a week, from 1:00 server time to 23:59 server time from Mondays till Thursdays and from 1:00 to 23:00 (Server Time) on Fridays.
Attention: No orders can be opened or closed during the mentioned maintenance time between the sessions. Adjust your trading strategy accordingly.

Trading Platforms

Platform: MetaTrader 4

MetaTrader 4 is one of the most popular and versatile platforms on the market today, offering powerful features to help you make educated trading decisions.

FXCL MetaTrader 4 key features

  • Expert Advisors are available on FXCL MT4
  • Trading Forex and precious metals
  • Leverage up to 1:500
  • Positions form 0.01 micro lot
  • Hedging and non-qualified trades are available
  • Free iOS and Android mobile platforms

The power of Expert Advisors The Expert Advisors technology is a new method of trading which gives you freedom from daily manual routines. Expert Advisors are written in MetaQuotes Language 4 (MQL 4) Expert Advisors free you from manual trading routines. They are advanced automated trading systems written in MetaQuotes Language 4 (MQL4), that are able to analyze current market situations automatically, open/close positions and place/modify/delete orders. The Advisor can not only inform you about market conditions which fit your criteria of buying or selling, but also makes trades autonomously without trader’s participation. Like most trading systems, the MetaTrader 4 terminal supports backtesting of strategies on historical data.

Payment Options

Minimum deposit requirement: $1

Payment methods: 

  • Credit/debit cards
  • FasaPay
  • Perfect Money
  • UnionPay
  • Wire transfer

FXCL Review : Promotions

  • Is it your Birthday? Within 10 days before and after your Birthday get a 100% + Your Age bonus from FXCL.
  • FXCL Markets compensates your losses! We automatically add 0.6 pip for your every qualified non-hedging loss position straight to the balance of your account.
  • Double your trading power and cash out your bonus partially as soon as you trade 5% of its size

FXCL has launched a new bonus – 125% Booster bonus. Use the bonus to make extra cash easily: Additional $2000 in your pocket Fully withdrawable Can be requested multiple times.

How was the rating of FXCL performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on FXCL FX broker performance and features. 

Overall our online FXCL review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online FXCL or you find inaccurate details FXCL broker review please get in touch with us and the changes will be applied.  

FXCL Details

Maximum Leverage:
Account Options:
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Minimum Deposit:
Representative Offices:
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