FXCL
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Pros and Cons
- Low minimum deposit requirement.
- Competitive spreads.
- Wide range of payment methods including cryptocurrency.
- MT4 platform supported.
- Islamic accounts available.
- Limited asset variety.
- No MT5 support.
- No CopyTrading or ZuluTrade options.
- Limited regulatory oversight.
- Support response time can be slow.
FXCL Broker Review: A Comprehensive Analysis
Introduction
Founded in 2006, FXCL has steadily carved out a place for itself in the online trading industry, particularly in the Forex and CFDs markets.
The broker’s appeal lies in its accessibility, with low deposit requirements and extensive leverage options that cater to a wide range of traders, from beginners to more experienced ones.
This review delves deeply into all aspects of the broker, including its trading conditions, regulatory status, customer service, and more.
By the end, you will clearly understand whether FXCL is the right choice for your trading needs.
Create a Free AccountCompany Background
History and Evolution
FXCL Markets Ltd. was established in 2006 with the vision of making Forex trading accessible to a global audience.
Over the years, it has evolved to meet the changing needs of traders, incorporating new technologies and expanding its product offerings.
The company’s headquarters are located in St. Vincent and the Grenadines, a popular jurisdiction for financial services companies due to its favorable regulatory environment.
Despite being based offshore, FXCL has developed a reputation for providing reliable trading services.
The broker primarily targets emerging markets, where its low entry barriers and flexible trading conditions are particularly attractive.
While it may not have the same brand recognition as some industry giants, FXCL has a loyal client base that appreciates its focus on affordability and accessibility.
Regulatory Overview
Regulation is a critical aspect of any broker’s credibility.
It provides assurance that the firm operates within a framework of rules designed to protect traders’ interests.
FXCL is regulated by:
- International Financial Services Commission (IFSC) of Belize: The IFSC is responsible for regulating financial services in Belize, a popular offshore financial center. While not as stringent as regulators in the EU or the US, the IFSC still imposes certain requirements on brokers, such as maintaining a minimum capital requirement and following anti-money laundering protocols.
- Financial Services Authority (FSA) of St. Vincent and the Grenadines: This is another offshore regulatory body that oversees financial services providers in the Caribbean. Like the IFSC, the FSA’s regulatory requirements are less demanding than those of top-tier regulators.
While FXCL’s regulatory status provides a level of oversight, it’s important to note that the protection offered by these regulators is not as comprehensive as that provided by authorities like the UK’s Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC).
This may be a consideration for users who prioritize regulatory safety over other factors.
Account Types and Trading Conditions
FXCL offers 5 account types to cater to different trading needs and experience levels.
Whether you’re a beginner looking to start small or an experienced trader seeking advanced trading conditions, the broker provides options tailored to your needs.
Standard Account
The Standard Account is one of the most popular choices among FXCL traders, offering a balanced trading environment suitable for most traders.
- Minimum Deposit: $10
- Leverage: Up to 1:500
- Spread: Fixed, starting from 2 pips
- Commission: None
- Trading Instruments: Includes Forex, Indices, Commodities, Cryptocurrencies
This account type is ideal for those who prefer the predictability of fixed spreads.
It is particularly appealing to beginners due to its low minimum deposit requirement and straightforward fee structure.
Cent Account
The Cent Account is designed for those who are new to trading or those who wish to test strategies with minimal risk.
Balances in this account are denominated in cents, allowing for minimal position sizes.
- Minimum Deposit: $1
- Leverage: Up to 1:1000
- Spread: Fixed, starting from 3 pips
- Commission: None
- Trading Instruments: Forex, Indices, Commodities, Cryptocurrencies
The Cent Account’s high leverage and low entry cost make it a great learning tool for beginners.
However, the fixed spreads are slightly wider, which might affect profitability on smaller trades.
ECN Account
For more experienced traders, the ECN (Electronic Communication Network) Account offers tighter spreads and direct market access, which can enhance trading efficiency.
- Minimum Deposit: $100
- Leverage: Up to 1:500
- Spread: Floating, starting from 0.1 pips
- Commission: $10 per lot
- Trading Instruments: Forex, Indices, Commodities, Cryptocurrencies
This account is geared towards those who prioritize low spreads and faster execution speeds.
The commission structure is standard for ECN accounts and is offset by the tighter spreads, making it suitable for high-volume traders.
Islamic Account
FXCL also offers Islamic (swap-free) accounts, catering to people who follow Sharia law.
These accounts do not charge swap fees on overnight positions, making them compliant with Islamic principles.
- Minimum Deposit: Varies by account type
- Leverage: Up to 1:500
- Spread: Varies by account type
- Commission: Varies by account type
- Trading Instruments: Forex, Indices, Commodities, Cryptocurrencies
Islamic accounts are available across the different account types, providing flexibility for traders who require swap-free conditions.
This makes FXCL a viable option for users in regions where Islamic finance is prevalent.
Get up to 115% Smart BonusTrading Platforms
The trading platform is the core of a broker’s offering, and FXCL has chosen to rely on the well-established MetaTrader 4 (MT4) platform.
While not the latest in trading technology, MT4 remains a favorite among traders for its reliability, functionality, and extensive support for automated trading.
MetaTrader 4 (MT4)
MT4 has been the industry standard for years, known for its robust set of features, user-friendly interface, and adaptability.
It offers a range of tools and functionalities that cater to both novice and professionals.
Key Features of MT4:
- Customizable Charts: MT4 provides advanced charting tools with multiple timeframes, allowing traders to conduct detailed technical analysis. The charts are fully customizable, enabling clients to set up their workspace according to their preferences.
- Automated Trading: One of MT4’s standout features is its support for Expert Advisors (EA). These are automated trading algorithms that can execute trades based on pre-set conditions, making it possible to trade without continuous manual intervention.
- Technical Indicators: The platform comes preloaded with over 30 technical indicators, including Moving Averages, Bollinger Bands, and MACD. Traders can also create or import custom indicators to enhance their analysis.
- Order Execution: MT4 supports multiple order types, including market orders, pending orders, and stop orders. It also offers different execution modes such as instant execution and market execution, allowing traders the flexibility to choose the method that best suits their strategy.
- Mobile Trading: MT4 is available on both desktop and mobile devices, allowing people to monitor and manage their trades from anywhere. The mobile app replicates most of the functionality of the desktop version, providing a seamless trading experience on the go.
Limitations of MT4
While MT4 is a powerful platform, it does have some limitations.
The primary drawback is that it is not as advanced as its successor, MetaTrader 5 (MT5).
MT5 offers additional features such as more timeframes, a built-in economic calendar, and improved back testing capabilities.
However, many traders still prefer MT4 for its simplicity and widespread support among brokers.
Trading Instruments
FXCL offers a diverse range of trading instruments, though its selection is partially limited compared to some larger brokers.
Nevertheless, it covers the major asset classes that most traders are interested in.
Forex
Forex trading is the cornerstone of FXCL’s offerings, with over 50 currency pairs available.
This includes major, minor, and exotic pairs, providing ample opportunities for traders to capitalize on global currency movements.
The spreads on Forex pairs are competitive, particularly on the ECN account, where they can be as low as 0.1 pips.
Indices
For those looking to trade stock market indices, FXCL offers a selection of popular global indices.
These include well-known indices such as the S&P 500, NASDAQ 100, and FTSE 100.
Trading indices allows traders to speculate on the performance of entire stock markets rather than individual stocks, which can be a useful diversification tool.
Commodities
Commodities trading at FXCL includes both precious metals (such as gold and silver) and energy products (like crude oil).
These assets are popular among those looking to hedge against inflation or diversify their portfolios with non-correlated assets.
Cryptocurrencies
Recognizing the growing interest in digital assets, FXCL also provides access to the cryptocurrency market.
Traders can trade major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
Cryptocurrencies are known for their volatility, offering both high-risk and high reward opportunities.
Summary Table of Trading Instruments
Asset Class | Examples Available | Number of Instruments | Spread Range | Leverage |
---|---|---|---|---|
Forex | EUR/USD, GBP/USD, USD/JPY | 50+ | From 0.1 pips (ECN) | Up to 1:1000 |
Indices | S&P 500, NASDAQ 100, FTSE 100 | 10+ | From 1 pip | Up to 1:500 |
Commodities | Gold, Silver, Crude Oil | 5+ | From 0.5 pips | Up to 1:500 |
Cryptocurrencies | Bitcoin, Ethereum, Litecoin | 5+ | From 0.7 pips | Up to 1:10 |
Fees and Spreads
Understanding the fee structure is crucial for evaluating the cost-effectiveness of a broker.
FXCL is competitive in this regard, offering tight spreads and minimal fees, making it an attractive option for cost-conscious traders.
Spreads
Spreads at FXCL vary depending on the account type and the asset being traded.
The Standard and Cent accounts feature fixed spreads, which provide predictability but may be slightly wider than floating spreads.
On the ECN account, spreads are floating and can be as low as 0.1 pips for major currency pairs, which is among the best in the industry.
Commissions
The only account type that incurs a commission is the ECN account.
The commission is $10 per lot, which is standard for ECN trading.
This cost is generally offset by the tighter spreads available on this account type.
Traders on the Standard and Cent accounts do not pay any commissions, which makes these accounts more accessible for those with smaller trading volumes.
Swap Fees
For non-Islamic accounts, FXCL charges swap fees on positions held overnight.
Swap fees can vary significantly depending on the currency pair and the size of the position.
Investors who plan to hold positions for extended periods should consider these costs, as they can accumulate over time.
Deposit and Withdrawal Fees
FXCL does not charge any fees for deposits or withdrawals, which is a significant advantage over some competitors.
However, traders should be aware that their payment provider (such as a bank or credit card company) may charge fees for transactions.
Summary Table of Fees and Spreads
Account Type | Spread Type | Spread Range (Forex) | Commission (per lot) | Swap Fees | Deposit/Withdrawal Fees |
---|---|---|---|---|---|
Standard | Fixed | From 2 pips | None | Yes | None |
Cent | Fixed | From 3 pips | None | Yes | None |
ECN | Floating | From 0.1 pips | $10 | Yes | None |
Deposit and Withdrawal Methods
FXCL offers a range of deposit and withdrawal methods to accommodate its global client base.
The availability of multiple payment options ensures that clients can choose the method that is most convenient for them.
Supported Payment Methods
- Bank Transfer: A traditional method suitable for larger transactions. Processing times can take a few days, but this method is widely accessible.
- Credit/Debit Cards (Visa, MasterCard): These are the most popular payment methods due to their convenience and speed. Deposits made with cards are usually processed within a few hours.
- Skrill: A popular e-wallet option that offers fast and secure transactions. Skrill is widely used for its low fees and quick processing times.
- Neteller: Another e-wallet option similar to Skrill, known for its ease of use and speed.
- Bitcoin: For those who prefer using cryptocurrencies, FXCL supports Bitcoin for both deposits and withdrawals. This option is particularly attractive to individuals who value privacy and speed.
Processing Times
Deposits are typically processed within a few hours, though this can vary depending on the method used.
Withdrawals generally take longer, with bank transfers taking up to 5 business days, while e-wallet and Bitcoin transactions are usually completed within 24–48 hours.
Minimum Deposit and Withdrawal Amounts
The minimum deposit requirement at FXCL is very low, with most accounts requiring just $10 to get started.
This makes the broker accessible to a wide range of users.
Withdrawal minimums are similarly low, though they vary by payment method.
This flexibility is advantageous for those who may want to start small and gradually scale up their trading activities.
Security of Transactions
FXCL uses advanced encryption technologies to ensure the security of financial transactions.
This includes SSL encryption for online payments and secure servers for storing client data.
These measures help protect traders from fraud and unauthorized access to their accounts.
Customer Support
Customer support is a crucial component of a broker’s service offering, and FXCL provides multiple channels through which clients can seek assistance.
Availability
FXCL offers 24/5 customer support, aligning with the global Forex market’s trading hours.
While this means that support is not available over the weekend, it covers all active trading days, ensuring that clients can get help when they need it most.
Support Channels
- Email: Clients can reach support via email at support@fxcl.com. Email is suitable for non-urgent inquiries and more detailed requests.
- Phone: For immediate assistance, traders can contact FXCL via phone at +44 20 8123 4567. Phone support is often preferred for resolving time-critical issues.
- Live Chat: Available directly on the FXCL website, live chat is the fastest way to get help. It’s particularly useful for quick questions or troubleshooting.
Quality of Support
The quality of support at FXCL is generally good, with most issues being resolved in a timely manner.
The support team is knowledgeable and can assist with any topic, from technical difficulties with the platform to questions about trading conditions.
However, some traders have reported slower response times during peak trading hours, which is something to be mindful of if you require immediate assistance.
Multilingual Support
FXCL provides customer support in multiple languages, which is essential for a firm that serves a global clientele.
This feature is particularly beneficial for non-English-speaking clients who may feel more comfortable communicating in their native language.
Education and Resources
FXCL recognizes the importance of trader education and offers a range of resources to help clients improve their trading skills and knowledge.
Trading Academy
The FXCL Trading Academy is an online educational portal where users can access a wealth of learning materials.
The academy is designed to cater to people of all experience levels, from complete beginners to more advanced individuals.
Key Features of the Trading Academy:
- Video Tutorials: A series of video lessons covering everything from the basics of Forex trading to more complex strategies. These videos are well-produced and easy to follow, making them an excellent resource for visual learners.
- Webinars: FXCL hosts regular live webinars where professionals share insights into current market conditions, trading strategies, and more. Webinars are interactive, allowing participants to ask questions and engage with the presenter.
- E-books: The broker offers several free e-books that cover various aspects of trading, including technical analysis, risk management, and trading psychology. These e-books are a great way to deepen your understanding of the markets.
- Glossary: A comprehensive glossary of trading terms is available, making it easy for beginners to familiarize themselves with the jargon used in the Forex market.
Market Analysis
FXCL provides daily market analysis to help traders stay informed about the latest developments in the financial markets.
This analysis includes both technical and fundamental insights into major currency pairs, commodities, and indices.
Types of Market Analysis:
- Technical Analysis: Detailed charts and analysis of price movements, including key support and resistance levels, trend lines, and indicator readings. This type of analysis is particularly useful for those who rely on technical indicators to make trading decisions.
- Fundamental Analysis: Insights into economic data releases, geopolitical events, and other factors that can influence market movements. Fundamental analysis is essential for traders who prefer to base their decisions on economic fundamentals rather than just price action.
Trading Tools
In addition to educational resources, FXCL offers several trading tools designed to enhance the trading experience and help traders make more informed decisions.
Key Trading Tools:
- Economic Calendar: A comprehensive economic calendar that lists upcoming economic events and their potential impact on the markets. The calendar is customizable, allowing investors to filter events by country, impact level, and more.
- Forex Calculators: FXCL provides a suite of calculators, including a pip calculator, margin calculator, and currency converter. These tools are invaluable for managing risk and ensuring that you understand the potential outcomes of your trades.
- Trading Signals: FXCL offers trading signals based on technical analysis. These signals provide potential entry and exit points, helping market participants identify opportunities in the market.
Trading Experience
The overall trading experience at FXCL is positive, with the broker delivering on most fronts that traders prioritize, such as execution speed, trading environment, and accessibility.
Execution Speed
Order execution at FXCL is generally fast, especially on the ECN account, where trades are executed directly in the market without a dealing desk.
This reduces the risk of re-quotes and slippage, which can be crucial for those who need precise trade execution, particularly during volatile market conditions.
Trading Environment
FXCL provides a stable and secure trading environment.
The broker employs robust security protocols, including advanced encryption technologies, to protect client data and ensure the integrity of transactions.
Downtime is minimal, and the platform is available 24/5, allowing traders to access the markets whenever they need to.
Mobile Trading
With the MetaTrader 4 platform available on mobile devices, FXCL ensures that users can manage their accounts and execute trades on the go.
The MT4 mobile app is well-designed, offering a user-friendly interface that includes most of the functionality available on the desktop version.
This is particularly useful for traders who need to monitor the markets while away from their desks.
Social Trading
Although FXCL does not offer dedicated social trading platforms like Copy Trading or ZuluTrade, it does provide a community forum where traders can share ideas, strategies, and market insights.
This community-driven approach allows users to learn from each other and exchange valuable information, although it lacks the more structured features of professional social trading networks.
Security and Safety of Funds
The security of client funds is a paramount concern for any trader, and FXCL has implemented several measures to ensure that clients’ funds are protected at all times.
Segregated Accounts
FXCL keeps client funds in segregated accounts, which are separate from the company’s operational funds.
This practice ensures that client funds are not used for their business expenses and are protected in the unlikely event of insolvency.
Segregated accounts are a standard practice among reputable firms and are a key indicator of its commitment to client safety.
Negative Balance Protection
One of the key risk management features offered by FXCL is negative balance protection.
This ensures that clients cannot lose more than their initial deposit, even in the event of significant market volatility.
Negative balance protection is particularly important for people using high leverage, as it prevents them from owing money to the broker if the market moves against them rapidly.
Data Security
FXCL uses advanced encryption technologies to protect client data and transactions.
This includes SSL encryption for online transactions, which ensures that sensitive information such as credit card numbers and personal details are transmitted securely over the internet.
Additionally, its servers are protected by firewalls and other security measures to prevent unauthorized access.
Regulatory Compliance
As mentioned earlier, FXCL is regulated by the IFSC and the FSA.
While these are not top-tier regulators, they do impose certain requirements on brokers, such as maintaining adequate capital reserves and implementing anti-money laundering (AML) procedures.
FXCL’s adherence to these regulations provides an additional layer of security.
Comparison with Competitors
To provide a more comprehensive understanding of FXCL’s offerings, it’s essential to compare the broker with some of its well-known competitors.
Below is a comparison with three other brokers: IC Markets, XM, and Pepperstone.
Comparison Table: FXCL vs. IC Markets, XM, and Pepperstone
Feature/Criteria | FXCL | IC Markets | XM | Pepperstone |
---|---|---|---|---|
Regulation | IFSC, FSA | ASIC, CySEC, FSA | ASIC, CySEC | FCA, ASIC, DFSA |
Minimum Deposit | $10 | $200 | $5 | $200 |
Leverage | Up to 1:1000 | Up to 1:500 | Up to 1:888 | Up to 1:500 |
Trading Platforms | MT4 | MT4, MT5, cTrader | MT4, MT5 | MT4, MT5, cTrader |
Spreads | From 0.1 pips (ECN) | From 0.0 pips (Raw ECN) | From 0.6 pips | From 0.0 pips (Razor) |
Commissions | $10 per lot (ECN) | $7 per lot (Raw ECN) | None (Standard) | $7 per lot (Razor) |
Trading Instruments | Forex, Indices, | Forex, Indices, Stocks, | Forex, Indices, Stocks, | Forex, Indices, Stocks, |
Commodities, Crypto | Commodities, Crypto | Commodities, Crypto | Commodities, Crypto | |
Deposit/Withdrawal Fees | None | None | None | None |
Customer Support | 24/5 | 24/7 | 24/5 | 24/7 |
Analysis of Comparison
Regulation
- FXCL: Regulated by IFSC and FSA, which are considered less stringent compared to the regulators overseeing the other brokers in this comparison.
- IC Markets: Highly reputable, regulated by ASIC, CySEC, and the FSA, providing a high level of security and trust.
- XM: Regulated by ASIC and CySEC, offering robust protection and client fund security.
- Pepperstone: Also highly reputable, with regulation by the FCA, ASIC, and DFSA, ensuring top-tier oversight.
Minimum Deposit
- FXCL: Offers a very low minimum deposit of $10, making it extremely accessible for new investors.
- IC Markets: Requires a $200 minimum deposit, which is higher but still reasonable given the broker’s offerings.
- XM: Offers a very low minimum deposit of $5, the lowest among the competitors, making it highly accessible.
- Pepperstone: Requires a $200 minimum deposit, similar to IC Markets, targeting more serious traders.
Leverage
- FXCL: Offers up to 1:1000 leverage, the highest in this comparison, appealing to those looking for high-risk, high-reward opportunities.
- IC Markets: Offers up to 1:500 leverage, which is still very competitive.
- XM: Offers up to 1:888 leverage, striking a balance between risk and reward.
- Pepperstone: Offers up to 1:500 leverage, similar to IC Markets, focusing on providing a safer trading environment.
Trading Platforms
- FXCL: Offers only MT4, which may be considered a limitation compared to competitors offering more advanced platforms like MT5 and cTrader.
- IC Markets: Offers MT4, MT5, and cTrader, providing a range of platform options for different trading styles.
- XM: Offers both MT4 and MT5, catering to people who prefer the more advanced features of MT5.
- Pepperstone: Offers MT4, MT5, and cTrader, giving the flexibility to choose the platform that best suits their needs.
Spreads and Commissions
- FXCL: Offers competitive spreads, particularly on the ECN account, but charges a $10 commission per lot.
- IC Markets: Known for its extremely tight spreads, particularly on its Raw ECN account, with a lower commission of $7 per lot.
- XM: Offers slightly wider spreads, but compensates by not charging any commission on its standard account.
- Pepperstone: Similar to IC Markets, offers tight spreads on its Razor account with a $7 commission per lot.
Trading Instruments
- FXCL: Offers a good range of instruments, but is more limited compared to the other brokers in this comparison.
- IC Markets: Offers a broader range of instruments, including stocks, which FXCL does not provide.
- XM: Also offers a wide range of instruments, including stocks and a broader selection of commodities and cryptocurrencies.
- Pepperstone: Offers a similar range of instruments as IC Markets, with a focus on providing a comprehensive trading experience.
Customer Support
- FXCL: Provides 24/5 support, which is standard but not as comprehensive as 24/7 support.
- IC Markets: Offers 24/7 support, ensuring assistance is available at all times.
- XM: Provides 24/5 support, similar to FXCL.
- Pepperstone: Also offers 24/7 support, which is beneficial for traders who are in different time zones.
Conclusion
FXCL stands out in the crowded Forex and CFDs brokerage market primarily due to its accessibility, with low minimum deposits, flexible leverage options, and a straightforward trading platform in the form of MetaTrader 4.
The broker’s offering is particularly appealing to beginner and intermediate traders who are looking to start small or test new strategies without a significant financial commitment.
Strengths of FXCL
- Accessibility: With a minimum deposit as low as $10, FXCL makes it easy for new users to start their trading journey. The Cent Account, in particular, offers a low-risk entry point with micro-lot trading.
- Competitive Spreads on ECN Accounts: For more experienced traders, the ECN account provides very tight spreads, starting from 0.1 pips, which is competitive by industry standards.
- High Leverage Options: The availability of leverage up to 1:1000 allows anybody to maximize their trading potential, although it also increases the level of risk.
- No Deposit/Withdrawal Fees: The absence of fees on deposits and withdrawals is a significant advantage, as it ensures that the investors can manage their funds without incurring additional costs.
Areas for Improvement
- Regulatory Oversight: While FXCL is regulated, the regulatory bodies (IFSC and FSA) are considered less stringent compared to top-tier regulators like the FCA or ASIC. This may be a concern for traders who prioritize safety and regulatory security.
- Limited Platform Offering: The broker only offers the MT4 platform, which, while popular, is not as feature-rich as MT5 or cTrader. Traders who prefer more advanced trading tools may find this limiting.
- Limited Instrument Range: Although FXCL offers a decent range of trading instruments, it does not provide as many options as some of its competitors, particularly in the area of stocks and more exotic instruments.
Final Thoughts
FXCL is a solid choice for traders who value accessibility, low costs, and simplicity in their trading experience.
The broker’s low minimum deposit requirements and high leverage options make it particularly attractive to beginners and those looking to experiment with different trading strategies.
However, investors who prioritize regulatory safety or require more advanced trading platforms and a broader range of instruments may want to consider other options.
Overall, FXCL provides a good balance between affordability, functionality, and trading conditions, making it a viable option for many traders, especially those at the beginning of their trading careers.
As always, it’s important for users to carefully consider their needs and preferences when choosing a broker, and FXCL is certainly a contender worth considering.
Visit official website: www.fxclearing.comFAQ
Is FXCL regulated?
Yes, FXCL is regulated by the IFSC and FSA in St. Vincent & the Grenadines. While these regulatory bodies provide oversight, they are considered less stringent compared to top-tier regulators.
What is the minimum deposit for FXCL?
The minimum deposit required to open an account with FXCL is just $10, making it accessible to traders of all levels.
What trading platforms does FXCL support?
FXCL supports the popular MetaTrader 4 (MT4) platform, which is widely known for its user-friendly interface and advanced trading tools. However, MT5 is not supported.
Can I open an Islamic account with FXCL?
Yes, FXCL offers Islamic accounts that comply with Sharia law, making it a suitable option for traders who require swap-free trading conditions.
Does FXCL charge any fees on deposits or withdrawals?
FXCL does not charge any fees on deposits or withdrawals, allowing traders to transfer funds without additional costs.
Does FXCL offer CopyTrading or ZuluTrade?
No, FXCL does not currently offer CopyTrading or ZuluTrade services. Traders looking for these features may need to consider other brokers.
What is the average spread for EUR/USD on FXCL?
The average spread for the EUR/USD pair on FXCL is around 0.5 pips, which is competitive compared to other brokers.
Resources
- Official Website: FXCL
- Facebook: Facebook
- YouTube: YouTube
- Twitter: Twitter
- Instagram: Instagram
- Email: support@fxclearing.com
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Last updated: September 19, 2025