Headquartered in Saint Vincent and the Grenadines, FXCL Markets is an online retail trading broker that provides both retail and institutional clients with access to the financial markets. They offer several financial instruments, including forex, metals, commodities, and CFDs, for online trading using the MT4 trading platform. Traders get to make use of several trading and learning tools that are provided by the broker. There is also a client support team to assist traders at any point. Clients can choose from different trading account options with the following features: minimum deposit requirement of $100, low spreads from 0 pips, leverage of up to 1:1000, and zero commission on trades.
FXCL Markets Review Introduction
In this FXCL Markets review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including FXCL Markets.
FXCL Markets Platforms & Tools
FXCL Markets clients can trade the various offered trading instruments using the MetaTrader 4 trading platform, which was developed in 2005 by MetaQuotes and has since grown to become one of the most widely used trading platforms in the world. It has a user-friendly interface, which makes it suitable for both beginners and advanced traders. The platform is packed with different trading tools and advanced trading functionalities, including one-click trading, and support for the automation of trades using expert advisor, and more. MT4 is available as a desktop application for Windows and Mac computers, a web trading terminal, and a mobile app that is designed for Android and iOS devices.
Traders also benefit from some standalone trading tools on the broker’s website. These tools include daily forex forecasts, economic calendar, and trading calculators.
FXCL Markets Research & Education
There is a good selection of educational resources on the broker’s website. They are designed to improve clients’ trading expertise and also keep them informed on the latest happenings in the financial markets. These materials include trading blogs, company news, a forex glossary, and an FAQ section that answers some of the clients’ most common questions.
FXCL Markets Trading Accounts
Traders are allowed to choose the account type that best suits their individual trading needs from a choice of different trading account options. The account types are the Cent, Standard Interbank Cent, Interbank Cent, and ECN Plus Accounts. The minimum deposit requirement is $100.
FXCL Markets Account Funding
Traders can deposit and withdraw funds to and from their trading accounts using any of the following payment methods: bank wire transfer, online payment processors, and bitcoin.
FXCL Markets Customer Service
The broker has a knowledgeable client support team that can be reached via email, Live Chat, and social media.
FXCL Markets Regulation
FXCL Markets Limited is registered in Saint Vincent and the Grenadines as an International Business Company with the registration number 1637 CTD 2018. However, there is no regulatory information on the broker’s website at the moment.
FXCL Markets Review Summary
FXCL Markets is a retail trading broker that was launched in 2006 in Saint Vincent and the Grenadines. They provide traders with the MT4 platform for trading multiple financial instruments, offering various trading tools, educational resources, and a client support team on hand to assist traders. However, the broker is not regulated by any known financial authority at the moment.
It is worth mentioning that some of the trading products and services in this FXCL Markets review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the FXCL Markets broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.