1. Quick Overview
| Broker Name | FXCL Markets |
| Established | 2006 |
| Headquarters | Saint Vincent and the Grenadines |
| Regulation | Previously VFSC (revoked); currently unregulated |
| Official Website | https://www.fxclearing.com |
| Core Focus | Forex, Commodities, Crypto CFDs |
| Monthly Visitors | ≈13K |
| Top Countries | 🇵🇭 Philippines, 🇮🇩 Indonesia, 🇳🇬 Nigeria |
| Traffic Sources | Organic Search (99%) |
| Domain Age | 17+ years |
| IP Address | 172.67.135.122 |
2. Trading Conditions
• Spreads: ~1.1 pips on standard accounts; ECN from 0.1 pips
• Commission/Fees: ~$3 per lot for ECN; no fees on standard
• Leverage: Up to 1:1000
• Minimum Deposit: $1
• Trading Platforms: MetaTrader 4
• Order Execution Type: ECN, STP, Market Maker
• Trading Instruments: Forex, metals, indices, crypto CFDs
3. Account Types
• Cent Account – Small deposit, floating spreads
• Standard Account – No commission, fixed spread
• ECN Light – Raw spread + commission
• ECN Interbank – Ultra-low spreads, lower commission
• Demo Account – Available
• Islamic Account – Available
4. Deposit & Withdrawal
• Payment Methods: PayPal, Skrill, Neteller, Perfect Money, Crypto, Bank Transfer
• Withdrawal Time: 1–5 business days
• Fees: Low or zero deposit fees, withdrawal fees depend on method
5. Regulation & Security
• Previously regulated by VFSC, now unregulated
• No client fund protection or compensation scheme
• Use with caution due to offshore location
6. Customer Support
• Support Time: 24/5
• Languages: English, Indonesian, Filipino
• Contact Channels: Email, Live Chat
7. Trading Tools & Education
• Economic calendar, simple calculators
• Basic educational articles and blog
• No advanced trading tools or signals
8. Mobile App & Platform Features
• MT4 mobile and desktop supported
• No proprietary mobile platform
9. Bonuses & Promotions
• Deposit Bonus: Up to 50% (conditions apply)
• Loyalty cashback program
• Regional bonus offers
10. User Experience & Reviews
• Mixed reviews from traders
• Praise: Low spreads, PayPal support
• Complaints: Withdrawal delays, poor customer service
• Trustpilot and FPA contain both positive and scam warnings
11. Web Traffic & Domain Details
• Monthly Visitors: ~13K
• Top Countries: Philippines, Indonesia, Nigeria
• Traffic Sources: 99% organic search
• Domain Age: Over 17 years
• IP Address: 172.67.135.122
12. Pros & Cons
| Pros | Cons |
| • Multiple account types • Accepts PayPal & crypto • Low spreads and high leverage | • Unregulated broker • Reports of scam-like behavior • Delayed withdrawals and weak support |
13. FAQ
Q: Is FXCL Markets regulated?
A: No, it is currently unregulated.
Q: What is the minimum deposit?
A: Just $1 for a Cent Account.
Q: What trading platforms are supported?
A: Only MetaTrader 4 (MT4).
Q: Are bonuses available?
A: Yes, including 50% deposit bonuses.
Q: Is it safe to trade with FXCL?
A: There are mixed reviews; caution is advised due to lack of regulation.
14. Final Verdict & Rating
FXCL Markets offers highly flexible accounts with attractive spreads and low deposits, but the lack of regulation and mixed feedback raise serious concerns. Suitable only for high-risk-tolerant traders.
Score: 4.9/10
