fxcl markets Review: | 2023 Update
This fxcl markets review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about fxcl markets to give you the most comprehensive guide available.
fxcl markets is a world class broker that was founded in 2006. They have around 205 staff that help the company offer Financial Markets Access, to 10,000+ customers through MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps.
fxcl markets Guide – Read our In-Depth fxcl markets Review
fxcl markets Rating: 7.15 / 10
This fxcl markets review page contains information about investing with fxcl markets. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.
Please note that due to regulations, the content in this review of fxcl markets does not apply to users in Canada, Japan, and United States of America.
This fxcl markets review contains the most recent details about fxcl markets.
If you're a new entrant in the realm of online trading and brokerages, so many facts will no doubt be perplexing for you. Getting into the area of online trading demands expert assessing skills and comprehensive knowledge. You'll acquire proficient at all the concepts of trading online and brokers as you keep trading. For starters, you need to choose the ideal agent who will always be transparent with you.
In this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professional, direct investment online broker could help you in minimising any losses and maximising any profits. fxcl markets is just one such stage that will help you. It is crucial to know about any broker before you trust them with your cash.
When engaging in online trading with platforms such as fxcl markets, it's crucial to carefully assess fxcl markets as your broker, as this choice can greatly influence your success. Selecting the right broker is vital for your fxcl markets investments to flourish. However, be cautious of counterfeit and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be prudent and methodical in your fxcl markets broker selection to protect your hard-earned money. Performing your due diligence and researching the reliability of fxcl markets, its track record, and reputation is vital. Moreover, ensure the fxcl markets broker's offerings, trading tools, fees, and regulation align with your objectives.
Remember, fxcl markets should be a trusted partner on your trading journey.
Our team has devoted their efforts to simplify the intricate world of trading with fxcl markets into easily understandable information in this fxcl markets review. Our goal is to equip you with the knowledge necessary to confidently use fxcl markets trading tools, ranging from depositing and withdrawing funds to executing trades.
We recognize that well-informed decisions with fxcl markets are the cornerstone of successful trading. As such, we've provided this detailed fxcl markets review. So, make yourself comfortable, grab a cup of coffee, and immerse yourself in learning about fxcl markets and how it can benefit you, or if fxcl markets might not be the right fit for you.
fxcl markets Guide for 2023 – Quick Summary
| fxcl markets Telephone: | |
| fxcl markets Support Email: | support@fxclearing.com |
| fxcl markets Address: | Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines |
| Year Founded: | 2006 |
| Regulated By: | Financial Services Authority (FSA) number 1637 |
| Hedquarters: | Cayman Islands |
| Minimum Deposit: | $250 |
| Number Of Clients: | 10,000+ fxcl markets users and traders |
| fxcl markets TrustPilot: | https://uk.trustpilot.com/review/fxclearing.com |
| fxcl markets LinkedIn: | https://www.linkedin.com/company/fxclearing |
| fxcl markets Facebook: | https://www.facebook.com/FXCL.MARKETS/ |
| fxcl markets Facebook Likes: | 3,814 |
| fxcl markets Twitter: | @FXCL_Markets_ |
| fxcl markets Twitter Followers: | 691 |
| fxcl markets Instagram: | https://www.instagram.com/fxcl_markets/ |
| fxcl markets Instagram Followers: | 1,307 |
| fxcl markets Youtube: | https://www.youtube.com/channel/UC-LTrKPlncVCSe3LjpZtVUA |
|
FXCL Markets Ltd. is compensated by the spread. Leverage may increase gains or losses. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. |
|
Our full fxcl markets review for beginners covers all you need to learn about trading with fxcl markets. A fantastic broker can take your initial investments and help to protect it from losses but also give you a platform that can help to give you profits. If you would like to earn profits, you should trade with a brokerage service that contrasts with your investment objectives.
Of course, there's absolutely no sure-fire way to guarantee profits; thus, you should carefully analyze your broker before you choose them. It is a frequent misconception that all agents will be exactly the same, but that is not true. Wrong judgment, in the beginning, can set your investments at risk.
fxcl markets is a trading partner that has found its way successfully into the broker world. In this review, we've tried to collate a number of the important aspects of fxcl markets. This guide can allow you to understand whether fxcl markets is a fantastic fit for your own investments or not. We have attempted to breakdown all the features and fees for your convenience.
Who are fxcl markets?
fxcl markets is a foreign exchange broker with its headquarters in Cayman Islands and provides a range of tools for online trading. Since its beginning in 2006 they have emerged as a leading player in the field of online trading. fxcl markets includes a highly competitive and full-featured trading website that's focused on forex, indices, metals, sharesand commodities.
Over the past 17 years, fxcl markets has become one of the best online brokers available to the public.
After establishing itself in 2006, their customer base has become as large as 10,000+ clients.
fxcl markets is a favourite of many stock dealers because of its negative balance protection. Our fxcl markets account review discovered that they are a superb choice for online trading options. They're best suited for investors that are looking for an assortment of assets. Social and easy to use trading solutions are the core at fxcl markets.
Technology plays a significant role at fxcl markets. They offers trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps. fxcl markets is fair, transparent, and a well-regulated agent by the Financial Services Authority (FSA) number 1637. Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also supply in-house analysis.
The trader resource section at fxcl markets is very insightful for new dealers as it allows them to have a closer look at the financial markets. fxcl markets caters to all sorts of traders and are a must-have broker for any well-diversified method of online trading.
fxcl markets Review Videos
Benefits of trading with fxcl markets in 2023
Trading with fxcl markets includes numerous benefits. These benefits are what sets fxcl markets ahead of the rest of the online brokers. You need to check all of the advantages listed so that you have a better comprehension of fxcl markets.
The broker goes to great lengths to comprehend what dealers want. As a result, the service, quick, and convenient. The agent also gives a variety of platforms for all types of traders. fxcl markets ensures that the individual needs of all traders are met to the best of their capabilities.
fxcl markets also includes excellent trading conditions that are readily available to all and not just an elite class of institutional clients. The tight spreads and fast executions are a fantastic advantage for all traders. The technology adopted by fxcl markets is of the maximum caliber, ensuring that it's fast, reliable, and efficient.
fxcl markets admits the significance of having a fast order execution. A quick execution will allow users to trade without worrying about slippage safely. It will also help the dealers to grab any opportunities.
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, fxcl markets offers social trading which encompasses leading traders sharing their knowledge with the community. fxcl markets's social trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of copy trading
fxcl markets has over 123 trading tools to support all types of traders. These instruments are lively and suitable for both the new and experienced traders. All traders can put aside all their concerns when trading using fxcl markets.
fxcl markets Overview
Year Founded: 2006
Regulated By: Financial Services Authority (FSA) number 1637
Hedquarters: Cayman Islands
Minimum Deposit: $250
Number Of Clients: 10,000+
FXCL Markets Ltd. is compensated by the spread. Leverage may increase gains or losses. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.
If you feel that fxcl markets is not right for you then at the bottom of this fxcl markets review you will find a lot of alternatives to fxcl markets.
Everything you ought to know about trading using fxcl markets
fxcl markets is a lively platform that offers various methods of online trading. These instruments cover the monetary markets substantially. Most of the broker platforms provide fewer approaches than fxcl markets
If you would like to trade with fxcl markets, you'll require a minimum deposit of $250. This deposit is required if you wish to begin trading using fxcl markets. This 2023 fxcl markets review will guide you safely about trading with them.
fxcl markets is as flexible as any other broker platform. fxcl markets is excellent for traders who want a manageable assortment of cheap services. The programs offered by fxcl markets are third-party, white-label offerings. All traders can pick out of MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
Together with everything, fxcl markets has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a trade has to be kept available. The brokers provide premium customer service that rewards clients with advantages.
Many less reputable brokers attempt to pressurise users into bigger funding for superior services. fxcl markets, though, is more concentrated on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the more advantages will become available.
fxcl markets accounts are available all over the world and provides outstanding service everywhere they have customers. There are a few countries where fxcl markets accounts are not available. Traders in the following countries cannot open or use a fxcl markets account:
Canada, Japan, and United States of America.
Is fxcl markets Safe To Trade With In 2023?
Launched in 2006, fxcl markets has been open for 17 years, they have a head office in Cayman Islands
fxcl markets is regulated by Financial Services Authority (FSA) number 1637. These figures have rules that make sure that trading platforms have ploicies in place to keep investor's assets procured. This usually means that fxcl markets users do not need to worry about their money as it's segregated and safely kept in established banks. SSL encryption simplifies each user's personal information also.
You are able to make use of a choice for 2 Factor Authentications (2FA) with fxcl markets for heightened security. An SMS with the verification code will be sent to a phone. You will be required to enter this code to log in to your account.
Another concern with fiscal brokers with regards to safety may be manipulation of trading. This is highly disadvantageous to users on those platforms. Nonetheless, this is more prevalent in the example of Market Maker brokers who compete with users on the platform.
fxcl markets Risk Disclaimer
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices, or other information contained on the FXCL website is provided as general market commentary, and does not constitute investment advice. FXCL Markets will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection. Since FXCL Markets does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, they cannot be responsible for communication failures, distortions or delays when trading via the Internet. FXCL Markets employs back up systems and contingency plans to minimize the possibility of system failure.
The content on the FXCL website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. FXCL Markets has taken reasonable measures to ensure the accuracy of the information on the website, however, does not guarantee its accuracy, and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the website, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through their website.
FXCL Markets will not accept liability for any loss or damage which may arise directly or indirectly from the delays with deposit processing. The company has taken reasonable measures to ensure the fastest possible processing of deposits, but delays can occur due to technical issues, internet connection interruption, transaction cancelations or delays in processing by a bank/payment system etc. The client should take care about his trading account's balance in advance, keeping additional funds in the account.
The FXCL website is not intended for distribution, or use by, any person in any country where such distribution or use would be contrary to local law or regulation. None of the services or investments referred to in their website are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to their website to ascertain the terms of and comply with any local law or regulation to which they are subject.
The trading platform provides sophisticated order entry and tracking of orders. FXCL Markets will make best efforts to fill your trade at the price requested. Trading on-line, no matter how convenient or efficient does not necessarily reduce risks associated with currency trading. All quotes and trades are subject to the terms and conditions of the Client Agreement accessible through the FXCL website.
Abnormal Market Conditions
During abnormal conditions in the financial market the time of order execution may be increased. Furthermore, in such conditions the orders may not be executed at declared price or may not be executed at all.
Volatility
Due to high volatility in the financial market there is a high risk both of loss and profit. The prices for derivative instruments and underlying assets may intensively hesitate in wide ranges due to unexpected events in the financial markets and changes in trading terms. The client, nor the company can control such changes. The client should understand that under specific market conditions, order execution at declared prices becomes impossible, which may lead to losses on the part of the client.
Among others, the following factors may influence the changes of prices for derivative instruments and underlying assets: national and international political and economic events, changing supply and demand relationships, governmental, agricultural, commercial and trade programs and policies.
Margin
The prices for derivative instruments, offered by FXCL Markets, may vary in the unlimited range and may even lead to complete depreciation of the investment, regardless the information, provided by the company. Such changes are connected to the margin system, applied to such type of trades. Thus, even slight fluctuation in price may lead to significant financial losses. The movements in the market in favour of the client may lead to significant profits, while even slight movements against the client may lead to complete loss of client's investments.
Liquidity
The reduction of demand for the underlying asset may lead to decreased liquidity or lack of liquidity. Hereupon the client might not immediately receive the information about the prices of assets and about the value of the risks, associated with this asset.
Disclosure regarding bankruptcy protections
The Forex transactions you are entering into with FXCL Markets are not traded on an exchange. Therefore, your funds may not receive the same protections as funds used to margin or guarantee exchange-traded futures contracts, which receive a priority in bankruptcy.
Since that same priority has not been given to funds used for off-exchange Forex trading, if FXCL Markets becomes insolvent and you have a claim for amounts deposited or profits earned on transactions with FXCL Markets , your claim may not receive a priority.
Without a priority, you are a general creditor and your claim will be paid, along with the claims of other general creditors, from any monies still available after priority claims are paid. Even customer funds that FXCL Markets keeps separate from its own operating funds may not be safe from the claims of other general and priority creditors.
Pro's & Con's Of Trading With fxcl markets
Every online trading platform has some ups and downs, and no fxcl markets review would be complete without showing both sides. This fxcl markets review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
fxcl markets Pro's
fxcl markets is highly rated by us.
fxcl markets is regulated by Financial Services Authority (FSA) number 1637.
fxcl markets has been trading for 17 years.
fxcl markets offers customer support over the phone.
fxcl markets provides customer support over email.
fxcl markets gives access to customer support over livechat.
fxcl markets offers guaranteed stop loss.
fxcl markets offers negative balance protection.
fxcl markets doesn't charge withdrawal fees.
fxcl markets doesn't charge inactivity fees.
You can trade Cryptocurrencies with fxcl markets.
fxcl markets has over 100 employees.
fxcl markets offers social trading.
fxcl markets allows hedging.
fxcl markets allows commodity trading.
You can trade metals with fxcl markets.
You can trade energies with fxcl markets.
fxcl markets Con's
fxcl markets hasn't won any awards. fxcl markets has a high minimum deposit requirement. fxcl markets doesn't offer copy trading. fxcl markets doesn't allow scalping.Compare Brokers Similar To fxcl markets
Regulation And Licencing In More Detail
fxcl markets is regulated by Financial Services Authority (FSA) number 1637.
fxcl markets, as a business, has a powerful collection of rules for ensuring honest trading on its platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
fxcl markets Awards
At the time of writing this fxcl markets review, and despite fxcl markets’s impressive offering, the company has surprisingly not garnered any awards to date.fxcl markets Trading Platforms
fxcl markets are a reputable broker that has been open for over 17 years. They offer a wide range of options in their client accounts.
Below we take the main parts of any good brokerage and compare fxcl markets with Startrader, and freetrade.
fxcl markets MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
You can start using the MetaTrader 4 platform with fxcl markets in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. fxcl markets MetaTrader 4 is compatible with the latest macOS. fxcl markets allows traders to trade on mobile devices through Android and iOS devices.
Metatrader 4 Webtrader and fxcl markets
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.
Trading With fxcl markets MetaTrader 4 On iOS Devices
You can download the fxcl markets app or also trade with fxcl markets through the MetaTrader 4 application on the Apple app store.
Download the fxcl markets MetaTrader 4 Program free of charge from Apple's App Store. fxcl markets customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With fxcl markets MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. fxcl markets provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 10,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android fxcl markets MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
Minimum Deposit Required
The minimum deposit that you must deposit to get started on fxcl markets is $250. This is a decent amount for people just starting out. You can make more advanced deposits as you go along. However, make certain that you know how to make the most of your cash before investing larger amounts.
Commission And Fees Explained
fxcl markets is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. In other words, an internet broker isn't necessarily influenced by the amount of clients they have.
However, this does not mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly three different types of penalties for this purpose.
The first kind of charges to look out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you are charged trading fees. In such cases, you're spending a spread, financing rate, or a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the gap between the buying and selling cost. Financing or overnight prices are people who are billed when you hold a leveraged position for longer than daily.
Aside from trading fees, online brokers also bill non-trading fees. These are dependent on the actions you undertake in your account. They're billed for operations like depositing money, not trading for long periods, or withdrawals.
In general, fxcl markets doesn't charge high fees in comparison to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for people who often trade, such as weekly or daily trading.
However, non-trading fees billed by fxcl markets are comparatively greater. As a result, you are charged more for non-trading activities on your trading accounts, such as withdrawal and deposits. These aren't related to the sale and purchase of assets.
This fxcl markets review breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees Of fxcl markets
fxcl markets Withdrawal Fees Explained
fxcl markets doesn't charge withdrawal fees.Withdrawal of cash is possible at any moment from the fxcl markets account. It's possible to withdraw sums up to the sum of your account balance, keeping aside the margin used. One thing to keep in mind is that you don't necessarily have to have any cash in your account.
In addition, the withdrawn money will be moved directly to the account you use to create deposits. Thus, if you used a credit card for deposits, then the withdrawn money will be sent into the cardfxcl markets will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing cash in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you are opting to draw in.
fxcl markets Inactivity Fees Explained
fxcl markets doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no fees have been implied by fxcl markets, it's best that you close the account if you're inactive. Inactivity fees are not only charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee is contingent on the sort of account you've selected. The inactivity fee is exposed to many conditions and needs to be revealed clearly by the broker beforehand.
fxcl markets Deposit Fees Explained
When you transfer money into your trading account from your bank account, a deposit fee can be charged by the broker. Most agents don't charge too much money for this particular operation.
fxcl markets doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money onto the fxcl markets trading platform is simple. You just have to complete a single-user profile questionnaire to begin depositing money into your trading account. You'll need to give an identity evidence and evidence of residency to deposit large sums.
Compare fxcl markets Vs Other Broker Deposit Methods
What Can You Trade With fxcl markets in 2023?
Note: fxcl markets provides many different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered will be different depending on the country of residence of the client.
fxcl markets has a wide variety of over 123 instruments available for you to trade with.
If trading currency pairs is of interest to you then fxcl markets offer over 93 forex pairs.
Compare fxcl markets, Startrader & freetrade below.
fxcl markets Trading App Review
Note: fxcl markets's mobile app has many functions and is being developed all the time. The below information was correct at the time of compiling this fxcl markets broker review.
Understand the capabilities of the mobile apps of fxcl markets, Startrader & freetrade below.
Trading Education Available At fxcl markets
Understand the trading resources available with fxcl markets, Startrader & freetrade below.
fxcl markets Customer Support
While collating our fxcl markets broker review we looked at the customer service options including response times, and on the fxcl markets trading platform problems resolution effectiveness. fxcl markets support various languages including English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
fxcl markets Live Chat Support
We have tested the livechat experience with fxcl markets and it worked flawlessly. We have sent messages to fxcl markets livechat via their website and app and received a response in less than 20 seconds. On Occasion there was no response.
We have tested communication through fxcl markets support in multiple languages across multiple countries. fxcl markets were successful in resolving client's concerns.
fxcl markets Phone Support
We phoned fxcl markets and the call was answered extremely promptly. We were able to have the call answered within less than 5-10 minutes.
The fxcl markets phone support team were able to effectively address our queries and problems over the phone. We tested the multilingual fxcl markets team by calling in varying languages. fxcl markets made efforts to ensure that our questions were addressed.
The overall phone support provided by fxcl markets was good.
fxcl markets Email Support
We have sent numerous email to fxcl markets and answer times overall were very good. The fastest email response time from fxcl markets was 4 hours, while the longest response time was 3 days! Sometimes , there were no responses. Support response times can vary depending on what is needed from fxcl markets, however, we've had the experience of sending out 10 emails at different times.
The team was able to resolve and answer our queries. The overall average of email support provided by fxcl markets was acceptable.
Alternatives To fxcl markets
If, after reading this fxcl markets review, they don't quite fulfill your requirements check out these fxcl markets alternatives.
We have scoured the web to find the best alternatives to fxcl markets. Click the links below to find out more.
Frequently Asked Questions
Can I try fxcl markets before I buy?
Yes, you can most definitely try fxcl markets before you buy. fxcl markets provides demo accounts for the ease of new traders. You may use this feature to build your faith in the system and yourself and your trading strategies.
If you sign up to get a demo account on fxcl markets, you may set out with a decent amount of virtual money. It is to establish a sense of safety and confidence in you before you choose to spend your own money.
With a digital fxcl marketsdemo account, you can experiment in any way, to whatever period you desire. You might even start positions, test different trading strategies, and much more.
fxcl markets shows on its official website how you are able to trade real time stocks with your demo account.
Is fxcl markets safe?
You can drop all of your worries because we believe that fxcl markets is perfectly safe to use. It's in compliance with the principles of Financial Services Authority (FSA) number 1637.
Luckily, fxcl markets provides assured stop-loss protection.
Why does fxcl markets ask for my passport?
The reason that fxcl markets asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, fxcl markets has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, fxcl markets must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with fxcl markets?
The process to start trading with fxcl markets is super simple. You need to begin by signing up on the fxcl markets website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but fxcl markets are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with fxcl markets is $250. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with fxcl markets.
The best way to kickstart your trading career with fxcl markets is to open a demo account facility before risking any real money
What funding methods do fxcl markets accept?
There are a number of methods to finance your accounts with fxcl markets. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You have to keep in mind that PayPal is not available in all country. The currencies fxcl markets accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit methods you can embrace are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is a possibility also, even though it takes approximately 4-7 days.
Is my money safe with fxcl markets?
Yes, your cash is safe and secure with fxcl markets. As you know, fxcl markets works with good conformation to regulations. It's established plenty of measures to guard all its own investors.
fxcl markets protects its customers' private and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you want to further safeguard your accounts, it is possible to enable Two-Step Verification as well. It takes an SMS affirmation that you access your account.
Is fxcl markets trading good?
Yes, trading through fxcl markets is a nice and decent experience indeed. It's a great and intuitive platform with useful features for your simplicity. Moreover, you can also obtain access to a vast selection of educational resources and assistive material to kickstart your trading expertise.
If you remain skeptical, you can open a eToro demo account and assess the credibility of the platform for yourself.
Which Countries do fxcl markets support?
fxcl markets operates across the world. However, due to regulations fxcl markets can't accept clients from Canada, Japan, and United States of America.
Is fxcl markets legit?
fxcl markets is a legit company headquarted in Cayman Islands since 2006. They are regulated by Financial Services Authority (FSA) number 1637. fxcl markets is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is fxcl markets a good broker?
fxcl markets is a great broker, and its own users may vouch for it. The highlight of the platform is its quick order execution on transactions.
You will find the clean layout of this platform and the admirable features are pleasant to work with.
Is fxcl markets a trustworthy broker?
Yes, fxcl markets is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can affirm to their trustworthy nature.
Click here to see the fxcl markets TrustPilot page
What is the minimum deposit for fxcl markets?
The minimum deposit to open a live account with fxcl markets is $250
How long do fxcl markets withdrawals take?
Normally, withdrawal of money from fxcl markets is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from fxcl markets to show in your bank account and withdrawls are available in any of the following currencies.
USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD
Is fxcl markets regulated?
fxcl markets are regulated by Financial Services Authority (FSA) number 1637
Is fxcl markets a market leading broker?
fxcl markets is indisputably one of the business leaders. It supports over 10,000+ registered users and over 17 years of experience on its own record. They are one of the world's leading trading platforms and a prominent figure in the Fintech revolution.
It simplifies this status to its incredible platform and wide range of tools plus resources so you may invest in capital markets.
Is fxcl markets a con?
No, fxcl markets is not a con. They are regulated by Financial Services Authority (FSA) number 1637 and must adhere to their rules. Thus, it is safe to say that fxcl markets is not a scam.
Can you make money with fxcl markets?
Using fxcl markets, several traders earn a lot of money. But, just like all online trading platforms, it is important to note that traders can also lose money. In particular, FXCL Markets Ltd. is compensated by the spread. Leverage may increase gains or losses. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.
This may seem like a small number, but within the year, it quickly adds to a significant amount of gains. While fxcl markets provide you all the tools to make money, they can't guarantee you will gain.
Does fxcl markets have fees?
Yes. To begin trading using fxcl markets, you have to deposit $250. Certain commissions while trading additionally applies. Any processing fees from your bank will have to be incurred by you.
When was fxcl markets founded?
fxcl markets was founded in 2006 in Cayman Islands. fxcl markets is regulated by Financial Services Authority (FSA) number 1637.
How many people use fxcl markets?
fxcl markets is a globally recognised agent with 10,000+ customers.
Where is the fxcl markets head office?
fxcl markets has its head office in Cayman Islands
Does fxcl markets offer negative balance protection?
Yes, fxcl markets has Negative Balance Protection. It is specially offered while the industry volatility keeps clients from letting their accounts go into the red. In a situation like this, fxcl markets provides the ability to reset a clients account balance to zero.
You can go through the important conditions on fxcl markets's site to comprehend their policies better.
Does fxcl markets offer guaranteed stop loss?
Yes, fxcl markets provide a guaranteed Stop Loss order.
When there is no free margin left together with the customer, fxcl markets will stop your own positions. When the losses in the ceased out location exceeds your account balance, you might experience a negative account balance.
Does fxcl markets allow scalping?
No, the stipulations of fxcl markets don't allow scalping. It's a trading technique that is not permitted on the broker's platform. You should consult with fxcl markets's provisions and conditions to see more about its policies.
Does fxcl markets allow hedging?
Yes, fxcl markets does allow hedging.
Can you trade energies with fxcl markets?
Yes, you can trade energy stocks with fxcl markets
Can you trade agricultural shares with fxcl markets?
No, unfortunately you cannot trade agricultural stock with fxcl markets
Can you trade cryptocurrency with fxcl markets?
Yes, you can trade cryptocurrency with fxcl markets
Can you trade metals with fxcl markets?
Yes, you can trade metals with fxcl markets
Can you trade UK Shares with fxcl markets?
No, unfortunately you cannot trade UK shares with fxcl markets
Can you trade US Shares with fxcl markets?
No, unfortunately you cannot trade US shares with fxcl markets
Can you trade Japanese Shares with fxcl markets?
No, unfortunately you cannot trade Japanese shares with fxcl markets
Can you trade German Shares with fxcl markets?
Yes, you can trade German shares with fxcl markets
Does fxcl markets accept bank transfers?
Yes, fxcl markets accepts bank transfers for depositing money.
Does fxcl markets accept credit cards?
Yes, fxcl markets accepts credit cards for depositing money.
Does fxcl markets accept PayPal?
Yes, fxcl markets accepts PayPal for depositing money.
Does fxcl markets accept Skrill?
Yes, fxcl markets accepts Skrill for depositing money.
Skrill (formerly Moneybookers) is an online wallet service that was established in 2001 that offers a range of online payment and transfer services.
Since its inception, Skrill has expanded to operate in more than 120 countries, with its digital wallet that is available in 40 different currencies. Customers can deposit money into their Skrill wallet using various options for payment, including credit card, bank transfer, and several alternative payment methods. The funds can then be used to make payments to merchants or other Skrill users, or transferred into cryptocurrency.
Skrill also offers cross-border payments via its remittance service Skrill Money Transfer. The service enables customers to transfer money to a bank account in another country with their bank card. In 2015, Skrill became part of the Paysafe Group along with former competitor Neteller and prepaid payment provider paysafecard.
Skrill has several licenses enabling it to offer its services throughout Europe and around the world. Skrill is operated by Paysafe Payment Solutions Limited, an entity that is incorporated in Ireland and is regulated by the Central Bank of Ireland, for its European authorized activities. Skrill's activities outside of its European Economic Area are operated by Skrill Limited - a company incorporated inside the United Kingdom and regulated by the Financial Conduct Authority.
Does fxcl markets accept Payoneer?
Yes, fxcl markets accepts Payoneer for depositing money.
Payoneer, an American financial services company, offers online money transfer and digital payment services. It also provides working capital to customers.
Account holders can send or receive funds via an ewallet, virtual bank account number in local currency, or a reloadable prepaid MasterCard debitcard. Money received can then be withdrawn to a bank account or used online / at points of sale with the Payoneer debit card. The company specializes in facilitating cross-border B2B payments. It provides cross-border transactions in 200 countries and territories and more than 150 local currencies, with its cross border wire transfers, online payments, and refillable debit card services.
Companies like Airbnb, Amazon, Google and Upwork use Payoneer to send mass payouts around the world. It is also used by eCommerce marketplaces such as Rakuten, Walmart and Wish.com, freelance marketplaces such as Fiverr and Envato, and works with ad networks to connect these firms with publishers based outside of their headquartered country.
In the content creation space, Payoneer works with Getty Images, iStock, Pond5, and others as well as in the freelance marketplace.
Payoneer's customer service team includes 320 employees that support 4,000,000 customers in 70 languages and in 150 currencies.
The company launched a service in October 2019 that allows small and medium-sized companies to send money anywhere in the world fast and cheaply.
Does fxcl markets accept Neteller?
Yes, fxcl markets accepts Neteller for depositing money.
Does fxcl markets offer Live Chat customer support?
Yes, fxcl markets offers customer support through live chat.
Does fxcl markets offer phone customer support?
Yes, fxcl markets offers customer support over the telephone.
Does fxcl markets offer email customer support?
Yes, fxcl markets offers customer support through email.
What languages can fxcl markets communicate in?
fxcl markets has the ability to communicate and support customers who speak: English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Does fxcl markets have a wikipedia page?
No, fxcl markets does not have an official wikipedia page.
Does fxcl markets offer demo accounts?
Yes, fxcl markets offers virtual portfolio accounts so you can learn their systems before risking any real capital. New traders can open a virtual portfolio account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before signing up for a live account.
Compare fxcl markets To All Our Other Brokers