FXCL

FXCL logo

Overview

FXCL Markets Ltd. says it was established in 2006 and registered in Botswana under UIN BW00005716042; this is company registration, not a financial-services licence. No active FXCL entry was found on the VFSC licensee list. The Bank of Russia warning dated 2021-02-01 cited signs of illegal activity by a professional securities-market participant; it is not a licence or authorization. †FXCL advertises a $1 start; its FAQ says $20 may be sufficient for Cent/Interbank Cent. Leverage varies by account/equity; ECN Pro: 1:300 FX/metals, 1:100 indices, 1:10 crypto. Spread cards show the lowest published quote per instrument across accounts; rates vary by account. + means from; FX values are pips; non-FX values follow FXCL’s table. * marks Standard zero-spread # symbols during stated hours. Verify the serving entity and current protections before funding.

Company profile

Established
2006
Headquarters
Gaborone, Botswana (registered office)
Country
Botswana

Official website

https://www.fxclearing.com/

Regulation and licences

RegulatorJurisdictionLicenceTier
Licence statusBotswanaNo licenceUnverified
Bank of RussiaRussiaWarning 2021-02-01Warning

Trading accounts

AccountMinimum depositSpreadsCommissionLeverageFeatures
Standard$1†Fixed 1+ pip$10/lot #1:500†MT4, Swap-free, Hedging (terms apply)
Cent$1†Fixed 1+ pip—1:1000†MT4, Cent balance, Swap-free
Start$1†Floating—1:2000†MT4, No EAs, Market execution
Interbank Cent$1†From 1.1 pips—1:500†MT4, Cent balance, Market execution, Swap-free
Interbank Standard$1†From 1.1 pips—1:500†MT4, Market execution, Swap-free
ECN Pro$100From 0.1 pips$3/lot1:300†MT4, USD deposits, MAM/copy trading, Scalping/algo strategies
Contest / VCR$20–$2,000Floating$1.5/lot1:1000†USD account, No EAs, Contest account
Volume Cash—Floating$1.5/lot1:1000†USD account, Market execution, Swap-free, Share-of-earnings

Trading costs and leverage

Minimum deposit
$1†
Commission type
Mostly spread-only
Commission details
Standard #: $10/lot; ECN Pro FX/metals/indices $3/lot, crypto 0.15%; VCR/Volume FX/metals $1.5/lot.
Maximum leverage
1:2000†

Spreads by instrument

InstrumentSpread
AUD/CAD0.7+
AUD/CHF0.6+
AUD/JPY0.7+
AUD/NZD0.8+
AUD/USD*0.3+
CAD/CHF1.2+
CAD/JPY0.7+
CHF/JPY0.9+
EUR/AUD0.5+
EUR/CAD0.8+
EUR/CHF*0.4+
EUR/GBP0.4+
EUR/HKD21.8+
EUR/HUF17.2+
EUR/JPY0.2+
EUR/NOK24.5+
EUR/NZD2+
EUR/PLN12.8+
EUR/SEK33.6+
EUR/USD*0.1+
GBP/AUD1.5+
GBP/CAD1.3+
GBP/CHF1.1+
GBP/JPY0.6+
GBP/NOK28+
GBP/NZD2.2+
GBP/SEK23+
GBP/USD*0.4+
NZD/CAD1.5+
NZD/CHF0.6+
NZD/JPY1.1+
NZD/USD*0.6+
USD/CAD0.6+
USD/CHF*0.6+
USD/HKD15.4+
USD/HUF17.2+
USD/ILS17+
USD/JPY*0.4+
USD/MXN65.8+
USD/NOK25+
USD/PLN9+
USD/SEK10.2+
USD/ZAR63.4+
XAG/USD1.9+
XAU/EUR50
XAU/USD14+
BTC/USD295+
ETH/USD75+
LTC/USD85+
AUS200 SP140+
CRUDEOIL3+
FCHI130+
GDAXI90+
J225650+
NDX200+
NGAS130+
SPXm3+
STOXX50E130+
UK100130+
UKOIL50+
WS30140+

Leverage by account

AccountLeverage
Standard1:500†
Cent1:1000†
Start1:2000†
Interbank Cent1:500†
Interbank Standard1:500†
ECN Pro1:300†
Contest / VCR1:1000†
Volume Cash1:1000†

Instrument coverage

Products
Forex, Precious Metals, Commodities, Indices, Crypto

Platform and account availability

MT4
Yes
MT5
No
cTrader
No
Mobile app
Yes
Web trading
Yes
Islamic account
No
ECN account
Yes

Execution and trading policies

Scalping
Yes
Hedging
Yes
Expert Advisors
Yes

Affiliate and IB programmes

Affiliate programme
No
IB programme
Yes

Ratings and complaints

Overall rating
4.5
Review count
0
Trust score
7.0
Complaints
0
Resolved complaints
0

Risk notice

Trading forex and CFDs carries a high risk of loss. Terms and availability can vary by legal entity, jurisdiction and account. Verify current conditions with the broker before opening an account.

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