FXCL Review 2021

FXCL boasts a competitive range of leverage rates and tradeable instruments that can be accessed through the MetaTrader 4 terminal.

FXCL is broker that offers traders CFD, Forex and Cryptocurrency. FXCL allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.

In terms of features offered to traders, FXCL has Demo Accounts and Islamic Accounts but is missing Social Trading, Signals and Auto Trading.

FXCL also gives traders access to 3 cryptocurrencies: BTC, LTC and ETH.

FXCL is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.

FXCL Summary

FXCL boasts a competitive range of leverage rates and tradeable instruments that can be accessed through the MetaTrader 4 terminal.

Ratings

30%
Trust
50%
Instruments
42%
Features
BonusNone
InstrumentsCFD, Forex, Crypto
Demo Account
Min. Deposit$1
Min. Trade0.01 lots
Regulated BySVG FSA
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps iOS & Android
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

CFD Trading

FXCL offers CFDs on assets covering equity indices, commodities, currencies and cryptos.

Leverage1:2,000
FTSE Spread130
GBPUSD Spread0.4
Oil Spread5
Stocks SpreadN/A

Forex Trading

FXCL clients can trade more than 40 major, minor and exotic currency pairs with regular and ECN execution models on the MT4 platform.

GBPUSD Spread0.4
EURUSD Spread0.1
EURGBP Spread0.4
Assets43

Cryptocurrency Trading

FXCL supports three different cryptocurrencies, pegged against the US dollar.

SpreadVariable
CoinsBTC, LTC, ETH
Risk Warning – Your capital is at risk

FAQ

Is FXCL Safe?

In our review we gave FXCL a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts. One of the main negative factors in this low score is that FXCL is not FCA regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.

Does FXCL Accept PayPal?

No, FXCL does not accept PayPal payments.

Is FXCL Halal?

Yes, FXCL does offer an Islamic trading account and should thus be Halal to trade with.

What trading platforms does FXCL support?

FXCL only supports the MetaTrader 4 trading platform at this time.

Is FXCL Regulated?

Yes, FXCL is regulated by SVG FSA.

The fact that FXCL is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for alternatives.

FXCL vs Other Brokers

If you want to compare FXCL with other brokers, use the detailed comparisons below.

FXCL vs
FXCL boasts a competitive range of leverage rates and tradeable instruments that can be accessed through the MetaTrader 4 terminal.