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FXCL vs Superforex

FXCL or SuperForex – which is better for UK traders 2024? Compare FXCL and SuperForex in this detailed breakdown of their platforms, features and fees.

FXCL vs SuperForex Comparison Table 2024
FXCL	SuperForex

1.8	3.6
FXCL is ranked #97 among CFD brokers.	SuperForex is ranked #39 among CFD brokers.
Review	Review
FXCL is an offshore brokerage registered with the VFSC. The firm uses ECN execution to offer spreads from 0.0 pips. There are no deposit or withdrawal fees and access to reliable trading tools, including MetaTrader 4. Several promotions are also available including demo contests with cash prizes and deposit bonuses.	Established in 2013, SuperForex is an offshore CFD and forex broker offering highly leveraged trades on 400+ instruments via the popular MetaTrader 4 platform. The broker has gained clients in over 150 countries and is regulated by the Belize IFSC. With a range of STP/ECN account types, including swap-free, micro and zero spread, this broker continues to suit traders with different styles and setups. SuperForex also offers a range of welcome bonuses and trading contests.
Pros
Regular trading contents with cash prizes, referral schemes and incentives for new and existing traders Integrated MT4 web platform and mobile app with analysis tools and custom charting Loss-free trading insurance for account balances of $500+ Multiple account options including a Cent solution for beginners Copy trading service for a hands-off investment approach Very high leverage up to 1:2000 Fast deposits and withdrawals	SuperForex is accessible for beginners, with minimum deposits from $1, a choice of fixed or variable spreads, and access to copy trading You can get free access to the Pattern Graphix expert advisor software for MT4, a price pattern analysis tool which can help you save time Various accessible payment methods are supported, including crypto, with zero fees and fast processing times SuperForex offers an auto-reset balance program, which prevents trading accounts from dropping below zero There’s a good range of STP and ECN account types to choose from, as well as crypto and cent accounts The broker offers an impressive range of 12+ account base currencies covering multiple global regions Traders can receive 5% annual interest on their account equity - a great way to earn passive income There’s a decent range of educational resources including video tutorials, guides and seminars
Cons
Higher than average fees with spreads above 1 pip on forex during tests Deposit and withdrawal fees apply if minimums are not met Very basic education and market research that trails the best brokers Low trust score with weak regulation US traders not accepted	The Belize IFSC is not considered a top-tier regulatory provider, so clients may receive fewer financial safeguards The 0.5-pip minimum spreads in the standard ECN accounts are not as tight as some of the cheapest ECN brokers, such as Pepperstone
Awards
	Best Cryptocurrency broker LATAM 2022 – Global Business Magazine The Best Withdrawal Options Africa 2022 – World Financial Award Best ECN Broker in Africa 2021 – Global Business Magazine Best ECN Broker in Africa 2021 – International Business Magazine Best New ECN Broker in Africa 2020 - Global Brands Magazine
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
CFDs, Forex, Cryptos, Commodities	CFDs, Forex, Stocks, Cryptos, Commodities
Bonus
	50% Welcome Deposit Bonus
Demo Account
Yes	Yes
Minimum Deposit
$1	$1
Payment Methods
	Credit Cards FasaPay Mastercard Neteller Perfect Money Skrill STICPAY Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
SVG FSA	IFSC
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating

Android App Rating

Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	Yes
ECN Account
Yes	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	The Forex Copy system provides access to a huge network of experienced traders with strategies that can be mirrored in a few clicks. You only need $10 to get started with the copy trading solution.
Social Trading
No	Yes
VPS Hosting
No	No
Tournaments
No	Yes
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	Yes
Account Currencies
USD EUR MYR NGN	USD EUR GBP CAD AUD INR JPY ZAR MYR IDR CHF HKD SGD RUB PLN AED BRL THB VND
Commodities
Oil Silver Natural Gas	Gold Oil Silver Platinum Aluminium Palladium Zinc
CFD
FXCL offers 100+ contracts for difference spanning forex, indices and crypto. Traders get 24/5 customer support alongside fast execution speeds and a low minimum deposit of $1.	SuperForex offers CFDs on a good range of assets, though it only really shines when it comes to forex, thanks to its very diverse list. On the other hand, the significant leverage available on most assets increases profit potential, though traders will need to watch out for spreads, which compare poorly to some competitors.
Leverage
1:2000	1:2000
FTSE Spread
130	6.0 (standard account)
GBPUSD Spread<
0.4	2.5 (standard account)
Oil Spread
5	5.0 (standard account)
Stocks Spread
N/A	Variable
Forex
FXCL clients can trade more than 40 major, minor and exotic currency pairs with regular and ECN execution models on the MT4 platform. Spreads on currencies start from 0.1 pips.	With 100+ currency pairs including all majors plus many minors and exotics tradeable on the MT4 platform with 1:2000 leverage, SuperForex lives up to its name as a great choice for forex traders. The ForexCopy system is also useful for newer traders.
Assets
43	100+
GBPUSD Spread
0.4	2.5 (standard account)
EURUSD Spread
0.1	2.0 (standard account)
EURGBP Spread
0.4	2.5 (standard account)
Cryptocurrency
FXCL supports trading on three cryptos (BTC, ETH and LTC), pegged against the US dollar. However, this is a very limited selection that doesn't rival the best crypto brokers.	SuperForex offers cryptocurrency CFDs on 11 popular tokens including Bitcoin, Dash, Solana and Polkadot. 1:10 leverage is available for crypto assets and although this is a fairly limited selection of digital assets, it covers the most important tokens.
Spread
Variable	Floating or fixed
Coins
BTC LTC ETH	BTC ETH LTC ZEC DASH BCH XMR NEO EOS
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

FXCL	SuperForex
Review	Review
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