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FXCL

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Operating status: SCAM

Website: https://www.fxclearing.com/

Broker violations and abnormal records
  • 2025-09-09 BrokersView has reviewed that FXCL is an unregulated broker

    According to its website, it claims to be registered in Botswana. As we all know, Botswana does not have the right to regulate foreign exchange. More notably, its previously claimed that the Financial Services Authority of St. Vincent and Grenadines (SVG FSA) registration has announced its discontinuation. All the signs indicate substantial risks of FXCL. Investors should be informed about the development and stay clear of it.

    According to its website, it claims to be registered in Botswana. As we all know, Botswana does not have the right to regulate foreign exchange. More notably, its previously claimed that the Financial Services Authority of St. Vincent and Grenadines (SVG FSA) registration has announced its discontinuation. All the signs indicate substantial risks of FXCL. Investors should be informed about the development and stay clear of it.

Related Complaints

Q&A

Do they offer any educational resources?

Antony
New Caledonia
2023-01-30
ANSWER FXCL (FXCL Markets Ltd) was established in 2006 for clients to trade on the forex market and FXCL is incorporated in Saint Vincent & The Grenadines and registered by the Financial Services Authority (SVG FSA) under the Number 1637 CTD 2018. We indeed found a match result to this broker in SVG FSA.However, the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate or license international companies engaging in such activities. Therefore, we highly recommend exercising caution when dealing with brokers claiming to be registered in or regulated by SVG FSA as they are actually unregulated.If you are looking for brokers to deal with, we would recommend brokers regulated by top-tier regulators like FCA, CySEC, ASIC, etc.
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6 comments

bobby flay
As I was expecting there answer and they given same answer but there explanation of low liquidity does not align with my experience. Between 13:29:05 and 13:31:45, I successfully opened several 200-lot trades
2024-09-13
Reply
Nicholas
I Have Deposted My Document On 17July Till now Its Still ProcessingVery Worst Service Ever Even Support Also Most Offline I Haven't Seen Baddest Serivce Ever Like Them
2023-10-27
Reply
Vally
It's a good broker with paypal payment system. I got my account veryfied within 1 day. Just 1 negative point about the trading server, it's quite slow.
2023-10-24
Reply
Ambala
satisfied all the way!
2023-10-19
Reply
Pachara
They have shifted spreads across assets in the last 2 months and are not quite sure what is going on outside of the holidays...But other brokers have done much better to their liquidity providers.
2023-06-18
Reply
Myrna
I have been trading with my real account for a week and everything is fine. There's a bit of lag compared to their DEMO account, but other than that, it's really great.Their customer service is fast, they're on the right side morally, they won't cheat you out of your money, and they offer a variety of deposit options.I've been practicing on their platform for at least a year and their real account behavior matches their demo account.
2023-06-09
Reply
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.