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Do you want to know which is the better broker between ACY Securities and FXCL ?
In the table below, you can compare the features of ACY Securities , FXCL side by side to determine the best fit for your needs.
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You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of acy-securities, fxcl lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
ACY Securities Review Summary in 10 Points | |
Founded | 2011 |
Registered Country | Australia |
Regulation | (AUS) in Australia |
Market Instruments | Stocks, FX, Commodities, Indices, ETFs |
Demo Account | Available |
Leverage | 500:1 |
EUR/USD Spread | Low |
Trading Platforms | MT4, MT5 |
Minimum deposit | $50 |
Customer Support | 24/5 live chat, phone, email |
ACY Securities is a multi-financial broker regulated by the Commonwealth of Australia Regulatory Authority (AUS) in Australia. Since 2011, the company has relied on its keen insight into the market, effective demand management, client-oriented & advanced technology, and perfect educational resources to help more institutional participants and retail traders integrate into the ever-changing financial derivatives industry.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
ACY Securities offers a comprehensive trading experience with access to multiple assets through the industry-standard MT4/MT5 platforms. It shines in stringent regulation in Australia, low minimum deposits required, competitive spreads and commissions, trading tools, educational resources, and more. However, some traders have reported issues with severe slippage and withdrawals. While ACY provides demo accounts for practice, it's crucial to evaluate the potential drawbacks alongside the benefits before committing to a live account.
Pros | Cons |
• Strictly regulated in Australia | • Reports of severe slippage and withdrawal issues |
• Multiple trading assets and funding options | |
• Demo accounts available | |
• MT4 and MT5 supported | |
• Low minimum deposit ($50) | |
• Competitive spreads and commissions | |
• Trading tools and educational resources available | |
• Multiple communication channels available |
Note: These pros and cons are based on the information provided and may not be exhaustive.
There are many alternative brokers to ACY Securities depending on the specific needs and preferences of the trader. Some popular options include:
RoboForex - A reliable broker with a wide range of trading platforms, but with high fees and a limited product portfolio.
Hantec Markets - A good choice for experienced traders seeking a range of markets and trading platforms, but with limited educational resources and high fees.
Key Way Investments - A decent broker for beginners with a strong focus on education and low fees, but with a limited product range and average customer service.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Currently, ACY Securities has two entities regulated by the Commonwealth of Australia Regulatory Authority (AUS) in Australia. The only difference lies in license type: ACY SECURITIES PTY LTD holds a Maket Making license under license no. 403863 and ACY CAPITAL PTY LTD holds a STP license under license no.474738.
ACY Securities offers access to over 2200+ trading instruments, covering Forex, Indices, Commodities, Cryptocurrencies, ETFs, Shares as well as Futures. This allows traders to diversify their trading portfolio and take advantage of different market conditions. With so many options, traders can find opportunities in multiple asset classes and take positions based on their trading strategies. The variety of instruments offered by ACY Securities makes it a versatile platform for traders looking for diverse opportunities in the financial markets.
In terms of accounts offered, both demo accounts and live trading accounts are available on the ACY Securities platform.
Demo Accounts
ACY Securities demo accounts are funded with $100,000 in virtual funds, replicating the real trading experience. Traders can access over 2,200 tradable assets through the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, allowing them to familiarize themselves with the platform's features and functionalities before committing real capital.
Live Trading Accounts
For live trading accounts, ACY Securities presents three options: Standard, ProZero, and Bespoke. The Standard account requires an initial minimum deposit of $50, with subsequent minimum deposits set at $50 as well. Both the ProZero and Bespoke accounts mandate a higher initial minimum deposit of $200 and $10,000, respectively. Regardless of the account type, all three options allow traders to open positions with a minimum trading volume of 0.01 lot. Notably, while the Standard account offers swap-free (Islamic) trading, this feature is not available for ProZero and Bespoke accounts.
All account base currencies are available in USD, AUD, EUR, GBP, NZD, CAD, JPY, targeting traders from a broader range of areas.
ACY Securities currently provides 50:1, 100:1, 200:1, 300:1, 400:1, and 500:1 leverage to meet investors' various needs. The maximum leverage for commodities and precious metals is 1:500, the stock index is 1:100, and for share CFDs is 1:25.
While leverage can amplify potential profits, it also increases the risk of significant losses. Therefore, it's important for traders to understand the risks involved and use leverage responsibly, especially for beginner traders who should start with lower leverage until they gain more experience.
Spreads and commissions with ACY Securities are scaled with the accounts offered. Specifically, the spread is variable on the Standard account, and from 0.0 pips on the ProZero and Bespoke accounts.
Note that the ProZero and Bespoke accounts have a commission-based pricing structure, which means that while the spreads can be tighter, traders need to pay a commission on top of the spread. Specifically, $3 per lot per side on the Bespoke account, 2.5/lot per side on the Bespoke account. In contrast, there is no commission charged for the Standard account.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
ACY Securities | From 0.0 pips | No commission on Standard,$3/lot per side on ProZero, $2.5/lot per side on Bespoke |
RoboForex | From 0.0 pips | $20/lot per side |
Hantec Markets | From 1.2 pips | No commission |
Key Way Investments | From 0.7 pips | No commission |
Note: Spreads can vary depending on market conditions and volatility.
ACY Securities provides clients with the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms for desktop, mobile, and web. These platforms are renowned for their user-friendly interfaces and advanced charting capabilities, as well as their extensive range of technical indicators and trading tools.
With MT4 and MT5, traders can customize their trading experience to suit their individual needs, and execute trades quickly and efficiently. The mobile and web versions of the platforms allow traders to access their accounts on-the-go, ensuring that they can always stay up-to-date with market conditions and execute trades at their convenience.
Overall, the availability of these well-established trading platforms can be a significant advantage for traders who are looking for a reliable and versatile trading experience.
See the trading platform comparison table below:
Broker | Trading Platforms |
ACY Securities | MT4, MT5 |
RoboForex | MT4, MT5, cTrader |
Hantec Markets | MT4, WebTrader |
Key Way Investments | MT4, WebTrader |
ACY Securities offers a variety of trading tools to enhance clients' trading experience. Capitalise.ai is a trading automation platform that enables traders to automate their strategies using natural language. MetaTrader Scripts are designed to help traders automate some repetitive actions in the MT4 and MT5 platforms, such as opening multiple orders or closing all positions at once.
Signal Start is a platform that provides signals from third-party signal providers, which traders can use to make informed trading decisions. Forex VPS is a virtual private server service that allows traders to run their trading platform and expert advisors (EAs) 24/7 without interruptions. With these trading tools, traders can optimize their trading strategies, improve efficiency, and potentially increase profitability.
ACY Securities offers approximately 20 funding options including China Union Pay, QR codes, credit/debit cards, e-wallets (PayTrust, DragonPay, Skrill, Neteller), bank transfers, and cryptocurrencies (USDT, BTC, ETH). Minimum deposits range from $50 to $1,000 depending on the method. No deposit fees are charged, and processing time is typically within 24 hours. The platform targeting traders globally with multi-currency support.
ACY Securities | Most other | |
Minimum Deposit | $50 | $100 |
You can make 3 free withdrawals per month, and after that, you will be charged $25 per withdrawal in your base currency, or you can wait for the new month to get your free withdrawals again. The amount you withdraw must be the same as the deposit, and you must withdraw within 20 days of the transaction.
ACY Securities processes withdrawal requests on the same day if received before 16:00 AEST; requests received after that time will be processed on the next business day. The speed of receiving and clearing funds depends on the withdrawal method chosen. Bank transfers take 2-3 business days, while card withdrawals take 3-5 business days.
See the deposit/withdrawal fee comparison table below:
Broker | Deposit Fees | Withdrawal Fees |
ACY Securities | Free for most methods | 3 free withdrawals/month, then $25 |
RoboForex | Free for most methods | Depends on the method and country |
Hantec Markets | Free for most methods | Depends on the method and country |
Key Way Investments | Free for most methods | Depends on the method and country |
Please note that the fees may vary depending on the specific payment method used and the country of the trader. It is important to check the broker's website for the most up-to-date information on fees and charges.
ACY Securities provides multiple channels for clients to get in touch 24/5, including phone, email, live chat, and an online messaging system. Clients can also follow the broker on various social media platforms such as Twitter, Facebook, Instagram, YouTube, LinkedIn, and TikTok. In addition, an FAQ section is available on the website to answer common questions. Overall, ACY Securities' customer service is considered reliable and responsive, with various options available for traders to seek assistance.
Pros | Cons |
• Multi-channel support | • No 24/7 customer support |
• Live chat support | • Some users have reported difficulties resolving issues with customer service |
• FAQ section available | |
• Social networks updated |
Note that these pros and cons are based on user feedback and experiences, and may not necessarily be representative of everyone's experience with ACY Securities' customer service.
ACY Securities places great emphasis on forex education, providing a wide range of learning resources to help traders improve their trading skills and strategies. The broker offers a variety of educational materials, including webinars, e-books, and premium training resources, catering to traders at all levels, from beginners to experienced professionals.
The Market Analysis Webinar provides insight into market trends and helps traders stay up to date with the latest news and events affecting the forex market. The Forex E-books are comprehensive guides that cover various trading strategies, tools, and techniques. The Premium Training Resources are designed to provide traders with personalized education tailored to their individual needs, helping them gain a deeper understanding of the forex market and improve their trading performance.
As a whole, ACY Securities is a regulated and reputable broker that offers a wide range of trading instruments, multiple account types, and various trading platforms. The broker also provides traders with educational resources, trading tools, and excellent customer support. However, there have been some reports of slippage and withdrawal issues, which should be taken into consideration.
ACY Securities may be a suitable broker for experienced traders looking for a diverse range of trading options and strong support, but potential investors should be aware of the risks involved and exercise caution before investing.
Is ACY Securities regulated?
Yes. It is regulated by the (AUS) in Australia.
Does ACY Securities offer demo accounts?
Yes. Demo accounts funded with $100, 000 in virtual funds are offered.
Does ACY Securities offer the industry-standard MT4 & MT5?
Yes. Both MT4 and MT5 are available.
What is the minimum deposit for ACY Securities?
The minimum initial deposit to start trading is $50.
Is ACY Securities a good broker for beginners?
No. ACY Securities is not a good choice for beginners. Though it advertises very well, there are too many complaints on the Internet.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Aspect | Information |
Registered Country/Area | St. Vincent and the Grenadines |
Company Name | FXCL Markets Ltd |
Regulation | Previous license revoked (Vanuatu Financial Services Commission) |
Minimum Deposit | Not specified (may vary by account type) |
Maximum Leverage | Up to 1:2000 (varies by account type) |
Spreads | Fixed and floating spreads (specifics vary by account type) |
Trading Platforms | MetaTrader 4 (MT4) on various devices |
Tradable Assets | Forex, Precious Metals, Commodities, Fund Management, Clearing, Primary Brokering, and other legal activities |
Account Types | Fixed Spread Account, Floating Spread Account, Special Accounts (specifics provided in previous responses) |
Customer Support | Email support, registered address (specifics provided in previous responses) |
Payment Methods | Various methods including Online Bank (Paytrust), Instant Deposits via 'H2P,' Crypto (AlphaPo), PerfectMoney, Local Deposit, FasaPay, Dragonpay (specifics provided in previous responses) |
Educational Tools | Forex glossary, Market analysis overview for beginners, Analysis theory (specifics provided in previous responses) |
Overview
FXCL Markets Ltd operates from St. Vincent and the Grenadines and was previously regulated by the Vanuatu Financial Services Commission, although its license has been revoked. The company offers a range of trading account types with varying leverage options and spreads, and it utilizes the MetaTrader 4 (MT4) platform for trading across multiple devices. Tradable assets include Forex, Precious Metals, Commodities, Fund Management, Clearing, Primary Brokering, and other legal activities. While specific details like the founding year, minimum deposit requirements, and availability of demo or Islamic accounts are not provided, the broker offers email-based customer support and various payment methods. Educational resources include a Forex glossary and materials for both beginner and advanced traders.
Regulation
Revoked.
FXCL MARKETS LTD previously held a Retail Forex License regulated by the Vanuatu Financial Services Commission (VFSC), permitting them to offer retail forex trading services. However, the license was revoked at an unspecified date. License revocation typically occurs due to non-compliance with regulatory requirements or financial misconduct. When a license is revoked, the entity is no longer authorized to provide regulated services, and they must cease their operations in that specific area. For detailed information about the revocation and its implications, further inquiry with the VFSC or additional sources is advisable.
Pros and Cons
Pros | Cons |
Offers a variety of trading instruments, including Forex, Precious Metals, and Commodities. | Previous regulatory license was revoked, raising concerns about regulatory oversight. |
Provides multiple account types with varying leverage, spreads, and trading conditions, catering to diverse trader preferences. | Limited information available about the broker's history and track record. |
Offers the popular MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and robust features. | Limited information on the broker's educational resources and market analysis tools. |
Supports a range of payment methods for both depositing and withdrawing funds, making it convenient for traders from different regions. | Some account types have relatively high margin call and stop-out levels. |
Customer support is accessible through email, providing traders with various options for assistance. | Lack of information regarding trading fees, such as overnight swap rates. |
Provides educational resources, including a Forex glossary and market analysis for beginners, to support traders at different skill levels. | Limited transparency about trading spreads and commissions. |
FXCL Markets offers a range of advantages, such as diverse trading instruments, multiple account types, and the popular MT4 platform. They also provide various payment methods and accessible customer support. However, concerns arise due to the revocation of their previous regulatory license and limited information on their history and educational resources. Traders should exercise caution and conduct thorough research when considering this broker.
Market Instruments
Based on the information provided, the broker offers a variety of trading instruments that encompass several categories, including Foreign Exchange (Forex), Precious Metals, Commodities, Fund Management, Clearing, Primary Brokering, and other legal activities. Here's a description of each category of market instruments offered by the broker:
Foreign Exchange (Forex): Forex trading involves the exchange of one currency for another, and it is one of the most popular forms of trading. In this category, the broker likely provides a wide range of currency pairs for trading, allowing clients to speculate on the price movements of different currencies, such as EUR/USD, GBP/JPY, and more.
Precious Metals: Precious metals trading typically includes instruments like gold, silver, platinum, and palladium. Traders can buy or sell these metals to profit from changes in their market prices. Precious metals are often considered safe-haven assets and are used for diversification and hedging purposes.
Commodities: Commodities trading involves various physical goods like oil, natural gas, agricultural products, and more. These commodities are traded in futures and spot markets, and traders can speculate on price fluctuations. Commodity trading can be attractive for those looking to diversify their portfolios.
Fund Management: Fund management implies that the broker may offer services related to managing investment funds. This could include portfolio management, asset allocation, and investment advisory services to help clients grow their investments.
Clearing: Clearing services are often associated with the settlement and clearing of financial transactions, ensuring the smooth and secure transfer of assets between buyers and sellers. Brokers may offer clearing services to facilitate trading activities.
Primary Brokering: Primary brokering typically refers to the intermediary role in trading securities. This may involve connecting buyers and sellers in various markets, such as stock exchanges or fixed-income markets, to execute trades.
Other Legal Activities: This category is quite broad and could encompass a range of financial and legal services. It may include activities related to regulatory compliance, legal advisory, or other financial services permitted by the regulatory authorities.
Market Instrument Category | Examples of Instruments |
Foreign Exchange (Forex) | Currency pairs (e.g., EUR/USD, GBP/JPY) |
Precious Metals | Gold, silver, platinum, palladium |
Commodities | Oil, natural gas, agricultural products |
Fund Management | Portfolio management, asset allocation |
Clearing | Settlement and clearing services |
Primary Brokering | Intermediary services for securities |
Other Legal Activities | Regulatory compliance, legal advisory |
Please note that the specific instruments offered by the broker within each category may vary, and clients should refer to the broker's offerings and terms and conditions for precise details on available trading options.
Account Types
FXCL offers three tiered trading account types, each catering to the diverse needs and preferences of traders. These account types are designed to provide flexibility in terms of leverage, spreads, and trading conditions. Let's explore each account type in detail.
Fixed Spread Account
Account Currency: This account is available in US cent, EU cent, MYR cent, and THB cent for Cent accounts. For Standard accounts, it supports USD, EUR, MYR, THB, and NGN.
Leverage: Cent accounts offer leverage up to 1:1000, while Standard accounts offer leverage up to 1:500.
Spread: Both Cent and Standard accounts have fixed spreads, starting from 1 pip. The full spread list is available for reference.
Margin Call/Stop Out Level: Both account types share a margin call level of 30% and a stop-out level of 10%.
Execution: Instant execution is provided for both account types.
Position Size: Cent accounts support positions ranging from 0.01 to 200.00 lots, while Standard accounts allow positions from 0.01 to 2.00 standard lots.
Max. Number of Positions Online: Cent accounts allow up to 150 positions, while Standard accounts permit up to 100.
Commission: There is no commission for trading in either account type.
Quotes: Both account types offer basic quotes with 4 digits after the comma.
Swap Interest: Swap-free options are available for traders who require them.
Hedging Policy: Hedging is permitted except between swap and swap-free accounts.
Locked-Up Margin for Hedged Positions: There is no locked-up margin for hedged positions in either account type.
Strategy Policy: Generally, there are no limits on trading strategies for both account types.
Floating Spread Account
Account Currency: This account type supports USD, MYR, THB for Start accounts, US cent, MYR cent, THB cent for Interbank Cent accounts, USD, MYR, THB, NGN for Interbank Standard accounts, and USD for ECN Pro accounts.
Leverage: The leverage varies, with Start accounts offering up to 1:2000, Interbank Cent and Interbank Standard accounts offering up to 1:500, and ECN Pro accounts offering up to 1:300 for Forex and metals, up to 1:100 for indices, and up to 1:10 for crypto.
Spread: All these account types feature floating spreads, with different starting points. Detailed spread lists are available for reference.
Margin Call/Stop Out Level: Margin call and stop-out levels vary between account types, offering flexibility to traders.
Execution: Market execution is provided for all floating spread account types.
Position Size: Position sizes vary across account types and asset classes, providing options for different trading strategies.
Max. Number of Positions Online: The maximum number of online positions varies, allowing traders to choose their preferred trading volume.
Commission: Commission structures differ for each account type and asset class.
Quotes: All floating spread account types offer extended quotes with 5 digits after the comma.
Swap Interest: Swap-free options are available, and swap interest varies based on the specific account type and asset class.
Hedging Policy: Hedging is generally allowed, except between swap and swap-free accounts.
Locked-Up Margin for Hedged Positions: There is no locked-up margin for hedged positions in any of these account types.
Strategy Policy: The broker typically allows various trading strategies, including scalping and algorithmic trading, particularly in ECN Pro accounts.
Special Accounts
Account Currency: Both account types are denominated in USD.
Leverage: Leverage of up to 1:1000 is available for both Live Contest and Volume Cash accounts.
Spread: These accounts offer floating spreads, and detailed spread lists are provided.
Margin Call/Stop Out Level: Both account types share a margin call level of 70% and a stop-out level of 50%.
Execution: Automatic Market Execution is applied to both account types.
Position Size: Position size ranges are suitable for Forex and metals trading.
Max. Number of Positions Online: Traders can maintain a maximum of 50 positions online in these accounts.
Commission: There is a commission of $1.5 per lot for Forex and metals trading in both Live Contest and Volume Cash accounts.
Quotes: Both account types offer extended quotes with 5 digits after the comma.
Swap Interest: Swap-free options are available for traders who require them.
Hedging Policy: Hedging is allowed in both account types, except between swap and swap-free accounts.
Locked-Up Margin for Hedged Positions: There is no locked-up margin for hedged positions in these accounts.
Strategy Policy: Generally, there are no limits on trading strategies for both Live Contest and Volume Cash accounts.
Account Type | Account Currency | Leverage | Spread Type | Margin Call/Stop Out | Execution | Max. Position Size | Max. Positions Online | Commission | Quotes | Swap Interest | Hedging Policy | Locked-Up Margin for Hedged Positions | Strategy Policy |
Fixed Spread | Cent: US cent, EU cent, MYR cent, THB cent Standard: USD, EUR, MYR, THB, NGN | Up to 1:1000 (Cent) Up to 1:500 (Standard) | Fixed, starting from 1 pip | 30%/10% | Instant | Cent: 0.01 - 200.00 lot Standard: 0.01 - 2.00 standard lot | Cent: 150 Standard: 100 | No | Basic (4 digits) | Swap-free available | Hedging allowed except between swap and swap-free accounts | 0% | Generally, no limits |
Floating Spread | Start: USD, MYR, THB Interbank Cent: US cent, MYR cent, THB cent Interbank Standard: USD, MYR, THB, NGN ECN Pro: USD | Start: Up to 1:2000 Interbank Cent/Standard: Up to 1:500 ECN Pro: Up to 1:300 (Forex, metals) Up to 1:100 (Indices) Up to 1:10 (Crypto) | Floating | Varies | Market | Varies based on account type and asset class | Varies based on account type | Varies | Extended (5 digits) | Swap-free available | Hedging allowed except between swap and swap-free accounts | 0% | Generally, no limits |
Special Accounts | Live Contest: USD Volume Cash: USD | Up to 1:1000 | Floating | 70%/50% | Automatic Market Execution | 0.01 - 3.00 standard lot | 50 | $1.5 per lot (Forex, metals) | Extended (5 digits) | Swap-free | Hedging allowed except between swap and swap-free accounts | 0% | Generally, no limits |
Leverage
A leverage ratio of 1:2000 means for every $1 you deposit, the broker provides you with up to $2000 in trading funds. It amplifies potential profits but also increases risk, so it's crucial to trade responsibly and be aware of market movements to avoid losses. Leverage availability varies among brokers and markets, and it's essential to understand your broker's specific terms and conditions.
Fixed Spread Accounts:
Cent Account: Fixed spreads starting from 1 pip, no commission.
Standard Account: Fixed spreads starting from 1 pip, no commission.
Floating Spread Accounts:
Start Account: Floating spreads, no commission.
Interbank Cent Account: Floating spreads starting from 1.1 pip, no commission.
Interbank Standard Account: Floating spreads starting from 1.1 pip, no commission.
ECN Pro Account: Floating spreads, commissions vary ($3 per lot for Forex and metals; 0.15% per lot for cryptocurrencies).
Special Accounts:
Live Contest Account: Floating spreads, commission of $1.5 per lot for Forex and metals.
Volume Cash Account: Floating spreads, commission of $1.5 per lot for Forex and metals.
This summary provides a clear overview of the spreads and commissions associated with each account type, helping traders make informed choices based on their trading preferences.
Deposit & Withdrawal
Depositing Funds:
When you open your trading account, you can easily deposit funds directly from your Trader's Cabinet, where you'll find step-by-step instructions. The broker offers several payment methods for depositing funds:
Online Bank (Paytrust): This local payment method allows deposits from the main banks of Indonesia, Malaysia, and Vietnam. It provides instant deposits.
Instant Deposits via 'H2P': You can make instant deposits from the main local banks of Indonesia, Malaysia, and Vietnam using the 'H2P' payment system. FXCL covers the fees for deposits made through this method.
Crypto (AlphaPo): This is an instant payment system with automatic conversion from BTC and USDT to USD and EUR. It offers an easy deposit procedure.
PerfectMoney: You can fund your PerfectMoney account directly by wire transfer or via exchangers. It's an instant payment system with low fees.
Local Deposit: This convenient, low-fee payment method allows you to work with your local currency through internal transfers to popular national banks. Processing of Local Deposits takes up to 1 business day.
FasaPay: A known payment service that guarantees quick and safe transactions, available in USD and IDR for Indonesia and in USD for Malaysia. FXCL provides full fee coverage for FasaPay deposits.
Dragonpay: Allows deposits in PHP via online banking and ATMs for clients from the Philippines.
Withdrawing Funds:
To withdraw your funds, you can log in to your Trader's Cabinet and make a withdrawal request, which will be processed within 1 business day. Please note that you need to verify your profile before withdrawing funds. The withdrawal methods available include:
Online Bank (Paytrust): This method processes withdrawals to the main banks of Indonesia, Malaysia, and Vietnam.
Local Payments via 'H2P': Withdrawals to the main local banks of Indonesia, Malaysia, and Vietnam can be made using the 'H2P' payment system.
Crypto (AlphaPo): An instant payment system with automatic BTC to USD and EUR conversion.
PerfectMoney: You can withdraw funds directly via wire transfer or exchangers if you funded your PerfectMoney account with a Credit Card or other e-currencies. It offers low fees.
Local Deposit: Similar to the deposit process, this method allows low-fee withdrawals in your local currency through internal transfers to popular national banks.
FasaPay: Known for quick and safe transactions, available in USD and IDR for Indonesia and in USD for Malaysia. Withdrawal fees for FasaPay are very low.
Dragonpay: Enables withdrawals in PHP via online banking and ATMs for clients from the Philippines.
It's important to follow some basic rules when making requests:
Third-party transactions are not accepted.
Deposit methods on the same account cannot be mixed.
Withdrawal methods can be mixed, and the broker may cover payment fees as part of a promotional campaign.
The limits for fee coverage are $500 for deposits and $100 for withdrawals per trader per month.
The company retains the right to apply reverse compensation fees, and the fee may be deducted from available funds across the client's accounts.
In summary, this broker offers a variety of payment methods for both depositing and withdrawing funds, catering to traders from different regions and preferences. The process is user-friendly and ensures the security of transactions.
Trading Platforms
This broker provides the highly popular MetaTrader 4 (MT4) trading platform, trusted by millions of traders worldwide. MT4 is available for various operating systems, including Android, iOS, Windows, macOS, and via a web terminal or the AppGallery for Android devices.
To install MT4 on Windows, traders can download the fxcl4setup.exe file and initiate the installation process by clicking on it. Accepting the License Agreement starts the automatic installation, and users can also choose to save the installation file for later use. Importantly, this download and installation are entirely free.
For uninstalling MT4 on Windows, users can access the Control Panel, select “Add or Remove Programs” (or “Programs and Features” in Windows 7), locate “MetaTrader – FXClearing,” and confirm the uninstallation.
Additionally, useful documentation is available, including the “MT4 User Guide” for platform features and the “FXCL Markets End-User License Agreement (EULA)” for legal terms.
In summary, this broker offers the widely trusted MetaTrader 4 (MT4) platform, accessible across various devices and operating systems. MT4 is known for its user-friendly interface and robust trading capabilities, making it a preferred choice for traders of all levels.
Customer Support
Customer Support at this broker is easily accessible through various means, providing traders with multiple options to address their inquiries or concerns.
Contact Options:
Email Support: Traders can reach out to the broker by sending an email. The required contact details include your name, email address, MT4 Account number, and the nature of your inquiry or message. This method allows for detailed communication and documentation of queries.
Registered Address: The broker provides its registered address as Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines. While this address is primarily for official purposes, it can serve as a reference point.
Email Addresses: The broker offers specific email addresses for different purposes, such as general support inquiries via support@fxclearing.com and bonus-related requests via rebate@fxclearing.com. This segmentation allows for efficient handling of various types of requests.
Customer-Centric Approach:
The broker's customer support team aims to provide timely and helpful assistance to traders. Whether it's inquiries about trading, account management, technical issues, or bonus-related matters, traders can expect a dedicated response based on the nature of their query.
The provision of specific email addresses for different types of requests ensures that inquiries are directed to the appropriate department, streamlining the support process. This tailored approach allows for more efficient and effective customer service.
In summary, this broker offers a customer support system designed to meet the diverse needs of traders. With multiple contact options and specialized email addresses, traders can easily reach out for assistance and expect a customer-centric approach to addressing their queries and concerns.
Educational Resources
FXCL Markets offers a robust array of educational resources to support traders at all levels. These resources include:
Forex Glossary: FXCL Markets provides a comprehensive Forex glossary, offering traders valuable definitions and terminology essential for their trading journey.
Market Analysis Overview for Beginners: Tailored for novice traders, this overview introduces the fundamental concepts of market analysis, encompassing both fundamental and technical aspects.
Analysis Theory: FXCL Markets recognizes the importance of proper market analysis. Their educational materials delve into the intricacies of fundamental and technical analysis, empowering traders to make informed decisions.
In essence, FXCL Markets' educational resources cover the essentials, making it a valuable hub for traders seeking to enhance their trading knowledge and skills. Explore these resources further on the FXCL Markets Education page.
Summary
FXCL Markets is a Forex broker offering various trading instruments across categories like Foreign Exchange (Forex), Precious Metals, Commodities, Fund Management, Clearing, Primary Brokering, and more. Traders can choose from three account types, each with distinct features to cater to their preferences. The broker provides the popular MetaTrader 4 (MT4) trading platform, accessible on multiple devices. Traders can deposit and withdraw funds through various methods, making transactions easy and secure. FXCL Markets places emphasis on customer support, offering multiple contact options and specialized email addresses for inquiries. Additionally, they provide a range of educational resources to support traders at all levels, including a Forex glossary and market analysis materials. It's important to note that their previous regulatory license has been revoked, and traders should exercise caution.
FAQs
Q1: What is FXCL Markets?
A1: FXCL Markets is a brokerage firm that offers online trading services in various financial markets, including Forex, Precious Metals, Commodities, and more.
Q2: Is FXCL Markets regulated?
A2: FXCL Markets previously held a retail forex license regulated by the Vanuatu Financial Services Commission (VFSC), but the license was revoked. Traders should conduct further research to understand the implications of this revocation.
Q3: What trading platforms does FXCL Markets offer?
A3: FXCL Markets provides the MetaTrader 4 (MT4) trading platform, available for different operating systems, including Android, iOS, Windows, macOS, and web-based.
Q4: What are the account types at FXCL Markets?
A4: FXCL Markets offers three types of accounts: Fixed Spread, Floating Spread, and Special Accounts, each designed to cater to specific trading preferences and conditions.
Q5: How can I contact FXCL Markets' customer support?
A5: You can contact FXCL Markets' customer support by sending an email to support@fxclearing.com for general inquiries or rebate@fxclearing.com for bonus-related requests. Additionally, you can find their registered address in St. Vincent and the Grenadines for reference.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive acy-securities and fxcl are, we first considered common fees for standard accounts. On acy-securities, the average spread for the EUR/USD currency pair is -- pips, while on fxcl the spread is from 0.1.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
acy-securities is regulated by ASIC,ASIC. fxcl is regulated by VFSC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
acy-securities provides trading platform including Bespoke,ProZero,Standard and trading variety including --. fxcl provides trading platform including ECN Pro account,Volume Cash account,Live Contest account,Interbank Cent account,Interbank Standard account,Start account,Standard account,Cent account and trading variety including --.