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Do you want to know which is the better broker between ATFX and FXCL ?
In the table below, you can compare the features of ATFX , FXCL side by side to determine the best fit for your needs.
EURUSD:0.6
EURUSD:2.6
EURUSD:12.66
XAUUSD:22.52
EURUSD: -6.09 ~ 2.4
XAUUSD: -25.24 ~ 14.8
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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 atfx, 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:
ATFX | Basic Information |
Company Name | AT Global Markets (UK) Limited |
Founded | 2014 |
Headquarters | London, UK |
Regulated By | ASIC, SFC, FCA, CYSEC, SCA (general registration) |
Tradable Assets | Forex, precious metals, crude oil, indices |
Account Types | Standard, Edge, Premium |
Demo Account | ✔ |
Max. Leverage | 1:30 (retail traders)/1:400 (professional traders) |
EUR/USD Spread | 0.6 pips |
Trading Platforms | MT4, ATFX Mobile Trading App |
Minimum Deposit | $/€/£100 |
Payment Methods | VISA, MasterCard, Skrill, Neteller, Bank Transfer, Trustly |
Education & Analysis | Webinars, articles, daily market outlooks, technical analysis tools |
Customer Support | Live chat, contact form |
Phone: +357 25 258 774 | |
Email: info@atfxgm.eu |
ATFX is a global online forex and CFD broker established in 2014, offering trading on various markets including forex, precious metals, crude oil, and indices. The broker also offers several account types, including the Standard Account, Edge Account, and Premium Account, targeting different trading groups, with $100 to start. Besides, the demo account is also provided. Regarding trading platform offerings, MetaTrader 4 (MT4) supported and its proprietary trading app - ATFX Mobile Trading App are offered.
On the positive side, ATFX is a well-regulated broker and offers negative balance protection to protect security of clients' funds. It also offers various trading instruments with competitive spreads via the industry-leading MT4 platform. You can also test their trading conditions via risk-free demo accounts.
Pros | Cons |
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On the downside, ATFX has limited options for deposit and withdrawal methods, as it only accepts payments via bank transfers and credit/debit cards. Another disadvantage is that ATFX does not offer social trading or copy trading features, which may be important to some traders. Finally, ATFX has limited research and analysis tools compared to other brokers, which may be a concern for more advanced traders.
ATFX is a thoroughly regulated broker, boasting four licenses from esteemed global financial regulatory bodies.
These include a Market Making (MM) license (No. 418036) from the Australia Securities & Investment Commission (ASIC), an Institution Forex License (No. 760555) from the Financial Conduct Authority (FCA) in the United Kingdom, an STP license (No. 285/15) from the Cyprus Securities and Exchange Commission (CySEC), and a general registered Investment Advisory License (No. 20200000078) from the Securities and Commodities Authority (SCA) in the United Arab Emirates.
These multiple layers of regulation demonstrate ATFX's commitment to adhering to high financial standards, transparency, and the protection of investor interests.
Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number |
ASIC | AT GLOBAL MARKETS (AUSTRALIA) PTY LTD | Market Making (MM) | 418036 | |
SFC | AT Global Financial Services (HK) Limited | Leveraged foreign exchange trading | BUM667 | |
FCA | AT Global Markets (UK) Limited | Institution Forex License | 760555 | |
CYSEC | ATFX Global Markets (Cy) Limited | Straight Through Processing (STP) | 285/15 | |
SCA | Investment Advisory License | Investment Advisory License | 20200000078 |
ATFX supports trading on forex, precious metals, crude oil, and indices. However, in contrast to other brokers, ATFX does not enable shares, cryptocurrencies, ETFs, futures or options trading, and their product choices are somewhat limited.
Tradable Assets | Supported |
Forex | ✅ |
Indices | ✅ |
Commodities | ✅ |
Shares | ❌ |
Cryptocurrencies | ❌ |
ETFs | ❌ |
Futures | ❌ |
Options | ❌ |
ATFX understands that every trader has their own trading style, preferences, and needs, and that's why it offers flexible trading account options. Whether you're a beginner or an experienced trader, there is an account type that is suitable for you.
The Standard Account is a basic account type that is suitable for beginner traders who are just starting in the forex market. It requires a minimum deposit of $100.
The Edge Account is a more advanced account type that is suitable for traders who have some experience in the forex market. It requires a minimum deposit of $5,000.
The Premium Account is the most advanced account type offered by ATFX, designed for professional traders who require advanced trading features and tools. It requires a minimum deposit of $10,000. This account type offers free VPS hosting, market analysis, a personal account manager, and access to exclusive trading tools, such as Autochartist and Trading Central.
ATFX offers demo trading accounts to its clients, allowing them to practice and familiarize themselves with the trading platform and strategies before committing real funds. Demo accounts are available for all account types, including Standard, Edge, and Premium accounts. These accounts simulate real market conditions, providing traders with the opportunity to test their trading skills and strategies without any financial risks.
The demo accounts are also an excellent tool for beginners who are new to trading as it enables them to learn the basics of trading without the fear of losing money. The demo accounts offer the same features as live accounts, including access to all trading instruments and educational resources, enabling traders to experience the real trading environment.
ATFX's demo accounts have no time limit, giving traders ample time to perfect their trading strategies and techniques. Moreover, traders can switch between the demo and live accounts anytime they want.
ATFX offers varying levels of leverage depending on the type of trading account and financial instrument.
For forex trading, the maximum leverage available for retail clients is typically 30:1 for major currency pairs and 20:1 for minor and exotic currency pairs. Professional clients may have access to higher leverage, up to a maximum of 400:1, depending on their trading experience and other criteria.
Notably, while leverage can amplify potential profits, it also magnifies potential losses, so it's crucial to use leverage responsibly and only trade with funds you can afford to lose. Additionally, different regulations may apply in different regions and countries, which could impact the maximum leverage available to traders.
ATFX offers competitive spreads and commissions on its trading accounts, which vary depending on the type of account and trading instrument.
For forex trading, ATFX offers both fixed and variable spreads, depending on the account type. The spreads for major currency pairs on the standard account start from 1.0 pip, while the spreads on the Edge account start from 0.0 pips but come with a commission of $7 per lot traded.
Aside from trading fees, ATFX also charges non-trading fees that traders should be aware of, including:
ATFX currently provides the MetaTrader 4 (MT4) platform for its traders, which is a widely used platform among forex traders. It offers advanced charting tools, technical analysis indicators, and automated trading options through Expert Advisors (EAs).
While some traders may prefer other trading platforms, the MT4 platform is a robust and reliable option with a large community of users and third-party developers creating and sharing custom indicators and EAs.
In addition to the MT4 platform, ATFX also provides the Mobile Trading App, allowing traders to trade on the go.
ATFX's minimum deposit requirement of $100 makes it an accessible option for traders who are just starting out or those who prefer to trade in smaller amounts. The following payment methods are available for deposits:
How to withdraw money from my trading account?
Please note: Your bank account must be fully verified before submitting a withdrawal request.
The time it takes for funds to return to a trader's bank account will depend on the withdrawal method used.
For bank transfers, once the funds have been removed from the trading account, it will take 3-5 business days before they arrive in the trader's bank account. The actual time required for processing may vary, and traders should refer to their bank for more information.
If using an e-wallet, funds will typically be returned to the trader's e-wallet within 2 business days.
For refunds to credit/debit cards, the process typically takes 2-5 business days after the withdrawal has been successfully processed. However, if there are restrictions preventing funds from being returned to the card, ATFX may request a valid bank statement and return the funds to the trader's registered bank account. In such cases, the trader will be contacted by their relationship manager.
All withdrawal requests received before 2 pm (UK time) on a business day will be processed on the same day. Requests received after this time will be processed on the next available business day.
ATFX customer support can be connected through the following channels:
ATFX offers rich and solid educational resources to help traders improve their skills and knowledge.
One of the primary educational resources available through ATFX is their comprehensive online trading academy. This academy provides traders with a variety of resources, including webinars, videos, articles, and e-books, all designed to help traders learn the fundamentals of trading and improve their strategies. The academy covers a range of topics, from basic concepts such as market analysis and risk management to more advanced topics like trading psychology and algorithmic trading.
ATFX also provides traders with access to a variety of market analysis tools and resources. These include daily market analysis reports, economic calendars, and real-time news feeds, all of which can help traders stay informed about the latest market trends and make more informed trading decisions.
Is ATFX a regulated broker?
Yes. It is regulated by ASIC, SFC, FCA, CYSEC, and SCA (general registration).
What is the minimum deposit requirement for ATFX?
$100 is required to start real trading.
What trading platforms does ATFX offer?
ATFX offers the popular MetaTrader 4 (MT4) trading platform for desktop, web, and mobile devices.
Does ATFX offer demo accounts?
Yes.
Is ATFX suitable for beginner traders?
Yes. ATFX offers a range of educational resources, including an online trading academy and tailored courses, to help beginner traders develop their knowledge and skills.
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 atfx and fxcl are, we first considered common fees for standard accounts. On atfx, 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.
atfx is regulated by ASIC,SFC,FCA,CYSEC,SCA. 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.
atfx provides trading platform including -- 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 --.