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Do you want to know which is the better broker between au Kabucom Securities and FXCL ?
In the table below, you can compare the features of au Kabucom 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 kabu, 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:
Registered Country/Area | Japan |
Founded Year | 1999 |
Company Name | au Kabucom Securities |
Regulation | FSA |
Minimum Deposit | N/A |
Maximum Leverage | N/A |
Spreads | From 0.2 pips |
Trading Platforms | au Kabucom FX Navi (for forex trading), au Kabucom FX for iPhone/Android (mobile app) |
Tradable Assets | Cash stock, Margin trading, petit stock, US stocks, Mutual fund, NISA, FX, CFDs, and futures |
Account Types | Not mentioned |
Customer Support | Email and Phone |
Payment Methods | Net transfer, Account transfer, Direct debit (automatic debit), Direct debit (real-time fund transfer), Direct debit (automatic debit from other financial institutions) |
Educational Tools | Informative movies, events, face-to-face seminars, Investment Information Office, investment guides and courses, reports, and social networking services (SNS) |
au Kabucom Securities is an online brokerage company and is the core company of Mitsubishi UFJ Financial Group (MUFG Group)s online financial services. It is a Japan-based company mainly engaged in financial product trading business through the net, as well as related business. The Company is engaged in the provision of brokerage, trading, offering and sale of securities. It also provides bank agency business, foreign exchange margin trading business and other financial services.
Founded in 1999, it operates under the regulation of the Financial Services Agency (FSA). The company offers a diverse range of tradable assets, including stocks, margin transactions, IPO/PO, ETF/ETN/REIT, free ETF, petit shares, tender offer, investment trust, FX (Forex Margin Trading), futures/options trading, bonds (foreign bonds), foreign currency-denominated MMF, and CFD (Share 365). The trading platforms provided by au Kabucom Securities are au Kabucom FX Navi for forex trading and au Kabucom FX for iPhone/Android as a mobile app. The company supports customer inquiries through email and phone. Various payment methods, such as net transfer, account transfer, direct debit (automatic debit), direct debit (real-time fund transfer), and direct debit (automatic debit from other financial institutions) are available. For educational purposes, au Kabucom Securities offers informative movies, events, face-to-face seminars, an Investment Information Office, investment guides and courses, reports, and social networking services (SNS).
au Kabucom Securities is a financial institution that operates as a securities broker in Japan. It is authorized and regulated by the Financial Services Agency (FSA), which is the regulatory body responsible for overseeing the financial industry in Japan. The regulatory license number assigned to au Kabucom Securities is 関東財務局長(金商)第61号, which signifies its registration and compliance with the FSA's regulations.Being authorized and regulated by the FSA indicates that au Kabucom Securities has met the necessary requirements and standards set by the regulatory authority.
The FSA's oversight ensures that the company operates in a fair, transparent, and compliant manner, protecting the interests of investors and maintaining the integrity of the financial markets.As a regulated entity, au Kabucom Securities is expected to adhere to various regulatory guidelines, such as conducting thorough customer due diligence, implementing robust risk management systems, maintaining adequate financial resources, and providing transparent disclosure of information to its clients. Regular audits and inspections may be conducted by the FSA to ensure compliance with these regulations and to safeguard the interests of investors.
au Kabucom Securities offers a wide range of tradable assets and is backed by the reputable Mitsubishi UFJ Financial Group. It is regulated by the Financial Services Agency, providing a sense of security for investors. The company provides informative educational resources to enhance investors' understanding of the market.
However, there are areas for improvement. Information about account types is lacking, making it difficult for potential clients to choose the most suitable option. The selection of trading platforms is limited, which may not meet the preferences of all traders. Customer support options are somewhat limited, with email and phone support available, but lacking additional channels like live chat or dedicated account managers.
Pros | Cons |
Wide range of tradable assets | Lack of information on account types |
Established company with a reputable parent company | Limited trading platforms |
Regulated by FSA | Limited customer support options |
Informative educational resources |
au Kabucom Securities offers a wide range of products to cater to different investment needs and preferences. Here are the various products available:
1. Stocks: au Kabucom Securities provides opportunities to invest in stocks, including in-kind stocks where you can directly own shares of companies.
2. Margin Transaction (System/General): Margin trading allows investors to trade stocks with borrowed funds, potentially amplifying their investment returns. au Kabucom Securities offers margin trading services through both system-based and general methods.
3. Initial Public Offering (IPO)/Public Offering Sale (PO): au Kabucom Securities enables participation in initial public offerings and public offering sales, giving investors a chance to invest in newly listed companies.
4. ETF/ETN/REIT: au Kabucom Securities offers exchange-traded funds (ETFs), exchange-traded notes (ETNs), and real estate investment trusts (REITs) for diversifying investment portfolios across different asset classes.
5. Free ETF (Commission-Free Exchange Traded Fund): au Kabucom Securities provides commission-free trading for certain listed ETFs, allowing investors to save on transaction costs.
6. Petit Shares (Shares Less Than One Unit): au Kabucom Securities facilitates trading of fractional shares, enabling investors to own a portion of a share rather than purchasing a full unit.
7. Tender Offer (TOB): au Kabucom Securities allows investors to participate in tender offers, which are offers made by a company to purchase shares from existing shareholders.
8. Investment Trust: au Kabucom Securities offers investment trust products, which are professionally managed funds that pool money from multiple investors to invest in a diversified portfolio of assets.
9. FX (Forex Margin Trading): Investors can engage in forex margin trading through au Kabucom Securities, speculating on the price movements of different currency pairs.
10. Futures/Options Trading: au Kabucom Securities provides access to futures and options trading, allowing investors to trade contracts based on underlying assets such as commodities, indices, or currencies.
11. Bonds (Foreign Bonds): au Kabucom Securities offers the opportunity to invest in foreign bonds, providing diversification and potential fixed-income returns.
12. Foreign Currency Denominated MMF: au Kabucom Securities facilitates investments in foreign currency-denominated money market funds, which provide short-term liquidity and potential currency exposure.
13. CFD (Share 365): au Kabucom Securities offers contracts for difference (CFDs) specifically for shares, allowing investors to speculate on the price movements of shares without owning the underlying asset.
au Kabucom Securities did not say what kind of accounts were offered. Other traders, such as AMarkets, are much better, which offer a total of 4 account types, including crypto, fixed, standard, and ECN, with an Islamic account option for traders who adhere to Islamic rules on trading, catering to diverse needs of various traders.
To open an account with au Kabucom Securities, you can follow these general steps:
1. Visit the au Kabucom Securities website: Go to https://kabu.com/.
2. Navigate to the account opening section: Look for the “Account Opening” option on the website. It is typically located in the main menu or prominently displayed on the homepage.
3. Choose the type of account: Select the appropriate account type for your requirements.
4. Start the application process: You may be directed to an online application form or prompted to download and fill out a physical application form. Provide the necessary details accurately and completely. This typically includes personal information, contact details, employment information, and financial information. Follow the instructions provided and ensure all required fields are filled in.
5. Agree to terms and conditions: Read and understand the terms and conditions of opening an account with au Kabucom Securities. If you agree to the terms, confirm your acceptance by checking the appropriate box or signing the physical application form.
6. Review and submit: Before submitting your application, review all the provided information to ensure its accuracy. Make any necessary corrections or adjustments. Once you are satisfied, submit the application form through the online submission process or by mailing it to the designated address.
7. Account verification and approval: After submitting your application, au Kabucom Securities will review your information and documents. Once your application is approved, you will receive confirmation and instructions on how to fund your account.
au Kabucom Securities offers commission-free forex trading, where the trading cost is incorporated into the spreads. Here are the approximate spreads for some currency pairs:
- USD/JPY: As low as 0.2 pips
- EUR/JPY: From 0.5 pips
- GBP/JPY: From 1 pip
- AUD/JPY: From 0.6 pips
- CAD/JPY: From 2.8 pips
It's important to note that spreads may vary depending on market conditions, liquidity, and other factors. The figures provided are approximate and subject to change. It's always a good idea to check the current spreads on the au Kabucom Securities website or contact their customer support for the most accurate and up-to-date information.
au Kabucom Securities provides a range of useful tools for different types of trading activities. For cash stock and margin trading, the following tools are available:
1. Futures/Options Board: A tool that displays information and data related to futures and options trading, allowing users to analyze market trends and make informed trading decisions.
2. Flash: This tool provides real-time market data, including stock prices, charts, and news updates, enabling traders to stay up to date with the latest market movements.
3. Margin Simulator: A simulator that allows users to calculate and simulate margin requirements for margin trading, helping traders plan their positions and manage risk.
4. Destination OP Navigation: A navigation tool specifically designed for options trading, providing users with access to various options strategies and information to support their trading decisions.
5. Bond Simulator: This simulator enables users to simulate bond trading scenarios, helping them understand bond market dynamics and test different investment strategies.
6. 365CFD Simple Chart: A simplified charting tool specifically for CFD (Contract for Difference) trading, providing basic charting features to analyze CFD instruments and monitor price movements.
For futures, options trading, and other activities, au Kabucom Securities offers additional tools such as:
1. au Kabucom FX Navi: A comprehensive tool for forex trading, providing access to real-time forex market data, charting tools, and trading functions.
2. au Kabucom FX for iPhone/Android: A mobile application specifically designed for forex trading, offering convenience and flexibility to trade on the go using smartphones.
3. App-Recommended-Smartphone Light (simplified version): A simplified version of the au Kabucom Securities trading application, designed for users who prefer a streamlined and user-friendly trading experience.
Au Kabucom Securities provides customers with five convenient methods for depositing funds into their accounts. These methods include Net transfer, Account transfer, Direct debit (automatic debit), Direct debit (real-time fund transfer), and Direct debit (automatic debit from other financial institutions). These options offer flexibility and ease of use for customers to deposit funds according to their preferences and convenience.
When it comes to withdrawals, customers can withdraw amounts starting from 1,000 yen or more in 1 yen increments, with a maximum withdrawal limit of up to 10 billion yen. However, if customers have set up an account transfer contract with au Jibun Bank, they can withdraw amounts starting from 1 yen or more in 1 yen increments, with a maximum withdrawal limit of up to 100 million yen.
These deposit and withdrawal options provide customers with flexibility and accessibility to manage their funds effectively within the specified limits. Whether it's depositing funds for trading or withdrawing profits, Au Kabucom Securities strives to offer convenient and efficient services to meet the financial needs of their customers.
Inquire by email:
au Kabucom Securities offers several customer support options. For customers who do not have an account, they can make inquiries by email. The company aims to respond as quickly as possible and requests customers to send their inquiries to the following email address: cs@kabu.com.
Customers who have an account:
For customers who have already opened an account with au Kabucom Securities, they can use the “E-mail inquiry” form located on the “Support” page, accessible from the top right of the My Page section after logging in. By filling out the form and submitting it, they can send their inquiries to the company.
Inquire by phone:
Customers who do not have an account can make inquiries by phone. They need to follow the voice guidance and press the appropriate number. The phone numbers to dial are:
- Mobile/IP phone starting with 0120-390-390
- Mobile/IP phone starting with 05003-6688-8888
The operator reception is available from 8:00 to 16:00 on weekdays, excluding year-end and New Year holidays.
Au Kabucom Securities offers a range of educational resources to support and empower their customers in making informed investment decisions. These resources are designed to enhance customers' understanding of the market, investment strategies, and industry trends.
One of the educational resources provided is a collection of informative movies, events, and face-to-face seminars. Au Kabucom Securities also provides investment information and news through their Investment Information Office. By keeping customers informed about market trends, they can make more informed decisions about their investment portfolios.
To further support customers, Au Kabucom Securities offers guides and investment courses. These resources are designed to provide step-by-step instructions, explanations of investment concepts, and practical guidance for customers who are new to investing or looking to expand their investment knowledge.
Additionally, customers can access reports and utilize social networking services (SNS) provided by Au Kabucom Securities.
Overall, Au Kabucom Securities' educational resources encompass a wide range of tools and platforms, including movies, events, seminars, an Investment Information Office, investment guides and courses, reports, and SNS. These resources aim to equip customers with the knowledge and information needed to make informed investment decisions and navigate the financial markets effectively.
In conclusion, au Kabucom Securities is a legitimate online brokerage company operating under the regulation of the Financial Services Agency (FSA) in Japan. As part of the Mitsubishi UFJ Financial Group (MUFG Group), it offers a wide range of tradable assets and financial services. The company provides various trading products, including stocks, margin trading, IPO/PO participation, ETFs/ETNs/REITs, investment trusts, forex margin trading, futures/options trading, bonds, foreign currency-denominated MMFs, and CFDs. The trading platforms, au Kabucom FX Navi and au Kabucom FX for iPhone/Android, cater to different trading needs. The company supports customer inquiries through email and phone, and multiple payment methods are available. Educational resources such as informative movies, events, seminars, investment guides and courses, reports, and SNS are offered to enhance customers' investment knowledge. While the company's advantages include its regulation by the FSA, diverse product offerings, and educational resources, a notable disadvantage is the lack of information regarding specific account types. Overall, au Kabucom Securities provides a legitimate and comprehensive platform for individuals interested in online financial trading and investment.
Q: Is au Kabucom Securities a legitimate company?
A: au Kabucom Securities is a genuine online brokerage company operating under the regulation of the Financial Services Agency (FSA) in Japan.
Q: What trading platforms does au Kabucom Securities offer?
A: au Kabucom Securities provides the au Kabucom FX Navi platform for forex trading and the au Kabucom FX for iPhone/Android as a mobile app for trading convenience.
Q: What types of assets can be traded on au Kabucom Securities?
A: au Kabucom Securities offers a diverse range of tradable assets, including cash stock, margin trading, petit stock, US stocks, mutual funds, NISA, forex (FX), CFDs, and futures.
Q: What are the customer support options provided by au Kabucom Securities?
A: au Kabucom Securities offers customer support via email and phone. Customers can send inquiries by email to cs@kabu.com or make inquiries by phone using the provided phone numbers.
Q: What are the available payment methods for au Kabucom Securities?
A: au Kabucom Securities offers payment methods including net transfer, account transfer, direct debit (automatic debit), direct debit (real-time fund transfer), and direct debit (automatic debit from other financial institutions).
Q: Are there different account types offered by au Kabucom Securities?
A: The specific account types offered by au Kabucom Securities are not mentioned.
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 kabu and fxcl are, we first considered common fees for standard accounts. On kabu, 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.
kabu is regulated by FSA. 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.
kabu 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 --.