FXCL Review 2026

Item: FXCL
Rating: 1.98
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: July 13, 2026

Top Brokers Overview — United States

Visit the site anyway

Min. deposit $1
Fees 8 /10
Account types 6 /10
Regulation 1.5 /10

2 /10

Very high risk

FXCL User Reviews 4.0
Commissions and Fees 8.0
Regulation and Safety 1.5
Account Types 6.0
Deposit and Withdrawal 6.4
Markets and Tradable Assets 3.8
Trading Account Opening 10.0
Customer Support 6.2

FXCL Pros & Cons

FXCL Markets Ltd is registered in Botswana.
Offers a wide range of assets, including Forex, metals, indices, and cryptocurrencies.
Leverage is up to 1:2000, and spreads start from 0 pips.
Support is available 24/5.
Offers an economic calendar, trading calculator, and various learning materials.

Lack of regulation in major financial centers.
Does not accept clients from Indonesia, Japan, the U.S., and Canada.

TU Expert Verdict

FXCL is rated as very high risk. Testing and client reviews highlight serious concerns regarding service quality, stability, and overall reliability. I recommend approaching this broker with extreme caution, as it may not be suitable for most traders.

Top-5 Brokers Traders Prefer

zForex

7.9 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.5 /10

Regulation Tier-1

EUR/USD 0.5 pips

Trading.com USA

6.8 /10

Regulation Tier-1

EUR/USD 0.9 pips

OANDA

6.8 /10

Regulation Tier-1

EUR/USD 0.1 pips

FOREX.com

6.7 /10

Regulation Tier-1

EUR/USD 0.7 pips

FXCL User Reviews

Score:

4 /10

3 total

5-star

0%
4-star

0%
3-star

33%
2-star

33%
1-star

33%

I needed a broker with low fees for small-volume trading. FXCL offers favorable conditions: a minimum deposit of just $1 for all account types and no fees for deposits or withdrawals. Additionally, they provide free VPS hosting, significantly enhancing the trading experience, especially when using automated strategies. I also appreciate that the broker is registered in Botswana, which adds confidence in the security of my funds.

I tried FXCL expecting a wide range of trading instruments and platforms, but my experience has been disappointing. While spreads start at 0 pips on ECN accounts and leverage goes up to 1:2000, the platform feels outdated. MetaTrader 4 works, but I miss more modern options. The selection of assets is fine, but the overall trading conditions and support don’t feel competitive compared to other brokers. Even with educational resources, the experience hasn’t been very satisfactory.

I’ve been trading with FXCL for several years and have gotten used to its conditions. Deposits and withdrawals are processed quickly, and the available asset selection is acceptable for my needs, mainly forex and metals. Trading conditions are generally fine, with decent spreads and good order execution speed. Client support is available 24/7, though responses can sometimes be slow. Overall, the broker works, but it’s not exceptional.

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Commissions and Fees

Score:

8 /10

The trading and non-trading commissions of FXCL have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.

Low Forex trading fees
Tight EUR/USD market spread
No deposit fee
No withdrawal fee

Inactivity fee applies

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of FXCL with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, FXCL’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

FXCL Standard spreads
	FXCL	ZForex	OANDA
EUR/USD min, pips	1.0	0.1	0.1
EUR/USD max, pips	1.6	0.4	0.5
GPB/USD min, pips	2.0	0.2	0.1
GPB/USD max, pips	3.0	0.6	0.5

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

FXCL RAW/ECN spreads
	FXCL	ZForex	OANDA
Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency).	1.5	7	3.5
EUR/USD avg spread	0.1	0.1	0.15
GBP/USD avg spread	0.4	0.15	0.2

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with FXCL. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

FXCL Non-Trading Fees
	FXCL	OANDA
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0	0-15
Inactivity fee ($, per month)	25	0

Is FXCL Safe?

Score:

1.5 /10

FXCL has a safety score of 1.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Negative balance protection

Not tier-1 regulated

FXCL Security Factors
Foundation date	-
Negative balance protection	Yes
Verification (KYC)	Yes

FXCL is Not a Regulated Broker

Attention! It's your choice to work with regulated or unregulated brokers, but please consider the risks carefully. Unregulated brokers might offer lower fees and flexible trading options, but they lack investor protection, have a higher fraud risk, and no guarantee of withdrawals. Thoroughly research before deciding.

Account Types

Score:

6 /10

FXCL offers the following account options: Standard, ECN/Raw spread, Cent.

FXCL covers the core account types, making it convenient for traders with different preferences and strategies.

Tight spread ECN account
Cent account for beginners
Standard account with balanced trading conditions

No Demo account
No VIP account option

FXCL account types vs top competitors
	FXCL	ZForex	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	Yes	No
Demo	No	Yes	Yes
Cent	Yes	No	No
Micro	No	No	No
Swap Free	No	Yes	Yes
VIP	No	No	No
Managed	No	No	No

FXCL accounts trading conditions

Each FXCL account type is designed for trading specific classes of assets. Clients can maintain multiple account types simultaneously.

Account types:

Account Type	Description
Standard Account	Fixed spreads start at 2 pips. The minimum deposit is $1, making it suitable for beginner traders.
Cent Account	Spreads start from 1.1 pips, with a minimum deposit of $1. Ideal for traders with smaller capital.
ECN Pro Account	Ultra-low spreads starting from 0.1 pips, with a commission of $3 per lot. The minimum deposit is $1.
Interbank Cent Account	Spreads from 2.1 pips, with a minimum deposit of $1.
Interbank Standard Account	Spreads from 1.1 pips, with a minimum deposit of $1.

Deposit and Withdrawal

Score:

6.4 /10

FXCL received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

FXCL provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

Bank card deposits and withdrawals
Low minimum withdrawal requirement
Bitcoin (BTC) accepted
USDT (Tether) supported

Wise not supported
Limited deposit and withdrawal flexibility, leading to higher costs
PayPal not supported

What are FXCL deposit and withdrawal options?

FXCL provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, BTC, USDT, Ethereum.

FXCL Deposit and Withdrawal Methods vs Competitors
	FXCL	ZForex	Plus500
Bank Wire	Yes	No	Yes
Bank card	Yes	Yes	Yes
PayPal	No	No	Yes
Wise	No	No	No
BTC	Yes	Yes	No

What are FXCL base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. FXCL supports the following base account currencies: USD, EUR, JPY, NGN, ZAR.

What are FXCL's minimum deposit and withdrawal amounts?

The minimum deposit on FXCL is $1, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FXCL’s support team.

Markets and Tradable Assets

Score:

3.8 /10

FXCL offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 50 Forex pairs.

Crypto trading
Indices trading
50 supported currency pairs

Bonds not available
Futures not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by FXCL with its competitors, making it easier for you to find the perfect fit.

	FXCL	ZForex	Plus500
Currency pairs	50	50	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.		80	2800
Stocks	No	Yes	Yes
Commodity futures	No	Yes	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	Yes	Yes	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

Investment options

We also explored the trading assets and products FXCL offers for beginner traders and investors who prefer not to engage in active trading.

	FXCL	ZForex	Plus500
Bonds	No	No	No
ETFs	No	No	Yes
Copy trading	Yes	Yes	No
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

10 /10

We successfully registered an account with FXCL in 8 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at FXCL is $1.

This is one of the most accessible and hassle-free onboarding procedures on the market.

Quick KYC verification (1 business day or less)
Low minimum deposit requirement
Fast registration time (up to 15 minutes)

Account setup process may feel less convenient for beginners

FXCL account opening
	FXCL	ZForex	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$1	$10	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	8	8	5
KYC time (days)	1	1	3

Is FXCL available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

Accessing the FXCL website requires a username and password, which necessitates an active user account. Creating an account is a straightforward process:

Select the account type that best aligns with your investment goals and strategies and click the button to open it.
Fill out your personal information in the account opening form. Also, set a password for your first login. Passwords must be changed every three months.
The final step is uploading documents to verify your identity and address of residence (required by FXCL Markets Ltd).

Customer Support

Score:

6.2 /10

Customer support at FXCL is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.

During testing, response times were moderate, and communication depended on the complexity of the request. FXCL provides basic support functionality but does not stand out in overall service performance.

Information

FXCL assists its clients and answers their inquiries 24/5. Support is unavailable on national holidays that fall on business days.

Support is available in several languages, including English, Spanish, and French
The company provides a call center

Online support is available on a limited basis
Company office can be visited by appointment only

Clients can contact FXCL managers for assistance through the following channels:

Hotline
Email
Feedback form
Office visits

FXCL provides support not only to its clients but also to potential investors..

Contacts
Registration address	Plot 54368 Western Commercial Road, The Hub, Itowers, CBD, Gaborone, Botswana
Official site	fxclearing.com
Contacts	support@fxclearing.com +44 203 150 1111

Best FXCL Alternatives

zForex

7.9 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.5 /10

Regulation Tier-1

EUR/USD 0.5 pips

Trading.com USA

6.8 /10

Regulation Tier-1

EUR/USD 0.9 pips

OANDA

6.8 /10

Regulation Tier-1

EUR/USD 0.1 pips

FOREX.com

6.7 /10

Regulation Tier-1

EUR/USD 0.7 pips

FAQs

How does FXCL’s lack of regulation affect its safety level for traders?

FXCL is described as an unregulated broker with a safety score of 1.5/10, which corresponds to a low security level in the review. The section notes that unregulated brokers may offer lower fees and flexible trading options but also highlights increased risks such as limited investor protection, higher fraud risk, and no guaranteed withdrawals, advising careful consideration of these factors.

What do reviews say about FXCL commissions, spreads, and other trading fees?

According to the review, FXCL’s overall fee level is rated as low, with a commissions and fees score of 8/10. Standard account EUR/USD spreads typically range from 1.0 to 1.6 pips, ECN/RAW accounts have an average EUR/USD spread of 0.1 pips with a $1.5 per lot commission, and there are no deposit or withdrawal fees, although a $25 per month inactivity fee applies.

What account types are available at FXCL and how do reviews describe their main features?

The review states that FXCL offers Standard, Cent, and ECN/Raw spread accounts, all with a minimum deposit of $1. The Standard account has fixed spreads from 2 pips, the Cent account has spreads from 1.1 pips, and the ECN Pro account offers ultra-low spreads from 0.1 pips with a $3 per lot commission, while the absence of demo, VIP, swap-free, and managed accounts is listed as a drawback.

What do reviews say about FXCL deposit and withdrawal methods and conditions?

The review notes that FXCL provides a basic range of funding methods, including bank cards, bank wire, BTC, USDT, and Ethereum, and rates its deposit and withdrawal processes with a medium score of 6.4/10. It highlights no deposit or withdrawal fees and low minimums of $1 for both deposit and withdrawal, but also mentions limited flexibility in payment options, the lack of PayPal, and that BTC is not available as a base account currency.

How do reviews describe the FXCL trading account opening process and verification?

Based on available user reviews in the section, FXCL’s account opening is described as accessible, with online registration taking about 8 minutes and KYC verification typically completed within 1 business day. The minimum deposit is $1, and while the process is characterized as straightforward, the review notes that some beginners may find the setup less convenient.