When you are searching for a forex broker, discovering one that is a good match for your trading style and preferences will go a long way towards a great trading experience. FXCL Markets, which started in 2006, has developed a following of traders, especially given its friendly and adaptable account offerings, low spreads, and high levels of available leverage. This article enlightens you on the details of why FXCL quite often finds its way amongst the top options when compared to competitors of similar brokers.
Diverse Account Types Cater to All Traders
One of the main advantages presented by FXCL is the variety of account types, set up to serve traders of varying strategies and capital bases. Beginners will perhaps appreciate the Cent account as it provides the opportunity to trade at minimum risk. Experienced traders, in turn, tend to utilize the ECN account owing to tighter spreads of as low as 0 pips, supporting the more calculated style of trading in foreign currencies.
In addition, FXCL’s Standard account suits traders who want a balanced set of trading conditions devoid of excessive sophistication. Being able to switch accounts as your trading experience matures considerably enhances your response to changes in the market and the effective management of your risk levels.
High Leverage, Low Barriers to Entry
FXCL is renowned amongst traders due to its high leverage, up to the rate of 1:2000, which positions it best when considering the best forex brokers in South Africa and other areas that value high-leverage conditions. This type of leverage can highly magnify your trading potential, allowing you to place trades using smaller capital while maximizing potential returns.
Unlike other brokers, the online broker FX Clearing simplifies market entry by offering a minimal deposit requirement of just $1, significantly lowering the barrier for new traders. This extremely low market entry barrier allows new traders to test in real market conditions at minimal financial risk, something not typically found in the market.
Streamlined Deposit and Withdrawal Options
FXCL is exceptional due to its effectiveness in processing financial transactions. Deposits through payment options such as PerfectMoney, FasaPay, credit/debit cards, and bank transfers are instantly available, enabling traders to utilize funds in time for timely market entries. Being able to deposit funds instantly and effortlessly benefits traders by keeping them a step ahead of unstable markets.
Withdrawal speed is another important aspect that contributes to trader satisfaction. FXCL processes withdrawals in one business day, allowing traders rapid access to their profits. Such reliability is a major trust builder and helps traders manage their cash flow effectively, a feature that stands out, obviously, in the case of FXCL.
User-Friendly MetaTrader 4 Platform
FXCL only uses MetaTrader 4 (MT4), a highly acclaimed platform in terms of reliability and user-friendliness. MT4 provides traders with proficient technical analysis tools, real-time market quotes, and automated trading using expert advisors. These facilities greatly increase traders’ ability to carry out advanced trading strategies in a seamless manner.
In addition, FXCL also supports MT4 compatibility on different systems, including mobile phones and computers. Such flexibility allows traders to constantly keep watch on the market, acting rapidly in response to changes in the market regardless of where they are located. FXCL, therefore, provides traders with both robust tools and the flexibility to trade effectively.
Comprehensive Trading Instruments Offered
FXCL doesn’t restrict traders to the use of only forex, as it is aware that diversified trading is essential. Details of available instruments follow:
| Instrument Type | Example Markets | Typical Usage |
| Forex | EUR/USD, GBP/JPY | Short-term trading |
| Metals | Gold, Silver | Hedging, long-term investment |
| Indices | US30, NASDAQ | Portfolio diversification |
| Cryptocurrencies | BTC/USD, ETH/USD | Volatility trading |
Each of these asset types presents special trading opportunities that serve to diversify a trader’s portfolio. FXCL acknowledges that having such far-reaching instrument coverage is a necessary step in assisting traders in adjusting their strategies in line with prevailing market conditions and expectations of future trends.
Around-the-Clock Superior Customer Support
Customer support can also have a great bearing on your trading journey, especially at crucial market points of time. FXCL offers effective and timely customer support 24/5, which resolves potential problems efficiently and instantaneously, thereby keeping traders at ease whenever the need arises, lowering the levels of stress during market time considerably.
FXCL’s active customer support also includes the provision of educational content, including economic calendars and the use of trading calculators, in order to further facilitate traders’ market awareness levels. Such initiatives place FXCL in a favorable position as a viable option amongst traders who seek access to authoritative advice.
Rewarding Partnership Program
FXCL’s affiliate program provides affiliates with favorable incentives to onboard new customers. The rewarding commission structure, which rewards partners bountifully, can substantially increase earnings by those engaged in active affiliate marketing in the forex trading community.
This partnership program is especially beneficial since it is simple and transparent, and it’s easy for affiliates to understand the potential earnings and strategize their campaigns. Traders and marketers both have commented that FXCL’s partnership program is one of the more profitable in the forex brokerage sector.
Regular Promotions and Bonus
FXCL supports traders’ interests and activity by running different types of recurring promotions and bonuses. Such incentives tend to increase traders’ starting capital or save them money in trading, offering a concrete reward attractive to both new and experienced traders.
The promotional schemes offered by FXCL usually include deposit bonuses and cash-back schemes. These schemes create an incentive for traders to keep actively involved in trading and tap the maximum potential of the platform at a minimal upfront cost.
Automated Trading and Expert Advisors
FXCL facilitates automated trading through MT4’s Expert Advisors (EAs), enabling traders to automate strategies, minimizing manual effort and errors by traders. Automatic systems play a crucial role in carrying out trades in a more systematic manner, maintaining discipline and precision in the execution of trades.
These are the main benefits traders find useful when they use automated trading:
- Time Efficiency – EAs operate around the clock, allowing traders to profit from market opportunities even when they are not available.
- Emotion-Free Trading – Taking emotion out of decision-making facilitates a consistent approach towards trading strategies.
- Backtesting Capability – Traders are able to test back their strategies using historical data, which optimizes strategies prior to risking real capital.
- Diversification – Traders can use several EAs on different asset classes at a time, which can decrease total portfolio risk.
Such automated functionality benefits FXCL’s traders by giving them a considerable advantage, enhancing their general trading efficacy and achievement rate.
Investment Opportunities Beyond Forex
Finally, FXCL provides more than the mere trading of forex. It also encompasses extensive investment opportunities in metals, indexes, and cryptocurrencies. Such a wide variety of investment opportunities is greatly useful for traders looking to achieve portfolio diversification and risk management through asset class exposure.
In addition, this wide range of offerings allows traders to switch their investment options according to general market trends. Hedging against volatility in the foreign exchange market using gold or seeking profit from cryptocurrency market fluctuations, FXCL’s wide-ranging investment options keep traders nimble in their financial options.
