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FXCL SCAM Company Details:

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The lot size is 1,000 and the minimum spread is 2.4 pips. Leverage is essentially the borrowing of capital to increase your returns of investment. In the forex industry, a forex broker can «lend» capital to a trader, allowing the trader to open a much larger position, just as if they had a much larger trading account than they actually do. It confirms that if I want to withdraw my money later and I have not yet met their volume rule, then the company would take ONLY my bonus back and I CAN take my profits and the deposit back. Now there might be some of you who might understand the rules and conditions, but I could not. And hence I contacted the company support team to clarify my doubts!! The Fxclearing.com MT4 Android Trader, trading platform for all Android devices allows traders with the official mobile trading App built by MetaQuotes. The level of customer care and support at Fxclearing.com is very good as the brokerage values each and every customer highly. Customers can contact customer support reps 24 hours a day, 5 days a week via email, telephone, and live chat.

• Even though it is mentioned about many jurisdictions that are restricted to open a trading account with Fxclearing.com.
• Fxclearing.com was founded by a team of professional traders in 2010 and is registered in Saint Vincent and the Grenadines.
• So far I have not received any amount and no one has replied to my Email.
• Our Accounting and Support Team working hard to guarantee our clients fast deposit and withdrawal speed.
• Very friendly, very professional, will always answer to what you should know.

Also leverage the full order execution and direct market access features. Fxclearing.com secures all investors’ funds in their segregated bank accounts, and also uses SSL technology to encrypt all transactions and activities in the client area. For the comparison of account types, visit the page here. There are certain fees charged for some fund withdrawal methods. You can also make fund withdrawal from your account while trading , but please make sure that you have enough free margin and margin to support your existing positions in that stole my deposit case. Fxclearing.com covers any fees from online payment providers (e-wallets) and credit/debit card companies if the deposit amount is over $300. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. If your country is not accepted, you can find an alternative using our broker comparison tool.

Best Forex Brokers

Fxclearing.com believes this agency model allows them to offer the best liquidity available with competitive spreads, without taking on significant financial risk. All trades placed in Fxclearing.com MT4 platforms are matched to a liquidity provider, allowing Fxclearing.com to operate the Brokerage business with managed market risk. Fxclearing.com continues to sophisticate online trading, back office, sales and reporting resources that Fxclearing.com clients rightly demand of them. Here is the list of available fund withdrawal methods from Fxclearing.com MT4, and the conditions. However, they are not regulated which may be a deal breaker if you are considering opening an account. You can have a look at our broker reviews if you prefer to trade with a regulated broker. Fxclearing.com is registered in St. Vincent and the Grenadines. The broker does not provide its regulatory information at the moment. Make sure you understand the difference between a regulated and non-regulated broker. I personally would not be comfortable with a broker who is not regulated at all.

We comply with the General Data Protection Regulation regulation and we would like to inform you about the rules of processing your personal data. Every time you make a deposit over $1200 you activate the 100% bonus again. Fast Platform download and kind customer supports…. But then Fxclearing.com is still operating under Fxclearing.com.org. Watch the most common forex scam videos and how to avoid them starting right now. Yes, Fxclearing.com No Deposit Bonus can be withdrawn, however, the requirements are not very attractive. In order to withdraw $5, you have to trade 1.5 lots.

Saint Vincent and the Grenadines paradise of fraudulent brokers.

There are rules to follow when withdrawing funds from Fxclearing.com MT4. Swap free accounts are available on request for Mini, Standard and VIP accounts. Swap free accounts are exclusively for Muslims who cannot accept interests by reason of their faith. I appreciate their inclusivity and how they take into account all religions. Fxclearing.com is owned by ‘Laino Group’ which is a company registered in St. Vincent and the Grenadines. Its head office is in London, UK while it has offices in other locations. I appreciate that they offered their official website in 7 languages. You can also read the documentation to learn about Wordfence’s blocking tools, or visit wordfence.com to learn more about Wordfence. Yes, Fxclearing.com ensures safety, security and reliability at all times.

With more than 30 partnered companies all over the world, Hercules.Finance offers trusted and timely information for Investors and Users of the services. For the list of all partnered companies, please visit here. For more latest information of the website, please visit hercules.finance. Enjoy all the features that Fxclearing.com MT4 trading platforms have to offer at your convenience with fast execution, low latency and no re-quotes. The account is created for beginners who wish to have a taste of live forex trading. The minimum opening balance is $10 and it is only available in USD.

Review Methodology

In order to allow us to keep developing Fxclearing.com, please whitelist the site in your ad blocker settings. Paxforex has numerous reports against them for fraudulent behaviors. However, we have not yet received confirmation from the broker regarding MT5. Can you please add MetaTrader5 support as an optional platform. The acceptance of fear and using it to your advantage will make you strong trader who is able to trade freely and enjoy the excitement in…

You are assigned a personal account manager who is available to you by phone, email, and Telegram. My account manager actually calls me to see how things are going on. The only negative is that BTC withdrawal fees are a bit high at 4.75%. I have told them this and they are working on other vendors to reduce this fee.

They clearly state that they will cover all charges for deposits from $300 and above. The exception is for bank transfers in which your bank may impose commissions. Fxclearing.com have a few tools that you may find useful but nothing that sets them apart from competitors. If you want lots of advanced trading tools to improve your trading, Markets.com have an excellent selection. GO Markets also provide Autochartist and Trading Central which are fantastic for trading signals. Let us go through Fxclearing.com terms and conditions to understand the offer. Companies can ask for reviews via automatic invitations.

The broker charges a bit worse than average spreads and allows only to traders from 2k dollar deposit to trade CFDs on shares. The company has a low minimum deposit, which is only 10 dollar. The spread charges above were taken for the mini account which starts from 100 dollars. In case you would want to open a cent account from 10 dollars, the minimum spread for the EUR/USD is 2.4 pips. Fxclearing.com is an online forex broker that has been around since 2011. The brand offers low spreads, commission free trading and the user-friendly MetaTrader 4 platform.

Don’t know why some people are complaining about them. Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Fxclearing.com clients can access customer support through a variety of options including phone, email or live chat. All of these methods are available for 24/5 and competent to respond to the inquiries from existing and future clients with the most useful and accurate information. I’ve been trading with Pax for over 3 months with no issues.

The broker has a highly competitive spreads, execution orders very quickly and without requotes, this is how you test the quality of your broker. Hi all , m name is amir from IRAQ , I’d like o say something about his company ‘ Paxforex ‘ … Really it is good company , with very active and fast support customer response , tight spread , many ways to deposit and/or withdraw , regulations certificates . In addition to the account types mentioned above, Fxclearing.com offers swap-free accounts for clients of Muslim beliefs who cannot earn or pay any interest due to Sharia law. Traders should trade with well-regulated brokers such as UK brokers or brokers in Philippines and reliable brokers such as Fxclearing.com and Eightcap.

Multilanguage Support

You would only be liable for legal costs if you do something that unfairly forces them to have legal costs. A friend assisting you with trade setups is perfectly ok. If you turned your account number and password over to a friend who then entered trades for you, you’ve probably violated their terms of service. Each Apple device will deliver a high level of trading controls, charting facilities and indicators. Available in 10 languages, the Fxclearing.com MT4 Android Trader Android platform is flexible for all users. By participating in Fxclearing.com 100% Loyalty Deposit Bonus promotion, you will receive monthly bonus for the next 12 months.
By the way, the most interesting thing about this bonus is that you can get it as many times as you wish! You just need to leave a comment every time you want that bonus. It sounds pretty cool, especially for people who are making their first steps on Forex market. It can be called as second chance but it’s really no limit chance. Reading many Forex forums, blogs and websites I realized that many people have difficulties with one of that bonus conditions – Leaving a comment at Forex internet communities.

• I personally prefer the MT4 for its user-friendly interface but it does not have the advanced functionality of MT5.
• There is a new unofficial information that Fxclearing.com , a one of the most innovative and progressive Forex brokers, is going to cooperate …
• All fund withdrawals are processed manually by Fxclearing.com’s treasury department.
• In order to be sure that Fxclearing.com is not a scam, read our trader reviews and check other popular trading related websites and forums.
• The Fxclearing.com MT4 Android Trader, trading platform for all Android devices allows traders with the official mobile trading App built by MetaQuotes.
• I actually have my own VPS that cost around $30 a month so it is nice to have the option of getting it paid for.

Fxclearing.com is a broker that comes from Saint Vincent and the Grenadines, a country with a bad reputation for trading. The owner company of this broker is Laino Group Limited. In order to start trading with Fxclearing.com, you have to deposit at least 100 USD. We have scanned fees that Fxclearing.com charges when trading popular currency pairs, here is their breakdown in pips. AVOID – they have an affiliate who is a fraud and is not allowed to manage peoples capital. They are not registered who any financial authority nor do they hold any licenses to manage money. Instead of swap, a settled commission is applicable on Islamic accounts and it bases on the asset traded and the amount of lots only, not on the interest rate.

I’ve been with paxforex for last 5-6 months and so far i’ve had no issues with trading or withdrawing money. The software provided by MetaQuotes is the most reputable and stable mobile trading software with many features that are crucial in controlling any trading activity. The Fxclearing.com iPhone Trader is a suitable application that allows clients instant access to the markets instantly and from any location. Note that the bonus cannot be withdrawn or transferred to other accounts, but can only be used for trading purpose. Fxclearing.com’s Deposit Bonus is available for all traders of the broker, and it is the most popular promotion among others offered by Fxclearing.com. Fxclearing.com cares deeply for their clients which is shown through their level of customer support. Paxforex provide the best clients support 24/7/ different Leverage as advanced. So, many of us are very interested in different free forex bonuses, which offer various of Forex brokers . I already get $7 and now i wait for other second chance. Good company, and good customer care service…..i get 7$ from pax-forex.