ANSWER FXCL (FXCL Markets Ltd) was established in 2006 for clients to trade on the forex market and FXCL is incorporated in Saint Vincent & The Grenadines and registered by the Financial Services Authority (SVG FSA) under the Number 1637 CTD 2018. We indeed found a match result to this broker in SVG FSA.However, the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate or license international companies engaging in such activities. Therefore, we highly recommend exercising caution when dealing with brokers claiming to be registered in or regulated by SVG FSA as they are actually unregulated.If you are looking for brokers to deal with, we would recommend brokers regulated by top-tier regulators like FCA, CySEC, ASIC, etc.
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