FXCLearing is a forex broker. FXC Learing offers the MT4 and Mobile forex trading top platform. FXCLearing.com offers over 35 forex currency pairs, commodities, binary option, gold and silver for your personal investment and trading options.
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A huge scam. It's been more than a couple of months and i still havent received the money that i withdrew. NEVER INVEST WITH FXClearing
FXCL hold my pending order until 10 minutes and execute it with 52 pips slippage! crazy!
I'm a news trader. I opened BUY STOP and SELL STOP 1 minute before news release.
Yesterday, February 14th, 2018 in news release USDCAD for Core CPI m/m report, I open pending order position in FXCL ECN Plus account.
I found that in my ECN Account Plus, FXCL holds my pending order for almost 10 minutes and execute it with 52.2 pips slippage!!
in a normal situation, I should get profit trade at least 50 pips. if calculated by 1.88 lot, the profit that I will get from this trade is 500 points x 1.88 lot = 940 USD! but in reality I loss 32.72 USD!
I opened Pending Order (SELLS TOP and BUY STOP) 1 minute before news release USDCAD last night. but somehow after the news released and price going up for almost 50 pips, my BUY STOP is not opened. then after 10 minutes, FXCL hold my Pending Order, FXCL executed my PO at price with 52.2 pips slippage!
then I contacted their customer support via email at support@fxclearing.com and get this reply:
"Dear xxxxx,
Our investigation showed that within a short period of time, a large number of new clients from Malaysia who are using identical trading strategy came to our company. Their strategy is to set a great number of pending orders during the major news releases. During the news release these order block each other thus form a queue. Our liquidity provider executes such orders at a current price available at a moment a queue comes in. We recommend to take these circumstances into consideration when choosing a trading stategy.
Kind regards,
Neville Ford
Account Manager
FXCL Markets Ltd."
The funny thing is they blame traders because trade with news.
From this incident, I 100% sure that FXCL is a dealing broker. their ECN account is just another fake ECN.
Yesterday, February 14th, 2018 in news release USDCAD for Core CPI m/m report, I open pending order position in FXCL ECN Plus account.
I found that in my ECN Account Plus, FXCL holds my pending order for almost 10 minutes and execute it with 52.2 pips slippage!!
in a normal situation, I should get profit trade at least 50 pips. if calculated by 1.88 lot, the profit that I will get from this trade is 500 points x 1.88 lot = 940 USD! but in reality I loss 32.72 USD!
I opened Pending Order (SELLS TOP and BUY STOP) 1 minute before news release USDCAD last night. but somehow after the news released and price going up for almost 50 pips, my BUY STOP is not opened. then after 10 minutes, FXCL hold my Pending Order, FXCL executed my PO at price with 52.2 pips slippage!
then I contacted their customer support via email at support@fxclearing.com and get this reply:
"Dear xxxxx,
Our investigation showed that within a short period of time, a large number of new clients from Malaysia who are using identical trading strategy came to our company. Their strategy is to set a great number of pending orders during the major news releases. During the news release these order block each other thus form a queue. Our liquidity provider executes such orders at a current price available at a moment a queue comes in. We recommend to take these circumstances into consideration when choosing a trading stategy.
Kind regards,
Neville Ford
Account Manager
FXCL Markets Ltd."
The funny thing is they blame traders because trade with news.
From this incident, I 100% sure that FXCL is a dealing broker. their ECN account is just another fake ECN.
Good Broker
Signal is okay, fast deposit & wd, trade 2 years, all profit can wd with no problem, no hidden fee, recommended broker.
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