This FXClearing review examines the offshore broker’s regulatory setup, trading infrastructure, and client protections. Operating under FXClearing Ltd and registered in the Philippines, the broker targets global retail clients with flexible trading conditions, MetaTrader 4 access, and multi-asset CFDs. However, its regulatory credentials and transparency remain limited compared to Tier 1 brokers.

Regulation and Safety

FXClearing Ltd claims registration in the Philippines but is not regulated by the Bangko Sentral ng Pilipinas (BSP) or any globally recognised financial authority. As such, it operates as an offshore, unregulated entity. Key risk considerations include:

• No investor compensation fund (ICF) or FSCS-style protection
• Client fund segregation status unclear
• No third-party audit or compliance reports
• Minimal transparency on legal entity verification

Execution Model and Trading Platforms

FXClearing offers a market maker (MM) model with internalised order execution. The only platform available is:

• MetaTrader 4 (MT4) – desktop and mobile

No FIX API, VPS hosting, or algorithmic trading tools are promoted. Execution quality and latency metrics are not disclosed.

Markets and Instruments

The broker claims to offer a basic CFD suite including:

• Forex – Majors and minors (e.g., EUR/USD, GBP/JPY)
• Indices – S&P 500, NASDAQ, DAX
• Commodities – Gold, Oil, Silver
• Cryptocurrencies – Bitcoin, Ethereum (CFD format)
• Stocks – Limited US and global equities

The total instrument count is not clearly stated, and liquidity providers are undisclosed.

Accounts, Spreads and Leverage

FXClearing offers unspecified account types with the following typical conditions:

• Spreads from 1.5 pips (fixed or variable unclear)
• Leverage up to 1:500 on forex CFDs
• Minimum deposit: $100
• Stop-out level: Estimated at 50%

There is no mention of swap-free or ECN accounts, and commissions (if any) are not transparently listed.

Funding and Base Currencies

Funding options at FXClearing include:

• Bank wire transfers
• Credit/debit cards
• Crypto transfers (BTC, ETH)

Account currencies supported are USD and EUR. Processing times are unclear, and withdrawal complaints have been reported on forums.

Client Protections and Features

As an unregulated broker, FXClearing offers very limited client security:

• No formal negative balance protection
• No segregated fund guarantee
• No investor dispute mechanism
• Risk disclosures are generic and minimal

The broker provides no KYC/AML documentation publicly, and website security features are limited.

Institutional and Retail Offering

FXClearing is a retail-only broker. It does not offer:

• White-label solutions
• Prime brokerage
• FIX API or liquidity services

Educational content is limited, and customer support availability is inconsistent across time zones.

Pros and Cons

Pros

• MetaTrader 4 platform access
• High leverage up to 1:500
• Cryptocurrency funding available

Cons

• Not regulated by any major authority
• No investor protection scheme
• Unclear execution model and spread structure
• Limited transparency and legal disclosure
• No institutional tools or advanced features

Frequently Asked Questions

Is FXClearing regulated?

No, FXClearing is not regulated by any major financial authority and operates offshore with minimal oversight.

What trading platform does FXClearing use?

FXClearing supports only the MetaTrader 4 (MT4) platform for desktop and mobile trading.

What is the minimum deposit at FXClearing?

The minimum deposit is $100, though the broker does not disclose tiered account options or benefits.

Can I fund my account with crypto?

Yes, FXClearing accepts Bitcoin and Ethereum transfers for deposits, alongside traditional methods.

Is FXClearing suitable for professional traders?

No, FXClearing lacks FIX API, ECN accounts, and institutional-grade features, making it unsuitable for professional use.