High Risk
Reported as a scam / unregulated
SF-708676registry entry
Why FXCL is on the register
According to its website, it claims to be registered in Botswana. As we all know, Botswana does not have the right to regulate foreign exchange. More notably, its previously claimed that the Financial Services Authority of St. Vincent and Grenadines (SVG FSA) registration has announced its discontinuation. All the signs indicate substantial risks of FXCL. Investors should be informed about the development and stay clear of it.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.