FXCL was established as an International Business Company in St. Vincent and the Grenadines. This means that the broker has a license from the Financial Services Authority (SVGFSA) with the registered address of Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown.
HXFX Global presents itself as a global forex brokerage holding licenses with three financial institutions. It offers its clients access to the popular MetaTrader4 platform, and a choice of three account types, however we couldn’t register a demo one for the purposes of this review. What is worse, our investigation on the regulatory status of the entities within the HXFX Global group revealed that the broker doesn’t actually hold a credible license of its own.
CMC Markets is a global CFD and forex broker, founded in 1989. It is regulated by several authorities globally, including the top-tier UK Financial Conduct Authority (FCA). The company is also listed on the London Stock Exchange.