Offshore forex brokerage FXCL Markets, trading as FXCL, will cease offering trading in binary option instruments , according to a notice on the broker’s website.
“Starting from March, 31st, 2017, FXCL will no longer provide any Binary Options services,” the broker said without providing an explanation to its decision.
The change is not expected to affect forex trading and trading accounts on the MetaTrader 4 (MT4), the sole platform in the broker’s offering now that it will no longer provide binary options via the Binarystation platform.
Trading in binary options is accessible to FXCL clients through any of the six trading accounts the broker offers – Beginner, Mini, Micro Cent, ECN Light, ECN Interbank, and ECN Plus.
Trading in binary options is accessible to FXCL clients with any of the five trading accounts the broker offers – Mini, Micro Cent, ECN Light, ECN Interbank, and ECN Plus. In addition to forex, binary options trading is automatically available with any of these accounts. For binary options, traders are not charged any fees or commissions.
FXCL specializes in forex trading and offers its services to clients in more than 50 countries worldwide. In addition to Binarystation, the broker also supports the industry leading forex trading platform MetaTrader 4 (MT4).
The broker holds a license by the International Financial Services Commission (IFSC) in Belize, which is known as an offshore destination for forex and binary options brokers.