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FXcast Review
FXcast was a Mauritius based forex broker trading through Surplus Finance S.A. Independent broker directories list it as closed, and its own site no longer loads.
Min Deposit
$10
Spreads From
Not applicable, FXcast is closed (old reports mentioned around 2 pips)
Max Leverage
Not applicable, FXcast is closed (old reports ranged from 400:1 to 500:1)
Platforms
MetaTrader 4
Pros
- Used the widely known MetaTrader 4 platform for retail trading
- Offered a low stated minimum deposit for a standard account
- Provided high leverage for experienced traders who wanted it
- Supported several account currencies including USD, EUR, and GBP
Cons
- FXcast is closed today and its website fxcast.com no longer loads
- France's AMF blacklisted it in 2011 for unauthorized financial services
- Traders reported slow or blocked withdrawals before it shut down
- Its claimed Mauritius license could not be confirmed in any register
- An independent review site lists FXcast as not regulated at all
FXcast said it started around 2005 as an offshore forex broker. It traded through an entity called Surplus Finance S.A., with an address in Port Louis, Mauritius. FXcast is not active today. Independent broker directories now list its status as closed, and its old website no longer opens.
The broker ran on MetaTrader 4 and reported a minimum deposit near 10 to 100 dollars, with leverage up to 400 to 1 or 500 to 1. FXcast said it held a license from the Financial Services Commission in Mauritius. This claim could not be confirmed in the regulator's public register, and one review site lists FXcast as not regulated.
In 2011, France's AMF blacklisted Surplus Finance S.A. and fxcast.com for offering financial services without authorization. Traders also reported slow or blocked withdrawals in the years before FXcast shut down. Anyone who still sees the FXcast name in use today should treat it with real caution.
Min. Deposit
USD 10
Max Leverage
Not applicable, FXcast is closed (old reports ranged from 400:1 to 500:1)
Spreads From
Not applicable, FXcast is closed (old reports mentioned around 2 pips)
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
