1. Is FXCC safe or a scam?
  2. Trading Platform
  3. Accounts
  4. Spread
  5. Leverage
  6. Deposits and Withdrawals conditions with a minimum deposit and withdrawal fee
  7. Conclusion

What is FXCC?

FXCC or FX Central Clearing is a Cyprus established brokerage firm that assists forex exchange market professionals to trade currencies, cryptocurrencies, indices and metals through advanced technology. The company based on the ECN/ STP trading solution while all orders are routed and matched in the electronic configured network through the liquidity pools of institutional providers and market quotes.

What is great, FXCC used technology provides efficient and transparent pricing with most possible low spreads. In addition, there is a range of ECN trading accounts that are designed to suit own needs and requirements.

FXCC Review

Overall, FXCC Forex broker has been recognized by numerous traders around the world as well by a significant number of awards they receive. In order to support their clients, the broker also delivers dedicated support by the professional team of customer service agents and traders professionals.

Education

Traders of any level and expertise can learn even more deep through the provided range of educational resources and analysis in two distinct forms of technical and fundamental analysis. The daily technical analysis available directly on the website with updated information and successful retest of the next sufficient momentum.

FXCC awards

Is FXCC safe or a scam?

The solid regulatory framework and full compliance with financial and international laws performed by the authorization and regulation from the Cyprus Securities and Exchange Commission (CySEC). Due to the fact that the company authorized by an EU Member State, the broker also automatically operates under EU Markets in Financial Instrument Directive (MiFID) along with cross-border registrations in its states, which allows the provision of services within the EEA.

FXCC regulation

Also, additional entity FXCC serves is located in Vanuatu. Being an offshore zone Vanuatu does not define strict obligations to its financial registered firms, which may be a risky investment in case firm is only based there. However, since FXCC additionally authorized by the European regulator it is considered to be safe trading with them.

Investor Compensation Fund

The protection of the clients’ investments provided in multiple ways according to the regulatory requirements and setter rules, which apart from the segregation of the clients’ funds at all times, management and control of each type risk complies to a number of rules. Also, FXCC is a member of the Investor Compensation Fund, which secures the claims of covered clients against a company in case of its insolvency.

Trading Platforms

FXCC Forex trading platforms, as most from the ECN brokers based on a highly regarded MetaTrader4. The platform available for all operating systems and fully compatible with EAs, hedging and equipped with advanced technical indicators, analytical objects and charting tools.

Furthermore, the platform software developed to suit downloadable version to be installed on a PC, a mobile application to follow trades on the go, Multi-Terminal for simultaneous management of multiple accounts and is a MAM Broker.

Moreover, an extensive range of tools offering various instruments that are helping on a daily trading process, including interest rates presenting a comprehensive list of the key base rates relating to all global central banks. By the full range of capabilities and levels of complexity together with the sophistication of trading, you will definitely find and suit necessary trading style through utilizing the full range of features and available benefits delivered by FXCC.

FXCC platform

Moreover, FXCC offers the ability to trade with free VPS (Virtual private Server) which brings stability under any conditions, speed and performance. Own dedicated server can be accessed with multiple platforms and accounts, which runs automated programs or applications and ensures smooth trading continuously.

Overall, every FXCC client can apply for free trading tools through the Traders Hub environment that also offers a variety of complementary features to choose from and is a great advantage for all.

Accounts

So whether you will be choosing between FXCC account offerings, you’ll see three ECN accounts divided by the level of trading size, experience and particular demands. Some of the accounts featuring extra benefits of zero swaps, commissions or mark-ups, or maybe fully tailored solutions for active traders or those who operate bigger size.

So trading with FXCC ECN account you will automatically access multiple currencies EUR, USD, GBP featured with tight spreads from 0.01 pips and availability to trade 30 currencies with a range of free tools alike VPS, SMS Notifications, EAs, Technical Analysis and Trading Tools.

FXCC accounts

Fees

As for the trading costs themselves, the broker does not charge a commission per trade while all costs are presented by the spread from 0.1 pips. You may refer to the current comparison of spread for the most traded instruments, as well compare FXCC spread to another popular broker Fondex.FXCC spread

FXCC rollover

Also, always consider FXCC rollover or overnight fee as a cost, which is charged on the positions held longer than a day defined by each instrument separately. However, trading with ECN XL Account broker promises no swap charges, making you an easy calculation and great benefit too.

Leverage

As the majority of Forex brokers, FXCC also offers to use leverage, a powerful tool to increase the potential of gains through its possibility to multiple initial accounts balance. However, leverage should be used smartly as it increases the power of looses as well.

Leverage levels depending on the instrument you trade and defined by the regulatory restrictions together with your personal level of proficiency. Thus, European retail clients and those who trade with Cyprus FXCC entity eligible to use the leverage of 1:30 for major currencies, 1:20 for minor ones and 1:10 for commodities due to ESMA restrictions.

Yet, trading with global FXCC branch you may access to higher leverage ratios that go to a maximum of 1:300.

Deposits and Withdrawals

The deposit and withdrawal options include multiple offerings from various providers that are covering the needs of almost every client and are truly globally covered. The methods including Card payments, Bank Wire Transfers, Neteller, Skrill, Neosurf, SOfort, Rapid, paysafecard, Neosurf, Yandex, Boleta, UnionPay and much more.

Withdrawal fees

In addition, on the majority of payment the broker covers processing fees for both deposits or withdrawals, yet, check with particular payment provider in case of any other additional fees relevance or its possibility.

FXCC deposits

Minimum deposit

The minimum deposits consider the account type you choose starting from 100$, and according to the method may also vary from 50 to 100$.

Conclusion

FXCC review is about a company that gives an opportunity to engage into trading with the STP/ ECN model and quotes provided directly by the liquidity providers. The broker designed various accounts with comprehensive features and different minimum deposit requirements that allows traders of different level start trading in FXCC conveniently.

And one of the most important, the FXCC regulated environment of operation ensures the safety and sufficient level of trading environment, along with provided customer support and conduct of authorized operations. Overall, the broker is a good choice in terms of balanced conditions, their proposed software and management.

Yet, it would be great to know your personal opinion about FXCC, you may share your experience in the comment area below, or ask us for some additional information if required.

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9 responses to “FXCC”

  1. u know, i’m not that passionate abt writing reviews, but this one is worth it! i managed to deposit via NORMAL BANK WIRE, no damn crypto deposits and withdrawls that other brokers suggest for CAD traders. fees are good. no, they’r GOOD. nice spreads, no hidden commissions. executions are fast enough to ensure u can trade freely and backtest w/out allowing. wanna share the find with fellow traders. that’s a decent choice for sure. no sweat.

      • used to be 1:300, but it’s recently increased. personally i use no more than 1:100, so din’t pay much attention to it. i guess its around 1:500 now. that’s forex. commodities might have less than that. have a look at official website if interested in precise #s.

  2. The company has increased the leverage to 1:500 recently, and this is a happy day for me. Not only forex pairs but oils and gold can be traded with a small account size now!
    I’ve always been a loyal customer of FXCC, but the recent changes made it even better, so I highly recommend to pay attention to this company, It won’t suit stock traders, but the rest of the colleagues may find it very fascinating to work with.

    • I recommend going to the broker’s official website. Further, you can find all the information you are interested in the section “Education & Research.”

  3. I recentlt became interested in Forex trading. I believe this is a rapidly growing area and will become very popular in the future.
    I have tried some brokers, but most of all I liked FXCC. There are no extra commissions or hidden charges here. Also, the broker has the lowest spreads.
    I have traded all the time on my computer, but now it is being repaired. Tell me, do you have a mobile version of the application? I’ve got iPhone 10 XR. Will I be able to trade on it?

  4. I’ve been trading Forex for 5 years now. It is a lot or a little – decide for yourself. I already understand enough in trading and understand brokers. Several times I changed brokers and now I trade with FXCC. What I want to say: at first glance, this is an ordinary broker with ordinary trading conditions. But let’s look at the benefits that are very worthy. What do traders dislike? Right!!!) – commissions and spreads. For FXCC, this is either very low or nonexistent. It pleases like a vacation near the ocean)) What else. They also have a free VPS, and there are brokers whose subscription to the VPS costs from 15 dollars a month.
    What else? … oh yeah .. This broker has scalping and hedging allowed. I don’t understand why all brokers don’t take advantage of this. And of course this is CySEC regulation. Without this, it is not possible to trade safely.

  5. It came as a surprise to me that you can start with any amount – no restrictions.
    And the leverage is up to 1:500 – that’s enough.

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