FXCC Review

  • Leverage: 1:30 | 1:500

  • Regulation: CySEC, VFSC

  • Min. Deposit: No minimum deposit

  • HQ: Cyprus

  • Platforms: MT4

  • Found in: 2010

FXCC Licenses

  • FX Central Clearing Ltd - authorized by CySEC (Cyprus) registration no. 121/10
  • Central Clearing Ltd  - authorized by VFSC (Vanuatu) registration no. 14576
  1. FXCC Pros and Cons
  2. Is FXCC safe or a scam?
  3. Leverage
  4. Fees
  5. Spread
  6. Deposits and Withdrawals
  7. Trading Platform
  8. 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 Pros and Cons

FXCC Forex broker has been recognized by numerous traders around the world as well by the significant number of awards they receive. FXCC broker delivers dedicated support by the professional team and good trading environment based on quality technology. FXCC instrument range is good and spreads are within average.

On the flip side, education tools are rather limited and platform is limited to MT4 only which is slightly outdated.

FXCC Review

Is FXCC safe or a scam

FXCC is not a scam but a regulated by Cyprus Securities and Exchange Commission (CySEC) company considered low risks trading broker. 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.

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.

Account types

At FXCC account offerings there are 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

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 trade 30 currencies with a range of free tools alike VPS, SMS Notifications, EAs, Technical Analysis and Trading Tools. See FXCC Spread comparison below.

FeesFXCC FeesLCG FeesGKFX Fees
Deposit FeeNoNoNo
Withdrawal FeeNoNoNo
Inactivity FeeYesYesYes
Fee rankingLowAverageAverage

FXCC spread

FXCC 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.

AssetFXCC SpreadLCG SpreadGKFX Spread
EUR USD Spread0.8 pips1.45 pips1.2 pips
Crude Oil WTI Spread3.2 pips3 pips3 pips
Gold Spread333

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.

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.

FXCC minimum deposit

The minimum deposits starting from 100$, and according to the method may also vary from 50 to 100$.

FXCC minimum deposit vs other brokers

FXCC Most Other Brokers
Minimum Deposit $100 $500

FXCC withdrawal

In addition to the selection of major withdrawal options 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

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.

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

Conclusion

For final though we see FXCC as 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 safety and sufficient level of trading environment, along with provided customer support.

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50 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?

    • Yes, the terminal in this company is perfectly adapted for mobile devices. And, of course, it has a version for IOS. So feel free to download the mobile app to your device and trade in FXCC.
      The main thing is to have access to the terminal at any time. Because sometimes the market changes very rapidly and you need to assess the situation in time.

  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.

    • You can run the FXCC MetaTrader 4 on a Windows operating system. Such as Vista, Windows 7, Windows 8 / 8.1, Windows 10.
      If you use Apple technology, I advise you to pay attention to some differences. Indicators often require the full Windows environment to run properly.
      So, I strongly recommend using Parallels Desktop for Mac, allowing you to run an entire functioning Windows OS inside your Mac computer. As such, the Quantum Trading indicators cannot run on FXCC MT4 with Windows compatibility layers such as Wine or PlayOnMac.

  6. I started working with this broker because it is regulated by CySEC. This is very important, it means that the broker is reliable. In general, this is an ordinary broker with good trading conditions. It’s just a pity that there is no Metatrader 5 (((I would like to trade on this platform .. but … there is Metatrader 4 here and I am satisfied with all the possibilities that this trading platform gives. Ohh … I almost forgot … and Multi Account Manager for MT4, which allows you to manage multiple accounts at the same time.

    • I personally don’t see great advantages in Metatrader 5. I think that in most cases Metatrader 4 would suffice. What’s more, most custom indicators are created specially for MT4.

    • I think there is no catch here. There are just a lot of brokers and everyone wants to offer the best trading conditions for their traders. For me personally, FXCC is now № 1.

  7. The FXCC brokerage suits all my needs as a forex trader as the company focuses on Forex as the primary sector. I was surprised to see how low spreads are, especially for major pairs intraday, when the trading volume is not so large. The MT4 platform is reliable, I can enter the market immediately. I also like flexible leverages for different trading strategies. There’s no need to place a stop-loss order at a certain distance from the entry point, no restrictions for scalping or hedging. True ECN broker.

  8. I live in Australia and this is my first Forex experience and thanks to FXCC I have all the conditions to trade well. The broker provides excellent bonuses and the platform is convenient. I hope that there will be no further problems with the broker.
    The international broker FXCC allows you to trade a wide arsenal of trading assets: currency pairs, metals, indices, cryptocurrencies, commodities, energy, stocks, bonds. The company was founded in 2010. The official website fxcc.com supports 93 languages, including Russian. The activities are monitored by the following financial commissions: Cysec, VFSC, FCA and many others, the full list is indicated on the main website.
    I trade standard EUR / USD and Japanese yen. Money is withdrawn without problems and delays.

  9. I get all the services I need from FXCC: fast opening and closing of trades, great trading conditions, leverage, spreads, platforms. The support team might take a bit of time to respond, but that’s not required so often. Payment methods are more than enough to get quick withdrawals.

    • Given how fast FXCC executes orders, no doubt that’s a True ECN broker. Spreads are low even for exotic pairs and CFDs for metals.

  10. Perhaps, I could have never learned about this broker. Fortunately, a friend of mine told me about this company. He pictured the broker as a company with exclusive trading conditions for some assets. To be exact, these are metals, crude, and indices. As a rule, brokers don’t allow to trade these assets with higher leverage because they are very liquid and volatile. Respectively, it can be difficult to provide enough liquidity. It feels like this broker doesn’t have any problems with liquidity providers. It offers to trade those assets mentioned above with 1:500. If you have ever traded gold, silver, and other metals, you should understand how great this advantage is and I’m already making the most of it.

  11. Please. explain, if a broker uses the ECN / STP model to enter the market, does this guarantee fast order execution?

    • That’s exactly the condition for fast executions. The ECN/STP model suggests no bridges nor dealing-desk interventions. Both factors create delays in order executions, while FXCC provides a direct access to the liquidity for its traders.

  12. I want to keep trading with this brokerage company. For two months of trading with this company I discovered no suspicious things. The broker executes its duties well and doesn’t try to cheat me. That’s the main thing for me. So, I know that it’s not a scam that gives me an opportunity not to worry but focus on my trading.
    In my trading I have to work with many indicators and respectively I don’t need to be distracted by anything else. When I’m confident in my broker, nothing can distract me.

    • I think that the main thing in Forex is to find a broker that you will trust. If the broker is honest and gives opportunities, then you can cooperate. I totally agree with you!

  13. This broker is really on our side. This is very encouraging. FXCC provides scalping capability. I often saw scalping on YouTube and decided that I want to trade that way. but my broker blocked my account as soon as my scapling got profitable. To put it polite, this made me very sad. But I was delighted to learn that the FXCC broker allows scalping and hedging with no restrictions.

  14. The only broker where it turned out to be easy to master Forex on a virtual account. I didn’t even think that this could be some kind of problem. I started with completely different companies, but only stayed with FXCC.
    Now I understand that probably all newbies faced this trouble. In one firm, my practice account was simply disconnected along with all open trades. I wrote to support and was not pleased with the answer.
    I started looking for something new. Found a demo account. Two weeks later, calls began with persuasion to open a live account, to top up it up quickly and start making a fortune :S
    I started looking for a new broker and read the reviews carefully. As a result, I looked through the FXCC reviews and registered here. This broker is very popular in Australia. For more than a month I have been trading with no issues, keeping my tyrading journal and slowly building my own trading system. I think that when I start to show stable results, I will stay with FXCC and trade on a live account.

  15. I feel a big interest in the company. I’m attracted by the possibility to trade with tight spreads. I’m going to open a trading account with fxcc soon. Could you give me a prompt what’re the most liquid assets here?

    • The most liquid assets are major currency pairs, metals, and energies. By the way, with our company you can trade metals and energies with 1:500 leverage that makes them even more profitable.

  16. One of the essential steps for a trader to become profitable is to select the right broker to deal with. Among the crucial requirements, there should be instant and honest order execution, reliable platform, several ways of trading, and affordable trading fees. After three months of trading with FXCC, I should say that the broker meets all of those requirements. I would highlight comparatively low margin requirements and very narrow spreads for most of the assets in the list. No-dealing-desk mode ensures true ECN connection and trust in terms of transparency. The leverage is flexible, and I can pick the most efficient settings for any trading strategy.

  17. I find its trading conditions very favorable for me. First, spreads have always played a crucial role in my trading. I can’t say that I scalp all the time, but nevertheless I do it nearly every day. What’s more, spreads are crucial when it comes to placing pending orders. You know the distance between ask and bid prices determines the minimum distance between pending orders. For example, if you want to place sell stop and buy limit very close to each other. Besides this, for two months of trading here the broker proved its reliability and it made me want to keep trading here.

  18. I am absolutely happy with the choice of the broker. I have been trading with them on the Forex market for almost 5 years, but I have not yet met a better broker than this one.

    • FXCC is a big scammer site that says situated, approved & Licensed in VFSC (Vanuatu Financial commission). But VFSC nicely confirmed that company FXCC Is not Licensed with them shown as below. (Please be advised that Central Clearing Ltd does not hold an active license under the Financial Dealers (Licensing) Act [CAP. 70] to carry out trading activities. Thus they are not regulated by the Vanuatu Financial Services Commission.) So it means VFSC will never guarantee you to make deals with FXCC. If you have already deposited on this scammers site please withdraw Asap. Thank you!

  19. Has anyone tried FXCC MetaTrader 4 Multi Terminal? I want to know about the features of the terminal and your work experience with it.

    • You won’t need to use the multiterminal unless you manage multiple accounts, which is a task for experienced traders. There are some videos on youtube that explain the specific features.

  20. It’s hard for me now to understand the fact that I trade Forex. Seriously. I didn’t understand anything before, and now I’m not a professional either. I am trading with FXCC broker and am not making a lot of money yet. I know it takes time, but I have a fear that I will lose my deposit if I make a mistake. Therefore, I advise everyone to constantly learn and analyze the market well. Technical analysis is a good tool. This must be applied constantly. There are analysis indicators for this. They are available in the MT4 trading platform. To be honest, at first I did not understand these indicators at all. I even thought to stop trading. Despite this, I still trade here and believe in success!

    • Yes, indeed, technical analysis is very important in trading, it is often the only means to measure the “”irrational”” (emotional) component needed to adequately assess market conditions. Random-event theory says that today’s market prices have no effect on the market prices of the following days. But this approach does not take into account an important component of the market: people. People remember previous days’ prices and act accordingly. Thereby people’s actions affect the price, but the opposite is also true: the price itself affects these actions. So the price itself is an important component of market analysis.
      I agree that FXCC broker provides a lot of indicators for successful technical analysis.

  21. I started in May, when I did not have much hope that everything would be okay, and that the world would recover at least a little bit from the virus, which is now on everyone’s lips, but I needed the money, so I took the risk of investing in FXCC. I didn’t regret it, even later praised myself for making such a decision, especially after I got my first $1,500 on dollar and pound pair trading. It was easy, I bought the currency cheaper and sold it with a markup, then I managed to catch some very good movements. At this stage I am trying to increase my earnings by applying new strategies, so far it is also more than good, I already have $450 extra money.

  22. The FXCC company has shown that it has all the conditions for good trading and traders get the tools to do analysis and make money. And what about the withdrawal of money? FXCC broker Withdraw money without problems?

  23. If you ask yourself the question, what is a Forex broker, then for myself I will show 2 main criteria – it is a broker that pays money and does not interfere in trading. I would say that the main advantage of FXCC is a wide range of financial instruments for trading, small spreads and fast execution of orders. Withdrawal of money is fast enough. From the proposed options suits the transfer to the card. Money are transferred to the bank card in 2-4 days. There is no withdrawal fee.
    For me, the most important criterion for trust is the reliability of the forex company. And the FXCC sticks to its promises. Everything is transparent and trading is quick and easy. If your Internet is working properly, there will be no technical problems.

    • Hi all. I too, like you, have been working with FXCC broker for about a year. The conditions of the company for me are more suitable than those of other brokers. I asked for explanations at first, they answered quickly and to the point. I hope to continue working with this broker.

  24. True ECN/STP executions, MT4 Multiterminal and a strong focus on Forex make the broker outstanding. The trading conditions save me a bunch of money as the spreads are tight and commission is absent.

  25. You know, it is very difficult to find a broker who has good trading conditions. FXCC broker allows you to trade with 1: 500 leverage for most assets including indices. It’s almost impossible.
    In addition, this broker does not restrict traders to trade. I mean scalping and hedging are allowed here. Of course, you won’t surprise anyone with this now, but this broker really allows it.
    I’m glad I opened an account here. At first I opened a demo account and traded for only a week and then I opened a real account.

  26. Unfortunately, there’s a big problem for Australian traders to find a good broker in their native country. To be exact, the question is not about the quality of local brokers but about Australia’s severe regulation. It’s really choking for us. Local regulators make Australian brokers drastically decrease their leverages. Of course, one can trade stocks with low leverages, but what should we do if you want to trade majors? The only way out here is to seek foregin brokers. I followed this path and found this brokerage company. FXCC reviews helped me a lot.
    This broker welcomes traders from my country and I’m very glad about it because the company offers very good trading conditions. I appreciate a good leverage size, tight spreads, not to mention no fees.

  27. The trading conditions offered by the FXCC brokerage opened more ways of trading for me. I began taking constant profits from gold and silver, as well as widened the range of currency pairs in my watchlists.

  28. I made the decision that I want to look for an opportunity to make money on the Internet. After a while, I realized that Forex trading is what I need. The last item remains. This is a broker. I live in Australia and in fact it is not so easy to find a legal broker here that gives good opportunities, but on one of the forums I was advised by FXCC. I decided to check. This is a truly licensed legal broker with good real reviews from Australia. There is even a leverage for indices of 1: 500. This is very cool. I already understood some of the information in Forex, so I was able to make a decision.

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