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 possiblelow 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 (Forex Brokers List). 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On the flip side, education tools are rather limited and platform is limited to MT4 only which is slightly outdated.
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.
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.
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 of1:30 for major currencies, 1:20 for minor ones and 1:10 for commodities due to ESMA restrictions.
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.
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.
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 BlackBull Markets.
EUR USD Spread
Crude Oil WTI Spread
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
Most Other Brokers
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 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.
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.
Traders of any level and expertise can learneven 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.
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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