FXCC Review, Rating and Awards 2022

We believe that more seasoned traders can take advantage of its ECN/STP business model to achieve consistency of performance in the long term. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. FXCCmakes theMetatrader4comprehensive trading platform available to traders.

FXCC offers trading of currencies, indices and commodities. I made an FXCC account because of the right attitude to their clients. Every time I had some troubles with my account or trading issues, customer support was always there to help me. It is pleasant to see that FXCC is a really client oriented company. For us, beginner traders, it could be a deciding factor in picking a forex company.

Forex Online Brokers

Each broker’s desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other ‘need to know’ features. We test the broker’s platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money. Having operated for more than 10 years, FXCC has established itself as a stable and reliable STP broker. FXCC can be a trustworthy partner to beginners and more experienced traders alike with its strong licensing and competitive fees. The broker’s biggest drawback is that it does not offer a lot of trading instruments. Trading withFXCCwill involvefeesfrom $3 USD / R 60 ZAR,spreadsfrom 1.3 pips to 1.5 pips, andcommission-free trading depending on the account type traders select.

The broker received a high score in the Account types category. The options it offers are diverse and structured in such a way as to accommodate most traders’ goals and needs. FXCCprovides three differentaccount types, xm forex review namely the ECN XL Account, a Demo Account, and an Islamic, Swap-Free Trading Account. FXCC does not require a minimum deposit amount in order to open a live trading account, with the recommended amount set at $500 USD.

To contact the author please use the email address below. Below is a list of the most common questions about FXCC.com that traders ask about this broker. FXCC’s range of financial instruments to trade is smaller than most other brokers, with no shares nor specialty CFDs such as ETFs.

To create your automated trading robots, you may also use MetaTrader’s programming language, MQL4. I can say that their trading conditions are excellent for scalping. They charge no fees and combined with tight spreads it becomes very attractive to trade here.The only inconvenience here is a high withdrawable amount.

There are several examples of people getting scammed by the platforms that seemed to be legit. Now almost every user out there is worried to join the right platform so they can stay safe from all sorts of scams. 24option forex FXCC is a platform that is under the regulations of CySEC meaning that there are no risks about joining this as your trading platform. FXCC even provides its users with Zero commission trading options.

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. FXCC has a consumer rating of 4.66 stars from 88 reviews indicating that most customers are generally satisfied with their purchases.

The Trustpilot Experience

I think that would be great for every person, so after a few weeks I opened a real trading account and start to earn real profits. It’s a specific broker, but experienced traders can benefit from it. Conditions are excellent – leverage, spreads, executions – everything. The trading conditions offered by the FXCC brokerage opened more ways of trading for me.

I trade on the standard with free VPS, I’m comfortable with the shoulder, support and almost instant execution. I like them for their simplicity and reliability. Sometimes, of course, the spread expands, but so, of course, it is possible to do better the conditions themselves, but it does not prevent me from trading profitably in any case. The company allows hedging, scalping and offers a free VPS. Client deposits are also held in segregated bank accounts with investment grade banks.

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

no minimum deposit and tight spreads

Among indicators professionals usually use such simple instruments as Standard Deviation; Exponential Moving Averages; Moving Averages. With this broker I mostly trade major currency pairs as well as XAUUSD. I used this brokerage’s service long enough to know every detail that is normally you can’t find on an official web page. Since long ago, I use an ECN XL account, and there is no doubt that this is the only account that is really worth considering with this broker. Finding a platform that provides all the trading features that FXCC provides along with these things can be a rare thing. So, it means that these things make it a trading platform that is better than most of the other options.

Bank transfer — deposit and withdrawal – within 5-7 business days. Free VPS – FXCCDo you want to experience lightning fast trading? Join FXCC to receive free VPS to experience fast, secured and accessible trading all in one. Refer a Friend Program – FXCCSpread the word about FXCC and refer friends to the company to receive commissions! The maximum reward you can get for each friend referred is $175!

If the customer has his website, he can integrate a free currency converter widget with a banner ad displayed. He can also get premium customization that will allow him to add the widget to his site without any advertisement for an annual fee. To maintain doge to usd coingecko the security of all transactions, the MT4 platform uses 128-bit encrypted connections to transport data contained between servers. FXCC also provides expanded security techniques based on public-key cryptography, which should deter fraudsters.

In order to achieve your trading goals, you need to choose the right account. We evaluate each broker’s account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account. There is a significant risk involved with the trading of financial instruments. This level of risk may not be suitable for all traders. Traders need to ensure that they have a clear objective before they trade financial instruments. It offers a structured an well developed learning materials, which obviously affect skills development and help traders not to get confused when they open live account.

Such a feature opens the doors into the world of trading for many traders, who are confused because of the size of minimum deposit. I know that low spreads are also useful, and this one proposes quite low ones. Metatrader 4 is considered to be the classic platform. Don’t really like when brokers offer lots of platform, you have to spend time on comparign them. The company’s top managers seem to believe that every trader should have access to all available financial instruments.

$10,000 Welcome Bonus

In addition to the above-mentioned problem that FXCC’s ECN XL account offers only 30 instruments, those can be traded solely as CFDs. With spread betting being the only option, traders cannot use other types of instruments such as bonds, ETFs, and options to diversify their positions. An alternative to the three main account types is the corporate account, which is constructed specifically for Legal or Registered entities.

There are just a lot of brokers and everyone wants to offer the best trading conditions for their traders. FXCC Forex trading platforms, like most ECN brokers, are based on a highly regarded MetaTrader4. The platform is available for all operating systems and fully compatible with EAs, hedging and equipped with advanced technical indicators, analytical objects, and charting tools. 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.

FXCC Trading Platforms

In addition to the Forex ECN XL trading account, FXCC also offers a VPS and depending on regulation – first deposit bonus. Clients can trade using a Virtual Private Server, which can give them three main advantages, including accessibility, security, and speed. FXCCdoes offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. Traders with live accounts can request that FXCC set the demo account to non-expiry.

FXCC offers the MetaTrader 4, and MT4 Mobile, and foreign exchange trading top platforms. FXCC.com offers over 70 currency pairs, cfds, commodities, stocks, indices, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options. I suppose it’s the best solution, as traders don’t spend the time on exploring the conditions and it makes trading easier for them. Especially newcomers, they have no idea at all what to do and other brokers load them with types of accounts, while only one is easy-to-understand. I got acquainted with the conditions here and decided to open demo account. Trading on demo was awesome, I learnt lots of things and opened new features of this broker.

It seems that there is no easier thing than finding a Forex broker since they can be found on every corner. This might be true, but to find a good broker requires more than just a blind pick. First of all, traders have to examine the broker to find out if the broker is going to meet its payment obligations. Sometimes, there is no other way then to learn it the hard way, since many brokers cannot be “read” right away. Traders usually start with inspecting the broker’s regulator to see how efficient they are.

The modern market is a very changeable, so you always have to decide quickly. There will be no problems with their mobile application, it works just as as the web version, so I also think you will figure it out quickly. I chose a broker according to several criteria and found all this in this company. I’m often on the road, so it’s necessary for me to have app that works properly. Well, fxcc is that kind of a broker which can definetely be worked with. I saw nothing suspicious that could make me quit.

Traders can augment their charts based on their personal preferences. They can choose between bar charts, line charts and candlesticks. MetaTrader 4 is a bit rough around the edges, and it takes some time to learn where everything is. Even still, all essential charting tools are present, and the platform can be used to carry out detailed and intricate technical analyses.

Client’s funds and corporate funds are completely separated. STP model is also a reason that broker has spreads lower than average on the market. The other trading conditions are more or less the same as another broker companies. The only thing I’d like to mention is free VPS but it won’t be too useful for the average trader I think. 67% of retail investor accounts lose money when trading CFDs with this provider. CFDs are considered complex derivatives and may not be suitable for retail clients.

FX Central Clearing is therefore trustworthy and suitable for European traders. Central Clearing Limited, the company’s overseas entity, is not regulated and therefore presents a higher risk to FXCC’s traders. FXCC can be a reliable partner to beginner traders with its strong regulation and cooperative customer support, having scored high marks in both segments.

Didn’t like once is that the withdrawal of funds waited longer than usual – almost two days, I don’t know why it was, but it never happened again.

Yes you are right, FXCC has really good trading conditions. As for the withdrawal of money, I like that there are no problems and delays with this. 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. 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 losses as well.

The only issue i had was due to using Metatrader 4 trading platform, its mobile version to be exact. The executed order showed up in history book after several seconds and that puzzled me a little, but i think that was because my phone is 7 years old, so gotta test it. Next traders will have to fill in their trading account settings, including preferred base currency, trading account type , level of leverage, and expected deposit amount. I chose this brokerage service because it offers the best trading conditions to trade metals.

You will see enough assets, especially currencies. When someone talks about brokers with good trading conditions, I understand that none of the brokers can compare with FXCC in terms of conditions provided. Minimal swaps was the main reason for me to open a real trading account here. I often use locking in my trading and when I have to stay in a pullback, negative swaps can be very painful. You can’t do this with this broker because a minimum withdrawable amount here accounts for fifty dollars. It would be quite time-consuming for beginners to reach this withdrawable amount when trading micro lots.