FXCC Review – All About FXCC.com?
FXCC was established in 2010 and has ever since been successful in providing a competitive trading environment for international and European traders alike.
Using the experience and knowledge acquired over years of prosperous business, the aim is to understand the trading needs of all clients. FXCC provides the means for accomplishing all client’s ambitions and investment goals.
The company implements cutting-edge technology, responsive support 24/5, and a low-priced trading environment.
FXCC Brokerage Pros and Cons
Opening a live account at FXCC requires zero commissions and zero deposit fees. For traders who want to try out the platform and trade with just virtual funds, a Demo account is available, too.
The trading platform given is the reliable and multifunctional MetaTrader 4. However, considering that it has been mostly replaced by its successor, MetaTrader 5, it can be considered a bit outdated. Brokers of this tier tend to offer more than one trading software.
Clients can pick a funding method they feel most comfortable with and deposit fee-free.
For all novice traders that would first like to learn more before investing, educational resources are provided. Other acclaimed brokers can have video tutorials, webinars, and live discussions organized as well.
As mentioned above, FXCC has been in the online trading business for a significant number of years. During this time, the firm has managed to grow and build a profitable trading home for investors of every experienced group.
Traders can invest profitably with no trading commission and spreads from 0.0 pips. The leverage restriction is present in Europe, while other traders can access leverage of a maximum of 1:500.
Our table below lists some basic details considering the company info and trading conditions that FXCC offers:
|Address||Level 1 I count House, Kumul Highway, Port Vila, Vanuatu|
|Phone||+44 203 150 0832|
|Trading Platforms(s)||MetaTrader 4|
|US Clients Accepted?||No|
|Customer Support||Email and live chat|
Security and Regulation of FXCC
CENTRAL CLEARING Ltd is an investment company registered under the International Company Act of the Republic of Vanuatu with Registration Number 14576. CC Ltd does not provide services for US and EU citizens.
FX CENTRAL CLEARING Ltd is authorized and regulated as a Cyprus Investment Firm (CIF) by the Cyprus Securities and Exchange Commission with Licensing Number 121/10. The firm provides services for EU citizens.
Since MiFID sets a legal framework for companies offering investment services in EEA, FXCC applies these rules to their business.
EEA traders are also protected by ESMA, a regulatory authority that safeguards the EU financial structure by enhancing customer protection.
Being regulated by CySEC ensures that FXCC safely keeps investors’ funds in segregated bank accounts, that are separated from the company’s bank account and therefore safe in case of a firm goes bankrupt.
ICF- Cyprus Investor Compensation Fund can reimburse the clients if insolvency happens with a sum of up to 20 000 EUR. Eventually, to protect clients from sudden and unplanned loss, FXCC enables negative balance protection.
What are the Available Accounts at FXCC?
Only a single account type is available at FXCC and that’s an ECN XL account. The universal account type is designed to be appropriate for all traders and their various trading preferences.
Some basic characteristics of the ECN XL account are:
- No minimum deposit
- 0.01 lot size
- Maximum leverage is up to 1:500, for EU clients leverage restriction applies
- Funding is fee-free
- The bonus for the first deposit is 100%
- The type of execution is ECN
- Islamic account standards can be included by request
- Hedging is allowed
- Variable spread from 0.0 pips
When a legal or registered corporation wishes to open an account, they have to apply for a Corporate account. Documentation for applying is available for download at FXCC’s official website, along with instructions.
For clients that are preferring to trade risk-free, especially beginner traders, a Demo trading account is an option. It is especially suitable for experiencing ECN trading and testing out the strategies and trading plans.
Clients can have a look at the charts, news, and analytical features. The trading is done on the same platform available for live accounts – MT4. Virtual funds given upon making a Demo account are $10.000.
Trading Platforms Overview
Trading software available at FXCC is MetaTrader 4. MT4 is known as one of the most popular and preferred trading platforms in the world.
As an inexhaustible source of resources and options, it allows traders to perform research and analysis, use automated trading software, customize their trading environment easily and adjust all the features to their trading needs.
Programming your own automated trading robots is possible with the usage of MetaTrader’s own programming language – MQL4.
MetaTrader 4 is available for Android and iPhone mobile devices for all users who want to trade on the go. Thanks to the powerful mobile app, traders can access the market and buy/sell products with equal quality and reliability as desktop users.
Research and Education
The education section of the FXCC website is divided into several groups of articles:
- Education Center
- Basic Articles
The education center provides extensive articles on different subjects considering the trading elements and process. Articles explain what ECN is, provide in-depth information on slippage, margin, and indicators, and offer Forex Educational eBook and the Forex Glossary.
Research Center offers insight into market analysis and how important it is to understand the fundamentals of analysis for the purpose of staying competitive in the market.
This section also includes an Economic Calendar with the Forex News so the traders do not miss important economic events that could impact their trading strategy.
Basic Articles are there mostly for novice traders that are just getting into online trading and would like to learn how the process goes step by step.
Trader support is there to assist the clients with any problem they might encounter related to accounting opening, depositing, and software usage.
By filling in the online form, customers can describe their issues in detail and expect an effective response in their emails.
Multilingual support is available, considering the fact that FXCC provides services internationally and clients come from areas with different native languages.
Phone number and fax are provided as well, and so is the HQ address in Vanuatu. Working hours for the support team are all day Monday-Friday.
FXCC Provides Bonuses and Special Offers
Two particularly accentuated offers at FXCC are:
- VPS Service
- 100% deposit bonus
VPS services represent the ability to trade using a virtual private server. Some advantage of using VPS service is to upgrade the trading performance. This means that clients can trade at better speed, higher security, and accessibility.
The bonus given upon depositing for the first time is for users of live accounts. Funding your account can bring you a bonus of up to $2000.
Deposits and Withdrawals Methods Available
Deposit and withdrawal methods accepted at FXCC are:
- Credit/Debit Cards (Visa, MasterCard)
- Bank wire transfer
- Various E-Wallets (Neteller, Skrill, EeziePay, awa pay, efecty, Pago Ejectivo, etc)
Something notable is that all depositing and account funding is fee-free. Only for crypto depositing are mining fees charged. No minimum deposit amount is required.
Withdrawals are processed fast and within only a few business days. Fees do apply, depending on the withdrawal method chosen, except for credit/debit card withdrawals.
FXCC Overall Summary
As we have already examined throughout this review, FXCC is a regulated and reputable brokerage company.
With good trading conditions, tight spreads, no depositing fees, lightning-fast order execution, and adjustable leverage, this broker brings you a good chance of cashing in your investments. Top-tier risk management and safety of funds are also provided.
Attop from that, responsible staff supportively helps customers with different issues, while educational resources can help any beginner get into trading with ease.
All in all, FXCC is a reliable broker you can safely invest with.
FAQs About FXCC Broker
Are my Deposited Funds Protected in Any Way?
Deposited funds are safely kept in segregated bank accounts and full transparency is provided with any transaction.
Where Can I View Your Legal Documentation?
Legal documentation such as licenses, privacy policies, and others can be viewed at the FXCC website.
What Are Your Order Limits and Stop Levels?
Stop levels are 50% and minimum order volumes are 0.01 lots.
What Are the Benefits of Becoming an Affiliate?
Becoming an FXCC affiliate brings high-end commissions, advanced tracking, a wider range of marketing material, and global payment options.
What Bodies Are You Regulated Under?
FXCC is regulated by CySEC in Cyprus and VFSC in Vanuatu