History and Founding
The company, FXCC - Forex Central Clearing Ltd, started in 2010 to provide professional and clear trading services. They are ECN/STP brokers, and they facilitate direct trading with the interbank market without a direct dealer's intervention.
Mission and Vision
"Done for the traders" is the mission of FXCC; they provide all the necessary tools for trading and cutting-edge technologies. FXCC envisions being a globally recognized broker servicing global traders who are trustworthy and innovative.
International Reach
FXCC has its office in Cyprus; customers are offered services in more than 170 countries. Its services are regulated with multiple diverse lingual support for all its clients worldwide.
Advantages and Disadvantages
Pros
- Spreads From 0, No Trading Commission
- First Deposit Bonus Available
- Leverage Up to 1:500
- No Minimum Deposit Required
- Client Funds in Tier 1 Banks
Cons
- Inactivity Fees After 3 Months
- No Web Trading Platform
- Withdrawal Fees Charged by PSP
Security and Regulation
Licenses
FXCC was granted permission and a regulatory body from Cyprus known as CySEC, which operates under MiFID II rules and legislation to ensure secure yet transparent trading on the site.
Segregation and Security of Funds
Deposits assurance and separation of funds into separate accounts are maintained with popular bank accounts. FXCC has negative balance protection for some venues to ensure that the trader will never see his cash up and beyond sales made.
Instruments of Trade
Pairs of Forex
More than 70 pairs in all, these are not just major and minor ones but also those that can be found in BB or DLC.
Diversification with Commodities
Some commodities to trade include gold, silver, oil, and natural gas, allowing the trader to diversify risk.
Indices
You have access to NASDAQ, S&P 500, FTSE 100, and many others to trade on quick and liquid spreads of the indices added.
Account Types
ECN XL
Minimum deposit | 0 |
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Commission | 0.0 |
Available tools | 0 |
Leverage, min | 1:1 |
Leverage, max | 1:500 |
Margin call level | 100 |
Stop-out level | 50 |
Charges and Fees
Spreads and Commission
At its ECN platforms, the major difference starts at 0.0 pips while trading can take place commission-free, with all costs taken into the spread draw.
Differentiated Swap Rates
Overnight charges apply for any night swap when trading purchased. This platform allows Islamic intersperses as well.
Inactivity Fees
Charges on dormant accounts are made as the user realizes interest in no activity over a fairly long time, forcing them into active trading.
Trading Platforms
Available tools | Forex,ETF, Soft Commodities, stocks, indices, metals, energy, cryptocurrencies |
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Cryptocurrencies | BTC, ETH, LTC, XRP, DASH, ETC, BCH, ADA, NEO, XMR, TRX, SOL, DOGE, DOT, EOS, IOTA, ZEC |
CFD | Cryptocurrency: 8 Metals: 5 Indices: 12 Energy: 2 Forex: 72 |
MetaTrader 4
MT4 is capable of automatic trading and boasts having an advanced charting tool. This is also the most frequently used platform by FXCC.
Mobile Trading Apps
Download FXCC's mobile applications on your iOS and Android-powered gadgets to trade wherever you are. Market data and smooth account handling flow will inundate you.
Customer Support
How to Register
To sign up with FXCC, fill out an online form for account registration, select your account type if registered, and send personal documents like one's residence permit.
Criteria for Verification
Identification may consist of a form of ID such as a passport or ID card while proof of address could be a utility bill or bank statement in compliance with general regulatory requirements.
Deposits and Withdrawals
Payment Options
Payments in FXCC can be made in various ways including bank transfers, credit card transactions, and payments in or out through Skrill and Neteller.
Processing Time
Deposits at FXCC post in the same minute while few studies show that one might take 1-3 business days for the withdrawal transactions involved.
Additional Costs
For most deposits, you should not incur any fee; however, withdrawing may cost you. For more information, refer to the website of FXCC to check their fee application table.
FAQs
Is This Company A Regulator?
Yes, FXCC's work has been fully regulated by CySEC and MiFID II-specified regulations to provide a trading environment.
What Are The Trading Platforms?
Each type of platform is potentially present here; hence it is possible to trade with MT4 and mobile applications developed for usage on iOS and Android.
What Is The Minimum Deposit Needed?
To join, you only need at least $100.
Do You Offer Demo Accounts?
One can also sign in using an FXCC demo account for practice trading.
Which Charges Are Necessary For Trading?
It is free, and entry starts from 0.0 pips with a commission also zero; some rates apply based on the swap overnight. Also on the inactivity fee, for dormant accounts, over a certain length of period, account holders need to be induced to start trading.
How Much Maximal Leverage Do You Offer?
Usually, the highest leverage goes up to 1:500, variation in regulation depending upon the account and regulation jurisdiction.
Are There Any Demo Accounts?
FXCC offers demo account facilities; one can use the same by practicing with such money.
How Can I Speak With The Customer Service?
They have all the necessary complete customer support service by e-mail, phone, and direct live chat from 8 am to 7 pm.