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FXCC Broker Analysis

Discover FXCC, a globally recognized broker offering transparent ECN/STP trading services with competitive spreads and superior execution. Learn more about their offerings today!

Updated: 2 April 2025
Overall rating
4 of 5
Minimum deposit
0
Tradable instruments
Forex,ETF, Soft Commodities, stocks, indices, metals, energy, cryptocurrencies
Regulation
MISA, CySEC, SVGFSA
Overview Users reviews
Marina Panasenko
Edited by
Marina Panasenko
Table of Content

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

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
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.

Users reviews

Abhinav Aatif

An excellent platform for bringing your trading concepts to life. I needed a broker that matched my specific trading needs, and this firm turned out to be ideal. Swift order execution was a top priority for me, and I found exactly that here.

9 February 2025 Read
Ravinder Singh

I've been with FXCC for over a year now, and I couldn't be happier with their services. They offer tight spreads and don't charge any commission, which is a huge plus. The trade execution is impressively fast, and their swap fees are minimal. Deposits and withdrawals are processed quickly, which I find very convenient. The live account charts are accurate and free from any manipulation, which gives me confidence in my trading. Whenever I've needed assistance, their customer support has been prompt and helpful. Overall, FXCC is a reliable broker for serious traders, and I hope they continue to maintain the high quality of service they currently provide.

9 February 2025 Read
Thi Nguyen Ngoc

FXCC charges a 2% fee for cryptocurrency withdrawals, which is quite distinctive compared to other brokers. It's important to be cautious when dealing with them.

9 February 2025 Read
Myles Johnston

I truly appreciate this platform for its consistent reliability. The development process is steady, the order execution is consistently efficient, and the selection of instruments is perfectly balanced. I find everything I need with FCC, which is why it's my preferred broker. While it would be nice to see a new account option introduced as an alternative, the ECN XL account already offers excellent terms, so it's not a necessity. Keep up the great work, team!

9 February 2025 Read
Elijah brown

I appreciate several aspects of FXCC, particularly their quick order execution. That said, I wish they offered a wider range of instruments. Overall, I feel comfortable recommending their services.

8 February 2025 Read
jouyan

I thoroughly enjoy my experience trading with FXCC broker because they offer everything I require. They provide a range of financial instruments, including stocks and forex pairs, with narrow spreads and lightning-fast execution, allowing you to profit if your analysis is on point. Additionally, the leverage of up to 1:500 offers the potential for significant gains, though it's important to be cautious as leverage can be risky. There are no fees, and their customer support is available 24/5, paired with the outstanding performance of the MetaTrader platform. It's a combination I could stick with indefinitely!

8 February 2025 Read
Chester

After spending some time with FXCC, I have a few insights I'd like to share. 1. In terms of cost efficiency, FXCC stands out as one of the top players in the forex market. Their spreads are consistently lower than the industry average. I did a thorough comparison of major currency pairs with other well-known forex brokers, and FXCC's pricing was either on par or even more competitive. 2. Another significant aspect is FXCC's strong regulatory framework, which is something experienced traders will definitely appreciate. Knowing that the broker operates under strict regulations adds a layer of confidence to my trading activities. On the downside, I feel that FXCC could expand its range of trading instruments. The current selection is somewhat limited, and I hope they introduce more assets soon to diversify trading opportunities.

6 February 2025 Read
deacon banks

The attractive deposit bonus, paired with favorable trading conditions, convinced me to open an account with FXCC.

5 February 2025 Read
David Edwards

I find this broker quite intriguing. I'm particularly impressed with their order execution and the ECN XL account, which offers very tight spreads and no trading commissions. Overall, this broker seems quite promising.

4 February 2025 Read
To Ndaba

Exceptional trading environment! I must emphasize that these are the most favorable trading conditions I've encountered throughout my trading journey. The spreads and overall setup are unparalleled. The platform operates on the ECN model, true to the account's name, which ensures seamless trade execution. It's an outstanding and cost-effective experience that I highly recommend.

3 February 2025 Read
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