FXCC Review 2021
Foundation Year : 2010
FXCC is a legit brokerage firm that offers trading services on various tradable instruments like forex stocks, Indices, metals and energies. The broker is operated and managed by FX Central Clearing Ltd. The company is registered by the international company Act of the Republic of Vanuatu. The broker is regulated under various jurisdictions; one of them is Cyprus Securities and Exchange Commission with the licence number 121/10.
The broker offers an ECN XL account to their clients, which consists of several features. The broker is going to introduce a new account ECN Promo in the upcoming days. To provide high-level security, the broker keeps clients’ money in the segregated account and uses SSL network security protocol to offer security to their private data. The broker offers a minimal spread on their accounts.
|Regulators||CySEC and Others|
|Trading fees class||Low|
|Inactivity fee charged||High|
|Withdrawal fee amount||Zero|
|Time to open an account||1 day|
|Deposit with bank card||Available|
|Depositing with electronic wallet||Available|
|Demo account provided||Available|
|Products offered||Forex, Indices, Metals, Crypto, & Energies|
FXCC Review Pros and Cons:
- 100+ assets
- Regulated by CySEC
- Traders Corner Blog
- Zero Commission
- No Deposition fee
- No Minimum Deposit
- US residents are not allowed
- MetaTrader 5 is not available
Is FXCC Review Scam: Regulations
FXCC is a trading name of FX Central Clearing Ltd. The company is registered under the International Company Act of the Republic of Vanuatu with registration number 14576. The broker is regulated under various jurisdictions such as CySEC (Cyprus Securities and Exchange Commission). The broker is a member of MiFID and ACIIF. The provider does not offer its services to the residents and citizens of the United States and Europe.
FXCC Review Trading Account Types
The broker offers individual accounts to their clients, which consist of various features. The broker does not set any specific minimum deposit for opening an account on its website. The broker is also going to introduce a new ECN Promo account in the upcoming future. Collect complete details about the ECN XL account of the broker.
- Variable Spreads
- No Minimum Deposit
- 0.01 Lot Size
- Maximum Leverage: 1:500
- Free Funding
- 100% First Deposit Bonus
- ECN Type Execution
- EA Available
- Islamic Account
- Hedging Allowed
- Spread: Floating from 0.0 pips
- Available Base Currency: USD, EUR, GBP
- Stop Out Level: 50%
- Scalping Allowed
- Demo Account
- An Islamic Account on request
- News Trading Allowed
- EAs allowed
FXCC Review Account Opening
For opening a trading account, traders need to register on the broker’s website. The “Register” button is available on the Homepage of the broker’s website. Follow the below steps to open a trading account on the FXCC brokerage portal.
- Click on the “Register” button available on the home page of the broker’s website.
- On the first page, you need to enter your personal details such as First Name, Last Name, Email Address, Password. You can also register with your Google account and Facebook account.
- On the next page, the broker will ask a few questions related to your past trading experience.
- Now select ECN XL account features and enjoy trading over the FXCC broker’s website. If you are looking for more account options for Forex trading, you can go with ABinvesting, Brokereo which is a leading forex broker.
FXCC Review Trading Platform
The broker provides one of the best trading platforms, MetaTrader 4, to their clients. MetaTrader 4 is famous among forex brokers due to its trading and research tools. The MT 4 trading platform provides you with automated Trading Software (Expert Advisors). MT 4 platform also allows you to develop your own automated trading robot.
On the MT 4 platform, traders can take advantage of several impressive analytical tools and 50 indicators. Traders can access nine-time frames for each trading asset on MetaTrader 4 trading platforms.MetaTrader 4 platform supports PC, tablet, mobile, and Mac devices. Traders can access this platform via Android and iOS. Investors can run this trading platform via any browser.
FXCC Review Mobile Application
MT 4 mobile trading platform of brokers allow you to trade from anywhere in the world. Here you get access to the charting tools, 30 technical indicators as per your choice, multiple time frames. On the MT 4 mobile trading platform, you will check real-time updated market prices. This trading platform support both Android and iOS devices
Key features of MetaTrader 4 mobile trading platform
- It allows you to trade from anywhere
- Handle your market entry and exit points by modifying, placing, and closing trade.
- Take benefits of 30 technical indicators
- Invest using a state of the art platform.
FXCC Review Trading Instruments
Forex: 70 + Forex spot currency pairs across majors, exotics, and minors such as AUD/CAD, AUD/CHF, etc.
Cryptocurrency: 7+ most popular cryptocurrencies available for trading like Bitcoin, Ethereum, Litecoin, Ripple, and others
Metal: Enjoy trading over precious metals such as gold, Silver, and Palladium
Energy: Traders can perform trading over crude oil and Natural Gas.
Indices: Top indices are available for trading, such as Dow Jones, NASDAQ, S&P 500, DAX, etc.
FXCC Review Commission & Spreads
Traders can enjoy commission free trading on the FXCC broker’s portal. But the broker charges a rollover fee and a dormant fee of $5 on an account that has been inactive for more than 120 days. The broker provides live spreads average approx 0.2 pips for EUR/USD and around 0.3 pips for GBP/USD. Traders will also get access to a webpage with a 15 minutes average spread chart for major assets involving Spot Gold, from where you can check the actual image of spreads.
FXCC Review Leverage
The broker provides minimum leverage of 1:1 and maximum leverage of 1:500. The broker also gives you access to the margin calculator after registering on the broker’s Trader’s Hub. With the help of leverage, traders can enhance their trade size. But various professional traders lose money due to high leverage. So one must use leverage carefully.
FXCC Review Deposit and Withdrawal
The broker allows you to open a trading account with no minimum deposit. Various modes of transactions are available on the FXCC website, such as bank wire transfer, Credit/Debit Card, e-wallets like Neteller, Skrill, and others. The broker also provides you with online payment methods like Rapid Transfer for quick deposit.
The deposit amount should be processed within an hour. The broker accepts currencies such as USD, EUR, and GBP. The withdrawal should be processed within 5 business days except for Neteller and skrill. Transactions done through these two modes should be processed at the same time.
FXCC Review Educational and Research Support
The broker provides access to an education centre and research centre to their clients. The education centre consists of a wide range of trading articles related to trending topics. Here you get access to online courses, videos, articles, and other various features.
For research work traders, we get access to the economic calendar and Forex news. Through these two research tools, traders can take advantage of the market latest updates and news.
FXCC Review Customer Support
The broker’s Customer Support term is ready to help you 24/5. Traders can contact them through Phone calls, email, and live chat. You can also fax them through the FAX number available below. Traders can also contact them through the” Contact form” available on the broker’s website. Collect contact details from the bullet points given below.
- Address: Law Partners House, Kumul Highway, Port Vila, Vanuatu
- Phone: +44 203 150 0832
- FAX: +44 203 150 1475
- Email: [email protected]
FXCC is a brokerage firm that offers trading services over 100+ tradable assets such as forex, cryptocurrency, indices, metals, and energies. FX Central Clearing Ltd. is offering its trading services under the domain name FXCC. The broker provides you with the MT 4 platform for enhancing your trading experience. Traders can register on the broker website via opening an ECN XL account.
On the platform, traders will get small spreads and high leverages. The broker support term is available 24/5 for customers’ help. Investors can contact them through phone calls, live chat, email, as well as via FAX. If you are looking for a broker who offers trading on forex, cryptocurrency, indices, metals, commodities as well as stocks. In that case, you can consider Capixal, which offers 300 + tradable assets to their clients.
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