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FXCC Review 2021

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FX Empire sticks to a strict review standards.Learn how we make money and our review methodology.
FXCC Main Features
☑️
Regulations
CySEC (Cyprus), VFSC (Vanuatu)
️🗺
Supported Languages
English
💰
Products
Crypto, Currencies, Commodities, CFDs, Indices
💹
Max Leverage
1:500 (CySEC), 1:500 (VFSC)
🖥
Trading Desk Type
DMA, ECN, No dealing desk, STP
📊
Trading platforms
MT4
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FXCC Full Review

“FXCC is authorised and regulated by CySEC and the VFSC and offers clients access to trade on more than 100+ financial instruments across Forex, CFDs for Indices, Metals, Energies and Cryptocurrencies all through the MetaTrader 4 platform.”

FXCC was founded in 2010 and operates as a joint brand name of FX Central Clearing Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) and Central Clearing Ltd which is authorised and regulated by the Vanuatu Financial Services Commission (VFSC).

The focus for this review is the services offered on the non-EU website www.fxcc.com regulated by the VFSC.

FXCC offers clients access to trade on more than 100+ financial instruments covering Forex, CFDs for Indices, Metals, Energies and Cryptocurrencies all through the globally popular MetaTrader 4 platform.

Clients are offered a single account type called ECN XL which includes commission-free trading, $50 minimum deposit, up to 1:500 leverage, variable spreads from 0.0, free funding and more. Islamic and demo accounts are also available.

Deposits are fee-free and include a large selection of popular payment methods such as debit/credit card, bank transfer and e-wallets such as Neteller and Skrill. Withdrawal fees do apply for all payment methods except by debit/credit card and there is also an inactivity fee after 120 days of no trading activity.

There is a range of research and educational materials available which include news, articles, e-books, courses, trading calculators, market sentiment tools and more. The broker also offers customer support 24/5 via phone, email and live chat.

Pros: Cons:
  • Commission-free trading
  • 100+ markets to trade on
  • Tons of research and education material
  • Offshore regulation.
  • High withdrawal fees via bank wire.

 

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
Read More

Review sections

FXCC Video Review

Investor Protection & Regulations

“FXCC operates as a joint brand name of FX Central Clearing Ltd which is authorised and regulated by CySEC and Central Clearing Ltd which is authorised and regulated by the VFSC.”

FXCC operates as a joint brand name of FX Central Clearing Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) and Central Clearing Ltd which is authorised and regulated by the Vanuatu Financial Services Commission (VFSC).

Below is a screenshot that confirms registration and authorisation of FXCC by the VFSC:

FXCC provides further security of client funds by following the below regulatory requirements:

  • Holding client funds in segregated accounts from company funds.
  • Providing a negative balance protection policy.

Tradable Products

“FXCC offers clients the ability to trade on more than 100+ markets covering Forex, CFDs for Indices, Metals, Energies and Cryptocurrencies.”

FXCC offers clients the ability to trade on more than 100+ markets covering Forex, CFDs for Indices, Metals, Energies and Cryptocurrencies. Below is a list of just some of the available markets for trading:

Forex Indices Energies
EURUSD UK100 WTI
GBPUSD US30 Brent
USDCAD JPN225 Cryptocurrency
EURJPY DAX30 Bitcoin
GBPAUD Metals Ethereum
NZDUSD Gold Litecoin
AUDSEK Silver Ripple
EURGBP Palladium Dashcoin

* Details regarding the available assets are taken from the FXCC website and trading platform and are correct at the time of this review. You can find a more detailed list here.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the account type opened and instrument being traded and are covered further down this review.

Account Opening

“FXCC offers clients a single commission-free account type called ECN XL, as well as demo and Islamic trading accounts.”

FXCC offers clients a single commission-free account type called ECN XL, as well as demo and Islamic trading accounts.

The main features of the ECN XL account are summarised below:

  • No minimum deposit
  • Variable spreads from 0.0
  • Lot size from 0.01
  • Leverage up to 1:500
  • Free funding
  • ECN Type Execution
  • 100% First Deposit Bonus

The broker does offer corporate and MAM accounts for those who are operating under a legal or registered company and would like to assign authorised representative(s), to trade, deposit or withdraw on behalf of the applicant.

Users can open a new account in just a few steps. After clicking the ‘Open Account’ button on the broker’s homepage, users are asked to register with their name and email. Following this, an email confirmation should be received which includes a username and password to access the client portal.

From the client portal, users can open a live account by submitting proof of identity (passport or driving licence) and proof of residence (utility bill or bank statement – not more than 6 months old).

The client portal is shown below:

FXCC does not accept clients from the USA.

Deposit & Withdrawals Options

“FXCC offers a variety of fee-free deposit methods including by debit/credit card, bank wire, Skrill, Neteller, UnionPay, PSE, BCP and more. However, withdrawals are charged for all payment methods except debit/credit card.”

FXCC offers a variety of fee-free deposit methods including by debit/credit card, bank transfer, Skrill, Neteller, UnionPay, PSE, BCP and more. Withdrawing funds via debit/credit card is free, however, there are charges for other methods including a fee of 2.7% via Neteller or Skrill and $30-$50 for all other methods as they are processed via bank wire.

Clients can fund their accounts once logged into the client portal by clicking on “My Wallet” followed by the chosen deposit method, and withdrawals can be made by clicking on “Withdrawals”. Deposits are processed within 15 minutes and withdrawals are processed within one business day. There is also a minimum withdrawal amount of $50.

Web & Desktop Trading Platforms

“FXCC offers clients the ability to trade on the globally recognised MetaTrader 4 desktop platform for PCs.”

FXCC offers clients the ability to trade on the globally popular MetaTrader 4 desktop platform for PCs. The platforms features are highlighted below:

FXCC MetaTrader 4

  • Fully customisable
  • Advanced charting
  • Real-time quotes
  • Expert Advisors
  • Over 50 built-in indicators

A screenshot of the FXCC MetaTrader 4 platform is shown below and is covered in more detail in the video review.

Mobile Trading Platforms

“FXCC offers clients the ability to access mobile trading on the go from the MetaTrader 4 mobile trading app for Android and iOS systems.”

FXCC offers clients the ability to access mobile trading on the go from the MetaTrader 4 mobile trading app for both Android and iOS systems. The app download links can be found in the Google PlayStore or Apple AppStore.

The FXCC mobile trading app provides a range of different features including:

  • Trade and manage your account on the go
  • 3 chart types
  • 9 timeframes
  • Charting and live trading

The FXCC mobile trading app is covered in more detail in the video review.

Trading Features

“FXCC does not provide any additional features from what is already available in the MetaTrader 4 platform though eligible clients can trade through a VPS.”

FXCC does not provide any additional features from what is already available in the MetaTrader 4 platform. However, all clients can access the MetaTrader marketplace to access thousands of additional trading tools and strategies.

Eligible clients can request access to a Virtual Private Server (VPS) for extra-fast execution speeds, superior security and 24-7 accessibility if they meet the following conditions:

  • Make a new deposit of $2,500 and maintain minimum equity of $2,500 (or equivalent currency).
  • Minimum monthly trading volume of 30 standard lots round trip.

Commissions & Spreads

“FXCC offers commission-free trading with very competitive spreads, however, clients should be aware there is a $5 (per month) inactivity fee.”

FXCC offers commission-free trading with very competitive spreads from 0.0 on ECN XL accounts. However, a 5 USD (per month) inactivity account fee will be applied if there is no trading activity for 120 days.

For Non-Islamic accounts, overnight funding or ‘swap’ fees are charged on positions that remain open overnight (22:00) GMT. If positions are being held over the weekend a three-day ‘swap’ charge will be charged on Wednesdays.

Bonus & Promotions

“At the time of writing, clients outside of the EU can benefit from the free 100% deposit bonus up to $2,000.’’

At the time of writing clients outside of the EU can benefit from the free 100% deposit bonus of up to $2,000. The bonus is not losable or withdrawable, however, clients can use the additional funds to trade.

Customer Support

“FXCC offers customer support 24/5 via phone, email and live chat, and allows clients to submit enquiries through a form on the ‘Contact Us’ page.”

FXCC offers customer support 24/5 via phone, email and live chat in English only and allows clients to submit enquiries through a form on the ‘Contact Us’ page. A comprehensive FAQ section on Account, Trading platforms, Funds, Partnership and Trading related questions can also be found on the broker’s website.

After submitting a question through the live chat we were connected to an agent who answered our question within 1 minute, as shown below:

Contact Information:

Address: Amorosa Centre, 2nd floor, 2 Samou Street, 4043 Yermasoyia, Limassol, Cyprus

Email: support@fxcc.net

Phone: +44 203 150 0832

Social Media:

    • https://www.facebook.com/fxccforex
    • https://twitter.com/fxccforex
    • https://www.linkedin.com/company/fxcc/

Research

“The FXCC blog page offers a range of market research including Forex News, Forex Trading Articles Market Analysis, Market Watch and an Economic Calendar.”

The FXCC blog page offers a range of high-quality and comprehensive market research including Forex News, Forex Trading Articles Market Analysis and Market Watch. A brief summary is given below:

  • Forex News: Latest market events covering currencies, equity and commodity markets.
  • Forex Trading Articles: Tips and strategies on forex trading.
  • Market Analysis: Technical Analysis on EURUSD, GBPUSD and USDJPY markets.
  • Market Watch: Articles covering trading psychology, weekly market snapshots, daily morning market updates and important economic and political news.

Clients can also keep up with current and future events with the Economic Calendar.

Trader Education

“FXCC offers a huge variety of educational resources and tools covering Forex Trading Basics, Trading Terminology, Order Execution, Trading Calculators, Interest Rate tools and more.”

FXCC offers a huge variety of educational resources including Forex Trading Basics, Trading Terminology, Order Execution, User Guides and Forex Courses. Below is a small summary of the main educational resources on offer:

  • Basic Articles: Covers the basics of forex trading including topics such as “How to Read Forex Charts” and “Learn Forex Trading Step-by-Step.”
  • Basic pairs Trading: Understand how currency pairs work and their characteristics.
  • Trading Terminology: Covers details on popular terminology such as Rollover (swaps), Margin, and Slippage.
  • Order Execution: Learn about ECN models vs Dealing desks.
  • User Guides: MetaTrader 4 for PC, Mobile and Tablet user guides.
  • FXCC Academy: Beginner and Intermediate Trading Courses, Forex Strategies and Analysis and more.

Additionally, there are further trading tools clients can access from the client portal area such as Trading Calculators, Current Trading Positions (CTP), Interest Rates Tool and a Currency Forecast Poll which shows market sentiment.

The FAQ section also covers a great deal of general market and trading-related questions which users might find beneficial as it’s in a short and digestible format.

Trading Experience

“FXCC offers a great all-round service to clients providing them access to trade on more than 100+ markets completely commission-free with ultra-tight spreads. There is also a great amount of research and educational material for all types of traders.”

From our observations, FXCC provides a very competitive service with its commission-free trading and ultra-tight spreads in over 100+ markets across Forex, CFDs for Indices, Metals, Energies and Cryptocurrencies all of which can be accessed through the globally popular MetaTrader 4 platform.

Whilst the ECN XL account is all that is available the trading features and low-fee structure make this account attractive to clients who would like commission-free trading and have access to some of the best spreads available. There are also no deposit fees and although there is an inactivity fee it is relatively small.

There are also tons of research and educational materials available which are updated regularly and the content is detailed and informative.

FAQ

Is FXCC regulated?

FXCC operates as a joint brand name of FX Central Clearing Ltd which is authorised and regulated by CySEC as well as Central Clearing Ltd which is authorised and regulated by the VFSC.

Where is FXCC based?

Amorosa Centre, 2nd floor, 2 Samou Street, 4043 Yermasoyia, Limassol, Cyprus.

How does FXCC make money?

FXCC makes money mainly through spreads and swaps on certain asset classes.

How do I deposit in FXCC account?

Funds can be deposited via debit/credit card, bank transfer, Skrill, Neteller, UnionPay, PSE, BCP and more.

What is the min. deposit for FXCC?

There is no minimum deposit for FXCC.

How do I withdraw money from FXCC?

Withdrawals can be made via debit/credit card, bank transfer, Skrill, Neteller, UnionPay, PSE, BCP and more.

What is the max leverage in FXCC?

Clients are offered leverage up to 1:500.

How do I open an account with FXCC?

An account can be opened at the click of a button on the FXCC website and can be done in just a few steps.

Does FXCC use MetaTrader?

Yes, MetaTrader 4.

Conclusion

“FXCC operates as a joint brand name of FX Central Clearing Ltd which is authorised and regulated by CySEC as well as Central Clearing Ltd which is authorised and regulated by the VFSC. FXCC offers clients access to trade on more than 100+ financial instruments across Forex, CFDs for Indices, Metals, Energies and Cryptocurrencies all through the MetaTrader 4 desktop platform.”

FXCC was founded in 2010 and operates as a joint brand name of FX Central Clearing Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) as well as Central Clearing Ltd which is authorised and regulated by the Vanuatu Financial Services Commission (VFSC).

FXCC offers clients access to trade on more than 100+ financial instruments covering Forex, CFDs for Indices, Metals, Energies and Cryptocurrencies all through the MetaTrader 4 desktop platform.

Clients are offered one account type called ECN XL which offers commission-free trading, no minimum deposit, 1:500 leverage, variable spreads from 0.0, free funding and more. Islamic and demo accounts are also available.

Deposits are fee-free and include a large selection of popular payment methods such as debit/credit card, bank transfer and e-wallets such as Neteller and Skrill. Withdrawal fees do apply for all payment methods except by debit/credit card and there is also an inactivity fee after 120 days of no trading activity.

There is a range of research and educational materials available which include news, articles, e-books, glossary, trading calculators and market sentiment tools. The broker also offers customer support 24/5 via phone, email and live chat.

  • Commission-free and tight spreads
  • Attractive 100% deposit bonus
  • ECN execution
  • Good customer support

 

broker

Your capital is at risk

See FXCC Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Cyprus
Foundation Year
2010
Regulations
CySEC (Cyprus), VFSC (Vanuatu)
Publicly Traded
No
Number Of Employees
0-50
Trading Desk Type
DMA, ECN, No dealing desk, STP
Trading platforms
MT4
Restricted Countries
United States
Supported Languages
English
Max Leverage
1:500 (CySEC), 1:500 (VFSC)
Deposit Options
Wire Transfer, Credit Card, Cryptocurrencies, Skrill, Neteller, Debit Card
Withdrawal Options
Wire Transfer, Credit Card, Cryptocurrencies, Skrill, Neteller, Debit Card
Cryptocurrencies
Bitcoin Cash, Bitcoin, Litecoin, Ethereum
Fixed Spreads
No
Commission On Trades
No
Products
Crypto, Currencies, Commodities, CFDs, Indices
Mini Account
Yes
Premium Account
No
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
Yes
Institutional Account
Yes
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