FXVC Review 2018

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FXVCReview

FXVC Review

The FXVC online trading brokerage is a leading CFDs online trading brokerage that covers a wide range of financial markets including Forex, Commodities, Stocks, Indices, as well as Cryptocurrencies in the form of CFDs. The brokerage was founded and launched in 2014 with the principles that every trader and investor deserve to be treated with respect. Therefore, FXVC has a strong emphasis on offering secure and transparent trading services along with phenomenal customer care and support. FXVC is owned and operated by Central spot Trading (Cyprus) Ltd. and is based out of Cyprus with their headquarters located at Lophitis Business Centre, Office 102, 249, 28th October Street, Limassol, 3035 Cyprus.

FXVC Video Review

Regulations

Financial regulation is one of the most important aspects of any online trading brokerage as it ensures the brokerage implements secure, transparent, and fair online trading services. It also helps the overall reputation and viability of a broker. Luckily for FXVC, they are licensed and regulated. Since the FXVC broker is based out of Cyprus, they are licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license No.238/14. Also, they are considered to be a Cyprus Investment Firm (CIF).

Reliability

The FXVC is a very reliable online trading brokerage as they have been competently offering viable online trading services since their inception in 2014. The brokerage is not only licensed and regulated by a competent regulatory authority- (CySEC), but they are also made up of a team who’s dedicated to their customers’ satisfaction. The brokerage also utilizes best in class software and technology to ensure their brokerage and trading platform always operates in a smooth and seamless manner. All in all, traders can rest assured that FXVC is a reliable online trading brokerage.

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Trading Platform

FXVC features their very own proprietary trading platform that is entirely web-based and accessible via any web browser on any computer. No matter where you are in the world, if you have a computer and an internet connection, trading with FXVC is possible. The platform is intuitively designed to accommodate the needs of both beginners and experienced traders. The user interface has a simple and easy to use the design that features a sophisticated charting package capable of advanced technical analysis with the use of multiple technical indicators, chart types, time frames, and drawing tools. As well, the platform facilitates one-click trading from the charts and supports multiple order types such as stop losses and take profits. All in all, the FXVC trading platform does not disappoint.

FXVC Mobile Trading

The FXVC online trading brokerage Is rolling out a downloadable mobile trading application for their traders, but the proprietary FXVC trading platform is compatible and fully optimized to work on mobile devices including smartphones and tablets. The platform works the same on mobile devices as on desktop computers, only the interface is tweaked to accommodate the mobile screen. All in all, the mobile platform isn’t as good as an application but does the trick for most traders.

Trade Types/Instruments

FXVC offers traders the ability to trade a wide array of tradeable financial assets through CFD (Contract for Difference) trading. The markets available to participate in include Forex, Commodities, Indices, Stocks, and Cryptocurrencies. See the extent of these markets below.

  • 45 Forex currency pairs
  • 11 Commodities
  • 5 Indices
  • 200+ Stocks
  • 5 Cryptocurrencies

Account Types 

FXVC does their very best to accommodate the needs of every trader as customer satisfaction is very important to them. One of the ways they do this is by offering 5 different accounts to choose from, each with slightly different parameters, trading conditions, and features that appeal to different traders. See the accounts overviewed below.

Basic

  • Minimum deposit of €500
  • Widget Analysis Research Alert

Silver

  • Minimum deposit of €5000
  • Widget Analysis Research Alert
  • FOREX E-Books & Videos
  • Daily/Weekly Market Review
  • Dedicated Client Relationship Agent
  • Email Analysis Research Alert
  • Personalised Education (One on One)

Gold

  • Minimum deposit of €10,000
  • All the Silver account features +
  • SMS Analysis Research Alert

Platinum

  • Minimum deposit of €25,000
  • All the Gold account features +
  • Lower spreads
  • Loyalty store
  • Educational courses

VIP

  • Minimum deposit of €100,000
  • All the Platinum account features +
  • Additional educational courses

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Commissions & Spreads

FXVC believes that trading with the fixed spread is more convenient and beneficial for clients, as it is more predictable, thus less risky. The brokerage’s fees are imposed through fixed spreads that are higher than the industry standards and the spreads can even vary because FXVC is a market maker broker rather than an STP/ECN broker. Upon testing the platform, we found that for the EUR/USD Forex currency pair the spreads were fixed at 4 pips, which is twice as high as much of the competition. However, traders who hold Platinum or VIP account status benefit from reduced spreads. Although it is not stated as to how much the spreads are reduced. All in all, traders will likely find lower commissions and fees at other online trading brokerages.

Deposits & Withdrawals Options

Traders at FXVC can deposit and withdrawal their funds in a variety of ways. The minimum deposit amount is quite high at €500 and the minimum withdrawal amount is only €20. As for deposit and withdrawal fees, there are none. Regarding transfer times, deposits are completed nearly instantly, and withdrawals have 2 days to be examined by FXVC and will then be completed 5 – 7 business days after the examination. See below, the available deposit and withdrawal methods.

  • Visa
  • MasterCard
  • Skrill
  • Electronic Funds Transfer (EFT)
  • Bank Wire Transfer

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Bonus & Promotions

Unfortunately, FXVC does not offer their existing clients or new clients any sort of bonuses or promotions. The FXVC brokerage appears to be very basic and does not go to extra lengths to attract new customers or reward loyal clients. They do not offer any depositing bonuses or contests and tournaments for their traders to participate in. Therefore, traders have a very little incentive to sign up and start trading with FXVC.

Customer Support

The level of customer care and support at FXVC is phenomenal. The brokerage takes customer service very seriously and is always very responsive and informative when reached out to. Clients can contact support representatives Monday through Friday from 9 am – 5 pm UK time via email, telephone, and live chat. Additional methods of support include an FAQ page and a comprehensive education center that comes complete with video courses, eBooks, a glossary, and an asset index. All in all, the customer care and support by FXVC is pretty good.

Pros and Cons

Pros

  • Excellent customer support
  • Mobile trading supported
  • A wide array of tradable instruments
  • Regulated trading brokerage

Cons

  • No choice of trading platforms
  • High trading fees
  • No bonuses or promotions

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FXVC Q&A

  • Is FXVC regulated?

Yes, FXVC is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 238/14.

  • Where is FXVC based?

FXVC is based at Lophitis Business Centre, Office 102, 249, 28th October Street, Limassol, 3035 Cyprus.

  • How does FXVC make money?

FXVC makes its money by charging traders a fixed spread on the trades that they execute on the broker’s trading platform. FXVC does not collect any fees for deposits of withdrawals.

  • How do I deposit in FXVC account?

You can deposit funds to your FXVC account via bank wire transfers and via Visa, MasterCard, Skrill, Electronic Funds Transfer (EFT), and Bank Wire Transfer.

  • How do I withdraw money from FXVC?

Withdrawals of funds can be made through the same channel used for making deposits, (Visa, MasterCard, Skrill, Electronic Funds Transfer (EFT), and Bank Wire Transfer).

  • How do I open an account with FXVC?

To open an account with FXVC, simply complete the registration form and submit it with all the relevant documentation for KYC and AML purposes.

  • Is FXVC reliable?

Yes, FXVC is a reliable broker as it operates under the strict regulatory requirements imposed by the Cyprus Securities and Exchange Commission (CySEC).

  • Does FXVC use MetaTrader?

No, unfortunately, FXVC only offers their proprietary web-based trading platform.

  • What is FXVC leverage?

The maximum leverage offered by FXVC is 1:200.

  • Is FXVC a scam? 

No, FXVC is not a scam. The broker is owned and operated by Central spot Trading (Cyprus) Ltd.

  • How safe is FXVC?

FXVC is a safe broker as it operates in accordance with international best practices with regards to web security and is licensed and regulated by CySEC.

Conclusion

The FXVC online trading brokerage is a competent and reliable CFDs broker offering full access to a wide range of tradeable financial assets. The brokerage is fairly well-established as they have been operating since 2014 and have built up a large following throughout Europe and other parts of the world. FXVC has a strong emphasis on the satisfaction of their customers and is always striving to provide the best customer experience and support.

The brokerage features their very own proprietary web-based trading platform but is lacking the selection of other popular platforms like the MetaTrader 4 (MT4) platform. However, their FXVC platform is more than sufficient and accommodates most trader’s needs. The most disappointing aspect of the FXVC trading brokerage is their high trading fees, largely due to the brokers market maker structure. Overall though, the FXVC trading broker is a viable choice and could be the right online trading brokerage for you.

FXVCOverview

Company Information

Broker DetailsInfo
Regulated byASIC, CySEC
Headquarters CountryCyprus
Foundation Year2011
Publicly TradedNo
Number Of Employees100

Deposit Options

Credit Card, Skrill, Wire Transfer

Withdrawal Options

Credit Card, Skrill, Wire Transfer

Contact Information

Trading Account Options

Account TypeInfo
Min. Deposit$250
Max. Leverage1:30
Mini AccountYes
Demo AccountYes
Premium AccountYes
Segregated AccountYes
Islamic AccountYes

FXVC Trading Features

Suitable For

Trader LevelYes/No
BeginnersYes
ProfessionalsYes
Day TradingYes
Weekly TradingYes
Swing TradingYes

Customer Service

TimeYes/No
24 Hours SupportNo
Support During WeekendsNo

Customer Support Languages

English, German, Italian

Trading Services

ServiceInfo
Fixed SpreadsYes
Educational ServiceYes
SignalYes
Email AlertsYes

Supported Instruments

Instrument TypeYes/No
CurrenciesYes
CommoditiesYes
CFDsYes
IndicesYes
ETFsNo
StocksYes
BondsNo
CryptocurrenciesNo

FXVCUser Reviews

Rate this broker
  • 5.0
    very quick withdrawals
    albert
  • 4.0
    Very interesting broker
    Etgar
  • 4.0
    Good
    Robert
  • 5.0
    Easy to use
    Monica
  • 5.0
    piattaforma client-friendly
    Enzo
Read More FXVC User Reviews

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