Editor’s Verdict
Overview
Review
Headquarters | Dominica |
|---|---|
Year Established | 2004 |
US Persons Accepted? |
FXCH is in reality the Foreign Exchange Clearing House. Traditionally financial clearinghouses settle financial transactions between two parties for a fee. FXCH’s services appear to reach beyond those basics into Forex and other types of financial trading.
FXCH registered as Foreign Exchange Clearing House in January 2004. The FXCH registration number is 9126, and it is authorized to deal in Spot Foreign Exchange market and derivatives (CFDs) of commodities. Foreign Exchange Clearing House is authorized to solicit clients and accept orders to buy or sell approved financial instruments as well as accept money or other assets from customers to support such orders. FXCH has a 15-year history in the Foreign Exchange market, which can serve to indicate that its client base was initially an institution one.
Today FXCH is one of the world’s largest dealers in Forex. It now offers commission-free foreign exchange and other trading services to novice and professional traders alike. You are able to open an account with FXCH in multiple currencies, and there are no trading restrictions. They are also well known for not trading against their clients. There are no negative balances when having an account with FXCH and they strive to make sure you never owe more than what you have in your account. Using FXCH as your Forex dealer, you can save 3 to 5 pips per transaction. FXCH uses a Meta4 and Meta5 platform which you are able to utilize free demos before you begin. The well organized website has information for all you need to know about Forex, online forex trading, the forex market, forex technical analysis, charting, and of course risks.
The proprietary FXCH Internet Real-time Trading System is described an informational, transactional dealing and client account management system that allows individuals and institutional clients to make online transactions on various tradable instruments such as currencies, stocks, indices and commodities. Trades are executed in real-time. Phone trading is also facilitated by the software. The platform is available in five languages: English, Spanish, Chinese, Farsi and Russian. Operating system limitations are not apparent or referenced. A complete demo system is also available. Support options available to all kinds of clients might be spelled out a little more clearly on the website itself.
FXCH puts a definite marketing emphasis on its Introducing Broker Program that allows individuals or firms to receive compensation for directing new clients to FXCH. Its “Trade with a Clearing House Not A Broker” slogan bespeaks a desire to command the top of the food chain.
This all things to all people approach is also evident in its variety of programming services that specialize in database development, trading packages, financial analytical packages, financial browsers, and other real-time applications.