FXCC Review

Review

FXCC is an ECN/STP broker regulated in Vanuatu and Cyprus, founded in 2010. It has won numerous awards since 2017 and offers traders the popular MT4 trading platform. All traders have access to minimum spreads of 0.0 pips with $0 trading commission and a maximum leverage of 1:500, except for EU-based traders who are confined to EU leverage restrictions. FXCC also provides in-house research to clients and delivers educational content to new traders. Deep liquidity pools make it an excellent choice for scalpers and automated traders with substantial portfolios.

 

 

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Regulation and Security

The Vanuatu Financial Services Commission (VFSC) provides FXCC with a competitive regulatory environment for international clients. EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC). The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000. Client deposits remain segregated from corporate funds at both entities with leading international banks, but FXCC does not list them. Clients can find the provision in the Investment Services General Conditions PDF. FXCC has a clean regulatory track record and established itself as a secure and trustworthy broker.

FXCC has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework.

FXCC maintains a secure trading environment.

Trader remains protected by negative balance protection.

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Fees

FXCC offers traders a commission-free trading environment with somewhat competitive spreads. The EUR/USD ranges between 0.0 pips and 0.4 pips, with occasional spikes during the market news and trading session breaks, which FXCC transparently displays on its website. FXCC deploys an ECN/STP execution model and does not interfere in quotes. Swap rates on leveraged overnight positions apply, and FXCC shows clients how to obtain the most up-to-date rates, a step many brokers omit. Mark-ups on currency conversion remain at the discretion of FXCC. The overall pricing environment is acceptable and ranks in the midsection compared to global competitors.

The pricing environment at FXCC is competitive.

FXCC provides data on average effective spreads.

 

Quotes remain sourced from multiple liquidity providers and matched for the best possible execution.

 

FXCC informs clients on how to access swap rates.

Currency conversion mark-ups may apply.

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What Can I Trade?

 

FXCC lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent. Overall, the asset selection is both impressive and more than ample for new and intermediate traders.

 

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Account Types

FXCC offers an ECN XL account for all its retail traders. At the time of this FXCC review, an ECN PROMO account was advertised as 'coming soon'. Hedging is allowed in this account and the minimum lot size is 0.01. The maximum leverage in the ECN XL account is 1:500, and traders may choose between the Euro, the US Dollar, or the British Pound as their base currencies. A 100% bonus appeared to be available.

Islamic accounts with no swap rates are possible upon request as part of the ECN XL account. A corporate account is also available, but beyond the scope of this review.

 

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Trading Platforms

Clients have access to the full suite of the out-of-the-box MT4 trading platform. It fully supports automated trading and is one of the most versatile trading platforms available. MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience. One significant advantage is that FXCC offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success.

FXCC offers traders the core MT4 trading platform without third-party upgrades.

 

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Unique Features

FXCC advertises free VPS, supporting automated trading solutions. The service provider is BeeksFX, but FXCC clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots. Otherwise, the service costs $30 per month.

A VPS service by BeeksFX is available at FXCC.

Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand.

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Research And Education

FXCC provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY. While each analysis is brief, it features all required information for traders to take a position. The signals remain well-presented. It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts. With such a useful market analysis, we would love to see the section expanded to other pairs.

FXCC provides in-house research on three popular currency pairs.

New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports. Eleven eBooks complete the education at FXCC, and the overall product remains impressive. Five MT4 user guides and a Forex glossary section are also available. FXCC offers beginner traders a sound educational offering from where traders can expand. While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading.

The Education Center features six articles and five user guides.

New traders should start with the eight Forex Basics articles.

FXCC briefly explains fourteen economic indicators.

Eleven eBooks add value to the overall FXCC educational section.

 

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Customer Support

Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat. FXCC also has seven social media channels. The FAQ section answers many of the most common questions, and FXCC is transparent about its products and services. Most traders are unlikely to require additional assistance unless of an emergency. FXCC ensures swift access to all clients who need support.

FXCC provides 24/5 customer support to clients.

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Bonuses and Promotions

FXCC had a series of bonuses and promotions but presently has only one active one for clients from the Vanuatu subsidiary. EU-based traders have access to no bonuses and promotions, prohibited by the ESMA since 2018 when it took the decisions to create an uncompetitive trading environment in the EU.

The current 100% First Deposit Bonus promotion doubles account equity with the first deposit. This bonus is done based on MT4 credit functionality and credit goes out as soon as an account reaches certain margin level. As a result bonus can not be used to cover losses but it increases the leverage up to 1:1000 for all instruments

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Opening an Account

The swift online application at FXCC requires a name and e-mail. Clients may also use their Facebook or Google accounts to open an account. Since FXCC is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations. A copy of the ID and one proof of residency documents usually satisfies this final step.

 

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Deposits and Withdrawals

FXCC supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option. FXCC transparently provides all necessary information on its website. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply.

Traders have access to numerous deposit and withdrawal options at FXCC.

 

FXCC remains fully transparent about the process.

 

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General Information

Company Information

  • Broker's Name : FXCC
  • Headquarters : Cyprus
  • Regulation : CySEC, MiFID, FCA, ICF
[AttrSet:Forex Brokers Features(Account Information)]

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : MetaTrader 4, Other
    • Platform Languages :
      • English
      • Arabic
      • Chinese
      • Russian
      • Other
    • OS Compatibility :
      • Mobile
      • Web
      • iPad
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • English
      • Spanish
      • Arabic
      • Italian
      • French
      • Turkish
      • German
      • Chinese
      • Portuguese
  • Support Hours : 24/5
  • E-mail Support :
  • SMS Support :
  • Chat :

Pros and Cons

  • Choice of Trading Platforms
  • Customizable Demo Account
  • Tight Spreads
  • Missing Information on the Demo Account
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FAQs

Is FXCC a scam?

No, FXCC is a legit broker with regulatory oversight from the VFSC and the CySEC.

What is FXCC?

FXCC is a multi-asset broker with two subsidiaries. One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. FXCC also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework.

Is FXCC safe?

Yes, FXCC follows all regulatory requirements. It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits.

Is FXCC a good broker?

The overall trading environment at FXCC features a low cost structure and competitive asset selection, . While the execution model is excellent. FXCC lacks more trading tools, like CFDs on stocks for example, which became so popular recent days.

How do I open an account with FXCC?

A swift online application handles new accounts.

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Summary

FXCC deploys an excellent ECN/STP/NDD execution model with access to numerous liquidity providers. The commission-free trading environment features competitive average spreads, . There are no restrictions on trading strategies, and new traders have access to a valuable educational section. There is no minimum deposit with a maximum leverage of 1:500 for all non-EU traders. FXCC has a competitive core from where it can expand its reach with a few adjustments to its existing business approach.

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User Reviews

Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.

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16 User Reviews
Darrell Gibson

Quite tight floating spreads convinced me to register with this brokerage company. Later my practical experience with this broker proved that my choice was right. As a scalper, I know for sure what tight spreads mean. They give a huge advantage. So, with tighter spreads you have a smaller drawdown once you open your trade and respectively it takes less time to overcome it and close the trade in black.

Clarence Hedlund

I trade with FXCC and so far I like everything. What sets them apart from other brokers is of course the low spreads. This is impressive. Another thing I love is the 1: 500 leverage feature for indices and metals. As far as I know, most brokers do not provide this amount of leverage for these instruments. oohhh ... they allow scalping ... It suits me because I like to trade not only intraday but also on very short timeframes. This is my style)) What else can I tell you about the advantages? Yeah .. here's what: - they are protected from negative balance - regulated by CySEC (!) - free VPS ..___))) .. I'm happy with my choice!))).

Somnath Pai

I have been trading with this broker for over a year. I must say right away that I chose it because of its reliable regulation by the CySec. This is a real ECN broker with good conditions for any trader. For example, there are you can register an ECN XL account with the lowest spreads. By the way, FXCC has almost no commission. You can trade automatically using a VPS (provided by a broker for free) and not lose% of the profit on commission. I advise you to try this.

Dedric Little

Lot's of positive things to mention: - NDD broker - no requotes - extremely rare slippages (have only faced it once at the time of a non-farm report release) - nice support - narrow spreads Just one negative one that I know of: - no stocks to trade

Rudolf Bernier

I have no idea why FXCC is not yet in the top of all forex brokers rankings. They've been on the market since 2010, they have the best trading conditions, they work globally (including Canada). In over a year of active trading I only faced a slippage several times and 99% those were the times I forgot to check with economic calendar or placed my stop under/above really strong price extremums. I have to note separately that by 'the best trading conditions' I truly mean THE BEST. Spreads only forex trading! Nothing but spreads. No swaps, no commissions, no hidden fees.

Charlie

FXCC is the best broker I have ever used with accurate spreads that are low. The service is good. They truly allow Traders to trade well and make money.

errol

Thx for taking the time to write this FXCC review. It helps lots.

itchy

I have accounts a few brokers. FXCC is one of them and they are pretty good. I enjoy their different platforms some of which I don't find with other brokers.

albet

They're pretty good as far as brokers go. I like the new FXCC review and their updated website.

mandy

I had a great chat with some gal on the FXCC chat line about an issue I was having and she was really sweet and helped me a lot. I need a lot of help sometimes.

Hanvy

I have been trading with FXCC for a long time. Tho I haven't made so much money, it's a good and honest company and I never had any problems with them.

Jackie

I was so pleased with FXCC's customer service. They answered all my questions professionally and when they didn't have an answer they didn't make things up. They checked out the question and got back to me with the answer. Thanks

Jesus

I bet you didn't know that the FXCC itrader is a trading platform for iPhones and iPad users. It's terrific. I can use it wherever I am.

The FXCC Meta4 trading platform is so much fun. I registered online and right away I was able to trade. It was easy and the demo account let me trade for free with virtual money. Get on board!

Cindy

I just checked out the FXCC review and it covered everything I wanted to know. Tx - can't wait to get started.

Jose

FXCC is a great company. I enoyed trading on their platform.

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