Ranking of brokers are subject to change. Elements that impact our ranking include general Broker Information, such as regulation, year estableshed, avaliable languages, trading platform features, ease of use and customer service. Additional elements that effect the ranking too are the number of consumer visits, percentage of sign ups and purchased services, the user device, operating system, location, the day of the week and time of day.
FXCC, founded in 2010 and domiciled in Limassol, Cyprus, is a regulated Foreign Exchange Broker that offers a wide range of trading technologies and services. Their ECN/STP business model allows clients to take advantage of transparent real-time pricing.
An ECN, which stands for Electronic Communication Network, broker acts like a bridge linking smaller market participants with tier-1 liquidity providers.
FXCC ECN Account
FXCC is regulated by CySec, MiFID, FCA in the UK and ICF in Cyprus and caters to all levels of Forex traders looking for a full service ECN brokerage.
There are three different ECN/STP accounts to choose from at FXCC.
A deposit of $100 will open an ECN Standard account with leverage of 1:300. ECN XL requires a minimum deposit of $500 and the maximum leverage is 1:200. Anyone with $100,000 or more can open the ECN Advanced account.
All three accounts use the MetaTrader4 trading platform, receive 24 hour support and personal account manager. Traders can take advantage of Automated Trading/ Expert advisors, scalping and free technical analysis.
All account types receive the same great service and support.
FXCC Account Types
There is also a Corporate Forex Trading Account which can be opened by a legal or registered corporation.
I was pleased to see when doing this FXCC review that a demo account is available and encouraged for traders who are just starting out in Forex trading and who do not want to put their own money at risk.
Currently FXCC offers its clients 30 currency pairs including Spot Gold and Silver with plans to add more financial instruments in the future.
Instead of a fixed spread, FXCC's ECN/STP trading model has very tight variable spreads. This means the spread on offer will accurately reflect the true buying and selling rates for a particular currency pair and ensures investors are trading Forex under real Forex market conditions of supply and demand.
A Forex rollover/swap where interest is added or deducted for holding a position open overnight (Buy (Long) / Sell (Short) is available as is scalping.
At FXCC, clients may select their required leverage from 1:1 all the way up to 1:300.
Since transparency is important at FXCC, the team goes out of its way to explain the concept of slippage. Slippage is defined as the difference in pips between the order price and the execution price for a particular transaction. It’s a fairly normal Forex trading occurrence that is usually spoken of negatively. When it goes against the trader it can be bad, but slippage can also work in the trader’s favor and FXCC provides a complete description of how it works and when it can be a positive rather than a negative event.
Slippage and Price Improvement Explained
Technical analysis is important at FXCC and they provide a daily FX analysis on all major currency pairs to all their registered traders.
Live quotes are listed for each asset traded and besides the usual currency calculator offered by most other Forex brokers, FXCC also offers several other calculators including a margin calculator, pip calculator, pivot calculator and position calculator.
FXCC prides itself on providing the best possible infrastructure for their clients to trade on. The extra mile in infrastructure is the FXCC NY4 Equinix MT4 server, which facilitates the quick execution of all Forex trades.
The Equinix NY4 server facility is located not too far from Wall Street, in the heart of New York City. Through this server technology, FXCC Forex ECN broker participates in the Equinix Financial Exchange. Client traders become part of a network of trading hubs and bank servers, located in the Equinix data centers.
Deposits to FXCC accounts can be done by bank wire, credit cards, Moneybookers, Neteller and WebMoney. All withdrawals are done using the withdrawal procedure of FXCC Finance Department.
The main bonus offered at the time of this review was the 100% welcome bonus which is available on the Standard trading account. FXCC also considers their ECN XL account to be a bonus as it offers traders the best of market Interbank spreads, zero commissions, zero swaps and zero mark-ups.
Orders in this account are executed immediately by going straight through to the processing department with No Dealing desk intervention and all orders are cleared through the pool of FXCC liquidity providers.
In addition, all FXCC account holders receive free personal 1 on 1 Forex training which covers topics such as platforms, navigation and more. All members also receive a free eBook that is suitable for experienced or new traders.
Previous bonuses included a 30% credit bonus and a 100% deposit bonus.
Most Forex brokers have not started using SMS to send out alerts to their account holders and it was nice to see that FXCC does. All live accounts are automatically subscribed to the FXCC SMS Alert Service and SMS’s are sent out for deposit and withdrawal confirmations and for news and market updates. In addition, traders receive security alerts when changing their MT4 Master Passwords.
There are close to 50 FXCC call centers scattered around the world with local telephones and traders can reach representatives that speak the native language of that location. Traders can request a Call Back and an FXCC customer service rep will return the call promptly. Chat is also available as are email addresses to various departments at the main office in Cyprus.
The FXCC website is intuitive and user-friendly. We had no trouble finding the information and services that we were looking for. FXCC offers all of the requisite documents and questions in obvious places and in easily downloadable PDF format. This can be extremely useful for traders who wish to take their time when filling out the questions or those who prefer to review the application offline.
Not all Forex brokers value transparency and responsibility but these are importable are issues at FXCC and the broker goes out of its way to offer features that are clear and user-friendly. The different trading accounts as well as the various trading platforms provide traders with important choices and afford them a certain amount of flexibility and customization in their setting up their trading environment. A broad international customer support base also adds to the trader’s sense of trust and responsiveness.
FXCC offers a choice of several different trading platforms.
MetaTrader 4 is one of the most popular Forex trading platforms in the world today and traders can use a host of trading tools and resources are on hand to allow traders to conduct Forex research and technical analysis, enter and exit trades and even use third-party automated Forex trading software (Expert Advisors or EA's). Traders can even program their own automated trading robots.
FXCC MetaTrader 4 Platform
The MetaTrader 4 Multi Terminal is an integral part of the MT4 package and was created to allow money managers and professional Forex traders to manage multiple trading accounts simultaneously.
Any trader familiar with MT4 will immediately be at home with the user interface on the MT4 Multi Terminal as well. It follows the same user-friendly layouts and incorporates advanced functionality allowing for handling any number of accounts, getting live quotes for any currency pair, placing a variety of order types as well as advanced reporting and trading history functions.
For multiple account traders and money managers, FXCC offers the MetaFx MAM (Multi Account Manager) software. MAM has significant advantages over other comparable Forex trading platforms like MetaTrader Multi Terminal for example including the ability to trade and view MT4 multiple accounts simultaneously.
The MT4 Mobile trading platform is your gateway to the financial markets offers traders all the trading features they enjoy on the award-winning MetaTrader 4 desktop platform.
FXCC MetaTrader 4 Mobile Platform
A wide array of charting tools is now at hand to support trading activity including 30 of popular technical indicators, various time frames and real-time updated market prices. The app is available through iPhone/iPad/iPod Touch or Androids.
offer multiple account traders and money managers the MetaFx MAM (Multi Account Manager) software. MAM has significant advantages over other comparable forex trading platforms like MetaTrader Multi Terminal for example.
The FXCC MAM application is ideally suited to professional traders or money managers who need to trade MT4 multiple accounts simultaneously, traders needing to view forex account status and history for multiple accounts and traders making group trades on behalf of multiple accounts.
The Social Trading platform uses the FXCC FxStat Automatic trading service for traders and Zulu Trade. ECN Forex liquidity with FXCC together with professional traders’ market insight from Zulu Trade is a great combination.
FXCC Social Trading Tools
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.
Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.
Thx for taking the time to write this FXCC review. It helps lots.
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.
They're pretty good as far as brokers go. I like the new FXCC review and their updated website.
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.
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.
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
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!
I just checked out the FXCC review and it covered everything I wanted to know. Tx - can't wait to get started.
FXCC is a great company. I enoyed trading on their platform.
Review info: FXCC
Review Date: 2015-10-12
Rating : 4
Reviewed By : Sara Patterson (Google+)