FXCC provides trading on the reputable MetaTrader 4 (MT4) platform for forex, indices, cryptocurrencies, energy, and metals.
To assist traders in deciding whether to open an FXCC trading account, we will examine the regulations, account types, advantages and disadvantages, and so on in this 2022 FXCC broker review.
Who Are FXCC Brokers?
Founded in 2010, FXCC is an ECN/STP brokerage authorized in Vanuatu and Cyprus. Since 2017, it has received various accolades and provides traders with the well-known MT4 trading platform.
All traders, with the exception of those based in the EU, who are restricted by EU leverage limitations, have access to the lowest spreads of 0.0 pips, $0 trading commission, and the highest leverage of 1:500.
Additionally, FXCC offers clients in-house research and provides new traders with teaching materials. It’s a great option for automated traders and scalpers with huge portfolios due to its deep liquidity pools.
Pros and Cons
- 100% first deposit bonus
- No deposit fees
- Free resources for learning
- VPS is available
FXCC has limitations, including:
- US clients are not welcome
- No copy trading is available
- No download of MetaTrader 5
- No individual stock and share trading
- For macOS, there is no platform available. Customers of Apple must install the iOS software on their mobile devices.
Overview of FXCC Broker
FXCC, which is regulated by CySEC, gives customers access to a liquid Forex model (ECN). Each of its clients has the same level of access, and all orders are carried out instantly without any pauses or re-quotes.
In contrast to Dealing Desk brokers, this broker does not take the opposing side of trades. Trades placed by clients are carried out in collaboration with counterparties, putting FXCC squarely on the client’s side.
The best trading conditions, instructional resources, and access to the MetaTrader 4 platform are just a few of the many benefits this broker has to offer its clients. In addition to providing clear pricing and cheap forex spreads, FXCC is a Dealing Desk broker that accepts all trade types.
Regulation and Security of FXCC
The Cyprus Securities and Exchange Commission (CySEC) has granted FX Central Clearing Ltd. licensing number 121/10 and is responsible for regulating and authorizing the company as a Cyprus Investment Firm (CIF).
The broker automatically works under EU Markets in Financial Instrument Directive (MiFID) and cross-border registrations in its states due to the company’s authorization by an EU Member State, which permits the supply of services within the EEA.
Trading with FXCC is thought to be safe because a reputable organization governs it.
Understanding a Forex broker’s regulatory status is essential for safeguarding yourself against trading and investment fraud. In relation to that, traders should be aware of the following scam brokers.
You should refrain from investing because this broker is dishonest and operates without a license. Your funds are not secure with DeutscheBit broker because we’re dealing with an unregulated company.
Although they are not, TriumphFX asserts that they are registered with the UK’s FCA. A red indicator that a broker is dubious is if they assert that they are authorized to offer services when they are not.
Kiplar is an unregulated online trading brokerage with an offshore location. Because Kiplar is an unregulated brokerage, your money is not secure there.
Available FXCC Trading Platforms
Customers are given access to the whole MT4 trading platform’s feature set. It is one of the most adaptable trading systems on the market and fully supports automated trading.
For an additional cost, MT4 enhancements are offered by third parties to (maybe) improve the trading experience.
One key benefit is that FXCC provides a more thorough introduction to MT4, which many brokers neglect to do but can really position traders for longer-term success.
Additionally, Free VPS support is promoted by FXCC, together with automated trading solutions. The minimum account balance for FXCC clients is $2,500, and they are required to trade 30 standard lots each month. Otherwise, the monthly fee is $30 for the service.
FXCC Offers Different Types of Accounts
Three ECN live accounts are available at FXCC, each with a different degree of trading volume, level of experience, and set of requirements.
Some accounts offer additional advantages like no swaps, charges, or markups, or they could offer completely customized solutions for busy users or those who work larger scale.
Trading with an FXCC ECN account will therefore give you instant access to several currencies, including EUR, USD, and GBP, with narrow spreads starting at 0.01 pip and the possibility to trade up to 30 different currencies, as well as a variety of free features including VPS, SMS notifications, Expert Advisors, technical analysis, economic calendar, and trading tools.
FXCC offers demo accounts, and they appear to have no time restrictions, making them perfect for testing new trading algorithms and tactics.
FXCC Offers Bonus and Promotions
The first-deposit bonus of 100% with a $2,000 cap is available at FXCC. Before taking the incentive, traders should read and comprehend the applicable terms and conditions.
In the past, FXCC has introduced additional bonuses and promotions, such as a $50 no-deposit bonus or yearly interest on free margin.
Paysafecard, Neteller, Skrill, and other local choices are all supported by FXCC in addition to bank transfers. On its website, FXCC transparently offers all relevant data.
There are no fees for deposits, but some withdrawals are subject to internal fees, and there may also be third-party processor fees.
FXCC Research And Education
Daily technical analysis is offered to clients by FXCC. Although each analysis is only a few sentences long, it contains all the necessary details for traders to make a decision. The signals are still clearly displayed. Additionally, FXCC runs a blog where it provides articles about the market; however its Forex News section has significant gaps between entries.
FXCC provides new traders with a solid instructional platform from which they may advance. Although there aren’t interactive courses or videos, the present content offers a thorough introduction to trading.
24/5 customer service is offered via live chat, fax, phone call, and email. Many of the most frequent inquiries are addressed in the FAQ area, and FXCC is open and honest about its services and products.
Unless there is an emergency, most clients are unlikely to need more help. All clients who require assistance will have quick access, thanks to FXCC.
FXCC contact details:
+357 25 870750
+357 25 025001
+357 25 030523
Amorosa Centre, 2nd floor, 2 Samou Street,
4043 Yermasoyia, Limassol, Cyprus