FXCC Review

Rana Adnan | March 28, 2022

FXCC is an award-winning trading broker that offers access to trade over 200 financial instruments — forex, cryptocurrencies, commodities, bonds, metals, energies, indices, shares, and more. The broker provides their clients with the MT4 trading platform and operates the STP/ECN execution model, which offers access to the interbank markets. No minimum deposit is required to start trading. Some essential features of the broker include leverage of up to 1:30, 0.01 lots trade size, zero fees, and more.

Broker Pros / Cons
  • User-friendly trading platform
  • Various educational resources
  • Over 200 financial markets
  • No USA clients
  • No MetaTrader 5 platforms
  • Minimum $100 deposit

Summary

FXCC is a retail broker that provides traders with a competitive online trading environment and resources — MT4 trading platform, educational materials, and useful trading tools — they need to trade in the global financial markets. They provide their clients with 24/5 customer support.

The broker has bagged several awards in honor of their satisfactory trading services. These awards include the following: Best Forex Trading Account 2017 (UK Forex Awards), Best MT4 Broker 2018 ( JFEX Awards), and more.

FXCC Awards & Recognitions

FXCC Awards & Recognitions

Regulation

FXCC is a trading name of Central Clearing Ltd, an investment company registered under the International Company Act [CAP 222] of the Republic of Vanuatu with Registration Number 14576.

In Cyprus, FX Central Clearing Ltd is authorized and regulated as a Cyprus Investment Firm (CIF) by the Cyprus Securities and Exchange Commission with Licensing Number 121/10.

FXCC does not provide services for United States residents and/or citizens.

Platforms

FXCC allows customers to trade the available financial instruments using the MT4 trading platform. The MetaTrader 4 trading software offers an impressive array of analytical tools, including nine timeframes for each financial instrument to ensure detailed market analysis. A built-in library of more than 50 indicators and tools enables traders to identify trends, define various market shapes, determine entry and exit points, print charts of any instruments, and conduct their own “on paper” analysis. The platform is available in desktop, web, and mobile versions.

FXCC Trading Platform

FXCC Trading Platform

Tools

Apart from the various trading tools built into the MT4 trading platform, traders are provided with some useful standalone trading tools to help them get the most out of their trades. These tools include Economic Calendar, Economic Analysis, Forex Live Charts, and more.

Education

The “Education & Research” section of the broker’s website is replete with various educational resources, such as learning articles, forex news, Traders Corner blog, glossaries, educational e-books, and more. There is an FAQ section that answers some of the common questions that traders may have.

FXCC Traders Corner Blog

FXCC Traders Corner Blog

Markets

FXCC offers the following trading products: forex, cryptocurrencies, commodities, bonds, metals, energies, indices, shares, and more.

Accounts

The broker provides traders with a live trading account designated as the ECN XL Account. The account requires no minimum deposit and offers leverage of up to 1:30. A demo account is available for practice purposes.

Support

The broker’s customer support team is available 24/5 — Mondays to Fridays — during working hours to provide answers to clients’ general, technical, and account-related inquiries. The support team can be reached via telephone, email, Live Chat, online form, and social media.

Funding

FXCC processes all clients’ account deposit and withdrawal requests via the following payment methods:

  • Bank wire transfer
  • Credit/Debit cards: Visa, MasterCard, and more.
  • Online payment processors, including Neteller, Skrill, and more.
FXCC Deposit & Withdrawal Methods

FXCC Deposit & Withdrawal Methods

Signup

It is easy to open an account at FXCC; simply click on the ‘Register’ button at the top-right corner of the website. You will be required to fill in the account application form with your details and may be asked to provide some KYC documents.

FAQ

What is the FXCC minimum deposit?

The minimum deposit required by FXCC is $100.

How do I deposit money into FXCC?

You can fund your FXCC account using wire transfer, credit/debit cards, Neteller, Skrill, and more.

What are FXCC deposit fees?

FXCC do not charge any deposit fees, but you may need to pay a fee to your bank or a currency conversion fee if using a different currency.

How do I withdraw money from FXCC?

You can withdraw funds from your FXCC account through bank transfer, electronic payment gateways, and credit/debit cards.

What are the FXCC withdrawal fees?

FXCC does not charge any withdrawal fees, but there may be some processing fees depending on your payment method.

What is the FXCC commission fee?

FXCC commissions depend on the traded financial instruments but start from $0.

Are there any FXCC inactivity fees?

FXCC charges an inactivity fee of $5 per quarter.

What are the FXCC account types?

FXCC provide traders with a single live trading account for trading all the available financial instruments.

Is there an FXCC demo account?

Yes, FXCC offers demo accounts preloaded with virtual funds to simulate the real trading experience. The demo account allows clients to choose their preferred account, leverage, and more to mimic a real account without risking their funds.

What are the FXCC spreads?

FXCC has low floating spreads as low as 0.1 pips.

What is the FXCC leverage?

FXCC has a leverage of up to 1:30 available for clients who qualify.

Do FXCC allow hedging, scalping, news trading & automated trading?

Yes, FXCC do not impose any specific restrictions on trading styles. Therefore, all trading strategies and styles are welcome, including automated trading, hedging, and news trading.

Is there an FXCC Islamic account?

Yes, FXCC Islamic Account offers an Islamic account. The Islamic account is designed specifically for Muslim clients who follow the sharia law and cannot pay interests due to their religious beliefs.

What are FXCC trading instruments?

FXCC clients can trade and invest in forex, cryptocurrencies, commodities, bonds, metals, energies, indices, shares, and CFDs.

How do I open an FXCC live account?

It is easy to open an account at FXCC; simply click on the ‘Register’ button at the top-right corner of the website. You will be required to fill in the account application form with your details and may be asked to provide some KYC documents to complete the account opening process.

How do I verify my FXCC account?

You can verify your FXCC account by providing proof of identification and up-to-date address evidence no more than six months old.

What is the FXCC trading platform?

FXCC provides traders with the MT4 trading platform; it is an advanced trading platform that is available in desktop, web, and mobile versions.

Where can I download the FXCC platform?

You can download the FXCC trading platforms directly from the broker’s website or the relevant iOS and Android app stores.

Where is FXCC located?

FXCC has offices in Cyprus and Vanuatu.

Is FXCC regulated?

Yes, FXCC is strictly regulated by Cyprus Securities and Exchange Commission (CySEC).

What countries does FXCC not accept?

FXCC services are not available in countries where the offer of such products is prohibited or restricted by laws.

Is FXCC a scam?

No, we do not believe that FXCC is not a scam. The broker is licensed by the Cyprus Securities and Exchange Commission (CySEC).

How can I contact FXCC support?

You can reach the FXCC customer support team 24/5 — Mondays to Fridays — during working hours. The support team is available via the following contact channels: telephone, email, Live Chat, online form, and social media.

Compare

Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
Founded200619742007
RegulatedASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSAFCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFFASIC, CySEC, FSA, SCB
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
SpreadsFixedVariableVariable
Leverage1:4001:2001:500
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker

Conclusion

FXCC is a multi-asset brokerage firm that allows clients to trade over 200 financial instruments via the popular MT4 trading platform. Traders benefit from a range of competitive trading conditions, such as low spreads, zero commissions, several payment methods, and leverage of up to 1:30. There is a $100 minimum deposit required to start trading.

FXCC Logo

Min $100 Deposit

FXCC is a retail broker that provides traders with the MT4 trading platform, educational materials & trading tools, to trade in the global financial markets.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

Rana Adnan
I am an introverted long-distance runner and a Forex trader with more than 7 years of experience. Reminiscences of a stock operator was the first book that changed the whole concept of trading for me.

Review Methodology

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