FXCE Review

Category: Reviews | Author: Trading Brokers | Date: January 2, 2024

Get ready to explore FXCE, a distinctive forex broker hailing from Saint Vincent and the Grenadines. This review will guide you through the various features and services that FXCE brings to the table. From its innovative Capital Funding Program to a range of trading platforms and educational resources, we’ve got it all covered. Whether you’re a novice in the trading world or a seasoned trader scouting for a new broker, this review aims to equip you with the necessary insights to make a well-informed decision. So, without further ado, let’s delve into the world of FXCE.

Pros & Cons

  • FXCE offers a variety of account types to cater to different trading needs and styles
  • The platform provides a variety of trading opportunities in various markets, including Forex, Metals, Indices, Commodities, Cryptocurrency, and Shares
  • FXCE offers a Social Trading Platform, allowing traders to connect and learn from each other
  • The platform provides a variety of educational resources, including a trading academy and a blog
  • One significant drawback of FXCE is its unregulated status, lacking valid regulatory information
  • The platform does not provide specific information about fees associated with funding methods
  • No clear dispute resolution mechanisms
  • The absence of regulation means there is no external oversight or authority ensuring the company's compliance with industry standards or providing investor protection

Summary

FXCE

FXCE

FXCE is a unique forex broker that offers a variety of services to its clients. The company is based in Saint Vincent and the Grenadines and operates under the Business Corporations Act, with registration number 357 LLC 2020.

One of the standout features of FXCE is its Capital Funding Program, known as FXCE Direct. This program allows traders to participate in the market using funds provided by FXCE, rather than their own capital. This can be a great opportunity for traders who are looking to get started in the market without a large initial investment.

In addition to this unique funding program, FXCE also offers a variety of trading platforms and educational resources. The company uses the MetaTrader 5 platform, which is known for its advanced trading features and user-friendly interface. They also provide a Social Trading Platform, allowing traders to connect and learn from each other.

FXCE also offers a variety of educational resources to help traders improve their skills and knowledge. These include a trading academy and a blog, which provide valuable information and insights about the forex market.

Despite these features, it’s worth noting that FXCE is not currently regulated. This means that there is no external oversight or authority ensuring the company’s compliance with industry standards or providing investor protection. As such, traders should exercise caution when dealing with unregulated brokers.

Overall, FXCE offers a unique approach to forex trading, with a focus on providing traders with the tools and resources they need to succeed in the market. Whether you’re a beginner or an experienced trader, FXCE has something to offer you.

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Our #1 Broker 2023

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

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

Regulation

FXCE LLC is a financial service company that is registered in Saint Vincent and the Grenadines under the Business Corporations Act, with the registration number 357 LLC 2020. However, it’s important to note that being registered in a country does not necessarily mean that the company is regulated by a financial authority.

Regulation in the financial world is crucial as it provides traders with a level of protection. Regulated brokers are required to adhere to strict standards and practices. They are monitored to ensure they are following these rules. If they fail to do so, they can face severe penalties.

However, it appears that FXCE is not regulated by any recognized financial regulatory authority. This means that while they are a registered company, they are not overseen by anybody which ensures they are adhering to best practices in the financial industry.

This lack of regulation could potentially mean a higher risk for traders, as there is less oversight and fewer protections in place. Therefore, it’s always recommended that traders do their due diligence and consider trading with regulated brokers. Please see a list of regulated brokers for some alternative options.

Platforms & Tools

These platforms tools are designed to cater to a variety of trading styles and levels of experience, providing a comprehensive suite of resources for both beginners and seasoned traders.

  • MetaTrader 5 (MT5) Platform: FXCE offers the MetaTrader 5 platform for trading. This platform is widely recognized in the trading world for its advanced features and superior charting capabilities. It provides a robust environment for traders to navigate the global financial markets and make informed trading decisions.
    MT5 Trading Platform

    MT5 Trading Platform

  • Social Trading Platform: In addition to MT5, FXCE provides a Social Trading Platform. This platform allows traders to observe and learn from the trading strategies of others within the community. It’s a great way to gain insights from other traders and potentially apply successful strategies to your own trading.

In addition to their platforms, they also offer valuable tools for traders to use to enhance their trading.

  • Copytrade Engine: FXCE also offers a Copytrade Engine. This tool enables traders to automatically replicate the trades of successful traders. It’s an excellent resource for those new to trading or those looking to leverage the expertise of more experienced traders.
  • EA (Expert Advisor) Library: FXCE has an EA Library. This is a collection of automated trading systems, or “robots,” that traders can use to automate their trading strategies. This tool can be a significant time-saver, allowing traders to execute trades even when they’re not physically present.
  • Economic Calendar: An economic calendar is a key tool for any trader. It provides information about major economic events that can impact the financial markets. FXCE offers an economic calendar to help traders stay informed and plan their trading strategies accordingly.
  • FXCE Trading Analysis: This is a tool provided by FXCE for beginners and experts alike. It offers an overview of trader performance metrics, helping users understand market trends and make informed trading decisions.

Education

FXCE offers a variety of educational resources to help traders at all levels improve their trading skills and knowledge. Here’s a rundown of what they offer:

  •  Trading Academy: FXCE’s Trading Academy provides both online and offline training courses. These courses are designed to enhance traders’ knowledge and skills, providing educational material and resources that cater to different levels of trading experience.
  •  Blog: FXCE maintains a blog where they post articles on various trading topics. These articles cover a range of subjects, from basic analysis for beginners to more advanced topics for experienced traders. The blog is a great resource for traders looking to expand their knowledge and stay updated on market trends.

Markets

FXCE offers a wide range of markets for traders to explore. Whether you’re into traditional markets or more modern ones, there’s something for everyone. Here’s a quick rundown:

  • Forex: Also known as FX or foreign exchange, this is the market of global currencies. FXCE offers over 60 choices of currency pairs for traders, giving you a lot of options to choose from.
  • Indices: Indices are a popular choice for traders who want to speculate on the performance of a specific stock market index. It’s a great way to get exposure to a broad market sector with a single trade.
  • Shares: If you’re interested in trading individual company stocks, FXCE has got you covered. You can trade shares from some of the biggest and most well-known companies in the world.
  • CFDs: Contract for Difference (CFD) trading allows you to speculate on the rising or falling prices of fast-moving global financial markets. It’s a flexible way to trade on price movements without owning the underlying asset.
  • Precious Metals: Trading precious metals like gold and silver can be a good way to diversify your trading portfolio. These markets can sometimes move in different directions to other markets, providing potential opportunities in different market conditions.
  • Commodities: Commodities trading involves trading on the price of raw materials like oil, natural gas, and agricultural products. It’s another good way to diversify your trading.
  • Cryptocurrency: Cryptocurrencies have become increasingly popular in recent years. FXCE offers the opportunity to trade on the price movements of various cryptocurrencies.
  • Contract Specification: This is a detailed document that outlines the specific terms of the contract you’re trading. It’s important to read and understand the contract specifications before you start trading.

So, whether you’re into traditional markets like forex and shares, or you’re more interested in modern markets like cryptocurrencies, FXCE has a wide range of options for you to choose from.

Accounts

FXCE offers a variety of account types to cater to different trading needs and styles. Here’s a quick look at what they offer:

  •  Demo Accounts: FXCE offers two types of demo accounts: Demo Pro and Demo Direct.
    • Demo Pro: This account is designed for you to experience the features of FXCE. You can freely choose the capital amount and leverage, and it offers a variety of trading products, including cryptocurrencies, FX, metals, indices, and more. It also allows for signal trading, enabling others to copy your trades.
    • Demo Direct: This is an exclusive demo account offered by FXCE for capital evaluation based on specific conditions set by FXCE. The default capital is $10,000 with a leverage of 1:30. Trading products include gold and FX. This account can also be used for signal trading.
  •  Cent Accounts: FXCE offers two types of Cent accounts: the default Cent account and the Infinity Cent account.
    • Cent Default: This account requires a minimum deposit of $10 and a maximum deposit of $500. It offers free commission, up to 1:1000 leverage, and allows trading in gold and FX products.
    • Cent Infinity: This account also requires a minimum deposit of $10 and a maximum deposit of $500. It offers free commission, infinity leverage, and allows trading in gold and FX products. Note: The Infinity Cent account will reduce leverage to 1:200 both before and after news releases, with a 15-minute buffer period.
  •  ECN Account: This account offers raw spreads starting from 0 pips. It requires a minimum deposit of $50 and offers leverage of up to 1:500. It allows trading in diverse products: Forex, Indices, Cryptocurrencies, Stocks, and more.
  •  STD Account: This account does not charge commission fees. It requires a minimum deposit of $50 and offers leverage of up to 1:500. It allows trading in diverse products: Forex, Indices, Cryptocurrencies, Stocks, and more.

Whether you’re just starting out or have years of experience, FXCE has an account type designed to support your trading journey.

Funding

FXCE offers two main methods for funding your trading account:

  •  9Pay Gateway: 9Pay is an e-wallet service that allows for quick and efficient transactions. It’s a secure digital payment solution that makes it easy to deposit funds into your trading account or withdraw profits. It’s a convenient option if you’re looking for a fast and easy way to manage your trading funds.
  •  Tether USDT: Tether (USDT) is a type of cryptocurrency known as a stablecoin, which is pegged to the US dollar. This means that its value is designed to be as stable as the dollar, making it a good option for traders who want to avoid the volatility often associated with other cryptocurrencies. With FXCE, you can use USDT to deposit funds into your trading account or withdraw profits.

Conclusion

In conclusion, FXCE offers a variety of trading platforms, tools, and educational resources to cater to different trading styles and levels of experience. However, it’s worth noting that while FXCE offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading brokers reviews.

FXCE Logo

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FXCE is a financial broker based in Saint Vincent and the Grenadines, offering trading services in various markets, including Forex, Metals, Indices, Commodities, Cryptocurrency, and Shares. The broker utilizes the MetaTrader 5 platform for trading, with spreads starting from 0 pips and a maximum leverage of up to 1:500.

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


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