FXCC Broker Review

FXCC broker, or FX Central Clearing, is a Forex broker from Cyprus that started in 2010. It helps professionals in the forex market trade currencies, cryptocurrencies, indices, energies, and metals using advanced technology. The company is known for focusing on its customers by offering competitive prices and favorable trading conditions. In this review, we’ll look at FXCC’s pros and cons, regulation and security, fees, trading platform, deposits and withdrawals, account types, education, and customer support to help you decide if it’s the right broker for you.

🏢 Headquarters	Limassol, Cyprus
📅 Year founded	2010
🗺️ Regulation	CySEC (Cyprus), MISA (Mwali), MiFID
💻 Trading platform:	MetaTrader 4, MetaTrader 4 Multi Terminal, MetaTrader 4 app for iOS and Android
💰 Account currency:	USD, EUR, GBP
📊 Accounts:	ECN Standard, ECN XL, ECN Advanced
💵 Withdrawal options:	Visa/MasterCard, bank transfers, Skrill, Neteller, UnionPay, PSE, Efecty, BCP, Pago Efectivo, Pago Facil, Rapi Pago, WebPay, Oxxo, Santander Mexico, Santander Brazil, Boleto
💵 Deposit options:	Wire Transfer, Cryptocurrencies, Neteller, Skrill, Debit Card, Credit Card, Eezie Pay, Awe Pay
🚀 Minimum deposit:	$0
⚖️ Leverage:	1:1000 (MISA), 1:30 (CySEC)
☪️ Islamic account (swap free)	No
🎮 Demo Account	Yes
💱 Spread:	0, 1-0, 7 pips
🔧 Instruments:	Currency pairs, cryptocurrency, stocks, metals, indices, bonds, commodities, energies
📋 Orders execution:	Market Execution (ECN/STP)
☎ Customer Support:	24/7 customer support via live chat, email, and call
📚 Education	Yes

Fees

When you trade with an FXCC ECN account, you can automatically access multiple currencies like EUR, USD, and GBP with tight spreads starting from 0.01 pips. To see the full fee structure, check all the conditions including commissions, funding fees, and inactivity fees. Below is a comparison of FXCC spreads. FXCC does not charge a commission per trade. All costs are included in the spread, which starts from 0.1 pips. You can compare the current spreads for the most traded instruments and see how FXCC spreads stack up against those of BlackBull Markets. Remember to consider FXCC’s rollover or overnight fee, which applies to positions held for more than a day and varies by instrument. However, trading with an ECN XL Account comes with no swap charges, making fee calculation easier and offering a great benefit.

Pros and Cons

Pros	Cons
Cyprus-based broker regulated by CySEC	Operates an offshore entity
Good reputation with over a decade of operation	Conditions vary by jurisdiction
Expanding globally	Only offers FX and CFD trading
Low spreads and fees	Weak educational section
Competitive trading conditions	No 24/7 support
Free VPS tools
No minimum deposit requirement
Client account protection

Regulation and Security

FXCC is registered in Vanuatu with registration number 14576 and regulated by the VFSC and CySEC. FXCC is also registered in 26 European Union countries under the Markets in Financial Instruments Directive (MiFID). It keeps client funds safe by using segregated accounts.

Is FXCC regulated?

Yes, FXCC is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is considered a low-risk trading broker. Since the company is authorized by an EU Member State, it operates under the EU Markets in Financial Instruments Directive (MiFID) and has cross-border registrations in EU states, allowing it to provide services within the EEA. FXCC also has an entity in St. Vincent & the Grenadines. While St. Vincent & the Grenadines is an offshore zone with less strict financial regulations, FXCC is still considered safe to trade with due to its authorization by the European regulator.

Trading Platforms

FXCC Forex trading platforms are built on the popular MetaTrader4. The platform works on all operating systems and supports EAs, hedging, and advanced technical indicators, analytical tools, and charting features. FXCC offers software that can be downloaded for PC, used as a mobile app for trading on the go, and includes a Multi-Terminal for managing multiple accounts at once. It is also a MAM Broker with additional benefits. All FXCC clients can access free trading tools through the Traders Hub, which provides various helpful features. These tools include VPS, SMS notifications, EAs, technical analysis, and trading tools. Additionally, the platform offers interest rates from global central banks. FXCC provides free VPS (Virtual Private Server) access for stable, fast, and high-performance trading. This dedicated server can handle multiple platforms and accounts, run automated programs, and ensure smooth trading operations.

Deposits and Withdrawals

• To withdraw money, go to the corresponding section of your user account and submit a request. You can make unlimited withdrawals, but each must be at least $50. Fees apply and vary depending on the payment system.
• You can deposit or withdraw money using Visa, MasterCard, bank transfers, Skrill, Neteller, UnionPay, PSE, Efecty, BCP, Pago Efectivo, Pago Facil, Rapi Pago, WebPay, Oxxo, Santander Mexico, Santander Brazil, and Boleto.
• Electronic payment systems speed up withdrawals. Transactions with bank cards take one day, while bank transfers may take up to a week.
• You can deposit or withdraw funds in EUR, USD, and GBP.
• You need to verify your account to make a withdrawal.

Account Types

FXCC offers various account types for both experienced and new traders. Each account has different minimum deposits, leverage, and the number of trading instruments. All account types include features like hedging, advisors, free VPS (virtual private server), and a personal manager.

• ECN XL: This is the most popular account type. It requires a $100 minimum deposit, offers up to 1:300 leverage, and includes 30 trading assets.
• ECN Standard: This account requires a $10,000 minimum deposit, offers up to 1:200 leverage, and includes 30 trading assets.
• ECN Advanced: This account requires a $100,000 minimum deposit, offers up to 1:100 leverage, and includes over 200 trading instruments.

Education

Traders of all levels can deepen their knowledge through a variety of educational resources. These include both technical and fundamental analysis. Daily technical analysis is updated on the website with the latest information and a successful retest of the next momentum.

Customer Support

FXCC offers excellent customer support available 24/5 through email, Live Chat, and international phone calls. Support is provided in multiple languages, ensuring clients from around the world receive quality assistance. After reviewing FXCC, we find that the company offers trading with the STP/ECN model and quotes directly from liquidity providers. They have created different types of accounts with various features and minimum deposit requirements, making it easy for traders of all levels to get started. FXCC operates in a regulated environment, which ensures a safe and supportive trading experience. However, for better transparency, we recommend signing up with a European entity.

FAQs

Is FXCC safe or a scam?

FXCC is not a scam. It is a regulated broker with a European license, which ensures safety for trading and protection for clients. It also provides negative balance protection in case of insolvency.

What is the minimum deposit requirement at FXCC?

The minimum deposit at FXCC usually starts at $100 or the equivalent in other currencies. The exact amount may vary depending on the account type you choose.

What trading platforms does FXCC offer?

FXCC offers popular trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms provide a reliable and feature-rich environment for trading.