FXCC Broker Reviews and Full Information

What is FXCC?

FXCC also known as FX Central Clearing is a Cyprus established brokerage company that aids forex market professionals with trading currencies as well as indices, cryptocurrencies, and metals using the latest technology. The firm is based on the ECN/STP trading platform and every order is routed and match in the electronic network using those liquidity pool of the institutional companies and market quotes.

The best part is that FXCC made use of technology to provide an efficient and clear pricing, which comes with likely lower spreads. Furthermore, there's an array of ECN trading accounts specifically designed to meet your needs and preferences.

FXCC Pros and Cons

FXCC Forex broker is a reputable broker that has been acknowledged by many traders across the world , and also by the numerous awards they are awarded. FXCC broker offers devoted support by a professional team, and a an excellent trading environment built on high-quality technology. FXCC has a good range of instruments and spreads are in the middle.

On the other hand the tools for education are quite limited , and platforms are limited to MT4 and is a bit old-fashioned.

Is FXCC an authentic and safe investment or is it a scam?

FXCC does not constitute a fraud but is a legitimate Cyprus Securities and Exchange Commission (CySEC) business that is deemed to be a as a low risk trading broker. Because it is the company is authorized through the EU States Member, the broker also automatically is operating under the EU markets in financial Instruments Directive (MiFID)along with cross-border registrations within its states which permit the supply of services in the EEA.

Furthermore, the an additional company FXCC operates is on Vanuatu. It is an offshore region. Vanuatu does not have specific obligations for its financial institutions that could make it an investment risk if the that the company is based in Vanuatu only. But, as FXCC is additionally endorsed to do business by the European regulator, it is believed as safe to trade with FXCC.

Investor Compensation Fund

The protection of investment of clients is offered in a variety of ways based on the setter and regulatory rules. These include the separation of funds of the clients in all times, the management and control of every kind of risk is in compliance with various regulations. Additionally, FXCC is a part of the Investor Compensation Fund, which safeguards the claims of the clients covered against a business in the event of bankruptcy.

Leverage

Like most Forex brokerages, FXCC also offers to leverage, a potent instrument to boost the possibility of profits due to its ability to build multiple balances on your initial account. However, leverage must be handled with caution since it boosts the power of looses, too.

Leverage levels based on the currency you trade , and determined by the regulations along with your degree of proficiency. So, European retail clients and clients who deal through the Cyprus FXCC entity are eligible to benefit from an effective leverage ratio of 1:20 on major currencies. It is 1:20 on minor ones, and 1:10 for commodities because of ESMA limitations.

But, trading through the international FXCC branch allows have access to greater leverage ratios which can reach 1:300.

Types of accounts

With FXCC account options, you can choose from the three ECN accounts separated by their level of experience, size and the specific needs. Certain accounts provide the additional benefit of no commissions, swaps or mark-ups or perhaps customized solutions specifically designed for traders who are active or who have larger size.

When you trade with an FXCC ECN account you will instantly have access to multiple currencies EUR USD, GBP, USD which are supported by low spreads beginning at 0.01 pip and the ability to trade in 30 currencies through various tools for free including SMS Notifications, VPS EAs Technical Analysis, and trading tools.

Fees

Trading using an FXCC ECN account you will instantly have access to various currencies EUR USD, GBP, USD which are supported by low spreads beginning at 0.01 pip and the ability to trade in 30 currencies using an array of tools that are free like SMS Notifications, VPS EAs, Technical Analysis and trading tools. Check out the FXCC Comparison of Spreads below.

FXCC doesn't charge commissions per trade as the costs are all presented in the spread of 0.1 per cent. It is possible to refer to the most recent spread comparison of the top instruments traded and also examine FXCC spread to another well-known brokerage Fondex.

FXCC rollover

Always take into consideration FXCC rolling over or overnight fees as a fee that is imposed for positions that are held over a period of time that is defined by each instrument individually. But, trading using an ECN XL Account Brokers guarantees no swap costs, which gives it easy to calculate and a huge benefit.

Deposits and Withdrawals

The withdrawal and deposit options offer a variety of options from different service providers that can meet the requirements of nearly all clients and are all-inclusive. The options include cards, Bank Wire Transfers, Neteller, Skrill, Neosurf, SOfort, Rapid , paysafecard, Neosurf, Yandex, Boleta, UnionPay and much more.

FXCC minimum deposit

Minimum deposits start at 100$ and in accordance with the method, could be as high as 100$.

FXCC Minimum deposit is different from other brokers

FXCC withdrawal

In addition to the range of the most popular withdrawal options, The broker also covers processing fees for withdrawals and deposits however, it is important to be sure to check with your particular payment provider for any additional fees or even a possibility.

Trading Platforms

FXCC Forex platform for trading, and the majority of the ECN brokers, based on the highly-respected MetaTrader 4. The platform is compatible with all operating platforms as well as fully compatible with EAs as well as hedging, and is equipped with sophisticated technical indicators as well as analytical objects and charting tools.

In addition the platform software has been designed to be compatible with the downloadable version that can be run on a PC and a mobile app to monitor trades at any time, Multi-Terminal for managing simultaneously multiple accounts and is also a MAM broker.

Furthermore, an extensive array of tools that aid in an everyday basis in trading as well as the interest rate that provide a complete list of the main base rates for all central banks around the world. Through the entire variety of options and complexity levels and the sophisticated nature of trading you'll definitely discover the right trading strategy by utilizing the entire array of features and advantages offered by FXCC.

Additionally, FXCC offers the option to trade using a the free VPS (Virtual Private Server) that ensures stability in any condition, speed and efficiency. The server is accessible via various accounts and platforms, which run automated software or applications and allows for continuous smooth trading.

In the end, every FXCC client is eligible to apply the free trade tools via The Traders Hub environment. It also has various additional features that you can choose from. It can be a huge benefit to all.

Education

traders of all levels and experience can get even more in depth by using the range of educational materials as well as analysis that are in two different types of fundamental and technical analysis. The daily technical analysis is available directly on the website , with the most recent information, and a an effective retest of the next enough momentum.

Conclusion

In the end, we view FXCC as a firm that offers an opportunity to trade using the STPECN model as well as quotations provided directly from those who provide liquidity. The broker has created a variety of accounts that have a variety of features and a variety of minimum deposit requirements , which let traders of various levels to begin trading with FXCC quickly. The most significant is that the FXCC controlled environment provides security and a sufficient quality of trading and provides customer service.