FXCC Review – is FXCC Scam or Legit Broker?

FXCC

2.8

Rating

2.8/5

Pros

  • Demo Trading Available
  • Highly Responsive Support
  • CySEC along with FCA law

Cons

  • Limited Number of Instruments
  • No Bonuses or Promotions
  • Too Much Clutter on Platform Pages

FXCC is a trustworthy forex brokerage that acquired the 20 17 UK Forex Awards to its Traders number 1 Choice. The CySEC regulated brokerage additionally keeps FCA regulation and licensing and is independently audited by Deloitte. FX Central Clearing Limited works through the European Union, Due to MiFID passporting rights.
Among the others, traders may like the complete spread of financial tools, especially Forex majors, minors, and exotic currency pairs, for example a vast selection of CFDs. Customers have use of a live account, and a demo trading accounts, together with competitive quotes, tight spreads, ECN Forex trading, and also unmatched rate and security. FXCC enables the absolute minimum size of 0.01, together with $0 prices, and also rapid withdrawals. Forex, indices, and alloys are all available, together with live quotes, daily analysis, calculators and an economical calendar to help customers.

Overview/ desktop

FXCC (FX Central Clearing Ltd) was created this season by leading players from the Forex marketplace. They pooled their talents to produce a supreme quality Forex service for clients worldwide. The business is situated in Limassol, Cyprus. The several tenets of all FXCC include equity, transparency, and confidence. The ECN/STP version that FXCC works on is aimed towards hedge fund managers, company partners, daily traders, along with professional traders.

The utilization of directly through processing technology permits customers to immediately set orders that are subsequently delivered directly to financial institutions that are professional. There’s not any conflict of interest and also no mark upon the trades processed. The supply of live streaming marketplace information, pricing and indicators allows for instantaneous confirmations of trades, without a re-quotes without a coping desk. The business espouses a customer-centric method into the monetary marketplaces.

In relation to law, FXCC is fully licensed by the Cyprus Securities and Exchange Commission (CySEC) together with permit #121/10. Inside the UK, FXCC is Licensed by the Financial Conduct Authority (FCA) with enrollment #549790. Complete passporting rights are supplied by the EU Markets in Financial Instruments Directive in order that countries across Europe can obtain a vast selection of Forex trading products and services.

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Account Types

FXCC includes multiple account types for example the ECN benchmark accounts, the ECN XL accounts, and also the ECN account. Each account type offers exceptional profits to traders.

ECN Standard Account – the absolute minimum deposit of 100 is required. You can find 30 financial spreads and instruments as much as 0.1. Traders have usage of leverage of 1:300 with minimal plenty of 0.01. Free VPS, SMS, EAs, technical analysis, trading applications, personal account managers, economic calendars and hedging capability are all given.

ECN XL Account – the absolute minimum deposit of 500 is required, also you will find 30 financial tools readily available with these accounts. Spreads begin at 0.1 and leverage of 1:200 is acquired. The minimal many are 0.01. Personal accounts managers, completely free trading applications, free technical analysis, free financial calendars, totally free VPS along with SMS, expert advisers and hedging are readily available. Additional profits comprise zero deposit penalties, zero mark up, zero swaps, without any commissions.

ECN Advanced Account – that the complex accounts are tailored towards professional traders and also demands only a minimum deposit of $100,000. You will find 50 financial tools readily available, together with spreads starting at 0.1 and leverage of 1:200. The minimal lots amount is 0.01. Much like the ECN XL Account, you’ll find various free tools and services out there.

Each of those account options is available at a secure demo account also. The demonstration accounts are given as a courtesy of traders, to try out the fiscal marketplaces under real-world trading requirements. Customers are awarded $10,000 in demonstration trading capital, and get accessibility to economic information & analysis and analytical purposes, and also the globally recognized MetaTrader 4 Forex trading platform.

Trading Platform/ applications

The trading programs are intended for customers on PC, iPhone & iPad (iOS apparatus ), and Android. The main trading platform would be MetaTrader 4. MT4 is offered in a totally free demo account, or perhaps an account. Together with MT4, customers have access to the complete package of Forex trading solutions, having the capability to enter/exit trades immediately. Further, you may use third-party applications or program your robots to trade to you personally. MT4 includes 50 economic indicators that are intended for helping traders comprehend the monetary marketplaces. Other characteristics include full analytical functionality, graphs, style analysis, and 9-time frames. Various alarms are assembled into the platform, to help FXCC traders onto a completely bonded trading platform. The MQL4 terminology has been enriched using customized indicators, libraries, scripts, and much more.

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MetaTrader 4 is designed for Multiterminal usage with 1-click accessibility to one platform over multiple accounts. Traders can readily manage all buy/sell activity from multiple accounts at precisely the equal moment. This trading platform requires Windows 2007 or even 2008, Vista, or even Windows XP. Smartphone and tablet computers is available for Android along with iOS apparatus. Customers just will need to download the cellular trading platform, install this, and also log in. You’ll find some 30 technical signs with this particular potent trading platform. The programs are downloaded in the App Store, or even the Google Play Store.

Deposit options

FXCC supports a selection of deposit and withdrawal procedures. These include Visa, MasterCard, bank wire transfer, NETELLER, Skrill, NEOSURF, Sofort, Paysafecard, along with China UnionPay. Deposits with Visa and MasterCard are normally accessible within the summertime, whilst banking cables usually take medially 5 business days and seven days to clean. The rest of the residue might be completed over 1 hour.

Markets

The assortment of financial tools comprises Forex, indices gold, silver, and stone. Within each of those broad classes of financial tools is a large number of options offered to traders. These contain the subsequent:

Forex – AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, EUR/GBP, EUR/NZD, GBP/JPY, GBP/USD, USD/JPY, USD/CAD

Commodities – place gold and place silver

Indices – NASDAQ and the Dow Jones

Bonuses

FXCC will not now provide any promotional or bonuses supplies to customers. Customer service advocates that customers enroll with the enterprise to remain informed concerning the most recent bonuses or bonuses that might become available.

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Customer Support

By clicking the Contact FXCC button, then you may be redirected towards the consumer support center. Customer care is obtained via email, live chat and telephone number. This contact information is currently offered to traders:

  • Email – [emailprotected]
  • facsimile variety – 357-25-030523
  • phone number – 357-25-870750 or 357-25-025001

The consumer support team works twenty-four hours every day medially Monday and Friday. Additional contact options incorporate the web contact form that functions as an internet email direct from the website. You only input your own details, cell phone number along with your own question. FXCC is busy on societal networking platforms, for example Facebook, Twitter, LinkedIn, Instagram and also a blog.

Safety

Safety and security have been ensured at FXCC, as a result of full law and licensing with a Cyprus Securities and Exchange Commission (CySEC), both the Financial Conduct Authority (FCA), and also complete passporting rights throughout MiFID. The business has outside auditors to confirm trades (Deloitte) and client accounts have been kept separately from company capital. 128-bit secure socket layer encryption is in drama and complete verification is required to process withdrawals and deposits.

Ease of Use

FXCC which makes it straight forward to navigate upon the website, using platforms, trading, education & research, and Forex offers. Customers just should click their favorite trading platform, financial tools, and also start trading.

Final Thoughts

The assortment of tradable tools only at that fully regulated brokerage sits around 3 dozen. While that is less than many competitions, the assortment of Forex pairs insures probably the many heavily traded options having several surprises thrown into.

Internet Site:
www.fxcc.com
Telephone:
357 25 870750
Legislation:
CySec
Pairs provided:
AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, EUR/GBP, EUR/NZD, GBP/JPY, GBP/USD, USD/JPY, USD/CAD
Minimum Deposit:
$100
Spreads From:
0.3 PIPs
Max Leverage:
300:1
Markets:
indices, Forex, commodities