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General Information

Broker Name:FXCC
Broker Type:Forex Broker
Country: Vanuatu
Operating since Year:2010
Regulation:CySEC, 121/10, VFSC, 14576
Address:Law Partners House, Kumul Highway, Port Vila, Vanuatu
Broker Status:Regulated
Customer Service
Phone:+44 203 150 0832
Email:[email protected] , [email protected]
Languages:EN,ES,PT,IT,DE and others
Availability:24/5
Trading
Trading Platforms:MT4, PC Trader, Mobile Trader, Multi-Terminal
Trading Platform(s) Timezone:GMT+2
Demo Account:Yes
Mobile Trading:Yes
Web-based Trading:Yes
Bonuses:Yes
Other Trading Instruments:Currencies, Indices, Commodities, Shares
Account
Minimum Deposit ($):10,000 USD
Maximum Leverage: (1:?)1:300
Spread:Variable
Scalping Allowed:Yes

FXCC Review 2020

FXCC Logo 2020 Review Contents:

  1. Introduction to FXCC Review;
  2. FXCC Regulations and Registration;
  3. ECN/STP Broker;
  4. FXCC Trading Products;
  5. Forex Trading Account Types;
  6. MT4 Trading Platform;
  7. Deposit and Withdrawal;
  8. Customer Support;
  9. Education and Research Features;
  10. Forex Offers and Promotions;
  11. FXCC Review Summary: Is it Good Broker?

 

Introduction to FXCC Review

FXCC describes itself as “a broker on your side,” wanting you to believe that it is a broker that cares for your welfare and trading success.

And it just might be right.

Founded in 2010, this broker came out right after the tumultuous 2008 financial crisis. One would think they would have had a hard time finding a firm footing in the world of brokering. But see, it was not that hard for them, thanks to the services they provide.

What’s remarkable about this broker is its ECN/STP model. That is what gives traders access to real-time prices directly from liquidity providers. This model is pretty beneficial for traders, but we’ll delve into that later.

Moreover, the company offers many financial instruments.

FXCC offers a variety of features and services, and we are going to go through them in this review. Let’s see how this broker proves it’s always on your side.

FXCC Regulations and Registration

Let’s start with the most crucial question of all: Is this broker regulated? Is this safe?

Right off the bat, this broker boasts regulations and licenses from different countries, including the Financial Conduct Authority (the United Kingdom).

fxcc regulatory enviroment

Registrations

These registrations mean that this broker can complete transactions with clients from these countries. As a result, many banks and supervisory authorities trust it, so why can’t you?

But of course, it pays to be thorough and careful, so it also helps to do your research into these regulatory bodies and brokers.

ECN/STP Broker

FXCC is an ECN/STP broker, and that is a bit more of a confusing acronym for novices. In a nutshell, this feature evens the keel for traders. It allows for a more level playing field.

But, for those who are curious, how does it work?

So, here is what you need to know: brokers can have DDs (Dealing Desks) or NDD (no dealing desks). An ECN/STP broker is an NDD broker, which means your orders go to the interbank market without being processed by the dealing desks, where brokers sit and execute the trades and charge you a commission.

In simpler words, NDD ECN/STP brokers do not take the other side of your trade and connect you to another party, which is usually the liquidity provider.

In even simpler words, without acronyms, FXCC’s execution model means no dealer intervention. You do your trades based on prices that come directly from liquidity providers, sparing you from some fees.

More importantly, this model lets you get the best available bid/ask price combinations.

fxcc review account

FXCC Trading Products

FXCC also has a wide range of products that you can trade, including:

  • Currencies – major, minor, and exotic pairs
  • Cryptocurrencies – Bitcoin, Litecoin, and Ethereum
  • Commodities – coffee, London sugar, and more
  • Metals – gold, silver, platinum, palladium, etc.
  • Energy – crude oil Brent cash, West Texas, and natural gas
  • Indices – indices in the US, the UK, Europe
  • Bonds – euro bond futures, UK long gilt futures, US 10-year T-Note futures
  • Stocks – most significant and most popular stocks in the world

As you can see, this broker offers all of the most popular assets that a trader ought to trade. Currencies are exceptional for a short-term trade, while stocks are the best bets for the long haul.

Diversification is made more accessible, too, with metals, bonds, and indices readily available.

Now, just how good are the accounts they offer to trade these lucrative assets?

Forex Trading Account Types

FXCC is also pretty serious about offering some good trading accounts to traders. Not including the demo account, which is a staple for reputable brokers, FXCC has three account offerings:

  • ECN Standard account
  • ECN XL account
  • And also ECN Advanced account

The lowest minimum deposit is $100 (ECN XL account), but if you are feeling a little fancy, you can avail the ECN advanced account at $100,000 minimum.

All the accounts offer many similar features, such as trading tools, personal account managers, economic calendars, hedging features, expert advisors, technical analysis, et cetera.

But the ECN XL accounts offer some extra features: zero swaps, zero commissions, zero markup, and zero deposit fees. No wonder this is their most popular account type. It also offers the highest leverage—1:300.

But if you are not sure whether these accounts are any good, plus you want to test the trading platform, we already mentioned they have a demo account.

You can practice trading using $10,000 virtual funds, with access to full-featured trading platforms and real-time prices and market volatility.

MT4 Trading Platform

FXCC offers the MetaTrader4 trading platform to traders. It is the most popular trading platform right now, on par with the MetaTrader5, its successor.

Also, this broker offers the platform in different ways: PC, mobile phone, and tablet.

FXCC MT4 for PC

Traders can install the MT4 trading platform on their PCs and access the most popular platform. The PC version is complete with the most popular features, orders, and tools.

Traders can take advantage of the easy-to-use interface and comprehensive data the platform provides. They can even use programs (expert advisors) to automate their trades.

The trading platform is also compatible with both Windows and Mac operating systems. That’s another blockage out of the way.

But what if you can’t sit around your PC all day and night?

FXCC MT4 for Mobile

Of course, a broker platform offering is never complete without mobile apps device features. Traders can use the MT4 platform on their smartphones.

So, even if they’re in the middle of the road, on the train,  at a party, on the rooftop of some building admiring the cityscape, they can still manage their trades. All they need is to install the platform and connect to the internet.

And it does not matter whether you are an Android or iOS user. The platform is compatible with both OS, so no need to fret.

The MT4 is also available on tablets. So, you can choose whichever operating system is favorable for you.

MT4 MultiTerminal

FXCC also offers the multi-terminal feature of the platform, which means you can simultaneously manage multiple accounts.

It is an important feature not only for traders, but also for those who manage funds, investors’ accounts, and only those who work with multiple accounts.

MT4 enables you to trade all currency pair and other trading instruments available with broker.

multi account manager

Deposit and Withdrawal

The depositing and withdrawal options are impressive. Including Credit/Debit cards, Bank Wire Transfers, UnionPay, NETELLER, Skrill, PSE, BCP, Pago Effectivo, WebPay, Yandex, and etc. Notably, as with many other brokers, withdrawing money takes more time than depositing does. Processing is done during regular business days. Also in a footnote, FXX declares that: “As part of our ongoing dedication to our clients, we are offering a “zero deposit fee” promotion!” This means that FXCC will pay in full or partially the deposit fees charged by the payment processor when you deposit funds with us through any of FXCC’s acceptable payment methods.

Customer Support

FXCC offers 24/5 customer support via requested callback, live chat and email. The broker can also be reached in diverse social networks like Facebook, Twitter and etc.

Their customer service is said to be responsive and helpful so far.

Education and Research Features

FXCC also offers lots of instructional materials for beginners. Of course, we believe this should be a staple for all online brokers.

Other brokers may have a better selection of educational materials. However, FXCC’s library is remarkable in that it offers the most important topics on the subject of trading.

In other words, they offer what the traders need the most. That can help them kickstart their trading journeys better.

FXCC Academy

FXCC academy offers articles and trading lessons that traders can read to wrap their heads around the market. Also, FXCC gives a lot of FAQs, helping traders get answers to questions they haven’t even asked.

Forex Offers and Promotions

forex offers and promotions

FXCC also makes sure its clients get some added value to their allegiance to the broker. That may sound too much, but how about this:

That’s a whopping 200% deposit bonus. If that doesn’t look fantastic to you, you must have seen better things.

Of course, it also sounds too good to be true and high risk. But remember, this broker is regulated and registered with many reputable authorities around the world.

We’re sure there is a catch in there somewhere, so make sure you ask lots of questions before you avail to this promotion by signing up.

Other promotions include the zero commissions and zero markup rate, and free VPS. You can even refer a friend through their Refer a Friend Program and get more rewards.

FXCC Review Summary: Is it Good Broker?

12 reasons to choose FXCC

Now that we have gone through all the features and offerings of this broker, what can we say about FXCC?

It is pretty evident that trade with FXCC means business. They have done their homework, providing what features and tools the traders need.

They have also covered the essential bases of regulation and registration. So, that earns it some extra points. Traders can hold it accountable should there be any conflict and shady business.

So, the verdict? Checking out this broker’s services is quite possibly one of the most rewarding decisions a trader can make.

  • Support
  • Platform
  • Spread
  • Trading Instrument
Comments Rating 2.44 (299 reviews)


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