FXCC

FXCC broker is comparatively a NEW GENERATION broker founded in 2010. Since being a modern broker FXCC aligns with the choice and flexibility of the young generation of traders. Even the market scalpers or trading experts find it profitable to trade on the FXCC website.

FXCC has brought into the trading industry an immensely unique niche to stimulate traders from newbies to experts to trade with FXCC PLATFORM.

The 0 commission trading facility, 1:500 max leverage, 0.0 pips spread, and no minimum deposit requirement have certainly brought in a milestone in the trading world.

A trader doesn’t need to be worried about the reliability or transparency of the broker.  As per the CySEC and VFSC regulations, FXCC is offering security to clients’ funds even the personal information is kept secret.

Though the broker is only a decade-old broker of the Forex trading era, it has been ornamented with a bunch of prestigious awards. The most trusted and publicly participated review website TrustPilot has marked FXCC broker as an excellent broker with 4.5-star ratings.

Awards Of FXCC Broker: For outstanding services and for being a transparent and client-oriented broker FXCC has gained a couple of awards like the Global Banking & Finance Awards ( 2018 EUROPE, 2018 TRADING ACCOUNT, XL ACCOUNT, EUROPE); JFEX Awards (2018 BROKER, 2018 TRADING ACCOUNT “XL ACCOUNT”); MENA Forex SHOW Awards ( 2018 TRADING ACCOUNT “XL ACCOUNT”, 2018 FOREX BROKER); World Finance Magazine Awards ( 209 BROKER, 2019 TRADING ACCOUNT “XL ACCOUNT”)

Is FXCC Safe or a Scam?

FXCC.com started its journey in 2010 with the vow to deliver a trustworthy, transparent, and fair trading service in the industry. As a trustworthy broker and for offering the Best Forex Trading Account FXCC.com has gained numerous awards including the UK Forex Awards.

The broker was established in 2010 and until today it has achieved a decade of trading experience and we have noticed a deliberate afford from the broker’s end towards offering the lowest fees and easiest trading services.

FXCC’s business model is based on STP/ Straight Through Processing. Which indicates orders are sent directly to the Financial Institutions. As a result, trade execution becomes reliable since it eradicates any conflicts of interest or price mark-ups.

FXCC Regulation and Security

FXCC is regulated by Cyprus Securities and Exchange Commission (CySEC) with the license number 121/10 and the broker is owned by FX Central Clearing Ltd. The CySEC regulation doesn’t allow traders from the USA although it allows traders from any destination.

Swap Rates

A swap rate is a trading cost that is applied to leveraged overnight trading positions. Swap rates have a huge impact on the overall trading fees if your trading strategy includes overnight trading on leveraged positions.

Some noteworthy points about FXCC swap rates are-

• FXCC pays traders for qualifying the positive swap or swap short positions held open overnight
• Unlike other brokers, FXCC transparently shows its traders the very recent swap rates on its every trading instrument.
• A 1 lot of standard buy/sell position of the same currency pair will have different swap charges- if it is holding open for 1 night and one week.

Let’s say- with 0.0 pips spread for 1 lot EUR/USD currency pair has swap long charge  $6.142 and swap short charge is -$2.781. And this cost is set for one overnight. But if you keep open for 7 consecutive nights then swapping the long position will cost  $42.99 and swapping the short position costing is -$19.46.

FXCC Leverage

FXCC offers maximum leverage up to 1:500 on Forex, indices, and commodities through its Vanuatu branch. Whereas Bitcoin traders get 1:40 leverage and in the case of other cryptocurrencies it is 1:10.

These highly competitive leverage offerings are best for the traders to know clearly how to manage risk since this also ends up providing a trading edge.

But being a highly professional broker, FXCC gets traders back by offering negative balance protection. This ensures a trader gets the facility of not losing the entire equity balance or full deposit of his trading account.

Trading materials/instruments review of FXCC?

Traders have different choices in terms of selecting trading instruments. But a broker offering few trading materials can’t satisfy a big portion of traders having the urge to try a different and wide variety of instruments.

So if you are an ECN XL account holder of FXCC.com then you are getting –

• Currency pairs 71 pairs
• Cryptocurrency pairs 12
• 12 indices
• Commodities
• Spot metals

FXCC Account Types

FXCC is providing fully dedicated one type of trading account only. If you hover over the FXCC website then you will notice that FXCC is only solely dedicated to ECN XL account type. And ECN XL account is the number one choice voted by traders and industry professionals.

If you are a person looking for an ideal trading platform that will cost you the least amount of money then you can consider the features offered by the ECN XL account.

So what are the exclusive features offered by the ECN XL account of the FXCC broker? Let’s jump into the details of the account-

1. As the base currency, you will get multiple options like USD, EUR, and GBD
2. A trader can start trading with any amount of deposit of his choice since the ECN XL account doesn’t ask for any minimum deposit balance.
3. Although there is no copy trading facility as a trader you can get an experience of the account type by practicing trading on a demo account
4. You do not need to be cautious thinking about the availability of the trading instruments of ECN XL account type. FXCC is offering a quite satisfactory amount of trading instruments. For instance, you will be offered to trade from 71 FX Pairs, 12 Indices, 8 Cryptocurrencies, and 7 Commodities.
5. Per single trade, a trader is delivered a minimum 0.01 lot size and a maximum 500 (Forex)   
6. You can continue trading without the tension of paying the commission charge. So with 0 commission charge, you can execute your trading, and the decimal pricing is quoted to up to 5 places.
7. But if you have the habit to keep open your trading positions overnight then a swap or rollover fee will be imposed on your trading.
8. And last but not the least, the leverage ratio isn’t fixed by the broker since depending on the regulation and regulatory area the leverage varies from place to place.

FXCC Demo Account Review

FXCC is providing an unlimited demo account so that traders can practice new strategies and algorithmic trading.

But as an educational tool, a demo account isn’t effective solely. Since a demo account can’t be like a live account. The currency rate spreads and trading strategies you are practicing in a demo account environment will rarely give you the actual live trading atmosphere.

So if a completely new trader wants to practice on an FXCC demo account and start trading in a live account with confidence then he might get disappointed. As the live trading account seems completely different from a demo account.

So our suggestion is, to practice trading on a live account in a micro lot with a small amount so that if the trade goes negative it doesn’t make you lose a big sum of money.

FXCC Trading Platform

FXCC broker only supports MT4 trading terminal which is out-of-the-box and offers automated trading. MT4 is well known as one of the most versatile mostly traded trading platforms.  To enhance the trading experience you can upgrade to the MT4 advanced platform providing a third-party fee. A more in-depth introduction to the MT4 trading platform which FXCC is focusing on has made traders highly eager to stuck with the FXCC MT4 trading platform for longer-term success.

Some of the special features of FXCC MT4 trading platforms are-

• The platform can be run on different mediums or devices like iOS iPhone, Web, Windows, Linux, Mac, iOS, and iPad
• Charting package, scalping, hedging, mobile alerts, e-mail alerts, and one-click execution are provided
• Web-based and mobile trading is allowed with interest on margin is included
• But MT5 trading platform is not supported by FXCC.

Unique Features

• Different  Strategies allowed

Unlike other brokers, FXCC.com broker is fully open-minded to allow different strategies. For instance, the broker is allowing different trading strategies like hyperactive, scalping, news trading, and so on.

• Transparent broker

FXCC broker is so transparent in terms of trading fees and commissions. It delivers the executable spreads list in real-time. All the charges and costs are disclosed by the broker on its disclaimer page.

• Lowest spreads and commissions

Traders prefer to choose a broker which costs the least for trading. So in this sense, FXCC would be an ideal choice for traders who don’t want to spend extra on trading fees. If you choose FXCC you do not need to pay any commission charge to trade on the ECN XL account. Moreover, the spreads offered are tight starting from 0.0 pips. The ECN XL can be identified as ‘’Zero’’ account since it doesn’t even require you to deposit any fixed minimum amount to start trading.

• Top-notch partnership program

FXCC has a top-notch partnership program and under this program, you are getting high-end commissions, a wide range of marketing materials, a tailor-made partner portal, global payment options, and advanced tracking. Therefore, we do notice that FXCC takes a personal approach in terms of assisting its traders.

And if you are a regional trader of the broker then you will get assistance with marketing plans and even support in marketing budgets.  

• Swap-Free Accounts facility

A trader residing in Islamic countries gets the facility to use a swap-free account. A swap-free account holder is not required to pay any commission charge or administrative fees. Certainly, to use the Islamic or swap-free account a trader doesn’t need to pay any charges. So if you are a resident of any Sahara law-based Islamic county then you can request a swap-free account. But bear in mind that only FXCC can decide whether they will allow you to use the swap-free account or not.

Research And Education

FXCC is providing technical analysis and signals to its clients. Well-presented signals are found in the research and education sector of the broker. And for currency pairs like EUR/USD, USD/JPY, and GBP/USD daily brief analysis of each of the 3 currency pairs are provided to assist the traders to take a position.

In its market analysis section, we will find blogs on market content. FXCC uploads blogs on market analysis often so you may keep your eyes over there for newer blogs.

On the three most popular currency pairs- EUR/USD, USD/JPY, and GBP/USD, FXCC offers in-house research. Further, as a new trader, a client will get 14 educational posts including dedicated major economic reports.

Moreover, 11 eBooks have made the FXCC education section fulfilled with contentment. The impressive product collections, 5 MT4 user guides, Forex glossary section, and sound educational offering have also made the research and education section of FXCC strong enough to fulfill its vision to assist clients in trading.

Although FXCC isn’t providing any interactive video content or lessons still its blogs, articles, user guides, eBooks and economic indicators have added sufficient value to its overall educational and research section.

Customer Support

 A 24/5 constant customer support is provided by FXCC broker which has different forms like via email, live chat, phone, web form, and fax.

The broker supports multilingual customer support in languages like English, Portuguese, Spanish, Chinese, Arabic, German, Italian, Turkish and French.

Besides you can learn about the broker and its services through its seven different social media accounts or channels.

And most possibly you will find out your questions answered in its FAQ section. And in case of any further details or a technical issue you can ask for support in any of the methods aforementioned.

FXCC swiftly delivers customer service to its honorable clients so that trading remains always handy and time-saving to its clients.

The official website address of FXCC is www.fxcc.com, the email address is info@fxcc.net, and the Telephone number is +44 203 150 0832. And the company address is 2 Samoa Street, 4043, Limassol, Cyprus.

Bonuses and Promotions

Although the FXCC broker didn’t set up any no deposit bonus for the traders but as a 1^st-time trader you will get a 100% deposit bonus which is a maximum $2,000 limit.

We do emphasize rechecking the Terms & Conditions of any bonus program before accepting and heading towards trading. So read before accepting the incentive offered by FXCC.

Among other bonuses and promotions, FXCC might occasionally offer a $50 no deposit bonus.

FXCC Pricing

To trade with an FXCC broker a trader doesn’t need to pay any commission charge even though the deposit process is completely free. Without any kind of fee required an investor gets lots of trading facilities featuring the MT4 platform, a wide range of trading instruments, advanced Forex tools, and attractive Forex offers.

A MetaTrader 4  platform is mostly used and it is the most origin trading platform since the beginning of forex trading. The platform MT4 has many helpful tools like mobile trading, algorithmic trading, support in different devices like android, pc, tablet, and apple devices, a flexible trading system, and wide technical analyses.

If you decide to trade on the FXCC platform it will be a winning game for you. Because you will get different variations of trading instruments. Among them, some examples follow-  Cryptocurrencies like Bitcoin, Litecoin, Ripple, ZCash, Monero, Ethereum, Bitcoin Cash, and Dash; 70+ Forex pairs including majors, minors, and exotic; metals- spot gold, spot palladium, spot silver, with US dollar versus and in terms of spot gold it is paired with Euro.

 Indices like US Wall Street 30, US Tech 100, US 500, and US Tech 100. Therefore indices from different countries like Spain, Japan, Australia, Hong Kong, Switzerland, Germany, France, and Spain. If you want to trade energy then you will get options to trade spot US crude oil, Spot UK brent oil.

It so crucial demand of every trader of trading on a platform that is fulfilled will all the advanced, modern, and handy trading tools. So what are the tools FXCC is offering its traders? Well, a trader will get Forex Calculators, market hours, live quotes, current trading positions, roll call, and interest rates. All the tools are provided to enable a trader to be up to date with the latest forex trends. Overall the trading tools are dedicated to providing insights into Forex trading.

Apart from an ideal and amazing trading account ECN XL, FXCC has something more in its bucket to offer its Forex traders. As FXCC is an up-to-date broker, a client will get an attractive deposit bonus also a Free VPS service.

The Virtual Private Server or VPS delivers three top advantages speed, security, and accessibility.

 How to Open an Account of FXCC?

Opening an account on the FXCC broker’s website is a fully online-based swift system. You do not need to go through any hard procedure or visit the company office to open an account.

All you need to do is visit the official address of the broker www.FXCC.com and click on open an account. Input your name, email id, and phone number. Otherwise, you may sign up using a Microsoft account, Google id, or Facebook.

After opening an account you need to verify your id since FXCC is a transparent and regulated broker. And it adheres to the regulatory body’s terms and conditions. Indeed, as a regulated broker, FXCC follows the regulatory body rules to ensure clients’ security and privacy.

To provide account balance safety, FXCC keeps its clients’ funds separated from its system money and stuff account. All the clients’ funds are kept in a secure and guarded segregated account so that clients’ funds continue to be unaffected by any system crush or unprecedented hacking.

So finally, to open your trade position follow these rules to make your id verified-

1. For your identity verification upload a photo id. It could be your National Identity card, driving license, or passport information page.
2. To verify your location or residence FXCC will ask you to upload a picture of any residency proof. That can be your local bank account peppers, rent proof of your house or utility bill of recent months, or birth certificate. So you can upload any document picture which proves your residency.

After successfully uploading the required document photos your id will be verified within a few minutes. So without further waiting, you will be able to execute a trade position on the FXCC.com website.

FXCC Deposit and Withdrawals

FXCC deposits are out of any fees which means you can deposit any amount of money without paying attention to its correlated costs. But in terms of withdrawal, it’s not free. An internal fee or third-party withdrawal fee is charged depending on the payment methods of the withdrawal.

FXCC supports almost every popular and local deposit and withdrawal payment method. Some of the methods namely VISA, Skrill, web pay, MasterCard, UnionPay, OXOX, Bank Wire Transfer, NETTLER, BCP, Santander, BOLETO BANCARIO.COM, Neosurf, Yandex, rapipago, efecty, PAGO, Pago Efectivo, Yandex, monetaru, NETBANX, pse.

Here you should also notice that the fees can fluctuate on different occasions or during market updates. So it’s wise to check the website and take the live chat help to evaluate the actual pricing of your target withdrawal payment method.

FXCC Minimum Deposit

FXCC broker didn’t fix any minimum deposit amount for the traders. As per your budget and trading plan you can deposit the trading amount and execute the trade.

FXCC User Experience

The overall user experience of FXCC clients is satisfactory and our research based on the most popular review sites has enabled us to confirm the news. FXCC got a 4.6 TrustPilot score which is excellent and reassures the broker as a trustworthy and good Forex Broker.

A newbie trader who wants to start trading in flexible trading conditions, especially without facing a demand of depositing a large amount of balance, will love the ideal ECN XL account of FXCC.

To trade on the FXCC platform a trader doesn’t need to pay any commission fees, deposit fees, or account platform fees. Moreover, when it comes to deposits a trader can start trading with any amount since there’s no fixed rule on depositing a certain amount. And in our perspective, the “no fixed deposit amount” is one of the finest features of an FXCC broker.

User experience goes high when they find trading spreads starting from 0.0 pips on some assets. Therefore, the cost-saving trading platform features and a constant 24/5 customer service provide full ease and support to its clients.

Bottom Line on FXCC

In one word FXCC broker review is positive and it is an ECN broker with access to huge liquidity.  The broker Is offering completely commission-free and 0 spreads trading. Even a trader does not need to pay any definite minimum deposit balance to open a trade position on the FXCC platform.

The most fantastic side of the FXCC review is a trader will not get troubled to adopt any new trading strategy or an existing strategy of the platform.  Because FXCC allows all types of trading strategies.

FXCC also has profound educational lines- eBooks, technical analysis, blogs, signals, and indicators.  As a new trader, you won’t feel overwhelmed on how to start trading and how to apply or develop a trading strategy. In reality, you will get 24/5 customer care support via live chat, phone, or email and start trading without being afraid of extra platform fees, commissions, and higher spreads.

To wrap up, the universal ECN XN account type of the FXCC broker provides moderate leverage which might be a maximum of 1:500. The platform also supports several languages so that a trader may feel comfortable and acquainted with the service and offerings of FXCC.