FXCC Brokerage Review

FXCC Brokerage Review

Regulated by CySEC, FXCC operates as an Electronic Communication Network (ECN) broker, offering clients immediate, fair, and unbiased trading access. This differs from Dealing Desk brokers as FXCC doesn’t take positions against clients, ensuring orders, stops, and limits are executed directly with third parties, prioritizing client interests.

The broker provides a range of benefits, including favorable trading conditions, educational resources, and access to the MetaTrader 4 platform. FXCC offers competitive forex spreads and transparent pricing, empowering traders with flexibility in their strategies.

The most sought-after account, the “ECN XL Account,” boasts variable spreads starting at 0.0 pips and maximum leverage up to 1:500 based on regulations. Moreover, FXCC caters to Islamic traders by offering a swap-free account. Despite any brokerage having its strengths and weaknesses, the advantages lean significantly toward FXCC.

FXCC: Upsides and Downsides

Advantages:

  • CySEC regulation ensures a level of safety and security for clients
  • Genuine ECN model, granting direct market access without dealing desk interference
  • Competitive forex spreads and transparent pricing
  • Welcomes any trading strategy, including scalping and hedging
  • Offers swap-free Islamic accounts
  • Access to the popular MetaTrader 4 platform

Disadvantages:

  • Limited range of trading instruments, primarily focused on forex
  • Higher minimum deposit requirement compared to certain brokers
  • Scarce educational resources relative to some competitors

Ideal User Profile for FXCC

FXCC suits traders seeking an ECN brokerage with competitive forex spreads, transparent pricing, and a no dealing desk approach. It’s apt for those preferring the MetaTrader 4 platform, prioritizing prompt and reliable trade execution without re-quotes. FXCC caters to diverse trading strategies, including scalping and hedging, making it an ideal choice. Islamic traders might find FXCC appealing due to its swap-free account. Overall, it’s an excellent pick for traders valuing transparency, equity, and favorable trading conditions.

Prime FXCC Features

  • Tightest Spreads, Zero Commission Fees: At FXCC, the ECN XL Account offers tight spreads from 0.0 pips and no commission fees, attracting traders.
  • Open Trading Strategy: FXCC permits traders to deploy their preferred strategies, be it scalping, news trading, or hyperactive trading.
  • Partnership Program: A lucrative program offering substantial commissions, custom partner portals, varied marketing resources, and advanced tracking.
  • Transparency: Providing real-time spreads for popular instruments, aiding informed decision-making based on accurate data.
  • Swap-Free (Islamic) Accounts: FXCC extends Islamic accounts sans commission or admin fees, an appealing option for adherents to Islamic principles.

Overview of FXCC

Regulated and licensed by the Cyprus Securities and Exchange Commission, FXCC accepts clients globally, except in the United States. It provides assets like forex, commodities, indices, CFDs, and cryptocurrency. The trading platforms are accessible across PCs, smartphones, and tablets, including iOS and Android. Payment methods include credit/debit cards, bank wire transfers, Skrill, Union Pay, Neteller, and Paymero.

FXCC Account Options

To cater to diverse trader needs, FXCC offers four distinct account types:

  1. ECN Standard Account: For newer traders or those with smaller balances, with variable spreads starting at 0.1 pips and leverage up to 1:500.
  2. ECN XL Account: Aimed at experienced traders, requiring a $10,000 minimum deposit, offering variable spreads from 0.0 pips and maximum leverage up to 1:500.
  3. ECN Advanced Account: Designed for professional traders needing advanced tools, necessitating a $100,000 deposit, offering variable spreads from 0.0 pips and leverage up to 1:200.
  4. ECN VIP Account: Targeting high-net-worth individuals and institutions, demanding a $500,000 deposit, providing variable spreads from 0.0 pips and leverage up to 1:100.

Regulation and Safety

FXCC’s CySEC regulation ensures strict compliance, including segregated client funds and a negative balance protection policy. SSL encryption safeguards all communication between clients and the broker’s servers. Two-factor authentication enhances account security. As a No Dealing Desk broker, FXCC prioritizes client interests, ensuring trades are executed with counter-parties, minimizing potential conflicts of interest.

Concluding Thoughts on FXCC

FXCC, a regulated and reputable broker, offers access to varied trading instruments, featuring forex, commodities, indices, CFDs, and cryptocurrencies. Its reliable ECN model ensures prompt execution without delays or re-quotes. Operating as a No Dealing Desk broker further assures clients that trades are executed impartially. With tight spreads, no commission fees, and a spectrum of permitted trading strategies, FXCC caters well to traders’ needs. The partnership program, transparent pricing, Islamic accounts, and flexible payment methods enhance its appeal. Overall, FXCC is a trustworthy brokerage, providing traders with conducive conditions for successful trading, backed by strong regulation, reliable execution, and client-centric practices.

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5 Replies to “FXCC Brokerage Review”

  • Brian
    Brian
    Reply

    FXCC has proved its competence as a mediator within certain period. I mean, it has a history full of milestones and awards, so it indicates this broker’s reputation in the trading circles and, of course, reliability.

  • Amanda
    Amanda
    Reply

    This broker has fabulous trading conditions with also one of the best customer service who are very attentive. Trading on this platform has been really great and it’s been a good ride. The quality of service is great!

  • Kenneth
    Kenneth
    Reply

    For me it’s really an optimal solution, because I am a scalper and even a trader with several days experience will tell you how it’s important for scalpers to have seamless execution!

  • Amanda
    Amanda
    Reply

    When I deposited I got 100% bonus as a gift, love the promos! Also, love that the company does not force its clients to switch to MT5, I personally like MT4. I like their service and waiting for future promotions and bonuses.

  • Lucian
    Lucian
    Reply

    Their ECN XL trading account is so cool. There are tight spreads, cheap swaps, hedging mode allowed and leverage up to 1:500 available. There is no need for anything more for successful trading.

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