Hello Wootfi.com Visitors Today We Covered Fxcc Review. Please Read Our All review to know more about Fxcc Broker .
About FXCC
FXCC uses the trusted MetaTrader 4 platform, accessible as a download or online solution, to trade forex, indices, silver, and gold. The platform lacks MetaTrader 5 for Forex Trading. We log in to the Traders Hub in this broker review FXCC to look at minimum deposits, rules, leverage, and demo accounts. You can trade forex with a trading account or a demo account.
The Cyprus securities assure secure trading forex on the website. Investments with high risks need extra thoughts from your side. Data and information in their server will guide you at no commission fees. In the financial markets, currency pairs are the two different currencies traded with each other.
FXCC at a glance
| Maximum Leverage | 1:500 |
| Platform | MT4 |
| Trading Fees | Low |
| Founded Year | 2010 |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Mobile App | No proprietary app currently available |
| Customer Support | Phone, email and live chat support 24/7. In person at local branches. Support also available via text, Facebook Messenger, Twitter direct message, Apple Business Chat and Amazon Alexa. |
| Headquarters | Cyprus |
| Official Website | Click Here To Visit |
How To Create Account At FXCC
FXCC offers many different account types with no minimum deposit requirements, which means US citizens of all financial backgrounds can sign up.
FXCC Deposits & Withdrawals
There are plenty of funding methods available at FXCC, including bank cards, wire transfers, e-wallets such as Skrill and Neteller, plus alternative online payment methods like Rapid Transfer.
Accepted currencies include USD, EUR and GBP. Most deposits are processed within one hour. However, the majority of withdrawals take up to give working days to clear, apart from Skrill and Neteller which are processed in real-time.
Crypto payments are also accepted in several major coins such as BTC, ETH and USDT. Both deposits and withdrawals take up to 15 minutes.
There are no charges for making a deposit except for mining fees if you top up using crypto. However, there are fees on withdrawals for bank wires, cryptos and e-wallets. The broker’s website contains a full breakdown.
FXCC Fees
As per many online FXCC reviews & research, we can say that FXCC provides traders with a commission-free trading environment as well as spreads that are reasonably competitive. The EUR/USD fluctuates between 0.0 and 0.4 pips, with occasional surges during market news and trading session pauses, as FXCC clearly displays on its website. It has great operating systems, daily technical analysis, custom indicators, different funding methods, copy trading with almost zero spreads.
The FXCC account uses an ECN/STP execution approach and does not tamper with quotations. Swap rates apply to leveraged overnight positions, and FXCC tells clients how to get the most up-to-date prices, which many brokers skip. Currency exchange markups are still at the purview of FXCC.
The general price environment is reasonable, ranking in the middle among worldwide rivals. FXCC’s competitive situation is strong. Everyone who trades with an FXCC broker here will eventually obtain their outcomes. Particularly considering the broker has only one ECN XL account with spreads starting at 0 pips and no fees.
Trading Platforms
MT4
The MT4 Mobile trading platform is your gateway to the financial markets, even when you are on the go, offering you an overview of all the trading features you enjoy using on the award-winning MetaTrader 4 desktop platform.
A wide array of charting tools is now at hand to support your trading activity – 30 of your favourite technical indicators, various time frames and real-time updated market prices. Now it is that easy to power on your trading plan through your iPhone/iPad/iPod Touch or Android.
Regulation & Licensing
FX Central Clearing Ltd (FXCC) is authorized as a Cyprus Investment Firm (CIF) and regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 121/10. The broker is also registered in Saint Vincent and the Grenadine as an investment company.
As a regulated entity in the EU, FXCC follows the Markets in Financial Instruments Directive (MiFID) which oversees investment services across the European Economic Area.
In addition, FXCC is a member of the Investor Compensation Fund (ICF) which insures clients in the event of insolvency. User funds are also segregated in separate bank accounts at leading international banks so your money is safe from scammers.
High Grade Features Which Offer By FXCC
Multiple account types
FXCC offers two main account types – Standard and ECN – to suit different trading styles and preferences.
Advanced trading platforms
FXCC provides its clients with access to a variety of advanced trading platforms, including MetaTrader 4 and MetaTrader 5.
Tight Spreads
FXCC offers competitive spreads, starting from 0.0 pips on some of its ECN accounts.
Low commissions
The broker charges low commissions on its ECN accounts, helping traders to save on trading costs.
High Leverage:
FXCC offers high leverage of up to 1:500, allowing traders to open larger positions with smaller amounts of capital.
Multiple funding options
FXCC supports multiple funding options, including bank wire transfer, credit/debit cards, and online payment systems such as Skrill and Neteller.
Negative Balance Protection
FXCC offers negative balance protection to all clients, ensuring that traders cannot lose more than their account balance.
Educational Resources
FXCC provides a range of educational resources, including video tutorials, webinars, and market analysis, to help traders improve their skills and knowledge.
Customer Support
FXCC offers 24/5 multilingual customer support via telephone, email or live chat. The latter can be accessed by clicking on the chat logo in the bottom right-hand corner of the website.
- Email – [email protected]
- Contact number – +44 203 150 0832
- Address – Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines
FXCC Pros & Cons
FXCC is a forex broker that provides trading services to clients worldwide. Here are some pros and cons of using FXCC:
Pros:
- Regulation: FXCC is regulated by the Cyprus Securities and Exchange Commission (CySEC) which is a respected regulatory authority.
- Trading platforms: FXCC provides traders with access to the popular MetaTrader 4 (MT4) platform, which is user-friendly and customizable. They also offer a web-based platform and a mobile app for trading on the go.
- Range of trading instruments: FXCC offers a wide range of trading instruments, including currency pairs, commodities, and indices.
- Competitive spreads: FXCC offers competitive spreads, which can be as low as 0 pips for certain currency pairs.
- Educational resources: FXCC provides traders with a range of educational resources, including webinars, eBooks, and tutorials, to help improve their trading skills.
Cons:
- Limited payment options: FXCC only accepts a limited number of payment methods, which may not be suitable for all traders.
- Limited research tools: FXCC does not offer a comprehensive range of research tools, such as market analysis, trading signals, or economic calendars.
- No demo account: FXCC does not offer a demo account, which may make it difficult for new traders to practice trading before risking real money.
- Limited customer support: FXCC’s customer support is only available during trading hours and does not offer 24/7 support.
- High minimum deposit: FXCC requires a minimum deposit of $500, which may be high for some traders who are just starting out.
Overall, FXCC is a regulated broker that offers a range of trading instruments and competitive spreads. However, it has some limitations such as limited payment options, research tools, and customer support. Additionally, the lack of a demo account and high minimum deposit may make it less suitable for new traders.
FXCC Conclusion
In conclusion, FXCC is a regulated forex broker that provides a range of trading instruments and competitive spreads. However, it has some drawbacks, such as limited payment options, research tools, and customer support, and a high minimum deposit. Additionally, the lack of a demo account may make it difficult for new traders to practice trading before risking real money. Therefore, while FXCC can be a suitable choice for experienced traders, it may not be the best option for beginners. Traders should carefully consider their needs and preferences before choosing a broker and conduct thorough research to ensure they select a broker that meets their requirements.
Frequently asked questions
Is FXCC a regulated broker?
Yes, FXCC is regulated by the Cyprus Securities and Exchange Commission (CySEC).
What trading platforms does FXCC offer?
FXCC offers MetaTrader 4 (MT4) trading platform, a web-based platform, and a mobile app for trading on the go.
What trading instruments does FXCC offer?
FXCC offers a wide range of trading instruments, including currency pairs, commodities, and indices.
Does FXCC offer educational resources for traders?
Yes, FXCC provides traders with a range of educational resources, including webinars, eBooks, and tutorials, to help improve their trading skills.
What is the minimum deposit required to open an account with FXCC?
The minimum deposit required to open an account with FXCC is $500.
Does FXCC charge commissions on trades?
FXCC charges a commission on trades for its ECN accounts, while its STP accounts have no commissions but have higher spreads.
