Versatile Broker with Competitive Spreads
FXCC is a regulated broker offering diverse trading instruments, including CFDs, commodities, currencies, cryptocurrencies, and indices. Licensed under CySEC, MiFID, and MISA, FXCC provides competitive spreads starting from 0 with no trading commissions under its ECN XL account, making it an appealing choice for traders seeking low-cost options.
Expert Reviewer Verdict
FXCC is an excellent choice for traders looking for a cost-effective and secure trading environment. With spreads starting from 0 and no trading commissions on its ECN XL account, it appeals to both beginner and professional traders seeking low-cost trades. The platform offers a range of assets, including CFDs, commodities, currencies, cryptocurrencies, and indices. Regulated by CySEC, MiFID, and MISA, FXCC ensures client funds are stored in Tier 1 banks, adding an extra layer of security. However, the absence of stock trading might deter traders looking for a broader asset portfolio. Its high leverage of up to 1:500 and first deposit bonus further make FXCC an attractive option for high-risk, high-reward traders.
Pros and Cons
Pros
- Spreads From 0, No Trading Commission
- First Deposit Bonus Available
- Leverage Up to 1:500
- No Minimum Deposit Required
- Client Funds in Tier 1 Banks
Cons
- Inactivity Fees After 3 Months
- No Web Trading Platform
- Withdrawal Fees Charged by PSP
Trust and Safety
Trusted and Secure Broker
FXCC places a strong emphasis on trust and security for its users. As a broker regulated by CySEC, MiFID, and MISA, it complies with stringent industry standards to protect traders. FXCC utilizes two-factor authentication (2FA) to prevent fraud and secure accounts, adding an essential layer of protection for all users. Furthermore, the broker ensures that client funds are stored in Tier 1 banks, safeguarding these assets from potential risks. This commitment to security helps to instill confidence in traders who seek reliability and transparency. While the absence of additional security features could be a consideration for some, FXCC’s adherence to reputable regulatory bodies and the careful handling of client funds make it a trustworthy platform for traders.
|
Regulatory Body |
Status |
|
ASIC |
No |
|
CySEC |
Yes |
|
DFSA |
No |
|
EFSA |
No |
|
FCA |
No |
|
FMA |
No |
|
FSA (SC) |
No |
|
FSCA |
No |
|
FSC |
No |
|
JFSA |
No |
|
MAS |
No |
|
MiFID |
Yes |
Tradable Instruments
Diverse Range of Tradable Assets
FXCC offers a solid variety of tradable instruments, catering to traders interested in multiple asset classes. The broker provides access to CFDs (Contracts for Difference), which allow users to trade a wide range of markets without owning the underlying assets. FXCC’s offerings include commodities, currencies, cryptocurrencies, and indices, giving traders flexibility in choosing their preferred markets. With over 200 available assets, traders can diversify their portfolios and take advantage of different market conditions.
While FXCC does not offer stock trading, its comprehensive selection of other instruments, combined with competitive spreads, positions it as a strong choice for traders focused on forex and CFDs. Whether you’re trading major currency pairs or exploring commodity markets, FXCC provides the necessary tools and instruments to engage effectively in global financial markets.
|
Trading Instrument |
Available |
|
COMMODITIES |
Yes |
|
CURRENCIES |
Yes |
|
CRYPTOCURRENCIES |
Yes |
|
ETF |
No |
|
FUTURES |
No |
|
INDICES |
Yes |
|
STOCKS |
No |
|
BONDS |
No |
|
OPTIONS |
No |
Account Types
Flexible Account Options
FXCC offers a single yet versatile account type – the ECN XL account, designed to cater to both beginners and professionals. This account features spreads starting from 0 with no trading commissions, providing a cost-effective trading environment. One of the standout benefits of FXCC is the absence of a minimum deposit requirement, allowing traders to start with any amount that suits their needs.
Additionally, the broker provides several specialized accounts, including demo accounts for practice trading, Islamic accounts adhering to Sharia principles, and managed accounts for those preferring expert guidance. Whether you are a beginner looking for a low-cost entry into the forex market or a professional trader seeking competitive conditions, FXCC’s ECN XL account provides a solid, flexible option.
|
Account Type |
Available |
|
DEMO ACCOUNT |
Yes |
|
ISLAMIC ACCOUNT |
Yes |
|
SEGREGATED ACCOUNT |
No |
|
MANAGED ACCOUNT |
Yes |
|
SUITABLE FOR BEGINNERS |
Yes |
|
SUITABLE FOR PROFESSIONALS |
Yes |
|
US TRADER |
No |
Commission and Fees
Low-Cost Trading Structure
FXCC offers traders a transparent fee structure with no trading commissions under its ECN XL account, relying solely on competitive spreads. The broker focuses on keeping costs low, making it a popular choice among cost-conscious traders.
Account Minimum
FXCC does not impose any minimum deposit requirements, allowing traders to begin with as little or as much as they are comfortable with.
Trading Fees
There are no trading commissions. FXCC operates on a spread-only model, with spreads starting as low as 0 on major currency pairs.
CFD Fees
FXCC does not charge specific fees for CFD trading beyond the spread.
Forex Fees
FXCC applies a spread-based fee for forex trades, with no additional forex-specific charges.
Futures Fees
FXCC does not charge futures fees, as it does not offer futures trading.
Account Fee
FXCC does not impose any account maintenance fees.
Inactivity Fee
An inactivity fee of $5 per month is applied after three months of no trading activity.
Deposit Fee
FXCC does not charge any fees for deposits.
Withdrawal Fee
FXCC does not charge withdrawal fees, but payment service providers (PSPs) may impose their own charges.
Overnight Funding Fee
FXCC charges swap fees for holding positions overnight.
Currency Conversion Fee
No currency conversion fees are charged by FXCC.
Guaranteed Stop Order Fee
FXCC does not charge fees for guaranteed stop orders.
Trading Platforms
Powerful Platforms for All Devices
FXCC provides access to the widely popular MetaTrader 4 (MT4) platform, known for its reliability and advanced trading features. The platform supports seamless trading across multiple asset classes, including CFDs, forex, and cryptocurrencies, ensuring flexibility for various types of traders.
Mobile Trading Apps
FXCC offers mobile trading apps compatible with both iOS and Android devices. These apps allow traders to manage their accounts and execute trades on the go with full access to MT4’s features.
Web Trading Apps
FXCC does not provide a web trading platform. All trading is conducted through desktop or mobile MT4 applications.
Desktop Trading Apps
FXCC’s desktop trading platform is MT4, available for Windows. This platform provides full trading functionality, charting tools, and technical analysis capabilities essential for both beginner and advanced traders.
|
Trading Platform |
Available |
|
MT4 |
Yes |
|
MT5 |
No |
|
CTRADER |
No |
|
PROPRIETARY |
No |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
Yes |
|
DESKTOP MAC |
No |
|
WEB PLATFORM |
No |
|
Mobile Platform |
Available |
|
ANDROID |
Yes |
|
iOS |
Yes |
Unique Features
Standout Features for Traders
FXCC offers several unique features that set it apart from other brokers. The most notable is its ECN XL account, which provides spreads starting from 0 with no trading commission, a rarity in the industry. This low-cost trading environment is particularly appealing to traders looking to minimize expenses on high-frequency trades.
Another standout feature is the availability of leverage up to 1:500, allowing traders to amplify their positions. FXCC also offers a first deposit bonus, providing an incentive for new traders to join the platform. Additionally, the broker ensures that client funds are stored in Tier 1 banks, adding an extra level of security and trust. These features make FXCC an attractive option for traders seeking competitive conditions and enhanced fund protection.
Research and Education
Educational Tools for All Traders
FXCC provides traders with access to a variety of research and educational tools designed to enhance trading knowledge and skills. These resources cater to both beginner and experienced traders, offering valuable insights into market trends and strategies. While the broker does not boast an extensive educational library, it offers enough material to assist traders in improving their technical and fundamental analysis skills.
Additionally, traders have access to real-time market data and analysis to help them make informed decisions. The combination of educational tools and a well-regulated environment makes FXCC a reliable option for traders looking to expand their knowledge while maintaining secure trading conditions.
Customer Support
Fast and Friendly Support
FXCC offers reliable customer support to assist traders with any questions or issues they may encounter. The broker provides live chat and email support, ensuring that help is readily available. Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours.
Whether you are facing technical issues, account-related queries, or need help with your trading platform, FXCC’s support team is prepared to assist promptly. While the broker does not offer phone support or automated bots, the availability of live chat and email ensures that most issues can be resolved quickly and effectively. This customer-centric approach makes FXCC a solid choice for traders who prioritize responsive and professional support.
Account Opening
Simple and Streamlined Process
Opening an account with FXCC is a straightforward process designed to get traders started quickly.
Registration: The process begins with a simple online registration form, where users create their account by providing basic personal details and setting up their login credentials.
Verification: After registration, users must verify their email address to confirm their account. This step ensures that communication between the broker and trader is secure.
Document Upload: For full account verification, traders are required to submit proof of identity (POI) and proof of residence (POR) documents. This helps meet regulatory compliance and enhances account security.
Once these steps are completed, traders can access their account and begin trading immediately. FXCC’s seamless process makes it easy for users to get started.
Deposit and Withdrawals
Fast and Flexible Transactions
FXCC offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs.
Deposits: Traders can fund their accounts instantly using bank wire, Skrill, Neteller, cryptocurrency, and Visa or Mastercard. FXCC does not charge any deposit fees, making it easy for traders to start trading without incurring additional costs.
Withdrawals: FXCC processes withdrawal requests within 24 hours, ensuring quick access to funds. Withdrawals can be made through the same methods as deposits, though fees may apply based on the payment service provider (PSP) used, rather than FXCC itself.
With fast processing times and no deposit fees, FXCC makes it easy for traders to manage their funds efficiently.
Final Thoughts
FXCC stands out as a solid broker choice for traders looking for a low-cost, regulated platform. Its competitive spreads, no trading commissions, and lack of a minimum deposit make it accessible to both beginner and professional traders. With a focus on forex and CFDs, FXCC provides a range of tradable instruments, though the absence of stock trading may be a limitation for some.
The broker’s strong regulatory oversight by CySEC, MiFID, and MISA, along with client fund security in Tier 1 banks, adds a layer of trust for its users. While it lacks a web trading platform and certain research tools, FXCC’s strong support features, fast withdrawals, and user-friendly account opening process make it a solid contender for cost-conscious traders seeking reliability and simplicity.
Contact Info
Bonovo Road, Fomboni, Island of Mohéli, Comoros Union.
FAQs
-
Question: Does FXCC charge any trading commissions?
Answer: No, FXCC operates on a spread-only model with no trading commissions under its ECN XL account. -
Question: How secure are my funds with FXCC?
Answer: FXCC keeps client funds in Tier 1 banks and is regulated by CySEC, MiFID, and MISA, ensuring strong financial security. -
Question: What trading platforms does FXCC offer?
Answer: FXCC provides access to the MetaTrader 4 (MT4) platform, available on desktop (Windows) and mobile (iOS and Android). -
Question: Are there inactivity fees with FXCC?
Answer: Yes, FXCC charges a $5 monthly inactivity fee after three months of no trading activity.
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