CFD BROKER REVIEW: FXCC REVIEW

FXCC REVIEW AT A GLANCE

  • Execution: ECN / STP

  • USA: NO

  • Regulated: FCA UK, CySEC, MiFID, Member of the Investor Compensation Fund (ICF)

  • Segregated Client Bank Accounts: YES
  • Trading Platforms: MetaTrader4, Sirix WebTrader, PAMM / MAM, ZuluTrade, FXCC TradebooK, Mobile Traders

  • Scalping: YES

  • Markets: Forex, Indices, Gold and Silver

  • Minimum Deposit: $100

  • Deposit Methods: Credit Cards, Bank Wire, MoneyBookers, Neteller, WebMoney

  • Bonus Promotion: 100% Credit Bonus

  • Customer Support Languages: Arabic, English, Chinese, French, German, Portuguese, Russian, Spanish

» FXCC Open a new Account

 

FXCC CFD / FOREX BROKER REVIEW

FXCC COMPANY REVIEW

FXCC was established in 2010. Here are some importnat facts about FXCC:

(1) FXCC is the trading name of FX Central Clearing Ltd

(2) Liquidity providers include JP Morgan, Credit Suisse, UBS, HSBC

(3) FXCC is based in Cyprus

(4) FXCC is regulated by FCA UK (549790), CySEC (121/10), MiFID

(5) FXCC provides client bank account segregation

(6) FXCC is audited by Deloitte

(7) FXCC is a member of the Investor Compensation Fund (ICF)

FXCC Forex Trading

 

FXCC TRADING ASSETS

FXCC offers 30+ Forex currency pairs. FXCC asset index includes spot Gold & Silver plus Nasdaq and Dow Jones Trading.

  • Margin Call Level 100%
  • Stop-Out Level 50%
Financial InstrumentsLeverage
Foreign Exchnange 1:300
Gold Trading 1:100
CFDs Trading 1:300

FOREX TRADING

  • Full STP execution
  • Tight spreads
  • AutoChartist software
  • Free Educational and 24/5 Customer Support

STOCK-INDICES

  • US30 and NASDAQ100
  • High liquidity
  • Minimum trade size 0.1 lots
  • Minimum limit & stop level 10 points
  • Commission $15 pr lot
  • Hedging and automated trading via Expert Advisors is allowed

GOLD & SILVER TRADING

  • Tight spreads and direct STP market execution
  • Minimum trade size 0.1 lots
  • Commission $15 pr lot
  • Hedging and automated trading via Expert Advisors is allowed


FXCC TRADING PLATFORMS & TECHNOLOGY

FXCC provides many different platforms covering all trading needs:

MetaTrader4 (trading on chart, expert advisors etc.)

Sirix WebTrader (includes social trading)

FXCC TradeBook (follow the trades of other FxStat market participants)

Signals from ZuluTrade (popular social trading platform)

PAMM / MAM Account (for professional managers)

Sirix Mobile Trader (includes social trading)

FXCC Tablet Trader

AUTOMATED TRADING & TECHNOLOGY

FXCC offers the esseintal framework for automated trading via Expert Advisors:

Automated Trading: MetaTrader4 and Zulutrade

Scalping / Hedging: Both allowed

Equinix Data Centre: This facility is located close to Wall Street, note that FXCC is member of the Equinix Financial Exchange

 

FXCC TRADING ACCOUNTS

These are the account types offered by FXCC:

FXCC ACCOUNTS

XL

STANDARD

ADVANCED ECN

Minimum Account

$500

$100

$100,000

Max Leverage

200:1

300:1

200:1

Account Currencies

EUR, GBP, USD

Automated Trading / Scalping

Yes

Minimum Trade Size

0.01 lot

Personal Account Manager

Yes

Welcome Bonus

No Bonus

100% Welcome Bonus

No Bonus

 

 » Open a Demo Account | » Open a Real Trading Account

FXCC Minimum Account: $100

FXCC Withdrawal Commissions: NO

You can withdraw your capital via the same method of your initial deposit but you can withdraw your profits only via bank wire and cards.

Funding Methods: Bank Wire - No fees, deposits processed within 1 business day
Credit Card - No fees, Deposits processed within 10-15 minutes
MoneyBookers - No fees, Deposits processed within 10-15 minutes
WebMoney - No fees, Deposits processed within 10-15 minutes
Neteller - No fees, Deposits processed within 10-15 minutes
Withdrawal Methods: Bank Wire - No fees, processed within 1 business day
Credit Card - No fees, processed within 1 business day
MoneyBookers - No fees, processed within the same day, if requested within business hours
Neteller - No fees, processed within the same day, if requested within business hours
WebMoney - No fees, processed within the same day, if requested within business hours

 

FXCC REVIEW -ADVANTAGES AND DISADVANTAGES

FXCC REVIEW ADVANTAGES √

FXCC REVIEW DISADVANTAGES X

■ Regulated Broker, member of the Investor Compensation Fund

■ Audited by Deloitte

■ Fast execution model

■ More than 30 Forex pairs available

■ Good variety of Trading Platforms, including PAMM / MAM 

■ AutoChartist software

■ Automated Trading & Scalping

■ Access to internal VPS service

■ Free SMS Alerts for clients

■ Good Customer Support

■ Welcome Bonus up to 100%

■ You can withdraw profits only via bank wire and cards

■ Crude Oil Trading is not available

 

FXCC REVIEW CONCLUSIONS

FXCC is an ECN/STP Forex broker providing CFD trading. The company was found in 2010 and it is based in Cyprus. FXCC is regulated by FCA UK, CySEC and MiFID (EU) and a member of the Investor Compensation Fund. Furthermore FXCC provides segregated client bank account. The company is audited by Deloitte.

The FXCC asset index contains instruments from three different asset classes. As concerns Forex trading there are more than 30 currencies available. Two popular indices are offered: Dow Jones Industrial and Nasdaq-100. Finally FXCC offers Gold and Silver on spot. In overall the asset index of FXCC is not very wide and does not contain any Energies. FXCC is a real STP broker (Straight Through Processing) without applying an internal dealing desk. Spreads are displayed in fractional pips, and the minimum spread starts as low as 1.0 pip. FXCC is using a tool called ‘Price Aggregator’ in order to offer traders the best Bid/Ask prices from liquidity providers.

As concerns trading platforms, FXCC provides many different choices including MetaTrader 4 and the Sirix WebTrader. The Sirix platform comes in three versions (desktop, mobile and tablet). There is also a PAMM platform and the FXCC TradeBook social trading platform. FXCC clients can also trade using signals from ZuluTrade. AutoChartist software is available plus a VPS service for trading via Expert Advisors. Automated trading and scalping are allowed by FXCC without conditions.

As concerns trading accounts, there are three main types. The minimum deposit is just $100 and the fund methods cover Bank Wire, Credit Cards, Neteller, Skrill and WebMoney. No commissions are charged on deposits / withdrawals. Note that you may withdraw your profits only via Bank Wire or Cards. As concerns trading promotions, at the moment there is 100% Welcome Credit Bonus for all new clients. Free education and market analysis are available too. There is also a free SMS service.

The FXCC customer service is multilingual and available via Phone, CallBack, Live Chat and email. Many languages are supported by the FXCC team including Arabic, English, Chinese, French, German, Portuguese, Russian and Spanish. FXCC provides a personal account manager.

In overall FXCC is a good choice for all traders including advanced and professional Forex Traders. Tight spreads and fast execution make FXCC ideal for Forex News Traders and scalpers. 

» Open a Real Account with FXCC | » Open a Demo Account

 

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