FXCC Review

MIN. DEPOSIT $100
Up to 300:1
Free VPS BONUS
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FXCC
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Overview

Company Information FXCC is one of the traditional brokers founded in 2010. The company is registered and licensed in Cyprus by the CySEC (Cyprus Securities and Exchange Commission). The online… more

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Details

BrokerFXCC
Website URLhttp://www.fxcc.com/
Founded2010
HeadquartersLimassol, Cyprus
Support Number+357 25 870750; +357 25 025001
Support Emailsupport@fxcc.com
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish
Minimum 1st Deposit$100
Minimum Trade Amount0.01 lots; 0.1 lots (Metals, Indices)
Maximum Trade Amount50 lots
BonusFree VPS
PayoutUp to 300:1
Free Demo AccountYes
Regulated Yes
RegulationCySEC, MiFID, FCA (UK)
Account TypesSTD, XL, ADV
Deposit MethodsBank Wire Transfers, Credit/Debit Cards, Neteller, WebMoney, Skrill
Withdrawal MethodsBank Wire Transfers, Credit/Debit Cards, Neteller, WebMoney, Skrill
Types of AssetsForex, Spot Metals, Indices
Account CurrencyUSD, EUR, GBP
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

FXCC is one of the traditional brokers founded in 2010. The company is registered and licensed in Cyprus by the CySEC (Cyprus Securities and Exchange Commission). The online broker is also regulated by the general financial authorities in the branch. The FSA (Financial Services Authority) supervises the broker, which abides by MiFID (Markets in Financial Instruments Directive). As a well-regulated institution, FXCC provides an excellent selection of services according to the latest standards in the industry. The online broker is a technologically advanced service provider with a unique business model called ECN. The model is very beneficial to the clients that can expect real-time pricing of the market and full transparency. Despite its early emerge on the global financial stage, FXCC managed to win the hearts of many traders with their dedicated offerings and the excellent trading environment. The company will undoubtedly prove a great choice for clients, who are just getting started with Forex, and those professional traders, who look for a new challenge. FXCC is also entirely dedicated broker, which constantly aims to educate its clients by announcing various training courses and strategies for free.

 

Trading Information

The company presents a well-selected range of products to their customers. Traders will be able to trade more than 30 currency pairs including Spot Gold and Silver. Of course, the original gold and silver commodities are also supported. Forex spreads are relatively tight compared to other brokers from the same class and stay in the range between 0.4 and 0.7 pips. Leverage can also differ depending on the selected account type, but it’s limited to 1:500 for the most simple client profile. FXCC offers two indices at this time – NASDAQ100 and Dow Jones, both with variable spread.

 

As for the trading accounts, the online broker offers three different types of profiles for almost every customer. They are labeled ECN XL, ECN Standard, and ECN Advanced. Minimum trade size is set to 0.01 lot for all of them. Additionally, traders can take advantage of a personal account manager and free technical analysis on a regular basis. Scalping and automated trading are also allowed.

 

Trading Platform

When it comes to trading platforms, FXCC provides its clients with the best trading software out there – MetaTrader 4. It’s equipped with the most needed tools that every trader may require in the daily routine. The platform is well-known to most experienced traders, but may also prove quite overwhelming at first for the beginners. However, it’s the best product used in trading nowadays. MT4 is well adapted on Mobile for both Android and iOS devices. Also, FXCC offers two entirely different solutions for those who need to trade for more than one account. The MT4 Multi Terminal and FXCC Mam (Multi Account Manager) platform are available for all professional traders and money managers. According to the broker, its trading MAM platform is designed to meet every client’s’ need, and it’s way better than the MT4 alternative. We think that the customers should decide it for themselves.

 

Security and Customer Services

FXCC is a dedicated brokerage company that ensures an adequate protection for their clients. They employ a program called Client Money Protection, which aims to guard the customers’ funds. The scheme involves account segregation, deposits in top grade banks from the sector and participation in ICF (Investor Compensation Fund). Clients can have peace of mind as the broker stands amongst the most transparent in the branch.

 

The customer services provided by the broker are exemplary. Clients can easily get in touch with the broker by phone, fax, email or use the live chatting system. Alternatively, any trader can request a callback from FXCC’s representative. The physical address of the company and their headquarters are located in Amorosa Centre, 2nd Floor, 2 Samou Street, 4043 Yermasoyia, Limassol, Cyprus.

 

Deposits and Withdraws

FXCC supports some of the most popular payment methods among the traders. Deposits are easily handled and processed most of the time instantly. Only bank wire transfer can take from three to five working days. Luckily, additional fees from the broker’s side are not involved. The supported currencies are listed in the tables, so make sure to take a look at them.

 

Withdraws are processed through the same methods as the deposits. Extra charges are not employed by the broker as well. However, traders should take note that the payment option provider may apply any fees in its regard. The minimum withdrawal amount is set on 50$, which is relatively small compared to many other companies from the industry.

 

Deposit Bonus and Loyalty Program

FXCC is a broker with a significant number of promotions. However, most of them are released for a limited time. At the moment of the writing, the company has most of its bonus programs expired. They are “100% Welcome Bonus”, “30% Credit Bonus”, “100% Deposit Bonus” and “Festive Season Bonus”. In fact, there are some active ones available. Currently, FXCC offers free personal trading courses with a private trainer and expert in the financial markets. The deal applies to all clients of the company, and it appears to be unlimited in time, as there is no stated period. The other attractive deal involves the spreads offered by FXCC. According to the broker, they have most of their spreads significantly tighten to attract new customers.

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