Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!
FXCC is a CySEC and MISA-regulated forex broker offering clients a 100% deposit bonus. The broker enables access to VPS for free. USD, EUR, and GBP are the base currencies in this brokerage.
FXCC is a multi-asset broker with a maximum leverage of 1:500 in 5 tradable markets [Forex, Crypto, Indices, Metals, Energies].
The mentioned brokerage offers 1 live account type [ECN XL] with a swap-free option. Besides, a demo account is provided. The stop-out level on the live account is 50%.
FXCC Broker Review: Learn about its strengths and flaws
Company Information & Regulation
FXCC is a forex broker operating since 2010, headquartered in Cyprus. Based on the official data, all offered services and products are provided by Central Clearing Ltd, a company registered in Mwali Island with the number HA00424753. Company's Regulating Bodies:
Cyprus Securities and Exchange Commission (CySEC) with the license number 121/10
Mwali International Services Authorities (MISA) with the license number BFX2024085
Central Clearing Ltd is registered in 4 regions, including the Comoros Union, Nevis, Saint Vincent & the Grenadines, and Cyprus.
For a comprehensive overview of different entities of the broker, look at the table below:
Entity Parameters/Branches
FX Central Clearing Ltd
Central Clearing Ltd
Regulation
Cyprus
MISA
Regulation Tier
1
3
Country
Cyprus
Comoros Union
Investor Protection Fund / Compensation Scheme
Up to EUR 20,000 under ICF
No
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
Yes
Maximum Leverage
1:30
1:500
Client Eligibility
EU/EEA Clients
Global Clients
The platform supports zero-commission trading under the ECN XL account, with raw spreads from 0.0 pips.
Designed for both beginner and professional traders, FXCC emphasizes secure trading, offering negative balance protection and storing client funds in Tier-1 banks. However, it does not support stock or ETF trading, limiting asset diversification.
FXCC CEO
While the brokerage does not explicitly reveal its Chief Executive Officer's identity or any information regarding him, LinkedIn shows that "Saed Shalabi" is the CEO of FXCC.
There's not much data available about this person on the web, but based on his profile, he has been the Director of FXCC since 2014. Check it out through this link:
FXCC is not the best when it comes to trading accounts. Currently, it only offers 1 trading account, which is ECN XL. Trading Account Features in FXCC:
Min. Deposit
None
Min. Order Size
0.01 Lot
Max. Leverage
1:500
Negative Balance Protection
Yes
Account Currencies
USD, EUR, GBP
Stop Out Level
50%
Also, these features are available in the account:
Use of EAs
Scalping
News trading
Hedging
Swap-free Islamic account
Besides, there's an ECN Promo account introduced by the company, but it's not available yet. Besides these accounts, a demo account is provided for practice.
Pros And Cons
When considering FXCC as your forex broker, it's essential to weigh its strengths and weaknesses. Here's a balanced overview:
Pros
Cons
High Leverage Up To 1:500
Does Not Offer MetaTrader 5 (MT5) Platform
Tight Floating Spreads
No Variety in Account Types
Regulated By CySEC, Ensuring Client Fund Security
No 24/7 Support
Offers Free VPS Service For Enhanced Trading Performance
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How to Sign Up and Verify on FXCC
The FXCC registration is fast, secure, and entirely free. The process includes just three essential steps and provides immediate access to the ECN trading environment. Once registered, users can explore deposit methods and trading platforms through the FXCC dashboard.
#1 Visit the FXCC Website
Search for FXCC using your preferred browser or enter the URL directly. On the homepage, click the “Register” button to initiate the sign-up process.
Click on the "Register" button to sign up with FXCC
#2 Fill Out the Registration Form
Fill in the registration form with your personal details, including:
First name
Last name
Email address
Password (including upper/lowercase letters, numbers, and symbols)
Click “Open Account” to proceed.
The FXCC sign up process requires an email address
#3 Confirm Your Email
Check your inbox for a confirmation email from FXCC. Click “Confirm Email Address” to activate your account and access the client area.
You must confirm your email by clicking on the link sent to your inbox by FXCC
#4 Verify Your Identity
To complete your profile and the verification process, provide additional personal information on the website, and submit the required identity and residence documents, including:
Proof of Identity: Passport or driving license
Proof of Address: Utility bill or bank statement
Does FXCC Provide Various Trading Platforms?
FXCC exclusively offers the MetaTrader 4 (MT4) platform, renowned for its reliability and versatility in the forex trading world. Here's what you can expect from FXCC's MT4 offering:
User-friendly interface suitable for both beginners and experienced traders
Advanced charting capabilities with nine timeframes for detailed technical analysis
Over 50 built-in technical indicators and analytical tools
Custom indicator and Expert Advisor (EA) support using the MQL4 programming language
One-click trading and drag-and-drop functionality for efficient order execution
You can download this popular platform's software for your mobile devices through the links below:
TradingFinder has developed a wide range of MT4 indicators that you can use for free.
Spreads And Trading Commissions
FXCC prides itself on offering competitive pricing to its clients. In the table below, we will have an overview of the trading fees and spreads in its ECN XL account:
Commission
Zero
Spreads
Floating From 0.0 Pips
The spread varies based on the trading pair. Also, there are no other fees, including deposit or inactivity costs. However, a withdrawal cost is charged.
Swap Fees
In forex trading, a rollover—also called a swap—is the interest adjustment made when a position remains open past the daily market close. Key operational points include:
Applied only to positions held beyond the market’s daily cutoff (23:59 server time);
Certain currency pairs can carry negative swap rates on both long and short positions;
Rates quoted in points are automatically converted to the account’s base currency by the trading platform;
Calculations occur nightly; Wednesday charges are applied at triple the usual rate;
Swap rates fluctuate; traders can check the latest values in MetaTrader 4 by navigating to Market Watch, Symbols, Select Pair, and finally, Properties for detailed long/short rates.
Non-Trading Fees
The brokerage states that it does not charge its clients with "hidden extra fees". Therefore, no non-trading commissions exist in this broker.
Deposit and Withdrawal Options
FXCC offers a wide range of deposit and withdrawal options. This makes payments convenient for traders from various regions. You can read about the provided methods with their related details in the following sections.
FXCC deposit and withdrawal options in detail
Deposit Methods
The brokerage enables access to 7 payment options for deposits, including cryptocurrencies, credit/debit cards, etc. More details are in the table below:
Deposit Methods
Accepted Currencies
Processing Fee (Deposit / Withdrawal)
Visa/Mastercard
USD, EUR, GBP
No Fee
Bank Wire Transfer
USD
No Fee
Neteller
USD, EUR, GBP
No Fee
Skrill
USD, EUR, GBP
No Fee
Crypto
BTC, ETH, USDT ERC-20, USDT TRC-20, USDT BEP-20
Mining fees
AwePay
MYR, IDR, VND
No Fee
Withdrawal Options
There is no difference between the list of deposit methods and withdrawal solutions on FXCC. More information in the table here:
Withdrawal Systems
Accepted Currencies
Processing Time
Visa/Mastercard
USD, EUR, GBP
5-10 Working Days
Bank Wire Transfer
USD
5-7 Working Days
Neteller
USD, EUR, GBP
Instant
Skrill
USD, EUR, GBP
Instant
Crypto
BTC, ETH, USDT ERC-20, USDT TRC-20, USDT BEP-20
Up to 15 Minutes
AwePay
MYR, IDR, VND
Instant
Copy Trading & Investment Options Offered On FXCC Broker
As of the latest information available, the company does not offer copy trading or other investment features on its platform. This means that traders cannot be able to earn passive income with this brokerage.
For traders specifically interested in copy trading, it may be worth exploring other brokers that offer this feature. It's always advisable to check FXCC's official website or contact their customer support for the most up-to-date information on available features and services.
Which Markets and Symbols Are Available for Trading?
FXCC offers a relatively narrow range of tradable instruments across several asset classes, which might be disappointing to some users. Here's a breakdown of the markets and symbols available:
CFDs on digital assets (BTC, ETH, BCH, LTC, and more)
Multiple major cryptocurrencies
10–20 cryptocurrencies
1:20
Indices
CFDs on US, European, and Asian indices
Around 14 indices
10–20 indices
1:500
Metals
CFDs on Gold, Silver, Platinum, Palladium
4 metals
3–5 metals
1:500
Energies
CFDs on Oil (Crude and Brent)
2 instruments
2–4 instruments
1:500
Traders looking for a more extensive selection, particularly in stocks or exotic instruments, may find the offering somewhat limited compared to some larger brokers.
Trading instruments and markets available on FXCC
Bonuses And Promotions
FXCC offers an attractive 100% first deposit bonus to both new and existing clients holding an ECN XL account. The amount goes up to a maximum of $2,000 USD.
While the 100% deposit bonus can provide a significant boost to trading capital, it's essential for traders to understand the associated terms and use the bonus responsibly as part of their overall trading strategy. Check the website for any updates.
FXCC Awards
This broker has earned industry recognition for its STP/ECN brokerage model and trading account offerings. In 2019, World Finance Magazine named it “Best STP Broker” and “Best Trading Account”.
The accolades given to the FXCC broker
The year prior, Global Banking & Finance Awards honored it with “Best Trading Account (XL Account)” and “Best STP Broker Europe.” Forex-Ratings has also acknowledged the broker for its transparency and reliable trade execution.
The FXCC awards could indicate a decent level of reputation in the industry.
FXCC Support: Does It Offer Phone Services?
The brokerage covers some of the most common contact methods for its support services. Here's an overview of its channels:
Live Chat: Accessible directly from the FXCC website
Phone Call: +44 203 150 0832
Email: support@fxcc.com
Ticket System: Available through the website
Based on the information on the website, the support department is available 24 hours, Monday to Friday. Therefore, no 24/7 service is available. This can be considered a downside by many traders.
List Of Restricted Countries
FXCC, like many international brokers, is subject to regulatory restrictions that limit its services in certain countries. While the company aims to provide its services globally, there are some regions where it cannot operate due to legal and regulatory constraints. These regions include, but are not limited to:
United States
Islamic Republic of Iran
Afghanistan
North Korea
Belgium
Bulgaria
Austria
Estonia
Other EEA countries
FXCC's list of restricted countries and regions
Trust Scores & User Ratings
FXCC's reputation in the forex trading community can be gauged through various review platforms and trust scores, including REVIEWS.io and Trustpilot. Check out the ratings here:
FXCC's above-average trust score on REVIEWS.io website
Overall, based on the numbers above, one can say that the brokerage has achieved acceptable scores from users and trust platforms.
Education in FXCC's Website
Educational content offered by a brokerage is not always a priority, but it's good to have. FXCC provides its education resources through 3 main sections on its official website:
Education Center
Basic Articles
Research
These parts include articles on financial topics, analysis, news, etc. Also, there is an economic calendar for updates on events.
You can check TradingFinder's Forex education section for additional resources.
FXCC Comparison Table
Let's check FXCC's standing in the Forex trading world in comparison with other platforms:
FXCC is a Forex brokerage with a minimum deposit of $0. Also, there are no commissions for trading, deposits, or inactive accounts.
Over 77% of reviewers on the "REVIEWS.io" website have recommended the broker. Besides, FXCC's score on "Trustpilot" is 4.1/5, with more than 250 ratings.
FAQs
Is FXCC a regulated broker?
Yes, the broker is regulated by two authorities, including the Cyprus Securities and Exchange Commission (CySEC) with the license number 121/10 and Mwali International Services Authority (MISA) under the license number BFX2024085.
What are the available account types on FXCC?
This company primarily offers one trading account type, the ECN XL account.
Does FXCC charge any commissions on trades?
No, it does not charge commissions on trades.
What is the minimum deposit required
FXCC allows users to open an ECN XL account with no minimum deposit, making it accessible to all trader levels.
Which trading platforms are available?
FXCC supports MetaTrader 4 (MT4) only, offering powerful tools, charting features, and support for EAs and indicators.
What is the maximum leverage offered?
FXCC provides leverage up to 1:500, allowing greater position sizing, especially useful for margin traders.
Does FXCC offer an Islamic trading account?
Yes, a swap-free Islamic account is available under the ECN XL type, compliant with Sharia principles.
What markets can I trade?
FXCC provides access to Forex, Crypto, Indices, Metals, and Energies, but does not support stocks or ETFs.
Does FXCC support copy trading or PAMM accounts?
No, FXCC does not support copy trading or PAMM services at this time.
What deposit and withdrawal options are available?
Options include bank transfer, credit/debit cards, e-wallets, and crypto like BTC, ETH, and USDT.
Is there a demo account on FXCC for practice trading?
Yes, FXCC provides a free demo account to simulate real-market conditions without risking capital.
What is the stop-out level on FXCC accounts?
The stop-out level is set at 50%, and margin call occurs at 100% on the ECN XL account.
What is the stop-out level on FXCC accounts?
The stop-out level is set at 50%, and margin call occurs at 100% on the ECN XL account.
Are there any inactivity or deposit fees at FXCC?
FXCC does not charge inactivity or deposit fees. Only some withdrawal fees may apply.