FXCC Broker Review 2024

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%.

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.

Table of Features and Specifics

FXCC is a forex broker with a suite of common specifics, like other brokerages. Here's a snapshot of these features:

Trading Account Types Overview

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:

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. Except 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:

How to Sign Up and Verify on FXCC

Creating an account with the broker is similar to most other companies, and it's straightforward. Here's a brief guide to get you started:

• Visit the website and click on the "Register" button;

• Choose between signing up directly or using your Facebook or Google account;
• Fill in the registration form with your full name and provide an email address;
• Create a secure password (must include at least one uppercase letter, one lowercase letter, and one number).

 Now, your account is created, and the login details are sent to the provided email. For completing your profile and verification, provide additional personal information on the website, and submit the required identity and residence documents.

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 market analysis;
• Over 50 built-in technical indicators and analytical tools;
• Custom indicator and Expert Advisor (EA) support using 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:

• Android
• iOS

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:

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.

Deposit and Withdrawal Options

FXCC offers a wide range of deposit and withdrawal options. This makes payments convenient for traders from various regions. Deposit and Withdrawal Methods in FXCC:

• Bank Wire Transfer: with a minimum deposit of $500
• Credit/Debit Cards (Visa & Mastercard): 1-hour processing for deposits
• E-wallets (Skrill, Neteller): No minimum amount for deposits
• Cryptocurrencies: Supports Bitcoin, Ethereum, and USDT
• EeziePay and Awepay: Alternative payment methods for specific regions

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.

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 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.

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:

• Trustpilot: 4.4 out of 5, with 220+ reviews
• ForexPeaceArmy: 2.7/5, based on more than 60 ratings
• REVIEWS.io: 3.8 out of 5, over 300 scores

Overall, based on the numbers above, one can say that the brokerage has achieved acceptable scores from users and trust platforms.

Conclusion and Final Words

FXCC is a Forex brokerage with a minimum deposit of 0. Also, there are no commissions for trading, deposits, and inactive accounts.

Over 77% of reviewers on the "REVIEWS.io" website have recommended the broker. Besides, FXCC's score on "Trustpilot" is 4.4/5, with more than 220 ratings.