FXCess Broker Review 2025

FXCess, headquartered in Bermuda with the legal name Notesco Limited, provides 2 account types [Classic, ECN] with a contract size of 1 lot. The ECN one allows trading without any spreads at a cost of $4.5 per lot.

The other account charges no commissions, but comes with variable spreads from 1.7 pips.

Company Key Information and Regulation Licenses

FXCess operates under the legal entity Notesco Ltd., registered in Bermuda, and is licensed by two offshore regulatory bodies:

• The Financial Services Authority (FSA) of Seychelles
• The Financial Services Commission (FSC) of the British Virgin Islands (BVI FSC)

Although FXCess is officially regulated, both entities are considered offshore Tier-3 regulators. These provide only basic investor protections and do not offer deposit insurance or compensation schemes.

While FXCess does apply negative balance protection, it lacks Tier-1 regulatory oversight, and its operational track record is under 8 years. Traders should weigh these factors when assessing the broker’s overall trustworthiness.

Key Features and Important Specifics

To give you a quick overview of what FXCess offers, here's a summary table of its key features among forex brokers:

Trading Accounts Overview

FXCess provides four distinct account types, each catering to a different segment of traders:

• Standard Account: Best suited for beginners, this account requires a minimum deposit of just $10 and offers spreads from 1.7 pips. It also supports Islamic (swap-free) trading
• Premium Account: A step up from the Standard, offering improved trading conditions, though it requires a higher deposit (exact amount not disclosed)
• VIP Account: Designed for experienced traders seeking personalized services and tighter spreads
• ECN Account: Built for active traders, this account offers raw spreads from 0.0 pips with a commission of $4.50 per side per lot

All account types are accessible via the MetaTrader 4 platform and support popular base currencies, including USD, EUR, GBP, JPY, and BTC. The minimum trade size across accounts is 0.01 lots. Margin calls occur at 80%, and stop-outs are triggered at 50%.

Advantages and Disadvantages

Like any broker, FXCess has its strengths and weaknesses. Here's a balanced view of what the broker offers:

Sign Up and Verify Your Account on FXCess

Opening a new trading account with the FXCess broker is easy and beginner-friendly. FXCess registration:

#1 Access the FXCess Registration Portal

Visit the official FXCess website and click on “Open Account” to begin.

#2 Submit Basic Contact Details

Enter your email, country of residence, and phone number. Set a secure password using a mix of characters. If applicable, add a promo code.

#3 Configure Trading Preferences

Choose your trading platform, account type, desired leverage, and preferred account currency. Optionally, activate a bonus offer.

#4 Provide Personal & Regulatory Details

Complete your profile with your full name, nationality, and citizenship status. Accept the terms and conditions, then submit your application.

#5 Verify Your Identity and Address

After registration, traders must complete the FXCess verification process by providing the necessary documents, including an ID card, driver's license, and passport for identity KYC. For address verification, traders must upload a valid utility bill or bank statement no older than 3 months.

Trading Platforms and Facilities

FXCess primarily offers the industry-leading MetaTrader 4 (MT4) platform for forex and CFD trading. MT4 is renowned for its powerful features and user-friendly interface, making it suitable for both novice and experienced traders.

The lack of variety in available trading software could be a drawback for some traders.

Trading Spreads and Overall Costs

FXCess applies a cost structure that varies by account type, offering low overall trading and non-trading fees:

• Standard Account: Commission-free trading with floating spreads starting at 1.7 pips. Designed for entry-level traders, this account integrates transaction costs directly into the spread
• ECN Account: Offers institutional-grade pricing with raw spreads from 0.0 pips and a commission of $4.50 per lot per side. Real-market average spreads include 0.08 pips on EUR/USD and 0.235 pips on GBP/USD

Non-trading fees are minimal. FXCess does not charge for deposits, withdrawals, or inactivity. This competitive fee model makes it particularly attractive to high-frequency and long-term traders alike, especially on the ECN account.

Available Funding Methods on FXCess Broker

FXCess offers a reasonable set of funding methods that support both traditional and crypto-based transactions:

• Bank Transfers: Processing time of 2–5 business days, depending on the bank
• Credit/Debit Cards: Supports Visa and Mastercard; deposits are typically processed instantly
• Cryptocurrency: BTC, Ethereum, and USDT are accepted
• E-Wallets: Skrill and Neteller are available for faster digital transfers

All transactions benefit from zero deposit and withdrawal fees. The broker supports five base account currencies: USD, EUR, GBP, JPY, and BTC. The minimum deposit requirement is $10, while the minimum withdrawal amount is $100.

Although FXCess does not support PayPal or Wise, its multi-currency support and crypto payment options make it accessible for a wide range of global traders.

Copy Trading Options and Investment Programs

The broker offers a Multi-Account Manager (MAM) service, which allows professional traders to manage multiple client accounts simultaneously. This feature is particularly useful for money managers and institutional clients.

While FXCess doesn't offer a traditional copy trading service like some other brokers, its MAM solution provides a way for less experienced traders to benefit from the expertise of professional traders. This brokerage offers this solution on a Personal Multi-Account Manager (PMAM) platform.

What Are The Trading Instruments and Available Symbols on FXCess?

This firm offers a wide range of tradable instruments in a long list across multiple asset types:

• Forex: Over 80 currency pairs (e.g., EUR/USD, GBP/USD)
• Metals: Gold, silver, etc.
• Indices: UK 100, Wall Street, Germany 10, and more
• Commodities: Including US crude oil, Brent crude oil, coffee, sugar, etc.
• Shares/Stocks: Popular companies like Apple, Google, Meta, and Microsoft
• Futures market: Futures contracts on available symbols

With over 300 instruments available, FXCess provides ample opportunities for portfolio diversification and access to global financial markets.

Bonuses and Promotional Offers

This brokerage offers an attractive Introducing Broker (IB) Reward Program, allowing IBs to earn cash rewards for referring new active clients. The program includes:

• Monthly rewards up to $5,000
• Tiered reward levels from Bronze to Master
• Rewards based on referrals' net money inflow and traded lots

In addition to the IB program, FXCess offers deposit bonuses such as:

• 100% Sharing Bonus
• 40% Power Bonus
• Credit Bonus

These promotions are subject to terms and conditions, and traders should carefully review these before participating.

Support Services: Channels and Active Hours

Support is crucial in a financial firm and should be seriously considered. FXCess provides its customer services through various channels:

• Email: support@fxcess.com
• Live Chat: Accessible through the website
• Phone Call: +44 203 150 1111
• Ticket Submission System: In the "Contact Us" page of the website

The support team is available 24/5 and does not work on weekends. This is a drawback since some of the competitors provide 24/7 support.

What Countries Do Not Have Access to FXCess Services?

While FXCess aims to serve a global client base, there are restrictions on services in certain jurisdictions due to regulations and international sanctions. Based on the official list provided by the company, residents of these regions are prohibited from signing up with the broker:

• United States
• Iran
• Cuba
• Sudan
• Syria
• North Korea

Trust Scores and Evaluations

FXCess has received above-average reviews from traders across various platforms. However, on ForexPeaceArmy it has received a scam notice, which will be discussed below:

• Trustpilot: 3.9/5, more than 220 reviews;
• REVIEWS.io: 4.5/5, over 100 ratings;
• ForexPeaceArmy: Scam notice allegedly related to the scam broker IronFX.

While the claim made by FPA does not necessarily mean that FXCess is a scam company, traders should exercise extreme caution and conduct thorough research before making any deposits.

Education Content Offered by FXCess

This broker provides mediocre resources for educational matters. To be more precise, the website consists of a "Blog" page with articles in these topics:

• Market insights and analysis
• Risk management
• Trading concepts
• Trading platform

Moreover, there is an FAQ section on the website with questions and corresponding answers. No search option is available on this page.

FXCess in Comparison with Other Forex Brokers

To better understand the pros and cons of trading with the FXCess, let's compare it to other Famous Forex Brokers.

Conclusion and Final Words

FXCess provides 24/5 support with 4 contact channels [email, live chat, phone call, ticket.] The company has received an average score of 4.5/5 based on over 100 user ratings on REVIEWS.io. Furthermore, its trust score on the Trustpilot website is 3.9/5, with more than 220 reviews.