FXCC, which is regulated by CySEC, gives clients access to a liquid Forex model (ECN). All of its clients have equal access, and all deals are completed instantly, with no delays or re-quotes. The broker does not take the opposite side of deals, which sets it apart from Dealing Desk brokers. Client orders, stops, limits, and trades are conducted with third parties, indicating that FXCC is firmly on the client’s side.
This broker offers a lot to offer its users, such as favorable trading conditions, training materials, and access to the MetaTrader 4 platform. FXCC offers reasonable forex spreads and transparent pricing, and this No Dealing Desk broker permits any form of trade strategy (as detailed further down).
FXCC’s most popular trading account, the “ECN XL Account,” with changeable spreads starting at 0.0 pips and a maximum leverage of 1:500 depending on regulation. This broker will appeal to Islamic traders since it offers a swap-free account. Overall, FXCC is a fantastic broker. Though every broker has advantages and disadvantages, the advantages significantly favor this trading hub.
.
FXCC Pros & Cons
✅ Regulated by CySEC, ensuring a certain level of safety and security for clients | ⚠️ Limited range of trading instruments, with a focus on forex |
✅ Offers a true ECN model, meaning that clients receive direct market access with no dealing desk intervention | ⚠️ Higher minimum deposit required compared to some other brokers |
✅ Competitive forex spreads and transparent pricing | ⚠️ Limited educational resources compared to some other brokers |
✅ Allows any type of trading strategy, including scalping and hedging | |
✅ Access to the popular MetaTrader 4 platform |
Who Is FXCC Recommended For?
FXCC is recommended for traders who are looking for an ECN broker with competitive forex spreads, transparent pricing, and no dealing desk. It is suitable for traders who prefer the MetaTrader 4 platform, and who require fast and reliable trade execution without any delays or re-quotes. FXCC is also suitable for traders who use any type of trading strategy, including scalping and hedging. Additionally, Islamic traders may find FXCC appealing due to its swap-free account option. Overall, FXCC is a good option for traders who value transparency, fairness, and good trading conditions.
Top FXCC Features
- Tightest Spreads, No Commission Fees: FXCC offers tight spreads starting at 0.0 pips and no commission fees for the ECN XL Account, making it an attractive option for traders.
- All Trading Strategies Allowed: FXCC allows traders to use any trading strategy they prefer, including scalping, news trading, and hyperactive trading.
- Partnership Program: The FXCC partnership program offers high-end commissions, a tailor-made partner portal, a wide range of marketing materials, advanced tracking, and global payment options.
- Transparency: FXCC delivers real-time executable spreads for popular instruments, which allows traders to make informed decisions based on accurate information.
- Swap-Free (Islamic) Accounts: FXCC offers Islamic accounts that do not charge any commission or administrative fees, making it a great option for traders who follow Islamic principles.
FXCC Overview
FXCC is a non-advisory/executionary broker that is regulated and licensed by the Cyprus Securities and Exchange Commission. It accepts clients from all countries except for the United States and offers assets such as foreign exchange, commodities, indices, CFDs, and cryptocurrency. FXCC’s trading platforms are available for PC, smartphones, and tablets, with mobile compatibility for iOS and Android. The broker accepts payment types including credit/debit card, bank wire transfer, Skrill, Union Pay, Neteller, and Paymero.
FXCC Account Types
FXCC offers four different account types to meet the needs of different types of traders. Here are the details:
- ECN Standard Account: This account type is designed for new traders or those with smaller account balances. It requires a minimum deposit of $100, and offers variable spreads starting from 0.1 pips, with maximum leverage up to 1:500.
- ECN XL Account: This account type is designed for experienced traders and requires a minimum deposit of $10,000. Spreads are also variable, starting from 0.0 pips, with maximum leverage up to 1:500.
- ECN Advanced Account: This account type is for professional traders who require advanced trading tools and features. It requires a minimum deposit of $100,000 and offers variable spreads starting from 0.0 pips, with maximum leverage up to 1:200.
- ECN VIP Account: This account type is for high net worth individuals and institutional clients. It requires a minimum deposit of $500,000 and offers variable spreads starting from 0.0 pips, with maximum leverage up to 1:100.
Regulation and Security
FXCC is regulated by the Cyprus Securities and Exchange Commission (CySEC), which is a reputable regulatory body. The broker adheres to strict regulations, including maintaining segregated client funds and having a negative balance protection policy.
Additionally, FXCC uses SSL encryption to secure all communication between the client and the broker’s servers. The broker also employs two-factor authentication to ensure that only authorized persons can access the trading account.
FXCC is a No Dealing Desk broker, which means it does not take the other side of trades. Instead, it matches client orders with counter-parties, ensuring that the broker is always on the client’s side. This significantly reduces the potential for conflicts of interest between the broker and its clients.
Conclusion on FXCC
FXCC is a well-regulated and reputable broker that offers access to a range of trading instruments, including forex, commodities, indices, CFDs, and cryptocurrencies. The broker provides a reliable ECN trading model that ensures fast execution with no delays or re-quotes. FXCC is also a no dealing desk broker, which means that it doesn’t take the other side of trades and that client orders, stops, limits, and trades are executed with counter-parties, putting the broker firmly on the client’s side.
FXCC provides tight spreads, no commission fees, and a range of trading strategies are allowed, including scalping, news trading, and hyperactive trading. The broker also offers a partnership program with high-end commissions, a tailor-made partner portal, wide range of marketing materials, and advanced tracking, making it an excellent choice for those looking to partner with a broker. Additionally, FXCC provides transparent pricing, swap-free Islamic accounts, and supports multiple payment methods.
Overall, FXCC is a trustworthy broker that provides traders with the necessary tools and conditions for successful trading. Its strong regulation, reliable ECN trading model, and customer-focused approach make it an attractive choice for traders looking for a reputable and reliable broker.