General Information & Regulation
Fxcess is an online forex broker registered the United Kingdom, offering its clients access to a wide range of trading assets, advanced MT4 trading platform with leverage up to 1:500.
Markets Instruments
Tradable financial instruments available on the Fxcess website include currency pairs, indices, and cryptos.
Minimum Deposit
Fxcess demands a minimum deposit of $10 – this seems perfectly within what most brokers demand to start up a micro account and significantly cheaper than standard accounts, which cost between $100 and $200.
Leverage
The leverage that Fxcess provides goes up to 1:500. This is an insanely high amount and not one that licensed brokers usually offer – most regulatory bodies have seen offering such high leverage as quite detrimental to the retail trader and placed a much lower cap on the amount that such traders can use.
Spreads & Commissions
Fxcess says it offers extremely low spreads, with spread on the EUR/USD as low as 0.0 pips. The total cost of trading is computed using spreads by many forex brokers in today's market; as a result, brokerages that offer competitive spreads have significant client demand.
Trading Platform Available
Fxcess provides access to the Metatrader 4 platform for desktop and a web-based platform derived from Metatrader. Of course, Metatrader is considered to be the industry standard with many useful features like expert advisers.
Deposit& Withdrawal
No minimum initial deposit specified; you can fund your account with as little as $10. Most shockingly, however, you can deposit without proof of Identity. The funding methods are Wire Transfers, Skrill, Neteller, Coinbase and Credit/Debit cards.
