Abstract:FXCC claims to be an ECN/STP online broker founded in 2010 by a group of professionals with experience in foreign exchange, providing online trading services for professionals, active traders, hedge fund managers, and corporate clients in foreign exchange CFDs, etc.
General Information & Regulation
FXCC claims to be an ECN/STP online broker founded in 2010 by a group of professionals with experience in foreign exchange, providing online trading services for professionals, active traders, hedge fund managers, and corporate clients in foreign exchange CFDs, etc. FXCC currently holds a straight-through license from CySEC in Cyprus, license number 121/10, and its UK The FCA EU authorization license it held has been revoked, and several complaints about the brokerage firm have recently come to light.
Market Instruments
FXCC's trading assets cover Forex pairs, cryptocurrencies (Bitcoin, Litecoin, and Ethereum), metals (gold, silver, platinum, palladium), energies (Brent cash, West Texas crude oil, and natural gas), and indices (the UK, European and Asian indices).
Minimum Deposit
There are three ECN-type trading accounts available on the FXCC platform: ECN Standard, ECN XL and ECN Advanced accounts. The minimum initial deposit for starting a ECN XL account is $100, while the requirement soars to 10,000 for opening a ECN Standard account, which is incredibly high.
FXCC Leverage
Maximum trading leverage offered by FXCC is up to 1:500, and a swap-free account with no SWAP depending on the investor's needs. In addition, corporate clients are required to download and complete an account opening questionnaire, a sample client signature, a special corporate authorization form, and a board resolution to open an account.
Spreads & Commissions
The FXCC platform offers a no-commission trading environment and charges spreads as the cost of trading, with spreads ranging from 0.0 to 0.4 pips for EURUSD, 0.4 pips for GBPUSD, and 0.6 pips for GBPJPY.
Trading Platforms Available
FXCC offers investors the popular MT4 trading platform, as well as the MT4 PC, MT4 Mobile (for iOS and Android), MT4 Tablet (for iOS and Android), and MT4 Multi-Terminal.
Deposit and Withdrawal
FXCC supports traders to deposit and withdraw funds from their investment accounts via bank wire transfer, Skrill, Neteller, VISA, Mastercard credit/debit cards.
Customer Support
Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat. FXCC also has seven social media channels. The FAQ section answers many of the most common questions.FXCC provides 24/5 customer support to clients.