FXCC Review 2023: Is This Forex Broker Good Choice For You
Founded in 2010, FXCC forex broker provides a manipulation-free portal and conflictless trading. The trading platform is an STP/ECN brokerage company, providing its customers with direct access to the ECN model. FXCC, a CySEC-regulated broker, offers clients access to a liquid Forex market (ECN). All of its clients have the same level of access, and all deals are completed instantly with no delays or re-quotes.
|Product Offered||Forex, Commodities, Cryptos, Indices|
|Minimum Initial Deposit||No|
|MetaTrader 4 (MT4)||Yes|
|MetaTrader 5 (MT5)||No|
|Supported currencies||USD, EUR, AUD, GBP|
|Customer Support||24/5 via Email, Phone, and FAQs Support|
Unlike Dealing Desk brokers, FXCC brokers do not accept the opposite side of deals. Counter-parties execute customer orders, stops, limits, and trades, putting FXCC firmly on the client’s side. The FXCC broker offers a lot to its clients, such as favorable trading conditions, instructional materials, and the MetaTrader 4 platform. FXCC offers reasonable currency spreads, transparent pricing, and the ability to use any trading technique. According to the FXCC review, the website is authorized and regulated by Cyprus Securities and Exchange Commission.
In this FXCC review, you will get to know about different aspects of FXCC. Catch a glimpse of this FXCC forex review before trading on the most popular trading platform.
What Is FXCC?
FXCC uses the trusted MetaTrader 4 platform, accessible as a download or online solution, to trade forex, indices, silver, and gold. The platform lacks MetaTrader 5 for Forex Trading. We log in to the Traders Hub in this broker review FXCC to look at minimum deposits, rules, leverage, and demo accounts. You can trade forex with a trading account or a demo account.
The Cyprus Securities assure secure trading forex on the website. Investments with high risks need extra thought from your side. Data and information in their server will guide you at no commission fees. In the financial markets, currency pairs are the two different currencies traded with each other.
There are two types of currency pairs you can trade. The first one is the base currency pair (e.g., USD/JPY), where the base currency is the US dollar and the base pair is the Japanese yen. The second one is crossed-pair which consists of an exchange rate between two currencies (e.g., EUR/USD). You can trade metals, trade currency pairs, stocks, forex, and other assets on the website.
The trading platform provides all clients with FXCC MT4, which is compatible with a variety of devices and major web browsers. The platform has a built-in database of over fifty indications for technical analysis and other sophisticated trading tools. Market, pending, and stop orders are also available, and integrated tick indicators are available for precise estimation. To create your automated trading robots, you may also use MetaTrader’s programming language, MQL4.
A broker should pay attention to FXCC pros and cons of trade. Approach trading on FXCC MetaTrader 4 with low spreads, competitive spreads, and different account types. FXCC offer negative balance protection to trade better. Major currencies can be traded on MetaTrader 4. A long-term trader will gradually overcome the tension to lose money. With the ups and downs of the market, you will gain experience.
Features of FXCC
One of the most significant aspects of trading as investors is not going to spend money and make profits. Putting the right foot forward is very important for potential profit among trading strategies. Tight spreads are beneficial for most traders, and FXCC has tighter spreads than other platforms. Tight floating spreads create an imbalance in the buy and sell order.
Along with providing the best forex trading account as the ECN XL account, the use of tight spreads on favorable trading conditions allows market makers to make a profit by taking advantage of it.
Tight spreads also protect from potential losses due to sudden market fluctuations. Brokers would not want to risk their capital on fluctuating markets with tight spreads that protect them from risks by providing an added layer of security.
No Commission Fees
As brokers are well aware, one of the most significant aspects of a trade is the money you don’t have to spend. The ECN XL Account at FXCC has no commission costs and spreads start at 0.0 pips. The ECN XL Account is also known as the zero accounts since it features zero deposit fees in addition to zero trading commissions and spreads starting at 0.0 pips. There are no broker commissions at this securities and exchange commission.
Diverse Trading Strategies Are Allowed
FXCC is rather agnostic when it comes to trading tactics. This broker allows hyperactive news trading, scalping, and added methods that other best forex brokers in the market may not allow. Help is given to support the versatile portfolio of trading assets.
Programs of Partnership
FXCC’s cooperation program is also excellent. This program offers high-end commissions, a customized partner site, a large selection of marketing materials, comprehensive tracking, and global payment possibilities. FXCC treats its partners as individuals, and regional partners receive support with marketing initiatives and are also given marketing funds.
Swap-free Accounts Are Provided
FXCC’s swap-free accounts are also another selling point. There will be no commissions or administrative expenses for traders using Islamic accounts and no swap fees. Islamic accounts are available upon request, and FXCC has the right to refuse to give an Islamic account if it deems it necessary.
Transparency and Security
To maintain the security of all transactions, the MT4 platform uses 128-bit encrypted connections to transport data contained between servers. FXCC also provides expanded security techniques based on public-key cryptography, which should deter fraudsters.
Services Offered by FXCC
Analysis and Reach
FXCC Broker accepts leading international banks and many local choices, credit/debit cards, UnionPay, Neteller, bank wire transfers, and Skrill. Broker in the trading platform views the processing times and minimum/maximum deposits by clicking on the + next to each option.
FXCC’s website openly delivers all required information. There are no deposit fees; however, some withdrawals are subject to internal charges, as well as third-party processing fees. The bank wires are smooth and error-free. There can be technical disputes and technical analysis.
The broker’s educational page is a good resource for beginners and traders just starting. Many of the guides include information on reading Forex charts and Forex trade. The guides also give helpful tips on how to become successful in Forex trading, including how to develop your trading strategy. For the inexperienced trader, forex trading is a sophisticated and demanding kind of trade.
A beginner trader is likely to lose money in their first few deals, but they will have a better grasp of the Forex market with adequate education and study. Under the FXCC “Education & Research” tab, you’ll also find forex trade-related e-books and an instructional glossary.
FX Capital Corp. is a global trading firm that offers financial services and products to the global investing community. FXCC also provides customer care five days a week, so if you need help while a transaction is active, there are agents accessible 24 hours a day to assist you and solve all your queries as early as possible.
Client Monetary Protection
According to FXCC, several of the processes used by the broker beyond the fundamental norms and regulations placed on it in numerous nations. All money requests are monitored by the broker to ensure their security. They have been regulated and licensed for over a decade by Cyprus Securities and Exchange, which FXCC claims aids in consumer protection. Overall, these three elements show that this broker is concerned about its clients’ experiences, even if they are new to the trade.
Forex is an acronym for the foreign exchange market. It is a market that enables the buying and selling of currencies between traders in exchange for other currencies, such as USD for EUR or AUD for USD. Forex trading is the business of exchanging one currency for another at current rates on foreign exchange markets.
Foreign Exchange Market (Forex) is where currencies are bought and sold in return for other currencies such as dollar/euro or Australian dollar/US dollar. Forex trading has become popular among professionals due to its large potential profit margins and billions of dollars being traded on an everyday basis. It has been reported that there are more professional forex traders than any other type of trader.
Cryptocurrencies are digital cuFor the inexperienced trader, forex trading is a sophisticated and demanding kind of trade. A beginner trader is likely to lose money in their first few deals, but they will have a better grasp of the Forex market with adequate education and study. Under the FXCC “Education & Research” tab, you’ll also find forex trading e-books and an instructional glossary.
FX Capital Corp. is a global trading firm that offers financial services and products to the global investing community. FXCC also provides customer care five days a week, so if you need help while a transaction is active, there are agents accessible 24 hours a day to assist you.
Client Monetary Protection
According to FXCC, several of the processes used by the broker beyond the fundamental norms and regulations placed on it in numerous nations. All money requests are monitored by the broker to ensure their security. They have been regulated and licensed for over a decade, which FXCC claims aids in consumer protection. Overall, these three elements show that this broker is concerned about its clients’ experiences, even if they are new to the trade.
Currencies that use cryptography to prevent counterfeiting and fraudulent transactions. They are based on an open-source computer protocol that is not managed by any bank or government.
Cryptocurrencies have been around for about a decade now, and in the last few years, they have seen an unprecedented rise in value. A cryptocurrency is a medium of exchange like normal money but can also be used as a form of payment without involving any middleman or a central authority like banks. The boundaries between virtual and physical worlds are blurring with the entry of cryptocurrencies.
Metals are a group of chemical elements used to make everything from coins to cars. Traditionally, many metals are considered valuable treasures because they can be used for trade or as money. Usually, gold, silver are traded.
A trading index is a numerical representation of the value of a market, such as stocks, bonds, commodities, or currency. They are usually used as an indicator of the relative performance of different investments and to highlight growth opportunities. Trading indices are used in all kinds of investment vehicles, such as mutual funds or retirement plans. They can also be used to measure the performance of individual stocks in the stock market.
The energy sector is one of the most important sectors in terms of its impact on society. It is now estimated that there will be only enough renewable energy sources to meet about 30% of global demand by 2050. That’s why it’s so important to understand how trading works in this sector and what impacts it has on society.
Is FXCC Regulated?
Yes, the FXCC brokerage firm is regulated. It has a competitive, regulatory environment for overseas clients, thanks to the Vanuatu Financial Services Commission (VFSC). Traders from the European Economic Area manage their portfolios through a Cyprus Securities and Exchange Commission-authorized subsidiary (CySEC).
The forex trading market must meet strict financial standards that include capital adequacy requirements as per its regulations. They have to submit the financial reports to the regulators on a daily basis. If they violate the regulatory requirements, FCA has the full authority to fine firms and terminate their regulatory status.
FX central clearing LTD is licensed, regulated by Cysec. Major Currency pairs, commission fees, data contained, trades, interest rates, complex instruments, open trades, log-in details are regulated by exchange commission Cysec. Real money is traded with proper market conditions through multiple devices. Past performance, central clearing, major pairs, small deposit, lowest spreads, risk appetite are all valuable along with the regulatory restrictions.
Retail trades are protected up to €20,000 by the Cyprus Investor Compensation Fund (ICF). At both companies’ primary international banks, client deposits are kept separate from corporate monies, although FXCC does not identify them. The clause may be found in the Investment Services General Conditions PDF, which can be downloaded by clients. FXCC has a spotless regulatory record and has earned a reputation for being a safe and reliable broker.
The FXCC trading platform has two operational companies, one allowed by the enterprise VFSC and the other by the CySEC, which works under the least-competitive regulatory environment in the world, ESMA.
FXCC Review: Pros and Cons
|Trading with FXCC features zero commissions. European and Australian traders can easily trade commission-free.||Metatrader 5 is not available to forex brokers.|
|There are no minimum deposit requirements to trade with FXCC. No minimum deposit will be asked from the FXCC users.||Not all brokers can participate and perceive all the services.|
|FXCC works with traders from all around the world. Thus, you will find multilingual portals and forex trading account methods.||Similar to many trading platforms, it has only one account type, and it is an ECN XL account.|
|FXCC reviews mention good trading conditions.|
|FXCC traders are offered a first deposit bonus and other deposit bonus as well.|
|Trading with FXCC offers 24/5 customer service.|
|There are zero deposit fees, cost-effective trading opportunities, very good trading conditions, financial instruments directive, technical and fundamental analysis.|
FXCC Account Opening Process
FXCC’s quick online application takes only a name and an e-mail address. Clients can also establish an account using their Facebook or Google accounts. Because FXCC is a registered and fully compliant broker, new traders must pass account verification in accordance with AML/KYC requirements. This final stage is normally satisfied with a copy of the ID and one evidence of residency document. Low floating spreads and a great trading environment will cover your real account.
Types of FXCC Accounts
FXCC has been in business for over a decade, and its knowledge of the sector has earned it a favorable reputation. The instructional materials provided, the dedicated customer support, and the absence of commission fees are all significant benefits. Despite the fact that FXCC only offers one account type and one platform, the ECN XL is a very robust offering that will suit traders of all levels of expertise.
ECN XL Account
Hedging allowed on ECN Execution accounts is an advantage, and this brokerage is one of the few that provides for scalping. Another remarkable feature of the company is there is no minimum distance to a stop loss. The maximum leverage available in the ECN XL account is 1:500, and investors can select the US Dollar, Euro, or British Pound as their base value. There looked to be a 100% bonus available.
This feature is yet to come, and there will be no minimum deposit. You have to stay tuned to the website to get updates on this particular type of account.
FXCC Trading Tools
This broker provides a wealth of training tools, many of which are fundamental in nature, such as tips on how to read Forex charting and learn the Forex market step-by-step. Many evaluations will tell you which direction the winds are blowing in the global commercial industry. Under the FXCC “Education & Research” tab, you’ll also find a Forex e-book and an instructional glossary. This feature suggests that FXCC is quite content to teach rookie traders the ropes.
Vast Range of Products
FXCC gives maximum leverage to customers who demand it and has over seventy Forex trading pairs. They provide a diverse range of economic indexes, precious metals, and energy. The US Wall Street 30, US 500, and US Tech 100 are among the indexes, as are indices from Germany, Spain, France, Switzerland, Hong Kong, Japan, and Australia.
Traders of gold, silver, and palladium can trade against their preferred currency. Gold dealers, for example, can conduct transactions in dollars or euros and vice versa. Bitcoin, Zcash, Dogecoin, Bitcoin, Ethereum, Altcoins, and Dash are all available for trade.
With FXCC MetaTrader, one may become faster, more versatile, and more accurate. This trading platform includes useful features such as adaptable trading strategies, extensive technical analysis, and algorithmic trading, despite lacking MetaTrader 5.
It is also available for PC, tablet, and smartphone users! FXCC MetaTrader manages multiple accounts for you, and expert Advisors are compatible with this tool. Accessing the platform straight from the website is a great option for users with MacOS.
FXCC is a provider of online Forex tools. They offer calculators, quotations, trading hours, and other tools to assist traders in managing their deals. FXCC seeks to provide a useful toolkit that helps you succeed in the trading market, from identifying trends and market opportunities to managing risk.
Before making a deposit, the broker must gather sufficient knowledge of the trading accounts. The main trading accounts in FXCC are:-
FXCC Demo Account
Demo account expires within 30 days and allows the broker to view charts, news, and analysis, access to the full-featured Metatrader 4 platform, including real-time experience and forex market volatility.
ECN XL Account
For this account, FXCC won the Best Forex Trading Account in 2017. It allows a minimum deposit of US $100 and leverage upto 1:300 on FX pairs, offering a swap-free option.
ECN Standard Account
This account requires a minimum deposit of US $10,000 and maximum leverage up to 1:200. Clients are charged with a spread mark-up of 1.5 pips for FOREX pairs.
ECN Advanced Account
The minimum deposit is US $100,000 with leverage up to 1:100. But this account provides access to over 200 financial instruments, and the clients are charged with 0.8 matk-up pips for FOREX pairs.
As per many online FXCC reviews & research, we can say that FXCC provides traders with a commission-free trading environment as well as spreads that are reasonably competitive. The EUR/USD fluctuates between 0.0 and 0.4 pips, with occasional surges during market news and trading session pauses, as FXCC clearly displays on its website. It has great operating systems, daily technical analysis, custom indicators, different funding methods, copy trading with almost zero spreads.
The FXCC account uses an ECN/STP execution approach and does not tamper with quotations. Swap rates apply to leveraged overnight positions, and FXCC tells clients how to get the most up-to-date prices, which many brokers skip. Currency exchange markups are still at the purview of FXCC.
The general price environment is reasonable, ranking in the middle among worldwide rivals. FXCC’s competitive situation is strong. Everyone who trades with an FXCC broker here will eventually obtain their outcomes. Particularly considering the broker has only one ECN XL account with spreads starting at 0 pips and no fees.
Companies often charge deposit fees to finance their trading activities and also as a means of making money. The main purpose of these fees is to ensure that no traders can withdraw their funds while they are still in the market, which would result in unfair trade. Deposit Fees vary from company to company, so it is important for traders to know how these work before opening an account with any firm or platform. There are no deposit fees for the USD, EUR, GBP currencies.
Withdrawal fees are the amount charged by a trading platform for withdrawing funds from an account. Trading platforms usually charge a withdrawal fee to discourage users from withdrawing funds after losing money with them.
There is no standard withdrawal fee because each platform has its own policy regarding this matter. Some platforms set low withdrawal fees while others have high ones. It all depends on what they perceive as the risk of losing their customers’ money with them. There are no fees involved in the FXCC withdrawal methods, and you can withdraw money with ease. In the case of USD, a fee of 30-45 dollars is charged. The minimum withdrawable amount is 50 dollars for ECN XL and ECN Standard accounts.
FXCC Deposit & Withdrawal Options
To comply with the anti-money laundering guidelines, funds will be withdrawn as they were received and up to the initial deposit amount. FXCC offers a number of deposit and withdrawal processes, including a zero deposit fee, which will be paid by the FXCC payment processor upon deposit.
- Visa/ Mastercard: Deposits usually take one hour to complete and 5 to 6 days to clear. FXCC does not charge an additional fee for withdrawal.
- Bank Wire Transfer: It takes almost 5-7 working days for deposit transactions. Withdrawals take 5-7 working days to reach a trader’s account, and the fee for each transaction is 30 USD – 45 USD.
- Union Pay: Deposits are processed within one hour. It takes 3 – 5 days to withdraw and costs 30 USD – 45 USD.
- Neteller: Within one hour, the deposits are processed, and withdrawals happen in real-time. But the clients are charged 2.7% on the amount they have withdrawn.
- Skrill: Same as Neteller, it takes one hour for processing of the deposits, and the clients are charged 2.7% on their withdrawal amounts.
FXCC Bonuses & Promotions
FXCC once had a series of bonuses and promotions, but now only one is active and is applicable for the clients of the Vanuatu subsidiary. EU-based traders have no access to bonuses and promotions, banned by ESMA since 2018 when it decided to create an unrivaled trade environment in the EU. The current 100% first deposit bonus promotion doubles the equity of the account with the first deposit.
This bonus is based on MetaTrader 4 credit performance, and as soon as an account reaches a certain margin level, the credit goes away. The resulting bonus cannot be used to offset losses, but it does result in high leverage up to 1:1000 for all trading instruments.
Although as per FXCC review, we can say that there are various deals available for Forex traders. VPS integrates Forex trading with Forex businesses and also provides a deposit incentive in accordance with regulations. According to FXCC, clients may save time and money by using a Virtual Private Server and get more access, more security, and faster speeds. If you have started trading with the platform, you might not receive
FXCC Loyalty Program
The FXCC loyalty program offers its members lucrative bonuses and benefits. FXCC’s loyalty program is not your typical loyalty program, and it does not offer the standard reward points that are earned for every dollar spent. Instead, FXCC offers its members different rewards depending on how often they trade.
FXCC offers its members bonus points at higher levels of involvement through various activities such as buying shares in company stocks, getting subscriptions to certain services, or taking part in seminars. Unlike most brokers, FXCC has comparatively low margin requirements. Regulatory authorities value your investment objectives. A new broker can continue trades on the website to earn more money. An account with FXCC provides assets, spreads, swaps, and significantly less commission fees. You can order execution of your trades liquid assets whenever you want.
Resources Offered by FXCC
A currency converter is a useful tool for traders. To encourage businesses to stay on their site longer and make recommendations to their friends, FXCC also offers a wealth of other resources that customers can use to improve their business activities greatly.
Articles on Forex Trading
These educational articles help greatly to select from currency trading basics to how to choose a currency broker. These articles offer an invaluable education for the customers who are just starting to invest their money in forex trading. They also help a veteran trader to get accustomed to something new.
Forex News Development
Exchange rates are influenced by a variety of factors like upcoming and political environments that can affect that respective country’s economic condition. There are also forex calendars that can help schedule upcoming events that can cause volatility of the currency markets.
Customized Converter Tools
If the customer has his website, he can integrate a free currency converter widget with a banner ad displayed. He can also get premium customization that will allow him to add the widget to his site without any advertisement for an annual fee.
Only using the currency converter can never be enough for a business. There are many websites that offer feeds on currency price data on commercial business, which are gathered from a range of reliable sources.
As our lives have become ongoing, so to access trading remotely, many apps have developed over the years. Suppose the customer wants to keep in touch with currency prices remotely. In that case, he can download or install mobile apps like currency converter apps for various digital services like tablets, mobile phones, and laptops. Thus using these mobile apps, the customer can earn good money on forex trading and offers a great advantage on trading experience.
Making your FXCC review or consulting someone else’s FXCC review can be helpful to local brokers. A good broker-proved website motivates other brokers. Discuss the financial markets with a few brokers and put the right foot forward. Exchange Commission Cysec securities approved the website making it reliable. You do not have to worry about trade stocks, clients’ funds, account equity, trading fees, trading environment, trading performance, retail clients, and more.
FXCC Affiliate Program
An affiliate program is an automated electronic program involving a web advertiser and a hired webmaster. These webmasters, as affiliates, place company ads on their privately owned websites. Webmasters that join the FXCC affiliate program may increase their earnings by promoting their high-quality financial products, effective and flexible trading services, and reliable technological platforms.
FXCC affiliate program scheme is said to be one of the most competitive in the forex industry and allows the advertiser to earn. The advertiser is empowered with marketing resources like banners, landing pages, widgets, logos, all embedded with a personal tracking ID. The main aim is to start promoting the FXCC broker website by driving traffic to their websites.
The MT4 mobile app lets you enter your login details to your trading account from any location. The cutting-edge technology has received positive feedback and reviews online for its user-friendly interface and dependability. The program offers 30 technical indicators, several periods, and a live broadcast of market prices. It also includes an economic news feed and a detailed trade history.
Cysec regulation is always on mobile platforms. FXCC broker provides clear details regarding pending orders, swaps, spreads, Metatrader 5 availability, assets, leverage, spot metals, inactivity fee, analytical objects, and many more. Like many brokers, it gains extra preference by traders as it is regulated by Cysec. It is the best broker with license number, great market orders, and an institutional-level support team to guide you. FXCC app provides you with comfort as you can avail the features and trading strategy from anywhere on your phone.
FXCC Security Measures
The payment provider pays attention to virtual money, trading purposes, FXCC features, trade security, and more. The broker strives to be “trustworthy, honest, and fair,” according to the FXCC review. The trader looks trustworthy, and traders seem to appreciate it based on the prizes it has received at the UK Forex Awards (including “Best Forex Trading Account”).
While this may seem like a lengthy period in contrast to other brokers, the broker FXCC has more than a decade of experience in the sector. The business concept of broker FXCC is built on STP (Straight Through Processing), which involves sending orders directly to financial institutions. This minimizes the possibility of conflicts of interest or price mark-ups, allowing this broker to be quite dependable in terms of deal execution.
FXCC Customer Support
As per FXCC review and our research, we can conclude that the platform provides multilingual customer service 24 hours a day, seven days a week through phone, email, or live chat. By clicking on the chat logo in the lower right-hand corner of the page, you may access the live chat service. However, users can access the FXCC FAQ section to solve small queries and doubts.
- Contact FXCC at [email protected],
- They can be contacted via call as well,
- The chat crew can assist you with withdrawal issues, account kinds, registration questions, and more.
Topics regarding trading style, client Funds, investment advice, mobile trading are well-versed through customer support. New traders might find it scary to start trading into brokerage services. Customer support provides information regarding market analysis, educational resources, ECN account, and margin requirements are all provided to new traders by the customer support.
FXCC Review: Conclusion
You can build a diverse trading portfolio and access fully compatible, excellent trading conditions. Long ago, such methods were time-consuming. The best trading conditions in FXCC have become a great success. The users hardly face any technical problems, and the company offers competitive leverage and highlights user reviews.
The forex broker gives an FXCC demo account to test trading conditions, trading tools, trading instruments, financial markets, trading bots, foreign exchange market prices, trading CFDs, algorithm trading, and many trading assets. FXCC broker is not a dealing desk broker, and online trading of a financial instrument on mobile devices can be done.
Necessarily real-time updates, new strategies, good spreads, automated trading are highly regarded among users. Accounts with FXCC broker provide services of really good trading conditions, and the services of FXCC offer good news over a certain period. Broker FXCC provides forex, stocks, leveraged products, silver, and gold trading using the renowned MetaTrader 4 platform, accessible for download or as a web-based solution.
Forex Companies constitute financial advice to your real trading account with a virtual private server. Algorithmic trading with maximum leverage serves important informational purposes. Attractive trading conditions, mobile trading, MT4 trading platform, risk warning, no hidden charges, demo account are eye-catching for trading forex.
Is FXCC Legit?
According to the review, FXCC is a multi-asset broker with two subsidiaries and is not a scam. It is a legit broker with regulatory supervision from VFSC and CySEC. It maintains adequate capital, separates client deposits from corporate funds, offers negative balance protection and audits. Due to the companies approved by the EU member states, the forex brokers automatically deal with cross-border registration in its state under the EU Markets in Financial Instruments Direct (MiFID), which allows the provision of services within the EEA.
Is FXCC Safe?
The most important part while choosing a broker like FXCC, the administrative body, and the regulatory status of that broker. If the broker is without any supervision of a regulatory body, the capital which will be invested is at risk. But according to the Cyprus Securities and Exchange Commission (CySEC), FXCC is not a scam but a regulated market and is considered a low-risk trading broker. As it is a member of an EU Member State, the brokers operate under EU Markets in Financial Instrument Directive (MiFID), which means the capital to be invested is safe.
Is FXCC Regulated in Canada?
As per the ECN model, for Canadian traders, the FXCC traders make the forex trade simple and secure. The customers’ transactions are done on time, and they are completely reliable. Due to favorable conditions and narrow spreads, the brokers can also score points. But further improvement is required in terms of retail and the deductions which are made due to the lack of training opportunities. Except for this, the customer service is highly appreciated.
Is FXCC a Good Broker?
Offering ECN prices without any commissions, FXCC is considered a good all-rounder broker. It also offers the most popular trading platforms like MT4. Established in 2008, over 10.000 traders and brokers use this platform for forex trading. Other than forex trading, FXCC also allows CFD Trading and Share Dealing Trading.