FXCC.com review

FXCC.com review

Author
  • Website
  • Trading Platforms
  • Support

Information

FXCC is a relatively new Forex broker. It was founded in 2010 and is regarded as a company that offers optimum trading conditions along with a host of features that have attracted Forex traders from around the globe. FXCC is an ECN, rather than a dealing desk. This enables traders to deal in neutral prices which reflect real market conditions only and are not influenced by the client’s direction based on forex trading strategies, tactics or current market positions.
FXCC is headquartered in Limassol, Cyprus and is regulated by CySec, FSA, MiFid and ICF.

Accounts

There are 3 different trading accounts at FXCC- Mini, Standard and Advanced. Most of the FXCC features, including scalping, are available on all three accounts. Leverage for the first two is 1:300 and on the Advanced it is 1:200.
Although the website indicates several times that they offer a practice account, I was unable to find any additional details as to how much funding they provide and for how long this account can be used.
Also mentioned is their Islamic account for those who follow the Sharia laws, but here too there were no additional details.

Platforms

FXCC offers the popular MetaTrader4 platform. The platform interface is full of relevant information so that traders won’t be lacking the tools and charts they need to trade successfully. The MetaTrader 4 Multi Terminal is an integral part of the MT4 package and was created to allow money managers and professional forex traders to manage multiple Forex trading accounts simultaneously.
There are several other platforms to choose from. Multiple account holders and money managers can opt for the MetaFx MAM (multi account manager) software which has significant advantages over the MetaTrader Multi Terminal. The FXCC SIRIX WebTrader is a fully compatible browser-based trading platform which enables immediate execution and real time streaming. It does not require any downloads or installations.
Social trading is offered through Zulu Trade and the FxStatTradebook, a new and automated social trading service that enables investors to follow the activity of other best performing FxStat market participants. Mobile applications are also available.

Features

There are 30 currency pairs to trade at FXCC. Variable spreads start at 0.1 pip but are slightly higher on some of the broker’s more exotic pairs. Other useful features include relatively low spreads on rollovers, as well as unlimited scalping, hedging and a commitment to no requotes.
The FXCC website is intuitive and user-friendly. Accounts can be funded in USD, EUR or GBP, via credit card, wire transfer, Neteller, MoneyBookers or Union-Pay. PayPal is not currently available. Withdrawals must be made in the same way that deposits are made.
At the FXCC School, beginner and advanced traders can move through a series of tutorials in nine different languages. The classes start with the basic information every trader needs and progresses to Forex tools, trading strategies and more advanced technical analysis.
FXCC’s chat support team is pleasant and knowledgeable. Emails are received and answered within 24 hours. In addition, FXCC offers local phone support in 40 countries for those who prefer voice-to-voice contact.

Summary
Reviewer
Victor Polonsky
Review Date
Reviewed Item
FXCC.com
Author Rating
5