FXCC Review

Minimum Spread :   0.01
Foundation Year :   2010
Min Deposit $ 100
Broker Trusted Point+10
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FXCC Review 2020

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FXCC Review 2020 A Broker On Your Side: FXCC started its business in 2010. It is a Forex No-Dealing-Desk (NDD) Broker, which has around 30 currency pairs, two precious metals, as well as indices. FX Central Clearing Ltd., which is the organization working the trademark FXCC, is a Cyprus venture organization (CIF). It is authorized as well as directed by the Cyprus Securities and Exchange Commission (Cysec), under CIF License Number 121/10.

FXCC Broker Features

Trading Account Types

ECN Standard Account

  • Minimum deposit 10,000–100,000 euros
  • Available base currencies EUR, USD, GBP
  • 30 Instruments
  • Leverage up to 1:30
  • Minimum lots 0.01

ECN XL Account

  • A minimum deposit of 100–10.000 euros
  • Available base currencies EUR, USD, GBP
  • 30 Instruments
  • Leverage up to 1:30
  • Minimum lots 0.01

ECN Advanced Account

  • A minimum deposit of 100,000+
  • Available base currencies EUR, USD, GBP
  • Instruments 200+
  • Leverage up to 1:30
  • Minimum lots 0.01

FXCC: Trading Platform

Like most brokers, FXCC is good with the honour winning and famous Metatrader 4 (MT4). This platform is the favoured decision of the most experienced traders and apprentices. The platform includes a progression of specialised markers, a progressed graphical bundle, and a full scope of Expert Advisors (EA). The platform is accessible in desktop and mobile adaptations for use on smartphones and tablets. FXCC customers are offered a multi-account arrangement through MetaTrader 4 MultiTerminal, which is an incorporated piece of the MT4 bundle.

FXCC Broker Leverage

The broker offers its customers various sorts of leverage, contingent upon the account they have. All leverages are inside boundaries that the ESMA prescribes to controlled brokers in Europe, similar to the case with this broker. The following is a table with data on the leverages advertised:

  • ECN Standard: Up to 1:200
  • XL of ECN: Up to 1:300
  • ECN Advanced: Up to 1:100

Trade Sizes

At FXCC, micro-lots (0.01 lots) are accessible for trading on each of the three account types. It is superb for the individuals who use tight cash the board plans, just as for the individuals who are chance unwilling. The estimate related to a micro-lot will change by the benefit. However, being able to trade with littler position sizes is still broadly viewed as a bit of leeway for FX traders.

Trading Costs

Notwithstanding the spreads, which will occur in a later segment, FXCC applies commissions for the lot traded. Here is a synopsis of these expenses as indicated by the kind of account:

  • ECN XL: Zero Commission
  • Standard of ECN: 0.75 per side (Metals 7.50 per side)
  • ECN Advanced: 0.4 per side (Metals and Energies 4 for every side)

Another cost to consider is the Swap fee, a cost that you will have if one has an Islamic account. The Swap is any position held for the time being, which will acquire an upkeep cost (intrigue). This sum can be negative or positive relying upon the instrument and the heading of the position. The national bank of the base money of the vacant position fixes its quantity.

Assets

The assets options are not extremely broad, and they are constrained to 28 currency pairs and two metals.

Spreads

Spreads differ contingent upon the kind of account the customer has. This broker offers genuinely close factor spreads, with a normal of 0.4 pips in the EUR/USD pair. Notwithstanding, commission fees apply to practically the entirety of your accounts. Spreads in the Standard account type add up to 1.5 pips back. The regular trading expenses would be 1.9 pips in EUR/USD, which is a high incentive for the foreign exchange market. We, in this way, suggest the ECN XL account type, which is the primary account that has no commissions.

Deposit Methods & Costs

  • Visa or Mastercard
  • Bank Wire Transfer
  • Neteller
  • Skrill
  • Neosurf
  • Sofort
  • Rapid
  • Paysafecard

Withdrawal Methods and Costs

  • Visa or Mastercard
  • Bank Wire Transfer
  • Neteller
  • Skrill
  • Neosurf
  • Sofort
  • Rapid
  • Paysafecard

Withdrawal Processing & Wait Time

  • Visa or Mastercard: 5-10 Days
  • Wire Transfer: 5-7 Days
  • Neteller: Real-Time
  • Skrill: Real-Time
  • Neosurf: 5-10 Days
  • Sofort: 3-5 Days
  • Rapid: 3-5 Days
  • Paysafecard: N/A Withdrawal by Bank Wire

Bonuses and Promotions

FXCC currently has no bonuses or promotions. The broker has an Introducing Broker program. This program is held to compensate people or organizations who allude new customers, and they open trading accounts with DV Markets. Each time one of the customers you have demonstrated to play out an exchange, your account will be compensated progressively. There are no constraints on the quantity of customers or transactions.

FXCC Broker: Educational and Trading Tools

FXCC has an “education focus” where one can find accompanying subjects about:

  • What is ECN Forex Trading?
  • Forex ECN Trading Model versus Fixed Spread Forex Broker Trading
  • Essential Characteristics of EUR/USD Trading
  • Understanding Forex Rollover (Swaps)
  • Forex Slippage versus Value Improvement
  • The idea of Leverage Explained
  • Significance of Economic Indicators

It additionally has a glossary of terms identified with foreign exchange and a digital book where it tends to the accompanying themes:

  • The Correct Trading Strategy to Match your Lifestyle
  • The Traders Mindset
  • Cash Management
  • Straight Through Processing
  • The most effective method to Build a Winning Trading Plan
  • Technical and Fundamental Analysis
  • The utilization of Stop Orders
  • Your Trading Plan
  • A prologue to the Basics of Price Action Trading
  • Scalping as a Trading Strategy
  • Day Trading as a Trading Style

FXCC additionally has also an economic calendar, an apparatus that we generally consider extremely valuable for traders. It helps in locating the most significant occasions of the day, and that can influence various resources. The broker additionally has a Daily Technical Analysis, where one can perform technical analysis of numerous currency pairs. It offers a fantastic economic news segment, total, and a blog where it likewise gives a market watch. 

FXCC Customer Service and Support

ADDRESS: Amorosa Centre, 2nd floor, 2 Samou Street, 4043 Yermasoyia, Limassol, Cyprus

TEL: +357 25 870750 , +357 25 025001

FAX: +357 25 030523

Working Hours: Monday – Friday. 24 hours

EMAIL: info@fxcc.com

Demo Account

The brokerage firm gives a Demo account to its customers.

A Demo account can profit the trader in 2 different ways:

  • Practising business methods
  • Learning the various trading tools of the trading platform

It is extensive for traders to open a Demo account before keeping cash into a valid account. It is fundamental to realize that the Demo account holds the equivalent live costs as well as market conditions. To get the Demo account, simply round out a form with your information, and they will respond with the instructions.

Conclusion – FXCC Broker Review

FXCC is a Cypriot ECN/STP broker providing standard trading terms. It has the MT4 platform, which is in every case uplifting news. Their customer service looks quite significant, and they have a lot of ways to get in touch with them. FXCC has also a delectable assortment of deposit techniques as well as withdrawals made using any means are free.

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