FXCC review and ratings

Established 2010
Location Cyprus Vanuatu
Regulation CySEC
Offices Limassol, Port Vila
Broker type ECN
Leverage up to 1:500 (1:30 for EU clients)
Deposit from 20 USD
Spreads low  low
Platforms MetaTrader 4
Instruments Currencies Crypto Indices Metals Energies
Funding methods Wire Transfer Credit Cards Skrill Neteller UnionPay Sofort Bitcoin Ethereum Liteсoin Tether BitPay PaySafeCard
Type 'ECN XL' demo (no commission)
Login 6680735
Password Gj4a9S
Server FXCC1-Demo (138.201.236.134:443)
Updated 30.06.2022 (Active)
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Equity Growth: 263%

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Company information

FXCC group includes 2 related companies.

FXCC CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
FXCC VU - located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC).

Be aware, CY company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.

Availability

FXCC group accepts clients from all over the world, excluding USA and some other countries where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

70+ Currency Pairs Based on major and minor world currencies.
8 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Dash, Litecoin, Monero, Ripple, Zcash.
12 Indice CFDs Based on baskets of different blue-chip stocks.
4 Metal CFDs Based on Gold, Silver, Platinum, Palladium.
2 Energy CFDs Based on Crude Oil (WTI, Brent).

Comprehensive review

Set up with offices in Cyprus and Vanuatu, FXCC is a forex broker founded all the way back in 2010. As most retail-oriented forex brokers, FXCC operates on a ‘no dealing desk’ ECN/STP model where orders are passed on to larger liquidity pools rather than being matched internally.

As with all brokers in Cyprus, FXCC is regulated by the Cyprus Securities and Exchange Commission (CySEC), a national securities regulator under the European Securities and Markets Authority (ESMA). As a result, all trading conditions offered by FXCC Cyprus follow EU regulations. Among other things, this means that leverage can be no higher than 1:30 for any instrument.

Meanwhile, the Vanuatu-based branch of the broker remains an option for traders outside of Europe. Here, leverage can go as high as 1:500, the long-standing industry standard among offshore forex brokers.

Worth keeping in mind, however, is that regulations in Vanuatu are much weaker than in Europe. This means that clients may be left without much help in the event a broker goes out of business or deposits are otherwise lost.

In terms of trading instruments offered, FXCC has a selection of about 70 forex pairs, in addition to a handful of cryptocurrencies, stock indices and commodities, all of which are traded as CFDs. The broker does not offer any single stocks or bonds, which is something we believe some traders will miss.

Before signing up with FXCC, all new clients need to choose which type of trading account they want to use. The broker has three choices here: ECN Standard Account, ECN XL Account, and ECN Advanced Account.

The main thing that separates these accounts is the minimum deposit required to use them, and the number of instruments that can be traded. The ECN Standard Account is available for deposits of between USD 10,000 and 100,000 and offers 30 instruments, the ECN XL Account is available for deposits of between USD 100 and 10,000 and also gives access to 30 instruments, and the ECN Advanced Account is available for deposits of more than USD 100,000 and offers more than 200 instruments.

All trading accounts can be denominated in either USD, EUR, or GBP.

As is the case with many forex brokers, the only trading platform that FXCC’s clients can use is the MetaTrader 4 (MT4). However, this remains probably the most popular platform in the world today among retail forex traders. A key reason for that is the huge selection of automated trading strategies (Expert Advisors) and custom indicators that are available inside the platform’s built-in marketplace.

To fund a new trading account with FXCC, clients can use either a traditional bank wire transfer or any one of a number of e-wallet services such as Skrill, Sofort, Neteller, and others. There is a “zero deposit fee” promotion in place for users of the accepted funding methods at the time of writing.

For customer service needs, all FXCC clients are welcome to contact the broker via either live chat, email or phone (a Cyprus phone number for EU users and a UK number for international users). Customer service is available 24 hours a day, Monday to Friday.

In conclusion, FXCC is a broker that we believe could be a good option for traders both in the EU and elsewhere who trade mainly forex and like the MT4 platform. The broker offers high leverage for international traders, which is something many people are looking for. It also offers crypto trading with CFDs, although unfortunately deposits and withdrawals cannot be done with crypto.

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