Fxcess is a legally registered forex broker located in Bermuda, but not regulated by any government agency.
Fxcess accepts clients from all over the world, excluding USA, Iran, Cuba, Sudan, Syria and North Korea.
Forex broker offers the following underlying assets for trading.
70+ Currency Pairs | Based on major and minor world currencies. |
16 Indice CFDs | Based on baskets of different blue-chip stocks. |
6 Metal CFDs | Based on Gold, Silver, Platinum and Palladium. |
3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
20+ Stock CFDs | Based on shares of prominent US companies. |
Fxcess was established in 2020, and is registered offshore in Bermuda. Like many offshore forex brokers, Fxcess is unregulated, and traders therefore need to be aware of the risks that are associated with depositing money with it. Should the broker go bankrupt or simply stop withdrawals for other reasons, there is not much clients can necessarily do to get their money back.
Still, it’s clear that this forex broker does have some good things going for it. Where Fxcess really stands out is in terms of the many forex pairs it offers. In total, the broker offers more than 80 forex pairs, which is quite a bit more than most other brokers offer. The selection here of course includes common pairs like the EUR/USD, USD/JPY, and USD/CAD, as well as a good selection of non-USD pairs like GBP/JPY, GBPCHF and EUR/JPY, to name just a few.
In terms of other trading instruments, Fxcess has a fairly good selection of single stocks, major stock indices, precious metals, and a handful of other commodities. Despite this being an offshore broker, however, crypto trading is not available here.
The only trading platform offered by Fxcess is the well-known MetaTrader 4 (MT4), an extremely popular platform in the forex trading community that has been around since 2005. As is the case with most brokers, Fxcess supports trading on the downloadable version of MT4 for Windows computers, on apps for Apple and Android mobile devices, and on the web version.
One thing that is relatively simple and straightforward with Fxcess is the account types it offers: an STP-style Classic account and an ECN account. As usual, the Classic account comes with slightly wider spreads but commission-free trading, while the ECN account has the tightest spreads but commissions on all trades.
One key difference between the two account types is the leverage that is available. On the Classic account, this can be set to a maximum of 1:1,000, while the ECN account limits the leverage to 1:500. It’s also worth noting that the Classic account may offer various bonuses from time to time, which are not available on the ECN account.
The standard $10 minimum deposit applies to both account types.
To fund a trading account with Fxcess, traders can use either Visa or MasterCard credit and debit cards, or make a bank transfer. Strangely, the broker does not accept any of the popular e-wallets that other brokers usually accept, and it has also avoided crypto deposits.
To get help from support, the Fxcess customer service team can be contacted via live chat or a message form on the website. Unfortunately, there is no phone number provided, and the broker has also not published any information about its support team’s working hours. As a result, we highly doubt that 24 hour support is available from Fxcess.
In conclusion, it should be noted that Fxcess is a relatively new offshore broker and it’s therefore difficult to find a lot of reliable user reports so far. From what we have heard, however, there have not been any major incidents with this broker. Its offering in terms of available assets is also pretty good, which could make this broker an interesting option to look for traders who enjoy using the MT4 platform.
I understand that such reviews as on this site may be of interest to beginners. And therefore, in my review, I want to describe what is most interesting for beginners.
I'm talking about withdrawing money from account. I have a profitable trading strategy and extensive trading experience. That's why I withdraw profit about 2 times a month. I've never noticed any problems with this service. Broker has no hidden fees or pitfalls. I think that if you succeed in trading and you withdraw profit, then you understand what I'm talking about.
So, in general, broker deserves good rating.
The company will not let me withdraw my funds. The stated reason for rejection was that I didn't use the initial payment method when in fact I did use a bank transfer. I have read reviews that lying is a common practice for them to retain your funds. Do not use Fxcess.
I like how they have 2 distinct options, one for more long-term trades, one for scalping specifically. Straight up I saw what I needed to do. The experience for swing tradinng could be better, spreads mid-tier to upper-tier. The scalping, is much better. Haven't found a problem with it aside from naked MT4 tools, but those could be upped with downloaded EAs so did just that.
I like trading on the fxcess platform because of the Metatrader 4 terminal which is my fav one. It's a time-proven engine and even its 5th version can't boast the same level of stability. Plus I am too used to the navigation inside so it would take hours for me to adjust to a new software. Here I just signed up, logged in using credentials and started trading. As simple as it gets!
As an experienced trader, I managed to trade with them for a while. I want to say that I think this broker is a good one and they offer pretty good financial services. There are two trading accounts to choose from. I went with the ECN account because I don't like trading with wide spreads on the forex market and this is a huge problem during an immense volatility. However, the cost of commissions for opening order positions are quite expensive, though I'm ready to make concessions. The platform is versatile and there are a lot of useful technical tools available for me.
There is nothing wrong about the broker. Especially the ECN account. The execution on ECN is exquisite and therefore spreads are as low as they can be. The only donwnside is the commissions.
Many years ago, one my friend said something. And after I received advice from Fxcess support service, I was once again convinced that he was right. That thought sounded something like this: you only find out how effective an extinguisher is when something starts burning :) Yes, it may sound funny. But after my problems were solved, I was able to appreciate how well customer service works here.
Obvious advantage of Fxcess is their attitude to what trading strategies the traders can apply on their trading platform. This way, taking into account trading conditions of my account, I am able to combine and use different strategies at the same time. Although, I find their platform somewhat inconvenient for scalping.
I like conditions I have here. I want to say that conditions are good for those traders who are professionally engaged in trading. For me, trading is more than just a hobby that brings additional income. Trading is what brings me the main income. Therefore, for me, trading on this platform is something like a job. I start every morning with analytics and news. Also, sometimes I read the blog run by Fxcess. Here are some articles that helped me look at financial markets from a different perspective. Although I can't say that everything in this blog is relevant.
The regulations they have are not that easy to get, and if you read their terms and conditions, they are very fair. Withdrawals take kinda long for me, it's up to ten days if you're not using e-money (digital assets). But deposits are a lot faster, credit card worked instantly for me. No reservations trading here, they've proven to be one of the safest ones.
I think they're pretty basic as far as brokers go. I went with them because VPS is a good tool, gives you way more control of your trades, and it's compltely free here, if you have 5k in your accounts. I have 3 accs, each with different strategy, all adding up to 8-12k (15k on a good day), so it's always free for me.
If you dont have that much, it might not be for you. For beginners especially it's very bare-bones, no educational stuff or analytic materials at all basically.
Seemsl like they are not that into beginners here.
Great trading platform and hassle free.
Had decent success here trading EUR/JPY :) My strategy was trading on Tokyo and London seesions, avoiding news, staying within the Keltner channel, trading with RSI, extra safe.
I feel this is a good broker for that, low to medium volume trades. Only small lots. Bit more than 1k invested, and profits already exceed that. Would advise doing the same.
They have very small fees, and NO withdrawal fee. And they are the only ones that do that, afaik. But you have to stay active with them, trade at least once a year, or your account is RIP. Inactivity fee here is actually very high.
+ Good reputation, fast withdrawals. No fees on deposit or withdrawal.
– No crypto trading or options trading. No bonds or ETFs. They clearly want to stay away from anything "controversial".
+ However, other 300 tradable assets: currencies, commodities, stocks, indices, futures. All the exotic pairs, which are often easier to trade in. Probably the best in this, especially if you trade longer timeframes.
I'm not sure how they chose the assets they offer, but for forex trading FXcess is sublime.
I want to share my experience with this broker. I started trading with them half a year ago and I can say it is the best broker that aligns with my trading experience. I like the ECN account and trading with zero spreads is a big pleasure for me and instead of that I would prefer to pay commission for opening and closing my trades. In general, I am satisfied with this company!
I love the fact that I can have my trading environment be very simple, and also at the same time, I can use all of the indicators and tools and features that I wish to use. The promotions and bonusses of the broker are also a bit special and have a bit of peculiarity to them. These peculiarities are very subtle, but they still do exist.
Piece of sh*t broker, they took my money, can't withdraw a dollar.
This is my first forex broker and yet I know pretty well how to differ bad trading conditions from good ones. I am sure that Fxcess has good trading conditions. Although the trading platform seems outdated to me. It has an old design. However, I read that this platform is popular among traders all over the world.
Not a bad broker at all. On one hand, it may seem very simple, because there is no a lot of information on the website, there are no tons of features and functions, but everything concerning daily trading without secound thoughts is here. I mean platform, accounts, instruments for running TA, choice of assets. Some peculiarities include rather high leverage up to 1:1000, very appealing minimum deposit threshold - $10 and quite tight spreads or low commissions, if you go with ECN account. I guess execution is a bit better on it, but I am not sure.
The promotions of the broker are really something. That's what initially caught my attention. But for those that couldn't care less about promos, fxcess has a couple of cool tools and very affordable trading conditions. This broker really "cast many nets".
It's not a bad broker. Yes, there is something that some traders may not like, but in general everything is above average. Platform works stably, orders are executed smoothly and profits are withdrawn without problems.
I like everything about this broker, but it would be great if they had a few more ways to deposit. At the moment bank transfers and bank cards are available, but I would like to see more.
I have a Classic account with this broker. There are no commissions for trading on it, which I like very much. But at the same time, sometimes it seems to me that spreads are not the tightest among all brokers. Although other companies I read about on the Internet don't have advantages that I have here. So I remain a client of this company and continue trading. And in my review I want to write that I am satisfied with such conditions and thankful for the quality work.
It has really wowed me with their outstanding customer service. Their support team is quick to respond, well-informed, and always willing to help. I've contacted them multiple times with questions and worries, and they have consistently dealt with every issue promptly and professionally.
The trading terms are somewhat restrictive, but if they suit you, you can have a seamless experience.
In my opinion, this broker is perfect for beginner traders. I think so because registration and verification process was very simple. In addition, all services provided by company are straightforward and transparent. It is impossible to get confused in them.
Fxcess ECN account is right up my alley since I need this direct execution type and my trading style is resistant to commissions. Also the fact that I am allowed to trade multiple markets here with decent trading conditions is enticing. Although I am not a big fan of changing assets all the time. I have no idea how people trade different instruments all the time.
This company's commitment to deliver quality services in the market is conspicuous. I've swung through the conditions once I firstly entered the site and then came to the decision of opening an account right here. Signing up was easy as hell, I just filled in the info, provided guys with all documents and got down to trading. MT4 - my praise. I like this soft like many other fellow traders.
The broker looks and feels good after the initial couple of months of trading here. The execution is on point so I can trade intraday without a hassle.
For now I'm on the Classic account, but feel the need of more competitive pricing... So maybe I'll switch to ECN, but the commission though... Still good one broker in general.
Not a bad choice for traders who knows what they want. Company has a nice amount of tradable assets, so everyone can find a desirable product and take advantage of it. There are also fast and handy trading tools easy to master and comfortable to interact with. And a friendly customer service is a must nowadays, so broker also offers that. This company is a nice partner to have access to financial markets.
The speed of depositing and withdrawing money is essential to me. Because I don't keep all my assets in a trading account. Thanks to the Fxcess' high transaction speed, I can move money between my trading and bank account quickly.
Apart from the conventional trading services, FXcess gives access to the copy trading solution, which is called TradeCopier. Everything is done through their proprietary platform made specifically for this purpose. And the very process is quite hassle-free.