FXCC com Cyprus Based Forex Broker Review – Muhammadi Sweets

FXCC com Cyprus Based Forex Broker Review Leave a comment

Because sometimes the market changes very rapidly and you need to assess the situation in time. Its only tools, they cant earn for you, cause you are a trader. I know a lot of people prefer fixed spreads, but I think fxcc variable spreads are better! FXCC always keeps the highest level of security for our clients. Our reliability is provided by the most respectable regulation authorities on the market.

fxcc review

I’m often on the road, so it’s necessary for me to have app that works properly. Well, fxcc is that kind of a broker which can definetely be worked with. I saw nothing suspicious that could make me quit. I see no manipulations and nothing snags in the trading process. It all makes me confident in the broker and I got a desire to keep trading here. In the age of the Internet, it is not difficult to find a good broker.

Nevertheless, a group of traders claims that they have been scammed by the broker who needs way too long to transfer requested withdrawals. Also, some customers claim that they could not refund their deposit even if the deposit was not processed. We cannot tell for sure if the customers got scammed or if they do not know the market enough and how the broker business works. ECN XL Account –FXCC won Best Forex Trading Account of for its ECN XL Account. There are is no minimum deposit requirement on the account and spreads start at 0.0 pips on the EUR/USD, averaging at around 0.60 pips.

They represent a solid basis upon which less-experienced traders can improve their performance. However, the limited number of tradable instruments affected FXCC’s final score. The lack of diversity may put off more experienced traders looking for an abundance and flexibility of options.

Risk Warning

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 responsibly maintains a solid regulatory framework and comply fully with financial laws as an authorised and regulated broker. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Let other traders know if this service is worth checking or should be avoided.

The topics that are covered by those are probing and informative. TheFXCC brand is authorized and regulated in multiple jurisdictions worldwide. Regulatory Authorities under which FXCC fall include The Cyprus Securities and Exchange Commission and The Vanuatu Financial Services Commission. Additionally, FXCC offers its clients Negative Balance Protection and all client funds are held in truly segregated funds.

On the other hand, FXCC’s rollover charges are higher than the industry average. FXCC charges a spread markup starting from 0.4 pips added to the spread charged by its liquidity providers. As an STP broker, FXCC obtains its liquidity from other financial zulutrade classic institutions and banks, which charge their own spreads. That is why retail traders, as the final consumers, have to pay both. At the time of the review, we found the spreads that retail traders pay on an ECN XL account to be competitive.

Is FXCC regulated?

FXCC Regulatory Environment

FX CENTRAL CLEARING Ltd is authorized and regulated as a Cyprus Investment Firm (CIF) by the Cyprus Securities and Exchange Commission with Licensing Number 121/10.

The more clients, the more money you will receive. This can be your website with an article about FXCC. I like the leverage here as my trading style is quite aggressive. Spreads are in favor of multiple entries per day. Commission-free trading makes my earnings even higher than usual.

Exchange Crypto Currency

I really appreciate it and therefore I am sure that I will continue to trade with this broker. In addition, the trading conditions are better than those of many other brokers with which I have tried to trade. I want to say thank you for the scalping opportunity and for the fact that FXCC does not impose restrictions on traders. Every trader wants to have freedom and the opportunity to make money! I also want to say that the broker did the right thing when he decided to have only one trading account. I have been working with this broker for the fifth year.

fxcc review

To begin with, I did not expect to find on the Internet a reliable broker with such a famous and popular name. This is very pleasant, especially considering the fact that in most cases you have to choose among something on the list. Withdrawal to a large number of different payment systems, and this is very convenient.

The highest quality of service is the only thing that remained unchanged throughout these years. That’s what traders can get with the ECN XL account here, and this is why ‘excellent trading conditions’ is not an exaggeration when it comes to FXCC trading fees. “The broker on your side” became the slogan of FXCC as it does not trade against its customers.

Supported Language

Including here there is basic analytics, there are explanations on strategies, there are detailed reviews on fundamental analysis and other things. Fxcc is a nice broker which can be worked with. The charges and fx choice review commissions are fine and they don’t take much of your profits. The fact that they use mt4 for the trading is also an advantage, as for me, because many traders learn how to work with this platform first of all.

What does FXCC stand for?

FXCC or FX Central Clearing is a Cyprus established brokerage firm that assists forex exchange market professionals to trade currencies, cryptocurrencies, indices and metals through advanced technology.

We conducted our customer support test on the 18th of March at 11 am GMT +02, clicking on the live chat icon in the ‘About’ section of the website. An agent responded within one minute after our question was submitted, and it took as long for a satisfying answer to be provided. MetaTrader 4 is a bit forex news calander rough around the edges, and it takes some time to learn where everything is. Even still, all essential charting tools are present, and the platform can be used to carry out detailed and intricate technical analyses. FXCC charges a 5 EUR/USD/GBP fee for inactivity, also known as a Dormant fee.

Fxcc calculators are awesome instruments to get the idea of how the CFD trading works. I remember my first steps in the forex trading. At times I was so confused about the concepts of margin or spreads and how they affect the trading process. Where to put my stop-loss orders to fit them into my money management frame and so on and so forth. So, yeah, I strongly recommend to use them, especially for beginners. Until you’ll be comfortable to make all the calculations in your head.

They also help a veteran trader to get accustomed to something new. One of the most significant aspects of trading as investors is not going to spend money and make profits. To put 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. The Cyprus securities assure secure trading forex on the website.

According to users, the speed of order execution is high, so there is a serious chance to «pour all money down the drain». This European term means that the owner does not bear any responsibility for losses incurred by users as a result of using the platform. Even if there were technical failures and false information. The FXCC user agreement consists of several sections and concerns, more like, the website use terms, rather than directly trading .

Ain’t know why, but i suppose everythign because of its general approach to its clients. The chat crew can assist you with withdrawal issues, account kinds, registration questions, and more. Only using the currency converter can never be enough for a business.

European Markets

This is very important, it means that the broker is reliable. In general, this is an ordinary broker with good trading conditions. U know, i’m not that passionate abt writing reviews, but this one is worth it! I managed to deposit via NORMAL BANK WIRE, no damn crypto deposits and withdrawls that other brokers suggest for CAD traders.

Each of these account options comes in a risk-free demo account as well. The demo accounts are provided as a courtesy to traders, to test out the financial markets under real world trading conditions. Yes, they all have flaws, but FXCC’s flaws are not noticeable.

The apps can be downloaded at the App Store, or the Google Play Store. The use of straight through processing technology allows clients to instantly place orders which are then delivered direct to expert financial institutions. There is no conflict of interest and no markup on the transactions that are processed. The provision of live streaming market news, indicators and pricing allows for immediate confirmations of trades, with no re-quotes and no dealing desk. The company espouses a customer-centric approach to the financial markets. That’s definitely a scalper-oriented brokerage company.

Featured Brokers

Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker’s desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other ‘need to know’ features. We test the broker’s platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money. FXCC’s competitive spreads and the lack of commissions are particularly suitable for intraday traders. Such traders aim to catch a few pips from relatively minor price swings lasting several minutes to several hours. That is why fast and precise order filling is so important.

fxcc review

FXCC’s range of financial instruments to trade is smaller than most other brokers, with no shares nor specialty CFDs such as ETFs. All British residents are eligible to open an account at FXCC and there are no minimum deposit requirements. FXCC charges swap fees, or fees for positions that are held overnight. When trading a currency, you are borrowing one currency to purchase another. The swap interest fee is calculated based on the difference between the two interest rates of the traded currencies.

In contrast, position and day traders can trade on more significant changes in the longer term with a combination of majors and, say, gold. The broker received a high score in the Account types category. The options it offers are diverse and structured in such a way as to accommodate most traders’ goals and needs. Having operated for more than 10 years, FXCC has established itself as a stable and reliable STP broker.

Being a part of this blog can be one of your ways to stay up to date with all the trading stats and trends. Whether you need some suggestions or technical advice you can get all of that from this platform. An amazing thing is that FXCC is a rare trading platform to have its dedicated blog for traders. To ensure the best trading experience of using FXCC, it provides its users the opportunity to use MT4 or MetaTrader 4.

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