FXCC Review 2025

Pros

• There are no limitations on short-term trading strategies such as trading and scalping.
• FXCC, a company licensed by the prominent European regulator, CySEC, is trusted for its high standards of protection in trading.
• FXCC offers competitive ECN spreads starting at 0.0 pips with no commissions, making it one of the most affordable forex trading platforms.
• The free education area, featuring the 'Traders Corner' blog, provides a range of resources suitable for traders of various experience levels.
• FXCC, a MT4 broker, provides top-notch charting tools and exceptional support for algo traders, and comes with a complimentary VPS.

Cons

• FXCC's single trading platform lacks variety compared to alternatives like AvaTrade, which offers five different platforms tailored to various trading preferences.
• High withdrawal fees might surprise traders; there's a substantial $45 fee for bank wire transfers.
• A limited range of research tools such as Trading Central and Autochartist are available, similar to those offered by industry leaders like IG.
• MetaTrader 4, despite its effectiveness for technical analysis, has a lackluster design that affects the trading experience. It falls short when compared to newer options such as TradingView.
• The variety of currency pairs surpasses most options, but the choice of other assets is limited, specifically, there are no stocks.

FXCC offers competitive accounts and fees, solid trading platforms, and responsive customer support. Our experience shows it stands out among other options for traders.

Regulation & Trust

FXCC is regulated by the Cyprus Securities and Exchange Commission (CySEC) under FX Central Clearing Ltd, offering security for European traders. CySEC is a top-tier regulator ensuring FXCC meets strict standards and offers protections like negative balance protection and segregated client funds. However, FXCC’s global entity, registered in Nevis, is disappointing as it offers less protection and access to compensation schemes for clients outside Europe. Despite this, FXCC provides negative balance protection across both its EU and offshore entities, unlike some competitors. To enhance trust, FXCC could follow leaders like IG and Interactive Brokers, which have authorization from multiple top-rate regulators.

Accounts & Banking

FXCC shines with its ECN XL live account, offering tight spreads without charging a commission. Their ‘ECN Promo’ account remains a promise unfulfilled. While some instruments may be pricier, the account’s attractive nature appeals to traders, especially with no trading restrictions or minimum deposit requirements.

FXCC stands out by providing a simple sign-up process and a swap-free option for Muslim traders on request. The diverse payment options, including cards, wires, crypto, and e-wallets, are a plus, though the absence of PayPal is a drawback.

Deposits are free, and e-wallet transactions are swift. However, FXCC supports only three account currencies, limiting choice compared to brokers like Fusion Markets. Withdrawal fees are steep, with card and wire transfers being more reasonable.

FXCC occasionally offers bonuses up to $2000 in some regions. These cannot be withdrawn, serving instead as trading credit. Bonuses shouldn’t be your sole factor in choosing a broker, as elements like regulations and fees hold more weight.

The demo account impresses with its $5 million in virtual funds and leverage up to 1:500. Setting it up is straightforward, sans identity verification. Overall, FXCC provides a varied experience with a few areas needing improvement.

Assets & Markets

FXCC is great for forex traders but lacks variety in other areas. It offers over 70 currency pairs, which exceeds many competitors. However, missing stocks limit its appeal compared to others like Forex.com, which provide more options.

Only 27 non-forex assets can be found, including some CFDs for stock market speculation. Traders may desire stocks and ETFs for diverse opportunities.

Leverage

Non-EU FXCC clients enjoy leverage up to 1:500. While not as high as Roboforex’s 1:2000, it’s suitable for most traders.

The option to select leverage during account setup is convenient. Forex pairs offer leverage up to 1:500, and crypto is capped at 1:10 due to volatility.

Fees & Costs

FXCC stands out for low fees, thanks to tight ECN spreads without commissions, making it one of the most affordable brokers. The 0.2-pip spread on EUR/USD is impressively tight, better than most commission-free accounts charging over 1 pip. Some ECN accounts, like Fusion Markets, offer spreads as low as 0.05 pips but with commissions.

Not all pairs are as cheap; GBP/USD has a 1-pip spread, costlier than Fusion Markets’ 0.3 pips. However, FXCC offers an ‘average spread tool,’ a unique feature showing fees from recent trading sessions, promoting transparency.

Unfortunately, FXCC charges a withdrawal fee and a $5 inactivity fee after 120 days, unlike Vantage, which has no such charges. This might deter casual traders.

Platforms & Tools

FXCC’s MetaTrader 4 (MT4) platform remains powerful despite its age, making it great for experienced traders. The platform supports automated trading with Expert Advisors (EAs), appealing to algorithmic traders. FXCC also offers free forex VPS services for high-volume traders, although the deposit and trading requirements are higher than some competitors.

Traders can easily execute trades with just a few clicks using the ‘Market Watch’ window or one-click trading. While MT4 is reliable with excellent charting tools, it lacks newer features, like web trader compatibility and innovative chart types found on platforms such as TradingView or the updated MetaTrader 5 (MT5).

FXCC’s MT4 mobile app is available for iOS and Android, offering a seamless and comprehensive trading experience with 30 indicators and 9 timeframes, useful for traders on the go. Accessing this app is simple, with smooth execution and tight spreads maintained across all devices.

Research

FXCC is missing the mark with its research tools, offering limited technical analysis. For finding trading opportunities, their options could be better. The research section mainly includes links to external market news through their blog. This pales in comparison to detailed in-house analysis provided by industry leaders like IG. Also, during testing, the ‘Market Analysis’ focused on only three currency pairs, which feels too narrow. FXCC does offer a helpful economic calendar, but improvement is needed. Other platforms like Interactive Brokers provide broader data streams and insightful content.

Education

FXCC offers basic educational content, including e-books, articles, and a glossary of key terms. While helpful, it’s not as comprehensive as top brokers like eToro. The content feels bland with mostly text and few engaging elements like videos or quizzes, which could enhance learning for beginners.

Customer Support

FXCC excels in customer support, offering reliable, 24/5 multilingual service. The live chat is particularly impressive, providing quick, personalized responses without chatbots. Whenever I reached out, agents were friendly and efficient, addressing my queries thoughtfully. Additionally, you can contact them via an online email form or phone at +44 203 150 0832. This dependable service ensures help is available throughout the trading day.

Should You Trade With FXCC?

FXCC is ideal for intermediate and advanced forex traders who want high leverage and tight spreads with a no-frills approach.

But, if you’re interested in stocks or in-depth education and research, FXCC might not be suitable. The offshore regulation for non-EU traders and high withdrawal fees are also downsides.

Alternatives To FXCC

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