FXCC Review 2022

4.5
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FXCC is a trustworthy trading broker regulated by the CySEC. The brokerage offers ECN trade executions, leverage up to 1:500 and $0 commissions.

Awards
  • Best STP Broker 2019 - World Finance Magazine Awards
  • Best Trading Account (XL Account) 2019 - World Finance Magazine Awards
  • Best Trading Account (XL Account) Europe 2018 - Global Banking & Finance Awards
  • Best STP Broker Europe 2018 - Global Banking & Finance Awards
  • Best Trading Account (XL Account) 2018 - JFEX Awards
  • Best MT4 Broker 2018 - JFEX Awards
  • Best Islamic Forex Broker (XL Account) 2018 - MENA Forex Show Awards
  • Best STP/ECN Forex Broker 2018 - MENA Forex Show Awards
  • Best Forex Trading Account 2017 - UK Forex Awards
Bonus100% First Deposit Bonus Up To $2000
InstrumentsForex, Indices, Metals, Energies, Crypto
Demo AccountYes
Min. Deposit$0
Payment Methods
Min. Trade0.01 lots
Regulated ByCySEC
MetaTrader 4Yes
MetaTrader 5No
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralNo
AutochartistNo
eSignalNo
STP AccountYes
ECN AccountYes
DMA AccountNo
MAM AccountYes
PAMM AccountYes
LAMM AccountNo
Demat AccountNo
Mobile AppsYes
Margin TradingYes
Margin Rateup to 1:500
Volatility IndexNo
Spot TradingYes
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionYes
VPS HostingYes
TournamentsNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Auto TradingEAs on MT4
Social TradingNo
Copy TradingNo
Trade SignalsYes
Islamic AccountYes
Account Currencies
  • USD
  • EUR
  • GBP
Stock Exchanges
  • Australian Securities Exchange
  • CAC 40 Index France
  • DAX GER 40 Index
  • Deutsche Boerse
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hong Kong Stock Exchange
  • Japan Exchange Group
  • Nasdaq
  • New York Stock Exchange
  • SIX Swiss Exchange Trading
Commodities
  • Gold
  • Oil
  • Palladium
  • Platinum
  • Precious Metals
  • Silver
CFD TradingTrade on a range of CFDs with competitive spreads and leverage
CFD FTSE SpreadVariable
CFD GBPUSD Spread1.0 pip average
CFD Oil SpreadVariable
CFD Stocks SpreadNA
CFD Leverage1:500
Forex TradingTrade with spreads as low as 0.0 pips and $0 commission. Up to 1:500 leverage available
Forex GBPUSD Spread1.0 pip average
Forex EURUSD Spread0.2 pips average
Forex EURGBP Spread0.5 pips average
Forex Assets70+
Crypto TradingTrade eight of the most popular cryptocurrencies with zero commission
Crypto SpreadVariable
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • BCH
  • BTC
  • DAS
  • ETH
  • LTC
  • XMR
  • XRP
  • ZEC
Risk Warning – Your capital is at risk

FXCC offers trading on forex, indices, cryptos, energies and metals on the trusted MetaTrader 4 (MT4) platform. In this 2022 broker review, we log in to the Traders Hub to explore minimum deposits, regulations, leverage and demo accounts. Read on for the pros and cons of signing up for an FXCC trading account.

FXCC Headlines

FXCC is a brand name of FX Central Clearing Ltd, a forex and CFD broker headquartered in Cyprus. The company was founded in 2010 and has since established itself as a strong competitor in the industry, holding a license with the CySEC and following the requirements laid out in MiFID.

FXCC follows an ECN/STP model, offering competitive trade execution and prices, with no intervention or re-quotes. Clients can trade on forex, cryptocurrencies, indices, metals and precious metals on the popular MT4 terminal.

Trading Platform

FXCC offers MT4 to all clients, which is available on multiple devices as well as major web browsers, though not on Mac.

The platform, which is free to download, is packed with advanced trading features, including a built-in library of over 50 indicators for technical analysis. There is also access to market, pending and stop orders, plus embedded tick charts for accurate analysis. In addition, you can program your own automated trading robots using MetaTrader’s programmable language, MQL4.

FXCC MT4
MetaTrader 4 Download

A Multi Terminal option is available for investors who wish to manage multiple accounts on the same platform. Clients can hedge, scalp and simultaneously trade on an unlimited number of accounts.

For professional traders, MAM (Multi Account Manager) software is available as part of the MT4 platform. This service is ideal for investors who trade on their clients’ behalf. The MAM package has a variety of features including five lot allocations, Expert Advisors, unlimited accounts, plus STP on the master account for bulk order execution.

The platform is available to download on Windows PCs. Alternatively, iOS clients can use the app on their phones or tablets.

Assets & Markets

FXCC offers 70+ currencies including major USD pairs, minors and exotics. The minimum price fluctuation when trading forex is 0.00001. The spot metals selection is made up of gold, silver, platinum and palladium. US and UK crude oil are also available.

Eight cryptocurrencies are provided, including Bitcoin (BTC), Ethereum (ETH), and Monero (XMR). The minimum contract size is 1 of the respective token, for example, 1 BTC.

In addition, 12 indices are available to live account holders. This includes trading opportunities on the Dow Jones and NASDAQ in the US, the FTSE in the UK, plus the CAC in France.

There is no trading on individual shares.

Spreads & Commissions

Live spreads average at 0.2 pips for EUR/USD and around 1.0 pip for GBP/USD. FXCC has a webpage with a 15 minute average spread chart for major instruments, including spot gold and silver.

Importantly, all instruments benefit from zero commissions. This makes FXCC a low-cost trading brokerage when compared to alternatives.

Clients will also need to pay rollover fees as well as a $5 dormancy charge on accounts that have been inactive for 120 days.

Leverage

Leverage is available between 1:1 and 1:500 for non-EU clients. Forex, metals, energies and indices can be traded with rates of up to 1:500, while cryptos are capped at 1:10, with the exception of Bitcoin at 1:10.

There is also a margin calculator that is free once you have registered in the Traders Hub.

Mobile App

The MT4 mobile app allows you to connect to your investing account from anywhere. The state-of-the-art platform receives good feedback and reviews online for its easy-to-use interface and reliability.

The application includes 30 technical indicators, 9 timeframes and a live stream of market prices. It also comes with an economic news feed and complete trading history. In addition, traders can make deposits and withdrawals through the mobile app.

FXCC MT4 mobile
MetaTrader 4 App

You can download the MT4 app onto iPhone/iPad or Android devices and begin trading straight away using your login credentials.

FXCC Deposits & Withdrawals

There are plenty of funding methods available at FXCC, including bank cards, wire transfers, e-wallets such as Skrill and Neteller, plus alternative online payment methods like Rapid Transfer.

Accepted currencies include USD, EUR and GBP. Most deposits are processed within one hour. However, the majority of withdrawals take up to give working days to clear, apart from Skrill and Neteller which are processed in real-time.

Crypto payments are also accepted in several major coins such as BTC, ETH and USDT. Both deposits and withdrawals take up to 15 minutes.

There are no charges for making a deposit except for mining fees if you top up using crypto. However, there are fees on withdrawals for bank wires, cryptos and e-wallets. The broker’s website contains a full breakdown.

Demo Account

Investors can opt for a risk-free 30-day demo account to practice trading skills and test new strategies before committing real money. Each practice account is loaded with $10,000 and provides access to the MetaTrader 4 platform download and mobile app. Prospective investors can sign up for a paper trading account in a few simple steps.

Bonuses & Promotions

The current 100% First Deposit Bonus (up to $2000) promotion for non-EU clients doubles account equity with the first deposit. In order to qualify, you must open an ECN XL account.

For clients who maintain a minimum balance of $2500 and trading volume above 30 standard lots monthly, the broker provides free VPS access. This service offers improved security, speed and accessibility.

Regulation & Licensing

FX Central Clearing Ltd (FXCC) is authorized as a Cyprus Investment Firm (CIF) and regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 121/10. The broker is also registered in Vanuatu as an investment company.

As a regulated entity in the EU, FXCC follows the Markets in Financial Instruments Directive (MiFID) which oversees investment services across the European Economic Area.

In addition, FXCC is a member of the Investor Compensation Fund (ICF) which insures clients in the event of insolvency. User funds are also segregated in separate bank accounts at leading international banks so your money is safe from scammers.

Additional Features

Our review was impressed with the comprehensive forex research and technical analysis insights within the blog section. There is an education center full of practical guidance on economic indicators, margin, slippage and more.

A selection of free downloadable e-books and PDFs is also provided. Beginners can benefit from the step-by-step guides on forex trading basics.

Other helpful features include a glossary of terms, an economic calendar and forex news.

FXCC economic calendar
FXCC Economic Calendar

Account Types

The broker has two account types: ECN XL and ECN Promo.

The ECN XL account has spreads as low as 0.0 pips and $0 trading commissions. ECN XL allows hedging, scalping and provides VPS usage. The minimum trade size is 0.01 lots and the account offers free funding and support for Expert Advisors (EAs). Non-EU clients also benefit from leverage up to 1:500. Islamic-friendly trading conditions are available upon request.

The ECN Promo account is not yet live. The new account will provide additional flexibility and enhanced trading conditions for qualifying investors.

Note, corporate accounts are also available on request.

Pros

Our FXCC review was pleased with the following areas:

Cons

Limitations of FXCC include:

Trading Hours

FXCC’s daily operation time for trading is from 17:05 to 16:55 New York time (EST) from Sunday to Friday. You can find specific trading sessions for each instrument within the MT4 platform. Alternatively, the broker breaks down holiday hours and public closures on its website.

Customer Support

FXCC offers 24/5 multilingual customer support via telephone, email or live chat. The latter can be accessed by clicking on the chat logo in the bottom right-hand corner of the website.

The chat team can help with withdrawal problems, account types, registration queries and more.

Security

To ensure the security of all trades, the MT4 platform transmits data between servers using 128-bit encrypted connections. FXCC also offers extended security algorithms using public-key cryptography, which should help keep scammers at bay.

MetaTrader 4 also provides two-factor authentication. This will send a unique passcode via email or telephone to validate a user’s login credentials.

FXCC Verdict

FXCC is a low-cost online broker for trading forex, cryptocurrencies, metals, indices and commodities on the MT4 platform. The award-winning XL account comes with a no minimum deposit requirement and ECN pricing. Regulatory oversight from the CySEC is also a bonus. Create an account using the link below to claim your welcome offer today.

Accepted Countries

FXCC accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use FXCC from United States.

Compare FXCC

Compare FXCC with similar brokers that accept traders from your location. Among available brokers these are the most similar to FXCC:

  1. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, and energy, as well as stock indices. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  2. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. eToro USA LLC does not offer CFDs, only real crypto assets available.
  3. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.
  4. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.

FXCC Comparison Table

Compare FXCC With Similar Brokers
FXCC InstaForex eToro Forex.com IG Group
Rating 4.5 4.7 4.5 4.4
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $0 €200 to €50,000 (depending on account type) $10 $100 £250
Minimum Trade 0.01 lots 0.01 Lots $10 $1 0.1 lots
Regulators CySEC CySEC FCA, CySEC, ASIC, FSA CySEC, IIROC, NFA, CFTC, FCA, CIMA FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin
Bonus 100% First Deposit Bonus Up To $2000 No
Education Yes No Yes Yes Yes
Platforms MT4 MT4, MT5 MT4 MT4
Leverage 1:500 1:30 for retail clients, 1:500 for professional 1:30 EU 1:200 1:30
Payment Methods 13 10 14 8 6
Detailed Comparison FXCC vs InstaForex FXCC vs eToro FXCC vs Forex.com FXCC vs IG Group
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Compare Trading Instruments

Compare FXCC Trading Instruments
FXCC InstaForex eToro Forex.com IG Group
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil Yes Yes Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper No No Yes No Yes
Silver Yes Yes Yes Yes Yes
Corn No No Yes No No
Crypto Yes Yes Yes Yes Yes
Futures No No No Yes Yes
Options No No No Yes Yes
ETFs No Yes Yes No Yes
Bonds No No No No Yes
Warrants No No No No No
Spreadbetting No No No No Yes
Volatility Index No No Yes No Yes

FXCC vs Other Brokers

Compare FXCC with any other broker by selecting the other broker below.

FXCC vs

FAQ

Is FXCC A Good Broker?

FXCC is a good all-around broker, offering competitive ECN pricing with no commissions. The brand is regulated by the CySEC and provides access to one of the most popular trading platforms, MetaTrader 4 (MT4).

Is FXCC A Scam?

FXCC is a trustworthy and legitimate broker regulated by the Cyprus Securities and Exchange Commission (CySEC), one of the most reputable financial regulators. In the European Economic Area (EEA), the broker follows the guidelines laid down by the Markets in Financial Instruments Directive (MiFID). It is unlikely that scams or fraudulent firms are operating under the company’s name.

Does FXCC Offer A No Deposit Bonus?

The firm previously to offer a $50 start-up capital bonus, but this promotion has now expired. However, non-EU clients can take advantage of the current offer: 100% First Deposit Bonus up to $2000.

How Do I Open An Account With FXCC?

You will need to complete the online registration form before submitting your ID documents for verification. You will then be able to set up your login details and download the MT4 platform. Follow the sign-up link below to get started today.

How Do I Contact FXCC Customer Support?

If you need help with your account or encounter any deposit or withdrawal problems, you can contact the team 24/5 via telephone, email or live chat. Multilingual support is provided for international clients, including for traders from Indonesia.

FXCC is a trustworthy trading broker regulated by the CySEC. The brokerage offers ECN trade executions, leverage up to 1:500 and $0 commissions.