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FXCC Review 2026

Written By

James Barra

Written By

James Barra

James is an investment writer and brokerage expert with a background in financial services. A former management consultant, he's worked on major operational transformation programmes at top European banks. A trusted industry name, James's work at DayTrading.com has been cited in publications like Business Insider.

» James Barra Profile Page

Edited By

Michael MacKenzie

Edited By

Michael MacKenzie

Michael is a writer, editor and broker reviewer with over a decade in journalism and publishing. His niche lies in editing and fact-checking content in the financial services sector, with a focus on online brokers and trading platforms. Michael previously reported on politics and economics in the Middle East and edits books for established publishers.

» Michael MacKenzie Profile Page

Fact Checked By

Tobias Robinson

Fact Checked By

Tobias Robinson

Tobias is the CEO of DayTrading.com, an active investor, and a brokerage expert. He has over 30 years of experience in financial services, including supervising the reviews of more than 500 trading brokers, and contributing via CySEC to the regulatory response to digital options and CFD trading in Europe. Tobias' expertise make him a trusted voice in the industry, where he's been quoted in various financial organizations and outlets, including the Nasdaq.

» Tobias Robinson Profile Page

Updated

Feb 19, 2026

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Customer Reviews

Minimum Deposit $0

Trading Platforms MT4, MT5

Instruments CFDs, Forex, Stocks, Indices, Metals, Energies, Crypto

Regulators CySEC, MISA

Account Currencies USD, EUR, GBP, CAD

Payment Options Visa, Mastercard, Debit Card, Credit Card, Wire Transfer, Skrill, Neteller, Bitcoin Payments, Ethereum Payments

Pros

• There are no deposit fees except industry-standard mining charges on cryptos, which is advantageous for active traders
• There are no restrictions on short-term trading strategies like day trading and scalping
• The free education section, including the 'Traders Corner' blog, offers a large selection of materials that will serve all experience levels

Cons

• FXCC’s MetaTrader-only offering is a drawback compared to many alternatives, notably AvaTrade which provides five platforms to suit different trader preferences
• High withdrawal fees may catch out unsuspecting traders, including a significant $45 charge for bank wire payments
• While the range of currency pairs exceeds most alternatives, the selection of additional assets is narrow, and notably, there are no stocks

We’ve been evaluating FXCC since 2020, assessing its products for active traders, and revisiting this review with details of changes and the results of our latest tests. Find out what FXCC does well, where it still needs to improve, and which types of trader it suits.

Regulation & Trust

FXCC is a trusted broker because it’s authorized by a ‘green tier’ body (CySEC) in our Trust Rating, it’s established, having been operational since 2010, and it’s earned the confidence of our panel over 5+ years of testing.

FX Central Clearing Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 121/10. European regulation means FXCC should follow strict business standards and implement safeguards like negative balance protection and segregated client accounts.

Outside of Europe, FXCC is regulated via Central Clearing Ltd (KM) by the Mwali International Services Authorities (MISA), under license number BFX2024085. This is a ‘red tier’ body in our regulator classification system, which means clients can access features like higher leverage up to 1:1000 (it’s capped at 1:30 at the CySEC entity), but you may lose safeguards like access to investor compensation in the event the broker becomes insolvent.

Trader testimonials are generally positive, with FXCC receiving average ratings of over 4/5 in the user feedback left at the bottom of our FXCC review and also on TrustPilot.

Accounts & Banking

Live Accounts

FXCC offers one primary live account for active traders: ECN XL. It’s fairly unique in that it offers the raw spreads from 0.0 pips many short-term traders seek, but without charging a commission, which is typically levied on raw spread accounts.

FXCC uses servers in New York, London, Germany, and Hong Kong – covering major trading hubs, and paired with its fast ECN enviornment, allows it to offer fast, low latency execution to active traders.

There’s a 50% stop-out level and leverage is available up to 1:1000 – a jump from the 1:500 it used to offer.

FXCC also has an ‘ECN Promo’ account, which is advertised as ‘coming soon’, but we’ve not seen this materialise in the years we’ve been evaluating FXCC.

We’ve opened an ECN account, and the sign-up process itself is fully digital and smooth. Plus, there’s a swap-free solution for Muslim traders available upon request, and it doesn’t come with additional charges.

Deposits & Withdrawals

FXCC offers a standard selection of payment methods, including bank cards (Visa and Mastercard), e-wallets (Skrill and Neteller), crypto (BTC, ETH, USDT ERC-20, USDT TRC-20, USDT BEP-20), and wire transfers.

All deposits are fee-free except mining fees with crypto, but withdrawals can come with charges, including $45 for bank transfers (a fee most brokers don’t charge) and 2% for using Neteller and crypto. We’d stick to withdrawing via card to avoid a fee.

FXCC added Canadian dollars (CAD) as an account base currency, catering to traders in Canada looking for hassle-free deposits, withdrawals and account management.

Bonuses

FXCC runs bonus offers in certain jurisdictions, notably a 100% deposit bonus up to $2000. This is essentially credit that can be used for practicing setups and exploring MetaTrader.

However, we’ve been through the terms and conditions, and the bonus can’t be withdrawn, while if your account balance reaches below 50% of the available bonus credit, the amount will be removed. It’s also only available on MT4 – not MT5.

Demo Account

FXCC has a demo trading account with an exceptionally large virtual balance of up to $5 million, providing an opportunity to try its MT4 and MT5 platforms before committing to a live account.

Signing up for a paper trading account takes minutes. You can open one in the client portal and you don’t need to complete identity verification. You just choose the platform (MT4 or MT5), leverage (up to 1:1000), and currency (USD, EUR, GBP, CAD).

Platform login details are then provided, as well as emailed to the address you used to register.

Assets & Markets

FXCC offers an average selection of trading instruments that has improved over the years, especially with the addition of hundreds of equities. Where it used to primarily serve forex traders, it’s now a better fit for traders seeking opportunities in other popular global financial markets.

Clients can trade:

• Forex: 70+ spot pairs spanning majors, minors and exotics, from EUR/USD to ZAR/JPY
• Crypto: 30+ crypto tokens paired with USD, including bitcoin, ethereum, and ripple
• Metals: 5 metals with gold paired with the USD and EUR, plus silver, platinum and palladium
• Indices: 12 stock indices from major markets, including S&P 500, FTSE 100, and Dax 40
• Energies: 2 with Crude and Brent oil
• Stocks: 900+ stocks from popular regions like the US, Europe, and Hong Kong

Fees & Costs

The pricing model at FXCC works well if you’re an active trader – tight ECN spreads with no commission.

While pips are advertised as starting at 0.0 pips, you should expect wider spreads depending on the instrument and market conditions. For example, during our last checks, average spreads on EUR/USD often fell between 0.0 pips and 0.1 pips, EUR/GBP between 0.3 and 0.6 pips, and gold between 12.0 and 20.0.

FXCC does fall down for its withdrawal charges on most payment methods. It’s also worth keeping in mind that a $5 inactivity fee is charged after 120 days of no activity.

Platforms & Tools

FXCC is a MetaTrader broker, supporting trading via MT4 and MT5, with MT5 added in 2025. Both platforms are available as a desktop client, as a web trader, and on mobile for iOS and Android.

These long-time industry favorites are starting to show their age after decades since their release, with an outdated design. However, they are dependable with strong charting packages and excellent automation capabilities via Expert Advisors (EAs), making them popular with serious traders.

MT5, in particular, is a step up for advanced traders, providing more order types, timeframes, technical indicators, and an economic calendar. As a comparison, MT4 has 30 indicators, 24 drawing tools, 3 chart types, and 9 timeframes, while MT5 has 38 indicators, 44 drawing tools, 3 chart types, and 21 timeframes.

On both platforms, placing a trade is quick and can be completed in a few clicks via the ‘Market Watch’ window, where you can also configure stop loss and take profit levels. Alternatively, you can turn on one-click trading.

The automated trading suite of tools in MetaTrader works well with FXCC’s free forex VPS, hosted by BeeksFX, which is available to traders who deposit at least $2,500 and trade at least 30 lots per month.

FXCC has added support for copy trading, which may appeal to traders looking to follow more experienced traders and those who wish to become a strategy provider and earn a performance fee.

Copy trading works through MT5 and allows newcomers to find strategy providers based on performance metrics, including maximum drawdown and percentage total return. Followers can also choose their own risk settings, including following proportionally by balance or equity.

Research

FXCC disappoints in the research department. There’s a free economic calendar in the client area, high-level daily technical analysis on prominent currency pairs like EUR/USD, GBP/USD, and JPY/USD, and daily market news that’s aggregated from other sources.

What it’s missing is the deeper insights in-house analysts could provide and wider market coverage beyond the best known currencies and equities.

Ultimately, while some other brokers invest in live market review video streams, provide social sentiment data, and AI-powered calendars that categorise events by impact, FXCC takes a bare bones approach.

Education

FXCC scores slightly better in terms of educational content with some basic e-books, articles, and a glossary of key terms.

However, we’ve read many of the articles and often found the delivery bland with long-form text and limited videos or engaging elements like quizzes.

So while some brokers are building dedicated academies and creating comprehensive guides to upskill traders, FXCC is falling behind.

Customer Support

FXCC offers 24/5, multilingual and reliable customer support based on our hands-on tests.

We’ve used the live chat function over 15 times across more than five years, and received timely responses within three minutes each time. Agents have been friendly and provided sufficient answers to our queries, which have covered everything from withdrawals and platforms to margin trading and bonus terms. And crucially, there’s no frustrating chatbot in sight.

The broker also provides an online email form, where responses are slower, and telephone assistance via +44 203 150 0832.

Is FXCC Good For Day Trading?

FXCC is a good fit for day traders seeking ECN execution with zero commissions. It has a particularly strong selection of forex pairs, and in more recent times, equities. With MT4 and MT5, plus a free VPS for qualifying traders, it also caters to algo traders.

However, beginners wanting educational tools should look elsewhere. Since increasing its leverage to 1:1000 through its MISA-registered entity, risk management is also even more important for newer traders.

FAQ

Is FXCC Legit Or A Scam?

FXCC is a legitimate broker. It’s regulated by the CySEC and has been active since 2010. We’ve opened accounts and used its platforms many times over the years – we’re comfortable that it’s not a scam.

Is FXCC Good For Beginners?

FXCC is an average broker for beginners. Positives are the no minimum deposit, free demo account and excellent support. But it lacks deep education and research tools that go beyond the surface level of market moves and trading concepts.

Does FXCC Offer Low Fees?

FXCC is a low-cost brokerage with zero commissions and spreads that are generally competitive from our tests, especially on major currency pairs.

However, it falls down on non-trading fees, with withdrawal charges that could erode the returns of active traders making frequent withdrawals.

Does FXCC Have A Mobile App?

FXCC does not have a proprietary mobile app, but MT4 and MT5 can be downloaded to Android and Apple devices.

We’ve used them both on iPhones and Samsung devices, and they sync well with FXCC’s ECN execution, providing the full suite of instruments and trading conditions of the XL account.

Best Alternatives to FXCC

Compare FXCC with the best similar brokers that accept traders from your location.

1. FOREX.com – Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
   Go to FOREX.com
2. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
   Go to Interactive Brokers

FXCC Comparison Table

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