FXCC

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Popularity popular broker
Leverage Up to 1:300
Minimum Deposit $100
Regulation CySEC, ASIC
Payment Methods Credit Card, Bank Transfer, Skrill, Neteller
Trading Assets Forex, Metals, Energies, Indices
MT4
MT5
Spreads Low
Average cost: EUR/USD 0.4 pips
Demo Account
Islamic Account
MAM
PAMM
Copy Trading
ZuluTrade
Scalping Yes
Signals
EAs/Robots Available
Negative Balance Protection Yes
Deposit Fee
Withdrawal Fee
Inactivity Fee Yes
Year Established 2010
Address 50th Floor, Tower H, 2501 Tsim Sha Tsui, Kowloon, Hong Kong
Contact Information Email: [email protected], Phone: +852 5808 4980
Mobile Trading APP
Rating ★★★★☆ 4.0
Website

Pros and Cons

Pros
  • Low spreads and competitive trading conditions
  • Comprehensive regulation by multiple authorities
  • Rich educational resources for traders
  • Advanced trading platforms available
  • No deposit and withdrawal fees
Cons
  • Limited asset coverage excluding stocks and cryptocurrencies
  • No MT5 platform available
  • Inactivity fees applied
  • No social trading options
  • Limited promotional offers

Introduction

FXCC (Forex Capital Markets) is an established broker in the foreign exchange market, providing traders with comprehensive trading solutions since 2010.

This review aims to delve into the various aspects of trading, offering insights into its features, trading platforms, regulations, customer service, and more.

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Company Overview

History and Background

Founded in 2010, FXCC has grown to become a respected player in the forex trading community.

It operates under strict regulations by multiple authorities globally, ensuring a secure trading environment for its clients.

Regulatory Compliance

The company is regulated by several financial authorities, including:

  • CySEC (Cyprus Securities and Exchange Commission)
  • ASIC (Australian Securities and Investments Commission)

These regulatory bodies ensure that the broker adheres to stringent standards, providing traders with peace of mind regarding the safety of their investments.

Trading Experience

Account Types

FXCC offers several account types to cater to different trader needs:

  • Standard Account: Suitable for beginner traders with a minimum deposit requirement.
  • XL Account: Offers lower spreads and is ideal for more experienced traders.
  • ECN Advanced: Designed for high-volume traders, offering the best rates and lowest spreads.

Trading Platforms

Moreover, it primarily utilizes the MetaTrader 4 platform, known for its reliability and range of features:

  • MetaTrader 4: Allows for automated trading through expert advisors (EA) and provides comprehensive charting tools and indicators.

Trading Instruments

FXCC provides a diverse range of trading instruments:

  • Forex: More than 40 major pairs, minor pairs, and exotics.
  • Metals: Gold and silver trading.
  • Energies: Oil and gas.
  • Indices: A selection of global indices.

Key Features

Leverage

The broker offers leverage up to 1:300, enabling traders to increase their trading volume.

Spreads and Commission

It is known for its competitive spreads, especially for its XL and ECN Advanced accounts.

Here is a quick overview of the typical spreads:

  • EUR/USD: From 0.4 pips
  • GBP/USD: From 0.5 pips
  • USD/JPY: From 0.4 pips

Payment Methods

FXCC accepts many payment methods:

  • Credit/Debit Cards
  • Bank Wire Transfers
  • E-Wallets: Including Skrill and Neteller

Mobile Trading

The broker supports mobile trading with apps available for both Android and iOS platforms.

These apps provide full trading functionality, allowing traders to manage their accounts and trade on the go.

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Educational and Trading Resources

FXCC places a strong emphasis on education and provides numerous resources:

  • Forex Education: Includes webinars, e-books, and video tutorials.
  • Market Analysis: Regular updates and analysis are available to help traders make informed decisions.

Customer Service

The company prides itself on offering responsive and helpful customer service:

  • Availability: 24/5 customer support via phone, email, and live chat.
  • Languages: Support available in multiple languages including English, Spanish, and Chinese.

Security Measures

Safety of Funds

They use tier-1 banks for client funds, ensuring their safety and security.

Negative Balance Protection

FXCC offers negative balance protection, ensuring that traders cannot lose more than their initial deposit.

User Experience

Website and Usability

Their website is user-friendly, making it easy for traders to find information and manage their accounts.

The registration process is straightforward, and accessing trading tools and resources is intuitive.

Trading Conditions

The broker is known for its fair trading conditions, which include:

  • No Dealing Desk (NDD): Ensures that there is no conflict of interest between the broker and the trader.
  • No Restrictions on Scalping: Traders can employ any trading strategies they prefer.

Client Testimonials and Feedback

Customer feedback is predominantly positive, highlighting several aspects that particularly satisfy users:

  • Efficiency of the Trading Platform: Many traders appreciate the reliability and the range of tools available on MetaTrader 4.
  • Customer Service: Their customer support team is frequently praised for their responsiveness and the quality of support provided.
  • Speed of Execution: FXCC’s no dealing desk model and ECN connectivity ensure quick execution of trades, which is crucial for scalping and high-frequency trading strategies.

Despite the positives, there are occasional mentions of areas for improvement, such as the expansion of asset classes and the inclusion of the MetaTrader 5 platform to offer traders more advanced functionalities.

Market Reputation

Over the years, the company has established a solid reputation among traders and industry experts.

It is often recognized for its transparent trading environment and competitive costs.

Here’s how FXCC stands in comparison to industry standards:

  • Transparency: It operates with full transparency when it comes to their trading conditions and fees, which helps traders make informed decisions.
  • Compliance and Security: Being regulated by top-tier regulators like ASIC and CySEC reassures traders of the legitimacy and safety of their capital.

Trading Conditions and Costs

The broker offers an appealing trading environment with some of the industry’s most competitive conditions:

  • No Commissions on Standard and XL Accounts: The broker offers commission-free trading on its Standard and XL accounts, which can significantly reduce the cost of trading.
  • Low Latency Trading: Through investments in technology, FXCC provides low latency trading, which is an essential feature for traders using automated trading systems and algorithms.

Here’s a breakdown of their trading costs for different instruments:

Instrument

Spread (pips)

Commission

EUR/USD

0.4

$0

GBP/USD

0.5

$0

USD/JPY

0.4

$0

Gold

0.21

$0

Oil

0.05

$0

Unique Selling Propositions

What sets FXCC apart from other brokers in the market?

Here are some unique features:

  • ECN/STP Model: The ECN/STP model eliminates any potential conflict of interest with its clients, ensuring that the broker’s profits are made strictly from the volumes traded by their clients, not from their losses.
  • Comprehensive Account Options: Whether you are a beginner or an expert, FXCC offers accounts that suit every type of trader, each with its own unique advantages.
  • Global Reach with Local Support: Despite being a global broker, it offers localized support in various languages, which enhances the service experience for clients worldwide.

Risk Management Tools

FXCC provides several risk management tools to help traders protect their investments:

  • Stop Loss and Take Profit: Essential tools for all traders to manage trading risks and secure potential profits.
  • Margin Calls: Traders are alerted if their account equity falls below the required margin, helping prevent further losses.

Technology and Innovation

Staying at the forefront of technological advancement, they consistently update their services:

  • MT4 Enhancements: FXCC offers custom enhancements for the MT4 platform, including advanced charting tools and automated trading capabilities.
  • Mobile Trading: The mobile apps are robust, providing full trading functionalities on the go, which is a significant benefit in today’s mobile-first world.

Conclusion 

FXCC exemplifies what a reliable, trader-focused forex broker should be.

With its robust regulatory foundation, comprehensive trading solutions, and a clear focus on client satisfaction, it maintains its position as a preferred broker for traders around the globe.

Its commitment to transparency, competitive trading conditions, and continuous innovation ensures that it remains a top choice for new and experienced traders alike.

Whether you are looking to begin your trading journey or looking to switch brokers, FXCC offers a compelling package that merits consideration.

Visit official website: www.fxcc.com

User Reviews

“I’ve been trading with them for over a year and have been very pleased with their service. The trading conditions are great, especially the low spreads on major pairs. The customer service is prompt and helpful, although I wish they offered more webinars or live events. Overall, very satisfied!”
Emily Thompson
“FXCC has a streamlined process for both deposit and withdrawal, which I appreciate. The only downside is their inactivity fee, which I was not aware of initially. Make sure to trade actively!”
James O'Brien
“As a beginner, I found their educational resources extremely helpful. Their demo account helped me start without risking real money. Highly recommend for new traders!”
Ava Lee
“Their platform stability has been perfect, no interruptions during trading hours, which is crucial for my day trading activities. Spreads are as low as advertised, but more variety in assets would be appreciated.”
Markus Braun
“I had a few issues with account verification, but once resolved, trading has been smooth. Customer support could be faster, but they are generally knowledgeable and helpful.”
Sophia Martinez

 Video: Trading with FXCC

Frequently Asked Questions (FAQ)

What regulatory authorities monitor FXCC?

The company is regulated by CySEC (Cyprus Securities and Exchange Commission) and ASIC (Australian Securities and Investments Commission), ensuring high standards of financial compliance.

Can I open a demo account?

Yes, FXCC offers a free demo account that allows you to practice trading without risking real money. It’s an excellent way for beginners to learn trading or for seasoned traders to test new strategies.

What is the minimum deposit required to open an account?

The minimum deposit is $100, making it accessible for small-scale traders to start trading.

Does FXCC allow scalping?

Yes, the broker permits scalping strategies. This is ideal for traders who wish to make quick, small profits.

Are there any hidden fees?

This broker does not charge deposit or withdrawal fees, but there is an inactivity fee if your account is not active for a certain period.

How can I contact their support?

You can reach them via email at [email protected] or by phone at +852 5808 4980. They offer multilingual support to cater to global clients.

What platforms does it offer?

FXCC offers MetaTrader 4, recognized for its robust functionality and ease of use.

Resources

      Our experts

      This article has been written, edited and reviewed by the following members of our team:

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      Feng Zhou

      Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.

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      Sandro Pontedra

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      Stephane Dubois

      Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.

      Last update: May 6, 2024