FXCC

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	Official Website
Popularity
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	❌
CopyTrading	❌
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	Official Website

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Pros and Cons

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.

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 (EAs) 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.

Educational and Trading Resources

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

• Forex Education: Includes webinars, eBooks, 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:

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.

User Reviews

 Video: Trading with FXCC

Frequently Asked Questions (FAQ)

Resources

• Official Website
• Company UK registration
• X(Twitter)
• Trustpilot
• LinkedIn
• Facebook
• Instagram

Our experts

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

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.

Sandro Pontedra

Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.

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