FXCC Review 2022: Is This Forex Broker Good Choice For You
Founded in 2010, FXCC forex broker provides a manipulation-free portal and conflictless trading. The trading platform is an STP/ECN brokerage company, providing its customers with direct access to the ECN model. FXCC, a CySEC-regulated broker, offers clients access to a liquid Forex market (ECN). All of its clients have the same level of access, and all deals are completed instantly with no delays or re-quotes.
|Product offered||Forex, Stocks, Cryptos, Metals, Indices, Energy|
|Minimum Initial Deposit||No|
|MetaTrader 4 (MT4)||Yes|
|MetaTrader 5 (MT5)||No|
|Supported currencies||USD, EUR, AUD, GBP|
|Customer Support||24/5 via Email, Phone, & FAQs Support|
Unlike Dealing Desk brokers, FXCC broker do not accept the opposite side of deals. Counter-parties execute customer orders, stops, limits, and trades, putting FXCC firmly on the client’s side. The FXCC broker offers a lot to its clients, such as favorable trading conditions, instructional materials, and the MetaTrader 4 platform. FXCC offers reasonable currency spreads and transparent pricing, and the ability to use any trading technique. According to the FXCC review, the website is authorized and regulated by Cyprus Securities and Exchange Commission.
In this FXCC review, you will get to know about different aspects of FXCC. Catch a glimpse of this FXCC forex review before trading on the most popular trading platform.
What Is FXCC?
FXCC uses the trusted MetaTrader 4 platform, accessible as a download or online solution, to trade forex, indices, silver, and gold. The platform lacks MetaTrader 5 for Forex Trading. We log in to the Traders Hub in this broker review FXCC to look at minimum deposits, rules, leverage, and demo accounts. You can trade forex with a trading account or a demo account.
The Cyprus securities assure secure trading forex on the website. Investments with high risks need extra thoughts from your side. Data contained, and information contained in their server will guide you at no commission fees. In the financial markets, currency pairs are the two different currencies traded with each other.
There are two types of currency pairs you can trade. The first one is the base currency pair (e.g., USD/JPY), where the base currency is the US dollar and the base pair is the Japanese yen. The second one is crossed-pair which consists of an exchange rate between two currencies (e.g., EUR/USD). You can trade metals, trade currency pairs, stocks, forex, and other assets on the website.
The trading platform provides all clients with FXCC MT4, which is compatible with a variety of devices and major web browsers. The platform has a built-in database of over fifty indications for technical analysis and other sophisticated trading tools. Market, pending, and stop orders are also available and integrated tick indicators are available for precise estimation. To create your automated trading robots, you may also use MetaTrader’s programming language, MQL4.
A broker should pay attention to FXCC pros and cons of trade. Approach trading on FXCC MetaTrader 4 with low spreads, competitive spreads, and different account types. FXCC offer negative balance protection to trade better. Major currencies can be traded on MetaTrader 4. A long-term trader will gradually overcome the tension to lose money. With the ups and downs of the market, you will gain experience.
Features of FXCC
One of the most significant aspects of trading as investors is not going to spend money and make profits. To put the right foot forward is very important for potential profit among trading strategies. Tight spreads are beneficial for most traders, and FXCC has tighter spreads than other platforms. Tight floating spreads create an imbalance in the buy and sell order.
Along with providing the best forex trading account as the ECN XL account, the use of tight spreads on favorable trading conditions allows market makers to make profit by taking advantage of it.
Tight spreads also protect from potential losses due to sudden market fluctuations. Brokers would not want to risk their capital on fluctuating markets with tight spreads that protect them from risks by providing an added layer of security.
No Commission Fees
As brokers are well aware, one of the most significant aspects of a trade is the money you don’t have to spend. The ECN XL Account at FXCC has no commission costs, and spreads start at 0.0 pips. The ECN XL Account is also known as the zero account since it features zero deposit fees in addition to zero trading commissions and spreads starting at 0.0 pips. There are no broker commissions at this securities and exchange commission.
Diverse Trading Strategies Are Allowed
FXCC is rather agnostic when it comes to trading tactics. This broker allows hyperactive news trading, scalping, and other methods that other brokers may not allow. Help is given to support the versatile portfolio of trading assets.
Programs of Partnership
FXCC’s cooperation program is also excellent. There are high-end commissions, a customized partner site, a large selection of marketing materials, comprehensive tracking, and global payment possibilities with this program. FXCC treats its partners as individuals, and regional partners receive support with marketing initiatives, and they are also given marketing funds.
Swap-free Accounts Are Provided
FXCC’s swap-free accounts are also another selling point. There will be no commissions or administrative expenses for traders using Islamic accounts and no swap fees. Islamic accounts are available upon request, and FXCC has the right to refuse to give an Islamic account if it deems it necessary.
Transparency and Security
To maintain the security of all transactions, the MT4 platform uses 128-bit encrypted connections to transport data contained between servers. FXCC also provides expanded security techniques based on public-key cryptography, which should deter fraudsters.
Services Offered by FXCC
Analysis and Reach
FXCC Broker accepts leading international banks and many local choices, credit/debit cards, UnionPay, Neteller, bank wire transfers, and Skrill. Broker in the trading platform views the processing times and minimum/maximum deposits by clicking on the + next to each option.
FXCC’s website openly delivers all required information. There are no deposit fees; however, some withdrawals are subject to internal charges, as well as third-party processing fees. The bank wires are smooth and error-free. There can be technical disputes and technical analysis.
The broker’s educational page is a good resource for beginners and traders just starting. Many of the guides…