Afaids

Is FXCC a Scam?

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FXCC offers a single commission-free live trading ECN XL account for traders of all experience levels. It also provides a good selection of assets, including forex, cryptocurrencies, indices, metals, and commodities.

The broker is transparent about fees, and its deposit and withdrawal options include bank wire transfers. However, it does charge internal fees and some third-party processing costs.

Signing up for an account

There are only a few steps you need to take to sign up for an account with FXCC. The first step is to fill out the online form with a name and an email address. Once you have submitted the record, the broker will verify your identity. This is usually completed within 24 hours.

Upon completing the verification process, you will receive an account opening email that contains links to download your trading platform. You can then start trading instantly from the comfort of your home.

This website is regulated by the Cyprus Securities and Exchange Commission (CySEC), which means that traders can rest assured they’re in safe hands. Traders are also protected by a segregated account, so there is no risk of losing money.

FXCC has been around for over a decade, and its business model is stable and effective. It’s based on STP (Straight Through Processing), which means that orders are sent directly to financial institutions for execution, eliminating the risk of price mark-ups and conflicts of interest.

Trading with FXCC

FXCC is a well-established Forex broker with a strong reputation for excellent trading conditions and zero commission fees. It offers educational tools, dedicated customer service, and low-floating spreads on powerful instruments.

Traders Union has reviewed the trading and non-trading fees at FXCC and found no hidden commissions, as well as minimal deposit and withdrawal fees. There are also no fees for holding positions overnight (swaps).

The broker accepts leading international banks and many local choices, including credit/debit cards, UnionPay, Neteller, bank wire transfers, and Skrill. Processing times and minimum/maximum deposits are displayed on the website.

The broker is regulated by VFSC and CySEC and is registered in 26 countries of the European Union under the Markets in Financial Instruments Directive (MiFID). It maintains adequate capital, separates client funds from corporate funds, offers negative balance protection, and conducts audits.

Customer service

The FXCC customer service team is available to answer your questions 24 hours a day, five days a week. You can get help via email, web form, phone, fax, or a multilingual live chat. The company also has seven social media channels and a robust FAQ section to answer your most pressing questions. Unlike many online financial services providers, FXCC provides customer support in multiple languages and has a solid track record for fast resolutions to problems that arise.

The company offers other exciting customer service features, such as a zero deposit fee and many innovative trading tools. These include a slew of trading analyses designed to provide traders with the most pertinent information at the most relevant time. The broker also boasts a solid mobile app and a variety of educational resources that are designed to inspire, motivate and educate new and experienced traders alike. The best part is that most of these innovations are free or available at no cost to existing clients.

Minimum deposit

FXCC offers a variety of trading options. These include the ECN XL account, the FXCC MT4 account, and the cTrader. It also provides a free demo account for new traders to try out its trading platform and services.

FXCC is an EU-regulated broker that follows the Markets in Financial Instruments Directive (MiFID). This allows the company to operate as a low-risk, legitimate forex broker.

To open an account with FXCC, you must provide your name and a valid email address. You can choose from several deposit methods, including credit/debit cards, bank wire transfers, and Skrill.

The minimum deposit is $0 for the cTrader and FXCC MT4 accounts, while the ECN XL account does not have any minimum warranties. Traders can also take advantage of the 100% first deposit bonus, which doubles their account equity after making their first deposit. This bonus is based on MetaTrader 4 credit performance and disappears once the account reaches a certain margin level.