Today, I have come up with a broker named FXCC, which is a peculiar place for online trading. Through this FXCC review, you will come to know about the features of this broker which can prove useful for you and your career.
The Cyprus-based broker, FXCC or FX Central Clearing, offers advanced technology to help forex exchange market professionals perform exchanges, cryptocurrencies, indexes, and derivatives. Using an electronic network configured with institutional liquidity pools and price feeds, the company uses ECN/STP trading for its electronic trading system.
FXCC uses technology that allows for accurate and unbiased rates with the lowest spreads possible. Moreover, clients can choose from different ECN accounts to meet individual needs. Read on for more details on the FXCC review.
Is FXCC safe or a scam
Cyprus Securities and Exchange Commission (CySEC) regulated FXCC as a low-risk trading company, not a scam. Because an EU state authorizes the broker, it essentially complies to the EU Markets in Financial Instruments Directive (MiFID). It is registered on a cross-border basis in the states where it operates, allowing it to provide services pertaining to the European Economic Area.
Vanuatu is an offshore zone. It does not impose strict obligations upon its registered financial businesses, making it an investment with low security. It is still considered safe to trade with FXCC since the European regulator regulates them.
Like most Forex brokers, FXCC offers leverage, an effective method for maximizing trading potential by increasing initial account balances. However, leverage should also be used carefully since it can also lead to losses.
Levels of leverage depend on your trading strategy, your proficiency level, and any regulatory restrictions. You can find leverage ratios up to 1:300 when trading with FXCC’s global branch.
Among FXCC accounts, three ECN accounts are available based on volume, knowledge, and individual needs. Accounts with zero swaps, commissions and markups, or even fully customized plans for active traders or for traders with larger trading volumes might be offered.
So trading with an FXCC ECN account gives you the option of trading EUR, USD, and GBP with tight spreads from 0.01 pip, and you can trade 30 foreign currencies while enjoying free features like VPS, and SMS Notifications, EAs, Technical Indicators, and Charting Tools.
As a member of the FXCC ECN, you will automatically have access to multiple currencies like EUR, USD, and GBP and have the option to trade 30 coins absolutely free of charge.
Like most ECN brokers, FXCC offers Forex trading platforms based on MetaTrader 4. It works with all operating systems, includes EAs, hedging, analytical objects and charting tools and is compatible with all operating systems.
Additionally, the platform software was developed to suit the downloadable version for installation on desktops, a mobile application for following trades while on the move, a Multi-Terminal for managing multiple accounts simultaneously, and a MAM Broker.
Detailed information about crucial interest rates used by global central banks and an extensive range of tools used daily, including interest rates, is also offered. With the full range of features and available benefits delivered by FXCC, you’ll be able to find and suit the style of trading you require by offering a variety of capabilities and levels of complexity.
Additionally, FXCC offers VPS (Virtual Private Servers) that provide stability under any condition, speed and performance. An own personal server provides access to a variety of platforms and accounts, thus enabling automated trading programs or applications to run continuously and ensuring smooth trading.
In addition to these features, a multitude of additional features are also available in the Traders Hub environment, a tremendous advantage for FXCC clients.
Deposits and Withdrawals
We provide a wide range of deposit and withdrawal options from various providers, which caters to almost every client’s needs and is truly global. Payment methods include Visa, MasterCard, American Express, Discover, Neteller, Boleta, Skrill, Yandex, Neosurf, paysafecard, Rapid, SOfort, Bank Wire Transfers, and UnionPay.
Along with selecting significant withdrawal options, the broker covers transaction fees for deposits and withdrawals. However, it is best to check with the payment provider if any other additional costs are relevant or relevant.
Finally, we recognize FXCC as a provider of opportunities for trading with STP/ECN models and directly provides quotes from liquidity providers. FXCC offers a wide range of accounts with different features and deposit requirements so that traders of all levels can start trading conveniently. In addition, the FXCC regulated operating environment ensures a safe and sufficient trading environment and provides customer support.