FXCC Forex Broker Review and Rating 2024 Detailed FXCC information with traders reviews for 12 July 2024

You can also trade Spot US Crude Oil (WTI) and Spot UK Brent Oil (BRENT) contracts. FXCC offers demo accounts, apparently without any time limit, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. FXCC maintains one of the cheapest Forex cost structures available, with commission-free quotes from 0.0 pips or $0.00 per 1.0 standard lot for the most liquid currency pairs like the EUR/USD and the USD/JPY. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage.

Accounts & Banking

1. His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments.
2. What this does is create an opportunity where as the money you’re risking is a forex no deposit bonus, you are guaranteed to win one of the trades.
3. If you have experience trading with FXCC please share your personal review of the broker and what you think are strong and weak points.
4. I only really missed having PayPal available since this industry leader is one of the most widely used e-wallets and is accepted by rivals, including XTB and IG.
5. With so many potential traders all over the world, this also means a plethora of different forex brokers all competing for their clientele.

Like, they dont lure you in with leverage, dont create 15 account types. They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far. FXCC is good for day trading thanks to its very tight spreads in the ECN account, leverage trading opportunities, and access to the fast and dependable MetaTrader 4 platform. FXCC enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders. This long-time industry favorite is starting to show its age after decades since its release, and we prefer for brokers to offer a selection of platforms with newer and slicker options, especially for beginners. Still, FXCC has done well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements.

$۵۰ No Deposit Bonus – HF Markets

You can even get a VPS service for free to keep your automatic trading bots running smoothly if your own Internet is spotty. Believing firmly in the significance of having a multitude of liquidity providers in the ever-evolving forex market, we’ve cultivated robust relationships https://limefx.vip/ with globally acknowledged financial institutions. We aim to provide our clients with the most competitive forex spreads available, even under turbulent market conditions and during pivotal data and news releases, ensuring a sustained trading advantage.

How to Register FXCC account

Clients have access to the full suite of the out-of-the-box MT4 trading platform. It fully supports automated trading and is one of the most versatile trading platforms available. MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience. One significant advantage is that FXCC offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.

NO DEPOSIT BONUS OFFER $50 USD – XM

While they could make some more account options, the only account available fits all kinds of trading strategies.. It is worth mentioning that they don’t charge trading fees,, which is rare for an ECN account.The only platform available for trading is MT4, keep this in mind. Trading with FXCC will involve fees from $3 USD / R 60 ZAR, spreads from 1.3 pips to 1.5 pips, limefx official site and commission-free trading depending on the account type traders select. FXCC provides assistance to trading clients via its 24 hour Monday through Friday multilingual customer support service that features dedicated account managers. The broker also has a live chat service and an online form you can fill out, as well as a support email address, fax and phone number.

Which trading platforms are supported by FXCC?

Traders will enjoy high-end commissions straight into their accounts for referring potential clients to FXCC. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Overall, FXCC is considered a low-risk and can be summarised as a trustworthy and reliable ECN and STP Forex Broker. FXCC guarantees fast trading speeds from a few milliseconds and FXCC has more than 5000 registered clients to date. I take advantage of broker’s competitive pricing and market execution to apply trading bots. Maybe one of the reliable brokers I’ve worked with, and I’ve worked with a bunch of them already.

Accessing the MT4 app through an FXCC account is also straightforward, requiring only 3 easy steps, while mobile traders get the same tight spreads and reliable execution provided by the broker. FXCC is an ECN broker and only maintains one ECN account for all clients. It is unique as traders get a commission-free cost structure with raw spreads, an unusual offer, presenting Forex traders with a notable edge.

Overall, FXCC is considered a low-risk and can be summarised as a trustworthy and reliable ECN/STP Forex Broker. Regarding spread and security, FXCC guarantees fast trading speeds from a few milliseconds. In terms of users, FXCC has more than 5000 registered clients in South Africa. As you’re opening a live account, regulated brokers do however require you to follow the regular verification, KYC, and AML procedures required by law. Don’t be put off by this; these regulations are there to protect you by ensuring the broker is legitimate.

This approach guarantees unmatched transparency and eliminates any conflicts of interest. Unlike Dealing Desk brokers, FXCC never opposes client trades, ensuring a seamless and transparent trading experience. The potential for stop loss hunting or spread widening is meticulously eliminated. This execution model promises no dealer intervention, and no re-quotes, ensuring trades are made on prices furnished to FXCC by its liquidity providers. The Price Aggregator meticulously scans these, thus assuring traders invariably acquire the best available Bid/Ask price combinations.

The diversity of financial instruments which this company offers to customers is really huge. They have been running the business for over 14 years, so it seems they managed to add a lot of instruments for all this time. I like how tight spreads they provide on the forex market and the spreads are even more tighter than from other major and famous brokers. The technical support is good and it is noticeable that there are competent guys working.

As the name suggests, it’s a small cash bonus allocated to newly registered trading accounts without the requirement… Hopefully, when we compared the five best Forex Brokers with welcome/deposit bonuses in the industry to the ocean with black holes you didn’t get the impression that this entire space is corrupt. On the contrary, the number of trusted Forex providers is so high that it was quite hard for us to gather the cream of the industry. However, we’ve managed to make the selection thanks to the application of the criteria listed below. Please note that Forex Ratings is not endorsing or shilling for any of the brokers mentioned here. You may apply these criteria to any other broker that fits your personal requirements with regard to the size of the initial deposit, jurisdiction, etc.

Our regulatory compliance extends beyond our CySec regulation in Cyprus, manifesting in our possession of the MiFID passport for financial services firms within the broader realm of the European Union. This comprehensive regulatory alignment underscores our unwavering commitment to maintaining high standards of compliance, transparency, and ethical conduct. Our membership with the Investor Compensation Fund (ICF) is a testament to our dedication to providing an added layer of financial assurance.

Withdrawals at FXCC are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method. Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro. On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board. The secure back office of FXCC handles all financial transactions. FXCC maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies. Immerse yourself in the realm of unadulterated straight through processing and elevate your trading journey.

With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations. His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments. Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making. With a keen understanding of the financial industry and a commitment to driving innovation, Luke continues to make significant contributions to Benzinga’s mission of providing high-quality financial news and analysis. Perhaps, it’s one of the most significant characteristics for traders.

FXCC offers beginner traders a sound educational offering from where traders can expand. While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading. Brokers utilizing dealing desks and market-making often offer fixed spreads, signaling that the provided spreads may not emanate from a genuine, efficient, and organic marketplace. We at FXCC steadfastly commit to upholding unparalleled transparency in trading while ensuring the utmost security of your funds. The safeguarding of our clients’ investments, privacy, and security is our foremost priority, allowing our clients to trade with peace of mind under our regulated brokerage. In doing so, we empower traders to focus solely on their trading endeavors, entrusting us with the stringent protection of their investments.