FXCC: what to expect

Regulation and security

Regulation and security are fundamental factors when choosing a broker. FXCC is regulated by CySEC, one of the most reputable regulatory bodies in the industry. Holding a license from the Cyprus Securities and Exchange Commission (CySEC) ensures that FXCC adheres to strict financial standards, offering clients a high level of protection. Additionally, clients’ funds are held in segregated accounts with top-tier banks, significantly reducing the risk of theft and fraud. The broker also participates in the Investor Compensation Fund (ICF), providing an additional layer of security for clients’ investments.

Trading instruments

FXCC offers its clients a diverse selection of trading instruments. This wide range allows traders to diversify their portfolios and select the most suitable assets for their trading strategy. The quality of order execution at the broker is quite high, which has a positive effect on the trading experience of users.

Available assets:

• Currency pairs
• Cryptocurrencies
• Metals
• Indices
• Energies

Account types and fees

FXCC provides one type of live account. This type is called ECN XL. ECN accounts offer more competitive spreads, but charge a commission on each trade. In general, trading conditions at FXCC are fairly transparent, but some clients may lack variety or may not agree with the ECN XL account terms.

Minimum deposit: $0

Max leverage: 1:500

Spreads from: 0.0 pips

EA available: Yes

Islamic account: Yes

Platforms

FXCC uses the time-tested trading platform MetaTrader 4 (MT4), which is known for its extensive functionality and reliability. MT4 supports various technical analysis tools, automated trading through advisors and has a user-friendly interface, making it suitable for both beginners and experienced traders. The platform is available in versions for PC as well as mobile devices, allowing traders to stay connected and trade anytime, anywhere.

Education

FXCC offers its clients a range of educational materials, including webinars, articles, video tutorials and analytics. These resources help traders improve their knowledge and skills, which is especially useful for beginners. Experienced traders may also find useful information in the analytical reviews and market research provided by the broker.

Advantages and disadvantages

Pros:

• CySEC regulation
• Wide selection of trading instruments
• Support for the popular MetaTrader 4 platform
• Various training materials and analytics

Cons:

• Commissions for trades on ECN XL
• Limited selection of trading platforms (MT4 only)

Summary

FXCC provides its clients with a reliable and varied trading experience. Regulation, a wide range of trading instruments and MT4 support make it an attractive choice for traders. Despite some shortcomings, such as the choice of platforms, the broker offers transparent trading conditions and high-quality service. FXCC can be a good option for traders looking for a balanced and reliable brokerage service.