FX Central Clearing Review 2020

FX Central Clearing Rated 3/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
FX Central Clearing Review Screenshot

FX Central Clearing Guide - Read our In Depth FX Central Clearing Review

This FX Central Clearing review was written by industry experts with over 20 years of financial experience in Forex.
The content in this FX Central Clearing review does not apply to US users.

What is FX Central Clearing?

FX Central Clearing are an a global online financial trading platform and multi asset broker founded in 2010

Over 10 years later FX Central Clearing has grown to offering retail investors Forex trading.

FX Central Clearing are a global broker and have a head office in Cyprus.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this FX Central Clearing review and assess how well the FX Central Clearing platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like FX Central Clearing can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of FX Central Clearing we breakdown the pros and cons. What FX Central Clearing are able to offer, what countries FX Central Clearing are available in. Who FX Central Clearing are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this FX Central Clearing review useful.

This review of the FX Central Clearing platform is very detailed. If you are interested in trading with FX Central Clearing in any capacity please take the time to read and research the whole FX Central Clearing review.

We have tried to explain the ins and outs of financial trading through the FX Central Clearing platform as plainly as possible so that you the trader are as informed as possible before you start to use the FX Central Clearing trading tools and depositing and withdrawing funds from FX Central Clearing.

Benefits of trading with FX Central Clearing

Open FX Central Clearing's Website

Your capital is at risk

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with FX Central Clearing like Forex trading. you should have confidence in FX Central Clearing and know that the management of your financial investments on the FX Central Clearing platform is in good hands.

At the bottom of this FX Central Clearing review you can also learn about some pretty good alternatives to FX Central Clearing

With this FX Central Clearing review we hope to help you see if FX Central Clearing is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding FX Central Clearing that will help you get off to a good start in the world of online trading.

FX Central Clearing Review Table of Contents

FX Central Clearing review
FX Central Clearing is a Multi-Assets Trading Platform with over 100+ Assets

Learn more about FX Central Clearing. FX Central Clearing is a multi asset platform with 100+ tradable Assets. Assets available on FX Central Clearing include Forex.

FX Central Clearing trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex are considered financial assets.

FX Central Clearing review
Features of FX Central Clearing

FX Central Clearing review
What you should know

FX Central Clearing offer one way to trade: Forex.

With FX Central Clearing you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with FX Central Clearing platform.

FX Central Clearing are able to accommodate various levels of traders whether you are experienced or a beginner.

FX Central Clearing review
Are FX Central Clearing safe?

When choosing a broker like FX Central Clearing the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2010, and in operation for 10 years FX Central Clearing have a head office in Cyprus.

FX Central Clearing is regulated. This means FX Central Clearing are supervised by and is checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FX Central Clearing, this will be honored. If FX Central Clearing violate any regulatory rules their regulated status could be stripped.

FX Central Clearing review
Is my money safe with FX Central Clearing?

Any payments funded to FX Central Clearing accounts by traders are held in a segregated bank account.

For added security FX Central Clearing use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should FX Central Clearing use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in FX Central Clearing deposited in a Tier 1 bank?

Having any money you deposit with FX Central Clearing means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if FX Central Clearing goes out of business for some reason.

Therefore, we can safely conclude that FX Central Clearing is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. FX Central Clearing also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding FX Central Clearing. let us look at the FX Central Clearing features in more detail.

Try creating two accounts when you are working with FX Central Clearing. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit FX Central Clearing

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How FX Central Clearing as a Company Compare Against Other Brokers

Broker FXCC eToro IC Markets XTB
Year Established 2010 2006 2007 2002
Head Office Cyprus Cyprus, UK Australia Poland
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ FX Central Clearing users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection Yes Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit FX Central Clearing Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FX Central Clearing review
FX Central Clearing Pros and Cons

What we like about FX Central Clearing

  • Used by over 10,000 FX Central Clearing users and traders
  • Established in 2010
  • Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
  • Min. deposit from $100

What we don't like about FX Central Clearing

FX Central Clearing review
FX Central Clearing Regulation and Licensing in more detail

We have checked and FX Central Clearing is regulated and supervised by reputable organisations. You are able to check every FX Central Clearing supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with FX Central Clearing. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect FX Central Clearing traders and provide a safe trading environment.

FX Central Clearing is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as FX Central Clearing you should be sure they're legitimate online agent.

FX Central Clearing review
Is FX Central Clearing Global?

Yes, FX Central Clearing is global as FX Central Clearing is available in over 194 countries.

FX Central Clearing is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries FX Central Clearing covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. FX Central Clearing has a total of more than 10,000 users.

FX Central Clearing review
FX Central Clearing Fees Explained

  • FX Central Clearing doesn't charge withdrawal fees
  • FX Central Clearing does not charge a fee for inactive accounts.
  • FX Central Clearing doesn't charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How FX Central Clearing Fees Compare Against Other Brokers

Broker FXCC eToro IC Markets XTB
Min Deposit 100 200 200 0
Withdrawal Fees No Yes No varies
Inactivity Fees No Yes No No
Deposit Fees No No Varies No
CFD Commission Fees 0.4- 0.75 pip a side No Yes Yes

FX Central Clearing review
FX Central Clearing Minimum Deposit

FX Central Clearing require a minimum desposit of 100 GBP/USD when opening an FX Central Clearing trading account.

A minimum deposit is the minimum amount of money required by FX Central Clearing to open a new online brokerage account with them.

Dont be scared off by brokers like FX Central Clearing charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

FX Central Clearing review
FX Central Clearing Withdrawal Fees

FX Central Clearing doesn't charge withdrawal fees.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

FX Central Clearing for example allow you to withdraw your funds to Credit cards, Bank Transfer, Neteller, Skrill, .

FX Central Clearing review
FX Central Clearing Inactivity Fees

FX Central Clearing does not charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

FX Central Clearing review
FX Central Clearing Desposit Fees

FX Central Clearing does not charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

FX Central Clearing review
FX Central Clearing Commission Fees

FX Central Clearing does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

FX Central Clearing review
What can you trade with FX Central Clearing?

Be aware that Different entities under FX Central Clearing Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with FX Central Clearing over 100 instruments infact.

If you are looking at trading currency pairs FX Central Clearing offer over 30 currency pairs.

Compare FX Central Clearing with eToro and IC Markets below.

Your capital is at risk

How FX Central Clearing Trading Options Compare Against Other Brokers

Broker FXCC eToro IC Markets XTB
Instruments Available 100 2000 232 4000
Platforms MT4, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 30 50 65 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 0 19 21
Metals Yes Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 0 957 100 1696
UK Shares No Yes No Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit FX Central Clearing
Your capital is at risk
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FX Central Clearing review
Trading on FX Central Clearing web platforms and other applications

FX Central Clearing offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

FX Central Clearing also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.


See FX Central Clearing's platforms

FX Central Clearing review
Is the FX Central Clearing Trading Platform Secure?

FX Central Clearing safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. FX Central Clearing also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating FX Central Clearing.

FX Central Clearing review
FX Central Clearing Trading Platform Options

Once you have logged into your FX Central Clearing account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)

FX Central Clearing does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here

FX Central Clearing does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options FX Central Clearing gives you.

FX Central Clearing review
FX Central Clearing MetaTrader 4 (MT4)

FX Central Clearing MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with FX Central Clearing. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with FX Central Clearing in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. FX Central Clearing MetaTrader 4 is compatible with the latest macOS Mojave. FX Central Clearing allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on FX Central Clearing

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade FX Central Clearing MetaTrader 4 on IOS Devices

You can download the FX Central Clearing app or also trade with FX Central Clearing through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade FX Central Clearing MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. FX Central Clearing provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android FX Central Clearing MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade FX Central Clearing MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

FX Central Clearing MetaTrader 4 Advanced Trading Tools

The FX Central Clearing advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. FX Central Clearing offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade FX Central Clearing MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

FX Central Clearing MetaTrader 4 AutoChartist

FX Central Clearing Autochartist provides the world's first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

FX Central Clearing Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

FX Central Clearing Trading Accounts Offered :

  • Demo account
  • Micro account
  • Standard account
  • ECN account
  • STP account
  • Islamic account

Can I try FX Central Clearing before I buy?

FX Central Clearing offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Your capital is at risk

FX Central Clearing withdrawal and funding methods.

Please note that the list of FX Central Clearing payment methods below depend on the FX Central Clearing Entity and the Clients Country of Residence.

FX Central Clearing offer the below funding payment methods. learn more about FX Central Clearing

FX Central Clearing Payment Methods

  • FX Central Clearing accepts Credit cards
  • FX Central Clearing accepts Bank Transfer
  • FX Central Clearing accepts Neteller
  • FX Central Clearing accepts Skrill
Broker FXCC eToro IC Markets XTB
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes No Yes
Neteller Yes Yes Yes Yes

How can I start trading with FX Central Clearing?

When opening a trading account with FX Central Clearing, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FX Central Clearing trading platforms here.

Your capital is at risk

Performing trades with FX Central Clearing

FX Central Clearing allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. FX Central Clearing allow you to execute a maxium trade of 50 Lot. As FX Central Clearing offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the instruments.

FX Central Clearing also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by FX Central Clearing here.

Limiting Your Risk When Trading with FX Central Clearing Negative Balance Protection

We should say something about negative balance protection with FX Central Clearing. When trading using leverage an adverse move could result in losing more than your trading account balance at FX Central Clearing. Your FX Central Clearing account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Limit Risk When Trading with FX Central Clearing Stop Loss, FX Central Clearing Stop Limit Orders

A stop-loss order is an order placed with a broker like FX Central Clearing to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at FX Central Clearing

To trade effectively with FX Central Clearing, it's important to get a have a good understanding of the FX Central Clearing trading tools and the markets.

FX Central Clearing offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with FX Central Clearing.

Take time to look around the FX Central Clearing platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at FX Central Clearing

FX Central Clearing support a limited number including English

FX Central Clearing have a double AA grade support rating because FX Central Clearing offer live chat and email support in multiple languages.

Livechat Support at FX Central Clearing

We tested the FX Central Clearing live chat and it works well. We sent messages to FX Central Clearing livechat through their app and website and recieved a response within 30 seconds.

We tested communicating with FX Central Clearing support in multiple languages in multiple countries. FX Central Clearing where able to quickly resolve our customer issues.

Email Support at FX Central Clearing

We sent several emails to FX Central Clearing and answer times overall were excellent. The fastest response from FX Central Clearing was less than 15 minutes and the slowest response was 7 hours. Support response times may vary for you with FX Central Clearing, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from FX Central Clearing.

Phone Support at FX Central Clearing

We called FX Central Clearing and the call was answered very quickly. The call was answered in less than 5 minutes.

The FX Central Clearing phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual FX Central Clearing team by calling in varying languages. FX Central Clearing made an effort to make sure our queries were answered.

Overall great phone support from FX Central Clearing.

See how FX Central Clearing Support Compares Against Other Brokers

Broker FXCC eToro IC Markets XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit FX Central Clearing Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with FX Central Clearing

As FX Central Clearing is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under FX Central Clearing Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore FX Central Clearing's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with FX Central Clearing you can visit the FX Central Clearing trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.fxcc.com/ on November 24, 2020.

FX Central Clearing review
Is FX Central Clearing A Good Broker?

We spent over 3 months examining FX Central Clearing in depth. Although we found some very useful aspects of the FX Central Clearing platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative FX Central Clearing broker.

  • FX Central Clearing have a good track record of offering Forex.
  • FX Central Clearing has a history of over 10 years.
  • FX Central Clearing has a reasonable sized customer support of at least 10.
  • FX Central Clearing are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID). This means FX Central Clearing fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • FX Central Clearing have regulation from a Tier 1 reputable country.
  • FX Central Clearing has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • FX Central Clearing have an international presence in multiple countries. This includes local FX Central Clearing seminars and training.
  • FX Central Clearing are able to hire people from various locations in the world who can better communicate in your local language.

FX Central Clearing Risk Disclaimer

Your capital is at risk

FX Central Clearing review
FX Central Clearing not quite right?

If after reading this FX Central Clearing review, FX Central Clearing does not fulfill your needs check out these FX Central Clearing Alternatives.

Click here to view the best FX Central Clearing Alternatives

We have spent years researching the best alternatives to FX Central Clearing. Click the links below to learn more.

If you feel some of the above FX Central Clearing are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of FX Central Clearing alternatives below.

FX Central Clearing review
Related FX Central Clearing Vs Comparisons

We have covered allot in this FX Central Clearing review, If you want to see how FX Central Clearing compares side by side with other brokers check out our FX Central Clearing Vs pages.

If you would like to see how FX Central Clearing stands up against other brokers you can read some of our FX Central Clearing comparisons below. We compare side by side some of our top rated FX Central Clearing versus comparisons. Read our indepth FX Central Clearing VS pages below.

FX Central Clearing review
FX CENTRAL CLEARING Frequently Asked Questions

Can I try FX Central Clearing before I buy?

FX Central Clearing offer a demo account so you can try the FX Central Clearing platform before you put down a payment. Learn more here

What funding methods do FX Central Clearing accept?

Please note that the list of payment methods below depend on the FX Central Clearing Entity and the Clients Country of Residence.

FX Central Clearing offer the following funding payment methods Credit cards, Bank Transfer, Neteller, Skrill, among other payment methods.
Learn more here

Your capital is at risk

Is FX Central Clearing safe?

FX Central Clearing are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID). Any payments funded to FX Central Clearing accounts by traders are held in a segregated bank account. For added security FX Central Clearing use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is FX Central Clearing trading good?

FX Central Clearing is considered good and reputable to trade with FX Central Clearing. FX Central Clearing is used by over 10000 active traders and FX Central Clearing users. FX Central Clearing offers Forex trading. Minimum deposit with FX Central Clearing is 100.

Is FX Central Clearing trading Legit?

FX Central Clearing was founded in Cyprus in 2010. FX Central Clearing has been facilitating trade on the financial markets for over 10 years. FX Central Clearing offers clients Forex trading. All funds deposited to FX Central Clearing are held in segregated tier 1 bank accounts for security. FX Central Clearing is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) so can be considered legit.

Is FX Central Clearing a good broker?

FX Central Clearing is overseen by the top tier financial regulators Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) so can be considered a good broker. FX Central Clearing allows Forex trading.

Is FX Central Clearing trustworthy broker?

FX Central Clearing can be considered trustworthy. All money funded to FX Central Clearing is placed into a segregated tier 1 bank account. this means your money in not held by FX Central Clearing directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also FX Central Clearing is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID).

What is the minimum deposit for FX Central Clearing?

The minimum deposit to trade with FX Central Clearing is 100.

How long do FX Central Clearing withdrawals take?

Withdrawing money from FX Central Clearing processing time varies but averages 2-5 days.

Is FX Central Clearing regulated?

FX Central Clearing is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID).

Is FX Central Clearing a market maker?

FX Central Clearing is a market maker. Stocks, currency and other commodities and instruments will be purchased by FX Central Clearing even if no buyer is lined up.

How can I start trading with FX Central Clearing?

When opening a trading account with FX Central Clearing, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FX Central Clearing trading platforms here.

Is my money safe with FX Central Clearing?

FX Central Clearing is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID). One of the most important criteria for traders when choosing a broker like FX Central Clearing is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FX Central Clearing, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is FX Central Clearing a con?

FX Central Clearing is regulated and well established having been in business for over 10 years. FX Central Clearing is definitely not a con.

Can you make money with FX Central Clearing?

Although traders have had great success with FX Central Clearing. Trading on the financial markets with FX Central Clearing is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does FX Central Clearing have fees?

FX Central Clearing doesn't charge withdrawal fees. FX Central Clearing doesn't charge inactivity fees. FX Central Clearing doesn't charge deposit fees.

When was FX Central Clearing founded?

FX Central Clearing was founded in 2010.

How many people use FX Central Clearing?

FX Central Clearing is used by over 10000 registered FX Central Clearing users.

What is FX Central Clearing Headquarters country?

FX Central Clearing has its head quarters office in Cyprus.

Does FX Central Clearing offer negative balance protection?

FX Central Clearing offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does FX Central Clearing offer guaranteed stop loss?

FX Central Clearing does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does FX Central Clearing allow scalping?

FX Central Clearing offers scalping.

Does FX Central Clearing allow hedging?

FX Central Clearing offers hedging.

Does FX Central Clearing offer CFD trading?

FX Central Clearing does not offer CFD trading.

Does FX Central Clearing offer STP?

FX Central Clearing offers STP trading.

How many people use FX Central Clearing?

FX Central Clearing is used by over 10000 FX Central Clearing users and traders.

Is FX Central Clearing an ECN broker?

FX Central Clearing offers ECN trading.

Does FX Central Clearing offer a demo account?

FX Central Clearing offers a demo account.

Does FX Central Clearing offer an Islamic account?

FX Central Clearing offers a Islamic accounts.

What are the funding methods for FX Central Clearing?

FX Central Clearing accept the following funding methods : Credit cards, Bank Transfer, Neteller, Skrill, .

FX Central Clearing review written by Andrew Blumer and Mark Hansen

We hope you found our review of the FX Central Clearing brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

FX Central Clearing review written by Mark Hansen of Comparebrokers.co