FXCC Review 2020

FXCC Rated 3/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.
FXCC Screenshot

FXCC Guide

FXCC are an online broker founded in 2008 offering Forex trading trading, CFD trading trading, and Share Dealing trading.

FXCC are a global broker and have a head office in Cyprus.

FXCC have a listed stock symbol. This means that FXCC have publically listed and you can officially buy shares in FXCC on one of the worlds global market exchanges.

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

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of FXCC we break down the pros and cons. What FXCC are able to offer, what countries FXCC are available in. Who FXCC 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.

Benefits of trading with FXCC

Open FXCC's Website

Your capital is at risk

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

With this review we hope to help you see if FXCC 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 FXCC that will help you get off to a good start in the world of online trading.

FXCC Review Table of Contents

FXCC what you should know

FXCC offer three ways to trade: Forex trading, CFD trading, Share Dealing.

With FXCC you will need a minimum deposit of $500. You can sign up for a demo account to acquaint yourself with FXCC platform.

FXCC are able to accommodate various levels of traders whether you are experienced or a beginner.


Are FXCC safe?

When choosing a broker like FXCC 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 2008, and in operation for 12 years FXCC have a head office in Cyprus.

FXCC is regulated. This means FXCC are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

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

Any payments funded to FXCC accounts by traders are held in a segregated bank account.

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

Try creating two accounts when you are working with FXCC. 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 FXCC

Your capital is at risk

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

Broker fxcc eToro IC Markets Trading212
Year Established 2008 2006 2007 2006
Head Office Cyprus Cyprus, UK Australia UK
Regulation Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Used By 10,000+ 12,000,000+ 60,000+ 14,000,000+
Negative balance protection No Yes Yes
Guaranteed Stop Loss No No Yes
Learn More Visit FXCC Visit eToro Visit IC Markets Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

FXCC Pros and Cons

What we like about FXCC

  • Used by over 10,000 traders
  • Established in 2008
  • Regulated by Cyprus Securities and Exchange Commission (CySEC)
  • Min. deposit from $500

What we don't like about FXCC

FXCC Financial Regulation and Supervision in more detail

We have checked and FXCC is regulated and supervised by reputable organisations. You are able to check every FXCC supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with FXCC. 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 FXCC traders and provide a safe trading environment.

FXCC 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 FXCC you should be sure they're legitimate online agent.

FXCC General Fees

  • FXCC withdrawal fees varies on payment method
  • FXCC does charge inactivity fees
  • FXCC does charge deposit fees
Broker fxcc eToro IC Markets Trading212
Min Deposit 500 200 200 1
Withdrawal Fees $0.29 Yes No No
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes No

FXCC Commissions

  • FXCC does charge commission on CFD instruments.

What can you trade with FXCC?

Be aware that Different entities under FXCC 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 FXCC over 120 instruments infact.

If you are looking at trading currency pairs FXCC offer over currency pairs.

Compare FXCC with eToro and IC Markets below.

Your capital is at risk

Broker fxcc eToro IC Markets Trading212
Instruments Available 120 100 232 3000
Platforms MT4,MT5 Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, Tablet & Mobile apps
FX / Currencies Visit FXCC Visit eToro Visit IC Markets Visit Trading 212
Forex pairs offered 50 65 177
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit FXCC Visit eToro Visit IC Markets Visit Trading 212
Commodities Offered 0 0 19 14
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs Visit FXCC Visit eToro Visit IC Markets Visit Trading 212
Stocks Offered 957 100 1731
UK Shares Yes Yes No Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes

Trading on FXCC web platforms and other applications

FXCC is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

FXCC 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 FXCC's platforms

FXCC Trading benefits :

  • Allows scalping
  • Offers STP

FXCC Trading Accounts Offered :

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

Can I try FXCC before I buy?

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

FXCC withdrawal and funding methods.

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

FXCC offer the below funding payment methods. learn more about FXCC

Broker fxcc eToro IC Markets Trading212
Bank transfer No Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes No
Neteller No Yes Yes No

How can I start trading with FXCC?

When opening a trading account with FXCC, 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 FXCC trading platforms here.

Performing trades with FXCC

FXCC allow you to execute a minimum of trade of varies. This may vary depending on the account you open. FXCC allow you to execute a maxium trade of varies. As FXCC 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.

FXCC Leverage and FXCC CFDs Explained

let's take a look at some of the basics of using FXCC leverage.

FXCC offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

FXCC leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the FXCC trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The FXCC leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

FXCC CFDs are typically used for short to medium term trades. For example FXCC intraday trading.

Education resources at FXCC

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

FXCC 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 FXCC.

Take time to look around the FXCC 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 FXCC

FXCC support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

FXCC have a D grade support rating because because sometimes the response was slow or our query wasnt answered. FXCC less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at FXCC

We tested the FXCC live chat and it works well. We sent messages to FXCC livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with FXCC support in multiple languages in multiple countries. FXCC where able to resolve our customer issues.

Email Support at FXCC

We sent several emails to FXCC and answer times overall were excellent. The fastest response from FXCC was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with FXCC, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from FXCC.

Phone Support at FXCC

We called FXCC and the call was answered very quickly. The call was answered in less than 5-10 minutes.

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

Overall the phone support from FXCC was okay.

See how FXCC Support Compares Against Other Brokers

Broker fxcc eToro IC Markets Trading212
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, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, and Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
Learn More Visit FXCC Visit eToro Visit IC Markets Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 FXCC

As FXCC is regulated by Cyprus Securities and Exchange Commission (CySEC), 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 FXCC 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 FXCC'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 FXCC you can visit their website 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 https://www.fxcc.com/ on 12th August 2018.

Is FXCC A Good Broker?

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

  • FXCC have a good track record of offering Forex trading, CFD trading, Share Dealing.
  • FXCC has a history of over 12 years.
  • FXCC has a reasonable sized customer support of at least 10.
  • FXCC are regulated by Cyprus Securities and Exchange Commission (CySEC). This means FXCC 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.
  • FXCC have regulation from a Tier 1 reputable country.
  • FXCC has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • FXCC have an international presence in multiple countries. This includes local FXCC seminars and training.
  • FXCC are able to hire people from various locations in the world who can better communicate in your local language.

FXCC Risk Disclaimer

Your capital is at risk

FXCC Frequently Asked Questions

Can I try FXCC before I buy?

FXCC offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do FXCC accept?

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

FXCC offer the following funding payment methods among other payment methods.
Learn more here

Your capital is at risk

Is FXCC safe?

FXCC are considered safe as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC). Any payments funded to FXCC accounts by traders are held in a segregated bank account. For added security FXCC use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is FXCC trading good?

FXCC is considered good and reputable to trade with. FXCCFXCC is used by over FXCC active traders. FXCC offers Forex trading trading, CFD trading trading, and Share Dealing trading. Minimum deposit with FXCC is 500.

Is FXCC trading Legit?

FXCC was founded in Cyprus in 2008. FXCC has been facilitating trade on the financial markets for over 12 years. FXCC offers clients Forex trading trading, CFD trading trading, and Share Dealing trading. All funds deposited to FXCC are held in segregated tier 1 bank accounts for security. FXCC is regulated by Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.

Is FXCC a good broker?

FXCC is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker. FXCC allows Forex trading trading, CFD trading trading, and Share Dealing trading.

Is FXCC trustworthy broker?

FXCC can be considered trustworthy. All money funded to FXCC is placed into a segregated tier 1 bank account. this means your money in not held by FXCC directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also FXCC is regulated by Cyprus Securities and Exchange Commission (CySEC).

What is the minimum deposit for FXCC?

The minimum deposit to trade with FXCC is 500.

How long do FXCC withdrawals take?

Withdrawing money from FXCC processing time varies but averages 2-5 days.

Is FXCC regulated?

FXCC is regulated by Cyprus Securities and Exchange Commission (CySEC).

Is FXCC a market maker?

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

How can I start trading with FXCC?

When opening a trading account with FXCC, 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 FXCC trading platforms here.

Is my money safe with FXCC?

FXCC is regulated by Cyprus Securities and Exchange Commission (CySEC). One of the most important criteria for traders when choosing a broker like FXCC 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 FXCC, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is FXCC a con?

FXCC is regulated and well established having been in business for over 12 years. FXCC is definitely not a con.

Can you make money with FXCC?

Although traders have had great success with FXCC. Trading on the financial markets with FXCC 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 FXCC have fees?

FXCC withdrawal fees varies on payment method. FXCC does charge inactivity fees. FXCC does charge deposit fees.

When was FXCC founded?

FXCC was founded in 2008.

How many people use FXCC?

FXCC is used by over 10000 registered traders.

What is FXCC Headquarters country?

FXCC has its head quarters office in Cyprus.

Does FXCC offer negative balance protection?

FXCC does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does FXCC offer guaranteed stop loss?

FXCC 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 FXCC allow scalping?

FXCC offers scalping.

Does FXCC allow hedging?

FXCC does not offer hedging.

Does FXCC offer CFD trading?

FXCC offers CFD trading.

Does FXCC offer STP?

FXCC offers STP trading.

How many people use FXCC?

FXCC is used by over 10000 traders.

Is FXCC an ECN broker?

FXCC offers ECN trading.

Does FXCC offer a demo account?

FXCC offers a demo account.

Does FXCC offer an Islamic account?

FXCC offers a Islamic accounts.

What are the funding methods for FXCC?

FXCC accept the following funding methods :

FXCC review written by Andrew Blumer and Mark Hansen

We hope you found our review of the FXCC 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.

FXCC review written by Mark Hansen of Comparebrokers.co