FXCC
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Pros and Cons
- Low spreads and fast execution
- Regulated by CySEC and FSCA
- Offers both MT4 and cTrader platforms
- Strong customer support with multiple contact options
- No deposit or withdrawal fees
- Comprehensive educational resources
- Attractive promotions and bonuses
- No MT5 platform
- Limited availability of advanced trading features
- Some payment methods may not be available in all African countries
Introduction
FXCC, or Forex Central Clearing, has steadily built a reputation as a reliable broker for traders worldwide, with a focus on offering client-centric services.
Established in 2010, the company has a strong regulatory framework and a suite of trading tools designed to empower both novice and seasoned traders.
Operating under the oversight of CySEC, FXCC adheres to strict financial standards to ensure trader safety and transparency.
Its commission-free trading model, zero spreads, and no dealing desk execution highlight its commitment to providing a fair trading environment.
In Africa, where traders often face challenges like limited market access, FXCC steps in as a versatile broker offering advanced trading platforms, flexible account types, and responsive customer support.
The broker’s suite of educational tools, combined with competitive trading conditions, makes it an appealing choice for African traders looking to maximize their market opportunities.
Regulation and Security
Regulation is a cornerstone of trust in the financial markets, and FXCC excels in this domain.
The broker is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), a well-respected regulatory body in the European Union.
Under MiFID II regulations, FXCC adheres to stringent requirements regarding client fund protection, operational transparency, and data security.
In addition to its CySEC license, FXCC participates in the Investor Compensation Fund (ICF), which protects clients up to €20,000 in the unlikely event of the broker’s insolvency.
Client funds are held in segregated accounts at top-tier banks, ensuring that they are separate from the broker’s operational funds.
Regular audits and strict adherence to international financial laws further strengthen the broker’s credibility.
Why Regulation Matters
- Protects traders from fraud and malpractice.
- Ensures client funds are securely held in segregated accounts.
- Provides compensation mechanisms in case of broker insolvency.
- Guarantees adherence to international standards for transparency and fairness.
Account Types
FXCC offers a straightforward account structure that caters to diverse trading needs.
With a focus on simplicity and accessibility, the broker provides accounts that eliminate complexities and focus on providing essential trading features.
| Account Type | Key Features | Minimum Deposit | Leverage | Spread |
|---|---|---|---|---|
| ECN XL |
|
$100 | 1:500 | From 0.0 pips |
| Standard ECN |
|
$200 | 1:300 | From 0.1 pips |
| Professional ECN |
|
$1,000 | 1:200 | From 0.2 pips |
Each account type is designed to accommodate a specific trading style and experience level.
For beginners, the ECN XL account provides a low-cost entry into forex trading, while professional traders can benefit from premium tools and dedicated support with the Professional ECN account.
Trading Platforms
FXCC prides itself on delivering an exceptional trading experience through its versatile and user-friendly trading platforms.
These platforms are designed to cater to traders of all levels, whether they are beginners looking for simplicity or advanced traders seeking comprehensive analytical tools.
Here’s an in-depth look at the platforms offered by FXCC:
MetaTrader 4 (MT4)
The MetaTrader 4 platform remains a favorite among traders worldwide, and FXCC ensures its clients can access this robust platform.
Key features include:
- Advanced Charting: MT4 provides customizable charts with a wide range of technical indicators and timeframes, allowing traders to analyze market trends effectively.
- Expert Advisors (EAs): The platform supports automated trading strategies, enabling traders to execute trades based on pre-defined criteria.
- Secure and Reliable: With strong encryption protocols, MT4 ensures that trading data and transactions are secure.
WebTrader
For traders who prefer browser-based access, FXCC offers the WebTrader platform.
This platform delivers the full suite of MT4 features without requiring downloads or installations.
Advantages include:
- Accessibility: Trade from any device with a web browser, providing flexibility for traders on the move.
- Real-Time Data: Access live market quotes and execute trades seamlessly.
- User-Friendly Interface: The intuitive design ensures that even new traders can navigate the platform effortlessly.
Mobile Trading
Recognizing the increasing demand for trading on the go, FXCC offers a mobile trading app compatible with iOS and Android devices.
Features include:
- Full Account Management: Monitor balances, open and close positions, and review trade history from your mobile device.
- Customizable Alerts: Stay updated with market movements through push notifications and alerts.
- Optimized Design: The mobile app is designed for ease of use on smaller screens, ensuring a smooth trading experience.
Trading Instruments
FXCC provides access to a diverse range of trading instruments, enabling traders to build well-rounded portfolios and explore opportunities in various markets.
From forex pairs to commodities, indices, and cryptocurrencies, FXCC caters to a broad spectrum of trading interests.
Forex
FXCC excels in offering competitive spreads and deep liquidity in the forex market.
With over 70 currency pairs available, traders can access major, minor, and exotic pairs. Features include:
- Tight Spreads: Benefit from spreads as low as 0.1 pips on major pairs.
- High Liquidity: Execute trades quickly and efficiently, even during periods of market volatility.
- 24/5 Market Access: Trade forex around the clock during the trading week.
Commodities
Trade popular commodities such as gold, silver, and crude oil with FXCC.
These instruments provide diversification and are often used as safe-haven assets during economic uncertainty. Features include:
- Leverage Up to 1:200: Maximize exposure with manageable capital requirements.
- Competitive Pricing: Benefit from market-leading spreads on commodities.
Indices
Access global indices such as the S&P 500, FTSE 100, and Nikkei 225.
FXCC allows traders to speculate on the performance of entire markets rather than individual stocks. Key highlights include:
- Low Margin Requirements: Trade indices with reduced capital outlay.
- High Volatility Opportunities: Capture profits in fast-moving market conditions.
Cryptocurrencies
FXCC has embraced the growing demand for digital assets, offering trading in major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
Benefits include:
- Secure Environment: Trade cryptocurrencies with confidence, backed by robust security measures.
- Flexible Trading Hours: Crypto markets operate 24/7, providing unparalleled flexibility.
Metals and Energies
Precious metals and energy products offer diversification and hedging opportunities.
FXCC provides access to markets like:
- Gold and Silver: Popular choices for wealth preservation and portfolio diversification.
- Crude Oil: A key commodity for traders seeking exposure to energy markets.
ETFs
Exchange-traded funds (ETFs) allow traders to invest in baskets of assets, providing diversification with lower capital requirements.
FXCC’s ETF offerings cater to a wide range of sectors and strategies.
Leverage and Margin
Leverage and margin are pivotal to trading with FXCC, providing traders with the tools to optimize their strategies while managing risk effectively.
FXCC ensures its leverage offerings are competitive yet responsible, promoting sustainable trading practices.
Leverage Options
FXCC offers varying leverage levels tailored to different instruments and trader profiles:
- Forex: Up to 1:500 for experienced traders looking to maximize their currency trading potential.
- Commodities: Leverage of up to 1:200 ensures substantial market exposure.
- Indices and Cryptocurrencies: Flexible leverage levels ranging from 1:50 to 1:100, balancing risk and opportunity.
Margin Requirements
FXCC implements margin requirements that align with global standards, ensuring traders have sufficient capital to sustain their positions:
- Margin Call Levels: Receive notifications when account equity approaches the required margin level, allowing for proactive risk management.
- Stop-Out Levels: Positions are liquidated when equity falls below a specific threshold, protecting traders from excessive losses.
Risk Management Tools
FXCC integrates essential tools to help traders navigate leverage and margin effectively:
- Negative Balance Protection: Prevents traders from incurring losses beyond their initial deposits.
- Leverage Customization: Adjust leverage levels according to trading preferences and risk tolerance.
- Margin Calculator: Plan trades more effectively with precise margin calculations.
FXCC’s commitment to offering competitive leverage and robust risk management tools ensures traders can optimize their strategies while maintaining control over their trading exposure.
Learn More About FXCC’s Leverage and MarginEducational Resources
FXCC places a strong emphasis on trader education, offering a comprehensive suite of learning materials.
These resources cater to traders of all levels, from beginners to seasoned professionals.
- Webinars: Live sessions on market trends and trading strategies.
- E-books: Comprehensive guides on trading fundamentals.
- Economic Calendar: Real-time updates on market-moving events.
- Market Analysis: Daily updates and in-depth reports.
Customer Support
FXCC provides exceptional customer support, available 24/5 through multiple channels, including live chat, email, and phone.
The support team is knowledgeable, ensuring quick and efficient resolution of trader queries.
Multilingual support caters to the diverse needs of clients across the globe, including those in Africa.
Conclusion and Final Thoughts
FXCC has emerged as a strong contender in the competitive brokerage market by prioritizing trader-centric features and transparency.
Its regulatory compliance ensures trust and safety, while its commitment to offering zero spreads and commission-free trading enhances its value proposition.
With advanced tools, reliable platforms, and comprehensive educational resources, the broker supports traders at every level of experience.
For African traders, FXCC presents an excellent option due to its localized support and flexible leverage options, addressing both accessibility and affordability concerns.
While its focus on forex and limited stock offerings might not appeal to all traders, those seeking a reliable partner for forex and CFD trading will find FXCC a dependable choice.
FXCC combines transparency, advanced tools, and regulatory oversight to deliver a trading experience that is both secure and rewarding for traders worldwide.[/su_box>
Visit the official website: FXCCBroker Comparison Table
This table compares essential features of FXCC and other top forex brokers, including demo account availability, minimum deposit requirements, regulatory bodies, trading platforms, leverage options, payment methods, and direct links to their websites.
| Broker | Demo Account | Minimum Deposit | Regulators | Platforms | Leverage | Payment Methods | Visit |
|---|---|---|---|---|---|---|---|
| FXCC | Yes | $100 | CySEC | MT4 | Up to 1:500 | Bank Transfer, Credit/Debit Card, Skrill, Neteller | Visit FXCC |
| XM | Yes | $5 | ASIC, CySEC, IFSC | MT4, MT5 | Up to 1:888 | Bank Transfer, Credit/Debit Card, Skrill, Neteller | Visit XM |
| FBS | Yes | $1 | IFSC, CySEC | MT4, MT5 | Up to 1:3000 | Bank Transfer, Credit/Debit Card, Skrill, Neteller | Visit FBS |
| RoboForex | Yes | $10 | IFSC | MT4, MT5, cTrader, R Trader | Up to 1:2000 | Bank Transfer, Credit/Debit Card, Skrill, Neteller | Visit RoboForex |
| IC Markets | Yes | $200 | ASIC, CySEC, FSA | MT4, MT5, cTrader | Up to 1:500 | Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller | Visit IC Markets |
| eToro | Yes | $200 | FCA, CySEC, ASIC | eToro Platform | Up to 1:30 | Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller | Visit eToro |
| IQ Option | Yes | $10 | CySEC | IQ Option Platform | Up to 1:30 | Bank Transfer, Credit/Debit Card, Skrill, Neteller | Visit IQ Option |
| Pepperstone | Yes | $200 | FCA, ASIC, CySEC | MT4, MT5, cTrader | Up to 1:500 | Bank Transfer, Credit/Debit Card, PayPal, Skrill | Visit Pepperstone |
| LiteFinance | Yes | $50 | CySEC | MT4, MT5 | Up to 1:500 | Bank Transfer, Credit/Debit Card, Skrill, Neteller | Visit LiteFinance |
Trading Instruments Comparison
This table provides a detailed comparison of the trading instruments offered by FXCC and other leading brokers, including CFDs, forex, stocks, commodities, cryptocurrencies, metals, and ETFs.
| Broker | CFD | Forex | Stocks | Commodities | Crypto | Metals | ETFs |
|---|---|---|---|---|---|---|---|
| FXCC | Yes | Yes | Yes | Yes | No | Yes | No |
| XM | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| FBS | Yes | Yes | No | Yes | Yes | Yes | No |
| RoboForex | Yes | Yes | Yes | Yes | Yes | Yes | No |
| IC Markets | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| eToro | Yes | Yes | Yes | Yes | Yes | No | Yes |
| IQ Option | Yes | Yes | No | Yes | Yes | No | No |
User Reviews and Opinions
Frequently Asked Questions
What is the minimum deposit required to start trading with FXCC?
The minimum deposit required to start trading with FXCC is $100.
Does FXCC offer an Islamic account?
Yes, FXCC offers an Islamic account for traders who require it.
Is FXCC regulated?
Yes, FXCC is regulated by CySEC and FSCA.
What trading platforms does FXCC support?
FXCC supports MT4 and cTrader trading platforms.
Are there any fees for deposits and withdrawals?
No, FXCC does not charge any fees for deposits and withdrawals.
Does FXCC offer educational resources?
Yes, FXCC offers extensive educational resources to help traders improve their skills.
What leverage does FXCC offer?
FXCC offers leverage of up to 1:500.
Can I use FXCC in all African countries?
FXCC is available in most African countries, but some payment methods may not be available in certain regions.
What types of accounts does FXCC offer?
FXCC offers several types of accounts including Standard, ECN, and Islamic accounts.
How can I contact FXCC customer support?
You can contact FXCC customer support via live chat, email, phone, and social media.
Resources
- Official Website
- FXCC on Facebook
- FXCC on Twitter
- FXCC on LinkedIn
- FXCC on Forex Peace Army
- FXCC on Myfxbook
- FXCC on Trustpilot
- FXCC on Reddit
Get To Know Our Team
The following team members have contributed to writing, editing, reviewing, and verifying the information in this article:
Arnold K.
Arnold is a financial journalist specializing in Forex and brokers. With a Bachelor of Science in Graphic Communication & Advertising, he blends creativity and analytical insight in his work. Arnold is known for his detailed analyses of forex markets and broker performance, emphasizing strategic decision-making in trading. His writing, featured on many platforms, aims to educate readers on navigating forex complexities. Passionate about technology and continuous learning, Arnold remains a trusted voice in the financial sector.
Oluwapelumi A.
Oluwapelumi A. is a financial journalist specializing in brokers and cryptocurrency. He holds a Higher National Diploma from The Polytechnic, Ibadan. As an independent journalist, his work has been published on premier broker sites, providing insightful analyses on broker performance and market trends. His investing style focuses on dollar-cost averaging, and his expertise includes Bitcoin, Ethereum, Cardano, and Algorand. A firm believer in the transformative power of Bitcoin and blockchain, Oluwapelumi shares knowledge on how these technologies can shape the future financial system. Outside of writing, he enjoys meeting new people and exploring new experiences.
Adetola F.
Adetola is a financial journalist and market analyst. He holds a B.Sc. in Educational Media and Technology from the University of Ilorin. Specializing in swing and position trading, Adetola has expertise in currencies, cryptocurrencies, gold, and stocks. Known for his consistent performance and extensive experience, he has trained numerous successful students worldwide. Adetola frequently publishes articles, educational videos, and live market reviews to help others navigate the complexities of financial markets.
Updated as of: March 4, 2025