FXCC: Strong ECN Spreads, Mind the Regulatory Landscape
FXCC is a suitable choice for active traders and scalpers who prioritize low spreads and high leverage on the ECN XL account. Its strongest advantage lies in its competitive 0.0 pip spreads and zero commission structure. However, traders should be aware of the dual regulatory structure, with the primary entity regulated offshore by MISA, and potential withdrawal fees. We recommend FXCC for experienced traders comfortable with its regulatory setup and fee schedule.
| Regulation | MISA, CySEC |
| Founded | 2010 |
| Headquarters | Comoros Union |
| Minimum Deposit | No minimum |
| Maximum Leverage | 1:1000 |
| US Clients | Not accepted |
| EUR/USD Spread | From 0.0 pips |
| Trading Platforms | MT4, MT5, Web, Mobile |
| Instruments | Forex, Metals, Indices, Energies, Crypto, Equities |
| Deposit Methods | Bank wire, Cards, E-wallets, Crypto |
| Withdrawal Time | Instant to 5 Business Days |
| Customer Support | 24/5 |
| Website | fxcc.com |
Capital at risk. CFD trading involves significant risk. This may be an affiliate link.
Our Full Rating Breakdown
Our scoring methodology evaluates brokers across key areas important to traders. We assess factors like regulatory strength, pricing competitiveness, platform features, asset diversity, and funding options to provide a comprehensive and objective rating. Each category receives a score out of five, contributing to an overall average.
Is FXCC Regulated & Safe?
FXCC operates under a dual regulatory structure. Its primary entity, Central Clearing Ltd, is regulated by the Mwali International Services Authorities (MISA) in the Comoros Union. Additionally, FX Central Clearing Ltd is authorized by the Cyprus Securities and Exchange Commission (CySEC) under license 121/10, offering MiFID protections for EU clients. Client funds are segregated, and negative balance protection is provided, enhancing safety measures for traders.
- Regulator
- MISA, CySEC
- License Number
- BFX2024085 (MISA), 121/10 (CySEC)
- Tier
- Tier 3 (MISA), Tier 1 (CySEC)
- Client Fund Segregation
- Yes
- Compensation Scheme
- None
- Negative Balance Protection
- Yes
- Founded
- 2010
- Headquarters
- Comoros Union
WikiFX mentions a formal warning regarding offshore license fraud, though no direct regulator source was found to confirm this specific warning. Traders should conduct their own due diligence.
Always verify a broker's license directly on the regulator's website before depositing funds.
FXCC does not accept clients from the United States.
Fees, Spreads & Commissions
FXCC primarily offers an ECN XL account with a competitive fee structure. It features spreads starting from 0.0 pips and zero commission on forex pairs, which is highly attractive for active traders. While the broker states no deposit fees, withdrawal fees can be applied by payment service providers, and some methods incur direct charges. This model contrasts with some industry peers that might charge commissions per lot but offer even tighter raw spreads.
| Instrument | ECN XL Account |
|---|---|
| EUR/USD | 0.0 |
| GBP/USD | 0.0 |
| USD/JPY | 0.0 |
| Gold XAUUSD | 0.0 |
| Oil USOIL | 0.0 |
FXCC maintains transparent pricing, with the broker covering deposit fees and clearly outlining potential withdrawal charges.
Rollover/swaps are applied nightly, with triple charges on Wednesday nights, though swap-free Islamic accounts are available.
Account Types Explained
FXCC offers an ECN XL account designed for active traders seeking raw spreads and fast execution. It also provides Demo, Islamic, and Managed accounts to cater to various trading needs and preferences. While there’s no minimum deposit requirement for the ECN XL account, a $100 deposit is recommended to start trading effectively. Account opening is straightforward, allowing traders to quickly access the market.
- Raw spreads from 0.0 pips
- Zero commission trading
- High leverage for non-EU clients
Account Comparison
| Feature | ECN XL Account |
|---|---|
| Min Deposit | No minimum |
| Spread From | 0.0 pips |
| Commission | $0 |
| Leverage | 1:1000 |
| Instruments | 70+ Forex, Metals, Indices, Energies, Crypto, Equities |
| Best For | Active traders, scalpers |
A demo account is available for practice, and Islamic (swap-free) accounts cater to specific religious requirements.
Trading Platforms & Tools
FXCC provides the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, available across various devices including PC, Mac, iOS, Android, and Webtrader. These platforms offer robust charting tools, extensive customization options, and full support for Expert Advisors (EAs). The inclusion of copy trading functionality further enhances the offering for traders looking to automate or mirror strategies.
Platform Feature Comparison
| Feature | MetaTrader 4 (MT4) | MetaTrader 5 (MT5) |
|---|---|---|
| Web-based | yes | yes |
| Mobile App | yes | yes |
| Expert Advisors | yes | yes |
| Copy Trading | yes | yes |
| Chart Types | Not disclosed | Not disclosed |
Deposits & Withdrawals
FXCC supports a broad range of deposit and withdrawal methods, including bank wire, credit/debit cards, e-wallets like Skrill and Neteller, and various cryptocurrencies. Deposits are generally processed instantly, with the broker covering associated fees. While FXCC itself does not charge withdrawal fees, payment service providers often do, which can impact the net amount received. Minimum withdrawal amounts vary significantly by method.
| Payment Method | Deposit Speed | Withdrawal Speed | Broker Fee |
|---|---|---|---|
| Bank Wire | Instant | 1-5 Business Days | $45 |
| Skrill | Instant | Instant to 24 Hours | 1.5% to 2.5% |
| Neteller | Instant | Instant to 24 Hours | Up to 2.5% |
| Cryptocurrency | Within 15 min | Instant to 24 Hours | 2% |
| Visa | Instant | 1-3 Business Days | Up to 3% |
| Mastercard | Instant | 1-3 Business Days | Up to 3% |
| PayPal | Not disclosed | Instant | Up to 3% |
Always check the specific fees charged by your chosen payment service provider for withdrawals, as these can add up.
Education, Research & Analysis
FXCC offers a foundational set of educational resources aimed primarily at beginners, including an eBook, glossary, and basic articles on forex trading concepts. While these materials cover essential topics, the overall educational suite is somewhat limited compared to brokers with more extensive video tutorials or webinars. The broker does provide daily technical and market analysis, which can be valuable for active traders seeking market insights.
The educational content is suitable for new traders learning the basics, but experienced traders will find more value in the daily market analysis tools.
Frequently Asked Questions
Is FXCC a regulated broker and is it safe to trade with them?
FXCC operates under dual regulation; its primary entity, Central Clearing Ltd, is regulated by MISA, while FX Central Clearing Ltd is authorized by CySEC. Client funds are segregated, and negative balance protection is provided, offering a degree of safety for traders.
What is the minimum deposit required to open an FXCC ECN XL account?
FXCC states there is no minimum deposit required to open an ECN XL account. However, a $100 deposit is recommended to begin active trading effectively.
What are the typical spreads and commissions on the FXCC ECN XL account?
The FXCC ECN XL account offers highly competitive spreads starting from 0.0 pips. Additionally, there is no commission charged on forex trades, making it an attractive option for cost-conscious traders.
What is the maximum leverage offered by FXCC for trading?
FXCC provides maximum leverage of up to 1:1000 for its global clients. For clients under EU regulation, the maximum leverage is limited to 1:30, aligning with ESMA restrictions.
Which trading platforms does FXCC provide for its clients?
FXCC offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These are available across multiple devices, including PC, Mac, iOS, Android, and through Webtrader versions.
How long do withdrawals take and what are the fees for FXCC?
Withdrawal processing times vary by method, typically ranging from instant for e-wallets to 1-5 business days for bank wire transfers. While FXCC does not charge withdrawal fees directly, payment service providers may apply their own fees, such as $45 for bank transfers or up to 3% for credit/debit cards.
Does FXCC offer a demo account for practice trading?
Yes, FXCC provides a demo account. This allows traders to practice their strategies and familiarize themselves with the platforms and market conditions in a risk-free environment before committing real capital.
Can I open an Islamic (swap-free) account with FXCC?
Yes, FXCC offers Islamic accounts, which are swap-free. These accounts are designed to comply with Sharia law, ensuring no overnight interest charges are applied to positions held open.
What Real Traders Say About FXCC
All reviews are verified trades
💬 No reviews yet, be the first to share your experience.
