FXCC Forex Broker

FXCC has its headquarter at 16, Spyrou Kyprianou Eve, Office 201, 3070 Limassol in Cyprus and was established in the year 2010. It started its internet based online trading service also the same year. The company is well regulated by CySEC in Cyprus and by FSA in United Kingdom. The various payment options offered by the company to its clients are Bank Wire, Credit Card, MoneyBookers (Skrill), neteller and UnionPay. With so many payment options in hand the deposit and withdrawal of the fund becomes easy and hassle free affair. The forex signals and social trading is supported by Zulu Trade. They allow hedging and hence there is zero margin on any hedged position. They are ECN/STP trade broker. The slippage which is the difference between the price at which a trade is placed and the price at which the broker executes the trade is very less in case of FXCC. Lesser is the slippage better is the results of the trade. Their slippage data is sampled and validated by Zulu Trade.

They offer demo account free of cost to their clients and the trading platform offered is Meta Trader4, FXCC iTrader and Currenex. The same trading platform is offered to the client once they start real trading with the company. They offer different types of accounts which include FXCC Mini Account to open which the minimum deposit required is $500 and the minimum position size is 0.1 lots. The maximum leverage offered for this account is 1:200. FXCC Standard account can be opened at a minimum deposit of $5000 and the minimum position size here also is 0.1 lots. The leverage offered for trading instruments under this account is 1:200. The Swissquote Advanced account can be opened for a minimum deposit of $50,000 for a position size of 0.1 lot and leverage of 1:100.

The reviews have always been a great source of information about a company’s performance the quality of service offered. The FXCC broker have been reviewed well by its users and most of them are positive. The clients mostly like their trading platform which helps in fast and successful execution of trade. Also, they are liked because the company is well regulated both in Cyprus and United Kingdom. Their delaing desk is ECN or STP which is also liked by many traders. They offer different kinds of accounts which include FXCC minim account for which the minimum deposit required is $500 is liked by many. Some of the cons mentioned in the reviews are that they have very less payment options and that it does not include PayPal as one of the modes. The leverage offered is also very less that is 1:200 and is a concern for many. The spreads are variable and not very tight. Slippage is also an issue for many traders which affect their profit margin. However, the overall review is good and the average rating given to the company by its users stands at 3.1 out of 5.

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