The services of an online broker are a must for anyone who wants to trade in the financial markets. This part is easy to comprehend but is certainly not without challenge. The number of companies that have popped up over the years is substantial, which means that you have to navigate through thousands of options to find a suitable platform. This would undoubtedly take up a lot of time and you can simplify it by taking a look at the following FXCC review. Founded in 2010, FXCC, also known as FX Central Clearing, was launched in 2010 and is providing its services to global traders.
You will come across FXCC when you begin looking for a broker and it is undoubtedly going to catch your eye because of its combination of offerings. Headquartered in Cyprus, FXCC is providing its services to people who wish to trade forex currency pairs, cryptocurrencies, metals, and indices via advanced technology. An important thing you should know about the brokerage is that it is based on STP/ECN trading solutions. You will also discover that the company has received numerous awards over the years because of its services. What can you expect from FXCC in terms of its offerings? Let’s find out:
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The first question you should ask about any brokerage is regarding their regulation and you will be pleased to discover that FXCC is a fully regulated brokerage. Since its headquarters are located in Cyprus, it falls under the regulation of the Cyprus Securities and Exchange Commission (CySEC), which is one of the most reputable regulatory authorities in the world. As it is authorized by an EU member state, it means that FXCC is also automatically operating under the Markets in Financial Instruments Directive (MiFID) and can also offer its services in other European countries.
Moreover, regulation by CySEC means that FXCC is also a member of the Investor Compensation Fund, which means that you will be compensated in case the broker files for bankruptcy. Other than Cyprus, the brokerage also has its offices in Vanuatu, but this is an offshore zone that doesn’t have strict regulations for financial service companies.
One of the most important things you need to know about a brokerage is their trading platform because most of your time is spent using this feature, which means your experience depends on it. The good thing about FXCC is that it offers you the MetaTrader4 platform, which is well-known in the financial markets. You can find the platform for all operating systems and it is fully compatible with Expert Advisors (EAs). The platform also offers hedging and advanced charting tools, analytical objects, and technical indicators.
You will have the option of downloading the MT4 on your PC, or FXCC also offers you the mobile app of the MT4 platform if you prefer to trade on the move. An extensive range of tools has also been added to assist traders in making well-informed decisions to maximize profits.
You will find three ECN accounts available at FXCC that are categorized according to the trading experience, size, and particular demands. There are some accounts that offer you extra benefits, including no commissions or markups and zero swaps. The account will also give you access to multiple currencies, including EUR, GBP, and USD and it also offers tight spreads that start from 0.01 pips. Likewise, you will be able to trade more than 30 currencies, along with a variety of free tools, such as Technical Analysis, EAs, SMS Notifications, and VPS.
Deposits and Withdrawals
There is a range of payment methods available at FXCC that can be used for both deposits and withdrawals. You can choose from ban wire transfers, card payments including VISA and MasterCard, and also modern payment solutions like Skrill, Neteller, SOfort, Rapid and more.
All of these offerings indicate that FXCC knows what it is doing and can offer you quality trading services.
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