FXCC is a regulated Foreign Exchange Broker that offers a wide range of trading technologies and services. Our ECN/STP business model allows our clients to take advantage of transparent real-time pricing. All our clients have access to a unique Forex Trading environment that offers sophisticated STP (Straight Through Processing) liquidity, execution and trading functionality. Our Non-dealing desk model allows client orders to be executed automatically and instantaneously through our Market network of liquidity providers.
- Founded in: 2010
- Headquarters: Limassol, Cyprus
- Maximum leverage: 1:300
- Minimum deposit: $100
- Minimum deal size: 1,000
- Languages available: English, Arabic, Chinese, French, German, Italian, Portuguese, Spanish, Turkish
- Spreads: Variable, starting at 0.1 pip
- Regulation: CySec, FSA, MiFid, ICF
FXCC offers trading of 28 currency pairs for mini and standard accounts, which is significantly more than many other top Forex brokers offer, and an impressive 56 tradable pairs for advanced account holders. And, while spreads are likely to be higher on some of the broker’s more exotic pairs, the company claims to have variable spreads starting at 0.1 pip. Spreads can be seen directly in the platform as well as on the broker’s website in real time so there is no guesswork involved.
Free access to the MYFX platform is available for all traders who open a demo MT4 account, but interestingly, it is not currently available for live traders. The company expects this service to be available shortly, and we expect this to be an excellent addition to the company’s MT4 platform. Access to AutoChartist and a VPS service are is also available, though we did not test these services.
Other useful features include relatively low spreads on rollovers, as well as scalping, hedging and a commitment to no requotes. Islamic accounts are also available. We also found the downloadable user platform to be especially useful since we were unfamiliar with the Currenex platform when starting out.