FXCC Overall rating

We tested FXCC using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

FXCC, founded in 2010, is a well-established broker in the forex industry. It is regulated by Cyprus CySEC and Comoros MISA, offering a degree of reliability and security for its clients. The broker has not received any user reviews or ratings, indicating either a smaller user base or less engagement from its clients.

FXCC ranks 178th out of 815 forex brokers based on user ratings and 73rd based on our expert's rating. The broker enjoys a moderate popularity rating of 3.5 out of 5, with 74,384 organic monthly visits according to similarweb.com, placing it 148th in terms of web traffic among forex brokers.

Keep in mind that in the past even highly regulated and successful financial firms have failed.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
FX Central Clearing Ltd	Cyprus - CY CYSEC		up to €20,000			30 : 1
Central Clearing Ltd (KM)	Comoros - ML MISA					500 : 1

Deposit Insurance

FXCC provides investor compensation schemes under its regulatory frameworks. With CySEC regulation, client funds are segregated, ensuring they are kept separate from the company's operating capital. This regulation also supports a deposit compensation scheme, which compensates investors if the financial firm fails.

However, under Comoros MISA regulation, there is no deposit compensation scheme, although client funds are still segregated and negative balance protection is provided.

Spreads and Costs

FXCC offers competitive average spreads across various asset classes. The forex average spread is 1.06, which is relatively low and competitive compared to some market-leading brokers.

The spreads on commodities are also very favorable at an average of 0.09, but the average spreads for cryptocurrencies are on the higher side at 35.46.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD) and that data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Swap Rates/Financing Fees

Swap fees, also known as overnight financing fees, are charged when a position is held overnight. Positive swap rates result in a payout, whereas negative swap rates incur a cost.

FXCC does not provide specific swap rates, making it difficult to assess its competitiveness directly compared to industry-leading brokers.

Does FXCC Offer Islamic/Swap-free Accounts?

Islamic accounts, also known as swap-free accounts, are designed for traders who cannot earn or pay interest due to religious reasons. FXCC offers swap-free accounts compliant with Islamic principles.

These accounts do not incur swap or rollover charges on overnight positions, which is particularly beneficial for traders following Islamic principles. To open an Islamic account with FXCC, traders may need to provide proof of their faith, and these accounts are generally available upon request.

Other Fees

Besides spreads, commissions, and swap rates, FXCC may charge additional fees. It's important to consider these fees as they can impact overall trading costs:

Comparison to other Brokers

FXCC is a well-established broker regulated by Cyprus CySEC and Comoros MISA. Compared to other brokers like IC Markets, Exness, and Vantage Markets, FXCC offers competitive forex and commodity spreads but higher spreads for cryptocurrencies.

The lack of user reviews might be a concern for some traders, but its regulatory status and popularity rating of 3.5 out of 5 indicate a reliable option. FXCC's leverage of up to 500:1 under Comoros MISA regulation is higher than what many brokers offer, providing an opportunity for more aggressive trading strategies.

However, FXCC does not provide its financials publicly, which might be a drawback for transparency-conscious traders.

Trading Platforms - Mobile, Desktop, Automated

FXCC offers the MetaTrader 4 (MT4) platform for desktop, mobile, and web. MT4 is renowned for its robust features, including advanced charting tools, a wide range of technical indicators, and support for automated trading through Expert Advisors (EAs).

The platform's programming language, MQL4, is user-friendly and widely supported, making it accessible for traders who wish to implement automated trading strategies.

What Can you Trade?

FXCC offers a range of tradable instruments primarily in CFDs, including over 70 forex pairs, 8 cryptocurrency pairs, 12 stock indices, and 7 commodities. Unlike trading real assets, CFDs allow traders to speculate on price movements without owning the underlying asset.

This can offer opportunities for leverage, but also comes with increased risk. To view the individual symbols available for trading, visit FXCC's website.

Available Leverage

FXCC offers different leverage levels depending on the regulatory framework and the type of account. Under Cyprus CySEC regulation, the maximum leverage for retail clients is 30:1, while under Comoros MISA regulation, it can go up to 500:1.

Higher leverage allows traders to control larger positions with a smaller amount of capital but also increases the potential risk.

Prohibited Countries

FXCC does not accept clients from certain countries due to regulatory restrictions. These countries include, but are not limited to, the United States, Canada, and several others.

It is essential to check FXCC's official website or contact their support team for the most updated list of prohibited countries.

FXCC Account types

	ECN XL
Maximum leverage	500:1
Mobile Platform	MT4 Mobile
Trading platform	MT4
Spread Type	Variable Spread
Minimum Deposit	0
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	ECN XL
Maximum leverage	500:1
Trading platform	MT4
Mobile platform	MT4 Mobile
Spread type	Variable Spread
Minimum deposit	0
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

FXCC Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

FXCC Profile