FXCC Review – Who is BCRCorp.Com.AU Broker?
FX Central Clearing Ltd (FXCC) is a reliable broker that offers its clients a chance to access a liquid Forex model (ECN).
They have a lot to present to potential traders, including good trading conditions, educational tools, and the use of the MetaTrader4 platform. Traders will also have access to competitive forex spreads and transparent pricing.
FXCC has an STP (Straight Through Processing) business model, where orders are sent to financial institutions directly. This eliminates the potential for conflicts of interest or price mark-ups, making this broker pretty reliable when it comes to trade execution. With this broker, all trades are executed immediately, with no delays or re-quotes.
While they have been around since 2010, they are still fairly new compared to others but still have over a decade of industry experience.
In this FXCC broker review, we will give you an in-depth explanation of how this reliable broker operates and why you should choose it on your path to financial freedom.
|Regulation||CySEC, VFSC, MiFID|
|Instruments||Forex, Metals, Energies, Indices|
|EUR/USD Spread||0.0 pips|
|Minimum Deposit||No minimum deposit|
|Base Currencies||USD, EUR, GBP|
Is FXCC Legit? Regulation and Security
FXCC is a regulated Cyprus-based broker that is following guidelines set by both CySEC, and VFSC.
They are authorized as a Cyprus Investment Firm (CIF) and regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 121/10. The broker is also registered in Vanuatu as an investment company.
As a regulated entity in the EU, FXCC follows the Markets in Financial Instruments Directive (MiFID) which oversees investment services across the European Economic Area.
Lastly, FXCC is a member of the Investor Compensation Fund (ICF) which insures clients in the event of insolvency. User funds are also segregated into separate bank accounts at leading international banks so your money is safe from scammers. ICF protects retail trades for up to €20,000.
In conclusion, FXCC has a clean regulatory track record and has established itself as a trustworthy broker who offers great security for your funds.
Deciding on a broker who hasn’t violated any terms and conditions will ensure your funds are always safe and you chose the right company to invest with.
Available Account Types at FXCC
Currently, they are only offering a single account type. This is ECN XL but that is more than enough as this account offers all the perks you may be looking for in order to start trading. This account ranks among the most competitive industry-wide and offers commission-free raw spreads of 0 pips with an average of 0.5 pips
They also offer a demo account so you can go ahead and try out their services before you sign up. This is a common practice with legit brokers as they are there to actually help you get started on your trading journey not to scam you out of your money.
FXCC Deposits and Withdrawals
FXCC has no minimum deposit requirement. This is fairly common with brokers who do not operate with the sole purpose to scam you. This also gives you the flexibility to start trading today, even if you don’t have much money saved up.
Deposit methods include card payments, bank wire transfers, Neteller, Skrill, Neosurf, SOfort, Rapid, Paysafecard, Neosurf, Yandex, Boleta, UnionPay, and much more. This is a huge plus and also a sign you are dealing with a legit broker. Many scams out there will rush you to deposit in crypto as these transactions are much harder to trace.
As for the FXCC withdrawal policy, the methods are the same as for deposits. In addition, the broker covers processing fees for both deposits and withdrawals, so you will be getting exactly what you made.
Of course, some payment providers can have other additional fees but this has nothing to do with the broker you are working with.
While browsing through the web, we concluded that there are not many companies out there that have no complaints about the broker made online as this one doesn’t. This is a huge plus as it will show you that you are choosing to invest your money in the right place.
We also found no mention of withdrawal issues or as a matter of fact any complaints which are so common if you are dealing with a broker who is no more than a scam.
Trading Platforms at FXCC
The trading platform that FXCC broker offers is an industry-standard MetaTrader4. This platform is available for all operating systems and provides traders with cutting-edge technology when it comes to trading. You can download it for Android, or Apple or just use it on your laptop, however, you prefer it.
MT4 has an extensive range of tools and various instruments that can be helpful in a daily trading process, including interest rates and a comprehensive list of the key base rates relating to all global central banks.
FXCC also offers an in-depth introduction to an MT4 platform that many brokers fail to give but is an important factor in setting traders up for success.
FXCC Offers Deposit Bonus
FXCC has some bonuses for its customers. It offers a 100% first deposit bonus with a $2,000 limit.
While you should always read the terms and conditions that likely apply, this sounds like a great offer for people who are looking to start trading. FXCC also occasionally introduces other bonuses and promotions, which have included a $50 FXCC no deposit bonus or annual interest on free margin.
Additionally, for clients who maintain a minimum balance of $2500 and trading volume above 30 standard lots monthly, the broker provides free VPS access. This service offers improved security, speed, and accessibility.
Educational resources are extremely important, especially to someone who is new to trading. This shows how important you are as a customer and how important is it to your broker for you to know exactly what you are getting yourself into.
Traders of any level and expertise can benefit from this material and learn even more about how the whole process works, what is ECN, what is spread, etc. Many of their materials go back to basics, including guides on how to read Forex charts and learn trading step by step. Various analyses let you know which way the market is headed, as far as the global trading economy goes.
There is also an additional forex e-book included under the FXCC “Education & Research ” tab that is really helpful. The amount of material will be more than enough even for someone who never heard of trading before.
Customer support is often an overlooked factor when it comes to choosing a broker you want to invest with. However, this is an extremely important topic, especially for new traders who many haven’t figured out everything yet.
FXCC offers 24-hour customer service that runs five days a week- Monday through Friday. These agents will be willing to help you no matter the issue you may be experiencing. Don’t hesitate to call or e-mail them in case you have trouble understanding or dealing with something.
Additionally, the FXCC website is available in 9 different languages so even if English isn’t your native language, you should not have a problem entering and understanding their website.
FXCC Overall Summary
In this FXCC review, we tried to give you an insight into how a reliable trustworthy broker operates. While sometimes it can be hard to differentiate if something is legit or scam, brokers that are this transparent are easy to be seen as a good investment path even if someone doesn’t have much experience.
The fact that this broker is regulated by both CySEC and VFSC should give you peace of mind as your funds are completely safe and secure.
This commission-free trading environment features competitive average spreads, the best trading platform, and optimal customer support for all your needs. There is no minimum deposit for trading with this broker and a maximum leverage of 1:500 for all non-EU traders.
Always think twice before taking any risks while investing money and choose reliable and transparent brokers like this one to ensure your funds are in good hands.
FAQs About FXCC Broker
Is FXCC a Regulated Broker?
Yes, FXCC is a regulated broker that is licensed in both Cyprus and Vanuatu, so you can be sure your money is safe.
What Is the Minimum Deposit at FXCC?
There is no minimum deposit required for you to start trading with this trustworthy broker.
Does FXCC Offer Demo Account?
Yes, FXCC does offer a demo account, so clients can try their services before signing up.
What Trading Accounts Are Available at FXCC?
Currently, there is only one account type, ECN XL, but that is more than enough as this account offers all the perks someone desires when it comes to trading.
What Are FXCC Fees?
The FXCC does not charge a deposit, withdrawal, or commission per trade fee.