FXCess Questions & Answers

Amount of commissions depends on what type of account you want to open. If you will chose Classic account, then you will not have any commissions. Broker created commission-free conditions for this type of account. If you will chose ECN account, then you will have some commissions. Broker set commissions of $4.5 per lot round-turn. If explain it in simple words, then if you trade a 1.00 lot, your commission will be $4.5 And if you trade, for example, 0.01 lots, commission will be $0.04 As you can see, when trading the smallest lot, commission is only 4 cents.

Always and everywhere there are traders who don't have enough financial instruments. You probably know them. They trade a large number of orders on all possible financial instruments. But I belong to those traders who use only 2 - 3 financial instruments in trading. For me trading conditions are more valuable than a variety of assets. Although this broker has both and excellent. So, I trade only a few instruments and it allows me to analyze them in more detail and make more correct trading decisions.

Well, if your goal is to trade positionally then take ECN account. This way you won't spend a fortune on commissions per deal and at the same time you will have the tightest spreads possible. On the other hand Classic is a staple that is suitable for the majority of traders out there.

I don't really get value, but I enjoy =DD I mean... of course such articles as the one dedicated to risk maagement are super useful, but these are things I was studying long time ago and since then I had no issues with managing risks correctly. I have an established, time-proven risk/reward ratio, I know how to set stop losses and take profits, and blah, blah, blah... But for newcomers, this is definitely valuable, cheers!

Idk. If you have several trading strategies or a couple of accounts that you need to manage then probably yes. PMAM is not a heavily used thing at Fxcess i suppose. Although it can make your life a lot easier.

Ohh boy, fasten your seatbelts as with Fxcess you have an option to trade forex pairs, metals, indices, commodities, stocks and futures! Consider yourself a lucky man as with the broker every promising pattern in any different market can be caught. Moreover, with the broker it is not just about the range of assets, it is also about account types that offer very attractive trading conditions. You gotta check them out as soon as possible!

Well, what can I say? I think that this trading platform is one of the main tools in trading industry. Of course it has its advantages and disadvantages, but the most important thing is its credibility among traders. Some other platforms deserve the respect of traders. But MT platform is obviously one of the most reputable. I know some traders who, when choosing a broker to open trading account with, choose those companies that have MT as a platform.

As a current client of the broker - 7 out of 10 is my verdict. It doesn't mean the company is unreliable or something, it just can't boast really loud regulations. Still it doesn;t hinder the broker to stick to the rules imposed by its regulatory body, ensure comprehensive safety of customers funds and data and actually provide clients with the confidence in the future. This is the main thing in brokers, as I think, that is why I decided not to deduct a lot of points.

Depends on which account type you are talking about. Fxcess has two account options to choose from, the Classic and the ECN account type. The first one comes with a flexible leverage up to 1:1000, and the second one with 1:500. In both cases, this leverage ratio is quite generous. Trading with a large leverage is considered risky, and if you are not an experienced trader and are still in the process of improving your risk-management strategy, I would advise you to trade with a low leverage. I trade with a 1:200 ratio. Even this amount is considered relatively high by conservative traders but with the size of my account, which is not significant, with this leverage, I can build up my account and make decent profits.

It is basically a referring program. You refer a friend, he joins the FXCess broker, and they pay you a reward. Simple as that. However, the program has a quite good design and if you are into affiliate marketing can be a nice place to make extra bucks.