FXCess
Questions & Answers

Ho-ho, what we have here, a foxy guy that wants to know the strategy that can be used right away: XDDD The more you collect, the more material is to sort out the best, am I right? :)) ) Anyway, in the context of this broker, as for now, the best strategy that worked for me is 5min scalping on forex majors that can be done automatically, by creating trading bots in MT4. Fxcees has favourable conditions for such setup: ECN acc with zero spreads and fast execution, as well as MT4 full version. How it’s done, you create a robot that based on the data you provide him, basically code into will trade on your behalf. Or another option, is simply purchasing one from Metaquotes website. So, how the strategy itself works- very easy. In the first hour of the London session, you need to find out the current market structure(bullish or bearish). After waiting, of any liquidity sweep or for not enlightened S&R levels and enter once the market structure changes. It’s a high frequency. Many attempts will lead to the overall good win rate.

Are the ECN spreads always fixed at zero regardless of market conditions? While the idea of zero spreads sounds great, I know some platforms have hidden fees or conditions that apply during high volatility. It would be helpful to know if these spreads stay consistent even during major news events or sudden market shifts. I'd love some clarity on how stable the spread really is.

Yep, the ECN one. They have classic (0 commission, max 1:1000 leverage, can be swaps, but not necessarily) and ECN (0 spread, always swaps, 1:500 leverage). Simple. So if you want faster execution and trade shorter timeframes, like M1-M5, mb M15, ECN is 100% the way to go. They also used to have cent accounts at Fxcess, unfortunatley now they removed it, idk why. But geenrally questions like these are best for their support. Stuff might change.

Their bonuses are not a prank😁 They do provide bonuses to their traders. But in order to get them, you'd better carefully study rules that Fxcess has for its clients. Don't worry, these are simple rules😉 and you can easily follow each of them. In general, I recommend you carefully read everything that is written about these bonuses on their official website. As far as I remember, everything related to this topic was described in detail there👍

Well, bro, this is a tricky question, withdrawal process`s not always depended on the broker, but rather on the bank. From my experience with them, the process was fast(I withdrew through the credit card), it took me a few hours to complete it, though I don`t know how it would be in your case.

Huh, it depends on what assets you trade and on your trading level. If I am not mistaken, fxcess provides both standard floating and ecn accounts. The first type doesn`t require any commission, broker just charges you the asset`s spreads that suits, if you trade high volume and low volatile assets, such as forex majors and some metals. As for second one, you require to pay broker's commission that is fortunately fixed, meaning you pay per order, regardless how volatile the market, the amount is always the same. So, you decide what fits you best

Hmm, maybe I misunderstood your question, but nevertheless I know what to offer you. PMAM account management system is most likely what you are looking for. I know that experienced traders use this service here to manage their clients' accounts. Or rather, those traders who have entrusted their trading to such pro trader. This broker also has affiliate program, but I don't think that's what you're interested in. Most likely, PMAM is realy what you are looking for.