FXCess
Questions & Answers

Well, there are two accnt types from Fxcess: classic and ECN. The fromer speaks for itelsef, comes with classic conditions :), the thing is that it spreads there are floating and on averge might be 1.6, but depends on the situaition of couse, sometimes if it is too volatile, the spreads widens, which is a normal situation for trading. As for leverage, here it will be x1000, which is huge. And I woild not recommend you to use it fully, now the markets are too unpredictable, too many ups and downs...

As for ECN, then the spreads start from 0, however there is a comission $4.5 per lot round-turn. U might say why so high fees, but think about that razer thin spreads, if you r right and the trade goes in your planned direction, the costs will be nothing... The leverage here is x500, which is again, sufficiently high.

ALso, notice that swap free feature is available only for classic accnt, take that into account.

Both account comes with dedicated account manager availalbe 24/5, that is a great customer support.

My opinion? Hm… i think it’s perfect! There are no marketing tricks. Just a simple but effective offer of two major account types that can fit pretty much all trading styles. You heve the Classis and the ECN account. The first is for wide range of strategies, the second is for strategies that needs thin spreads. I use the ECN account type and traders who prefer trading via ecn account would find this one very attractive because of the low commission. If you don’t know, the average commission in the industry for ecn accounts is around $7-7.5, while here it i $4.5 per lot round turn. The difference is huge