I was looking for a reliable broker with low floating spreads. At some point, I was about to give up this idea and shift to a broker with fixed spreads, but fortunately, I came across this broker that met my expectations.
Its spreads are perfect. I have never seen lower floating spreads on major currency pairs - the assets I usually trade. The execution is good too.
I know from experience that any company that provides some services always describes them as better than they really are. That's what I thought about FXCC when I saw information about trading conditions and services on broker's official website.
As it turned out, all conditions and services work almost as described. Of course, I had little difficulty, but broker's representatives helped me to deal with them.
This company has the extraordinary background in financial services. Since the 2010 it has provided customers with great brokerage. I have specific respect for the forex brokers with such a history. Because the forex industry in general is a sphere of temptation to work unfaithfully. We as a community should give more credits to such brokers. Decent trading conditions are a pleasant supplement to an awesome reputation.
Earlier I traded major currency pairs, but recently I became greatly interested in crosses. The more I learned about them the more they became interesting for me. However, I didn't want to give up trading majors. I proceeded trading'em with other brokers, but also signed up here to trade crosses only.
I like that the broker offers the same leverage for majors and crosses.
My main interest with this broker was the trading conditions for minor currency pairs. For me, it's crucial that it's possible to trade minors with the same leverage size as major currency pairs. Some brokers provide smaller leverage for minors that make trading them less profitable as trading majors. This broker allows to trade all currency pairs without exception with 1:500.
So, I signed up and trade my favorite crosses here with the Australian and New Zealand dollars included. The technical side of trading here suits me. I mean I like the execution and the withdrawal procedure.
I have no other options of remote job and I chose forex trading. In fact, I was scared to be full-time freelancer but I decided to learn anyway. I was choosing a broker quite a time and chose FXCC because ratings and reviews are mostly 4,5+. Traders inspired by trading conditions, but i want test it myself. After couple of months all goes smoothly. Will see how it will be further...
I personally have a very good and decent opinion about FXCC broker. I have been cooperating with them not so long, but I am already confident that they are not cheaters. I started with a small deposit, and I have already increased the rates several times. I like FXCC because it provides transparent trading conditions for me and I don't have to worry about money disappearing all of a sudden. My broker has also good technical knowledge, perfect order execution, spreads are not too tight, in general I am satisfied with all aspects.
Excellent customer support. The importance of customer support cannot be over-stressed. I love especially their prompt and speedy response. They also are competent in their answers. They are good like that.
I have been trading with FXCC for almost a year and haven't faced any issues. Conditions are suitable, products' range is wide and support team is friendly and willing to help. I like trading platform has a version for tablets. Sometimes it is a bit slow if compare to desktop version, but I guess it is due to internet connection, because platform is optimized well for portable devices.
Yesterday I tried to make a withdrawal to my crypto wallet and ran into troubles. Their withdrawal policy states "Withdrawal requests will be sent the same way the funds were received and up to the initial deposited amounts. Profits will be withdrawn using Bank Wire Transfer or a crypto wallet." I have funded my account from a crypto wallet ($10K) and a bank card ($10K). Based on the above withdrawal policy, I should be able to withdraw $10K to my crypto wallet and $10K to my card, then further withdrawals can be sent to either. I attempted to withdraw $10K to my crypto wallet as I needed the crypto funds urgently, and was told "as per our withdrawal policy all refunds must go to your card first, then to other methods." When I contacted costumer service and the financial team and told them this is not what their withdrawal policy states I was ignored and only told to confirm the withdrawal to my card. This is an obvious breach of their own displayed withdrawal policy and given they're lying about that, I no longer trust this broker about any thing and will be moving my funds elsewhere ASAP. I would suggest you avoid this broker!
FXCC seems to be a comparatively strong broker with comprehensively developed trading conditions. There is something to develop but these are trifles.
Trading is a new experience for me, I'm still trying to wrap my head around it. I decided to choose a broker with a relatively small initial deposit, to understand if I will be good at trading at minor expenses. FXCC was a good choice for me. It has pretty much everything I need as a beginner: diversity of trading assets, enough leverage to trade with limited budget, good orders execution for a zero minimum deposit requirement. Nice starting point. Let's see if it goes well.
In fact, there are not a very large number of real ECN brokers who would offer decent trading conditions.
I think FXCC is one of those brokers. I used to trade with another broker, but their spreads and commissions ate more than 20% of my earnings. Here I have a totally different situation - I practically do not notice any spreads or commissions...
There is also one more detail that is very important to me. I don't know what the broker says about withdrawal, I haven't even checked it... But every time I order it, the money comes to me within 2 hours.
Having studied the broker, I can highlight the following advantages of the broker: there are licenses and registration from different organizations; well-written user agreement; there are accounts with really interesting conditions, zero swaps; good selection of assets.
MetaTrader 4 is used for trading. The platform is installed on a computer, mobile phone or tablet, you can download it from site for free. There is also a multi-terminal MetaTrader4, which allows you to work with several accounts at the same time. Judging by the reviews, many users like this platform, it is universal, it makes it possible to conclude CFD transactions.
I had an experience with different brokers but they were kind of dubious ones. The main thing I always cared about is security. I need my funds to be safe.
There is no problem with regulation at FXCC. Broker is regulated by CySEC and that means something.
And one more thing that I find useful is numerous ways of deposit/withdrawal. Bank cards, bank wire transfer and a lot of alternative payment methods are available. That means you can always operate your money.
FXCC pricing model is quite good. If somebody hesitates, I advise you to monitor the live quotes feature on the website, there are really 0.0 spreads on some instruments. And if it's not enough, try the fxcc demo and look at the spreads with your own eyes.
My motivation to join this broker was a strong desire to test one trading strategy. I have nearly completed my test and can say that a number of improvements need to be made. Meanwhile, I decided to stay here because I liked the broker a lot!
It's hard to pass by it because I appreciate brokers who don't charge fees. Here's it's backed by good spreads. Secondly, it's good that it's all turned out real, not just promised.
Very knowledgeable website of Fxcc. It gives a lot of information about different economic factors.
For instance I didn't know about the impact interest rates have on the price movements of currencies.
I'm currently making my first steps in scalping with this broker. Earlier I traded stocks only and you understand these assets are traded in the long term. I traded stocks for more than three years. Then, I read several articles about scalping, it interested me and I decided to try that. Now I scalp with this broker. I can't say that everything flows smoothly and I realize that I need to improve a lot of things, but I work on it hard.
I registered with this broker because it's commission-free and offers good spreads. The rest is quite standard - Metatrader 4 and a typical choice of assets.
Answer: I've been trading with this broker for few years now. That's why I may have missed some information about beginner bonuses. So it's better to ask about bonuses from support department on official website. By the way, they answer very quickly. So you'll get answer right away. As for broker's advantages, you can also ask about them. But in my opinion, they are obvious. Just look at trading conditions, which are listed on website and immediately understand everything. Another great plus would be trading platform. It works great and has mobile version. So you can trade not only from your computer or laptop. In general, look for information on company website.
Answer: If you open a trading account with the fxcc broker, your leverage will be up to 1:500. I can say that this is a big leverage, which very rarely brokers with such serious regulation as fxcc broker are willing to offer to traders. Usually following the wishes of regulators brokers try to impose restrictions on leverage for traders. Very often you can find such sizes of leverage as 1:20,1:30 for accounts suitable to novice traders, here the leverage of 1:500. If you've tried out your trading strategy on a demo account, you will find it easy to raise your capital with the help of such leverage. So in my opinion this broker is a very good place to start trading. Moreover, you can not start trading with the largest leverage, and choose a suitable option for yourself.
Answer: As far as I know the entire information on this matter is provided by the broker on its website. Perhaps, it's placed in "deposit methods" section, but, if you have asked this question, then I will help you. Bank/wire transfer is the longest way to withdraw money, because it has to pass through several procedures before they get into your account. The broker sends the request to acquirer bank, then after getting this request this bank start the procedure of processing the transaction, sends the request to the issuing bank, and only then you will be able to receive your funds in case there will be no mistakes during processing. It may take up to 7 business days, because banks, obviously, don't process transactions on weekends. I'd advise you to pay attention to some other payment methods, they are substantially faster.
Answer: Yep, i'm withdrawing ever week from fxcc, always on friday. Can't trade FX on weekends anyway, and it just feesl much safer that way. Withdrawing 90% of the profit, leaving 10% to let the acc grow. Recomend doing the same thing too.
Answer: It's not an FXCC thing that spreads may be a bit wide during volatily, it affects the whole market. When the news are released, or the instruments liquidity is extremely high, of course there would be spreads, it like asking why the ground is wet after a rain Anyways the spreads are not that wide, or you can just wait out the volatily and trade some other time..
Answer: I do not really think that the broker offers that many of them. You have access to all of the necessary tools though... the indicators, VPS, live quotes... a good number of tools, but nothing too extra.
Answer: I have been trading here for about 1.5 years. This is the second broker in my life. And apparently I like everything here because I see no reason to look for a new more profitable company. Yes, the reason why I opened trading account here is that here were more favorable trading conditions than at previous broker Therefore, when I opened trading account here, I already had some trading experience. But here I have significantly improved quality of my trading. And now I am confident trader.
Answer: No, man, I don't think so. To be eligible for the bonus you just have to make a deposit and that's it. You are able to receive 100% bonus for the first deposit up to $2000. There are no specific ts and cs to meet, because this broker has a stake in helping traders grow their deposits if they enter with humble sums. It's just a cool, user-friendly move from the company, so there is nothing complicated in this process. Use it, and then share your feedback, good luck!
Answer: Well, I would say it depends on your level of experience. I would say they are more useful for beginners but less for experienced traders. But the good thing is that high-quality market insights and analyses are available on the platform suitable for any level of experience.
FXCC has a rating of 2.6 stars from 75 reviews, indicating that most customers are generally dissatisfied with their purchases. FXCC ranks 21st among Brokerage sites.