The only issue I have with the broker is that MT4 is the only available platform. It is an excellent place to trade, but it would've been better with a bit of variety. Although, I still like trading on the platform because I think MT4 is a universal platform.
Three years passed until I started to understand smth in intraday trading. Here attention and patience rule and. Trading conditions. The latter I get here.
This broker does not use the Dealing-Desk intervention, nor tries to manipulate quotes and spreads. The MetaTrader4 terminal's traditional advantages also include MultiScreen and MAM extensions. Hedging, algorithmic trading, and scalping are allowed. Leverages can be chosen in a wide range, spreads are narrow, especially for liquid assets, while the margin requirements for CFDs on gold and silver are quite low, given the volatility of those instruments. There's also refer-a-friend and first deposit bonus.
Fxcc blog providing me with wonderful analytics on various markets and instruments. It always keep my mind full with fresh trading ideas that is implementing later in some ways or another ways.
Thanks to broker's services, I became more mobile. I discovered new ways to use MT4 terminal and installed app on my smartphone and tablet. Now I'm always and everywhere in control of situation!
When I switched to trading with the FXCC broker, I started realizing that my previous trading strategy was very restricted due to high commissions and wide spreads of the brokers that I used to deal with before. If you analyse your past performance constantly, you should note that the broker commissions take a big part of your spendings. On top of that, if you place trades more frequently, then the total amount of commissions grow as they are taken every time you open a position and everytime you close it. The FXCC's commission-free offer is much more attractive as it can help you adjust your trading strategy. You will not need to think about the fees everytime you open a trade, so you can take advantage of more market opportunities.
I have also noticed that unlike other companies, FXCC does not require me to place the stop-loss order at a certain distance from the entry price, while I am able to close my trades manually with no time limitations. I can also open trades in the opposite direction for the same asset simultaneously, and close them whenever I want. This all made me interested in a high-frequency trading approach. After some tests on a demo account, I found it more profitable.
My friend advised me to join this brokerage service. He told me that this broker offers really good trading conditions. What's more, there's something that allows this broker to stand out from other numerous companies that are so alike! Besides this, I learned a lot of interesting things about the broker from FXCC reviews. As for good trading conditions, I can say that the broker is known for its tight floating spreads. Some folks don't care about spreads but they really matter for me. It's because I often trade on M5-M15 timeframes where spreads are crucial because I don't have much time to hold a trade and respectively the tighter spreads the easier my trading is.
In addition to this, the broker offers to trade metals with 1:500 leverage. That's a very lucrative thing. You should realize it if you have ever tried trading metals. Most brokers provide smaller leverage on these assets because they are very volatile. So, it's a very unique opportunity to trade these liquid assets even more profitably.
The distinctive trait of this company is the presence of a strong educational center that is aimed at gradual skills development.
I've always thought of different ways to make money. Of course, not all people are capable of having a lot of money, but I am not like that. It's important for me.
This is probably why I decided to try the FXCC demo.
It was interesting for me to learn and get a feel for Forex trading. I knew it was difficult, but I also knew that it was a possibility. Good opportunities. You just need to learn to feel the market.
Perhaps someone might have a question, ""why did I choose an FXCC broker?"" Probably it will be clear if you learn about the trading conditions of this broker.
The FXCC broker has one account with good low spreads. Sometimes there is no spread or commission. It is amazing. Because many brokers have high spreads and this is not profitable for retail traders.
I think that FXCC broker has such favorable conditions because the founders of this company are traders. And who knows better what is best for traders? Only other traders. Therefore, there are also opportunities for scalping, hedging, high leverage of 1:500 and much more.
It is also important that this broker is regulated by CySec.
I used the service of this brokerage long enough to know evey detail that is normally you can't find on an official webpage. Since long ago I use ECN XL acount and there is no doubt that this is the only account that is really worth considering with this broker. Eveything was fine except executions until now. I can't say the executions were horrible, but from time to time you could face a slippage on your stop loss orders. I recently noticed that no matter what time of the day I trade, there is no slippage there. Looks like the broker has reformed it's infrastructure and did smth to make eecutions better, which I truly appreciate.
At the momnet I can say that the broker suits me 95%. I'm taking off 5% as I wish there was a chance to try trading with MT5.
Makes use of FXCC education materials. There is some books, articles on any forex topics. For the advance traders FXCC makes trader's blog with the lot of article in it.
For a long time, I was struggling to trade profitably. Of course, from time to time, I managed to close my trades with a good profit, but I lacked stability in my positive moneyflow. However, when you try to do something for a long while patiently and persistently, sooner or later you will do it. It's just a matter of time and persistence.
So, after a series of losing trends I stopped and pondered over it and it suddenly helped. I saw a broader picture of the market. I decided that I will get more systematic in my approach and make best use of all the opportunities that the market.
Since I decided to start from scratch with a new understanding of the market, I also wanted to choose a new broker as I relized one of the reasons to lose money was paying too much in commissions. FXCC became my new choice. Thier spreads are very tight and they don't charge anythig extra. FXCC reviews were nice, people seemed to be satified with their executions as well, so that's why this choice was made.
I like this broker not only because it's fairly reliable but also because it's associated with the beginning of my professional growth.
I trade with this broker for three years now. Trading conditions, very sweet and I continue to trade here
FXCC is OK with comission and other suchthing.
You can even fund your acount without any fee. That suits me!
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.