FXCC – ECN Forex Broker Review

FXCC is a regulated ECN Forex dealer offering a wide range of forex trading technologies and services. FXCC’s ECN/STP business model allows FXCC clients access to transparent real-time pricing. FXCC is committed to building a unique Forex Trading environment with sophisticated STP (Straight Through Processing) liquidity, execution and trading functionality. FXCC’s Non-dealing desk forex model allows its client orders to be executed automatically and instantaneously through FXCC’s Market network of liquidity providers.

FXCC’s ECN forex model makes it easy for forex market participants at all levels to trade comfortably. FXCC provides professionals and active forex traders, hedge fund managers, institutional clients and banks access to real time price streaming and competitive quotes directly from leading multibank liquidity providers.

FXCC – ECN Details

Standard Account Advanced Account
Max. Leverage 1:300 1:200
Min. Deposit $1,000 $50,000
Margin 0.33% 0.5%
Margin Calls/Stop Out Levels 100%/50%
Spreads Majors: 0.7 – Crosses 1.0 (Pip Per Side) All Pairs 0.4 (Pip Per Side)
Instruments 30 Forex Currency Pairs, CFD’s, Metals
Min. Trade Size 0.05 Lot 0.1 Lot
Base Account Currency USD, EUR, GBP
Platforms MT4 ECN
Islamic/Swap Free No
Deposit Methods Credit Cards, Moneybookers, Neteller, Bank WIRE, Webmoney

About the Company – FXCC

FXCC

FXCC

FXCC or Forex Central Clearing was founded in 2010 based on the ECN Forex model. Whilst relatively new to the forex markets, FXCC does have the right foundations to build a reputable forex business. For starters, FXCC is authorized and licensed by CySec, MiFID and the FSA UK (549790). FXCC is based in Cyprus.

FXCC aims to improve upon its latency and speed of execution, thus making it an ideal ECN forex broker to trade the live markets in real time. Scalping with FXCC should be relatively easy.

FXCC Pricing & Spreads

An ECN forex broker having multiple liquidity providers is more advantageous as it sets out the path for displaying the best price quotes and thus competitive spreads, FXCC’s liquidity providers are backed by some of the world’s largest banks and financial institutions, making it easier to offer competitive spreads, even during volatile markets and news releases.

Forex Central Clearing’s Price Aggregator instantly scans all the Bid/Ask prices entering into the FXCC ECN network and displays the best price combinations on offer from FXCC’s multiple liquidity providers.

FXCC provides its traders with direct access to a liquid Forex ECN model where in FXCC clients can obtain the same access to the same liquid markets and trades are executed instantaneously without any delay or re-quotes.

FXCC Trading Tools

Forex Central Clearing presently offers two additional services free of cost to its clients subject to fullfilling certain criteria.

FXCC VPS Hosting comes with a 512MB RAM, 500GB bandwidth, 5GB disk space, a dedicated IP address with remote access. FXCC VPS hosting comes pre-installed with the MT4 trading platform. In order to qualify for the free VPS hosting, FXCC clients need to maintain a net balance of $5000 or the equivalent value.

FXCC MYFX is a powerful trading tool that allows traders to monitor their trades in real time as well as providing insights into the trades besides live market alerts and trend indicators. The MyFX console is offered free of cost to FXCC clients with a minimum net balance of $5000 or the equivalent value.

FXCC Overall Review

Whilst relatively new to the forex markets, FXCC has a strong backing largely to the strong regulation and licensing. This makes FXCC ideal for traders in the UK and Europe being assured that the funds are safe and the trading is transparent. Unlike other established forex brokers, FXCC lacks in offering value added benefits besides the VPS hosting and MyFX console. However, this should not be a deterrent especially if you are looking to trade the ECN model.

FXCC forex broker offers over 42 currency pairs to trade, which is significantly a bigger choice when compared to other ECN forex brokers. FXCC spreads can tend to go on the higher side especially when trading on exotics. FXCC’s variable spreads starts at 0.1 pip.

FXCC – Download Documents

Below are a collection of important documents if you choose to trade forex with FXCC. Note that all documents are in PDF format. Click here to download Adobe Acrobat PDF Reader.

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2 Responses
  1. Wong

    Sep 09. 2013

    Hi.
    Is this email sent to ecnforex or fxcc?
    My question is ..if a trade is made active and trade passes my stop loss and fail to close my trade,the brokers did not admit their program is faulty, hence denied to refund you.
    What can ecnforex do to help clients resolve this incident?

    Wong

    • ecnforex

      Sep 09. 2013

      Hello Wong,

      In such a scenario, we strive to arbitrage on behalf of the trader, provided they are listed under us as an introduced trader. If there is verifiable proof from such a trader, we will definitely ensure that we act on behalf of the best interest of the trader in question and strive to reach an amicable solution.

      Hope this helps.

      Jessica,
      Support – ECNForex.co.uk