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Company Name: FX Central Clearing Ltd.
Head Office Address: Amorosa Centre, 2nd floor, 2 Samou Street, 4043 Yermasoyia, Limassol, Cyprus
Telephone: +357 25 870750, +357 25 025001
Customer Support: Live Chat, Email, Telephone
Website Languages: English, Chinese, Russian
Maximum Leverage: 1:300
Minimum Deposit: $100
Broker Catagory: Non-Dealing Desk, ECN
Swap free accounts: Available
Demo Account: Unlimited time period
1. FCA (UK)
1. ECN XL
2. ECN STND
3. ECN Advance
1. MetaTrader 4
2. MT4 Mobile
3. MT4 Multi Terminal
4. Multi Account Manager
Best Forex Trading Account 2017 (UK Forex Awards)
1. Daily Technical Analysis
2. Forex Economic Calendar
3. Live Forex News
4. Current Trading Positions Tool
5. Currencies Forecast Poll
6. Market Hours Table
7. Interest Rates
9. SMS Alerts
10. Forex Calculators
Deposit Methods and Withdrawal Methods:
|#||Deposit Methods||Withdrawal Methods|
|2||Bank Wire||Bank Wire|
|6||Union Pay||Rapid Transfer|
FXCC Detail Review
FXCC is a prominent name in Forex Trading, across the world and it is mostly famous among the Forex Traders in the UK and the European Union. Owned by the FX Central Clearing Ltd., the FXCC Forex Broker institute, which started in the year 2010 is stationed at Limassol, Cyprus. FXCC broker company falls under the category of Non-Dealing Desk forex brokers. (Go to the following link to read about the differences, advantages and disadvantages of Dealing Desk and Non-Dealing Desk brokers). They have been able to utilize the state of the art technology since the beginning and also have introduced the ECN/STP technology for the Forex Traders.
FXCC ECN Module
The latest technology that is used by Forex Brokers, the ECN technology, is being given by the FXCC Brokers to their traders. FXCC company is among the few brokers in the world that offers the ECN technology. The main advantage of the ECN technology is that FXCC broker guarantees the order privacy. This means that the broker cannot change our orders at will. Non-dealing desk or Market Maker Brokers can do changes to the orders as they wish. They even can change the market as well. But if you are doing transactions with ECN Brokers, your trade is safe! (Click here to read the full article about the Advantages of ECN Forex Brokers)
You already know that the prices of the Forex market depend on the Inter Bank Transactions. The client order prices filled by the ECN Brokers are identical to that of the Inter-bank market. The ECN system acts as a bridge between the Retail Trader and the liquidity provider who fills the orders of the Retail Trader. Banks, Hedge funds or other Major Brokers are chosen as Liquidity Providers. These Liquidity providers assign different prices for the orders at the same time, and the ECN system selects the liquidity provider with the lowest spread according to the situation.
The FXCC company has configured a few ECNs for institutional investors and they have also configured ECNs for retail traders. By doing this, they have dispersed the traffic in the server which avoids slowing down of the platform.
FXCC Account Types
FXCC Offer three different account types as below.
ECN Standard Account
Minimum Deposit: $100
Maximum Leverage: 1:300
ECN XL Account
Minimum Deposit: $200
Maximum Leverage: 1:200
Spread: From 0.1pips
ECN Advance Account
Minimum Deposit: $100,000
The Financial Conduct Authority is a non-governmental independent institute which regulates the Financial services industry in the UK. A company, registered under this institute, is able to provide services to the entire European Union. You can check the membership of the FXCC company in the FCA institute from the following link. (we recommend you to read our full article on the operation of the FCA)
FXCC is registered under the Cyprus Securities and Exchange Commission (CySEC)
The minimum Financial Regulation that the countries in the European Union have to obey is the Markets in Financial Instruments Directive (MiFID). An institute in a particular country which obeys this rule can extend their services to all the other countries in the European Union.
The FXCC company has the membership of the Investor Compensation Fund (ICF). Financial Institutes that receive this membership secure the funds of the clients. This institute involves in situations where the clients cannot refund their funds from the broker company.
How to open an FXCC Demo Account
It is very convenient to open an FXCC Demo account. It only requires a single step. No lengthy forms to fill at all.
- Visit the website Fxcc.com2. Fill your name, email address, country, and your contact number. Make sure you provide correct information because if you require to open a Live Account later, it will be difficult to change these details. If you require to change, you will have to make a request from an e-mail.
And there you go! We have opened up a Demo Account in no time.
How to open an FXCC Live Account
1. Visit the website Fxcc.com
2. Choose the Account type as Live.
Fill in your name, email address, country, and contact number. Again, provide them with correct details because you require to upload documents to prove your identity and address. Therefore, make sure you fill in the information exactly as it is in the documents. It is difficult to change these details once submitted as you need to make a request from an email.
Choose a suitable Leverage for you. You can change this whenever you wish. Select ‘Open Account Now’
3. FXCC Forex Broker does not accept USA Citizens. If you are a USA Citizen please read our USA Forex Brokers page
Select ‘No’ and click ‘OK’
In the form that follows, fill in all your details and submit the form. You can submit your documents next.
Then you will get a verification email to your Email account.
4. The verification email will direct you to create a password. Once created, submit it.
5. Next you will come across some Appropriateness assignment questions to check your knowledge. Answer them correctly and you are granted full access to the account.
6. Congratulation now you are an owner of FXCC Forex Trading account. You can create Live accounts or Demo accounts as you wish.
We hope you got a complete knowledge about FXCC Forex Broker. If you have any questions, the comment section is open for you. Like our Facebook page to never miss out on any of the articles posted in the future. We wish you the best of luck, and may you have the strength to be a successful Forex Trader!