FXCC Markets Ltd Company Overview

Founding Date and Background

FXCC Markets Ltd, established in 2010, was founded by a group of experienced professionals in the foreign exchange market. The founders aimed to create a brokerage that met high standards of service, reflecting the quality they would expect as customers. The company has since developed into a reputable entity within the online trading industry, focusing on providing a transparent trading environment.

Parent Company/Ownership Structure

FXCC operates under the brand of FX Central Clearing Ltd, which is the parent company. FX Central Clearing Ltd is registered in Vanuatu and operates under various regulatory frameworks, ensuring compliance with international trading standards.

Headquarters Location

The headquarters of FXCC is located in Limassol, Cyprus. This strategic location allows the company to tap into the European market while adhering to regulatory requirements set forth by local authorities.

Global Business Scope

FXCC Markets Ltd serves a diverse clientele, accepting traders from various countries around the world, with the notable exception of the United States and Canada. Its services are tailored for both retail and institutional clients, providing access to a range of financial instruments across multiple markets.

Main Regulatory Bodies

FXCC is regulated by two primary authorities: the Cyprus Securities and Exchange Commission (CySEC) and the Mwali International Services Authority (MISA). These regulatory bodies oversee the company's operations, ensuring compliance with financial regulations and protecting client interests.

Back to Top

Company History and Development

Key Milestones

Since its inception in 2010, FXCC has marked several key milestones, including the launch of its ECN/STP trading model, which provides clients with direct access to liquidity providers without dealer intervention. This model has been pivotal in establishing the company's reputation for transparency and reliability.

Business Expansion Journey

FXCC has continuously expanded its service offerings and market reach. Initially focused on forex trading, the company has diversified its portfolio to include CFDs, commodities, indices, and cryptocurrencies, catering to a broader range of trading preferences.

Customer Base Growth

Over the years, FXCC has experienced significant growth in its customer base, attracting traders from various regions, particularly in Europe and Asia. The company's commitment to low-cost trading, competitive spreads, and innovative trading tools has contributed to this growth.

Platform Development History

FXCC primarily utilizes the MetaTrader 4 (MT4) platform, known for its user-friendly interface and advanced trading features. The company has invested in enhancing its platform capabilities, including mobile trading options and various analytical tools to support traders in their decision-making processes.

Important Awards or Recognitions Received

FXCC has received several accolades, including the "Best Forex Trading Account" at the UK Forex Awards in 2017. Such recognitions underscore the company's commitment to providing high-quality trading services and customer satisfaction.

Back to Top

Trading Services Offered

Forex Trading Options

FXCC offers a comprehensive selection of over 70 currency pairs, including major, minor, and exotic pairs. This variety allows traders to engage in forex trading tailored to their strategies and market insights.

Stock Trading Options

While FXCC primarily focuses on forex and CFDs, it also provides access to stock trading through its CFD offerings. This allows traders to speculate on the price movements of various stocks without owning the underlying assets.

CFD Trading Products

FXCC's CFD trading options include a wide range of instruments such as indices, commodities, and cryptocurrencies. This diversity enables traders to diversify their portfolios and hedge against market risks effectively.

Other Financial Instruments

FXCC also offers trading in popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, with leverage options available. Additionally, traders can participate in commodity trading, including precious metals like gold and silver, and energy products like crude oil.

Special Services or Unique Advantages

One of the standout features of FXCC is its ECN/STP trading model, which provides clients with direct market access and competitive pricing. The broker also offers a "zero account" (ECN XL), which features no commissions, zero deposit fees, and spreads starting from as low as 0.0 pips, making it an attractive option for cost-conscious traders.

Back to Top

Regulatory and Legal Background

Detailed Regulatory Information

FXCC is regulated by:

• Cyprus Securities and Exchange Commission (CySEC) - License number 121/10.
• Mwali International Services Authority (MISA) - License number BF x 202408.

These regulatory bodies ensure that FXCC adheres to strict financial standards and practices.

Legal Entity Structure by Region

FXCC operates under different legal entities based on the region. In Cyprus, it is registered as a Cyprus Investment Firm (CIF), while in Vanuatu, it operates as Central Clearing Ltd.

Client Fund Protection Measures

To protect client funds, FXCC maintains segregated accounts at reputable international banks. This ensures that client funds are kept separate from the company's operational funds, reducing the risk of loss.

Countries/Regions Served

FXCC serves clients globally, with the exception of residents from the United States and Canada. The broker is popular among traders in Europe, Asia, and Oceania.

Compliance History

FXCC has maintained a solid compliance history, consistently meeting regulatory requirements and ensuring transparency in its operations. The company is also a member of the Investor Compensation Fund (ICF) in Cyprus, which provides additional protection for client funds.

Back to Top

Competitive Landscape

3-5 Main Competitors

FXCC faces competition from several notable brokers in the online trading space, including:

1. IC Markets - Known for its low spreads and rapid execution speeds.
2. Pepperstone - Offers a wide range of trading instruments and competitive pricing.
3. Exness - Recognized for its flexible leverage options and user-friendly platforms.

Positioning in the Industry

FXCC positions itself as a low-cost broker focused on providing a transparent trading environment with no dealing desk intervention. Its commitment to customer-centric services and competitive pricing helps it stand out in a crowded marketplace.

Market Differentiation Factors

Key differentiators for FXCC include:

• ECN/STP Trading Model: Direct access to liquidity providers and competitive pricing without dealer intervention.
• Zero Account Features: No commissions, zero deposit fees, and spreads starting from 0.0 pips.
• Regulatory Oversight: Strong regulatory backing from CySEC and MISA, ensuring client protection and trust.

Back to Top

In conclusion, FXCC Markets Ltd is a reputable brokerage firm that has established itself as a key player in the online trading industry since its founding in 2010. With a focus on transparency, competitive pricing, and a diverse range of trading instruments, FXCC continues to attract traders from around the globe. Its regulatory compliance and commitment to client protection further enhance its standing in the financial markets. For those interested in exploring FXCC's offerings, learn more about their services and trading conditions.