FXCC Markets Ltd Forex Broker

Fxcc Markets Ltd Forex Broker - Complete Information Guide

1. Broker Overview

　　Fxcc Markets Ltd, established in 2010, is a prominent player in the forex and CFD trading industry. The company is headquartered in Limassol, Cyprus, and operates under the regulatory framework of the Cyprus Securities and Exchange Commission (CySEC). As a private entity, Fxcc Markets Ltd focuses on providing trading services to a diverse clientele, including retail traders and institutional investors.

　　Since its inception, Fxcc Markets Ltd has achieved significant milestones, including the acquisition of various industry awards, such as "Best Forex Trading Account" at the UK Forex Awards in 2017 and "Best STP Broker Europe" by Global Banking and Finance Awards in 2018. The company operates under the parent company Fx Central Clearing Ltd, which is also regulated by CySEC.

　　Fxcc Markets Ltd employs a Straight Through Processing (STP) and Electronic Communication Network (ECN) business model, ensuring that clients receive direct market access without dealing desk intervention. This model allows for competitive pricing and fast order execution, catering to active traders who seek optimal trading conditions.

2. Regulation and Compliance Information

　　Fxcc Markets Ltd is regulated primarily by the Cyprus Securities and Exchange Commission (CySEC), holding the license number 121/10. This regulation ensures that the broker adheres to strict financial standards, safeguarding client interests and promoting transparency in trading operations.

　　Additionally, Fxcc Markets Ltd is also registered with the Vanuatu Financial Services Commission (VFSC), with registration number 14576. While this allows the broker to offer services in various jurisdictions, it is important to note that clients from the European Economic Area (EEA) are served through the CySEC-regulated entity.

　　The broker implements a robust Know Your Customer (KYC) and Anti-Money Laundering (AML) policy, ensuring that client funds are kept secure. Client funds are held in segregated accounts, separate from the company's operational funds, providing an additional layer of protection. Moreover, Fxcc Markets Ltd participates in an investor compensation fund, offering coverage up to €20,000 for eligible clients in case of insolvency.

3. Trading Products and Services

　　Fxcc Markets Ltd offers a broad selection of trading products, primarily focusing on forex currency pairs. The broker provides access to over 70 currency pairs, including major, minor, and exotic pairs, allowing traders to diversify their portfolios effectively.

　　In addition to forex, Fxcc Markets Ltd also offers a range of CFD products, including commodities like gold and silver, major stock indices, and cryptocurrencies such as Bitcoin and Ethereum. This diverse offering enables traders to engage in various markets and capitalize on different trading opportunities.

　　The broker frequently updates its product offerings to meet market demands, although it currently does not provide stock trading options. Retail clients can benefit from tailored services, while institutional clients can access advanced trading capabilities and liquidity solutions.

4. Trading Platforms and Technology

　　Fxcc Markets Ltd supports the MetaTrader 4 (MT4) platform, a widely recognized trading platform known for its reliability and advanced features. The platform is available for desktop, mobile (iOS and Android), and multi-terminal use, catering to traders who require flexibility in their trading activities.

　　The broker does not currently offer MetaTrader 5 (MT5), which may limit options for traders seeking newer functionalities. However, the MT4 platform includes essential tools for technical analysis, automated trading via Expert Advisors (EAs), and various order types.

　　Fxcc Markets Ltd operates on an ECN/STP execution model, ensuring that client orders are routed directly to liquidity providers without any dealing desk intervention. This model minimizes slippage and enhances order execution speed, providing traders with a competitive edge in the market.

5. Account Types and Trading Conditions

　　Fxcc Markets Ltd offers a singular account type known as the ECN XL account, which is designed to accommodate both beginner and professional traders. This account type requires a minimum deposit of $100, and it features competitive spreads starting from 0.0 pips with no commissions charged.

　　The ECN XL account allows for high leverage of up to 1:500, enabling traders to maximize their trading potential. The minimum trade size is set at 0.01 lots, making it accessible for traders with varying capital levels. The account also includes a swap-free option for clients requiring Islamic accounts.

　　In addition to the ECN XL account, Fxcc Markets Ltd is expected to launch further account types in the future, although specific details are yet to be disclosed.

6. Fund Management

　　Fxcc Markets Ltd provides a variety of deposit and withdrawal methods to facilitate seamless fund management for its clients. Accepted deposit methods include bank wire transfers, credit/debit cards, and e-wallets such as Skrill and Neteller. Notably, there are no deposit fees, allowing traders to fund their accounts without incurring additional costs.

　　The minimum deposit requirement varies depending on the account type, with the ECN XL account starting at $100. Deposit processing times are generally quick, with e-wallet deposits processed within an hour, while bank transfers may take 5 to 7 business days.

　　Withdrawals can be made through similar methods, but clients should be aware that withdrawal fees may apply, particularly for certain e-wallet transactions. The minimum withdrawal amount is set at $50, and clients are advised to check the fee structure associated with their chosen withdrawal method.

7. Customer Support and Educational Resources

　　Fxcc Markets Ltd prides itself on offering comprehensive customer support to its clients. The broker provides multiple support channels, including email, live chat, and phone support, ensuring that traders can easily access assistance when needed. Customer support operates 24/5, catering to a global clientele.

　　In addition to customer support, Fxcc Markets Ltd offers a range of educational resources designed to enhance traders' knowledge and skills. These resources include video tutorials, webinars, and a glossary of trading terms. The broker also provides market analysis and insights, helping traders stay informed about market trends and developments.

8. Regional Coverage and Restrictions

　　Fxcc Markets Ltd primarily serves clients in Europe and other regions, leveraging its regulatory framework to attract a diverse clientele. However, the broker does not accept clients from certain countries, including the United States and Canada, due to regulatory restrictions.

　　The broker's services are available in multiple languages, reflecting its commitment to catering to a global audience. Nonetheless, potential clients should verify the availability of services in their respective regions before opening an account.

　　In summary, Fxcc Markets Ltd broker stands out for its competitive trading conditions, regulatory oversight, and commitment to customer service. While it offers a solid trading environment for forex and CFD trading, prospective clients should consider their specific trading needs and preferences when evaluating this broker.