FXCE Forex broker specializes in providing foreign exchange trading services, the company's official website https://id.fxceltd.com/en/register, the company's legitimate regulatory information MalaysiaLFSACommon Business Registration, to enhance the security of the company's address Lot A020, Level 1, Podium Level, Financial Park, Jalan Merdeka, 87000 Labuan F.T., Malaysia..
With access to around 300+ assets including forex, indices, and cryptocurrencies, FXCE presents attractive trading conditions. Through its four account forms and high leverage options, it appeals to a broad spectrum of traders.
Pros | Cons |
Wide range of financial instruments | Limited regulatory oversight |
High leverage up to 1:1000 | Offshore registration poses risks |
No deposit/withdrawal fees | Common Business Registration not suitable for forex |
Advanced trading platforms (MT4/MT5) |
FXCE Limited is not entirely legitimate for trading forex. Although registered under license number LL18960 with the Labuan Financial Services Authority (LFSA) in Malaysia, the license type is Common Business Registration, which does not authorise forex or financial services activity.
With more than 300 products for trading, FXCE gives access to a varied spectrum of financial instruments. These fit traders looking for worldwide financial market exposure since they feature 60+ currencies pairings, commodities, indices, share CFDs, precious metals, and cryptocurrencies.
Tradable Instruments | Supported |
Forex | ✔ |
Indices | ✔ |
Shares | ✔ |
CFDs | ✔ |
Precious Metals | ✔ |
Commodities | ✔ |
Cryptocurrencies | ✔ |
Four primary types of accounts provided by FXCE satisfy various trading requirements and degree of experience. Though no particular reference of an Islamic account is made, a practicing demo account is provided.
Details | Demo | Cent | Standard | ECN |
Spread | 0.01 | From 1.0 pip | From 1.0 pip | From 0.0 pip |
Maximum Leverage | 1:1000 | 1:1000 | 1:500 | 1:500 |
Minimum Deposit | $0 | $10 | $50 | $50 |
Maximum Deposit | Unlimited | $5,000 | Unlimited | Unlimited |
Margin Call | 50% | 50% | 50% | 50% |
Stop Out | 30% | 30% | 30% | 30% |
Commission | $0 | $0 | $0 | $7 |
Suitable For | Beginners practicing trading | New traders with small investments | Intermediate traders | Experienced traders needing tighter spreads and lower latency |
Depending on the kind of account, FXCE offers up to 1:1000 maximum leverage.
Particularly with its ECN account offering spreads from 0.0 pips and minimal commission rates, FXCE's fees are inexpensive relative to industry norms. For traders, meanwhile, the lack of inactivity fees and low deposit/withdrawal expenses adds to its appeal.
Account Type | Spread | Commission |
Demo | 0.01 | $0 |
Cent | From 1.0 pip | $0 |
Standard | From 1.0 pip | $0 |
ECN | From 0.0 pip | $7 per lot |
Non-trading Fees | |
Deposit Fee | Free |
Withdrawal Fee | Free (intermediary fees may apply) |
Inactivity Fee | None |
Trading Platform | Supported | Available Devices | Suitable for what kind of traders |
MetaTrader 4/5 | ✔ | iOS, Android, Windows, Mac | Advanced technical traders, automated trading |
FXCE does not charge any deposit or withdrawal fees, making transactions cost-effective for its users. The minimum deposit is $10, and withdrawals are processed securely via the 9 Pay payment gateway or traditional banking methods.
Method | Transaction Type | Currency | Min. Deposit/Withdrawal | Fees | Processing Time |
9Pay Payment Gateway | Deposit & Withdrawal | USD/VND | $10 | Free | Instant (Deposit) / Upon Approval (Withdrawal) |
Bank Transfer | Deposit & Withdrawal | USD | $10 | Free (intermediary fees may apply) | 1-3 Business Days |
Credit/Debit Card | Deposit | USD | $10 | Free | Instant |
Kim Min-jae
South Korea
With FXCE, I feel like I have more control over my trades. It provides advanced charting tools for technical analysis. 💯
Positive
2024-06-28
Chukwuemeka Okafor
Nigeria
The range of charts and indicators is good. Automated and social trading features are a nice addition, but the platform could be simpler.
Neutral
2024-06-26
Bodder
Belarus
FXCE really impressed me with their demo account and deposit/withdrawal process. The demo account is easy to use and helps traders get a feel for the platform, and the deposit and withdrawal process is quick and efficient.
Positive
2024-07-23