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Alison Heyerdahl
Edited by
Author
Alison Heyerdahl
Edited by
Alison Heyerdahl
Head of Content

Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast to help traders make informed, safe decisions.

Learn more about Alison Heyerdahl
Author
Author
Chris Cammack
Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

Learn more about Chris Cammack

FXCC Broker Review

FXCC has a single account with spreads averaging 0.6 pips on EUR/USD and leverage up to 500:1. This single account has no minimum deposit. However, only the MT4 platform, a limited range of assets, high withdrawal fees, and poor education for beginners, this a difficult broker to recommend.
3.88
/ 5
Min deposit
USD 0
Regulated By
CySEC
Trading Cost
USD 6
Leverage
500:1
Copy Trading
No
Platforms
MT4
Instruments
Cryptocurrencies, Energies, Forex, Indices, Metals
Visit Broker
Accepts Filipino Clients. Average spread EUR/USD 0.60 pips on trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 platform supported. FXCC is regulated by CySEC.

Our Verdict on FXCC

Established in 2010, FXCC appeals to MT4 traders looking for excellent trading conditions on a single live account. However, FXCC offers a limited range of tradable instruments compared to its peers.

FXCC offers a single live commission-free account with no minimum deposit requirements and spreads that average at 0.60 pips (EUR/USD), which is tighter than other brokers. Trading platform choice is limited to MT4 but is available on multiple devices as well as major web browsers. FXCC also lacks trading tools, but free VPS hosting is offered for traders who maintain an account balance of 2500 USD or trade over 30 lots per month. 

Apart from the wide selection of Forex pairs (70+), FXCC has a disappointing range of CFDs. This is mostly down to the fact that trading is only available on the MT4 platform. It also provides a limited range of educational and market analysis materials and has a demo account that expires in 30 days, making it a poor choice for beginner traders.

Pros

  • Tight spreads

Cons

  • MT4 only
  • Limited education
  • Limited market analysis
  • Expensive withdrawals
  • High minimum deposit

FXCC Overall Summary

Trust Rating
4
Trading Conditions
5
Platforms
4
Education
2.5
Beginner Friendly
2
Assets Available
4
Analysis Research
3
Deposit & Withdrawal
3
Overall Rating
3.88
/ 5
Base Currencies
EUR, USD, GBP
Number of FX Pairs
71
Crypto Pairs
14
Copy Trading
No
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
Yes
Account Name
Commission
None
EUR/USD
0.40
GBP/USD
0.40
USD/JPY
0.40
Negative Balance Protection
No
Company Name
FX Central Clearing Ltd
Founded
2010
Website Language
English
Support Language
English
Office Locations
Cyprus
Support Email Address

Deposit & Withdrawal

banktransfer
bitpay
mastercard
neteller
skrill
unionpay
visa

Supported Platforms

Best MetaTrader 4 Forex Brokers
FXCC

Ready to trade with FXCC?


FXCC is a safe broker for Filipinos to trade with. It is regulated and authorised by CySEC and is registered in the Republic of Vanuatu.

Is FXCC Safe?

FXCC is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is a part of the European Markets in Financial Instruments Derivatives (MiFID), which gives it the freedom to operate in the entire European Union under the European Economic Area (EEA) agreement. Its authorization via the EEA also extends to the United Kingdom, allowing it to provide services to British residents. FXCC is also registered in the Republic of Vanuatu, from where it provides services to clients outside of Europe and the UK.

Filipinos will be trading under the FXCC subsidiary that is registered in the Republic of Vanuatu. 

For all intents and purposes, the VFSC is not considered a forex broker regulator and applies no supervision of any CFD trading-related activities. Clients must rely solely on the reputation of FXCC, as no additional measures exist to ensure client protection. However, in a show of good faith, FXCC segregates all client funds from the company’s operating capital at top-tier banks, and it offers negative balance protection to all its clients.

WhileFilipino traders may be apprehensive about trading under a subsidiary that is essentially unregulated, FXCC’s subsidiary in Europe is regulated by CySEC, a top-tier authority that maintains strict regulatory oversight.

Overall, because of its history of responsible behaviour, CySEC regulation, and the wide industry acclaim, we consider FXCC a safe broker.

Opening an Account at FXCC

The account opening process at FXCC is user-friendly and fully digital and accounts are approved within an hour.

All Filipino residents are eligible to open an account at FXCC, and there are no minimum deposit requirements.

Creating an account is straightforward, the process is fully digital, and accounts are usually ready within an hour. FXCC offers individual and corporate accounts, but we will focus on opening an individual account:

  1. New traders will have to click on the “Register” button at the top of the page, where they will be directed to fill in their name and email address and create a password.
  2. Traders must then fill in their details, including name, surname, telephone number, country of residence, physical address, and financial experience. Traders will also have to upload the following documents:
    • Proof of Identification – FXCC accepts all government-issued documents such as Passports, national ID cards, driving licenses, or other government-issued IDs. 
    • Proof of Address – Proof of residence/address document must be issued in the account holder’s name within the last 6 months and contain a trader’s full name, current residential address, issue date, and issuing authority.
  3. Next traders must fill in their trading account settings, including preferred base currency, trading account type (live or demo), level of leverage, and expected deposit amount.

Applications are usually approved within one hour. Traders can then login and fund their accounts.

Overall, FXCC’s account-opening process is fully digital and hassle-free, and accounts are generally ready to trade within an hour.

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FXCC’s Trading Instruments

FXCC’s range of financial instruments to trade is smaller than that of most other brokers. It does not offer shares or speciality CFDs such as ETFs.

Available Assets and Leverage

FXCC’s financial asset offering is limited to Forex, indices, metals, energies, and cryptocurrencies.

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FXCC Accounts and Trading Fees

FXCC offers only one account type, and its trading fees are lower than other similar brokers.

Trading Fees

FXCC has a simple account structure with trading costs included in the variable spreads. FXCC states that its revenue is derived from the spread, but it is not transparent about how the spreads are derived, and it does not publish the average spreads on its site.

Based on our experience, the average cost of trading one lot of EUR/USD is 6 USD, which is much lower than the costs of the accounts at other similar STP brokers. Additionally, there are no minimum deposit requirements to open an account at FXCC.

Swap Fees (Overnight Funding)

FXCC charges swap fees, or fees for positions that are held overnight. Unfortunately, FXCC does not publish the swap fees on its website.

Although FXCC only offers a single live account, its trading costs and low deposit requirements make it appealing to traders of all levels.

Trading Accounts

We opened and tested FXCC’s EXN XL and Demo accounts:

ECN XL Account

There is no minimum deposit requirement on the account, and spreads start at 0.0 pips on the EUR/USD, averaging at around 0.60 pips. No commissions are charged, but trading is only offered on the MT4 platform. 

FXCC’s account has hedging capabilities, allows automated trading and scalping, and has a minimum transaction level of 0.1 lots. Once the account reaches a Margin Level that equals the Stop Out Level or below, the system will automatically close all open positions.

Demo Account

The FXCC demo account expires after 30 days, which is not ideal for beginners. The demo account gives you a starting balance of 10,000 USD and allows traders to view charts, news, and analysis and get access to the full-featured MT4 platform. Demo accounts are an excellent way for beginners to experience real-time prices and real forex market volatility.

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FXCC Deposits and Withdrawals

FXCC offers a wide range of deposit and withdrawal methods. While deposits are free, withdrawals are slightly more expensive on some methods than other brokers.

Account Currencies and Funding Options

In order to comply with the Anti-Money Laundering Directive, withdrawal requests will only be sent the same way the funds were received and up to the initial deposited amounts. FXCC offers many deposit and withdrawal methods, including bank wire transfers, credit cards, and debit cards, various e-wallets, and cryptocurrency payments. 

FXCC offers a “zero deposit fee” promotion. This means that FXCC will pay the deposit fees charged by the payment processor when funds are deposited. However, withdrawal fees are charged for most payment methods. 

Base Currencies (Trading Account Currencies)

FXCC offers a limited number of base (trading account) currencies compared to other similar brokers.

Trading accounts can only be denominated in three base currencies – EUR, USD, and GBP, which is limited compared to other brokers. Most other brokers denominated accounts in at least five to ten currencies. Additionally, FXCC does not offer ZMW trading accounts, which is a disadvantage for s who will likely have bank accounts denominated in ZMW, and who will have to pay currency conversion fees on deposits and withdrawals.

For traders that trade in large volumes (more than 10 lots a month), it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with another currency account, there will be a small conversion fee for every trade made.

Overall, FXCC offers fewer trading account currencies than most other large international brokers and doesn’t offer accounts denominated in ZMW

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FXCC's Trading Platforms

FXCC’s trading platform support is severely limited compared to other similar brokers.

Mobile Platforms

FXCC’s mobile apps are limited compared to other similar brokers. It offers a mobile version of MT4 but no proprietary mobile trading solutions.

FXCC offers support for the MT4 mobile trading app for Android and iOS. Traders should be aware that there is some loss in functionality when compared to the desktop trading platforms, including reduced time frames and fewer charting options. Still, traders can close and modify existing orders, calculate profit and loss, and trade on the charts.

Trading Platforms Comparison

Broker
Platform Choice
Copy Trading
Platforms
FXCC
4
/ 5
No
MT4
Fondex
4
/ 5
Yes
cTrader
AvaTrade
4.5
/ 5
Yes
MT4, MT5, Avatrade Social, AvaOptions

Desktop Trading Platforms

FXCC only offers support for the MetaTrader 4 platform. In addition to the desktop and mobile applications, FXCC also offers MT4 WebTrader, the browser-based version of the platform. Multiterminal is also available if you are managing numerous accounts simultaneously.

MetaTrader 4

While not the most beginner-friendly software, MT4 has been the industry-standard platform for trading Forex and CFDs since 2005. Its intuitive interface and user-friendly environment provide essential tools and resources for successful online trading. Features of the MT4 include:

  • A built-in library of more than 50 indicators and tools to streamline the analysis process.
  • An impressive array of analytical tools is available in nine timeframes for each financial instrument.
  • Live price streaming on live accounts and demo accounts 128-bit encryption for secure trading
  • Algorithmic trading allows any trading strategy to be formalised and implemented by an Expert Advisor. 
  • Customisable alerts
  • Access to MetaTrader market and MQL4 community

FXCC offers the out-of-the-box MT4 trading terminal, but upgrades are available through third parties for an additional fee. One significant advantage is that FXCC offers free in-depth user guides, which many brokers fail to do and can set traders up for longer-term success.

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FXCC’s Research and Trading Tools

FXCC offers fewer trading tools than other large international brokers and market analysis is also limited. 

Trading Tools

FXCC only offers a VPS service, which is limited compared to other brokers. However, unlike similar brokerages, it does not offer additional sentiment indicators or analytics services such as Autochartist or Trading Central.

VPS

VPS services ensure that trades are never disrupted by technological or connectivity issues, such as load-shedding or internet service failure, which is a benefit to algorithmic traders who need to be connected to a server 24/7 to maximise uptime. Other benefits of the VPS service include:

  • 24/6 VPS email support
  • 24/7 Redundant power to your VPS
  • 24/7 Redundant internet connectivity to your VPS
  • Low latency connectivity to FP Markets trading servers for precision trading
  • Uninterrupted EA trading

The Virtual Private Server (‘VPS’) is owned and managed by a third-party provider (‘BeeksFX’) who is separate and independent from FXCC. Clients have to meet certain eligibility criteria to receive free VPS services:

  • Maintain a minimum equity of $2,500 (or equivalent currency).
  • Minimum monthly trading volume 30 standard lots round trip.

Clients who do not meet these criteria must pay a monthly subscription fee of 30 USD.

Trading Tools Comparison

Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
VPS services are usually offered free with a minimum trade volume, otherwise a monthly subscription fee will apply. VPS services are usually hosted by third-party companies.
FXCC
Yes
No
No
No
Yes
Fondex
Yes
Yes
No
No
No
AvaTrade
Yes
No
Yes
No
Yes

Market Analysis

FXCC’s limited research and analysis section provides an up-to-date basic daily technical analysis, a morning roll call analysis, and a forex news section. It also offers a ‘Traders Corner Blog’ with up-to-date trading news and an economic calendar for planning. All market analysis material is fully translated into over 80 languages. 

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FXCC’s Educational Material

FXCC’s educational materials are high quality but not as complete as its peers.

FXCC for Beginners

New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports. FXCC also offers eleven downloadable ebooks, but does not offer training videos, trading seminars or courses. All educational content is translated into over 80 languages, which is impressive.

Education Comparison

Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
FXCC
Yes
No
Yes
Medium
No
Fondex
No
No
No
Medium
No
AvaTrade
Yes
Yes
Yes
High
Yes
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FXCC’s Customer Service

For the purposes of this review, we found the customer service responsive, knowledgeable, and polite.

24/5 Customer Support

The multi-lingual customer support team at FXCC is available 24/5 via telephone, live chat, and email, but, as with all regulated brokers, cannot offer investment advice. FXCC also has seven social media channels and a FAQ section that answers many of the most common questions.

How Brokers Are Scored

FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score.

  • Trust Rating: Assessment of broker reliability and reputation
  • Trading Costs: Spreads and fees for clear comparisons
  • Platforms: User-friendliness and features 
  • Asset Selection: Forex, stocks, and other available instruments
  • Deposit and Withdrawal: Simple and free deposits & withdrawals
  • Education: Support for beginners and developing traders
  • Customer Support: Accessibility, responsiveness, and expertise

 

Learn how we set the standard for broker reviews. Explore our in-depth review process here.

FXCC Risk Statement

FXCC Risk Statement


Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. FXCC would like you to know that: Trading in Forex and Contracts for Difference (CFDs), which are leveraged products, is highly speculative and involves substantial risk of loss. It is possible to lose all the initial capital invested. Therefore, Forex and CFDs may not be suitable for all investors. Only invest with money you can afford to lose. So please ensure that you fully understand the risks involved. Seek independent advice if necessary. FXCC does not provide services for United States residents and/or its citizens.

Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack
Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education. With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users. He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Alison Heyerdahl

Head of Content

Alison Heyerdahl
Alison Heyerdahl is the Head of Content at FxScouts and an experienced financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 100 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

Ida Hermansen

Financial Writer

Ida Hermansen
Ida is a financial writer with a passion for cryptocurrencies, blockchain networks, and Forex trading. A dedicated crypto trader, she developed a deep interest in Forex technical analysis and price action, continually expanding her expertise in market trends and trading strategies. With a background in digital marketing, SEO, and content strategy, Ida combines her analytical skills with clear, engaging writing to help traders navigate the ever-evolving financial markets. She stays up to date with the latest Forex and crypto developments, researching the best trading environments for new and experienced traders alike.

Stefan de Clerk

Financial Writer

Stefan de Clerk
Stefan is a financial writer and Forex trading enthusiast with over a decade of experience creating in-depth content on finance and technology. His deep interest in geopolitical events, big data, and market sentiment fuels his passion for analyzing how global factors shape financial markets. With a background in marketing and financial research, Stefan believes that Forex trading offers the best insight into the pulse of the world economy. Committed to delivering well-researched, unbiased, and objective information, he helps traders navigate the markets with clarity and confidence.
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