- Established In:
- Maximum Leverage:
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- Languages Availbles:
- English, Turkish ,Arabic ,Spanish, Chinese, Portuguese, Italian, German, French, Chinese
The following FXCC Review aims to provide potential clients with everything they need in order to make an informed decision. New and experienced traders should have a full overview of any trading company before committing to the transfer of any funds. There are a few key points that all traders should look out for, ranging from customer support all the way through to the overall efficiency of the system.
FXCC offers its clients three trading platforms. The MetaTrader 4 platform is well-known among seasoned and novice traders and is easy to use and customizable enough to suit various different needs. The Sirix WebTrader platform is best suited to traders who prefer online platforms rather than needing to download any software. Finally, the Mobile Trader platform is perfectly suited to traders who are always on the go.
Along with the relatively standard, albeit useful, callback and live phone options, FXCC also offers an online chat platform. This is particularly handy for novice traders or new clients who are still getting a feel for the site and need a little extra guidance. Email support is also an option.
Web support is available in several languages including English, Russian, Chinese, Arabic, German, Italian, Portuguese, French and Spanish. The official trading platforms are in English, as is to be expected with most trading companies.
The company claims to have spreads starting from as low as 0.1 pip. Though on average, users can expect spreads starting at 0.7 pip on a standard account and 0.4 on an advanced account. This is considerably lower than the standard spread offered by most other trading companies.
New clients receive a 100% welcome bonus on the XL account, which is certainly worth looking into. There is a limit of $10 000 on this offer, though, which is mentioned in the fine print. For clients who are unsure of whether or not they should commit, there is the option of opening up a practice account and test driving the live trading platform before making their decision. The promotional offers on the website are subject to change, and potential new clients are urged to keep an eye on any new promotions or bonuses.
Account applications generally take a maximum 24 hours to be approved, though more often than not new clients receive their welcome email within just a few short hours. Once accounts are funded, trading can begin immediately. Several funding options are available including credit cards, debit cards, wire transfer, Moneybookers, Webmoney, and Neteller. Credit card funding clears almost instantly while the other funding options can take up to 3 business days to clear. Withdrawal can take a little longer while the company makes sure that all of the client's documentation is in order, though generally it takes 24 hours for the funds to be moved to the appropriate account.
FXCC is regulated by CySEC of Cyprus. This company is also MiFID regulated and can therefore accept clients who are a part of the European Union. Unfortunately, this trading company is not regulated by the correct authorities to facilitate clients in the United States.