FXCC Journal

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FXCC Profile
Year
2010
Country
Cyprus
Branches
1
Regulation
CySEC Cyprus
Registration
CySEC Cyprus, VFSC Vanuatu
Investor protection
Fund protection
Cyprus Investor Compensation Fund (ICF)
Publicly traded
no
Restricted in
Not serving
х US
Broker type
STP, ECN marketing
Dealing book
A-book
Tier
3
Execution speed
80 ms
LPs total
...
LPs quality
Tier-1 Banks
LPs names
not disclosed

FXCC Accounts
ECN
Minimum Deposit
1 $
Leverage
500 : 1
Minimum Lot
0.01 lots
EURUSD spread
0 pips
Commission
0 $/lotRT
Volume
50 lots
Margin Call
100 %
Stop Out
50 %
Execution
Market
Spread
floating
Scalping
yes
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Skrill, Neteller, China UnionPay, PSE, Efecty, Pago Facil, PagoEfectivo, Rapipago, Webpay, OXXO, Boleto, Santander, Klarna, Rapid Transfer
Base currency
USD, EUR, GBP
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 4 months
Update broker

Is FXCC safe?

  • Investor protection: Cyprus Investor Compensation Fund (ICF)
  • Regulation: CySEC Cyprus
  • Registration: CySEC Cyprus, VFSC Vanuatu
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is FXCC trusted?

  • Information transparency: sufficient ★★★
  • Customer service: prompt, helpful ★★★★★
  • FXCC website: highly detailed, updated ★★★★★
  • FXCC popularity (by visitor count): average ★★★

How FXCC works



What is the Business Model of FXCC?
As an ECN forex broker FXCC has No Dealing Desk. Our business model is based on utilizing Straight Through Processing (STP), where all our clients' orders are sent to various competitive and qualified financial institutions, that make up our pool of liquidity providers, eliminating the potential for any: price manipulation, spread manipulations, or any conflict of interest.


Client trades are made on prices provided to FXCC by its liquidity providers. The Price Aggregator automatically scans these so traders are assured of only ever getting the best available Bid/Ask price combinations, ensuring that all orders are executed in a truly competitive and transparent method.


38.3
You agree and understand that we will affect any Transactions with you as an agent. Thus we will be transmitting your Orders for execution to another broker(s) and such broker(s) may be transmitting the orders received by us to other liquidity providers. These brokers are not regulated market.

Although the Company offers Negative Balance Protection to all of its Retail Clients. Trading CFDs is not suitable for all investors.


...the Client will not be liable for any negative Balance in their trading account, which negative Balance will be covered by the Company.


Dealing Desk - No. All trades are executed in the Inter-bank market using STP (Straight-Through-Processing)
Stop Levels - 0.1 Pip away from the Market Rate, i.e. You could place Stop Loss order within the spread.


Conflict Of Interest
FXCC doesn’t take positions against its clients at all.


Automated Trading/Market Data.
Clients can connect their trading systems to our market data feed through the use of our API, clients can connect their trading models and risk management systems to our market data feed and matching engine. FXCC's live, neutral, executable market data, includes depth-of-market bid and offer prices, as well as quantities available at all price levels.

Instantaneous Trade Execution.

Clients trade instantly on live streaming, experiencing the best executable prices, with immediate confirmations. FXCC does not provide a "last look" to price makers, therefore FXCC trades are final and confirmed as soon as they are dealt. There are no re-quotes.


6.5 Execution Venues
Execution Venues are the entities with which the orders are placed. For the purposes of orders for the financial instrument of CFDs, the Company will act as an agent (therefore some third financial institution(s) will be the Execution Venue).

The Company’ price for a given CFD is calculated by reference to the price of the relevant underlying instrument, which the Company obtains from third party external reference sources. If the price touches an order such as: Stop Loss, Take Profit, Buy Limit, Buy Stop, Sell Limit, Sell Stop these orders are executed at once. But under certain trading conditions it may be impossible to execute orders (Stop Loss, Take Profit, Buy Limit, Buy Stop, Sell Limit, Sell Stop) at the declared Clients price. In this case the Company has the right to transmit the order for execution at the first available price on the market.

Likelihood of Execution: The Company will act as agent whereby some other Financial Institution(s) will be Execution Venue(s), in which case execution may be more difficult. This means that likelihood of execution depends on the availability of prices of other market makers/financial institutions.


The trading does not happen in a regulated market. Therefore the Client may be trading with a third financial institution/Market maker (whereby the Company will be acting as an agent).The Client is given the option to place with the Company the following orders for transmission for execution in the following ways:(a) The Client places a “market order” which is an order executed against the price based on a price obtained by a third market maker but although it may be based on such a price it is not necessarily identical (to be called “the Company’s quoted price”).


Over the Counter Transactions Transactions in CFDs are not to be undertaken on a recognised or designated investment exchange and, accordingly, they may expose the Client to greater risks than exchange transactions. The terms and conditions and trading rules may be established solely by the counterparty. The Client may only be able to close an open position of any given contract during the opening hours of the exchange. The Client may also have to close any position with the same counterparty with whom it was originally entered into. In regard to transactions in CFDs with the Company, the Company is using a Trading Platform for transactions in CFD’s which does not fall into the definition of a recognised exchange as this is not a Multilateral Trading Facility.



Comments

In reply to by Emmett

VijyAVad

I'd say amen to that! It is quite relieving that the broker does not take the other side of the trades, so they are not going to be biased against you. I also use APIs to build my own trading algorithms and systems, which is great, because it creates me room for maneuvre.

Emmett

Fxcc is a broker that does not interfere with the orders of its clients. That is the benefit of ECN brokers as fxcc cannot bid against clients, and there cannot be a conflict of interest. Also, with the help of APIs, clients can connect their trading systems to the broker's market data feed and risk management systems.

In reply to by Johan Caron

Samuel Roux

It is! As far as I know platform supports ios and android based portable devices.

Johan Caron

Does anyone know if trading platform available for tablets?

Grigmerd

True STP forex broker with superior orders execution. If your goal is to trade at a high rate without any flaws, then you should consider Fxcc as your primary broker.
I traded at several brokers with ECN accounts and to be honest they didn’t impress me much. Although the pricing was even better at some instruments, there were constant slippages happening.
I already thought that it was inevitable. That it’s something that every forex broker has, even the top caliber ones.
However it’s not the same with fxcc. As soon as I began to trade on a live fxcc account I started to keep track of the slippage stats. And there were some, mostly during the release of the major fundamental news. Other than that, no slippages were spotted.

Peter H.

This is very informative article about FXCC broker. But I think it is necessary to write in more detail about such important service as demo account.
For all customers, FXCC offers opportunity to open demo account on MT4 platform in addition to trading account.
It means I can manage two accounts on my trading platform at the same time.
I'm sure that demo account will be helpful not only for beginners. I've been trading on platform with FXCC for almost two years now. During that time, I got few trading strategies that worked. I want to add couple more strategies so I can make more profits and take less risk. I can use demo account to see how profitable these strategies are.
I am trading on real account, and at the same time, I am testing several strategies on demo account. Switching from trading account to demo account is very easy. MT4 platform has this feature.

Maxence Morel

I believe none of FXCC's customers have any complaints about company. From my experience, I made sure that broker provides best trading conditions and excellent trading tools. All traders have to do is apply their knowledge in the market correctly, and then all money in the world will be in their wallets!




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