FXCC review

Spread from

0.0 pips

EUR/USD spread

Approx. 0.2 pips

GBP/USD spread

Approx. 0.5 pips

Commission

$0, ECN XL

All-in cost, EUR/USD

Approx. 0.2 pips

Spread type

Variable

Overnight swap

Both: ECN XL advertised with zero swaps; swaps can apply under other account/configuration conditions

Deposit fee

None internally

Withdrawal fee

Method-dependent; card withdrawals free, bank-wire/other method fees may apply

Currency conversion

Conversion at applicable exchange rate

Cost is where brokers in the same regulatory bracket actually differ.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

FXCC lists a minimum deposit of $0. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets

Forex, Cryptocurrencies, Precious Metals, Indices, Energies

Currency pairs

70+

Total instruments

200+

Crypto CFDs

Yes

Maximum leverage

1:1000

Execution model

ECN/STP, No Dealing Desk

Execution speed

Under 100ms

Order types

Market, limit, stop, stop-loss, take-profit, trailing stop

Servers

Equinix NY4 and LD4

Leverage up to 1:1000 is available on this entity. High leverage does not increase your expected return - it increases position size for the same deposit, and shortens the move needed to close you out.

FXCC covers forex, cryptocurrencies, precious metals, indices, energies. A wider range matters less than depth in the instruments you actually trade.

Funding options: credit/debit cards, bank transfer, cryptocurrency and regional/electronic payment methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

MetaTrader 4, MetaTrader 5, MT4/MT5 WebTrader

Own platform

No

Mobile app

Third-party

Browser trading

Yes

Automated trading

Yes, MT4/MT5 Expert Advisors

Copy trading

No

Indicators

30+ MT4; 38+ MT5; custom indicators supported

Third-party tools

MetaTrader 4, MetaTrader 5, VPS

API access

Yes, institutional connectivity

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

Regulated by

MISA (BFX202408); CySEC (121/10) through EU entity; VFSC registration/licensing also disclosed for Central Clearing Ltd

Regulator tier

Tier 1

Register entry

CySEC CIF Register, licence 121/10

Client money segregated

Yes

Held at

Regulated banking institutions

Negative balance protection

Yes

Compensation scheme

Investor Compensation Fund up to €20,000 for eligible CySEC/EU clients; no statutory compensation scheme for international MISA clients

Audited by

Independent external auditors

Not available to

United States and other jurisdictions where FXCC services are prohibited or restricted

Across a hundred brokers, the licence is what separates the field fastest.

FXCC holds a tier-one authorisation from CySEC. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (VFSC). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

CySEC licences passport across the EU and follow the 1:30 retail leverage cap, with the Investor Compensation Fund covering eligible claims.

Vanuatu's VFSC is an offshore licence with limited oversight and no compensation scheme. It is often the entity that offers the highest leverage.

Client money is held separately from the firm's own money, at Regulated banking institutions. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by Investor Compensation Fund up to €20,000 for eligible CySEC/EU clients; no statutory compensation scheme for international MISA clients, which pays eligible clients up to its limit if the firm fails owing client money.

Check the licence yourself: the CySEC register of investment firms.

Minimum deposit

$0

Account types

ECN XL, ECN Promo, ECN Standard, ECN Advanced, Islamic/Swap-Free, Demo

Account currencies

USD, EUR, GBP, CAD

Islamic account

Yes

Demo account

Yes

Professional account

Yes, ECN Advanced/high-volume configuration

Minimum trade size

0.01 lots

Time to open

Typically a few minutes

FXCC runs 6 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: USD, EUR, GBP, CAD. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is 0.01 lots. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Deposit methods

Credit/debit cards, bank transfer, cryptocurrency and regional/electronic payment methods

Withdrawal methods

Bank transfer, cards, cryptocurrency and supported electronic payment methods

Deposit time

Cards within approximately 1 hour; crypto/electronic methods can be real-time; bank transfer typically 5-7 working days

Withdrawal time

Real-time for some methods; cards approximately 5-10 working days; bank transfers approximately 5-7 working days

Minimum withdrawal

$50

Local payment methods

Country-specific electronic and regional payment methods

Withdrawals are stated at Real-time for some methods; cards approximately 5-10 working days; bank transfers approximately 5-7 working days, against Cards within approximately 1 hour; crypto/electronic methods can be real-time; bank transfer typically 5-7 working days for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: bank transfer, cards, cryptocurrency and supported electronic payment methods. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is $50 - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Support hours

24/5

Contact channels

Live chat, email, phone, contact form

Languages

Multilingual

Telephone

+44 203 150 0832

Email

info@fxcc.net

Live chat response

Typically under 2 minutes

Education

Extensive: Education Centre, forex guides, trading tutorials, platform guides, technical-analysis education and trading terminology

Research

Daily technical analysis, market research, trading tools and market commentary

Support runs 24/5. Round-the-clock cover matters more than it sounds: a position held over a weekend or through an unexpected halt is exactly when you need somebody to answer.

Reachable by live chat, email, phone, contact form. A published telephone number is the one channel that is hard to fake and hard to ignore, so whether there is one says more than the number of channels does.

Languages: Multilingual. Being able to raise a complaint in your own language is worth more than it appears, because complaints are where precision matters most.

Education: extensive: education centre, forex guides, trading tutorials, platform guides, technical-analysis education and trading terminology. Treat broker-published material as an introduction rather than as advice - it is produced by a firm whose revenue rises when you trade more.

Legal entity

Central Clearing Ltd

Company number

HA00424753

Headquarters

Mwali, Comoros

Founded

2010

Publicly listed

No

Parent company

Independent

Employees

Approx. 50-200

Also trades as

FXCC; Forex Central Clearing

FXCC has been trading for around 16 years, through at least one full market cycle. Longevity guarantees nothing on its own, but a firm that came through 2008 and 2015 has been tested in a way a recent entrant has not.

The contracting entity is Central Clearing Ltd. This is the company you would actually have a relationship with, and it is worth checking that it is the same one named on the licence you are relying on: large brokers commonly operate several, and they are not equally protected.

Part of Independent. A parent adds resources, but the protections that apply to you are the ones attached to the entity that holds your account, not to the group.