Finding a Forex broker appears to be the easiest thing in the world, as they can be located on every corner. This may be true, but finding a competent broker necessitates more than a random selection. First and foremost, traders must investigate the broker to determine whether or not the broker will fulfill its payment responsibilities. Because many brokers cannot be read right immediately, there are occasions when there is no other option but to learn the hard way. Traders frequently begin by looking at the broker’s regulator to determine how effective it is.
Checking The Background: FXCC is a European Central Bank (ECN) broker that has been in business since 2010. It would be your wise decision if you would like to choose the FXCC trading company based on the fxcc broker review. Nonetheless, a group of traders says that the broker has defrauded them by taking far too long to process withdrawal requests. Furthermore, several consumers report that even if their deposit was not processed, they were unable to receive a refund.
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Platforms: The Meta Trader 4 platform is what you would expect from a modern European broker. FXCC also offers this extremely popular platform in all of its forms. This is the most important pont that must be followed when you will read FXCC review to choose this trading company as your trading partner. Meta Trader 4 and Meta Trader 5 both are suitable for trading and they are offered by the FXCC trading company.
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Safety: Complete registration and regulation with the Cyprus Securities and Exchange Commission, the Financial Conduct Authority, and full passporting rights under MiFID ensure FXCC’s safety and security. External auditors are hired to verify transactions, and client accounts are kept separate from business cash. To handle deposits and withdrawals, 128-bit secure socket layer encryption is used, and full verification is required.
What Payment and FXCC Bonus Options Are Available?
FXCC uses the same payment methods as most Cyprus-based FX brokers, including bank wire, credit cards, and e-payment gateways. On the FXCC bonus front, the broker runs periodic promotions that entitle traders to bonuses of up to 100% on their first deposits. The bonus structure is very subjective, and it is up to the broker’s decision whether or not to award or restrict bonuses based on their existing regulations. The broker compensates for the lack of a bonus by providing free VPS access to all accounts, which promises to reduce latency and provide quick execution rates. A major benefit of opening an ECN account is that the company passes on both positive and negative slippage to the trader.
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Last Thoughts
Around three dozen tradable instruments are available at this fully regulated brokerage. While this is a smaller number than many rivals, the Forex pair selection covers the most often traded alternatives as well as a few surprises. With access to trading, platforms, education & research, and Forex specials, FXCC makes it simple to use the site. Clients just select their chosen trading platform and financial instruments before beginning to trade.
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