FXCC Review

Active forex and CFD traders

CySEC MISA

Founded 2010 · Cyprus

Why investors choose this broker

Zero commissions on the ECN XL account
Spreads from 0.0 pips on major pairs
No minimum deposit requirement
CySEC regulation with ICF protection up to EUR 20,000

Review summary

FXCC is a Cyprus-based ECN/STP broker founded in 2010, offering forex and CFDs on MT4 and MT5 with zero-commission spreads from 0.0 pips.

Pros

Zero commissions on the ECN XL account
Spreads from 0.0 pips on major pairs
No minimum deposit requirement
CySEC regulation with ICF protection up to EUR 20,000
Free VPS for qualifying active traders
70+ forex pairs and 1,000+ CFD instruments
Demo account available

Cons

Limited to MetaTrader 4 and MetaTrader 5 only
Bank wire withdrawal fee of $45
E-wallet withdrawal fees around 2%
$5 monthly inactivity fee after 120 days
No stocks, ETFs, options, or futures - CFDs only
Limited research and educational resources
Offshore MISA entity offers weaker investor protections

Company background

FXCC (FX Central Clearing) was founded in 2010 by a group of foreign exchange market professionals. The broker operates through FX Central Clearing Ltd, authorised by CySEC in Cyprus, and a second entity, Central Clearing Ltd, licensed by MISA in the Comoros Union for clients outside the EEA. FXCC runs a no-dealing-desk ECN/STP model, routing orders to a pool of liquidity providers without a dealing desk.

The broker offers over 1,130 instruments across forex, CFDs on indices, commodities, equities and cryptocurrencies, targeting active traders who want tight spreads and direct market access.

Fees and pricing

The ECN XL account combines zero commissions with spreads starting from 0.0 pips on major forex pairs. Average EUR/USD spreads are around 0.8 pips. There is no minimum deposit and no account maintenance fee. FXCC does not charge deposit fees and reimburses third-party banking charges on deposits.

Non-trading fees include a $5 per month inactivity charge after 120 days without trading or funding activity. Withdrawal fees vary: bank wire transfers cost $45, e-wallets such as Neteller and Skrill around 2%, and credit or debit card withdrawals are free. Swap fees apply to overnight positions. The CySEC entity applies ESMA leverage caps (up to 1:30 on major forex), while the MISA entity offers up to 1:500.

Regulation and safety

FX Central Clearing Ltd holds CySEC license 121/10 under MiFID II. This entitles eligible clients to Investor Compensation Fund (ICF) coverage of up to EUR 20,000 in the event of insolvency, and client funds are held in segregated accounts at top-tier banks with negative balance protection. The offshore MISA entity (license BFX2024085) allows higher leverage but falls outside the ICF and European investor protection rules. FXCC restricts clients from the USA, Japan and certain other jurisdictions.

Platform experience

FXCC offers MetaTrader 4 and MetaTrader 5 as its only platforms, accessible on Windows, Mac, browser-based WebTrader and mobile apps for iOS and Android. Both platforms support Expert Advisors for automated trading, one-click execution and a full range of technical analysis tools. FXCC reports average order execution below 10 milliseconds and a no-requotes policy. Free VPS hosting is available to active traders meeting minimum volume requirements. A demo account is available for all registered users.

Pros and cons

FXCC's main advantages are zero commissions on the ECN XL account, spreads from 0.0 pips, no minimum deposit, CySEC regulation with ICF protection, and free VPS. The main drawbacks are withdrawal fees on bank wires ($45) and e-wallets (around 2%), a $5 monthly inactivity fee after 120 days, limited research and educational content, and weaker protections for clients using the offshore MISA entity.

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Open an account directly with the broker. Confirm current fees and account eligibility on the broker's website before depositing.

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Your capital is at risk. Other fees apply.

Trading fees & commissions

FXCC's ECN XL account charges zero commissions with spreads from 0.0 pips on major forex pairs. Non-trading fees include a $5 per month inactivity fee after 120 days of no activity, and withdrawal fees that vary by payment method.

Fees

Item	Fee
Cfds	Spreads vary by instrument; zero commission on ECN XL account
Crypto	Spreads apply; no separate commission
Margin	Swap/rollover fees apply for overnight positions
Account	No account opening or maintenance fee
Deposit	Free; broker reimburses third-party banking charges
Inactivity	$5 per month after 120 days without trading or funding activity
Withdrawal	Bank wire: $45; Neteller/Skrill: approx. 2%; credit/debit card: free

Trading platform & features

Platforms

MetaTrader 4
MetaTrader 5
Web app
iOS app
Android app

Regulation and investor protection

FXCC operates through two entities: FX Central Clearing Ltd, authorised by CySEC (license 121/10) in Cyprus, and Central Clearing Ltd, licensed by MISA in the Comoros Union. The CySEC entity provides access to the ICF investor compensation scheme up to EUR 20,000 and maintains segregated client funds.

Broker FAQs

Is FXCC safe?

FXCC's primary entity, FX Central Clearing Ltd, is authorised by CySEC under license 121/10. Client funds are held in segregated accounts and the CySEC entity participates in the Investor Compensation Fund.

Is FXCC a scam?

No. FXCC has operated since 2010 and its main entity, FX Central Clearing Ltd, is regulated by CySEC, a Tier-1 European regulator. A secondary offshore entity is licensed by MISA in the Comoros Union.

Is FXCC regulated and by whom?

Yes. FX Central Clearing Ltd is regulated by CySEC (license 121/10) in Cyprus. Central Clearing Ltd is licensed by MISA (license BFX2024085) in the Comoros Union.

Does FXCC keep client funds in segregated accounts?

FXCC states that client funds are held in segregated accounts at top-tier banks, separate from the broker's own operating capital.

What happens to my money if FXCC goes bankrupt?

Clients of the CySEC-regulated entity are covered by the Investor Compensation Fund (ICF) for up to EUR 20,000. Clients of the MISA offshore entity are not covered by the ICF scheme.

What products does FXCC offer?

FXCC offers over 1,130 instruments including 70+ forex pairs, CFDs on indices, commodities, metals, energies, equities and 30+ cryptocurrencies. The broker does not offer direct stocks, ETFs, options or futures.

Does FXCC offer forex trading?

Yes. FXCC offers more than 70 currency pairs including major, minor and exotic pairs.

Does FXCC offer cryptocurrency trading?

Yes. FXCC offers CFDs on more than 30 cryptocurrency tokens including Bitcoin and Ethereum.

Does FXCC offer a demo account?

Yes. FXCC provides a demo account that allows traders to practise without risking real money.

What trading platforms does FXCC offer?

FXCC offers MetaTrader 4 and MetaTrader 5, available as desktop, web-based and mobile applications for iOS and Android.

What does FXCC charge for forex trading?

The ECN XL account charges zero commissions with spreads starting from 0.0 pips on major currency pairs. Average EUR/USD spreads are around 0.8 pips.

Does FXCC charge a withdrawal fee?

Yes, depending on the method. Bank wire withdrawals cost $45. E-wallet withdrawals via Neteller or Skrill carry fees around 2%. Credit and debit card withdrawals are free.

Does FXCC charge an inactivity fee?

Yes. FXCC charges $5 per month after 120 days without trading or funding activity.

Does FXCC charge a deposit fee?

No. FXCC does not charge deposit fees and states it reimburses third-party banking charges on deposits.

Does FXCC have a mobile app?

Yes. FXCC provides MetaTrader 4 and MetaTrader 5 mobile apps for both iOS and Android devices.

Is FXCC good for beginners?

FXCC offers a demo account and no minimum deposit, which lowers the entry barrier. However, the broker has limited educational content and research tools, which may disadvantage new traders.

Is FXCC good for long-term investing?

FXCC focuses on active forex and CFD trading rather than long-term investing. It does not offer stocks, ETFs or investment plans, and overnight swap fees make holding positions long-term costly.

Bottom line

FXCC suits users who want a zero-commission ECN account with tight spreads, MetaTrader 4 or 5, and CySEC regulation for active forex and CFD trading. It may not suit users who need stocks, ETFs, educational tools, a variety of trading platforms, or low-cost withdrawal options.

FXCC

Active forex and CFD traders

Open Account

Your capital is at risk. Other fees apply.