FXCC review

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

The licence is what decides where your money sits and who is obliged to do something about it.

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.

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

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

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 the last thing to weigh here, and never the thing that should decide it.

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.

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.

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.

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

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

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