About FXCC
Who is FXCC?
FXCC, or FX Central Clearing Ltd, is a Cyprus‑based brokerage founded in September 2017 and headquartered at Amorosa Centre, 2nd floor, 2 Samou Street, 4043 Yermasoyia, Limassol, Cyprus. The company falls under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC).
Although public records indicate zero employees on file, FXCC has established a presence in the retail forex market, primarily offering trading services via the widely used MetaTrader 4 (MT4) platform.
Regulation and Safety
FXCC holds a Cyprus Investment Firm (CIF) license from CySEC under reference number 121/10. This license permits the broker to offer cross‑border investment services within the European Economic Area in accordance with MiFID II.
As a CySEC‑regulated entity, FXCC is required to segregate client funds from its own operational capital, maintain adequate capital reserves, and participate in the Investor Compensation Fund (ICF), which can provide up to €20,000 per client in the event of the firm’s insolvency.
Account Types
The broker offers three distinct ECN account tiers. The ECN XL account is the most accessible, with a minimum deposit ranging from $100 to $10,000 and a leverage cap of 1:30. The ECN Standard account targets more experienced traders, requiring a deposit between $10,000 and $100,000, also capped at 1:30 leverage. At the top end, the ECN Advanced account demands a minimum deposit of $100,000 but allows leverage up to 1:200.
Spread and commission details are not publicly disclosed for any of these account types, meaning traders must open an account or contact support for a full picture of trading costs.
Platforms and Instruments
FXCC relies on MetaTrader 4 (MT4), a platform renowned for its user‑friendly interface, advanced technical analysis tools, and support for algorithmic trading. The broker’s website suggests that trading is limited to forex, gold, and silver, though a definitive list of all available instruments is not provided.
This narrow focus may appeal to traders who specialize in currency pairs and precious metals, but it likely falls short for those seeking diversification into indices, commodities, equities, or cryptocurrencies.
Funding Methods
Deposits can be made via VISA, Neteller, and Skrill. The broker claims that deposits are processed instantly, while withdrawals are typically returned through the same channel used for funding. Profits, however, must be withdrawn via a separate method, which may introduce additional processing steps or fees.
It is worth noting that some user reviews mention a 2% fee on cryptocurrency withdrawals, though FXCC does not list crypto as a funding method on its site, suggesting that such transfers may only be available under certain conditions.
Who is FXCC For?
Given the high minimum deposits on its upper‑tier accounts, FXCC appears geared toward more serious or well‑capitalized traders who can take advantage of the higher leverage offered on the ECN Advanced account. The CySEC regulation and MT4 platform make it a plausible choice for European retail traders seeking a broker that adheres to EU client‑fund protections.
However, the lack of transparent fee disclosure and the mixed user feedback on withdrawal experiences mean that beginners or casual traders should approach with caution, especially if they prioritize flexible, low‑cost withdrawals.
Overview compiled by FXCanary from regulatory records and public data. full FXCC review