Richard WilsonOne of the most important disadvantages of FXCC brokerage is the restricted number of supported trading software. When a broker has been in business for more than ten years, one expects the highest level of commitment, honesty, and service. FXCC has been on the market for almost 13 years, but there has been no significant growth or attention to its services and operations. Nobody wants to trade with a broker whose services do not keep up with technological advances. In this FXCC review, we’ll go through every facet of the broker and why you shouldn’t use it.
Outstanding Trading Platform: FXCC Broker
It is only compatible with MetaTrader4. There are several versions of this popular software to choose from; MT4 is a trading platform that may be used on a computer, a tablet, or a mobile device. Fans of Windows and iOS, as well as Android and iPhone users, can trade using an FXCC MT4 account. While MT4 is still the most popular trading program, fans of cTrader, Zorro, SierraChart, and even MT5 will be unable to use their preferred trading software if they choose to trade with this brokerage. Professional traders and account managers, on the other hand, will be pleased to learn that FXCC Broker supports a variety of trading platforms.
Spreads: The majority of trader ratings emphasize the necessity of lowering trading expenses. This is significant for all sorts of traders, but it is especially vital for day trading systems that are continuously trying to improve their average per transaction, which is heavily influenced by the broker’s costs and spreads. Because the spreads on the FX account are floating, it’s difficult to come up with precise figures. The only way to find out what FXCC spreads are like for actual account users is to read the reviews. Tight spreads are frequently ranked among the most favored company’s advantages.
Commissions: It used to charge a withdrawal fee, but it recently modified its policy, and traders can now enjoy commission-free trading, deposits, and withdrawals with this broker.
Investment Size: FXCC’s minimum lot size varies depending on the asset you’re trading. The majority of forex instruments can be traded with a 0.01 lot size, providing an ideal chance for tiny account holders to adequately manage their risks. Other assets, such as commodities, indexes, and cryptocurrency, have various lot size restrictions.
If we had to choose between the brokerage’s advantages and downsides, the instructional component of FXCC would most likely be put among the disadvantages. The main website appears to have a lot of blog entries, analytics, and educational materials at first glance. The blog pieces, on the other hand, do not come very frequently, and the instruction is confined to explaining financial terms and some of the most popular ways.
The utility of this instruction is questioned due to the lack of personalized training and FXCC reviews in daily analytics that only cover three main currency pairs. This is undoubtedly an area where the broker has room for growth.
To Sum Up
Officially, FXCC assistance can be accessed by phone, live chat, or e-mail, as is standard for any online brokerage. However, assessing the quality of customer service without first-hand FXCC reviews from real customers is impossible. In this aspect, there are differing viewpoints. According to several consumers, the customer service is really professional. Others warn users that there may be considerable latency in FXCC support responses.
James Robert
