FXCC is an international brand that has been providing individual and corporate clients with access to the forex and CFD markets since 2010. The brokerage’s CySEC license permits it to provide ancillary and investment services in both the EU and other countries, as long as the financial regulatory regimes of those nations do not contradict. FXCC, like any other forex and CFD broker, has advantages and disadvantages that traders should consider before deciding whether or not to join. This comprehensive FXCC review has included all of the relevant facts concerning the broker.
It will assist you in learning all of the company’s facts as well as familiarizing yourself with real traders’ opinions on FXCC brokers.
Model of FXCC Executions
A conflict of interest might arise between a broker and a customer. This is a common concern that every seasoned trader considers before signing up with any broker. It takes place at brokers’ dealing desks. Orders are filled from a limited order pool. When a dealing desk is unable to identify a suitable match for a client’s trade, it creates one in the system. Dealing desk brokers trade against their clients in this manner.
FXCC features a pool of multiple liquidity sources from which all trades are anonymously matched and completed. Traders that use ECN executions get the best price for their market orders with no requotes and minimum slippages. If you have any queries on this following trading company then you can learn it from FXCC Review from Tradersunion.
Review of FXCC by Tradersunion
According to FXCC reviews, the advantageous offers of this brokerage were the most important element clients evaluated when opting to employ their services. Traders have a variety of requirements. Some traders choose to trade for the long term, while others prefer to profit from intraday market volatility. The implementation of algo-trading strategies necessitates paying close attention to the broker’s limits and tools. FXCC provides solutions that allow clients to use any strategy they choose without concern of violating the broker’s terms and conditions.
Leverage: FXCC assesses the amount of leverage it can provide depending on current regulatory policies and the customer’s country of residency. For example, EU clients trading under CySEC regulations are limited to a leverage of 1:30 for currency pairs and even less for other assets. The greater leverage benefits FXCC clients from non-EU countries.
Scalping: Scalping is not restricted in any way by FXCC. Even though some brokers technically allow scalping and even encourage their clients to engage in short-term trading, experienced traders are aware that they have some formal constraints, such as a trade’s duration limit.
Hedging: Although ordinary traders rarely utilize hedging, it is not prohibited for FXCC traders. The only drawback that traders should be aware of is that the brokerage does not offer an additional margin for hedged positions. If there isn’t enough free margin to cover all open transactions, the widening spreads may force such positions to be liquidated in order to avoid a negative account balance.
For example, they may stipulate in its terms and conditions that any profits made on transactions lasting less than one or two minutes will be forfeited. Simultaneously, all losing trades with the same duration will be counted as negative results. Brokers claim that such a restriction is important to ensure that its service is used fairly. In reality, it simply means that such a broker is unable to provide timely and transparent executions.
