FXCC is based out of Cyprus, and was opened in 2010. It offers over 1000 instruments for trading in forex, indices, commodities, and crypto. The broker has an excellent educational material selection, and offers high-quality research on its site.
Key Features:
- Regulations: CySEC (Cyprus), MISA (Comoros)
- Spreads from: 0.1 pips (ECN XL)
- Deposit/withdrawal fees: $0
- Inactivity fee: $5
- Available platforms: MetaTrader 4
- Supporting tools/content: Free VPS hosting, Daily technical analyses
FXCC has a large selection of educational materials, including e-books geared towards new traders, including all of the pertinent trading concepts and terms. Learning how to develop a sustainable trading plan, practice trading, and develop proper mentality all are touched on, and more. Daily trading signals, that rely on technical analysis, are offered as well.
Platforms include MetaTrader 4 and MetaTrader 5, allowing for beginners to benefit from one of the most intuitive platforms available, and even add Expert Advisors, custom indicators, and all of the other features that make this ecosystem so loved. Also offered is free VPS hosting, allowing algorithmic trading as well.
I tested the ECN XL account which features raw spreads from 0.1 pips, and a minimum deposit of only $100. FXCC generally has low spreads on forex and indices, average spreads on commodities, and higher spreads on cryptocurrencies.
