FXCC Markets Ltd

FXCC Markets Ltd Information

Though FXCC Markets Ltd claims to be rewarded the Best Global Forex ST5 Broker 2020, it is actually registered in Apr 2024 only. Its products encompass forex (straight pairs, cross pairs), commodities (gold, silver, crude oil) and indices. It uses ST5 as trading platform for users.

However, it should not be neglected that the broker currently operates without regulation from any authorities. The simplistic website with very limited information and two negative exposures on WikiFX further adds unreliability of the company.

Pros and Cons

Is FXCC Markets Ltd Legit?

The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.

What Can I Trade on FXCC Markets Ltd?

FXCC Markets Ltd offers a diverse range of products, including forex trading with both straight and cross currency pairs, enabling traders to engage in various forex market strategies.

Additionally, they provide access to commodities like gold, silver, and crude oil, allowing clients to capitalize on price fluctuations in these essential markets.

Furthermore, the inclusion of indices offers an opportunity for traders to delve into broader market movements and track overall market trends.

Nonetheless, when comes to investment, the key principle is always to scatter risks and put money in more than one product.

Account Type

FXCC Markets Ltd does not disclose its live account types, but demo accounts are available for traders to practice and test their trading strategies in a risk-free requirement without losing real money.

You need seek for more details about their live accounts if you intend to trade with them.

Trading Platform

FXCC Markets Ltd offers the well-received and respected ST5 trading platform which is popular for its intuitive interface and highly-customizable features. A wealth of useful charts and technical indicators allow traders to stay abrest of market trends and seize trading opportunities.

The broker claims offer app version of the platform on iOS and Android devices, but the download links lead to error page we click at them. We can only access the web version so far. Seek for clarification with the broker before commiting actual trading.

Negative FXCC Markets Ltd Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

As of now, there'are two FXCC Markets Ltd exposure on WikiFX, details as below:

Exposure 1. Unable to withdraw

An investor from Oman reported that the broker controlled his money, asked him for withdrawal fee and even froze his account.

Exposure 2. Scam

Another Oman investor reported that this is a scam broker because when he requested to withdraw his commissions, he failed.

Customer Support Options

FXCC Markets Ltd can only be reached by email, such scarce customer support methods can delay response to customer requests, especially when they encounter problems and need assistance. This is another drawback of the company need to be taken consideration of.

The Bottom Line

In summary, we can almost conclude that FXCC Markets Ltd is not a good choice for most traders. The absence of regulation and limited transparency about its background and trading conditions on its non-informative shabby website degrade it credibility and reliability a lot. Not to mention the WikiFX exposures about withdrawal issues and scams.

Staying away from such brokers as much as you can is our warm suggestion.

FAQs

Is FXCC Markets Ltd safe?

No, the broker is not regulated by any authorities so far, which implies less protection on customers. And there're two reports on WikiFX about scam and withdrawal issues, which are major red flags.

Is FXCC Markets Ltd good for beginners?

No, the absence of regulation and limited transparency about its trading conditions leaves traders in the dark about their trading costs. Beginners usually have higher demands on this.

What trading platform does FXCC Markets Ltd have?

FXCC Markets Ltd offers ST5 trading platform through web.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.