Slippage is the difference between the price at which the order has been placed and the price at which it has been executed by the broker. The less slippage you get, the better your trading results will be.
Kama-spot is a forex trading strategy, based on technical analysis. It trades mainly EUR/USD, GBP/USD and USD/CHF
Average profit: 14.0 pips
Average trade lifespan: 19 hours
Most traded pairs: EUR/USD, GBP/USD and USD/CHF
Average profit: 16.0 pips
Average trade lifespan: 1 day
Average profit: 9.0 pips
Average trade lifespan: 5 hours
Average pips/trade: 12.0
Average trade lifespan: 15 hours
Average profit: 28.0 pips
Average trade lifespan: 3 days
Average profit: 22.0 pips
Average trade lifespan: 13 hours
Average pips/trade: 9.0 pips
Average trade lifespan: 1 day
Average profit: 9.0 pips
Average trade lifespan: 11 hours
Average profit: 10.0 pips
|Account type||Minimum deposit||Minimum trade size||Maximum leverage||Average Spreads|
|ECN Standard||$100||0.01||1:300||0.4 pips on EUR/USD+ commission 0.75 pip a side|
|ECN XL||$500||0.01||1:200||0.4 pips on EUR/USD + 0.6 pips round turn for deposits above $10,000
Zero commission for deposits less than or equal $10,000
|ECN Advanced||$100 000||0.01||1:200||0.4 pips on EUR/USD + commission 0.4 pip a side|
FXCC offers its clients a choice of three basic account types: Standard, XL and Advanced. Since the spread provided on all of them is the same, the main difference between them, except the minimum initial deposit, is the amount of the commission applied, if any.
Founded in 2010, FXCC is a No-Dealing-Desk (NDD) forex broker, offering trading in around 30 currency pairs, precious metals and a couple of indices through the most widely used MetaTrader 4 platform.
FX Central Clearing Ltd., doing business as FXCC, is a Cyprus Investment Firm (CIF), licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).
The Cypriot financial watchdog applies certain rules and requirements to license holders and makes sure they are being observed. For instance, customer funds must be held in segregated accounts. Also, the Commission requires forex brokers to hold at least €1,000,000 net tangible assets as a proof of good financial standing.
As a further guarantee to clients’ funds, all CySEC-regulated companies are members of the Investor Compensation Fund. This is the fund of last resort for customers of regulated firms. If the company becomes insolvent or ceases trading, the Fund is able to pay compensation to its covered clients, amounting to a maximum of 20,000 EUR.
Additionally, FXCC is also regulated under the Markets in Financial Instruments Directive (MiFID) in regards to offering cross-border services within the EU under the MiFID Passporting Regime, allowing companies regulated in their "home state" to provide services to customers in other EU Member States. Besides being EEA authorised, FX Central Clearing Ltd. is also registered with UK`s FCA.
Minimum Initial Deposit
In order to open an account with FXCC, traders have to invest at least $100. Such minimum initial amount is reasonable and average. Many Cyprus-based brokerages, however, require smaller amounts: FXTM and XM both demand just $5 from their clients as a start.
Spreads & Commissions
This broker offers tight variable spreads, averaged 0.4 on the EUR/USD pair. However, commission fees apply in most cases, and the ones on the Standard account type amount to 1.5 pips round-turn, so average trading costs would be 1.9 pips on EUR/USD, which is pretty high value for the forex market. This is why we would recommend the ECN XL account type (with deposit from $500 to $10 000), which is commission-free.
In comparison, Cyprus-based Exness also provides its ECN account holders with average spreads of 0.4 pips on EUR/USD, incurring a commission of $2.5 per standard lot. For further information, you may look up and compare real-time spreads of 15 leading brokers here.
The maximum leverage level offered by FXCC is 1:300, which is an average ratio for the forex market. If you, however, need higher leverage, many Cyprus-based brokers offer such. For instance, FXTM provides leverage up to 1:1000 and you can check out a list of brokers offering leverage equal to or exceeding 1:500 here.
Nonetheless, we advise traders to realize the risks of margin trading and exercise caution, as higher leverage involves greater risk.
Like most brokers, FXCC supports the award-winning MetaTrader 4 (MT4), the preferred choice of most experienced traders. The platform is equipped with a number of technical indicators, advanced charting package and a wide range of Expert Advisors (EAs), as well as extensive back-testing options for EAs. The platform is available as desktop and mobile versions.
What is more, FXCC’s clients are offered Multiple Accounts management solution through the MetaTrader 4 Multi Terminal, which is an integral part of the MT4 package.
FXCC offers the following payment methods: credit/debit cards (Visa, Visa Electron Maestro, MasterCard), bank wire, and e-wallets Skrill and Neteller.
Accepted currencies: USD, EUR, GBP.
FXCC is a Cypriot ECN/STP broker that offers pretty good trading conditions on the MT4 platform. What is more, its customer support does a great job.
To sum up the above, here are the advantages and drawbacks with regards to FXCC:
|Well-regulated||No choice of trading platforms, no web-based platform|
FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits.
Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
|Cyprus||CySec||MT4, MT5, Web||$5||Review Website|
|US, UK, Australia||CFTC/NFA, FCA, ASIC||MT4, Web,
|UK, Australia, Singapore||FCA||MT4, Web,
|UK, Cyprus||FCA, CySec||MT4||$5||Review Website|
|UK, Cyprus||FCA, CySEC||MT4, MT5, Web,
|UK, Bulgaria||FCA, FSC||Web||$150||Review Website|
|Belize||IFSC||MT4, MT5||$100||Review Website|
|Cyprus||CySEC||MT4, MT5||$300||Review Website|
|New Zealand||FMA||MT4||$1000||Review Website|