FX Central Clearing one way: Forex.
To open a live account, you’ll need a minimum deposit of at least $100. Alternatively, FX Central Clearing offer a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by CySEC (Licence: 121/10 ). FX Central Clearing puts all client funds in a segregated bank account and uses tier-1 banks for this. FX Central Clearing have been established since 2010, and have a head office in .
Before we dive into some of the more detailed aspects of FX Central Clearing’s spreads, fees, platforms and trading features, you may want to open FX Central Clearing‘s website in a new tab by clicking the button below in order to see the latest information directly from FX Central Clearing.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
Your capital is at risk.
What are FX Central Clearing's spreads & fees?
Like most brokers, FX Central Clearing take a fee from the spread, which is the difference between the buy and sell price of an instrument.
The spreads displayed below are based on the minimum spreads listed on FX Central Clearing’s website. The colour bars show how competitive FX Central Clearing’s spreads are in comparison to other popular brokers featured on BrokerNotes.
EUR/USDNot offered $0.00 per lot
The average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
USD/JPYNot offered $0.00 per lot
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
GBP/USDNot offered $0.00 per lot
The average spread for GBP/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
The average spread for Bitcoin across all brokers on BrokerNotes is 41.15 pips. See popular brokers for trading Bitcoin
The average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
The average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
Speads are dynamic and are for informational purposes only. Last updated: June 06, 2018.
As you can see, FX Central Clearing's minimum spread for trading EUR/USD is 0.4 pips - which is relatively low compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with FX Central Clearing vs. similar brokers.
How much does FX Central Clearing charge to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) with FX Central Clearing at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $10.7. Here’s a rough breakdown of the fees and how this compares against Plus500 & AvaTrade.
|FX Central Clearing||Plus500||AvaTrade|
|Typical overnight fee:||$6.70||$9.40||$5.00|
|Total cost of a 100k trade:||$10.7||$15.4||$12|
|$4.70 more||$1.30 more|
|Visit FXCC||Visit Plus500||Visit AvaTrade|
Your capital is at risk. All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018.
What can you trade with FX Central Clearing?
|FX / Currencies||FXCC||Plus500||AvaTrade|
|# of forex pairs offered||28||61||59|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|Commodity CFDs||FX Central Clearing||Plus500||AvaTrade|
|# of commodities offered||0||17||16|
|Indiced & Stock CFDs||FX Central Clearing||Plus500||AvaTrade|
|# of Stocks offered||0||1816||99|
|See FXCC's Instruments||See Plus500's Instruments||See AvaTrade's Instruments|
What’s the FX Central Clearing trading experience like?
1) Platforms and apps
FX Central Clearing offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. FX Central Clearing also offer their custom FXCC MAM platform.
FX Central Clearing also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.See FXCC's platforms Your capital is at risk.
2) Executing Trades
FX Central Clearing allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. FX Central Clearing allow you to execute a maxium trade of 50 Lot. As FX Central Clearing offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, FX Central Clearing offer margin up to 0.0033 on currencies.
FX Central Clearing also offers a number of useful risk management features, such as stop losses (), limit ordersnegative balance protectionprice alerts and much more. You can see all of the account features offered by FX Central Clearingand much more. You can see all of the account features offered by FX Central Clearinghere.
Finally, we’ve listed some of the popular funding methods that FX Central Clearing offers its traders on the right.
3) Client support
FX Central Clearing support a limited number including English
FX Central Clearing have a BrokerNotes double AA support rating because FX Central Clearing offer live chat, phone, email support and less than three languages.
4) What you’ll need to open an account with FX Central Clearing
As FX Central Clearing is regulated by Financial Conduct Authority, CySEC, MiFID,, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore FX Central Clearing’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with FX Central Clearing you can visit their website here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.fxcc.com/ on March 21, 2018.