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FX Central Clearing Review

  • Regulated by: Financial Conduct Authority, CySEC, MiFI…
  • Safety: segregates client funds
  • Trust Rating: B
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Losses can exceed deposits. Your capital is at risk.

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.

Open a demo account Visit FXCC

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Your capital is at risk.

FX Central Clearing screenshot

PROS

  • Segeregates client funds
  • Established in 2010
  • Regulated by Financial Conduct Authority, CySEC, MiFID,
  • Min. deposit from $100

CONS

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.

FX Central Clearing fixed spread is not available. If you believe this is incorrect please fill in our form

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.

See all Spreads Your capital is at risk.

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
Spread from: $4.00 $6.00 $7.00
Typical overnight fee: $6.70 $9.40 $5.00
Commission: $0.00 $0.00 $0.00
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.

General Fees

  • FX Central Clearing doesn’t charge inactivity fees*
  • FX Central Clearing doesn’t charge withdrawal fees*

Overnight fees & swap rates

When you hold a position overnight, it is usually subject to overnight interest which you must pay to your brokerage (sometimes called a rollover fee or swap rate).

  • The rollover fee for long positions on EUR/USD is -$6.70
  • The rollover fee for short positions on EUR/USD is -$0.20

Commissions

  • FX Central Clearing does charge commission on CFD shares

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
Cryptocurrencies No Yes Yes
Commodity CFDs FX Central Clearing Plus500 AvaTrade
# of commodities offered 0 17 16
Metals Yes Yes Yes
Energies No Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs FX Central Clearing Plus500 AvaTrade
# of Stocks offered 0 1816 99
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares No Yes Yes
Japanese Shares No Yes Yes
See FXCC's Instruments See Plus500's Instruments See AvaTrade's Instruments
Your capital is at risk.

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 Screenshot See FXCC's Platforms

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.

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

Accounts offered:

  • Demo account
  • Micro account
  • Standard account
  • ECN account
  • Islamic account

Still not sure?

Open a practice account & learn to trade

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.

Funding methods:

  • Credit cards
  • Bank Transfer
  • Skrill
  • Neteller

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.