Account type | Rating | Min. order (lots) | Min. deposit ($) | Spread type | Min. spread (pips) | Commission |
---|---|---|---|---|---|---|
ECN Standard | 175 | 0.01 | 100 | Floating | 0.75 | — |
ECN XL | 165 | 0.01 | 500 | Floating | 0.75 | — |
ECN Advanced | 145 | 0.01 | 100000 | Floating | 0.4 | — |
The FX Central Clearing Ltd (FXCC) company has been founded in 2010 by the group of experts and the specialists of the international foreign exchange market relying on the rich practical knowledge of the world financial markets. Activities of the company are regulated by the Cyprus Securities and Exchange Commission (CySEC) and performed according to the European Directive on Markets in Financial Instruments (MiFID). The broker is also registered with the FSA at number 549790, has the permission of the EEA, is a part of the participants of the Investor Compensation Fund (ICF) and is authorized by the UK Financial Conduct Authority (FCA).
Unlike many other brokers, the company does not work on the algorithm of Non-Dealing Desk. The business structure of the company is based on the use of straight-through processing of made transactions (STP) in the case of which trading orders of traders are sent directly to the suppliers of liquidity, excepting the thereby possibility of the price allowance or discrepancies due to the intervention of the broker in a quotes flow.
The brokerage company possesses the developed structure of training, providing a large number of reference and training materials which can be used by the clients, and regular users can too.