FXCess Forex Broker Review

Read the Forex Trading Bonus review about FXCess to find out about its spreads, fees, bonuses, platforms, and more.

FXCess broker background — A brief overview

FXCess is a brand owned and operated by Notesco Limited, which is a broker registered in two jurisdictions, Bermuda and Gibraltar. The broker is registered in Gibraltar as CIFOI Limited. Despite being unregulated as of now, FXCess excels in safety by providing several key security policies. The broker offers negative balance protection to all retail clients, ensuring traders can not lose more than their initial investment. In other words, negative balance protection ensures traders can not go into minuses if they overleverage or trade unwisely. Another important policy followed by FXCess is the existence of segregated bank accounts with top-tier banks, enhancing transparency and preventing its employees from touching client funds. FXCess is also a member of an investor compensation fund, ensuring traders get their money back if something goes wrong with the broker. With all these policies, FXCess has established itself as a legitimate and reliable FX broker that emphasizes client safety and transparency. However, this is not the only aspect where the broker excels.

FXCess Review of Accounts

The broker offers several account types appealing to all trading styles. The two trading accounts, classic and ECN, combine all the attractive features. The classic account is commission-less and comes with spreads from 1.7 pips, which is suitable for swing traders and trend traders. The ECN account offers 0 pips spreads on major FX pairs and has an ultra-low commission of 4.5 USD per lot round turn. Let’s take a closer look at each of them.

FXCess classic account

The classic account is for general FX trading and comes with zero fees with 1.7 pips spreads. The minimum deposit starts from 10 USD and maximum leverage is capped at 1:1000. There is also a swap-free version for the classic account, allowing Sharia law followers to trade without swaps and commissions. The minimum lot size starts from 0.01 lots and there is a dedicated account manager 24/5 available. The account base currencies list includes several fiat currencies, EUR, GBP, JPY, USD, and NGN. There are also several bonus types offered for this account, which traders can select during the signing-up phase.

FXCess ECN account

The ECN account is for scalpers as it comes with 0 pips spreads, 4.5 USD round turn per lot commission, and a 10 USD minimum deposit. The leverage is capped at 1:500 which is more than enough to control considerable position sizes at lower budgets and there is also a dedicated account manager available 24/5. The minimum lot size is 0.01 lots and base account currencies are EUR, GBP, JPY, USD, and NGN. There is no swap-free option for the ECN account and no bonuses are offered, which are minor drawbacks.

FXCess Deposit and Withdrawal

Deposits and withdrawals are processed instantly for bank cards and some time is required for wire transfers, between 2-5 business days. The broker does not charge any fees and there are no other payment options offered as of now. The instant withdrawals make FXCess one of the best brokers when it comes to withdrawing trading profits from trading accounts, making it super attractive for traders.

FXCess Reviews of Trading Platforms

FXCess provides traders access to the MT4 advanced trading platform which is available for all devices including the web trader version. The broker allows usage of Expert Advisors (EAs) allowing traders to fully use the platform’s automated trading capabilities. With 0 pips spreads and 4.5 USD commissions, the broker is super attractive for scalpers who employ various trading algorithms. There are multiple built-in indicators in MT4 as well as custom ones, which makes it superior to many other platforms.

Mobile trading at FXCess

For traders who use their smartphones as the main trading device, the FXCess mobile trading app will provide all of the features needed to open, manage, and close trading positions on the go. The app allows traders to speculate all the offered assets including FX and shares on the go and use numerous built-in analysis tools.

FXCess Forex Review of Extra Features

FXCess has a limited number of extra features, except for its super attractive trading conditions. There are several bonus types allowing traders to increase their trading power and balance, which is advantageous for beginners to turbocharge their trading career.

FXCess Review of Education and Tools

FXCess provides educational content through its blog, which provides a well-organized center for both education and market insights. There are different topics covered such as Forex trading, trading concepts, and trading strategies allowing traders to get information about market insights or learn about important trading concepts. While not a full replacement for training courses, the FXCess blog is still decent with its offerings of diverse amounts of articles for beginners.

FXCess Reviews of Customer Support

The support by FXCess is provided via several channels such as live chat, email, and hotline. All the support options and the website of FXCess are multilingual, offered in more than 5 different languages. The support personnel are very well-trained and respond to inquiries very fast, which is very significant in financial trading.

FXCess Review Conclusion

Overall, FXCess is a reliable Forex and CFDs broker that offers super attractive trading conditions with 0 pips spreads, 4.5 USD round-turn commissions, MT4 advanced platform, and superior support. Two accounts are offering both commission-less and low-spread trading options, and the broker also offers its proprietary trading app. The assets are diverse and include Forex, commodities, indices, shares, and futures. The entry barriers are very low starting from 10 USD and maximum leverage is capped at 1:1000, which is sufficient to control large buying power with a low budget.