FXCC is an established broker that’s been offering low-cost online trading since 2010. Registered in Nevis and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes.
Freetrade is a London-headquartered investing platform that offers zero-commission trading on thousands of UK, European and US stocks and ETFs through a beginner-friendly platform. Open a standard investment account, a self-invested pension or a stocks and shares ISA and start building a portfolio from as little as £2.
Pros
Competitive and transparent ECN spreads from 0.0 pips with zero commissions, making FXCC one of the cheapest forex brokers
As an MT4 broker, FXCC offers advanced charting tools and excellent support for algo traders, especially when combined with the free VPS
The free education section, including the 'Traders Corner' blog, offers a large selection of materials that will serve all experience levels
There are no deposit fees except industry-standard mining charges on cryptos, which is advantageous for active traders
FXCC is trusted and licensed by the CySEC, a top-tier European regulator offering high standards of safeguarding
There are no restrictions on short-term trading strategies like trading and scalping
FCA-regulated brand with FSCS cover for investors
Thousands of US and UK stocks and hundreds of ETFs to choose from
Very competitive pricing vs competitors with low fees and zero commissions
Earn interest on uninvested cash with competitive rates
Transfer/move ISAs from other accounts
News and blog feed updated regularly
Built-in customer support via live chat
Fast revenue withdrawals
Dividends on stocks
Cons
FXCC’s single platform offering is a major drawback compared to many alternatives, notably AvaTrade which provides 5 platforms to suit different trader preferences
Although MetaTrader 4 continues to shine for technical analysis, the subpar design dampens the trading experience, especially compared to modern alternatives like TradingView
There is a threadbare selection of research tools like Trading Central and Autochartist, value-add features available at category leaders like IG
While the range of currency pairs exceeds most alternatives, the selection of additional assets is narrow, and notably, there are no stocks
High withdrawal fees may catch out unsuspecting traders, including a significant $45 charge for bank wire payments
Competitors have larger selection of assets
Trading platform lacks deep analytical tools
Less suitable for active, high-volume traders
Many countries not accepted
No leveraged trading
No demo account
Awards
Best STP Broker 2019 - World Finance Magazine Awards
Best Trading Account (XL Account) 2019 - World Finance Magazine Awards
Best Trading Account (XL Account) Europe 2018 - Global Banking & Finance Awards
Best STP Broker Europe 2018 - Global Banking & Finance Awards
Best Trading Account (XL Account) 2018 - JFEX Awards
Best MT4 Broker 2018 - JFEX Awards
Best Islamic Forex Broker (XL Account) 2018 - MENA Forex Show Awards
Best STP/ECN Forex Broker 2018 - MENA Forex Show Awards
Best Forex Trading Account 2017 - UK Forex Awards
Best Online Trading Platform 2020 - British Bank Awards
Best Share Trading Platform 2019 - British Bank Awards
People’s Choice 2019 - Good Money Guide
Best New Investment Service 2019 - Consumer Investment Awards
FXCC elevates mobile trading with the MT4 app on iPhone, iPad, and Android, perfect for traders with its reliable, advanced charting featuring 30 indicators, 9 timeframes and 3 chart types. It’s incredibly easy to dive into trading on the MT4 app through an FXCC account, with just 3 simple steps. The app offers the flexibility to trade a great selection of over 70 currency pairs and other popular markets on the go.
iOS App Rating
4.8
4.3
Android App Rating
4.4
4.3
Margin Trading
Yes
No
MetaTrader 4
Yes
No
MetaTrader 5
No
No
cTrader
No
No
AlgoTrader
No
No
OmniTrader
No
No
TradingView
No
No
Autochartist
No
No
eSignal
No
No
Trading Central
No
No
STP Account
Yes
No
ECN Account
Yes
No
DMA Account
No
No
MAM Account
Yes
No
PAMM Account
Yes
No
LAMM Account
No
No
Demat Account
No
No
AI / Machine Learning
No
No
Robo Advisor
No
No
Negative Balance Protection
Yes
No
Market Maker
No
No
P2P Trading
No
No
Spot Trading
Yes
No
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No
No
Social Trading
No
No
Trade Signals
Yes
VPS Hosting
Yes
No
Tournaments
No
No
Demo Competitions
No
No
Ethical Investing
No
No
Custodial Account
No
No
Guaranteed Stop Loss
No
No
Inactivity Fee
$5
Islamic Account
Yes
No
Account Currencies
USD
EUR
GBP
Commodities
Gold
Silver
Precious Metals
Platinum
Palladium
Oil
CFD
FXCC offers a narrow range of CFDs beyond forex with a limited selection of metals, energies, indices and cryptos. However, it stands out with its high leverage up to 1:500, which will serve experienced traders looking to maximize their buying power while speculating on rising and falling prices.
Leverage
1:500
FTSE Spread
Variable
GBPUSD Spread<
1.0
Oil Spread
0.03
Stocks Spread
NA
Forex
FXCC's key selling point is its forex trading conditions. ECN spreads come in as low as 0.0 pips during peak trading hours, while it supports a wider range of currency pairs than the majority of rivals with over 70 forex assets. Additionally, you have access to MT4, which was built specifically for forex trading and excels for its charting tools.
Assets
70+
GBPUSD Spread
1.0
EURUSD Spread
0.2
EURGBP Spread
0.5
Cryptocurrency
FXCC offers 8 of the most popular cryptocurrencies, including Bitcoin, Ethereum and Litecoin. High leverage up to 1:10 is available on BTC and 1:5 on other cryptos. There are no restrictions on crypto trading strategies with Expert Advisors (EAs) also permitted.
