FXCC Review – Learn More About The Broker’s ECN Accounts & ForexTrading Conditions
FXCC offers a No-Dealing Desk (NDD) Forex brokerage service through genuine ECN/STP conditions, which are devoid of any conflicts of interest between FXCC and its clients. Forex trading is a high-risk financial product that has a large number of risks in the market due to the significant amount of volatility, high leverage, and a trader’s emotional factors. Therefore, professional traders usually avoid trading with any dealing desk brokers and prefer to trade with ECN/STP brokers that offer Direct Market Access (DMA) conditions for the best trading environment. FXCC is primarily a European Forex broker that launched its FX and CFD products in 2010. The broker has its main base of operations in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). FXCC a part of the European Markets in Financial Instruments Derivatives (MiFID), which gives it the freedom to operate in the entire European Union under the European Economic Area (EEA) agreement. Although the broker also claims to be an FCA regulated broker, FXCC does not have any presence in the UK; rather, the broker is authorized under the EEA initiative to provide its services to the UK citizens under the EU regulatory environment.