Score
Fxcess
Anguilla|5-10 years| https://www.fxcess.com/
Website
Rating Index
Influence
Influence
C
Influence index NO.1
Cyprus 4.42Contact
Licenses
Licensed Institution：NOTESCO UK LIMITED
License No.：51491
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
Basic Information
Anguilla
Account Information
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Website
fxcess.com
Server Location
United States
Website Domain Name
fxcess.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
2018-09-20
Server IP
45.60.31.180
Company Summary
| Fxcess Review Summary | |
| Registered Country/Region | United Kingdom |
| Regulation | BMA(exceeded) |
| Market Instruments | Forex, precious metals, indicies, commodities etc. |
| Demo Account | Available |
| Leverage | Up to 1:1000 |
| EUR/USD Spreads | 0.5 pips |
| Minimum Deposit | $10 |
| Trading Platforms | PMAM, Metatrader 4 |
| Customer Support | Phone, email, social media, 24/5 live chat, contact form |
What is Fxcess?
Fxcess, is a financial trading platform headquartered in the United Kingdom. It operates under the regulation of FCA, though there are suspicions regarding the authenticity of its FCA license. The platform provides its users a wide range of market instruments to trade, including currency pairs, precious metals, indicies, and commodities. New users can familiarize themselves with the platform through its available demo account. Fxcess offers a leverage of up to 1:1000, with EUR/USD spreads at 0.5 pips. They have multiple trading platforms for users to choose from, including MT4, and PMAM. For any assistance, customers can reach out to their support team via phone, email, 24/5 live chat, contact form or social media (Twitter, Instagram, Facebook).
Pros & Cons
| Pros | Cons |
| • 300+ trading instruments | • Exceeded regulation by BMA |
| • Profound professional support | • Restricted access in certain countries |
| • Demo account | |
| • Instant Execution |
Pros:
- 300+ Trading Instruments: Fxcess Exchange offers a vast range of over 300 trading instruments. This extensive offering allows traders to diversify their portfolios and explore a wide variety of markets, thereby potentially reducing risk and increasing opportunities.
- Profound Professional Support: Quality customer support is crucial in the world of trading, and Fxcess Exchange delivers with profound professional support. This ensures that traders can get the help they need quickly, be it technical, transactional, or informational.
- Demo Account: The availability of a demo account is beneficial for both novice and experienced traders. Newbies can practice without risking real capital, while veterans can test out new strategies before applying them in the live market.
- Instant Execution: With instant execution, traders can capitalize on market opportunities without significant delays. This feature ensures that traders get their desired positions at the prices they want, especially in fast-moving markets.
Cons:
- Restricted access in certain countries: Fxcess caters to most international traders.Traders from Hong Kong or Russia will not be able to access or use the platform, limiting its global reach.
Is Fxcess Safe or Scam?
Fxcess is regulated by the Bermuda Monetary Authority under license number 51491, with a common business registration and an exceeded status.
| Regulatory Information | Details |
| Regulatory Agency | Bermuda Monetary Authority |
| Current Status | Exceeded |
| License Type | Common Business Registration |
| Regulated By | Bermuda |
| License No. | 51491 |
Market Instruments
Fxcess boasts a comprehensive and diverse array of market instruments, catering to the varied needs of its global clientele. From traditional forex trading to innovative cryptocurrency CFDs, the platform provides multiple avenues for potential investment. Here are some examples of the instruments available:
Currency Pairs Trading
The Forex segment at Fxcess features traditional instruments for this market. With Forex trading, investors can exchange currency pairs such as EUR/USD and GBP/USD towards what they believe could be more potentially profitable.
Precious Metals
Precious metals, notably gold, have consistently been viewed as reliable assets during market crises and periods of high volatility. Investors could trade gold and sliver through CFDs in long and short positions.
World Indices CFD Trading
Instruments in this category allow traders to engage with indices from leading stock exchanges. The pricing of these instruments is set in the local currency of each specific index such as UK 100, Wall Street, Germany 30.
Commodities
This segment comprises trading on Brent Crude, Coffee, Sugar, and many others.
Futures
Fxcess provides investors with access to 50 futures including US500, USOil, NATGas, Coffee. Investors could explore the trading opportunities futures provide and create sustainable strategies for their portfolio.
Account Types
Fxcess not only offers demo accounts for prospective traders to familiarize themselves with the platform but also provides an extensive range of benefits when one opts to open an online trading account. Investors can choose between the Classic account offers zero commissions, with competitive spreads and the ECN account offers low to zero spreads with a minor commission fee.
| Account Type | Classic | ECN |
| Spreads | Variable from 1.7 pips | Variable from 0 pips |
| Commission | No commission | $2.25 per lot per side |
| Trade Size | From 0.01 lots | From 0.01 lots |
| Bonuses | Available | Not mentioned |
| Round-turn Fee | Not mentioned | $4.5 per lot round-turn |
| Risk Warning | All trading involves risk; possible to lose all capital. | All trading involves risk; possible to lose all capital. |
Leverage
Fxcess provides traders with the ability to maximize their trading potential through the use of leverage. Leverage is a powerful tool that allows traders to open positions much larger than their initial deposit. By offering leverage as high as 1:1000 for classic accounts and 1:500 for ECN accounts, Fxcess enables its clients to amplify their exposure to the market and potentially achieve higher returns on their investments. However, it's important to note that while leverage can magnify profits, it can also amplify losses, making it essential for traders to use this tool judiciously and understand the risks involved.
Spreads & Commissions
Fxcess structures its commissions based on the specific trading accounts, making them variable depending on the chosen currency pairs and other assets. For classic accounts, there is no commission variable spreads from 0.5 pips. For ECN accounts, the commissions is $4.5 per lot rount-turn with spreads from 0 pips.
Trading Platforms
Fxcess offers two versatile trading platforms:
MetaTrader 4 (MT4): Renowned for stability and automated trading using Expert Advisors, with extensive charting and analysis tools.
PMAM: The PMAM platform offers clients an intuitive money management solution with advanced tools for optimum execution. It is one of the most flexible and advanced platforms within the industry. Suitable for both professional traders and money managers.
Choose the platform that suits your trading style and access a wide range of assets with competitive spreads, all in a secure trading environment.
Deposits & Withdrawals
Fxcess provides its users with a diverse array of deposit and withdrawal methods, catering to the varied preferences of its global clientele.
- Wire Transfer: This method usually takes 2 to 5 working days with the deposit fee being determined by your bank. The currencies available are JPY, EUR, USD and GBP.
- Visa Cards: Deposits are processed instantly without any fees.For withdrawals, the same banking card used for depositing needs to be utilized. The currencies available are JPY, EUR, USD and GBP.
Trading Hours
Investors can trade 24 hours a day, starting at 00:00 Monday and closing at 24:00 Friday (server time). Please note that the server time is GMT + 2 (GMT + 3applies during daylight saving/summertime).
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +44 (0)203282 7777
Email: support@fxcess.com
24/5 live chat: Customers can access live chat via their official website
Contact Form:
Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, and Instagram.
Frequently Asked Questions (FAQs)
| Q 1: | What bonuses are available under Fxcess? |
| A 1: | Credit bonus, up to $5,000; Power bonus, up to $4,000; Sharing Bonus, unlimited. |
| Q 2: | Why did my order stop-out? |
| A 2: | Your order will be stop-out when the margin level (Equity/Used Margin) of your trading account goes below 20%. |
| Q 3: | Does Fxcess offer demo accounts? |
| A 3: | Yes. |
| Q 4: | What is the lowest volume I can trade? |
| A 4: | 0.01 lots. |
| Q 5: | At Fxcess, are there any regional restrictions for traders? |
| A 5: | Yes. Fxcess does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
Keywords
- 5-10 years
- Regulated in Bermuda
- Common Business Registration
- Suspicious Overrun
- High potential risk
- Offshore Regulated
News
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2024-04-09 17:04
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Verify mobile phone no. to get a $15 USD trading bonus and get another $10 USD for verifying the email address
2022-03-22 10:27
Review 23
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FX5628077252
Italy
Presented as a reliable broker, it turned out to be the worst scam of my life. I started with them in April 2024 with an investment of 2k and then relied on an automatic bot by investing 5k (they made me lose everything in 6 days, claiming it was a coincidence). In July 2024, I returned and invested 27k, earning 42K in two months (all provable from my account). In August 2024, when I started requesting the first withdrawals, I began to notice a long wait, so much so that I had to urge the account manager to unlock the operation (on that occasion, I was already warned that the broker could reserve the right to block my account for excessive profits, something I never knew). Just a few days, specifically on September 13th, I found dozens of signals with very high leverage and on currencies that I have never traded, causing me a loss of 42k. NON-EXISTENT SUPPORT AND RESPONSIBILITY PLACED ON THE CLIENT. DISGUSTING.
Exposure
2024-09-20
Mr. Rolex
Portugal
It is highly concerning and completely unacceptable that they have scammed me by deleting my profits, blocking my account, and ignoring my attempts to contact them. It is clear that this broker is nothing but a scam, and I would strongly advise anyone considering using their services to stay far away. They have shown a complete disregard for their client's financial well-being and have engaged in fraudulent practices that are illegal and highly unethical. Overall, I would give this broker a very negative review. They engaged in fraudulent practices, blocked my account without explanation, and ignored my attempts to contact them. It is unacceptable, and they have shown a complete lack of professionalism and ethics.
Exposure
2023-03-11
AnanChaiyapong
Thailand
I gotta say that blog needs more regular update, as the articles are limited. However, from what they have already, there are some good readings like how to set a tp or sl properly. I like the advice with levels of support or resistance, the problem is for me now I cant really find the proper levels...
Neutral
2024-09-01
Xinmail
Japan
This trader has way too many trading tools, which meet all my trading needs. But I'm really worried because its regulatory license seems to be cloned. I'm still hesitating whether to choose this trader or not.
Neutral
2024-07-24
Gonzalo Alvarado
Mexico
The platform is fast and stable, and I didn’t encounter any problems with execution. However, I’m into scalping and checked out the ECN account, only to find out that their commission is $4.5 per lot round-turn. TBH it is a bit high compared to other brokers out there.
Neutral
2023-09-09
NicolasRenaud
France
The best thing, I liked about fxcess that they provide both variable and zero spread accounts. Some traders, like me, prefer trading non-typical and high volatile pairs, for example, some exotic forex pairs, that`s why the wide spreads are not for us. For just several bucks commission, I can trade these assets, on which my trading strategy is developed for, so I don`t need to worry about wide spreads.
Positive
01-10
LeviKolb
Germany
The MT5 trader just looks better in the web... I mean, look at this, its not impressive-looking. But the conditions, on the other hand... Just watch, for my regular acc, spreads are pretty sublime. For eurusd they are not even shown, less than 0.1 pips, for most other majors its 0.1-0.3 pips. nzdusd 0.3 pips. I can deal with older platform as long as its oldie but goldie.
Positive
2024-09-27
PolCuéllar
Mexico
I am pretty much satisfied with the trading terms here. Account types choice isn't big, but I would say... exhaustive. Classic account is something that I opted for because I am used to paying spreads and I don't know how to calculate commissions properly. It's cool they give traders such a choice, sometimes we are missing such accounts which will be universal. All in all I am happy.
Positive
2024-09-23
NicolásCabrera
Colombia
Who knew trading could be this cheap?! I mean, you’d think Fxcess would charge a fortune, but nope! The pricing is pretty reasonable. Sure, they’ve got their fees here and there, but nothing that’ll make you cry... unless you’re trading on a Monday after a bad weekend😂😂😂. But yeah, I think the broker is pretty great.
Positive
2024-08-22
FrancoOrnelas
Peru
There are two distinct account types - the Classic for a broad type of trading styles and ECN for daytrades or scalpers. The initial depo requirement is the same, but they differ in the leverage. 1000x for the classic acc, while “only” 500x for the ECN acc.
Positive
2024-08-22
Ivan Puga
Argentina
The variety of financial assets is really huge and traders can trade forex, metals, indices, commodities, futures, shares. There are also a lot of bonuses that can be helpful when guys start their trading path and thanks to this I could trade more confidently. The trading platform is multifunctional and it has plenty of additional features that makes your trading efficient and easier.
Positive
2024-05-10
Gorane Bianchi
Argentina
I found some reviews about Fxcess and was like "let's give it a try". It was a couple of months ago and nowadays everything is going well. I registered quickly, there was no extra hassle with that process and verification procedure as well. My account is ECN with quite low commissions and zero spreads. Leverage is confined to x500, but believe me guys, it's already a big value, watch out. Perhaps, it makes sense to diversify trading terminals' offer, but it's optional.
Positive
2024-05-08
Juan Martínez614
Mexico
I love Fxcess’ concept! I appreciate its honest and transparent approach to trading terms. It was pretty easy for me to find everything I needed to decide whether or not to join their platform. Furthermore, after I started trading, there were no unpleasant surprises. I was informed about every fee I was charged, and they delivered on their promised trading conditions regarding the spreads and the execution. I can confidently recommend Fxcess to anyone who likes their trading terms.
Positive
2024-05-02
Sebastian P.
Chile
There are a lot of financial instruments available for trading and since the moment I started trading with them I have not encountered any problems during trading. The trading platform is great and has a lot of technical tools and I can make effective analysis.😎 I also didn’t have problems with deposits and withdrawals of funds but I think they could add more ways to transfer money cuz two ways it is not enough for me.🤔
Positive
2024-05-01
Jose Perez
Mexico
Describing this broker, I would not say that it is extraordinary standing out with unique features. It is a stable broker. It offers a good selection of trading instruments. The trading conditiosn are also ok, yet they are not something of superb dimension. There are two account types - Classic and ECN. And is great that min depo threshold is just 10$ on both of them. Customer support is pretty responsive. So in general is just good. :)
Positive
2024-04-25
Julian Gallego
Mexico
It’s hard to say what I can not do on the MT4 platform of Fxcess. It’s possible to upload an Expert advisor to make my trading strategy automatic. And with VPS hosting my trading robot would be running literally 24/7. It’s a broker of possibilities.
Positive
2023-12-27
Indi Ponnusamy
Malaysia
Not a regular on this platform, actually cause I am not a daytrader and prefer to open a position and keep it for a couple of days until the price hits TP. Like a positional trader, whatever. Gotta confirm that the platform itself is intuitively clear as well as its interface and navigation are good, too. It didn't take me a lot of time to assimilate here, because I am in trading for quite an extensive period, so I know ins and outs. Pretty much commended, kinda solid option for folks.
Positive
2023-11-23
Casimiro Truxillo
Argentina
Fxcess has created truly appealing and competitive trading conditions. You can put this broker on your shortlist if your favourite trading software is MT4. Aside from this limitation, the rest of their offerings regarding the trading conditions are tempting. Let me start with the bonuses. They provide a welcoming trading environment and as a new client, you can use up to a 100% bonus on your deposit. As for the account types they have chosen a simple approach. You can choose between the Classic account which offers tight spreads and zero trading fees, or you can go for the ECN account which brings even more narrower spreads, but there is a commission they charge for that. I am quite satisfied with the execution. The platform is fast and stable, too.
Positive
2023-11-19
Mariano Martin
Mexico
Many traders dont undrstand the phrase powerful broker and I think the reason for that is that they simple have not experienced one. It was the same for me as well, I was thing that all the brokers are same. Not anymore. After years of experience, I can tell you in a minute which one can be checked as powerful broker. Fxcess is indeed one of them. Their reliability, exceptional trading conditions combined with stunning MetaTrader trading app integration, put the broker in this category of powerful brokerage companies. The Customer support is only a chery on top of everthing!
Positive
2023-08-26
Kamalanathan
Malaysia
I fiddled with this platform a bit, and I found it strangely fast. Normally I would not trust metatrader 4, but the integration here is very nice deposits and withdrawals are amazingly quick, execution also, so I just wanted to clarify once and for all that I found this platform to be a high value one.
Positive
2023-08-01