Fxcess Journal
| Journal status: live Fxcess joined in | not yet |
Fxcess Profile
Website
Year
2020
Country
Bermuda
Branches
1
Regulation
not regulated
Registration
no
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Cuba, Iran, North Korea, Sudan, Syria, US
Broker type
MM, DMA, ECN marketing
Dealing book
A+B hybrid book, A-book
Tier
3
Execution speed
60 ms
LPs total
...
LPs quality
Tier-1 Banks
LPs names
...
Fxcess Accounts
MM
ECN
Minimum Deposit
10 $
10 $
Leverage
1000 : 1
500 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
0.5 pips
0 pips
Commission
0 $/lotRT
4.5 $/lotRT
Volume
...
...
Margin Call
100 %
100 %
Stop Out
50 %
50 %
Execution
Instant
Market
Spread
fixed
floating
Scalping
yes
yes
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card
Base currency
EUR, GBP, JPY, USD, NGN, IDR
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 3 months
| Update broker |
- Full listing profile: Fxcess broker profile
Is Fxcess safe?
- Investor protection: no
- Regulation: not regulated
- Registration: no
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is Fxcess trusted?
- Information transparency: sufficient
★★★ - Customer service: virtually non-existent
★ - Fxcess website: semi-detailed, updated
★★★ - Fxcess popularity (by visitor count): low visits
★★
How Fxcess works
Top Tier Banks
Fxcess provides banking and treasury services for its clients through world-class independent banking institutions.
Fxcess provides banking and treasury services for its clients through world-class independent banking institutions.
https://www.fxcess.com/fxcess/about-us/
What is the difference between STP/ECN and Real accounts?
Real accounts have instant execution that involves using requotes, while STP/ECN accounts have market execution with no requotes. Moreover, there is a difference in spreads because of the different liquidity providers.
Real accounts have instant execution that involves using requotes, while STP/ECN accounts have market execution with no requotes. Moreover, there is a difference in spreads because of the different liquidity providers.
https://www.fxcess.com/faq/
7.1 The Client understands and acknowledges that the Company will enter into transactions with the client as principal (counterparty) not as an agent and where the client holds an STP-ECN account the Company will nonetheless act on behalf of the Client in the capacity of agent for all STP-ECN Client Account Transactions. The Company will be the contractual counterparty to the Client.
7.5 The Company reserves the right at its own discretion, without the Client’s consent, due to risk management policies to transfer the Client’s execution to STP/ECN execution when the Client’s trading strategy, exposes the Company to greater risk than the Company can tolerate.
13.4 The client who opens an STP-ECN account acknowledges that in case the Company transmits the client’s order to the Liquidity Provider(s) for execution, the order may be executed against the Liquidity Provider(s) or executed within the ECN of the Liquidity Provider(s).
https://www.fxcess.com/wp-content/uploads/2021/12/fxcess_terms_of_business.pdf
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