FXCess Forex broker review — Everything you need to know

FXCess is the company’s trade name, Notesco Limited, a financial broker providing a trading platform and access to financial markets to Forex traders. The company is registered in Bermuda and Gibraltar as a CIFOI Limited. The broker does not accept clients from the USA, North Korea, Iran, Cuba, Sudan, or Syria. As a Forex and CFDs broker, FXCess offers diverse trading assets to its traders on the advanced MetaTrader 4 platform available for all devices. The broker was launched in 2019 giving it years of experience in the Forex trading scene which is always a good sign about the broker. The longer the broker is available, the more reliable it can be. The broker is not currently regulated by any authority but since it was established years ago, seems a very legit and reliable brand.

FXCess Overview of the website

The FXCess’s website is user-friendly and provides super simple navigation features, allowing users to quickly find all important information regarding all the services of the broker. Traders can easily access information on account types, funding options, platforms, promotions, support, and more. The design is modern and simplistic, allowing anyone to quickly find what they are looking for quickly and easily. The website is also mobile-friendly, which is a huge plus as mobile devices are becoming more and more popular for FX trading. The website is also multilingual, supported in more than 8 languages. There are no overcrowded elements on the website which is a huge plus.

FXCess Accounts Reviewed

FXCess provides traders with a simple choice between the two accounts of classic and ECN. With these account types, all types of trading styles are welcomed as ECN is for scalpers with lower spreads while the classic is suitable for general FX trading. While the minimum deposit is the same for both accounts from 10 USD, only classic supports swap-free accounts and the ECN comes with lesser leverage. Let’s review each of the trading account types in more detail and define which one suits you best.

FXCess Classic Account

Classic accounts from FXCess come with spreads of 1.7 pips on major pairs, there are no trading commissions based on volume traded, and the minimum lot size is 0.01 lots (1,000 units of a currency). Bonuses are available for the classic account, and there is also an Islamic version for Sharia law followers. The minimum deposit is 10 USD and the maximum leverage is capped at 1:1000. Account base currencies are diverse including EUR, GBP, JPY, USD, and NGN. There is a dedicated account manager available for FXCess classic accounts 24/5 ensuring traders are supported during Forex active markets.

FXCess ECN Account

The ECN account comes with spreads from 0 pips, which is suitable for scalpers, who want to capitalize on small market movements. There is a commission for the ECN account’s low spreads of 4.5 USD per lot round-turn, meaning traders only pay this 4.5 USD once they open a super competitive trading position. Many brokers charge higher commissions for zero-spread accounts, and FXCess is super attractive because of how low its commission is. The minimum deposit is also 10 USD for an ECN account just like the classic, but the maximum leverage is lower at 1:500. There are no bonuses for these accounts available. The minimum lot size is 0.01 and there is a 24/5 dedicated account manager available. There is no swap-free alternative for the ECN account, but the account base currencies are also diverse and include EUR, GBP, JPY, USD, and NGN.

Deposit and withdrawal options at FXCess

The broker is dedicated to offering a seamless funding experience, and many of its transaction methods are processed instantly. The payment methods for both deposits and withdrawals include Visa, MasterCard, and wire transfers and the accepted currencies include JPY, EUR, USD, and GBP. For bank cards, the processing times are instant and come at 0 fees, while the wire transfers take between 2-5 business days, which is pretty standard for this type of payment. The broker is working to offer e-wallets and allow more flexibility in the future, but as of now, only these two methods are available. It has to be noted that bank cards are the safest and fastest payment methods and provide more seamless transactions than other methods. Traders do not need to wait for days to get their profits from FXCess, they get paid almost instantly with the broker’s dedication to fast payments.

FXCess Assets — What can you trade?

FXCess offers access to diverse trading asset classes including Forex pairs, commodities, metals, indices, futures, and shares. There are no cryptos offered at this time, but other assets are 300+ in total, which is a huge number. Coupled with low spreads, the trading experience should be super attractive at FXCess as the broker has a super cheap commission. The broker offers over 80 currency pairs for traders, making it one of the best Forex brokers out there with 0 pips spreads. FXCess is also offering diverse types of commodities from energy and agricultural commodities to precious metals with competitive spreads. There are also popular shares and futures available with competitive spreads.

Trading platforms of FXCess

The broker offers several trading platforms. There is an advanced and popular trading software, MetaTrader 4 (MT4) which is offered for all devices and as a web trader as well. For a seamless mobile trading experience together with MT4, there is also a proprietary trading software FXCess mobile trading app allowing traders to trade all assets with ease. The mobile app is designed to be fast, reliable, and has a modern design. With these trading platforms, FXCess offers full trading capabilities to its traders, including custom indicators and Expert Advisors (EAs). Overall, FXCess offers a seamless trading experience with MT4 and FXCess app, ensuring traders can get the best trading experience both on desktop and mobile devices. The mobile app allows traders to speculate on FX markets 24/5 on the go, anywhere and anytime.

Education at FXCess

The broker provides few educational resources, but there is a blog available with posts covering important trading concepts and tips. Both the news and educational content on the blog are provided clearly, and there is a search bar to browse through the content quickly. The news articles are especially useful for traders to always make well-informed decisions and learn about new trends and dynamics in financial markets. There are no other trading courses available but the blog has a decent coverage of topics and market insights.

FXCess Customer Support

FXCess excels in providing its customers with the best support experience. Together with a multilingual website and support, the broker has dedicated account managers for its clients. There is a live chat that enables traders to instantly connect with the broker representatives and solve any issues swiftly. Surely, traders can use other channels such as hotline or email support but the live chat with its quick response times is a much better option. The multilingual live chat is very simplistic and allows traders to instantly chat with a customer agent, which is better than the AI chatbots, which many other brokers offer. Overall, the customer support experience is excellent and responsive at FXCess broker.

FXCess bonuses and promotions

Currently, the broker does not offer bonuses for newly registered traders. However, FXCess offers various bonuses periodically and all classic account holders can get these bonuses when they deposit funds into their trading account. There are also promotions for affiliates and IBs of the broker, which are offered various bonuses for attracting new traders to the broker’s platforms.

Is FXCess your broker? Final verdict

FXCess is a legit Forex and CFDs broker that offers a simplistic approach to trading accounts by offering two account types, classic and ECN. The spreads are exceptionally low for ECN accounts and the commission is just 4.5 USD round turn, which is super competitive. The minimum deposit of 10 USD ensures there are no entry barriers for beginner traders, making the broker very beginner-friendly. The maximum leverage is 1:500 for ECN and 1:1000 for the classic. With an advanced MT4 platform and access to more than 300 trading instruments, every trader can find their preferred trading assets with FXCess.

FAQs on FXCess broker

Where is FXCess based?

FXCess is based in Gibraltar and Bermuda and provides a seamless trading experience. The parent company for the broker is Notesco Limited, which is registered and regulated offshore.

Can you withdraw from FXCess?

Yes, the withdrawal process as well as deposits are instantly processed by FXCess for bank cards. The broker also has wire transfers, which will take more time.