FXCC was founded in 2010 by a group of foreign exchange market professionals, building on their long experience in the financial markets. The goal is simple: To become the world’s favourite Forex broker. That’s a lofty ambition but it’s one FXCC is prepared to work hard to achieve.
Success comes from the success of FXCC’s clients. The more profitable FXCC clients are in their Forex trading, the more trades they place in the FXCC system. As an ECN broker, profits are generated on a fixed per-trade basis. The more trades placed in our system, the healthier the bottom line looks. It is FXCC’s best interest to enable traders to be successful.
FXCC is authorised and regulated by the Cyprus Securities and Exchange Commission (CySec) and operates under the EU Markets in Financial Instruments Directive (MiFID). FXCC is on the FSA Register (Reference Number 549790) and EEA Authorised.
FXCC’s ECN forex model provides professionals and active traders, hedge fund managers, corporate clients and banks with access to real time streaming and competitive prices directly from leading multibank liquidity providers.
Clients successful trading is much attributed to extremely fast trade execution, the tightest possible spreads and sophisticated trading platforms that mean our clients have all the tools they need to give them the best possible chance of success.
FXCC believes that the ECN Forex model benefits all foreign exchange market participants. The ECN/STP model gives FXCC clients the freedom to trade on a more level playing field. FXCC has worked hard in making the world of Forex more transparent with a greater degree of control for traders.
Unlike most Forex brokers, FXCC has No Dealing Desk. The outlined business model is based on utilizing Straight Through Processing (STP), where all FXCC client's orders are sent to various premier and leading Forex banks and qualified financial institutions, eliminating the potential for any price mark-up, or any conflict of interests as FXCC don’t take the other side of traders trades.
Dealing Desk Forex brokers, can, under certain circumstances, profit from traders losses. When those particular circumstances start to appear, that's when things like lags and re-quotes start to show their head.
FXCC do not re-quote. They don't need to. FXCC don't run a dealing desk, so there is no trade risk to manage. This means FXCC never come into conflict with it’s client's trades. Client trades are made on prices provided to FXCC by the pool of liquidity providers. The Price Aggregator automatically scans these so traders are assured of only ever getting the best available Bid/Ask price combinations.
Traders see the best prices – FXCC liquidity providers see the FXCC system. Complete anonymity for all your trades.
FXCC has come far and still have a way to go with the goal already in sight. To be the world’s favourite forex broker.