EntryLab
VerifiedUpdated April 13, 2026
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FXCC Review

Raw ECN broker that pivoted main entity offshore in 2024

Overall Rating

3.7/5.0

Regulation

Mwali, 10;

Min. Deposit

$1

Spread From

0.0 pips

Max Leverage

1:500

Maximum Leverage

1:500

Experienced traders who want raw ECN pricing and understand the CySEC-to-MISA entity split

Withdrawal

1-5 business days

Heritage

Comoros (Mwali) for main retail; Cyprus for EU entity

Established 2010

Supported Platforms

MT4MT5

Key Advantages

  • Raw ECN pricing from 0.0 pips with no commission on the ECN XL account
  • $1 minimum deposit is effectively no barrier to entry
  • EEA clients still have access to the separate CySEC-regulated FX Central Clearing Ltd under licence 121/10
  • MT4 and MT5 both supported with web and mobile versions

Considerations

  • Main www.fxcc.com site has moved from CySEC to Mwali MISA, which is a softer offshore regulator
  • The entity split (.com vs .eu) is not prominent on the site and is easy to miss
  • Zero-commission ECN funding is unusual and implies pricing is embedded in the spread markup

Broker Overview

FXCC is a retail ECN broker that has been operating since 2010. The group runs multiple legal entities, but the most important fact for a new client is that the main global site, www.fxcc.com, is now operated by Central Clearing Ltd under a Mwali (Comoros) International Services Authority licence (BFX2024085). The legacy EU entity, FX Central Clearing Ltd, still holds CySEC licence 121/10 and operates a separate site at www.fxcc.eu for EEA residents only.

That entity split is the single most important thing a potential FXCC client needs to understand before depositing. This review covers the regulatory structure, the ECN XL account, trading conditions, and where FXCC actually fits today compared to the way older reviews described it.

The critical entity split

FXCC used to be a CySEC-first ECN broker. That is how most reviews from 2018 to 2023 described it. In 2024, the corporate structure shifted. The main www.fxcc.com site is now operated by Central Clearing Ltd, incorporated in the Comoros, holding MISA licence BFX2024085. The original CySEC entity, FX Central Clearing Ltd (licence 121/10), still exists but now operates only through www.fxcc.eu and only accepts EEA clients.

Additional legal entities exist under SVG Financial Services Authority (Central Clearing LLC, SVG registration 2726 LLC 2022) and Nevis (Central Clearing Ltd, Nevis registry C 55272). These are ancillary rather than client-facing for most traders.

Practically:

  • If you live in the EEA: Use www.fxcc.eu. Your account sits under the CySEC entity with full CIF regulation and Investor Compensation Fund cover up to 20,000 EUR.
  • If you live anywhere else: Your account sits under the Mwali entity. MISA regulation is offshore and does not provide compensation cover equivalent to CySEC or the FCA.

The www.fxcc.com site does mention the entity structure in the footer and legal documents, but it is not prominent. A client who registers without reading the terms may not realise the regulatory downgrade compared to the 2022 version of the same brand.

Why Mwali MISA instead of CySEC

Brokers pivot global retail flows offshore for two main reasons: leverage headroom and client acceptance. CySEC limits retail leverage to 1:30 on majors. Offshore jurisdictions allow much higher leverage. By moving the main brand to Mwali MISA, FXCC can keep EEA clients on CySEC (compliant with EU rules) while offering a higher-leverage global product to everyone else.

This is not inherently bad. It is the same pattern used by Exness, HFM, XM and others. It does, however, mean that the "FXCC is CySEC-regulated" claim that older reviews made is now only true for EEA residents.

The ECN XL account

FXCC's main retail account is the ECN XL. Key conditions:

  • Minimum deposit. $1. Effectively no barrier.
  • Spreads. From 0.0 pips raw on major forex pairs.
  • Commission. Zero. This is unusual for a true ECN account and implies the broker is earning its margin through an embedded spread markup above the interbank raw quote rather than an explicit commission. Worth understanding before assuming you are trading at pure interbank cost.
  • Leverage. Up to 1:500 on the Mwali entity, lower under CySEC for EEA clients.
  • Base currencies. USD, EUR, GBP and others.
  • Swap-free option. Available on request for Islamic clients.

$1 minimum is a genuine low entry point. Spreads from 0.0 pips with no commission is an attractive headline. The practical all-in cost of trading will depend on how far above the raw interbank quote the broker marks up its spreads, so traders should compare executed-trade spreads against IC Markets, Pepperstone or Axi before assuming FXCC is cheaper.

Platforms

FXCC supports MT4 and MT5 across desktop, web and mobile. Both platforms connect to the same underlying account type. MT4 remains the expert advisor workhorse. MT5 adds the economic calendar, additional timeframes and the depth of market view. There is no cTrader or proprietary platform.

Instruments

FXCC covers forex, precious metals, global indices, commodities and cryptocurrency CFDs. The focus is primarily forex, where the broker's STP/ECN routing is at its strongest. Stock CFDs are not a major part of the product.

Deposits and withdrawals

Funding options include bank wire, credit and debit card, major e-wallets and cryptocurrency. Processing times run one to five business days depending on method. Crypto and e-wallet withdrawals are typically fastest. The broker uses standard anti-money-laundering rules.

Pros and cons

Pros

  • Raw ECN pricing from 0.0 pips with no commission is an unusual combination.
  • $1 minimum deposit removes the entry barrier entirely.
  • EEA clients still have access to the CySEC entity through www.fxcc.eu.
  • Trading since 2010 provides a meaningful track record.

Cons

  • The main global brand moved from CySEC to Mwali MISA in 2024, which is a softer offshore regulator.
  • The entity split is not prominent on the site. Clients need to check which entity their account sits under.
  • Zero-commission ECN funding implies spread markup, so all-in cost is not automatically lower than a tier-1 raw-spread account.

Who FXCC is for

FXCC suits experienced traders who understand the entity split, want very low minimums, and prefer raw-spread pricing. It also suits EEA clients who want the CySEC version of the broker and are happy to register on www.fxcc.eu rather than www.fxcc.com.

It is a weaker fit for traders who assume "FXCC is CySEC-regulated" based on older reviews, for anyone outside the EEA who wants tier-1 cover, and for traders who want an explicit commission structure so they can verify the raw-spread claim.

Final thoughts

FXCC is still a credible ECN broker with competitive headline pricing and a long operating history. The 2024 entity restructure weakens the regulatory story for global retail clients, but it does not invalidate the broker. The honest framing is: if you are EEA-based, use www.fxcc.eu and you get CySEC cover; if you are anywhere else, you are now trading under Mwali MISA and should size positions accordingly. Read the client agreement before depositing so the entity split is not a surprise.

Frequently Asked Questions

Is FXCC regulated?

FXCC operates through multiple entities. The main www.fxcc.com site is operated by Central Clearing Ltd under Mwali MISA licence BFX2024085. The EEA-only www.fxcc.eu site is operated by FX Central Clearing Ltd under CySEC licence 121/10. Additional entities exist under SVG FSA and Nevis company registrations.

Is FXCC the same as the old CySEC FXCC?

Partially. The CySEC entity (FX Central Clearing Ltd, licence 121/10) still exists but now only serves EEA clients through www.fxcc.eu. The global brand at www.fxcc.com moved to Mwali MISA in 2024. Older reviews that describe FXCC as CySEC-regulated are only accurate for EEA residents.

What is the minimum deposit at FXCC?

The ECN XL account has a $1 minimum deposit, which is effectively no barrier to entry. Practically, a trader will want more than $1 to place any meaningful position, but the broker does not enforce a higher floor.

What is the FXCC ECN XL account?

ECN XL is FXCC's main retail account. It offers spreads from 0.0 pips raw on majors with zero commission, which is unusual for an ECN product. Leverage runs up to 1:500 on the Mwali entity. Swap-free option is available for Islamic clients.

Does FXCC charge commission?

No, the ECN XL account advertises zero commission. This is unusual for a true ECN product. It implies the broker is earning its margin through an embedded markup above the raw interbank quote rather than an explicit per-lot commission. Traders should compare real executed spreads against peer brokers before assuming lower all-in cost.

What platforms does FXCC support?

FXCC supports MetaTrader 4 and MetaTrader 5 on desktop, web and mobile. Both platforms connect to the same underlying account. There is no cTrader or proprietary platform.

Account Types

Account TypeDetails
ECN XL0.0 pips · Zero commission commission
Demo0.0 pips · Zero commission commission

FXCC Guides & Resources

The Final Verdict

Raw ECN broker that pivoted main entity offshore in 2024

3.7/5

Overall Score

Mwali

Primary Regulator