The ECN XL account here is a rare find indeed. I firmly believe that a large part of trading succes depends on a trader but we can't ignore the fact, that the less we pay in trading fees, the better our averages get and the faster the capital grows. FXCC offers ultra-narrow spreads and applies no commission. There are swaps too but to tell the truth I don't know whether they are normal or not as I don't hold my positions overnight.
I like the broker's good customer service. The guys are very competent in FXCC. It's important to me. I also like the fact that the broker has no commissions. It means that there are no extra costs. That is also important. And the deposit is very acceptable. I can start with any level of initial capital. Sometimes the terms and conditions are good un other companies, but I have no money for the initial deposit. It should not be like that, I think. And I left the most important thing about the FXCC for the end of the review. It is the mention of bonuses. You can get an excellent bonus from the company. This is something to keep in mind.
I've been pleasantly surprised at how much attention and resources they devote to ensuring that traders have access to a wealth of educational articles on stocks, technical analysis and news trading. It's really popular. It's really cool.
Since I decided to start from scratch with a new understanding of the market, I also wanted to choose a new broker as I realized one of the reasons to lose money was paying too much in commissions. FXCC became my new choice. Their spreads are very tight, and they don't charge anything extra. FXCC reviews were nice. People seemed to be satisfied with their executions, so that's why this choice was made. I like this broker not only because it's fairly reliable but also because it's associated with the beginning of my professional growth.
This is an excellent choice for forex, oil and gold traders, but is totally unsuitable for stock trading. To be fair, having no stocks is a fair price for having excellent leverage for metals and energies trading. 1:500 is not a miracle for forex brokers, but trading gold and oil with this kind of a leverage is quite unusual and I think that lots of colleagues will agree with me. The support team here is quite pleasant and educated, withdrawals get completed with no delays.