FXCC Markets Ltd is a CFD broker with a domain name registered on April 9, 2024. The company primarily offers investment services in markets such as forex, precious metals, crude oil, and indices, but does not provide services to countries and regions where it may violate local laws or regulations.
Corporate Registration Information and Regulatory Status
According to the official website of FXCC Markets Ltd (fxccmarketsltd.com), the company claims to be regulated by the National Futures Association (NFA) with NFA ID 0563357. However, after verification, no company with registration number 0563357 was found on the NFA's official website. Additionally, the broker's website does not disclose more information about the company entity and is lacking in terms of service, privacy policy, risk disclaimers, and other relevant legal documents.
Trading Instruments
FXCC Markets Ltd offers a variety of financial derivatives for trading, including forex, precious metals, crude oil, and indices.
- Forex: This involves the exchange of currencies from different countries and is one of the largest financial markets globally. Investors can trade by buying and selling currency pairs such as EUR/USD and GBP/USD.
- Precious Metals: Typically refers to gold, silver, platinum, and palladium. These metals are often used for hedging value, especially during periods of high market volatility due to their rarity and value preservation features.
- Crude Oil: As one of the most important energy sources globally, crude oil prices fluctuate due to various factors such as supply and demand and geopolitical events. Investors generally trade crude oil through futures contracts or CFDs.
- Indices: Indices measure the performance of a group of stocks. Common examples include the S&P 500, NASDAQ, and Dow Jones Industrial Average. Index trading typically reflects the overall market or a specific industry's performance.
Account Opening Process
The steps to open an account with FXCC Markets Ltd are as follows:
- Visit their official website and click the "Register" button on the homepage to go to the account registration page.
- Fill out the email address and set a login password on the account application form. Submit the form to complete registration.
- After registration, users need to complete KYC identity verification to make deposits and trades.
Account Types
The official website of FXCC Markets Ltd does not disclose key trading parameters such as spreads, trading leverage, contract sizes, etc. The platform also does not provide detailed information about account types, trading commissions, minimum/maximum trading volumes, maximum positions/order sizes, margin call/stop-out levels, or minimum price precision. The website lacks transparency.
Trading Platform
According to the official website of FXCC Markets Ltd, the company provides the Elite trading platform. However, their Trading Tools page claims to offer the ST5 trading platform.
The PC download link provided on the official website actually directs to a web version that has been confirmed to be a commonly used tool by multiple scam websites. The mobile download link on the App Store shows a trading software named DETHUBMAX, but its Google Play download page does not exist.
Deposits and Withdrawals
FXCC Markets Ltd does not explicitly disclose its supported deposit and withdrawal methods, the associated fees, or the minimum deposit and withdrawal amounts on its official website.
Conclusion
Traderknows alerts investors that FXCC Markets Ltd (fxccmarketsltd.com) lacks a proper corporate entity and regulation, and the website is flagged as Suspected Fraud. The site provides very limited contact options, with only email available. Investors are advised to choose brokers that are transparent, strictly regulated, and reputable to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
