FXCess
Questions & Answers

Yeah, you are able to open several trading accounts with fxcess, and this is actually a smart way of using their accounts for sure. You can open two trading accounts, one classic, one ECN and they are going to be separate. You will have to top up them both, they are not mixed at all. Look, if you are going to deposit into the ECN account, the same amount of money will not magically appear in the classic account. You will have to spend twice as much for trading at this point, but you will face some advantages. If the volatility is not that big in the market and news are far, you can use classic account as spreads there are normally wider but commissions are at zero. However, if the market is moving too rapidly and spreads are widening too much, you can switch to ECN account where spreads are minimal but you will have to pay for commission fees. The execution is going to be better with ECN as well. Anyway, it’s your decision at the end how to use these two accounts, just make sure to get the best of them.

The KYC approval doesn’t take that long to be honest, but i would suggest you to be more patient, it will help you in life and in trading a lot, otherwise you will struggle in the markets. For the time of approval i don’t remember exactly cause i did a year ago, but within an hour you can get it.

Nope, they don’t have a copy trading feature. However, it seems they offer something similar to a copy trading feature, this is PMAM services suitable for money managers. It's much better and can offer a lot of benefits than copy trading in my opinion. Just try it out to evaluate how it is for you.

Yeah, I’ve withdrawn profits twice now with my mastercard, both were processed instantly, No issues or back and forth. Felt kinda normal, honestly.

Seems you’ve just started scalping or trading in general. For any scalper, variable spreads, exactly what is offered at this broker’s classic account is a death sentence for trading costs. Why? Volatility which scalps implies widens the spreads and as a result your pocket. Thats why some stability is needed in prices structure, exactly what fxcess ECN account gives. 0 spreads, fixed commission per lot to know from the beginning how much will be spent and how much will in your profit and loss statement. The answer is obvious here

Hard to say. Everybody has their own needs and expectations about the broker. Personally, I like cheap trading costs. I think in the broker's field, there is no correlation between cheap service and bad service. I observed this at fxcess. Pretty, decent trading broker, without sufficient lacks in execution. The best thing was their zero spreads account that could keep a good leverage and had very cheap commissions. For having 0 spread and good below average commission, it’s without any doubt a plus.

Ho-ho, what we have here, a foxy guy that wants to know the strategy that can be used right away: XDDD The more you collect, the more material is to sort out the best, am I right? :)) ) Anyway, in the context of this broker, as for now, the best strategy that worked for me is 5min scalping on forex majors that can be done automatically, by creating trading bots in MT4. Fxcees has favourable conditions for such setup: ECN acc with zero spreads and fast execution, as well as MT4 full version. How it’s done, you create a robot that based on the data you provide him, basically code into will trade on your behalf. Or another option, is simply purchasing one from Metaquotes website. So, how the strategy itself works- very easy. In the first hour of the London session, you need to find out the current market structure(bullish or bearish). After waiting, of any liquidity sweep or for not enlightened S&R levels and enter once the market structure changes. It’s a high frequency. Many attempts will lead to the overall good win rate.

I feel you 😭 I had the same struggle! As a beginner, I went with the Classic first just to keep things simple—It also has less commissions and allows for bonuses.

Are the ECN spreads always fixed at zero regardless of market conditions? While the idea of zero spreads sounds great, I know some platforms have hidden fees or conditions that apply during high volatility. It would be helpful to know if these spreads stay consistent even during major news events or sudden market shifts. I'd love some clarity on how stable the spread really is.