FXCess
Questions & Answers

Gave fxcess a try and it’s kinda like that unexpectedly chill friend who you can call for a backup ;). Spreads are decent, and execution is quick enough that I don’t have to meditate while waiting, and the mt4 platform runs well..., Sure, sometimes my wifi acts like it’s powered by gremlins hah but that’s on me. Overall trading here feels like a fun ride with fewer jump-scares than you might expect...

Not the biggest collection that you probably can imagine, but all big caps and famous names are there. Unless you don’t want to trade some Artic stocks (if they even exist), I think you found what you’re looking for at fxcess. Didn’t count the total number, for forex broker looked decent, though. Just note, these are cfds on stocks, not actually stocks, where you get dividends paid from ownership.

I’m not sure… I traded mainly on their ecn accounts, implementing my EAs, being involved in algo trading. So, never checked what the trading central and how to use it… But still I heard smth about its availability on mt4 and since every account here uses mt4 only, it has to be present at any account. All you have to do is to deposit a certain amount to use and actively trade to use its insights.

Well, there are two accnt types from Fxcess: classic and ECN. The fromer speaks for itelsef, comes with classic conditions :), the thing is that it spreads there are floating and on averge might be 1.6, but depends on the situaition of couse, sometimes if it is too volatile, the spreads widens, which is a normal situation for trading. As for leverage, here it will be x1000, which is huge. And I woild not recommend you to use it fully, now the markets are too unpredictable, too many ups and downs... As for ECN, then the spreads start from 0, however there is a comission $4.5 per lot round-turn. U might say why so high fees, but think about that razer thin spreads, if you r right and the trade goes in your planned direction, the costs will be nothing... The leverage here is x500, which is again, sufficiently high. ALso, notice that swap free feature is available only for classic accnt, take that into account. Both account comes with dedicated account manager availalbe 24/5, that is a great customer support.

Yes, you can surely use them, and they are called EAs on MT4. It's just my subjective opinion, but relying too much on EA's can be disappointing, becasue I think the history shows us that human analysis is the best. Because if there was a bot whcih is capable of bringing stable income through the months, everybody would have switched to it and everybody would have been a winner in the market, but still, there's nothing like it.

You typically look for one with tighter spreads and moderate leverage in such cases - they offer ECN acc so have a look at that. If you do trades not so often - standard can work ok too, but I'd consider ECN cause its usually smoother for breakouts

For me, there is no single thing I guess, everything works here, maybe this could be the answer. For example, I dont do anything extraordinary, I just swing trade on Mt4 and I have my classic account. When I fulfill my plan I just request withdrawals and it comes through, and then it's all over again, so I guess stability of the broker is what keeps me here as a client.

If you know what you are doing and you just need more flexibility to be able to improve your volume, then you can use the power bonus which is gonna be +40% on your account. However, if you are still learning, then I would go for sharing bonus, becasue it would share your losses as well as your wins.

Bonuses, they boost your deposit and give enough confidence to trade successfully and with less risks not abusing high leverage. I personally received a 100% sharing bonus, however, you have to keep in mind that there are some strict terms and conditions that you have to meet.