FXCess Questions & Answers

There are not that many account types here. Of course, I would recommend Cent account. With using 1-200,1-300 leverage max, not going all the way to the 1-1000. One problem with it is, you can't practice on Demo account for it. Demo accounts exist only for ECN and Classic. The difference between Cent and Classic is not huge, but for a beginner, it's still confusing, the numbers can get the better of you and you will trade with old lot values for example. Will take a few hours to adjust, and those could be scary hours. Fortunately, Fxcess allows openign multiple accounts, both as Demo and as real ones. So personally if I didn't know how to trade, I would open both Cent and Classic, and trade with small amounts in each one, to see which one feels better to me.

If you are patient and have good reaction, you can try doing scalping. Regarding assets, choosing something too volatile can be dangerous with scalping, but achievable. But you gotta get used to scalping...

Yup, and I would say it is much better than the MT4 mobile app. Regarding the execution and performance, there is almost no difference. Both are doing great. But their custom app has a better design and interface. Also, one significant advantage is that this app gives you access to your account, and you can make deposits or withdrawals. Through MT4, this is not possible.

I think it depends on what trading strategies you prefer. If you are a rookie I don't think it is necessary to use PMAM functionality but if you are an experienced trader and already have your own trading system, it can be very helpful cuz you can manage positions and orders quickly and trade with multiple accounts with ease.😜

Amount of commissions depends on what type of account you want to open. If you will chose Classic account, then you will not have any commissions. Broker created commission-free conditions for this type of account. If you will chose ECN account, then you will have some commissions. Broker set commissions of $4.5 per lot round-turn. If explain it in simple words, then if you trade a 1.00 lot, your commission will be $4.5 And if you trade, for example, 0.01 lots, commission will be $0.04 As you can see, when trading the smallest lot, commission is only 4 cents.

Always and everywhere there are traders who don't have enough financial instruments. You probably know them. They trade a large number of orders on all possible financial instruments. But I belong to those traders who use only 2 - 3 financial instruments in trading. For me trading conditions are more valuable than a variety of assets. Although this broker has both and excellent. So, I trade only a few instruments and it allows me to analyze them in more detail and make more correct trading decisions.

Well, if your goal is to trade positionally then take ECN account. This way you won't spend a fortune on commissions per deal and at the same time you will have the tightest spreads possible. On the other hand Classic is a staple that is suitable for the majority of traders out there.

Hmm, maybe I misunderstood your question, but nevertheless I know what to offer you. PMAM account management system is most likely what you are looking for. I know that experienced traders use this service here to manage their clients' accounts. Or rather, those traders who have entrusted their trading to such pro trader. This broker also has affiliate program, but I don't think that's what you're interested in. Most likely, PMAM is realy what you are looking for.

I'd say maybe futures I haven't seen futures before. Although it's also maybe because of the lack of experience.

You don't have to be a chef to say the food tastes good, or salty :D The same logic with brokers, if you see good conditions, you say it's good isn't it:) Fxcess has nice conditions, cuz they have narrow spreads and small commission, so here you go!