FXCess
Questions & Answers

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.

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.