WikiFX Broker Assessment Series | Is Fxcess Reliable?

About Fxcess

Fxcess is a financial trading platform headquartered in the United Kingdom. The platform provides its users with a wide range of market instruments to trade, including currency pairs, precious metals, indices, and commodities. New users can familiarize themselves with the platform through its available demo account. Fxcess was registered in Bermuda with a trading experience of 2-5 years.

Is Fxcess Legit？

It operates under the regulation of FCA, though there are suspicions regarding the authenticity of its FCA license. WikiFX has marked this broker as a “Suspected Fake Clone”. We dont advise you to invest in this broker as it is unregulated.

Trading Platform

Fxcess offers two versatile trading platforms:

MetaTrader 4 (MT4): Renowned for stability and automated trading using Expert Advisors, with extensive charting and analysis tools. PMAM: The PMAM platform offers clients an intuitive money management solution with advanced tools for optimum execution. It is one of the most flexible and advanced platforms in the industry. Suitable for both professional traders and money managers.

Choose the platform that suits your trading style and access a wide range of assets with competitive spreads, all in a secure trading environment.

Account Types & Minimum Deposit

Fxcess not only offers demo accounts for prospective traders to familiarize themselves with the platform but also provides an extensive range of benefits when one opts to open an online trading account. Investors can choose between the Classic account offers zero commissions, with competitive spreads and the ECN account offers low to zero spreads with a minor commission fee.

Deposits & Withdrawal

Fxcess provides its users with a diverse array of deposit and withdrawal methods, catering to the varied preferences of its global clientele.

On-Field Survey

WikiFX has sent an investigation team to the physical address of this broker and unfortunately, we didnt find the office of this broker. it is a red flag that traders need to beware of.

Exposure

Recently, we received a complaint against this broker.

Conclusion

Overall, Fxcess strives to provide a user-friendly trading environment for novice and experienced forex traders, with the added advantage of substantial leverage to suit various trading strategies. However, we dont advise you to invest in this broker as it is unregulated and has been given a low WikiFX score.