Is FXCess Reliable: An In-Depth Trading Service Review

Is FXCess a reliable broker? That's what we're here to find out today!

In the forex and CFD world, new brokers are popping up left and right.

That's great for traders, as it means more options, more chances to streamline their trading routines, and more ways to shape their experience to their preferences.

However, it also has a hidden downside.

With so many brokers present, it's easy to get swept up by false promises and commit to an underwhelming service, thus reducing your trading performance. In fact, many new brokers don't really offer anything new and are there for their proverbial piece of the pie.

So, let's look at FXCess' conditions to figure out whether it's a rising star or just one of the many.

Is FXCess Reliable – A Security Review

The first thing traders want to know is whether the service they are using is secure. Many have been burned in the past by malicious brokers, and these are a constant threat in the trading world.

FXCess, however, doesn't show any of the usual warning signs. The services are clearly laid out, and traders can inspect everything, from the platforms to the instruments and supplementary services, before signing up. Already, that's nearly enough to call FXCess reliable.

It also has a solid support setup for traders who run into problems. This makes the entire trading process smoother and less frustrating.

Other than that, the security setup is fairly common, with encryption to prevent outside influence and KYC to keep the trading community clean. Altogether, this is a solid security structure that implies the broker is aiming for a healthy, long-lasting service.

FXCess Instruments

Trading assets are the core of any trading service. After all, if you can't access the instruments you want to trade, the greatest conditions in the world won't help. It's a huge part of making FXCess reliable.

As a forex and CFD broker, FXCess provides a good number of over 300 instruments. This is enough to cover all forex majors and minors with a solid amount of exotics, along with a varied selection of CFDs. In other words, the assets should cover the preferences of most traders.

The following categories are available:

• Forex
• Indices
• Shares
• Metals
• Commodities
• Futures

FXCess Platform Review

The next part of figuring out is FXCess reliable is looking at the trading software it provides. Traders spend most of their trading hours on their platforms, after all, and providing a solid experience is crucial.

Luckily, FXCess provides MetaTrader 4, the world's most renowned forex and CFD platform. It's simple to learn and provides great usability, lending itself to traders of all experience levels. Is FXCess reliable? The question becomes easy to answer with such a powerful platform.

Key features include:

• Over 30 Indicators
• EAs for feature enhancement and automated trading
• Strategy tester for backtesting
• Marketplace with custom user-made tools
• MQL4 programming language for tool creation
• Multiple order types and execution modes
• Mobile version for easier access

Additional Tools That Make FXCess Reliable

While MetaTrader 4 does offer a great experience, it's also fairly universal in the trading world and not enough to stand out. Luckily, FXCess has additional tools in its arsenal that allow it to transcend traditional brokers.

The first is the Personal Multi Account Manager (PMAM) platform. This is a feature that pro traders and account managers use to manage multiple accounts in a single master account. With it, it's easy to balance equity, place orders, and report activity across different accounts.

On top of that, there's the Trading Central addon, further making FXCess reliable. This is meant for individual traders instead, significantly boosting their trading prowess.

Trading Central comes with thousands of indicators, Market Buzz and other sentiment tools, AI-based insights, and much more. Overall, for those who want to understand markets and strategise, this addon lets them go much further in depth.

FXCess Accounts

FXCess has two accounts that cover different trading niches and price structures. One is a fairly standard floating spread account called Classic, and the second is the aptly named ECN account.

So is FXCess reliable when it comes to accounts? While there's little variety, there's little need for it. It didn't bloat its service with multiple similar options like brokers often do, but each of the two does its job well, which is what's really important.

Both accounts share some features:

• Flexible leverage (although Classic offers a higher degree)
• $10 minimum
• Dedicated account manager available 24/5
• Minimum lot and increments at 0.01 pips

Where they differ is, of course, the price structure, where Classic has spreads and zero flat fees, and ECN is the other way around. Additionally, the Classic option allows Islamic accounts and bonuses, while ECN does not.

FXCess Bonuses

While the answer to “Is FXCess reliable?” is fairly clear by now, there's more to cover. The bonuses are there to enhance the experience and allow traders to trade with larger capital.

• 100% Sharing Bonus – Doubles trader credits while halving wins and losses, leaving P/L ratios the same
• 40% Power Bonus – A similar bonus to the last one, but with a smaller percentage, allowing traders a more realistic insight into their capital
• Credit Bonus – Gives traders up to 60% of their deposits as trading credits, letting them take larger positions

It's important to note that these bonuses cannot be withdrawn, and that traders should inspect the terms and conditions outlined on the broker's website to avoid misunderstandings.

Is FXCess Reliable? The Conclusion

With the points covered in this review, there can be little doubt about FXCess' reliability. It's a broker that puts forward strong, trader-focused conditions aimed at making the trading process efficient, flexible, and comfortable.

It supports that with quality support and a strong focus on community, which firmly secures its position as one of the most interesting newer brokers. For those who want a fresh and powerful experience, FXCess may be the trading hub they were looking for.

Terms & Conditions apply. Bonus cannot be withdrawn.
All trading involves risk. It is possible to lose all your capital. You should consider whether you can afford to take the high risk of losing your money.