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fxcc
Number of messages : 36
Points : 1086
Date of Entry : 2015-01-27
Year : 36

FXCC ECN/STP regulated Foreign Exchange Broker

on Wed Feb 25, 2015 12:47 pm
FXCC is a regulated Foreign Exchange Broker that offers a wide range of trading technologies and services. Our ECN/STP business model allows our clients to take advantage of transparent real-time pricing. All our clients have access to a unique Forex Trading environment that offers sophisticated STP (Straight Through Processing) liquidity, execution and trading functionality. Our Non-dealing desk model allows client orders to be executed automatically and instantaneously through our Market network of liquidity providers.

FXCC’s business model (ECN/STP) offers complete anonymity, full transparency, advanced execution, direct and competitive market prices and spreads. This creates a trading environment with no re-quotes and no conflict of interests or bias against any trader or forex trading system including automated systems and forex scalping.


The FXCC Forex Trading Advantage

Our services - for professionals and active traders, hedge funds, money managers and banks - are based on the following main principles:

FXCC’s ECN trading model provides clients with transparent execution and very competitive multibank bid/offer spreads where you can get spreads as low as 1/10 pip on all majors. *

FXCC’s ECN/STP forex model guarantees that all market participants are equal with respect to: instant access to prices provided by leading FX banks.

All clients have equal possibilities to enter bids and offers at, inside or outside the current spread. *
ECN/STP forex trading, forex market, fxcc servers, ECN Trading.

Anonymity on the ECN/STP ensures all clients see the same neutral prices. This ensures that our rates are free from bias potentially introduced by a dealer’s expectation of whether the client is going long or short based on the dealer’s knowledge. When trading through FXCC’s ECN/STP model all orders, stops, and limits reside on the FXCC servers and are sent to liquidity providers as market orders all looking as if they come from one client - FXCC. **

FXCC’s ECN model eliminates conflicts of interest inherent in some other dealing desk platforms. We do not take positions against our clients, we fill client’s orders from the best bid/offer prices available to us from our liquidity providers. A typical dealing desk forex broker profits from your trading losses. FXCC doesn't.

FXCC offers its clients diversified sophisticated and state-of-the-art trading platforms. Our trading platforms were built with the latest technology to ensure our clients receive and enjoy the highest possible level of service. As our client, you can choose the forex trading platform that best fits your needs and particular trading style.

FXCC is regulated by the Cyprus Security and Exchange Commission. One of the many regulatory conditions is the provision of Segregated Accounts. All funds deposited with us by our clients remain in segregated accounts and totally separate from any accounts FXCC maintains. Your peace of mind comes from knowing your forex account funds are safe and you can concentrate on your trading.

As an authorized Cyprus Investment Firm, FXCC is authorised by the FCA as a Financial Services company licensed to operate in the EEA (European Economic Area). Financial Services firms regulated by a member state of the EEA are permitted to offer cross-border services and products to other member states. The FCA (Financial Conduct Authority) maintains a central registry of such firms. Our reference number on the FSA registry is 549790.

ECN Forex Trading

ECN, which stands for Electronic Communication Network, really is the way of the future for the Foreign Exchange Markets. ECN can best be described as a bridge linking smaller market participants with tier-1 liquidity providers through a FOREX ECN Broker.

This linkage is done using sophisticated technology setup named FIX Protocol (Financial Information Exchange Protocol). At one end, the broker obtains liquidity from tier-1 liquidity providers (Major Banks) and makes it available for trading to its clients. On the other side, the broker delivers clients' orders to Liquidity Providers for execution.

An ECN broker benefits from commission fees per transaction. The higher trading volume the broker's clients generate, the higher the broker's profitability.

FXCC ECN Advantages:

Completely Anonymous.All ECN trading activity is totally anonymous. Anonymity enables traders to deal on neutral prices, which reflect the real market conditions only and are not biased against the client's direction based on forex trading strategies, tactics or current market positions.

Instantaneous Trade Execution

Clients trade forex instantly on live streaming, best executable prices with immediate confirmations. FXCC does not provide a "last look" to price makers, so FXCC trades are final and confirmed as soon as they are dealt. There is no dealing desk to intervene, so there are no re-quotes.

Client-to-Bank Trading
The FXCC ECN model allows clients to trade on the global liquidity of world-class banks and qualified financial institutions.

Automated forex Trading/Market Data
Through the use of our API, clients can connect their trading models and risk management systems to our market data feed and matching engine. FXCC's live, neutral, executable market data includes the Best Bid and Best Ask prices at the time. These attributes of our data make it robust in back testing trading models and powering them for live trading.

Variable Spreads
Unlike a dealer, however, FXCC does not control the bid/offer spread and therefore can not provide the same bid/offer spread at all times. FXCC offers variable spreads.

On an ECN, clients have direct access to market prices. Market prices fluctuate reflecting supply and demand, volatility and other conditions. The FXCC ECN enables clients to trade on tight bid/offer spreads, which are as low as 1 pip on all majors in normal market conditions.


FXCC Regulations

  • CySEC. FX CENTRAL CLEARING Ltd is registered under Cyprus Company Law with Registration Number HE 258741.The CySec Regulatory Registration for FX CENTRAL CLEARING Ltd is 121/10.


  • FCA . The Financial Conduct Authority (FCA) is a non-governmental body that independently regulates the financial services industry in the UK.The FCA provides a registry of such authorised firms. 


  • MiFID. FXCC applies the Markets in Financial Instruments Directive (MiFID). MiFID provides a harmonised regulatory environment for investment services across the European Economic Area (EEA).


  • ICF. In compliance with Law 144(I)/2007, the Company is a member of the Investor Compensation Fund (ICF) covering Clients of Cyprus Investment Firms (CIFs). The objective of the ICF is to secure claims by covered Clients against Cyprus Investment Firms through payment of compensation in cases where the member of the Fund is unable to do so from its own resources.


Our Business Model

Unlike most typical forex brokers, FXCC ECN forex broker has No Dealing Desk. Our business model is based on utilizing Straight Through Processing (STP), where all our client's orders are sent to the various premier and leading forex banks and qualified financial institutions that make up our pool of liquidity providers, eliminating the potential for any price or spread manipulations or any conflict of interest.

No Dealing Desk

The table below explains the main differences between an ECN Broker and a traditional forex broker.

FeatureECN Trading ModelFixed Spread Broker PlatformExplanation
AnonymityXOn dealer forex trading platforms, the dealer knows your open positions, trading style and tactics and can use this information to his advantage.
Client-To-Bank
Trading
XOn the FXCC ECN, you can trade instantly on prices streamed by leading FX banks.
Re-quotesXRe-quotes are common in traditional spread trading. FXCC does not re-quote. The platform’s technology and strict price/time dealing protocol are designed to fill your trade at the current market price.
Conflict Of InterestXFXCC doesn’t take positions against its clients at all.
Trading During Economic Releases ?FXCC allows all clients regardless of forex trade size to trade and put in new orders during key economic releases. During these releases, and at times of unusual market volatility, bid/offer spreads are wider than those available during ‘normal’ market conditions.

Client Money Protection

Client Fund Segregation






All client funds are held in segregated accounts, totally separate from any and all FXCC corporate accounts. Our External Auditors are Deloitte, one of the world's leading financial auditors.

Investor Compensation Fund





FXCC is a member of the Investor Compensation Fund (ICF).

Leading Investment Grade Banks





All our client trades are cleared through 14 tier-one banks. FXCC has partnered with some of the world's leading investment grade banks such as Deutsche Bank, J.P. Morgan, UBS and others.

Custodian Bank Services





Protecting Client funds is a top priority at FXCC and our Custodian Bank Services brings new levels of client security. FXCC has custodian service agreements with some of the world’s leading banks, such as Deutsche Bank.
Using our custodian services, you can trade directly with FXCC while keeping your funds in the bank of your choice.
Client Benefits

  • Full transparency
  • Keep your deposits in the bank of your choice
  • Generate interest from those deposits



Investor Compesation Fund

 General Outline of the Investor Compensation Fund
.FX Central Clearing Ltd. (License No. CIF 121/10) is a member of the Investor Compensation Fund (ICF), set up by the Central Bank of Cyprus and the Cyprus Securities and Exchange Commission (CySec) for clients of Cyprus Investment Firms (CIFs).

The Investor Compensation Fund was established to secure the claims of covered clients against a CIF through the payment of compensation in the event that the CIF in question was unable to:

  • return to covered Clients funds owed to them or funds which belong to them but are held by the CIF in the context of providing investment services to the said Clients or
  • hand over to covered Clients financial instruments which belong to them and which the CIF concerned holds, manages or keeps on their account.

Membership of the ICF ensures that clients of FXCC can claim compensation in the event that FXCC is unable to compensate its clients for a claim.
This provides FXCC clients with an extra measure of insurance for their funds.
The ICF does not cover Institutional or Professional investors but only retail Clients of FXCC.
Under the Rules and Regulations of the ICF, the total payable compensation to each covered Client may not exceed €20.000, irrespective of the number of accounts held, currency and place of offering the investment service.

Non-Covered Clients.
Under applicable Regulations the Fund does not compensate the following:
The following categories of institutional and professional investors:

  • Investment Firms (IFs).
  • Legal entities associated with the FXCC and, in general, belonging to the same group of companies.
  • Banks.
  • Cooperative credit institutions.
  • Insurance companies.
  • Collective investment organizations in transferable securities and their management companies.
  • Social insurance institutions and funds.
  • Investors characterized by the FXCC as professionals, upon their request, in accordance with articles 14 and 15 of the Code of Professional Conduct of IFs.
  • States and international organizations.
  • Central, federal, confederate, regional and local administrative authorities.
  • Enterprises associated with FXCC, in accordance with the Fifth Schedule of the Law 144(I).
  • Managerial and administrative staff of FXCC.
  • Shareholders of the FXCC, whose participation directly or indirectly in the capital of FXCC amounts to at least 5% of its share capital, or its partners who are personally liable for the obligations of FXCC, as well as persons responsible for the carrying out of the financial audit of FXCC as provided by the Law, such as its qualified auditors.
  • Investors having in enterprises connected with FXCC and, in general, of the group of companies, to which FXCC belongs, positions or duties corresponding to the ones listed in paragraphs (5) and (6).
  • Second-degree relatives and spouses of the persons listed in paragraphs (5), (6) and (7), as well as third parties acting for the account of these persons.
  • Apart from the investors referred to in subsection (2) of section 55 of the Law 144(I), investors-Clients of a member of the Fund responsible for facts pertaining to the member of the Fund that have caused its financial difficulties or have contributed to the worsening of its financial situation or which have profited from these facts.
  • Investors in the form of a company, which due to its size, is not allowed to draw a summary balance sheet in accordance with the Companies Law or a corresponding law of a Member State of the European Union.



Equinix Data Centre

So you've got the latest and greatest PC. Tons of processor speed, mountains of RAM and the mother of all internet connections. Problem is, your forex trading relies on the technology your forex broker uses to transmit your orders to and from the markets. Slow server speed and latency can eat into your trading profits. In this market, time really is money.


Here at FXCC we pride ourselves on providing the best possible infrastructure for our clients to trade on. The extra mile in infrastructure is the FXCC NY4 Equinix MT4 server.
The Equinix NY4 server facility is located a hop and a skip away from Wall Street, in the heart of New York. Through this server technology, FXCC forex ECN broker participates in the Equinix Financial Exchange. Your trades are now part of a network of trading hubs and bank servers, located in the Equinix data centres.Time really is money in the currency markets and who has the time to wait for slow servers to execute your orders?
NY4 Data Centre from FXCC. The Power To Make You A Part Of The Forex Market.

ACCOUNT TYPE


  • ECN XL.Minimum Deposit/ 500 USD

  • ECN STANDARD.Minimum Deposit / 100 USD
  • ECN ADVANCED.Minimum Deposit / over 100 000 USD
  • Corporate Account.
fxcc
Number of messages : 36
Points : 1086
Date of Entry : 2015-01-27
Year : 36

New MT4

on Thu May 21, 2015 1:20 pm
The new MetaTrader 4 platform build 825 will be released on the 22nd of May 2015, delivering you more top of the line trading tools to put your trading strategy to good use.

Support for MetaTrader 4 client terminal builds below 745 will be discontinued, therefore to ensure you benefit from the latest technology advances, please update your MetaTrader 4 to the latest available build.

Some of the most important features available on the new build include:
-Indicators and EA rentals and purchases through the MetaQuotes portal
-Spread is now displayed for each instrument
-Indicators back testing through the Strategy Tester…and many more.

Trade the financial markets using cutting edge technology, in one of the best investment environments out there – the XL commission and swap free account!
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