FXVC Review

Review sections

• Investor Protection & Regulations
• Tradable Products
• Account Opening
• Deposit & Withdrawals options
• Web & Desktop Trading Platforms
• Mobile Trading Platforms
• Trading Features
• Commissions & Spreads
• Bonus & Promotions
• Customer Support
• Research
• Trader Education
• Trading Experience
• FAQ
• Conclusion

FXVC Video Review

Investor Protection & Regulations

“FXVC is authorised and regulated by the Cyprus Securities and Exchange Commission under the name Centralspot Trading Limited.”

FXVC is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the name Centralspot Trading Limited, as confirmed on the CySEC register below:

The broker offers further protection to clients through regulatory laws enforced by CySEC which includes segregating client funds from company funds and offering a negative balance protection policy for retail clients. The company is also a member of the Investor Compensation Fund.

FXVC does not accept clients from a range of different countries such as Australia, Asia, USA, Africa (excluding South Africa).

Tradable Products

“FXVC offers users the ability to trade on more than 250+ financial CFD financial instruments covering Forex, Stocks, Indices, Cryptocurrencies and Commodities.”

FXVC offers users the ability to trade on more than 250+ financial CFD financial instruments covering Forex, Stocks, Indices, Cryptocurrencies and Commodities. Below is a list of just some of the available markets for trading:

* Details regarding the available assets are taken from the FXVC website and trading platform and are correct at the time of this review.

Trading costs such as spreads, commissions and overnight funding (swap) rates vary depending on the instrument being traded and account type opened are covered further down this review.

Account Opening

“FXVC offers five types of trading accounts called Bronze, Silver, Gold, Platinum and VIP but unfortunately no demo trading account. Each comes with different features and benefits.”

FXVC offers five account types, each offering different features and benefits as highlighted below.

The Bronze account has the lowest minimum deposit of 250 EUR, with the VIP account the highest at 250,000 EUR. The higher the minimum deposit the bigger the discount on trading commissions and the more services that are offered such as more lessons in the One on One Academy. More features are listed on the broker’s website. Unfortunately, no demo trading account is offered.

To open an account, users simply need to click ‘Open an Account’ on the broker’s homepage and begin the application process which first asks for name, country, phone, email and password as well as the agreement of the broker’s User Agreement and Risk Disclosure Notice.corporate).

Users will then be redirected to start an 11-step questionnaire process which asks for name, address, level of trading experience and a list of different trading questions to test the user’s knowledge before a source of funds questionnaire. Once this has been filled out, users need to accept all the different PDF policies. This will then login users to the trading platform. To start trading accounts need to be verified according to KYC policies. This requires proof of identity and proof of address, as shown below:

The broker also provides accounts for those categorised as Professional traders which allows for higher leverage and some protections that will still be kept in place such as best execution policy, negative balance protection and segregation of client funds.

Deposit & Withdrawals options

“FXVC offers users the ability to deposit and withdraw funds using a variety of methods which include bank wire transfer, credit/debit cards, PayPal, Skrill, Paysafecard, Ideal, Sofort, Trustly, Neteller, EuTeller, EPS and Giropay.”

FXVC offers users the ability to deposit funds commission-free in EUR / USD / GBP, from the following methods: Visa, Mastercard, Maestro, PayPal, Skrill, Paysafecard, Ideal, Sofort, Wire Transfer, Trustly, Netller, EuTeller, EPS and Giropay. Most methods have instant funding times with wire transfer 2-5 business days.

Users can also withdraw funds via the following methods: Visa, Mastercard, Maestro, Wire Transfer, PayPal, Skrill, Paysafecard, Ideal, Neteller and Trustly. The minimum amount users can withdraw is 35 EUR / USD / GBP with processing times of 24 hours.

Web & Desktop Trading Platforms

“FXVC offers users the ability to trade on its own proprietary, web-based trading platform.”

FXVC offers users the ability to trade on its own proprietary, web-based trading platform. The platform comes with different features and benefits, such as:

• Simple to use and navigate.
• Can trade on multiple asset classes.
• A range of viewable chart styles and timeframes.
• Access different technical trading indicators.
• Clean and simple charting capabilities.

From the broker’s online, web platform users can trade as well as manage their accounts. The FXVC trading platform is covered in more detail in the video review. A screenshot of the platform is shown below:

Mobile Trading Platforms

“FXVC does not offer a mobile trading app but users can login to the web-based trading platform via their mobile phone browser.”

FXVC does not offer a mobile trading app but users can login to the web-based trading platform via their mobile phone browser. This means users can access all of the features of the online web trading platform directly from their phone and when on the move.

Trading Features

“FXVC does not offer any additional trading features beyond what is available in the broker’s online trading platform.”

FXVC does not offer any additional trading features beyond what is available in the broker’s online trading platform.

Commissions & Spreads

“Trading costs with FXVC differ depending on the asset class and account type opened. Trading is generally commission-free with just spreads and swaps payable.”

Trading costs with FXVC differ depending on the asset class and account type opened. Trading is generally commission-free with just spreads and swaps payable. However, these differ depending on which type of account is opened.

The broker provides detailed information regarding the spreads and overnight funding charges for different instruments available to trade on via the Basic, Bronze, Silver, Gold, Platinum and VIP accounts, as shown below:

Forex Trading

Commodity Trading

Indices Trading

Cryptocurrency Trading

If no trading or deposits have been made for more than 30 days the company will charge an inactive account fee of 79 EUR / USD / GBP per month.

Bonus & Promotions

“In accordance with regulatory restrictions, FXVC does not offer any bonuses or promotions.’’

In accordance with regulatory restrictions, FXVC does not offer any bonuses or promotions.

Customer Support

“FXVC offers customer support Monday to Friday between 06:00 – 20:00 GMT via Live Chat, Telephone, Email and an Online Contact Form. They also provide an FAQ section.”

FXVC offers customer support Monday to Friday between 06:00 – 20:00 GMT via Live Chat, Telephone, Email and an Online Contact Form. The broker also provides access to an FAQ section which covers Funding, Open Account, Platform, Support and Trading categories.

After logging into the Live Chat, an agent was not available during the given times but the feature did allow for an email to be sent for contact back.

Contact Information:

• Address: Gladstonos 110, Limassol, Cyprus
• Email: support@fxvc.eu
• Phone: 0035725123088
• Social Media: LinkedIn

Research

“FXVC offers Market Buzz but only to Silver, Gold, Platinum and VIP account holders, with 10,000 EUR minimum deposit. Otherwise they do offer Analyst Views from Trading Central and an Economic Calendar.’’

FXVC offers Market Buzz but only to Silver, Gold, Platinum and VIP account holders, with 10,000 EUR minimum deposit. However, the broker does offer Analyst Views which is technical analysis on a range of different asset classes provided by Trading Central.

Users can also access an Economic Calendar directly from the broker’s website.

Trader Education

“FXVC provides Education on Demand from Trading Central which are videos covering different trading topics.’’

FXVC provides Education on Demand from Trading Central which are videos covering different trading topics. Topics depend on the level of the trader: Basic Building Blocks, Level 1 and Level 2. Through these videos they cover a wide variety of technical analysis concepts, as shown below.

A full list of topics covered can be found on the broker’s website.

Trading Experience

“FXVC provides a simple trading offering most suited to beginner traders to trade with a CySEC regulated broker on more than 250+ financial CFD instruments on an easy to use web-based trading platform.”

From our observations, FXVC provides a simple trading offering to trade with a CySEC regulated broker on more than 250+ financial CFD instruments covering Forex, Stocks, Indices, Commodities and Cryptocurrencies.

Users can choose from five different types of trading accounts. The best features and biggest spread discounts do require high minimum deposits. However, traders may enjoy the access to a wide range of informative trader education videos provided by Trading Central. Unfortunately, the broker does not offer a demo trading account but the minimum deposit for a Bronze account is 250 EUR.

FAQ

Is FXVC regulated?

Yes, by CySEC.

Where is FXVC based?

FXVC’s headquarters is based at Gladstonos 110, Limassol, Cyprus.

How does FXVC make money?

FXVC makes money mainly through spreads and swaps on certain trading accounts and asset classes.

How do I deposit in FXVC account?

Funds can be deposited into a trading account via Visa, Mastercard, Maestro, PayPal, Skrill, Paysafecard, Ideal, Sofort, Wire Transfer, Trustly, Netller, EuTeller, EPS and Giropay.

What is the min. deposit for FXVC?

The minimum deposit is 250 EUR.

How do I withdraw money from FXVC?

Withdrawals can be made from FXVC via Visa, Mastercard, Maestro, Wire Transfer, PayPal, Skrill, Paysafecard, Ideal, Neteller and Trustly.

What is the max leverage in FXVC?

The maximum leverage offered by FXVC is 30:1 for retail traders.

How do I open an account with FXVC?

An account can be opened at the click of a button on the FXVC website and can be done in just a few steps.

Does FXVC use MetaTrader?

No.

Conclusion

“FXVC is a CySEC Forex and CFD broker offering to trade on 250+ financial instruments covering Forex, Commodities, Crypto, Stocks and Indices on its own proprietary, web-based trading platform.”

FXVC was founded in 2018 and is an official Leeds United Platinum Partner. The broker is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under Centralspot Trading Limited.

The broker offers users the ability to trade on more than 250+ financial CFD instruments covering Forex, Commodities, Crypto, Stocks and Indices on its own proprietary, web-based trading platform which allows for fully customisable charts, high-speed execution and innovative trading tools.

Users can choose from five different account types called Bronze, Silver, Gold, Platinum and VIP. Each one comes with different minimum deposit amounts and features and benefits such as higher trading commission discounts and access to trading signals and other resources.

The broker offers a range of different trader research and education tools which includes an Economic Calendar, Web TV, Market Buzz, Education on Demand, Analyst Views, eBooks and more. However, these are only for registered clients. Users can contact customer support via live chat, email, telephone and an online contact form.

• CySEC regulated.
• Simple and easy to use web-based trading platform.
• 250+ financial CFD instruments to trade on.
• Good range of trader education tools and resources.