Score

2.87 /10
Danger

FXCE

Saint Vincent and the Grenadines

2-5 years

Regulated in Malaysia

Common Business Registration

MT5 Full License

Suspicious Overrun

Medium potential risk

C

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Comparison

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Exposure

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Website

Score

Regulatory Index1.25

Business Index6.59

Risk Management Index0.00

Software Index8.43

License Index1.25

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
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Broker Information

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Company Name

FXCE LLC

Company Abbreviation

FXCE

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-11
  • This broker exceeds the business scope regulated by Malaysia LFSA(license number: LL18960)Business Registration Non-Forex License. Please be aware of the risk!

WikiFX Verification

FXCE · Company summary
FXCE Review Summary
Founded2020
Registered Country/RegionSaint Vincent and the Grenadines
RegulationLFSA (Exceeded)
Market InstrumentsForex, Indices, Shares, CFDs, Precious Metals, Commodities, Cryptocurrencies
Demo Account
LeverageUp to 1:1000
SpreadFrom 0.0 pips (ECN account)
Trading PlatformMetaTrader 4/5
Min Deposit$10
Customer SupportPhone: +6087 586870
Email: support@fxceltd.com
Address: Lot A020, Level 1, Podium Level, Financial Park, Jalan Merdeka, 87000 Labuan F.T., Malaysia

FXCE Information

With access to around 300+ assets including forex, indices, and cryptocurrencies, FXCE presents attractive trading conditions. Through its four account forms and high leverage options, it appeals to a broad spectrum of traders.

FXCE Information

Pros and Cons

Pros Cons
Wide range of financial instrumentsLimited regulatory oversight
High leverage up to 1:1000Offshore registration poses risks
No deposit/withdrawal feesCommon Business Registration not suitable for forex
Advanced trading platforms (MT4/MT5)

Is FXCE Legit?

FXCE Limited is not entirely legitimate for trading forex. Although registered under license number LL18960 with the Labuan Financial Services Authority (LFSA) in Malaysia, the license type is Common Business Registration, which does not authorise forex or financial services activity.

Is FXCE Legit?

What Can I Trade on FXCE?

With more than 300 products for trading, FXCE gives access to a varied spectrum of financial instruments. These fit traders looking for worldwide financial market exposure since they feature 60+ currencies pairings, commodities, indices, share CFDs, precious metals, and cryptocurrencies.

Tradable Instruments Supported
Forex
Indices
Shares
CFDs
Precious Metals
Commodities
Cryptocurrencies
What Can I Trade on FXCE?

Account Types

Four primary types of accounts provided by FXCE satisfy various trading requirements and degree of experience. Though no particular reference of an Islamic account is made, a practicing demo account is provided.

DetailsDemoCentStandardECN
Spread0.01From 1.0 pipFrom 1.0 pipFrom 0.0 pip
Maximum Leverage1:10001:10001:5001:500
Minimum Deposit$0$10$50$50
Maximum DepositUnlimited$5,000UnlimitedUnlimited
Margin Call50%50%50%50%
Stop Out30%30%30%30%
Commission$0$0$0$7
Suitable ForBeginners practicing tradingNew traders with small investmentsIntermediate tradersExperienced traders needing tighter spreads and lower latency

Leverage

Depending on the kind of account, FXCE offers up to 1:1000 maximum leverage.

FXCE Fees

Particularly with its ECN account offering spreads from 0.0 pips and minimal commission rates, FXCE's fees are inexpensive relative to industry norms. For traders, meanwhile, the lack of inactivity fees and low deposit/withdrawal expenses adds to its appeal.

Account TypeSpreadCommission
Demo0.01$0
CentFrom 1.0 pip$0
StandardFrom 1.0 pip$0
ECNFrom 0.0 pip$7 per lot

Non-Trading Fees

Non-trading Fees
Deposit FeeFree
Withdrawal FeeFree (intermediary fees may apply)
Inactivity FeeNone

Trading Platform

Trading PlatformSupported Available Devices Suitable for what kind of traders
MetaTrader 4/5iOS, Android, Windows, MacAdvanced technical traders, automated trading
Trading Platform

Deposit and Withdrawal

FXCE does not charge any deposit or withdrawal fees, making transactions cost-effective for its users. The minimum deposit is $10, and withdrawals are processed securely via the 9 Pay payment gateway or traditional banking methods.

MethodTransaction TypeCurrencyMin. Deposit/WithdrawalFeesProcessing Time
9Pay Payment GatewayDeposit & WithdrawalUSD/VND$10FreeInstant (Deposit) / Upon Approval (Withdrawal)
Bank TransferDeposit & WithdrawalUSD$10Free (intermediary fees may apply)1-3 Business Days
Credit/Debit CardDepositUSD$10FreeInstant

User Reviews

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User comment

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Comments

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Bodder
more than one year
FXCE really impressed me with their demo account and deposit/withdrawal process. The demo account is easy to use and helps traders get a feel for the platform, and the deposit and withdrawal process is quick and efficient.
FXCE really impressed me with their demo account and deposit/withdrawal process. The demo account is easy to use and helps traders get a feel for the platform, and the deposit and withdrawal process is quick and efficient.
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2024-07-23 18:44
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Kim Min-jae
more than one year
With FXCE, I feel like I have more control over my trades. It provides advanced charting tools for technical analysis. 💯
With FXCE, I feel like I have more control over my trades. It provides advanced charting tools for technical analysis. 💯
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2024-06-28 15:01
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