Forex Fxcess Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

2.4

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 2.6

Business 1.9

Risk Control 2.2

Software 2.9

Regulatory 2.4

Terminal Snapshot

Fxcess Trading Conditions

Registered Region Anguilla

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email N/A

Contact Number N/A

Website www.fxcess.com

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments across multiple asset categories
Multiple account types to cater to different trader needs
Access to the popular MetaTrader 4 trading platform
Instant deposit and withdrawal options available
24/5 dedicated customer support with multilingual assistance

Cons

Not regulated by any recognized financial authority
Limited payment methods (only bank transfers and credit/debit cards)
High risk due to lack of fund protection measures
Limited educational resources for traders
Mixed user reviews regarding customer support and withdrawal processes

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Fxcess	IronFX	Vida Markets	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Anguilla	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	2.4/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Fxcess Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Classic Account	Beginners and casual traders	No commission, variable spreads	Ideal for small-capital practice
ECN Account	Experienced traders	Low to zero spreads, low commission	Requires higher trading volume qualifications

Account Opening Process

To open an account with Fxcess, traders must follow a straightforward process which involves submitting personal, employment, and financial information. Identity verification is a crucial step, requiring the submission of an ID and proof of address. Additionally, traders have the flexibility to upgrade their accounts, such as moving from a Classic to an ECN account as their trading experience and volume increase.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Variable from 1.7	$0 (Classic), $2.25 (ECN per lot per side)	Competitive pricing on popular pairs
CFDs (Stocks, Indices, Commodities)	Variable	$0 (Classic), $4.50 (ECN round-turn)	Includes indices like S&P 500, commodities such as gold and oil
Cryptocurrencies	Variable	$0	Includes major cryptos like BTC and ETH

Other Fees

Traders should be aware of various additional costs associated with trading on Fxcess. These may include deposit and withdrawal fees, inactivity fees, platform usage fees, overnight interest (swap rates), and currency conversion fees. It is advisable for traders to review these potential costs to fully understand their trading expenses.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Fxcess User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Om Prakash C.

Delhi

★ ★ ★ ★ ★

I regret to share that I have become a victim of this broker. When I requested to close my account and process my refund, they refused and instead pressured me to continue trading. I feel completely helpless as my withdrawal request is being delayed with no proper explanation. I strongly suspect this platform is operating without proper regulatory oversight. Please be cautious before depositing any money with this broker.

Ibrahim G.

Toronto

★ ★ ★ ★ ★

I don’t care about paying $4.50 commission per lot round-turn because my strategy relies on trading with narrow spreads, which Fxcess provides. I have been satisfied with the speed of execution, especially during market news releases. Overall, I think it’s a solid platform for scalping, although I would appreciate a few more features.

Neil J.

London

★ ★ ★ ★ ★

My experience with Fxcess has been frustrating. I have made several withdrawal requests, but they keep getting delayed without any clear communication. This has left me feeling anxious about the safety of my funds. I would not recommend this broker based on my experience.

Cameron I.

New York

★ ★ ★ ★ ★

I’ve been using Fxcess for about a year now, and I have nothing but good things to say. Withdrawals are instant, which is a huge relief for me. The customer service is responsive, and I appreciate the ease of use of the platform. Overall, a great trading experience!

Anguilla Market