FXVC is a leading online trading brokerage when it comes to CFDs and covers a vast selection of financial markets, such as indices, stocks, commodities, forex, and cryptocurrencies. The company was initially established in 2014 and strives to treat every investor and trader with the upmost respect. It’s for this very reason that the company has a strong emphasis on providing transparent and secure trading services along with a superior customer support desk.
FXVC is operated and owned by Central Spot Trading Limited with their headquarters situated in Lophitis Business Centre, Cyprus. The minimum deposit to start trading at FXVC is $500 and offers a leverage of up to 1:30, while spreads start from 0.1 pip. The company also boasts with an extraordinary selection of trading instruments, including five cryptocurrencies, over 200 different stock options, five indices, 11 commodities, and 45 forex currency pairs. Traders can choose from 5 different account types and a great selection of payment methods. The only downside to FXVC is the fact that the site does not offer any promotions or bonuses to new or existing clients.
Licensing and Regulation
FXVC is essentially a trading brand of Centralspot Trading Limited which is regulated and authorised by CySEC (Cyprus Securities and Exchange Commission). This is extremely good news for traders around the world as excellent regulation is the most important aspect when it comes to investment safety. CySEC, along with the United Kingdom’s Financial Conduct Authority and the Securities and Investment Commission in Australia are considered the most reputable financial watchdogs in the industry.
The brokers that are regulated by CySEC are obligated to maintain a minimum of $730,000 in operational capital and keep all client funds in a protected and segregated account. In addition, the FXVC needs to partake in the Investor Compensation Fund which is an insurance scheme, guaranteeing up to $20,000 of traders capital in case the company goes bankrupt.
The FXVC brand offers a terrific mobile app that can be downloaded directly for Android users via the Google Play Store and for iOS users via the Apple App Store. However, for those that are not interested in using the mobile apps from FXVC will be pleased to know that the trading platform is fully optimized and compatible to function perfectly on mobile devices. This is carried out via mobile web browsers such as Safari, Google Chrome, or Mozilla Firefox. The mobile version of the site, and the mobile apps from FXVC, function in the same manner as the desktop version and includes all trading tools and features you would find on the desktop counterpart.
Brand & Functionality
Online trading brokerage form, FXVC, is a reliable and competent CFDs broker, providing full access to a vast selection of financial assets. The company is well-established and has been providing its services and products to clients since its inception in 2014. FXVC has managed to build a significant following in Europe as well as other parts of the world. The company has a strong emphasis on customer satisfaction and continuously strives to offer the best customer support and experience.
The brokerage comes equipped with its own proprietary trading platform. However, it does lack the popular MT4 trading platform that is renowned in the financial trading industry. Thankfully, the FXVC platform is sufficient enough to accommodate the needs of most traders. The only downside to FXVC is their high trading fees. The brand’s functionality is exceptional, and the site offers everything you need to trade successfully online.
Registering an account with FXVC only takes a few minutes before you can start trading online. Traders simply need to look for the blue “Open an Account” tab located in the top right-hand corner of the FXVC homepage to start the registration process. This will provide a new page where traders provide their name, country of residence, telephone number, email address and create their own unique password. Once all details are entered, you will be taken to an investor questionnaire where you will need to provide your personal details. This includes title, first name, family name, date of birth, and nationality. You will also need to provide your level of education, employment status, profession, annual income, total net worth, and source of funds. The second step of the investor questionnaire includes your trading knowledge and experience, as well as your objectives. The last step of the investor questionnaire will request your current residence address, your place of birth and documents to verify your details. Finally, you will be requested to acknowledge you understand the terms and conditions of FXVC. Once all the steps are completed on the investor questionnaire, you are more than welcome to fund your account.
Once your account is registered, you will need to locate the “Deposit” tab which is presented in bright green. You will then be taken to the banking section of FXVC where you will be presented with a wide range of deposit methods to fund your FXVC account. The deposit methods include Bank Wire Transfer, Electronic Funds Transfer, Skrill, Mastercard, and Visa. The minimum deposit at FXVC is $500, regardless of the deposit method you wish to use. Simply select the deposit method of your choice, provide the necessary details within the banking section and include the amount you wish to deposit on your account. All deposits made at FXVC are instant, and there are no hidden fees when it comes to making a deposit.
FXVC does a fantastic job to ensure every trader is well accommodated for and they achieve this by offering five different account types on their site. Each account comes equipped with different parameters, features, and trading conditions to attract different traders from across the globe. The five account types include Basic, Silver, Gold, Platinum, and VIP.
The basic account requires a minimum deposit of $500 and provides widget analysis research alerts. The silver account will require a minimum deposit of $5,000 and offers personalised education, email analysis research alerts, weekly/daily market reviews, Forex videos and e-books, and widget analysis research alerts. The gold account will require a minimum deposit of $10,000 and will come equipped with all the features on the silver account along with SMS analysis research alerts. The platinum account requires a minimum deposit of $25,000 and offers educational courses, a loyalty store, lower spreads and all the features of the gold account. Lastly, the VIP account requires a minimum deposit of $100,000 and comes with additional educational courses along with all the features from the platinum account.
FXVC boasts with one of the fastest executions in the industry thanks to using a low latency environment combined with the company’s extensive price feeds. This allows clients to execute their trading plans with precision. The company also impresses with extremely tight spreads from as low as 0.0.
As previously mentioned, the banking section at FXVC offers a wide variety of payment methods that can be used for both deposits and withdrawals. The banking section is safe and secure which is accomplished by the latest encryption technology to ensure clients’ financial and personal information is kept safe from hackers. The processing times for all deposits occur instantly, while withdrawals can take up to 24 hours to be processed by the company. Thereafter, it will greatly depends on your preferred payment method. Credit card payments can take between 3 to 5 working days and e-wallets up to 48 hours once the transaction has been processed.
FXVC further impresses with a phenomenal customer support desk that is available from Monday to Friday, 03:00 am to 17:00 pm. You can reach a representative through several contact channels, including email, telephone, and a live chat facility. You can also visit the site directly to fill in a questionnaire where a representative will get back to you within 24 hours. The site also comes equipped with a FAQ section which is quite comprehensive along with video courses and e-books to assist you with trading online.
FXVC offers its own proprietary platform for trading that is completely web-based. The platform can be accessed by any browser on any desktop or mobile device. Regardless of where you are located, as long as you have the internet and a desktop or mobile device, you can trade on FXVC. The trading platform is extremely well designed and can accommodate the needs of both experienced and beginner traders. It offers an easy to use and simplistic user-interface featuring an incredible charting package that is capable of advanced technical analysis. It also has the ability to utilise several technical indicators, drawing tools, time frames, and chart types. It can also facilitate one-click trading and supports several order types for added convenience.