FXCess is one of the brands under Notesco Limited, a brokerage that was registered in Cyprus on May 23, 2016. It primarily offers financial trading services in forex, metals, indices, commodities, futures, and stocks to investors. FXCess does not provide services to residents of certain jurisdictions, including the United States, Iran, Cuba, Sudan, Syria, and North Korea.
Corporate Registration and Regulatory Status:
FXCess's registered entity in Bermuda is Notesco Limited, with the company's registered address at Nineteen, Second Floor #19 Queen Street, Hamilton HM 11, Bermuda, and a registration number of 51491. Upon verification, this entity does not have valid regulation. Notesco Limited operates multiple brokerage brand websites, including www.fxgiants.com, www.fxcess.com, www.fxcess-id.com, www.ironfx.com, www.ironfxcn.com, and www.fxlift.com.
According to Whois information, the official domain names of this brokerage brand were registered on September 20, 2018, and July 20, 2022.
Account Opening:
To open an account with FXCess: Visit the broker's official website and click on “OPEN LIVE ACCOUNT” on the homepage or “Register” at the top right corner of the webpage. Enter the required information following the steps and submit. Once submitted, the account is successfully registered. After logging in, users can deposit and trade.
Account Types:
FXCess offers demo trading accounts and two types of real trading accounts: Classic Account and ECN Account.
- Classic Account: The minimum deposit for this account is $10, supporting EUR, GBP, JPY, USD, NGN, etc., as base currencies. Spreads start from 1.7 pips, with a maximum leverage of 1:1000. The minimum trade size is 0.01 lots, and the contract size is 1 lot = 100,000. No trading commission is charged, and it offers Islamic accounts and 24/5 dedicated account manager services.
- ECN Account: The minimum deposit for this account is $10, supporting currencies like EUR, GBP, JPY, USD, NGN, etc. Spreads start from 0 pips, with a maximum leverage of 1:500. The minimum trade size is 0.01 lots, and the contract size is 1 lot = 100,000. A commission of $4.5 per lot per side is charged, and it offers Islamic accounts and 24/5 dedicated account manager services.
Trading Platform:
FXCess provides the MT4 trading platform, with servers offered by Notesco Limited.
Deposits and Withdrawals:
FXCess supports deposits and withdrawals via credit/debit cards and bank wire transfers.
Summary:
Traderknows reminds investors that FXCess lacks valid regulation and advises investors to choose strongly regulated trading platforms to avoid unnecessary financial losses.
Currently, this broker is marked as “suspected of fraud” on Traderknows.
