FXC Information
FXC is an unregulated brokerage company registered in the United Arab Emirates. This firm specializes in providing investment solutions for precious metals, including gold and silver. FXC has 18 years of experience in the financial market with 24/7 customer support. However, this firm does not provide other investment options. And lack of transparency about trading fees is another drawback.
Pros and Cons
Is FXC Legit？
FXC operates without regulation from any recognized financial authority. Engaging with an unregulated broker like FXC carries substantial risks, and investors should be aware of the potential consequences before depositing funds.
What Can I Trade on FXC？
You can only trade precious metals with FXC. Compared to other online brokerages, FXC doesn't offer as many ways to invest. For example, if you want to trade cryptocurrency, stocks, or ETFs, you won't be able to do that here.
Whether this is a pro or con for you depends on your investment strategy. If you're a trader focused on gold and silver, for example, then you may be fine with FXC. And gold has historically been an excellent hedge against inflation. On the other hand, if you prefer a diversified portfolio to help manage risk, other brokerages with more investment choices may be more suitable for you.
Trading Platform
FXC offers Web Trader for beginners and seasoned investors. This firm boasts its safty and security with their customer-oriented professionals. Currently mobile version of the platform is not available. But you can track your application status in real time with iOS and Play store apps in future (coming soon).
Customer Support Options
For any question you might have, help is available 24/7 by online chat, phone (+971 4 3461 612) or email (Customerservice@tradefxc.com). You can also dig into their social media channels (Facebook, Youtube, Twitter, etc) or hit a button on an online message box.
The Bottom Line
FXC could be an option if you're looking for an online brokerage focusing on gold trading. On the other hand, you might want to look elsewhere if you need a broader range of investment options. The biggest drawbacks, however, are the regulatory status and lack of transparency on trading fees. There are plenty of other brokerages that adhere to stringent regulatory standards and give you more trading options. Any time you're comparing brokerages, keep risks and the investment choices firmly in mind.
FAQs
Is FXC safe？
FXC is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.
Is FXC good for beginners？
FXC's platform could be good for beginners who are interested in precious metals trading. But you should look under the hood at trading fees.
Does FXC offer leveraged trading？It doesn't provide relative information on the website.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
