Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Fxcess Pros & Cons
- The company offers a variety of trading instruments.
- Competitive spreads, starting from 0 pips.
- High leverage of up to 1:1000.
- Support for MetaTrader 4 (MT4) platform.
- Provision of educational resources.
- Multilingual customer support, that is available 24/5.
- High minimum deposits for the Premium and VIP accounts.
- Limited regulatory oversight compared to brokers in major financial centers.
TU Expert Verdict
Fxcess carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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Fxcess User Reviews
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5-star
56%
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4-star
34%
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3-star
10%
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2-star
0%
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1-star
0%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of Fxcess have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
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Is Fxcess Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria1.5 /10Fxcess has a safety score of 1.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Negative balance protection
- Not tier-1 regulated
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5 /10Fxcess offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Demo account
- Low minimum deposit
- Tight spread ECN account
- No Cent account
- No VIP account option
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.3 /10Fxcess received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6.5 /10Fxcess offers a limited selection of trading assets compared to the market average. The platform supports 300 assets in total, including 80 Forex pairs.
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Trading Account Opening
We successfully registered an account with Fxcess in 8 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Fxcess is $10.Score:We evaluated Trading Account Opening at Fxcess by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria5.6 /10Fxcess received a score of 5.6/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
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Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria6 /10 -
Customer Support
Score:We evaluated Customer Support at Fxcess by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria8.9 /10
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FAQs
What does Fxcess’s regulation status and safety score indicate about potential trading risks?
Fxcess has a safety score of 1.5/10 and is described as a low security level broker that is not regulated, which may increase risks related to investor protection and withdrawal guarantees. The broker does provide negative balance protection and requires KYC verification, but it lacks Tier-1 regulation and participation in investor compensation schemes, which are often associated with higher safety standards.
How are Fxcess trading commissions and non-trading fees structured?
Fxcess is assessed as having low overall fees with a fee score of 8/10, including tight EUR/USD spreads and no deposit, withdrawal, or inactivity fees. On Standard accounts, costs are built into floating spreads (for example, EUR/USD is listed at 1.7 pips), while RAW/ECN accounts combine low average spreads (such as 0.08 pips on EUR/USD) with a commission of $2.25 per lot.
What do user reviews and feedback scores suggest about Fxcess?
Fxcess has a user satisfaction score of 8.9/10 based on 124 reviews, with 56% of ratings at 5 stars and 34% at 4 stars. According to user reviews, overall sentiment is mostly positive, with only a small share of 3-star ratings and no reported 1- or 2-star reviews in the provided data.
Which markets and tradable assets are available with Fxcess, according to reviews and platform information?
Fxcess offers 300 tradable assets, including 80 currency pairs, stocks, stock indices, and commodity futures, but it does not provide crypto, ETFs, options, or copy trading. The broker also supports PAMM investing but does not offer bonds or managed accounts, and the selection is described as more limited than the market average.
How does the Fxcess account opening process work and what feedback-related details are provided?
The Fxcess account opening process is fully online, took 8 minutes in testing, and requires a minimum deposit of $10, with KYC verification reportedly completed within 1 business day. Users are instructed to choose an account type, submit personal details, set a password that must be changed every three months, and upload identity and address documents; the review notes that the setup may feel less convenient for beginners, but no direct user feedback quotes are provided.
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