Fxcess Review Overview
Fxcess is operated by Notesco Limited, incorporated in Bermuda (company number 51491, Clovelly, 36 Victoria Street, Hamilton). It lists no financial license and states that client assets are segregated. Japanese-language support is available by email and a UK phone number.
| Specification | Detail |
|---|---|
| Operating Company | Notesco Limited |
| Incorporation | Bermuda, 51491 |
| License | None listed |
| Segregated Funds | Stated |
Account Types
Fxcess offers a Classic account (up to 1:1,000 leverage, spreads from 0.5 pips, no commission, bonuses eligible) and an ECN account (up to 1:500, spreads from 0 pips, $9 round-turn commission per lot, bonuses not eligible). Both run on MT4 with a $10 minimum deposit, 0.01-lot minimum, 20% stop-out, and allow scalping, hedging, and EAs. A mirror-trading (copy) service is also offered. Account currencies include JPY, USD, EUR, GBP, and others.
| Specification | Detail |
|---|---|
| Classic Account | 1:1,000, from 0.5 pips, no commission |
| ECN Account | 1:500, from 0 pips, $9 per lot |
Instruments and Funding
Instruments include forex, gold and silver, stock indices, oil, soft commodities, and foreign shares. Deposits and withdrawals use Visa and Mastercard, Skrill, Neteller, and bank transfer.
Pros and Cons
| Pros | Cons |
|---|---|
| Very low $10 minimum deposit | No financial license (Bermuda incorporation only) |
| 1:1,000 leverage on Classic accounts | ECN account not bonus-eligible |
| Mirror trading and EA support | Zero-cut protection not stated |
Is Fxcess a Broker Worth Considering?
Fxcess offers low entry cost and high leverage, but its lack of a financial license and unstated negative-balance handling limit confidence. Readers should verify details independently and avoid depositing more than they could afford to lose.
FAQ
- Is Fxcess regulated?
- It lists no financial license; it is only incorporated in Bermuda.
- What is the minimum deposit?
- $10.
- Which platform does it use?
- MT4.
- Does it offer copy trading?
- Yes, through its mirror-trading service.
