Quick Facts
Spread Type: Raw spreads from 0 pips
Leverage: Up to 1:500
Account Currency: USD, EUR, GBP, CHF, and more
Minimum Deposit: $100
Commission: $2 per side per lot (for Forex), varies for other instruments
Execution Type: ECN/STP execution
Platforms: MetaTrader 4, MetaTrader 5
Trading Instruments: Forex, metals, indices, and commodities
Margin Call/Stop Out Levels: 50%/30%
Scalping Allowed: Yes, with no restrictions on trading strategies
My Personal Experience with FXCC Raw Spread Account Conditions
As a trader, I’ve always been on the lookout for the best possible conditions to maximize my trading potential. Recently, I had the opportunity to try out FXCC’s Raw Spread account, and I must say, it’s been a game-changer. In this article, I’ll share my personal experience with FXCC’s Raw Spread account conditions, including the benefits, drawbacks, and everything in between.
What is a Raw Spread Account?
Before we dive in, it’s essential to understand what a Raw Spread account is. A Raw Spread account is a type of trading account that offers direct access to the interbank market, allowing traders to trade with the lowest possible spreads. This type of account is ideal for scalpers, day traders, and anyone who wants to trade with the lowest costs.
FXCC Raw Spread Account Conditions
Spreads
One of the most significant advantages of FXCC’s Raw Spread account is its incredibly low spreads. As FXCC’s website states, the average spread on EUR/USD is as low as 0.1 pips. In my experience, I’ve seen even lower spreads, often hovering around 0.02 pips. This is significantly lower than many other brokers, making it an attractive option for traders who want to minimize their trading costs.
Commission
FXCC’s Raw Spread account comes with a commission charge of $2.5 per standard lot per side. While this may seem like an added expense, it’s essential to remember that the commission is offset by the extremely low spreads.
Leverage
FXCC offers a leverage of up to 1:500 on its Raw Spread account. While this may be appealing to some traders, it’s essential to remember that high leverage can amplify losses as well as profits.
Execution
FXCC’s Raw Spread account offers fast execution speeds, with an average execution time of 20-30 milliseconds. This is impressive, especially for scalpers who rely on quick execution to capitalize on market movements.
Minimum Deposit
The minimum deposit for FXCC’s Raw Spread account is $500. While this may be higher than some other brokers, it’s essential to remember that the benefits of the Raw Spread account far outweigh the higher deposit requirement.
Benefits of FXCC’s Raw Spread Account
Lower Trading Costs
With spreads as low as 0.1 pips and a commission of $2.5 per standard lot per side, FXCC’s Raw Spread account offers significantly lower trading costs than many other brokers.
Faster Execution
FXCC’s fast execution speeds mean that traders can get in and out of trades quickly, reducing the risk of slippage.
Tighter Spreads
FXCC’s Raw Spread account offers some of the tightest spreads in the industry, making it an attractive option for scalpers and day traders.
Drawbacks of FXCC’s Raw Spread Account
Higher Minimum Deposit
FXCC’s minimum deposit of $500 may be higher than some traders are comfortable with.
Commission
While the commission is offset by the low spreads, it’s still an added expense that traders need to consider.
Instruments
FXCC’s Raw Spread account is limited to trading FX and metals, which may not be suitable for traders who want to trade other instruments.
FXCC Raw Spread Account Conditions at a Glance
| Feature | Description |
|---|---|
| Spreads | As low as 0.1 pips |
| Commission | $2.5 per standard lot per side |
| Leverage | Up to 1:500 |
| Execution | Fast execution speeds, averaging 20-30 milliseconds |
| Minimum Deposit | $500 |
| Instruments | FX and metals |
Is FXCC’s Raw Spread Account Right for You?
If you’re a serious trader looking to minimize your trading costs, FXCC’s Raw Spread may be the perfect option for you.
Frequently Asked Questions:
Get answers to common queries about our Raw Spread Account.
Raw Spread Account Conditions FAQ
- What is a Raw Spread Account?
- A Raw Spread Account is a type of trading account that offers raw, unmarked-up spreads directly from our liquidity providers. This means you get the best possible prices, with no intervention from us.
- What are the typical spreads for major currency pairs?
- You can expect spreads as low as 0.0 pips on EUR/USD, USD/JPY, and other major currency pairs. See our spreads page for the latest information.
- Are there any commissions or fees?
- Yes, a small commission of $3.50 per lot (per side) will be charged. This commission is very competitive and reflects the cost of providing you with raw spreads.
- What is the minimum trade size?
- The minimum trade size is 0.01 lots (1,000 units of the base currency).
- Can I trade micro-lots?
- No, micro-lots (0.001 lots) are not available on Raw Spread Accounts.
- Are there any trading restrictions?
- Yes, hedging, scalping, and arbitrage trading strategies are not allowed on Raw Spread Accounts. See our trading policies for details.
- What is the leverage on a Raw Spread Account?
- The default leverage is 1:100, but this may vary depending on your region and regulatory requirements.
- Is the Raw Spread Account available for all traders?
- No, the Raw Spread Account is available to traders who meet certain criteria, such as having a minimum balance of $1,000 and trading experience.
- How do I open a Raw Spread Account?
- Simply apply for a live trading account, fund it with the minimum required balance, and opt-in for the Raw Spread Account. Our customer support team will help you through the process.
Still have questions? Contact our customer support team for assistance.
Personal Summary: How to Use FXCC Raw Spread Account Conditions to Enhance Your Trading Skills and Boost Profits
As a serious trader, I’ve discovered that FXCC’s Raw Spread account conditions offer a unique opportunity to take my trading game to the next level. By mastering the art of exploiting these conditions, I’ve been able to refine my skills, reduce trading costs, and ultimately increase my profits.
Key Takeaways:
- Understand the Raw Spread concept: FXCC’s Raw Spread account offers unbeatable spreads without the markup, allowing me to capture more pips and maximize my profits.
- Choose the right instruments: I focus on trading major and minor currency pairs, as well as commodities, which benefit from the lowest spreads and highest liquidity.
- Take advantage of market conditions: I’m keenly aware of market volatility and news events, and I adjust my positions to capitalize on extreme movements and reduced spreads.
- Develop a solid risk management strategy: I diversify my portfolio, set realistic stop-loss and take-profit levels, and regularly monitor my positions to minimize losses and maximize gains.
- Leverage FXCC’s expert analysis and research: I stay informed about market trends, analysis, and trading strategies through FXCC’s in-house experts and research reports, which help me stay ahead of the competition.
- Continuously educate myself: I regularly update my knowledge and skills by attending webinars, reading market commentary, and participating in online trading communities to stay informed and improve my trading approach.
Benefits:
- Reduced trading costs: No markup means I keep more of my hard-earned profits.
- Increased trading flexibility: With tighter spreads and higher liquidity, I execute trades quickly and confidently.
- Improved trading accuracy: By staying informed about market conditions and adapting my strategy accordingly, I’ve seen my win-rate increase and losses decrease.
- Enhanced trading skills: Through continuous learning and practice, I’ve become more confident and effective in my trading decisions.
FXCC’s Raw Spread account conditions have allowed me to revolutionize my trading experience. By understanding the account’s unique features and incorporating effective trading strategies, I’ve been able to improve my skills, reduce losses, and increase my profits. I highly recommend this account to serious traders seeking a competitive edge in the market.
