FXCess Broker Review: Is It Safe for Traders?

FXCess is an online forex broker registered in the British Virgin Islands and operating under the company name Notesco (BVI) Limited. According to WikiFX, the broker has been operating for approximately 5 to 10 years and provides access to forex and other financial markets through its trading platforms.

However, the FXCess broker currently holds a low WikiFX Score of 1.61 out of 10, reflecting concerns about its regulatory standing and operational profile. WikiFX classifies the broker as Unverified, Questionable Regulatory License, White Label MT4 and High Potential Risk.

▶ Have you traded with FXCess? Share your reviews and experiences on WikiFX: https://www.wikifx.com/en/dealer/6661853745.html. Your feedback could help other investors make more informed decisions.

Contents

01

FXCess Regulation & Licences

02

Trading Accounts and Conditions

03

Trading Platforms and Instruments

04

Overall Assessment of FXCess Broker

FXCess Regulation & Licences

Regulation is one of the most important considerations when assessing FXCess.

According to the WikiFX profile, no forex trading licence has been found for FXCess. The platform explicitly warns investors to be aware of the risks associated with the broker's regulatory status.

WikiFX identifies Notesco (BVI) Limited as the company's registered entity, with its registered region listed as the British Virgin Islands. Its registered address is PO Box 4301, Road Town, Tortola, British Virgin Islands.

The regulatory section also identifies an anomaly involving a United Kingdom Forex Execution License (STP) under NOTESCO UK LIMITED, with FCA reference number 585561. However, WikiFX categorises this entry as unverified.

It is important to distinguish between NOTESCO UK LIMITED and Notesco (BVI) Limited. The existence of an FCA regulated entity under the Notesco name does not automatically establish that FXCess or its British Virgin Islands entity is covered by the same authorisation.

Trading Accounts and Conditions

WikiFX lists two main account types offered by FXCess, namely Classic and ECN. Both accounts have a minimum deposit requirement of $10 and a minimum trading volume of 0.01 lots.

The Classic account offers maximum leverage of 1:1000, with spreads starting from 1.6 pips in the account information section. The ECN account offers maximum leverage of 1:500, with spreads starting from zero pips and a commission of $4.50 per lot round turn.

The broker also lists Islamic account availability and a demo account for traders who wish to familiarise themselves with the trading environment before committing real funds.

Trading Platforms and Instruments

FXCess provides access to MetaTrader 4 (MT4), although WikiFX classifies its platform arrangement as a White Label MT4 rather than a full licence. Its profile records 20 MT4 servers and an average execution speed of 170.20 milliseconds.

The broker's listed trading instruments include forex currency pairs, precious metals, global stock indices, commodities and futures. Examples include EUR/USD, GBP/USD, gold, silver, UK 100, Wall Street, Brent crude oil and natural gas.

FXCess also offers PMAM, a money management platform designed for professional traders and account managers, according to its broker information.

Overall Assessment of FXCess Broker

For traders conducting a review FXCess, the most important consideration is not simply its trading conditions but whether the company providing the service is properly authorised. Investors should exercise caution and independently verify the broker's regulatory information before depositing funds.