IMMFX vs FXCC

IMMFX or FXCC – which is better for UK traders 2024? Compare IMMFX and FXCC in this detailed breakdown of their platforms, features and fees.

IMMFX vs FXCC Comparison Table 2024
IMMFX FXCC
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2
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4.5
IMMFX is ranked #91 among CFD brokers. FXCC is ranked #4 among CFD brokers.
Review
Review
IMMFX is an online CFD broker offering several asset classes including forex, stocks, and commodities. The broker offers STP accounts with no dealing desk intervention, leverage up to 1:500 and transparent pricing with spreads from 0 pips. The broker is regulated offshore in the Marshall Islands. FXCC is an established broker that’s been offering low-cost online trading since 2010. Registered in Nevis and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes.
Pros
  • The 15+ commission-free deposit methods make it easy and cheap for global traders to deposit funds. I was able to access Western Union, Payeer, PayPal, crypto deposits and more
  • Alongside the powerful MT5 desktop terminal and mobile app, I found that IMMFX offers daily technical analysis and signals on popular assets like WTI crude oil and EUR/USD
  • I found a good selection of online educational content with integrated videos and courses for those looking to gain basic knowledge and advanced strategies
  • I was fairly impressed by the broker's 24/7 customer support via email, phone and live chat, since many firms only offer 24/5 support
  • I was pleased to find an MT4 demo account with real price conditions and a decent virtual sum of $100,000
  • Competitive and transparent ECN spreads from 0.0 pips with zero commissions, making FXCC one of the cheapest forex brokers
  • As an MT4 broker, FXCC offers advanced charting tools and excellent support for algo traders, especially when combined with the free VPS
  • The free education section, including the 'Traders Corner' blog, offers a large selection of materials that will serve all experience levels
  • There are no deposit fees except industry-standard mining charges on cryptos, which is advantageous for active traders
  • FXCC is trusted and licensed by the CySEC, a top-tier European regulator offering high standards of safeguarding
  • There are no restrictions on short-term trading strategies like trading and scalping
Cons
  • It's unfortunate that IMMFX is regulated offshore with no guarantee of top-tier financial protection for clients
  • I think the withdrawal fees are quite expensive for some payment methods including a 6% charge for credit/debit cards
  • I find the broker's asset line-up is quite limited compared to top brands and not sufficient for experienced traders to build a diversified portfolio
  • FXCC’s single platform offering is a major drawback compared to many alternatives, notably AvaTrade which provides 5 platforms to suit different trader preferences
  • Although MetaTrader 4 continues to shine for technical analysis, the subpar design dampens the trading experience, especially compared to modern alternatives like TradingView
  • There is a threadbare selection of research tools like Trading Central and Autochartist, value-add features available at category leaders like IG
  • While the range of currency pairs exceeds most alternatives, the selection of additional assets is narrow, and notably, there are no stocks
  • High withdrawal fees may catch out unsuspecting traders, including a significant $45 charge for bank wire payments
Awards
  • Best STP Broker 2019 - World Finance Magazine Awards
  • Best Trading Account (XL Account) 2019 - World Finance Magazine Awards
  • Best Trading Account (XL Account) Europe 2018 - Global Banking & Finance Awards
  • Best STP Broker Europe 2018 - Global Banking & Finance Awards
  • Best Trading Account (XL Account) 2018 - JFEX Awards
  • Best MT4 Broker 2018 - JFEX Awards
  • Best Islamic Forex Broker (XL Account) 2018 - MENA Forex Show Awards
  • Best STP/ECN Forex Broker 2018 - MENA Forex Show Awards
  • Best Forex Trading Account 2017 - UK Forex Awards
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
CFDs, Forex, Stocks, Cryptos, Commodities CFDs, Forex, Indices, Commodities, Crypto
Demo Account
Yes Yes
Minimum Deposit
$50 $0
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
GLOFSA CySEC
Mobile Apps
iOS & Android iOS & Android
Trading App

FXCC elevates mobile trading with the MT4 app on iPhone, iPad, and Android, perfect for traders with its reliable, advanced charting featuring 30 indicators, 9 timeframes and 3 chart types. It’s incredibly easy to dive into trading on the MT4 app through an FXCC account, with just 3 simple steps. The app offers the flexibility to trade a great selection of over 70 currency pairs and other popular markets on the go.
iOS App Rating
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4.8
Android App Rating
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4.4
Margin Trading
Yes Yes
Margin Rate
1% × Notional Value
MetaTrader 4
Yes Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
Yes Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
MT4 Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$5
Islamic Account
Yes Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
Commodities
  • Gold
  • Silver
  • Oil
  • Gold
  • Silver
  • Precious Metals
  • Platinum
  • Palladium
  • Oil
CFD
I found a comparably small range of 200+ CFDs including forex, stocks, indices and crypto on the MT4 terminal. That said, I appreciated the low spreads from 0 pips, alongside 24/7 customer support. FXCC offers a narrow range of CFDs beyond forex with a limited selection of metals, energies, indices and cryptos. However, it stands out with its high leverage up to 1:500, which will serve experienced traders looking to maximize their buying power while speculating on rising and falling prices.
Leverage
1:200 1:500
FTSE Spread
Floating Variable
GBPUSD Spread<
Floating 1.0
Oil Spread
Floating 0.03
Stocks Spread
Floating NA
Forex
I like that IMMFX offers a decent list of 60+ forex pairs with raw spreads and low latency execution. I found that you can trade with leverage up to 1:500 on major pairs with a minimum volume of 0.01 lots. FXCC's key selling point is its forex trading conditions. ECN spreads come in as low as 0.0 pips during peak trading hours, while it supports a wider range of currency pairs than the majority of rivals with over 70 forex assets. Additionally, you have access to MT4, which was built specifically for forex trading and excels for its charting tools.
Assets
60+ 70+
GBPUSD Spread
0.4 1.0
EURUSD Spread
0.1 0.2
EURGBP Spread
0.5 0.5
Cryptocurrency
I think IMMFX scores better when it comes to its crypto offering, with 30+ crypto/crypto and crypto/fiat pairs such as ETH/BTC, BTC/USD and DASH/USD. Cryptos can be traded 24/5 with a 20% margin on popular tokens. FXCC offers 8 of the most popular cryptocurrencies, including Bitcoin, Ethereum and Litecoin. High leverage up to 1:10 is available on BTC and 1:5 on other cryptos. There are no restrictions on crypto trading strategies with Expert Advisors (EAs) also permitted.
Spread
Floating Variable
Coins
  • BTC
  • ETH
  • LTC
  • DASH
  • XRP
  • XMR
  • EON
  • ETO
  • NEO
  • ETP
  • IOTA
  • ZEC
  • SAN
  • EDO
  • BTC
  • BCH
  • ETH
  • LTC
  • XMR
  • ZEC
  • DAS
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
IMMFX FXCC
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