Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
6/10 · HighCySEC 121/10 confirmed active on the regulator's own register with a full identity match, and the MISA licence is genuine, but the entity serving most of the world is a Comoros shell and a Vanuatu dealer licence claim is unsupported.
Identity & transparency
5/10 · ModerateEvery entity, company number and address is disclosed and the Limassol address matches the CySEC register, but one licence claim is contradicted by the issuing regulator and clients report being moved to the offshore entity without clear notice.
Withdrawals & conduct
5/10 · ModerateA real but minority fund integrity pattern of long delayed or unpaid withdrawals tied to the offshore entity, set against a large majority of clients reporting prompt payment and a broker that answers complaints publicly.
Reputation
5/10 · ModerateTrustpilot 4.6 across 207 reviews with 67 percent at five stars, against reviews.io at 3.4 across 633 reviews and a danger flag carried by a third-party broker directory over the Vanuatu notice.
Website claims
7/10 · HighThe site claims a VFSC dealer licence the register does not support and presents a St Vincent LLC registration under a regulator heading, though the founding year of 2010 checks out exactly.
Operational history
2/10 · LowSeventeen years of verified history: Cyprus company incorporated February 2009, CySEC licence September 2010, main domain registered March 2004, with no gap or rebrand.
Who they are
A quick desk file on the company behind the brand.
- Brand: FXCC
- Legal entity (EEA clients): FX Central Clearing Ltd, Cyprus company HE 258741
- Legal entity (rest of world): Central Clearing Ltd, Mwali company HA00424753, Comoros
- Other entities named by the firm: Central Clearing LLC (St Vincent, 2726 LLC 2022), Central Clearing Ltd (Nevis, C 55272), CENTRAL CLEARING Ltd (Vanuatu, 14576)
- Registered: 2 Samou Street, Amorosa Centre, 2nd Floor, Germasogeia, CY-4043 Limassol, Cyprus
- Website: fxcc.com for global clients, fxcc.eu for EEA clients
- Licences: CySEC 121/10 (Cyprus, tier 2, confirmed active) and MISA BFX2024085 (Comoros, tier 4, confirmed active)
- Offers: ECN and STP forex and CFDs on MetaTrader 4, 70 plus currency pairs, leverage to 1:200 in Cyprus and far higher offshore
- Not accepted: residents of the EEA, Japan and the USA are not served by the fxcc.com entity
- Age claim: since 2010, which we verified rather than accepted
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Cyprus Securities and Exchange Commission (CySEC)
Mwali International Services Authority (MISA)
Vanuatu Financial Services Commission (VFSC)
Financial Services Authority, St Vincent and the Grenadines (SVGFSA)
Why we reached this verdict
How the evidence adds up.
We reached high risk rather than a scam verdict because the evidence points firmly in two directions at once, and both directions are supported by regulators' own records.
- The regulation is real. The CySEC register entry for FX Central Clearing Ltd shows licence 121/10, granted 3 September 2010, still active, with permission to receive, transmit and execute client orders. The register records the approved domain as www.fxcc.eu and the contact address as corporate@fxcc.com, both of which match this operation. That is a full identity match, so this is not a firm wearing someone else's credentials.
- The offshore licence is also real, but nearly worthless. The Mwali International Services Authority's own list of authorised brokerage companies shows Central Clearing Ltd holding licence BFX2024085, issued 26 April 2024, status active. MISA is not a functioning supervisor and offers no compensation scheme, so a client of the Comoros entity has little practical recourse.
- The Vanuatu claim does not hold up. FXCC states on fxcc.eu that CENTRAL CLEARING Ltd 'is licensed by the Vanuatu Financial Services Commission (VFSC) as a regulated financial services provider and is authorize to carry on the business of dealing in securities under the Dealers in Securities (Licensing) Act [CAP 70]'. Central Clearing does not appear anywhere on the VFSC list of 87 active Financial Dealers Licence holders. Registration 14576 is a Vanuatu company registration under the International Company Act, which is not a licence to deal in securities.
- The Vanuatu regulator went further than silence. In a public notice dated 12 October 2021, the VFSC alerted the public to companies using fraudulent Financial Dealers Licence certificates purporting to be issued by it, and listed fxcc.com as item 21 of 25. That notice names the exact website under review here. Nearly five years later the licence claim is still published.
- The complaints follow the same seam. Reports of unpaid or long delayed withdrawals cluster around clients whose accounts sat with the offshore entity rather than the Cyprus company, and at least one detailed account describes a balance of 38,718 USD unpaid for eleven months, with the client told the account belonged to the Vanuatu arm and the agreement citing licence 014576. We treat this as a genuine but minority pattern: it is specific and appears on more than one platform, but it is not concentrated in a single time window and it sits against a large majority of clients reporting prompt payment.
- What we did not find matters too. There is no regulator warning naming this operation from the FCA, CFTC, ASIC, CONSOB or BaFin, no CySEC enforcement action against FX Central Clearing Ltd, no evidence of impersonation, and no demand for an extra payment to release funds. The advertised founding year of 2010 is accurate.
- How the number was reached. Scored on the evidence, the six dimensions average about 51 percent. We publish 65 because a regulator notice naming the exact domain over a fraudulent licence certificate, combined with the fact that the claim is still live in the client agreement, is not adequately expressed by an average. This is a risk figure about licensing honesty and offshore exposure, not a finding that client money is being stolen.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The CySEC register lists FX Central Clearing Ltd, CIF licence 121/10, licensed 3 September 2010, company registration HE 258741, address 2 Samou Street, Amorosa Centre, Limassol, approved domain www.fxcc.eu and contact corporate@fxcc.com, with reception, transmission and execution of client orders authorised and no restriction recorded. Name, domain and contact all match this operation, so the clone test passes on all three legs.
Hard proofCySEC public register, entity 37673E2A Vanuatu Financial Services Commission public notice dated 12 October 2021 alerts the public to companies using fraudulent Financial Dealers Licence certificates purporting to be issued by the VFSC, and lists fxcc.com as item 21 of the 25 websites named. This names the exact domain under review.
E3The VFSC list of Financial Dealers Licence holders contains 87 active licensees and neither Central Clearing Ltd nor any FXCC entity appears on it. Searching the entity name returns no result, so the claimed Vanuatu dealing licence does not exist on the authoritative register.
E4FXCC's own regulation page states that CENTRAL CLEARING Ltd is registered under the International Company Act CAP 222 with registration number 14576 and that it is licensed by the Vanuatu Financial Services Commission as a regulated financial services provider authorised to deal in securities under the Dealers in Securities (Licensing) Act CAP 70. This is the firm publishing, in its own words, a licence the register does not support, under an act that no longer governs dealer licensing.
E5The Mwali International Services Authority's list of authorised brokerage companies shows Central Clearing Ltd at row 213 holding International Brokerage and Clearing House licence BFX2024085, issued 26 April 2024, status active. The licence is genuine, though the register records the website as fxcc.net rather than fxcc.com and MISA provides no meaningful supervision or compensation scheme.
E6The fxcc.com domain was registered on 11 March 2004 through GoDaddy and is paid up to 2035. The operation is not running on a recently acquired domain and the registration long predates the advertised founding year.
E7FXCC states on its about page that it has been on the traders side since 2010. The CySEC licence was granted on 3 September 2010 and the Cyprus company HE 258741 predates it, so the age claim is accurate rather than inflated.
ModerateFXCC about pageE8Trustpilot shows a score of 4.6 out of 5 across 207 reviews for fxcc.com, distributed 67 percent five star, 17 percent four star, 6 percent three star, 1 percent two star and 9 percent one star. The one star themes are withdrawal speed and a 2 percent crypto withdrawal fee, and the broker replies to complaints stating that withdrawals are processed within 24 hours.
ModerateTrustpilot page for fxcc.comE9Reviews.io shows 3.4 out of 5 across 633 reviews with a 70 percent recommendation rate. The dominant negative theme is withdrawal handling that departs from the published policy, including a January 2024 report of a 10,000 USD crypto withdrawal refused and redirected to card. Several recent entries are placed by fund recovery services rather than clients, which pollutes the page in both directions.
ModerateReviews.io page for fxcc.comE10A client report dated 26 August 2025 describes a withdrawal of 38,718 USD unpaid for more than eleven months with no reply for six months, states that the account was moved to the Vanuatu arm without permission because the client was not an EU resident, and cites clause 2.2 of the client agreement as claiming licence number 014576. Ticket screenshots, the agreement and correspondence from the Vanuatu regulator were attached. This matches the licence defect established from the regulator's own records.
StrongA third-party broker directoryE11FXCC's global regulation page presents St Vincent and the Grenadines with the Financial Services Authority named as regulator against registration 2726 LLC 2022, and lists Nevis company C 55272. Neither is financial regulation: the St Vincent authority does not license forex business, and both are ordinary company registrations presented alongside genuine licences.
E12FXCC's licence page sets out the CySEC and MISA licence numbers but publishes no direct verification link to either regulator's register, so a client cannot check the claims from the page that makes them. The EEA passporting section by contrast does carry external links to national authorities.
The other side
The strongest case in this broker’s favour.
The case for FXCC deserves to be put properly, because a good deal of it is solid.
- This is a long established, genuinely licensed firm. Seventeen years of corporate history, a domain registered in 2004, a CySEC licence continuously held since 2010, membership of the Investor Compensation Fund, and passporting notifications across more than twenty EEA states. Very little about that profile resembles a scam operation.
- The clone test passes cleanly. The name on the register, the approved domain and the contact address all match. Nobody is impersonating anybody, and the firm's own regulation page discloses every entity it uses, with company numbers and addresses. That is more disclosure than many competitors offer.
- The Vanuatu registration is not invented. Company number 14576 is a real Vanuatu International Company registration. The honest reading is that FXCC has overstated what that registration permits, and has kept relying on an act that no longer governs dealer licensing, rather than that it fabricated a number out of nothing.
- Most clients are paid. Trustpilot shows 4.6 out of 5 across 207 reviews, with 67 percent at five stars and the firm publicly answering complaints. Many reviewers describe withdrawals completing within hours.
- Some of the negative material is unreliable. One complaint forum thread about FXCC was flagged by its own moderators as possibly placed by a paid complainant, several review pages are polluted by recovery services touting for business, and the loudest search results attach to fxcctrades.com and FXCC Markets Ltd, which are different operations entirely. We excluded all of that.
- The dual structure is legal and common. Routing EEA clients to a CySEC entity and everyone else to an offshore entity is what most Cyprus brokers do. It is a risk for the offshore client, but it is not deception in itself, and FXCC states plainly which entity serves whom.
What would change this
What we would need to see to revise the verdict.
This verdict is not fixed. Specific, checkable events would move it in either direction.
- Toward a clean rating: FXCC removing the Vanuatu licence wording from fxcc.eu and from clause 2.2 of its client agreement, and describing registration 14576 accurately as a company registration.
- The VFSC adding Central Clearing Ltd to its Financial Dealers Licensee list, or issuing a statement that the 2021 notice no longer applies to fxcc.com.
- FXCC placing non EEA client accounts with a supervised entity rather than the Comoros company, or publishing audited evidence of segregated client money at the offshore arm.
- A further twelve months with no substantiated report of an unpaid withdrawal.
- Toward a worse rating: a CySEC enforcement action, suspension or licence withdrawal against FX Central Clearing Ltd.
- A cluster of unpaid withdrawals concentrated in one period, or any credible report of an extra payment being demanded before funds are released.
- A warning naming fxcc.com from a major regulator such as the FCA, ASIC, BaFin or CONSOB.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
CySEC register entry for FX Central Clearing Ltd
The Cyprus regulator's own record of licence 121/10, its status and approved domain.
MISA list of authorised brokerage companies
Shows Central Clearing Ltd holding licence BFX2024085 as active.
VFSC Financial Dealers Licensee list
The 87 firms genuinely licensed to deal in Vanuatu. Central Clearing is not among them.
VFSC public notice on fraudulent Financial Dealers Licence certificates
Notice of 12 October 2021 listing fxcc.com among 25 named websites.
VFSC public notices index
Where the Vanuatu regulator publishes licence revocations and alerts.
FXCC regulation page
The broker's own list of entities and licence numbers.
FXCC EEA regulation page
Carries the Vanuatu dealer licence wording that the register does not support.
Frequently asked questions
Quick answers about this broker’s safety.
Is FXCC a scam?
No, not on the evidence we found. FXCC is a real, long established broker whose Cyprus company holds an active CySEC licence we confirmed on the regulator's own register. We rate it high risk rather than safe, because its offshore arm advertises a Vanuatu licence that the Vanuatu regulator's records do not support.
Is FXCC a fraud?
We found no court judgment, no enforcement action and no fraud-related record naming FX Central Clearing Ltd. What we did find is that the Vanuatu Financial Services Commission published a notice listing fxcc.com among websites using fraudulent Financial Dealers Licence certificates. That is the regulator's own characterisation of the certificate, and it concerns licensing rather than any finding about client money.
Is FXCC regulated?
Partly. FX Central Clearing Ltd is authorised by CySEC in Cyprus under licence 121/10, granted in September 2010 and still active. That covers clients in the European Economic Area, who deal through fxcc.eu. Everyone else deals with Central Clearing Ltd in the Comoros under a MISA licence, which is a very low tier of oversight.
Which FXCC entity will hold my money?
It depends where you live. Residents of the EEA are served by the Cyprus company, FX Central Clearing Ltd. Everyone else, other than Japan and the USA who are not accepted, is served by Central Clearing Ltd in the Comoros. Check the entity clause in your client agreement, because the protection you get is completely different.
Can I withdraw my money from FXCC?
Most clients report that they can, often within hours, and the firm answers complaints publicly. A minority report withdrawals stalled for months, and those reports cluster among clients whose accounts sat with the offshore entity. One detailed account describes 38,718 USD unpaid for eleven months.
Is my money safe with FXCC?
If your account is with the Cyprus company, you have segregated client money and Investor Compensation Fund cover. If your account is with the Comoros company, you have neither in any practical sense. MISA is not a functioning supervisor and there is no compensation scheme behind it.
What is the FXCC Vanuatu licence worth?
Nothing that we can verify. FXCC states it is licensed by the Vanuatu Financial Services Commission to deal in securities, but Central Clearing does not appear on the VFSC list of 87 active Financial Dealers Licence holders. Number 14576 is a Vanuatu company registration, which is not a dealing licence.
What is a MISA licence and does it protect me?
MISA is the registrar of the autonomous island of Mwali in the Comoros. It issues brokerage licences cheaply and does not supervise firms in any meaningful way, and the Comoros central bank has publicly distanced itself from these licences. Treat a MISA licence as evidence that a broker wanted to look regulated, not as protection.
How old is FXCC?
Genuinely old for this industry. The Cyprus company was incorporated in February 2009, the CySEC licence dates from September 2010 and the fxcc.com domain was registered in March 2004. The claim of trading since 2010 is accurate, which is not something we can say about many brokers.
Is FXCC a clone of another broker?
No. The name on the CySEC register, the approved domain and the contact email all match this operation, so nobody is borrowing another firm's credentials. Be aware that separate operations called FXCC Trades at fxcctrades.com and FXCC Markets Ltd exist and have attracted regulator alerts. They are not connected to this broker.
Does FXCC accept clients from Iran and other non EEA countries?
Yes, through the Comoros entity rather than the Cyprus one. If you are trading from outside the EEA you should assume you are a client of Central Clearing Ltd in the Comoros, with the limited recourse that implies, and you should keep your balances modest and withdraw profits regularly.
What should I check before depositing with FXCC?
Read the entity clause in the client agreement and confirm which company you are contracting with. Verify licence 121/10 yourself on the CySEC register. Do not treat the Vanuatu wording on the site as regulation. Start with a small deposit and test a withdrawal before committing more.
What do I do if FXCC will not pay my withdrawal?
Put the request in writing and ask which legal entity holds your funds. If it is FX Central Clearing Ltd, complain to CySEC and then to the Cyprus Financial Ombudsman, which can order redress. If it is one of the offshore entities, escalate to your card issuer or payment provider for a chargeback, because regulatory recourse in the Comoros, Nevis or St Vincent is very limited.
What we recommend
The practical takeaway from everything above.
FXCC can be used, but which entity holds your account changes almost everything about your protection. Check that first.
- Find out who your contract is with. Open your client agreement and read the entity clause. FX Central Clearing Ltd means Cyprus and CySEC supervision. Central Clearing Ltd or Central Clearing LLC means the Comoros, Nevis or St Vincent, and no meaningful supervision.
- If you are in the EEA, deal only through fxcc.eu. That is the domain CySEC has approved, and it is the route that carries Investor Compensation Fund cover.
- If you are outside the EEA, understand that you are a client of a Comoros company. Size your deposits to what you can afford to lose, and withdraw profits regularly rather than letting a balance build.
- Do not rely on the Vanuatu licence. It does not appear on the Vanuatu regulator's list of licence holders, and the regulator has published a notice naming fxcc.com in connection with fraudulent licence certificates.
- Keep records. Save your agreement, deposit confirmations, withdrawal tickets and any message telling you your account has been moved to another entity.
- If a withdrawal stalls, put the request in writing, ask in writing which legal entity holds your funds, and if the answer is FX Central Clearing Ltd, complain to CySEC and then to the Cyprus Financial Ombudsman. If the answer is an offshore entity, your practical options are much narrower, which is the central risk here.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed September 9, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.