FXVC

Review

FXVC trading broker exists in the online financial services industry since its inception in 2014. Functioning under the trading name of Finteractive Ltd, the primary services of FXVC are in the form of Contracts for difference (CFDs) in the financial markets. FXVC has managed to allure traders seeking to engage in a wide range of instruments, though there are very limited details about the services provided by the trading broker.

Even though it is present in the market, the profile of FXVC is not very clear, with very little information being available about its trading terms, technological support for its platform, and commissions. The purpose of this article is, therefore, to give a full account of information about FXVC, based on which traders can decide whether or not to work with the organization.

Background and History

FXVC was incorporated back in 2014 as an online trading firm for CFDs. These are financial instruments that enable the trader to speculate on the market performance of different financial assets without actually owning these assets. FXVC is registered as Finteractive Ltd. This company is registered in Cyprus with the registration number HE325259. The registered address for this company is Glastonos 116 M. Kyprianou House, Floors 3 & 4, Limassol, Cyprus. Its trading address is Glastonos 110, corner of Mesolongiou Street, Ayias Trias, Limassol.

FXVC has always attempted to give retail traders the means to access international markets, although information regarding the nature of their offerings and innovations in their platforms is not easily accessible. Such an extent of opacity affects the assessment of the development of the brokerage firm regarding the competitive marketplace of CFDs.

Features & Offers

There seems to be little information about the specific trading platforms, account types, or unique features offered by FXVC. This information is not readily found on the broker’s website, nor can comprehensive information be found through other channels.

What is certain is that the services offered by FXVC are centered on CFDs, which in most cases would refer to assets such as currency pairs, stock indexes, commodities, as well as potentially cryptocurrencies. In the absence of raw data on their offered services, one has to approach with caution in order to get clear perspective on any activities involving trade.

REGULATORY COMPLIANCE

The regulatory aspect constitutes a significant consideration in the assessment of any financial service provider. The regulatory experience of FXVC depicts a rather complicated scenario, with fluctuations in their authorization as well as limitations outlined by major regulatory bodies.

Regulator

License Number

Status

Cyprus Securities and Exchange Commission.

238

Voluntarily canceled; not currently unsubscribed (no active license)

Financial Services Authority Seychelles (FSA-S

N/A

Controlled

Financial Conduct Authority (FCA); UK

Not applicable

Banned from regulated activities since April 2021; obligated to close out positions and refund monies

It was previously regulated by CySEC under the name FXVC with the reference number 238/14 but chose to have its license cancelled and therefore has an unsubscribed status and no active CySEC license. There was also a restriction imposed on the parent company of FXVC, which is named Finteractive Ltd and was imposed by the UK's FCA in April 2021. It did not permit the firm to engage in any regulated business activities in the UK and to close down client positions and refund cash. It is also licensed by the Seychelles FSA but without a publicly visible reference number.

In light of these regulatory issues, it is recommended that the prospective clients check the regulatory status of FXVC with the relevant regulatory authorities.

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Unfortunately, there is no information available on the trading conditions being used by FXVC, such as spreads, leverage, minimum deposit, and commissions. Likewise, information on the trading software used by FXVC, such as proprietary software, MetaTrader, or mobile trading applications, is not readily available.

Such a lack of transparency makes it impossible to assess the competitiveness or appropriateness of a broker to a trader, whether a beginner or a professional trader.

Trading Condition

Description

Spreads

No information was provided

Leverage

Not disclosed

Minimum Deposit

Not disclosed

Commissions

Not disclosed

Trading Platforms

NOT DISCLOSED

Fee Structure

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Like trading terms, FXVC does not reveal any information about its fees. Information about deposit fees, fees for withdrawing money, fees charged for inactivity, and commissions is not revealed. This lack of transparency can be a major setback for traders because they require information about every possible cost associated with trading before investing any money.

Fee Type

The

Details

Deposit Fees

Name: Aku

Withdrawal Fees

Not disclosed

Inactivity Fees

Not Disclosed

Commission

Not disclosed

User Experience and Market Reputation

Services for customers include support for customers from Monday to Friday between 03:00 and 17:00 through a variety of means such as email support, phone support, live support, and support through a questionnaire with a response rate of 24 hours. Additionally, educational materials such as Faq pages, video lessons, and e-books can be important assets for investors aiming to boost their knowledge.

Nonetheless, doubts have arisen over the regulatory standing and past practice of FXVC. The decision to forego its CySEC license means that it now operates with no active supervision from one of the major regulators within the European market. Additionally, the 2021 incident by the FCA has brought attention to areas such as deceiving advertising, aggressive practice, and insufficient information on CFD risks.

Further, with the introduction of the FCA restrictions, concerns have also been raised about individuals being targeted by scammers in recovery schemes that require the payment of cryptocurrencies as a means of regaining lost funds. This highlights the importance of being cautious with organizations related to FXVC.

Recent News

One among the most important recent events that may have an impact on the current situation of FXVC is the voluntary relinquishment of the CIF license issued by CySEC (Regulation No.238/14), thus voiding its regulatory presence within the European Union. This has happened but the exact date has not been recorded.

Moreover, there have been continued effects from the FCA’s 2021 enforcement notice on FXVC’s parent company, including a ban on carrying out controlled activities in the UK, as well as paying back client money. Since then, there have been no major developments reported by FXVC in 2024 or 2025 concerning changes in their operations or services.

Potential traders and other stakeholders are encouraged to follow any official developments that may be announced through regulations and/or communications from FXVC.

Conclusion

FXVC, operating under Finteractive Ltd, has a mixed reputation as an online CFD broker. The company has been in the online industry since 2014, providing traders with an opportunity to trade in different financial markets, yet the lack of comprehensive data on its trading terms, commissions, and technology makes it challenging to rate its value for money. Even more importantly, FXVC has a regulatory record that raises concerns. The voluntary withdrawal of its license with CySEC and restrictions on trading with FCA-regulated brokers in the UK indicate possible risks associated with trading using this broker. Potential traders must carry out exhaustive research and look for other alternative brokers that have better transparency and improved regulatory environment. In conclusion, FXVC is a broker with limited public information and regulatory issues; thus, it is crucial for traders to be cautious when engaging with the broker and consider seeking more comprehensive information before trading.