Foreign Exchange Clearing House Ltd was registered in 2004 and has been actively trading online since that time. Operating out of its headquarters in Dominica, FXCH is backed by an experienced team of professional traders, brokers and managers with over 15 years in the industry. Indeed, by offering a combination of tight spreads and expert customer support, FXCH has managed to amass a client base that spans more than 100 countries and generates a month turnover worth billions of dollars.
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In an effort to attract financially solvent companies, investors and brokers, FXCH has created an affiliate system designed to reward users for introducing new members to the site. Known as the FXCH Introducing Broker Program, the system is fully customisable to a user’s circumstances and resources and aims to compensate everyone equally.
While the system is of more use to those with considerable contacts and resources, individual traders are not excluded from the program. Indeed, if a lone trader is able to point the right calibre of client in the direction of FXCH then they will be given a cut of the money they generate.
In addition to their referral system, FXCH offers a 50% deposit bonuses for all new customers. Applicable to all deposits up to a maximum of $5,000, this bonus will give you more equity to trade with from the moment you make an initial deposit.
Like many electronic Forex brokers, FXCH utilises the MetaTrader 4 platform. Giving users a robust, all-in-one package with in-chart trading capabilities means it’s possible to offer favourable trading conditions for novice and experienced traders.
The Mini Account package at FXCH offers competitive trading conditions for users. Although the $2,000 minimum deposit limit will be beyond the risk many beginners can afford to take, the provisions for those with enough money and experience make up for this.
Indeed, spreads on this account are fixed and start from 1 pip on major currencies and the platform allows scalping and Expert Advisors to be employed. Moreover, all currencies are counted to four places after the digit and leverage of 1:500 is available on 26 pairs.
Finally, each account holder is able to conduct one-click and automated trades as well as utilise various orders, such as trailing stops. Additionally, hedging is allowed on this account trading can be conducting via desktop, browser or mobile applications.