FXChoice is a legit crypto broker, but it does not allow traders from the United States of America. MT5 Apple or iOS app has a 4.7 rating out of 5 and the new MT5 app is gathering the highest number of customer reviews. MT5 Google Play or Android app has a 4.5 rating out of 5 and the users of this new mobile application are pouring in their positive reviews for the app.
This payment is passed onto the client but other than the processing fees or service charges, the broker platform does not charge any additional deposit fee. This platform is fx choice review developed mainly for seasoned investors as it provides advanced trading features. FXChoice has MetaTrader 5 Pro or MetaTrader 5 Pro Hedged accounts coupled with MetaTrader 5.
- It is also compatible with Mac and Windows desktop versions along with iPhone, iPad, and Android mobile operating systems.
- FXChoice is fully regulated by FSC, Finances Services Commission Belize and this itself is a potential security measure.
- FXChoice support team keeps the Contact us, Callback, and Live Chat options right at the top of the webpage, making it accessible from all other web pages.
Certain methods are country-specific and for quicker payment methods, Skrill, Neteller, Perfect Money, etc. payment methods must be chosen. Most of the training and education on FXChoice focuses on the new traders who have just started their crypto trading journey. For advanced traders, there are educational resources too but they are limited. The online broker platform offers tutorial videos to ensure that the traders face no problems while placing trades or while exploring the MetaTrader 4 and 5 trading platform. The reason for this is that FXChoice has to make payments for the services rendered by a particular payment processor.
What is the maximum leverage?
FXChoice is an award-winning broker that has won several awards for its multi-lingual and friendly customer support. This FXChoice review dives deeper into the Pros and Cons of the platform, trading platforms, account types, copy trade features, & many more. FXChoice operates several different account types – the commission percentage varies depending on which account you choose. Alternatively, their pro account has a commission level of $3.5 per notional amount (per side) of $100,000. FX Choice also offers a Pips+ program which is essentially a loyalty reward program.
Withdrawal Fees
Experienced traders can also apply for a MAM or Multi-Account Management account and be eligible to handle other’s accounts. New users can visit the company page to get more details about how the periodic bonuses apply. These currency options are advantageous since currency conversion fees are not charged while using the account in the clients’ currency.
FXChoice Trading Platforms
The FXChoice security measures are excellent, too, as they do everything in their capacity to protect clients’ capital. The deposits are held safely by the platform in segregated accounts, and they are kept entirely separate from the corporate ones. So, there is no way that the platform can trade with clients’ funds or use them for the company’s expenses. FXChoice was developed in 2010 in Belize, Central America, and has been successfully operating for more than a decade, constantly upgrading the trading features on its platform.
MetaTrader 4 was created by a Russian company known as MetaQuotes and it has won several awards. The MT4 FXChoice version combines the standard features with real-time price feeds gathered from the global markets, competitive conditions, interbank liquidity, and fast execution speeds. Another unique type of account is the Islamic account and both the classic and pro accounts can be converted to Islamic accounts that are swap-free at FXChoice. To open an Islamic account, a client needs to open an account and go to the Profile section. By clicking on the Islamic accounts tab and following the easy instructions, they can submit the request and start using the account within seconds. And now users can directly connect their FXChoice account to ZuluTrade and acquire amazing benefits like Copy the experts, transparency, and gaining huge knowledge from experienced traders mistakes & success.
Is FXChoice Regulated?
This is an excellent feature as it helps particularly for strategy testing. Though the brokers’ platform does not provide any educational PDF in the conventional sense, the broker offers a wide FAQ section too for both MT4 and MT5 trading platforms. The FAQ section is bundled with educational topics like Common Knowledge and Expert Advisors 101 sections. Many forex brokers deduct funds from the trading accounts as compensation for the account maintenance, if they are not accessed or used for a considerable period. FXChoice has a great choice of accounts to choose from that are ideal for all levels of trader skill. If you simply want to try your hand and get used to the platform, you can always create a demo account.
This platform offers trading services to a global market and is available in 8 different languages – English, German, Czech, Greek, Spanish, Italian, Portuguese and Thai. FXChoice offers both Forex and CFD trading opportunities to traders all around the world. Traders can trade 36 distinct forex pairs, including the Russian Ruble, Norwegian Krone, and South African Rand. The platform also offers commodity CFDs, including crude oil, silver, and gold. This offers traders the ability to place their trades in the largest energy markets in the world and get the protection of precious metals in their portfolios. Our FXChoice forex broker review team can confirm that this is a highly reputable broker that boasts regulation from IFSC.
There is five tiers and each one reduces the amount of commission you pay on pro accounts. FXChoice is one of the most popular trading platforms that provide different programs and bonuses to allow investors to earn more. The referral program at FXChoice gives about a 15 percent bonus every time a trader who refers to another opens an account and starts trading. The brokers’ trader who refers may also land up earning $250 or its equivalent, based on the trading volume. Apart from referrals it also has a welcome bonus that gives a 50% deposit bonus when you verify your account within seven days. Coming to the FXChoice leverages, traders must be aware of the different leverages they get on different trading platforms.
The popular forex broker also offers a distinct column with the pips in terms of USD. This listing method may take some time for professional traders to get a hang of it. FXChoice forex broker offers both MetaTrader 4 and 5 mobile trading platforms for traders who wish to trade on the go. Traders can access the FXChoice platform on their iOS and Android devices to trade, manage their positions, and follow the market even while they are away from their computer system. The MT 4/5 mobile apps can be downloaded for free from any relevant apps store like PlayStore or AppStore.
At FXChoice, we use the world’s tried-and-tested MetaTrader programs to give our clients the best tools to tackle global markets. Corporate trading accounts offer all the advantages of individual accounts, but also offer the deepest liquidity possible by top-tier banks and world-renowned financial institutions. With any corporate account you can use your company’s bank account to place deposits, request withdrawals and file corporate taxes. All these tiers have the same requirements as in the case of classic accounts but with the additional tier 5 which is known as the default tier. Additionally, the rollover fees apply depending on the trading instrument and asset class.
Deposit Fees
At current capacity they manage and execute over 15,000 digital transactions per day. In the following review, we analyze FXChoice as a trading platform so that you can decide if you should choose them as your primary broker or not. We look aspects such as customer service, account types, payments and trading conditions. This FXChoice Broker Review strongly suggests traders take full advantage of a demo account that is supported on both the classic and pro account types.
Trading Services Offered by FXChoice
FXChoice is operating as a No Dealing Desk (NDD) offshore forex broker, headquartered in Belize. According to experts, this does not necessarily reduce the level of security of the funds. FXChoice is fully regulated by FSC, Finances Services Commission Belize and this itself is a potential security measure. It also keeps its client’s money separated in institutions and away from the company’s funds.
