FX Choice Review Honest Verdict & User Reviews Broker Review

Besides being already established in the sector for a number of years, traders will also be encouraged by the Pips+ program and the opportunity to benefit from discounted commissions. In the case of both platforms, the visual appearance is rudimentary in nature, but functionality and efficiency of order execution are unparalleled. Both are controlled with great flexibility through the left side, lower, and upper toolbars, which provide for every movement, order, and signal a trader could require. In addition to this, both platforms are set-up to integrate with one-click trading functionality, an economic calendar in the case of MT5, and MetaQuotes renowned EA and automated trading systems.

• Just fill out a simple report form with your personal and account details and your message.
• The platform also makes in the list of brokers of the worlds’ top forex.
• Whilst there is little difference in the offering of these trading platforms throughout brokers, they still perform at their functional best.
• He is recognized for his insightful analyses of global markets and data-driven trade ideas.
• This drops to $1.50 per side, per $100,000, with the broker’s Pips+ loyalty programme.

There are many licensed Forex / CFD brokers, and usually your country of residence determines which broker is the best for you, read more. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Classic demo or live accounts are available for the MetaTrader 4 software only. Pro demo or live accounts are available for use with either MetaTrader 4 or MetaTrader 5. For starters, it is nearly impossible to locate the names of the company’s founders let alone details about the growth and development of FX Choice.

Bonuses

When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling. According to their webpage, the brokerage is regulated by the Financial Services Commission of Belize. Traders are able to choose between MT4 Classic Account or MT4/5 Pro accounts. Yes – FXChoice Limited is regulated by the Financial Services Commission (FSC). With that said, the FSC is not a top-rated financial regulator like the CySEC or FCA.

Get up to 50% fiat deposit bonus upon completion of turnover requirements. Terms and Conditions apply, may not be available in all countries. Get up to 65% crypto deposit bonus upon completion of turnover requirements.

This allows clients to take full advantage of the emerging markets. 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. Traders who want to engage in social trading have two options at FXChoice.

Islamic Account

The many negative reviews online show that this platform can’t be trusted. Users often complain about fund withdrawal as most said their funds were unable to be taken out of the platform. Also, users complain they receive notifications that they debited their amounts without their knowledge and say that they don’t recommend working with the broker. The trading signals service is available as well which helps investors shadow the positions of experienced traders. Furthermore, FX Choice partnered with ZuluTrade to start offering copy-trading solutions and a VPS is also available for the investors.

Other advantages include rapid market execution and price improvements for all order types. These FXChoice reviews on Youtube are a great way to learn more about the broker and make your decision. ESMA, which stands for European Securities and Markets Authority, only impacts brokers licensed in the European Union.

Spreads for the FXChoice Pro Account start at 0 pips but vary depending on market conditions and trading instrument. Commissions when trading with the Pro Account are $35.00 per million US dollar notional value traded. So essentially, if you open and close 1 lot of USD/JPY, you’ll pay a $7.00 commission; however, if you open and close 1 lot of GBP/USD, supposing the GBP/USD rate is 1.4, you’ll pay a $9.80 commission.

Further, the broker does separate client funds from company funds. FXChoice accepts credit card and debit card withdrawals in addition to the options listed below. As a matter of policy, the same method of funding must be used for deposits and withdrawals. Three cryptocurrency pairs, six commodities, six index CFDs, and 55 equity CFDs complete the list.

FX Choice Product Offerings

Since FXChoice remains a regulated broker, account verification is mandatory to comply with AML/KYC stipulations. As mentioned earlier, we were impressed during this FXChoice review to see that a 15% deposit bonus for Bitcoin deposits. While it is withdrawable, the conditions https://traderoom.info/ remain time-limited to 90 days. MQL5 Signals is the copy trading service embedded within the MT4/MT5 trading platforms. FXChoice offers its clients a comprehensive 8-chapter educational course designed to give new traders a solid foundation in the fundamentals of trading.

We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. On the other hand, FXOpen has an extensive educational center covering topics such as fundamental analysis, technical analysis, risk management, money management, and more. You’ll also get updated news and an economic calendar to help you manage your trades more efficiently. To withdraw the money you may use wire transfers, credit cards, and cryptocurrencies like Bitcoin, Litecoin, Ethereum, and Ripple. You may also pay through Perfect Money, PasaPay, VLoad, Neteller, Skrill, ePayments, UnionPay, Trustly, PaySafeCard, UPayCard, and AstroPay, among others.

FXChoice Features

FXChoice offers a reasonable selection of over 100 financial instruments across different asset classes. They provide traders with industry-leading trading platforms to help traders get the most out of their trades. They offer various learning and trading tools as well as a responsive client support team. There is a choice of various trading account types, including Islamic and demo accounts.

All you need to do to get started is to purchase the license directly from the vendor then activate it on your platform. FXChoice’s focus on innovative financial technology allows clients to be ahead of the market curve and gives it a significant edge over its competitors. This robust infrastructure also allows for maximum safety of funds and transactions as well as near-instant market order execution. FX Choice offers a few deposit methods such as e-wallets, cryptos, card payments, Bitcoin, Ripple, and more but some methods are available only in certain jurisdictions.

Alongside the positives, it would be nice to see a more diverse range of research tools to support traders looking to expand their knowledge. The available options include wire transfers, various e-wallets and several well-known cryptocurrencies. The minimum deposit and withdrawal amounts vary depending on the payment method, as do any applicable fees.

You can open up to 20 demo accounts, but if you contact customer support, they will most likely be able to increase the number. Our reviewers also found that the relatively small spreads, low commission rates, and excellent bonuses make FXChoice a great place to trade. When paired with the fact that the broker offers a diverse range of markets, including CFDs, this adds up to an environment suitable for both beginner and veteran traders. The FX Choice Pro account charges commission at a minimum of $3.50 per 100,000 currency units traded.

• The transaction in which my withdrawal was included had 26 outputs, which means that it included the withdrawal for 26 clients.
• Unfortunately, the majority of existing FX Choice reviews read like the reviewer simply went to their website and wrote down everything it says.We aim to do much better with this FX Choice review.
• This minimum deposit requirement from FX Choice is quite usual and expected from many forex brokers in the sector.
• ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up.
• To withdraw the bonus from your account, you must meet certain trading volume requirements.

An index helps in spreading risk and reducing the time spent on trading. With trading instruments from the United Kingdom, Japan, Germany, and the United States, traders can select the indices that have a global impact. 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. fx choice review It has been a trustworthy and well-known broker catering to the trading needs of thousands of traders from across the world. It has collected multiple prestigious awards, and most of them are for its praiseworthy customer service quality. The FXChoice education series is separated into eight chapters and covers topics such as technical analysis, fundamental analysis and trading platforms.

Our review team found that the broker also boasts a refer a friend scheme. Existing traders can earn up to $250 for each person who registers and deposits using their link and the new client will also be rewarded with a one-time welcome bonus. The cost involved in depositing money into your account can vary drastically. For example, if you deposit via wire transfer, there’s a minimum deposit of €3000. While this is not an actual cost, our FXChoice review experts felt it could be somewhat prohibitive to smaller traders. The Classic account trades the usual spread based commissions, while the Pro account charges $3.50 per notional amount of $100,000 traded.

Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.

The forex broker also offers the Pips+ Loyalty program, in which all clients are automatically enrolled when they sign up for a Classic or Pro account. The program consists of five tiers and awards higher rebates and lower commissions for active trading. FXChoice offers decent spreads starting from 0.5 pips on the Classic account and very tight spreads from just 0.0 pips on the Pro account. Hence, the broker charges zero commission fees on the Classic account as they are already accounted for within a spread mark-up, while a very reasonable $3.5 per side commission is charged on the Pro account. Interestingly, high-volume traders on the Pro account are only charged a very low commission fee of $1.5.