FXChoice Review 2023 FXChoice Broker

FXChoice Review 2023 FXChoice Broker

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Account registration was a breeze👍👍👍well done #Fxchoice. I’ve been with Fx Choice for almost 10 years and never had any issues. Sadly, they don’t accept US customers anymore but I’m fortunate enough to be able to trade with them and keep my account with the best offshore brokerage there is. Good luck, you will understand why they are so generous to give you bonuses on your first deposit or very generous commissions to find them other clients.

FXChoice offers a weekly live webinar, which is held each Monday and offers valuable insight. Traders may face internal withdrawal costs, depending on the payment processor. 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. The situation always gets worsen for unlicensed brokers when some institutions issue a warning against them. Another financial authority from the Spanish regulator CNMV has blacklisted the broker for public to see.

10 Best Forex Brokers in 2023: Top 10 FX Trading Platform … – ABC Action News Tampa Bay

10 Best Forex Brokers in 2023: Top 10 FX Trading Platform ….

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Per data on the website, FXChoice aims to respond to support tickets within 24 hours. VPS hosting is available free of charge for clients with portfolios above $3,000. All corporate actions, which FXChoice forwards to clients, are listed. On its website, FXChoice notes its registration number with the International Financial Services Commission of Belize, its sole regulator. The IFSC emerged as a primary choice for brokers seeking a competitive, regulatory environment.

Customer service is terrible and got robbed

It’s like studying many teachers, but they don’t speak, and you have to discover their strategies. After I make a research on the internet, everyone is exposing this fraud platform. No, it is currently not effectively regulated and you are advised to be aware of its potential risks. However, have you ever wondered or are you wondering which platform you should use? The article details the similarities and differences between the two and gives specific advice.

The fact that they have been successfully operating for well over a decade shows that they are committed to offering a quality trading product. Our expert review team found that FXChoice is the best broker for those who wish to access increased leverage. Continue reading to discover more about the broker, and how to pick up a generous new trader bonus. FX Choice offers a virtual private server that is free for accounts that have a balance above $3000 and for users that trade five lots in each billing cycle.

CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors. It is possible to lose some or all of your money and investment. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We provide objective and unbiased reviews, analysis and commentary.


Anthony Gallagher is a financial journalist and forex expert with years of experience in the industry. Anthony’s writing is informed by personal trading experience, which he uses to help other forex traders improve their results. Anthony has tested dozens of forex trading tools and written hundreds of articles for many well-known sites in the industry. He is recognized for his insightful analyses of global markets and data-driven trade ideas.

Our reviewers also found that FXChoice has its own internal risk management department, which thoroughly monitors every decision and operation the management makes. This ensures that the broker is always in complete compliance with its regulator. Our reviewers found that FXChoice does not, however, accept traders from Italy, Spain, North Korea, or Belize.

They are usually broadcast to the broker’s clients via the internet. During the live webinars, the host and other key speakers share PowerPoint presentations, videos, web pages, or other multimedia content with traders, irrespective of their locations. FXChoice’s live webinars are designed to help all levels of traders to grow their trading knowledge and become even better traders. I have been using this forex broker for the last 4 years and my experience has been positive. I can trade various instruments such as gold, silver and even cryptocurrencies such as bitcoin, ethereum and ripple.

However, you will need to trade a minimum of 5 lots in a billing cycle to keep it free. Platform is popular with traders because it offers a wide range of features, including charting, analysis, and order management tools. The MT5 platform allows traders to execute a variety of trading strategies.

Good broker that I can recommend

Here is a screenshot of the https://traderoom.info/ used by the broker for processing deposits. We compare the number of assets with other brokers, that is why we can definitely say that the options are much narrower. You might say that these choices are good enough for most traders, and this would be correct.


This varies depending upon the pairs which are traded and usually average out to around 0.5 – 0.8 pips per trade on major pairs. This often brings the pro account costs into line with the classic account offered by FX Choice, which operates on a commission-free basis with a marginally higher spread. FX Choice offers a focused but diverse range of trading products and markets. This includes a total of 38 forex currency pairs comprised of both major and minor pairings and a total of 12 CFDs spread across indices, commodities, metals, and cryptocurrencies.

If you like losing your money deposit your money on FXchoice

I would say that if you are looking to trade forex only, then MT4 will do the job. If you want to branch out into other markets and have complex trading strategies, then you may wish to edge more towards the superior platform in MT5. I think it is worth mentioning that you can also get both MetaTrader platforms along with the excellent cTrader platform through another top broker in Pepperstone.

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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. There is an opportunity for mobile trading which is simply due to the implementation of MT4 and MT5 apps that are both compatible with iPhone and Android devices. The apps offer as simple functionality as the desktop platforms with a little bit more benefits like push notifications and price charts.

FX Choice Review [todaysdate format=”Y”]

Customer support is another aspect where FXChoice truly shines, as evident by their winning of the 2020 LiveHelpNow Challenge. Clients have access to 24/5 assistance, most conveniently via live chat, and a callback option exists, along with a web form. The FAQ section answers most of the common questions, and FXChoice states it attempts to respond within 24 hours. There is also the possibility of registering corporate or MAM accounts. This and a range of other features and offerings are points which we will delve deeper into through the course of our FX Choice broker review.

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This means client funds are strictly separated from the company ones. Deposit & withdrawals – this is often a painful topic for traders, but FXChoice have a wide selection of options, many of which are free to use. Maximum fund security – FXChoice’s multi-jurisdictional regulation ensures client fund segregation, so traders can have peace of mind that their funds are safe.

Many deposits and withdrawals methods are available in FX Choice, like many cryptocurrencies, visa, MasterCard, perfectmoney, skrill, neteller, astropay and many other options. This allows you as a trader to gain access to several of the world’s largest markets with a very minimal amount of starting capital. This is one of the most appealing aspects of using FXChoice. Our FXChoice review team noted that the broker has an extensive FAQ section, which is both easy to understand and thorough. You can also contact customer service agents via live chat, email, and telephone.

You will get at least 10 different ways to withdraw your fund. Just keep in mind that there can be no guarantee on just how well these trading signals will perform and historical results are not an inclination of future performance. All trading online carries a significant element of risk that you should be well aware of. This is an account which traders of the Muslim faith can apply for once they have registered with the broker.

There are many different types of Expert Advisors available with the FXChoice, so it’s important to do your research before choosing one. While most of the necessary EAs are available for free, the advanced EAs are needed to be purchased. Some work with specific trading platforms, while others can be used with any platform. Once you’ve found an EA that meets your needs, you can simply load it onto your trading platform and let it do the rest. FXChoice broker offers MT4 and MT5 trading platform that supports Forex, stocks, indices, commodities, and cryptocurrencies. The platform has multiple features to make trading easier and more profitable.

  • To qualify for the fourth tier, traders must have an account balance that exceeds $10,000, and trade a minimum of $10 million in volume, which equals approximately 50 standard lots.
  • Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
  • This is why the simplicity in the design wins – it is very user-friendly.

There is no note of inactivity fees, though holders of demo accounts should log-in to their account within a 60-day period to avoid expiration. Traders should be aware there is also a $25 wire transfer withdrawal fee. The broker also operates an active trader program called Pips+. This rewards traders who have deposited more than $10,000 with a progressively reducing commission on trades.

As an example, the margin per contract starts from 2,214.90 on WTI Crude Oil. fx choice broker reviewPeaceArmy.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. We are committed to the fair handling of reviews and posts regardless of such relations.

Advanced Markets BROKER REVIEW

The minimum deposit required from holders of either a classic or pro account is $100. This minimum deposit requirement from FX Choice is quite usual and expected from many forex brokers in the sector. FXChoice have a good range of trading products and services that caters to a broad spectrum of traders. From all corners of the globe, thousands of traders have already benefited from the brokers superior trading conditions and excellent cutomer service. Based in Belize, FXChoice is a retail trading broker that opened its doors in 2010. The broker has since grown to become one of the leading ECN trading brokers, ensuring speedy trade executions at some of the best prices on the market without the intervention of a dealing desk.

  • Therefore, both beginners and experienced traders can find what they want to trade on FX Choice.
  • Our research shows that FXChoice’s multi-lingual customer service is consistently awarded for its customer care.
  • You can use it for free if you have a total of $3000 FXChoice balance.
  • Later chapters take things to a much more advanced level, explaining complicated charting patterns, fundamental analysis and technical indicators to mention just a few things.

So since I was able to get a better understanding of the withdrawals, I felt it was appropriate to update my review rating. Other essential features of the MT4 include a plethora of implemented trading tools that enable quick and easy market analysis across multiple chart types and timeframes. I gave them management of the account through their money manager.

There are many licensed Forex / CFD brokers, and usually your country of residence determines which broker is the best for you, read more. Moreover, an internal risk management team monitors management operations to ensure that they comply with regulatory policies. Interestingly, the broker uses advanced encryption technology to help guarantee your privacy and security when transactions are being processed. Hence, all communication data is encrypted using SSL technology .

The latter account shows a 0.6 pips spread or $6.00, but a commission of $8.20 applies for a total cost of $14.20, making it more expensive than the commission-free account. FXChoice lists swap rates on leveraged overnight positions in its FAQ section under Rollover Policy. Internal withdrawal fees may apply on top of third-party charges. FX Choice customer service options extend to phone, live chat via the broker’s website, and email. These standard options are available on a 24/5 basis, as with many competing brokers.

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