FX Choice-Overview the Guide of This Broker

General Information & Regulation

Founded in 2010, The FXChoice brand is part of FX Choice Limited who are authorised and regulated by the International Financial Services Commission of Belize (IFSC), with regulatory license number IFSC/60/191/TS/18. FXChoice offers a series of trading products including currencies, indices, commodities and more through advanced MT4 & MT5 trading platforms.

Market Instruments

FX Choice offers investors access to popular CFD tradable instruments, mainly Forex trading, Cryptocurrency CFDs, Index CFDs, Commodity CFDs, and Equity CFDs.

FX Choice Minimum Deposit

FX Choice offers investors two types of accounts: Classic Accounts and Pro Accounts, with a minimum deposit of $100.

FX Choice Leverage

In terms of trading leverage, leverage ranges from 1:25 to 1:200 across both account types at FXChoice. These rates are fairly high and are not subject to the 1:30 cap found at most CySEC-regulated brokers. Details of margin requirements can be found in contract specifications and the product guide.

Spreads & Commissions

FX Choice Classic accounts have a minimum spread of 0.5 pips and no commission on forex trading. The minimum spread for the Pro account starts at 0 pips, and the commission for trading is $3.50 per $100,000 per side ($1.50 for high volume traders).

Trading Platform

FX Choice provides traders with desktop, Apple, mobile, and tablet versions of the industry-leading trading platforms MT4 and MT5 to meet a wide range of traders' needs and increase their trading flexibility, and if traders prefer to trade directly through their browser, they can trade on PC and Mac using MT4 and MT5. WebTrader - no download required! For traders with multiple accounts, FX Choice also offers traders a management system for multiple accounts (MAM) on MT4 for easy management and ultimate convenience.

Deposit & Withdrawal

FX Choice offers traders a variety of deposit and withdraw funds, including wire transfer, Skrill, NETELLER, VISA, Maestro, POLi, EPAY, VLOAD, STICPAY, Perfect Money, Fasapay, Paysafe Card. Withdrawals via wire transfer are subject to a 0.25% fee (minimum €150, maximum €1,000), withdrawals via Skrill are subject to a 1% fee, withdrawals via Fasapay are subject to a 0.5% fee per transaction (not less than $0.01), withdrawals via Perfect Money are subject to a 0.5% fee, and withdrawals via VLOAD are subject to a 0.5% fee. Withdrawals via VLOAD are subject to a 3.5% fee.

Trading Tools

FXChoice have a variety of third-party tools that can be used by clients looking for flexibility and assistance with their trading activities. Some of these tools are automated and will copy signals from other traders. It is imperative that traders understand the risks involved with trading and do not take historical performance as a reference for future results.

VPS

FXChoice offer clients their very own VPS (Virtual Private Server). A VPS is traders own source of stable power and resources that allows you to run your trading platform 24/7.

Customer Support

FXChoice multi-lingual global support is available 24 hours a day 5 days a week via online chat, telephone and email.

Accepted Regions

FXChoice are able to accept clients from most countries on account of offshore regulations, They do not accept clients from Afghanistan, Belize, Iraq, Italy, North Korea, Spain, Sudan, Syrian Arab Republic, Guam, Northern Mariana Islands, Puerto Rico, U.S. Virgin Islands, United States Minor Outlying Islands and American Samoa.