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FX Choice Broker Review Should You Be Using This Forex Broker?

FX Choice Broker Review Should You Be Using This Forex Broker?

FX Choice Broker Review Should You Be Using This Forex Broker? 150 150 Marketing Bluke

This opens up more options beyond the Pro versus Classic to ensure that your account is exactly what you need it to be. If you decided to get a Pro account, you get a choice of desktop platforms. The average spread for the Classic account is 1.2 pips on EUR/USD; the average spread for the Pro account is 0.5 pips on EUR/USD and $3.86 per lot.

  1. These are the reasons why FX Choice is likely to be around the industry providing forex broker services for many years to come.
  2. There is an FX education hub that is dedicated to helping you improve your knowledge of the markets and trading skills.
  3. Yes – FXChoice Limited is regulated by the Financial Services Commission (FSC).

The mobile app is great for me to check my positions from anywhere at any time. The web version of the platform is also very good as it can run in any web browser on any device, whilst always being up to date. You can access your account seamlessly across all versions of the platform. You can make a deposit via card payments, e-wallets, and cryptocurrencies. FXChoice offers a Virtual Private Server (VPS) which is free if your account balance exceeds $3,000 and you trade at least five lots during each billing cycle.

FX Choice Product Offerings

However, whilst both platforms initially look and feel very similar, the MT5 platform has more technical tools and provides access to the stock market, in addition to other asset classes. However, the broker implements various security features to ensure the overall security of clients’ funds. For example, FXChoice states that clients’ funds are held in segregated accounts that are separate from their company accounts and can therefore not be used for any other purpose.

TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. I found there to be a wide variety of Forex and CFD instruments available to trade, catering for all different types of trader. You can choose from popular currency pairs, trending cryptos, individual stocks and major stock indices. If you are looking to trade stocks then you might want to look at another broker such as TMGM who have plenty of stock instruments.

Measured against 12 unique values, Challenge winners are amongst some of the best customer service providers in their field. The achievement reflects the professionalism, skill, care and constant endeavour to provide better customer service. This is what defines companies who rank among the top 100 in a global field of more than 10,000 businesses. I can back this up as I have always received excellent support over the years that I have held my account with them. If you want to practice trading online before committing real funds, there is the option of opening an FXChoice demo account. This account is completely free and comes preloaded with virtual funds so that you can practice your trading strategies risk free.

WITHDRAWAL METHODS

Download the Metaquotes MetaTrader 4 Program free of charge from Apple’s App Store. FX Choice customers have instant access to the financial market and can completely manage a Portfolio on the go. FX Choice are able to accommodate various levels of traders whether you are experienced or a beginner.

The Pips+ programme is a way for active traders to reduce their trading costs. The programme consists of five tiers and all MT4 & MT5 Pro account holders are automatically enrolled. I really like this feature and think it helps them to differentiate from many other brokers. FXChoice have a good variety of third-party tools that can be used if you are looking for flexibility and assistance with your trading activities. The MT4/MT5 platforms should have enough tools for most traders, not to mention you can get thousands of free and paid add-ons for them.

Similarly, the MetaTrader platforms are both fully encrypted and allow users to apply two layers of authentication if they wish, including Google Authenticator. We found that the live chat service was particularly fast and helpful when tested. Islamic swap-free, MAM, and corporate options are also available at request. There are some useful trading services available, including the Myfxbook AutoTrade tool. There is also a selection of Expert Advisors for MT4 to download, including the GPSForexRobot for scalping, plus pip calculators.

FX Choice Account Opening

This is an excellent feature as it helps particularly for strategy testing. MT4 was developed by trading software company MetaQuotes and has won multiple awards. The FXChoice version of MT4 combines the platforms standard features with real-time price feeds from global markets, fast execution speeds, competitive conditions and interbank liquidity. It has a user-friendly interface and multiple built in tutorials for beginners whilst having a great range of technical indicators and functions for the more advanced traders. FXChoice provide you with some of the best trading platforms for Forex and CFD trading – MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These are both excellent platforms that give the average retail trader quick and easy access to trade the markets.

I put 10k USD over a year ago with…

The FX Choice phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by FX Choice and found that they could assist us in various languages. Our team tested the live chat support of FX Choice and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all. While learning, you can also use global trading times to practice making live buy or sell trades using FX Choice.

Opening a classic (retail or pro) live account is once again a relatively simple and straightforward process. It is a relatively simple process to open a classic (retail or pro) live account. Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun. In doing so, we often feature products or services from our partners.

FXChoice is a regulated online broker where you can trade an excellent range of financial instruments, including Forex, Cryptos, Stocks, Indices, Commodities, Precious Metals & Energies. The broker provides fx choice review clients with the easy to use MetaTrader 4 /5 platforms so that you can trade from your desktop and the MetaTrader mobile app. Traders who want to engage in social trading have two options at FXChoice.

FXChoice auto trading, also known as algorithmic trading, is a method of trading foreign currencies that uses pre-programmed software to automate the trading process. The software uses mathematic based models to analyze the current markets and make trading decisions based on different analysis. However, the company has a number of different fee structures in place, which can make it difficult to determine the total cost of using its services. But the good thing is that FXChoice don’t have any fees or conversion charge for deposit.

If your country is not accepted, please feel free to browse our broker ratings for an alternative. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with FXChoice please share your personal review of the broker and what you think are strong and weak points. It is quick and easy to sign up for an account from the broker’s homepage.

Commissions

In terms of security, FXChoice takes the protection of client funds seriously. The broker keeps client funds segregated from its own funds, ensuring that in the event of any financial difficulties, clients’ funds are separate and can be returned to them. This segregation of funds provides an additional layer of security and gives traders peace of mind. 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.

The important difference between the two is that the Classic account is commission-free and therefore offers higher spreads. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways. CFD trading gives participants direct market exposure without having to take ownership of the underlying asset.

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