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FXChoice Review 2024 Trade forex with low spreads and fees

fx choice broker review

FXChoice offer both MT4 & MT5 platforms for mobile trading which is useful for those who need to trade on the go whilst away from their computer. You can access the platforms on your Android or iOS device to follow the markets and manage your positions. The MetaTrader apps are available free to download from the relevant app store. I use the apps all of the time to check my positions from the sofa, bed or whilst travelling around.

fx choice broker review

FX Choice Forex broker description

  1. The broker provides their clients with the MetaQuotes MetaTrader 4 and MetaTrader 5 platforms, which are two of the most widely used trading platforms in the world.
  2. Through Web Terminal, a trader can access their trading activities via a browser.
  3. You can choose from a variety of account types depending on your trading strategy and fund your account using a good selection of payment methods.
  4. In addition, FXChoice has partnered up with ZuluTrade to offer copy-trading solutions.
  5. Our partners cannot pay us to guarantee favorable reviews of their products or services.

Not only is the broker regulated, but they also have various systems in place to protect your funds. These include segregated client accounts and an internal risk management program. 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.

FXChoice accounts & fees

Client funds are kept in separate accounts, SSL encryption is used for data transfer, and two-factor authentication is provided for additional security. FXChoice also participates in the Investor Compensation Fund, offering coverage up to $20,000 per individual in case of financial difficulties. MQL5 Signals is the copy trading service embedded within the MT4/MT5 trading platforms.

Additional Features

In our experience, FXChoice is a leading online trading platform for forex and CFD trading, offering a secure environment for traders of all skill levels. Its wide range of tradable assets, low spreads, and user-friendly interface cater to various trading methods and preferences. FXChoice’s MT4/5 Pro account is designed for experienced traders seeking narrower spreads and direct market liquidity. With a higher initial deposit of 100 USD, it offers spreads starting at 0.0 pips on EUR/USD at 3.5 USD per side per standard lot. FXChoice’s MT4 Optimum account is a low-cost, entry-level forex trading option with a minimum deposit of $10.

Choose country

The broker provides clients with the easy to use MetaTrader 4 /5 platforms so that you can trade from your desktop and the MetaTrader mobile app. 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. FXChoice is suitable for all types of traders, whether you’re a beginner or already experienced.

How to deposit money into FXChoice?

Just like MT4, it is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). I will unable to access my account due to FXChoice not following their own process. They wanted me to send personal information twice and it felt like a scam. I have also had issues when it come to me withdrawing my money and refilling my account. In accordance with our research, FxChoice is a broker licensed and regulated by the IFSC. In order to be sure that FxChoice is not a scam, read our trader reviews and check other popular trading related websites and forums.

fx choice broker review

However, you have to open a pro trading account to use the MT5 platform with all trading instruments. For both the trading account types, the smallest trade size is 0.01 micro-lots! Through Web Terminal, a trader can access their trading activities via a browser. Additionally, FXChoice offers a VPS service, which enables clients to trade 24/7. For clients who want to run automated trading systems, this trading tool is highly recommended. If your trading account has a balance of $3000 or more, you can receive a free VPS.

The live economic calendar is one of the essential research tools that are available at FXChoice. It provides traders with the schedule of future market events and their expected impacts on the financial markets. I think this is a very important tool and always like to make sure I check for any pending news releases before making any decisions on my positions. The MT4 platform is one of the most popular trading platforms in the forex and CFDs trading industry.

The fact that they have been successfully operating for well over a decade shows that they are committed to offering a quality trading product. The Pro account has commissions up to $3.5 on top of the spreads but the spread themselves are smaller than on Classic accounts and start from just 0 pips. Is should be mentioned that different entities under FX Choice Brand offer to the traders different instruments because of regulatory restrictions. Assets for trading may vary based on the country of residence of the Client. The MetaTrader 4 Optimum account is perfect for traders who want to start with a small initial deposit and take advantage of higher leverage.

This is a huge advantage of choosing this broker, as bonuses for Forex traders can be hard to come by. 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. FXChoice offers diverse trading denominations to accommodate the needs of traders from different countries and with varying preferences. The Broker supports trading in multiple currencies, including USD, EUR, GBP, AUD, and CAD. With a margin level of 50%, this account type provides experienced traders with direct access to the world’s largest banking institutions’ liquidity.

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. Opening an account with FX Choice presents traders with two primary options. It offers various trading account types and tools with good spreads, customer service, and trading platforms, making it a reliable choice.

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