Sign In


Latest News

FX Choice Fees, Spreads and Commissions Reviewed ️ 2023

trading instruments

Pre-Installed Expert Advisors are programs that run on your MT4 and trade automatically on your behalf. FXChoice has preinstalled some of the most popular EAs on the MT4 platform. All you need to do to get started is to purchase the license directly from the vendor then activate it on your platform. FXChoice gives 24/5 customers support through telephone, live chat or you could complete a form to request a callback.

Low barrier to entry – The minimum deposit to start trading with FXChoice is just $100. 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. The Pro Account is available on MetaTrader 4 and MetaTrader 5. You must understand that Forex trading, while potentially profitable, can make you lose your money. CFDs are leveraged products and as such loses may be more than the initial invested capital.

When trading financial instruments such as forex, traders can often expect that overnight fees, or swap fees will be charged when positions are held for longer than a trading day. As with currency exchange markets, commodity markets offer different investment opportunities for traders. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of inflation or economic uncertainty.

However, we will keep them on the trusted brokers’ page because we have no complaints about them. Recently FX Choice has introduced ePay to deposit and withdraw funds from the account without free. However, when withdrawing from ePay to a credit card, you will still pay a 1% fee.

On the other hand, the Pro account is based on commissions with tighter spreads due to ECN. FX Choice Review was written to give a better idea to our students and traders about the conditions of the broker. We will point out the Pros and Cons and it is a personal choice if one will choose it as a broker.

To open an Islamic account, a client needs to open an account and go to the Profile section. By clicking on the Islamic accounts tab and following the easy instructions, they can submit the request and start using the account within seconds. Moreover, the platform has an internal risk management team that monitors all the management operations that ensure compliance with the regulatory policies. Due to the technical solutions and professional and popular MT4 and MT5 platforms, the trading performance is good quality. Besides, beginner traders will find education and great technical analysis developed by professionals.

deposit bonus

However, whatever the methods you use, the FXChoice minimum deposit is $100. The FSC also establishes the legal framework for the regulation of the offshore financial services industry in Belize. It also promotes and protects the interests of its members by developing and implementing effective regulatory standards for the provision of these services.

Brokers Reviews

If you were having fx choice reviewblems with specific trades, you need to contact us directly immediately and not vent your frustrations on a general public forum. Perhaps there was a problem that needs to be addressed and we didn’t notice it. Get up to 50% fiat deposit bonus upon completion of turnover requirements. There was a technical glitch in my account, they fixed that in a very professional manner. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation.


Note that deposits maintained by traders are kept in segregated bank accounts. For additional security, the platform uses tier-1 banks that measure the banks’ strength and health. Additionally, FXChoice needs to submit every data on trading volumes and unimpaired capital to be under the regulation of FSC Belize. It also needs a customer complaints process to hold the license. So, all in all, customer’s money is kept safe with FXChoice.

Additionally, the rollover fees apply depending on the trading instrument and asset class. For Islamic accounts owned by Muslim traders, there are no rollover fees. FXChoice is a market maker that executes trades every 4 seconds with a daily transaction volume totaling 150,000. The platform is constantly trying to improve trading conditions by introducing new and advanced technology that ensures fast trade execution and tight spreads. Our research shows that FXChoice’s multi-lingual customer service is consistently awarded for its customer care.

Trading Markets

This is something that even some top-tier regulated brokers do not provide so it helps them stand out from the competition. FXChoice offers its clients a comprehensive 8-chapter educational course designed to give new traders a solid foundation in the fundamentals of trading. 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 remain time-limited to 90 days. The best method to learn nowadays is online, and I have specialized in recording online trading courses, which brings the traders what they need to start trading professionally.

It gives you the opportunity to check on your trading whenever you want, wherever you are. Mobile platforms are becoming more common, but not all brokers off them. Lots of traders like to continue to learn about Forex trading, as there is almost always more to learn. More knowledge leads to better and more profitable trading. Payments can be in the form of the United States Dollar , the Euro , the British pound sterling , the Australian Dollar , the Canadian dollar , and, of course, Bitcoin. It provides a choice of direction for the Experts, compiling many EAs with one click and easier Magic numbers usage.

FXChoice Review – A Key 15-Point Quick Overview

As you work your way up the tiers, the trading commissions decrease. To upgrade through the tiers, clients can increase trading volume or deposit more equity. I think it is fantastic that the broker rewards you for your loyalty with cheaper trading costs. If you are using another broker and trading lots of volume, you can always reach out to them and ask for lower fees. Some might not advertise this but would still be open to it.

FXChoice provides demo versions of each of our account types in order to provide you with the finest demo testing environment possible. See all of our accounts’ individual details in the table below. The broker does not offer any form of training or guides, which is a huge oversight in our eyes. However, FXChoice does allow you to follow trading signals. These are provided by MetaQuotes and they can be used to shadow the trades of professionals.

FXChoice offers traders the award-winning MetaTrader4, as it is by far the most popular application in the Forex trading field. 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. Terms and conditions apply to both the bonus and the promotion. This kind of content generally appeals more to novice Forex traders as they try to figure out what they are doing and how to be profitable.

minimum deposit

The MT 4/5 mobile apps can be downloaded for free from any relevant apps store like PlayStore or AppStore. With 12+ years of industry experience, FXChoice is regulated forex broker that offer numerous trading assets, including forex, CFDs, commodities, and indices. Their clients can get benefit from the industry-leading spreads and cutting-edge trading technology. FXChoice offers numerous e-wallet and alternative payment methods to deposit or withdraw funds from your trading account.

You can trade 38 different currency pairs, including exotic markets such as South African Rand, Russian Ruble, and Norwegian Krona. There’s no need to be glued to your computer when you’re trading forex with an FXChoice broker. With the FXChoice MT4 and MT5 mobile trading feature, you can carry out transactions while on the go.

  • FXChoice is an established online broker who has been operating since 2008.
  • To change the leverage applied to your Live account, you need to log in to your MyFXChoice profile which is very quick and easy to do.
  • Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too.
  • Opening an account with FXChoice is a quick and easy process.
  • Further, the tool provides accurate statistics while ignoring misleading info.
  • It provides a choice of direction for the Experts, compiling many EAs with one click and easier Magic numbers usage.

Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by, nor shall it bias our broker reviews. There is an FX education hub that is dedicated to helping you improve your knowledge of the markets and trading skills. In this section, you will find eight chapters that cover everything from the basics of trading online to trading strategies and market analysis.

Book Review: ‘Age of Vice,’ by Deepti Kapoor – The New York Times

Book Review: ‘Age of Vice,’ by Deepti Kapoor.

Posted: Tue, 17 Jan 2023 08:00:00 GMT [source]

One of the notable of FX Choice is the range of funding and withdrawal options they offer. In addition to traditional methods like bank wire and credit/debit cards, they also accept a variety of e-wallets. This makes it easy for traders to fund their accounts and withdraw their profits. We’ll get more into account types lower down this review, but here it’s worth pointing out that not all FXChoice’s account types have the same leverage allowance.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *