The company’s representative offices are located in many countries around the world. The Forex market is immense, seeing USD 4 trillion passes through it every day, making it the world’s largest market. This incredible volume brings liquidity and flexibility to the trader’s strategy. In 2016, the broker received LiveHelpNow’s Exceptional Customer Service accolade five separate times. In 2018, FXChoice became one of the LiveHelpNow Challenge’s Top 100 Companies.
MetaTrader 4
- This section of Fxchoice review 2024 will walk you through the details and Fxchoice pros with regard to Fxchoice regulation, besides the license, Fxchoice is maintaining continuity at the moment.
- Mobile versions of the mentioned above terminals are available for iOS and Android also to get an ability to trade from mobile devices.
- Trading terminals are limited to MetaTrader 4 and MetaTrader 5, though WebTerminal and Mobile Application are offered also.
- Despite being released after MT4, the MT5 platform is not offered by as many brokers when compared to MT4.
- Offering both MT4 and MT5, FXChoice gives you access to the world’s most popular forex and CFD-trading platforms.
Almost all of the video tutorials provided by FXChoice are available on YouTube. This allows you to access them without having an account and makes it easier to watch on a mobile device. Although FXChoice does not offer any educational PDFs in the traditional sense, the broker provides education articles in other forms.
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FXChoice has a 4-star rating with Forex Peace Army, which is based on existing and former client reviews. Their customer service is adequate considering their awards and feedback from the clients. You can get $25 for every $100 deposit our friends make on their accounts. You can even elevate your status on Fxchoice‘s platform to an affiliate one if you got 5 referrals to join FX Choice.
Overall, FXChoice is a reliable and well-regulated forex broker that offers competitive trading conditions, a wide range of trading platforms, and strong customer support. If you’re looking for a forex broker to trade with, FXChoice is certainly worth considering. The spreads are competitive, and new clients will appreciate that FXChoice offers both commission and commission-free account types, to suit your trading style. The Pip+ program offers additional savings, and regulation and risk management measures give you a secure client experience. Now that you have learned more about the broker, review FXChoice for yourself by opening a live account with a low minimum deposit.
- Among cryptocurrencies there are available on 3 main currency pairs.
- You can also enjoy 30 technical indicators, 31 graphical objects, and nine timeframes.
- Even though the account types are not as variable as one might wish for, the funding methods with FXChoice are quite impressive.
- Additionally, it would be beneficial to have access to a variety of tools for different types of investments.
Platforms
But the instructions are great and for that you get a lot of bonus. Encourage legitimate, satisfied customers to leave honest feedback to maintain the integrity and credibility of your company. Before you proceed, please read this important information about our review and rating policies. In the meantime, you may still continue to embed your ratings widget using the embed code below, in order to improve your ratings and visibility.
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The security of the client’s funds is their highest priority; they are being held in segregated bank accounts and provide negative balance protection. Trading terminals are limited to MetaTrader 4 and MetaTrader 5, though WebTerminal and Mobile Application are offered also. There is no cTrader terminal and no FIX API for direct connection, mainly used by algo traders. Offered number of trading instruments is below average and is less than 150 while other brokers may offer thousands of instruments available for trading. FXChoice has several ways to make deposits and withdrawals and the number of fx choice review available methods is fairly big. 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.
It might be a matter of reliability and reputation to forex brokers as its the main factor traders consider whether to trade with a certain broker or not. Add in the Belize regulatory oversight and what you basically have is a recipe for high-risk trading. This is not to say that you should not trade with FX Choice or that you cannot make money trading through FX Choice. FX Choice relies so heavily on its so-called Knowledge Base and frequently asked questions database that it could be easy to overlook how deeply unhelpful these tools actually are.
Considering how global and widespread the forex market is, also being the most fluid market in the world, it’s quite easy to have scams and frauds occur in such a huge sea of financial opportunities. The Fxchoice website is offering services in many languages from all over the world including English, Chinese, Thai and Portuguese, Spanish, and French. Based on the feedback, information, and requests received from all relevant parties, our team will formally notify the affected party of the alleged infringement. Following a thorough review, we will submit a counter-notice to reinstate any link that has been removed by Google, in accordance with applicable legal provisions. Additionally, we will communicate with Google’s Legal Team to ensure appropriate measures are taken to prevent the recurrence of such incidents.
Our broker review outlines the two types of accounts that are available from FXChoice, the Classic and the Pro. The two accounts are very similar, but they have slightly different pricing mechanisms, and we recommend that beginner traders choose the Classic account. You can open up 15 live accounts at FXChoice, however, which enables you to try out both types.
Are your clients’ funds held in segregated accounts?
Additionally, FXChoice may impose additional restrictions or requirements for traders based on their country of residence or citizenship. Traders should conduct their own research and seek professional advice if they have any questions about the eligibility requirements for opening an account with FXChoice. FXChoice has been launched in 2010 in Belize and so far is a broker that accepts clients worldwide. They pride themselves having more than 10 years of experience both as traders and a broker, as well claiming about processing 15 thousands transactions a day on average. Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more.
You will still find professional charting tools, support for traditional hedging and netting options, compatibility with Expert Advisors, and multilingual support. Our FXChoice forex broker review team can confirm that this is a highly reputable broker that boasts regulation from IFSC. Having been in business since 2010, with FXChoice you can now trade forex, cryptocurrency CFDs, index CFDs, and commodity CFDs on MetaTrader 4 or MetaTrader 5. FXChoice also stands out with its range of additional trading tools, from Myfxbook AutoTrade to hand-picked Expert Advisors. This adds up to a broker that’s not only perfect for beginners but experienced traders too. To fully gauge the suitability of FXChoice brokers for your investment needs, consider exploring their capabilities in global markets.
