Primarily, when evaluating the trustworthiness of any broker, there are a few key factors to be considered. Eight years of experience in the industry positions the broker well as an authoritative source. A couple of components stand out to differentiate FX Choice from other brokers. Many companies of a similar stature and user base simply do not invest the time in becoming regulated at all.

Licenses are also essential as they will say more about the credibility of a broker. Those undocumented brokers may put clients’ finances in danger, and any capital invested to them is prone to great financial risks. FX Choice is a foreign exchange brokerage company that was introduced to the public back in 2008. Its head office is located in Belize, and after years of feat, it managed to enlist itself under a stock symbol.

FX Choice Compared To Other Brokers

1. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.
2. The FXChoice website includes videos with useful tips on how to use the platform.
3. As mentioned previously, one will need to pay commission with a Pro account, but not on the Classic account.
4. Not really sure what other support is given to traders besides the platform.
5. With FX Choice MetaTrader 5 for Android, you can trade various financial instruments anytime, anywhere.

FX Choice offers various funding payment methods listed in your FX Choice dashboard if available in your region. To learn more about the FX Choice funding and withdrawal options available in your area, you can explore the FX Choice website. This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

Non-trading fees

1. Additionally, FXChoice has a dedicated risk management department that constantly monitors all management operations, helping ensure that the broker complies with policy and regulator obligations.
2. Those undocumented brokers may put clients’ finances in danger, and any capital invested to them is prone to great financial risks.
3. FX Choice MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad.
4. Keep in mind that MT5 will take up as much as three times more disc space than MT4 as a download.

This also means that if you want to use a non-MetaTrader platform, you need to find a different Forex trading broker. FX Choice requires a minimum 100 dollar initial deposit for both Classic and Pro account holders. 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. We have systems and procedures in place to prevent unauthorised access, improper modification or disclosure, misuse or loss of information.

After 100 reviews a company can receive the highest rating, which is an average of their user ratings. Well, I think that every broker that doesn’t scam you is a nice broker. You just have to make sure that the broker you are considering is regulated. If you do so, you will be kind of satisfied that you are not putting your money just anywhere. All information on 55brokers.com is only published for general information purposes.

Does FX Choice offer a demo account?

If you’re interested in comparing FX Choice against other popular brokers in the industry, check out our FX Choice Vs pages. Our team has compiled a series of detailed FX Choice comparison articles, pitting the FX Choice platform against some of the best-rated FX Choice competitors in the market. Dive into our informative FX Choice Vs pages below to find out how FX Choice stacks up against other leading brokers. Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose. Furthermore, learning how to mitigate and manage investment risk is crucial.

After extensive research over several years, we have compiled a list of the most effective FX Choice alternatives available today. If you are unsatisfied with FX Choice or want to explore other options, we recommend checking out our carefully curated list of highly-rated FX Choice alternatives. Follow the links below to learn more about these FX Choice broker alternatives and choose the one that best suits your trading needs. The FX Choice team did resolve and answer our queries, but the email support from FX Choice was overall average compared to other brokers we have tested.

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. The tools include technical indicators for analysing charts, multiple chart time frames, multiple order types, strategy templates, automated trading via expert advisors (EAs), custom indicators and much more. A trading platform is simply a software interface that allows you to place trades. Trading platforms often come with charting, research, and order processing tools too.

We apologise unreservedly.We have already spoken with your client and explained the issue. As a gesture of goodwill, we decided, on this occasion, to reimburse the amount incurred by your client to make up for our oversight.We hope that this will bring an end to this ongoing issue for you. Only a copy of the trader’s ID is necessary to pass mandatory account verification. The online application process takes less than one minute to complete.

FXChoice has a very small learning curve thanks to its use of the award-winning and incredibly popular MetaTrader 4 and MetaTrader 5 platforms along with tutorial videos. The broker has a nice selection of more than 50 instruments available to trade across multiple categories. If you are using MQL5 Signals or expert advisors, keep in mind that some will be designed to work best with commission-free trading. Those particular ones would be best to use with a Classic account instead of a Pro one.As mentioned, you can make use of 30 technical indicators built into MetaTrader 4 or 38 built into MetaTrader 5. Both of these platforms also support the ability to download other indicators, allowing you to conduct your own technical analysis. Traders of all skill levels will appreciate that FXChoice offers MQL5 Signals, which can be particularly helpful for beginners who are unsure where to start with their strategies.

During market hours, however, the responses gathered were still within a few hours and provided the relevant information where required. Although potentially seen as few market options, the broker still manages to provide all of the majorly traded CFDs, and this offering allows them to tailor precisely the products which https://traderoom.info/fx-choice-forex-broker-review/ they offer to their users. The FX Choice MetaTrader 5 trading platform is available on Android smartphones or tablets powered by the Android 5.0 or higher operating system. Additionally, to connect to the FX Choice trading server.Take the time to understand all of the FX Choice Android MetaTrader 5 features.

Your choice of broker must not depend on how a broker worked for someone else. It is your trading journey and so don’t risk it by going by mere words. Do your own research and see whether the broker you are planning to use is worth risking your money or not. I personally feel that regulated or not, there’s no difference really.

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. A wide range of deposit and withdrawal methods is crucial to our clients, therefore we have enabled 13 ways to create an even better trading experience. After conducting extensive research for our FXChoice review, our team can confidently say that this is a reputable forex broker that’s extremely beginner-friendly.

We may also use your location information to develop anonymised analytical models to improve our services. The analysis is never personal, and you will never be identifiable. We gather and process your personal data for a variety of reasons and rely on a number of different legal bases to use that information. FX Choice customer service options extend to phone, live chat via the broker’s website, and email.