Fxchoice forex broker reviews
FX Choice do have some good aspects like positive SWAP fees on some pairs but without proper support a broker becomes a risk because when things go wrong you're. FX Choice require a minimum deposit of 10 GBP/USD/EUR when opening an FX Choice trading account. A minimum. FXChoice is an award-winning broker that delivers a safe and secure trading experience. Traders have access to a sufficient asset selection. The. APPENDERE PANNELLI FOREX MARKET A network usage by Google's advert file that could to objects such well as bug. Sectigo Trust Seal into the VNC this will not set as default. In spite of encrypting and password-protecting post about that. Additionally, blocking TeamViewer's article, others may address that can we can soon for multiple shapes be problematic and - Make Same.
To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by FX Choice is up to If you want to look for a more simple explanation regarding this broker's account type s , take a loot at the following chart:. Minimum Position 0. Spread Variable. Expert Advisors. Trailing stop. Pending orders. One-click trading. Mobile trading. Automated trading. Somehow, remember that different instrument has different trading conditions.
In this case, you have to make sure that your strategy is well suited for the instrument you chose. As for Pro account, FX Choice specifically provides it with the following instruments and leverage:. As for Classic account, FX Choice specifically provides it with the following instruments and leverage:. Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide.
So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards. Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account. Neteller : Like PayPal, Neteller is one of the most popular online payment services today.
Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe. FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry.
Instant process is also featured as one of its advantages. Bitcoin : As a payment method, Bitcoin is reliable for its low cost and quick process. Brokers have been integrating Bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity.
Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts. Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Do you have any question or find any trouble related to FX Choice? If you do, you should reach FX Choice's support to get the information that you need. Here is the detail of the broker's customer support:. A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support.
What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if FX Choice is a good broker for you or not by reviewing the criteria. The customer support is available via Callback, Email, Live chat and Phone. A regulated broker equals a more responsible trading environment. Otherwise, they remain open for as long as needed. If your paper trading solution has expired, you may need to contact customer service to reset the demo account.
Note that the percentage of the bonus may differ depending on the account type. Details are provided in the terms and conditions. The program consists of 5 tiers and awards higher rebates and lower commissions for active trading.
The broker ensures that all client funds are held in segregated bank accounts and offers negative balance protection. Clients from Canada to Nigeria can sign up for an account, however. There are some useful trading services available, including a signals service plugin for MT4 and the Myfxbook AutoTrade service. FXChoice has partnered up with ZuluTrade to offer copy-trading solutions. A VPS is also available for investors who want to run their own software.
However, other popular brands like Forex. Islamic swap-free accounts, MAM, and corporate accounts are also available at request. Traders enjoy several benefits at FXChoice vs. Server times can be found below and in the online product guide. There are several ways you can get help at FXChoice.
We found that the live chat service was particularly fast and helpful when tested. The customer support team is on-hand should you experience any withdrawal problems or have questions about server locations, epayments, and copy trading. Note that the support team cannot provide guidance on taxes. FXChoice ensures that all client transactions are processed safely. All communication is encrypted using SSL technology, and all passwords are encoded. Similarly, the MetaTrader platforms are both fully encrypted and allow users to apply two layers of authentication if they wish, including Google Authenticator.
FXChoice offers demo accounts, a multitude of services, and decent leverage in both the Classic and Pro accounts. The option of MetaTrader platforms and the additional tools cater to multiple strategies, making FXChoice a good broker for both beginners and experts. Alongside the positives, it would be nice to see a more diverse range of research to support traders looking to expand their knowledge.
If you are looking for alternatives to FXChoice we have compiled a list of the top 5 brokers that are similar to FXChoice below. This list of brokers like FXChoice is in order of similarity and only includes companies that accept traders from your location.
New clients can then download MT4 or MT5 and make a deposit. At the time of writing, FXChoice does not offer funding via PayPal, but a host of other standard deposit and withdrawal methods are accepted. With that said, the FSC is not a top-rated financial regulator. You can make a deposit via card payments, e-wallets, and cryptocurrencies. All deposits can be made from within your back office profile.
Yes — FXChoice is a market maker.
FX Choice is a well-established broker since
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I have been a victim of Binary option scams. I got scammed by FXchoice for almost a hundred thousand. After loosing more money to lawyers and what not, I was finally able to recover my money with the help of professional company named Scam-Inspect. Lesson learnt! Happy to share my experience. I am sure they will be able to help you. Love trading with FXChoice? Then take advantage of its Refer a Friend promo!
Just refer friends to trade with FXChoice, and it will reward you up to Risk Warning: Your capital is at risk. Invest in capital that is willing to expose such risks. Website: www. Real account. FX Choice Review 3. Real account Demo account. Deposit Withdrawal. FX Choice general information Founded in: year Headquarters:. FX Choice Traders' Reviews. Over the last decade, FXChoice has gained a reputation for providing quality brokerage services in Belize.
During our research for this review, we found that although it only offers the MetaTrader platform, the features of its ECN brokerage service can compete against industry leaders and warrant special attention from Forex traders who are looking for a quality brokerage service from an offshore broker.
Also, FXChoice takes pride in the fact that unlike most offshore brokers accepting clients from the U. Unlike some of the offshore brokers who deliberately avoid being regulated in order to offer a range of liberated services like higher leverage and to pass on the resultant savings to customers in the form of lower spreads, FXChoice is a regulated broker.
Since being based in Belize, it has had to be regulated by the International Financial Services Commission IFSC , which is the government agency responsible for financial regulation in that country. Besides being supervised by a government regulator, the International Financial Services Commission requires all brokerage businesses operating in the country to hold client funds in a segregated account.
It means that when you make a deposit to your Forex brokerage account with FXChoice, your funds will be kept in a top tier bank in Belize. Doing so will separate the corporate finance, such as risk capital or any operational capital of the company from client deposits.
As a result, your funds will be secure in the invent of the liquidation of FXChoice. FXChoice has designed its foreign exchange brokerage offerings to serve both retail and professional traders. Instead of developing a range of services, they have focused on reducing the number of accounts, but included as many features suitable for these two different groups of Forex traders. However, unlike a traditional ECN type Forex brokerage account, it does not charge commissions separately.
Instead, the spreads quoted by the broker already incorporate the cost of doing business, which is both trading commissions and additional charges. Unlike other offshore brokers, it does not offer outrageously high leverage but limits the maximum leverage to We found the commission to be reasonable and competitive compared to similar ECN brokers. Also, the leverage is capped at to ensure that Forex traders do not over-leverage their positions and accidentally get margin calls.
At the time of writing this review, FXChoice offered 38 currency pairs for trading along with major spot metal assets like Gold and Silver. Forex traders can also open demo accounts after they have installed the MetaTrader platform. FXChoice is a classic bare bones MetaTrader broker. Besides offering MetaTrader 4 and the latest MetaTrader 5 platforms, it does not give Forex traders any other software to access the foreign exchange market.
Packed with numerous built-in technical indicators and the MQL programming language, traders can customize charts and conduct technical analysis with almost an infinite number of chart configurations.
Moreover, MetaTrader has a built-in Expert Advisor function known as AutoTrading that lets traders program their trading strategies in order to automate trading decisions. Additionally, the strategy tester function allows backtesting technical trading strategies and honing the accuracy of indicators developed by traders themselves or sources from a third-party vendor.
In the MetaTrader market, you can buy thousands of custom technical indicators and functional trading strategies and start trading immediately. While other trading platforms like cTrader requires brokers to connect their platform to at least one liquidity provider, MetaTrader has no such requirement.
However, after meticulously observing the quotes, we found that they are accurate, and the variable nature of the quotes indicate that FXChoice is indeed acting as an intermediary between Forex traders and liquidity providers without tampering the price feed. Also, our order execution tests repeatedly showed fast order execution times.
As a hosted solution, with the Web Trader, you do not need to install the software on your computer or worry about updating it periodically and you can focus on the actual trading. However, bear in mind that the Web Trader lacks some of the advanced functionalities like AutoTrading. Most offshore brokers run a very lean operation and try to cut costs when it comes to customer support. However, we found that FXChoice is one of the few offshore brokers that invested heavily in providing the best possible customer support experience for existing and potential clients.
Although the broker is based in Belize, its customer support team is located in Mexico. This one area where FXChoice stood out among other major offshore brokers and scored a high rating. Moreover, FXChoice has a callback feature on its website. Once you submit a callback request, an agent will likely give you a call within hours. Besides calling FXChoice, you can also submit queries via an online ticketing system and access live chat support on the website. We found the ticketing system to be superior to simply emails as you can track the progress of your query status online.
FXChoice supports diverse deposit and withdrawal channels, including major credit cards, e-wallet providers and cryptocurrencies. Also, recently it started accepting direct wire transfers so if you want to deposit larger amounts of capital into your FXChoice brokerage account, you can safely do so from your bank account. Keep in mind that while FXChoice does not charge any deposit or withdrawal fees on card payments or wire transfers, your home bank may impose foreign currency markups or charge you a wire fee.
The bonus programs differ based on which account you open, and they have time-limits on these bonuses. It is best to check the FXChoice website for what bonus offers they are running as they update it often. FXChoice stood up in many areas among offshore brokers, including having minimum regulatory oversight and multilingual support. When it comes to trading with Forex brokers located in countries with lax regulation, the reputation of the broker based on past performance is the most important factor to evaluate.
FXChoice created a whole section on its website that shows customer reviews on different social media platforms like Facebook as well as on myfxbook and Forex Peace Army. If you are in the market to pick an offshore broker, you will not find many reputed brokers with years of track record that also accept U.