FX Choice Broker Review 2020

Are you looking to know everything about FX Choice Broker? You've just landed in the right place. Explore below to read more!

FX Choice - Unbeatable Trading Conditions

From all corners of the globe, thousands of traders have already benefited from FX choice's unbeatable trading conditions and rock-solid service.

Service information

Demo Account Yes
Minimum Deposit $100
Max Leverage 1:200
Spreads from 0.0
Type of Broker ECN
Tradable Assets Currencies 35+, CFD 5+ Gold, Silver, Stock Indexes, Oil, Other Commodities, Cryptocurrencies
Deposit Options Bank Wire, Skrill, Neteller, PerfectMoney, Vload, StickPay, Airtm, AdvCasg, Epay, VISA, MasterCard, Maestro, Cryptocurrency

Company information

Established 2010
Regulated by IFSC
Telephone 52 558 526 80 32
Customer Support 24/5 in 5 languages

FXChoiceBroker-Featured-DailyForexTrading.Net
FX Choice Review - Everything you need to know

FX Choice Broker was founded back in 2008 and started offering three main leaves of trading; Forex, Spread Betting, and Share Dealing Trading.

They have a head office in Belize, and they are considered as one of the Best Brokers in the Forex Trading Market.

When going for "Forex Trading," it's always a tough decision to find the "Perfect-Fit" for you because there's a risk involved in losing the money.


"FX Choice broker is now offering 15% bonus with no fees"

You've to answer the following questions before you actually head towards investing in the Forex Trading:

  • Is the broker regulated?
  • What are the pros and cons of the broker?
  • What are they offering?
  • Is there any withdrawal or deposit fee that you've to pay?
  • Are they offering "Account Opening Bonus?"
  • What type of account types do they have?
  • Do they offer different languages?

So, if you can answer all these questions (Not limited to) about a broker, then you can blindly trust them and invest in them.

If you want to have a bright trading future, then reviewing everything related to it is mandatory. In this article, we will completely review FX Choice Broker and enlighten you about "If the place is worth it or not."

 Without wasting any time further, we must get started!

Regulation of FX Choice Broker

Regulation is the most important thing when it comes to FX Choice Broker because you get to know, "Whether the platform is safe for the investment or not."

There's a piece of good news for you because FX Choice is regulated by one of the best regulations in the World known as the International Financial Services Commission (IFSC).

So, you don't have to worry about the Frauds and Scams being made on this platform.

Let's now move towards the account types of "FX Choice Broker."

Account Types of FX Choice Broker

There are two types of accounts that FX Choice Broker is dealing with:

  • Classic Account
  • Pro Account

Let's talk about the accounts in detail:

Classic Account

Minimum Deposit

Starts from $100

Spread

0.5 Pips

Minimum Lot Size

0.01 Lots

Maximum Lot Size

FX Market-1000 Lots and Cryptocurrencies= 5 Lots

Commissions

None

Swap Points

Dependent on market

Leverage

1:200

Lock Positions

50%

Execution

NDD and Market Execution

Stop Out

25/15

Currency Pairs

38

Spot Metals

Gold and Silver

EAs Permitted

Yes


Pro Account

Minimum Deposit

$100

Spread

0 Pips

Minimum Lot Size

0.01 Lots

Maximum Lot Size

FX Market-1000 Lots and Cryptocurrencies= 5 Lots

Commissions

$3.5 per $100,000

Swap Points

Dependent on market

Leverage

1:200

Lock Positions

50%

Execution

NDD and Market Execution

Stop Out

100/80

Currency Pairs

38

Spot Metals

Silver and Gold

EAs Permitted

Yes

So, these are the two types of accounts that FX Choice Broker is dealing with, and do let us know which one you are going for.


Pros


Cons

Perfect Place for the professionals

None

Different accounts for different types of Investors

 

The facility of Demo account is a plus

 

Now, it's time to move towards the "Trading Platform" and see what trading platforms they have to offer to their investors.

Trading Instrument of FX Choice Broker

There's no doubt that we all need different trading platforms and tools to get our trading journey going smartly. And to help you with this cause, FX Choice broker is offering you with the following trading platforms:

  • MetaTrader4
  • MetaTrader5
  • Mobile Trading

So, there's no such restriction of trading platforms, and you can use them on any of the available devices.


Pros


Cons

They have MT4 and MT5 for the Professionals and Amateur Investors

None

You can now trade on your phone and web

 

Best notification system

 

As we are done with the overview and brief details about different aspects of "FX Choice Broker," and now we must talk about the "Critical Detail" that you must know before getting started.


The spread of FX Choice Broker

There are two types of accounts that FX Choice Broker is dealing with:

  • Classic Account
  • Pro Account

Professional investors take Spread very seriously and all because of good reasons because it impacts their performance.

For the beginners, FX Choice recommends the Classic Account, whereas the Pro account is for the professionals.

  • Classic Account (Spread Starts from 0.5 pips)
  • Pro Account (Spread starts from 0 pips)

So, which account are you going for in the future? Do let us know in the comment section.


Execution Time

There are two types of executions that FX Choice Broker is dealing with:

  • NDD Execution (No Dealing Desk)
  • Market Execution

There's no room for the Instant Execution here, and you've to go for the above-given executions.


Commission and Fee

Commission/Fee is the important module of "Forex Trading" because we all know that a lot of brokers don't charge any fee from the beginner's account.

But, when it comes to professional accounts, they do have some commission and fee. Let's have a look at the commission and fee for both the account types.

  • Classic Account (No Commission)
  • Pro Account ($3.5 per $100,000)

So, these are the details regarding the Commission and Fee of "FX Choice Broker."

Let's now move towards the leverage/margins.


Leverage of FX Choice Broker

Leverage is always important for a Company to declare its firm's financial policy, and that's why most of the investors look for the "Leverage/Margins" before they actually head towards account opening.

There are two accounts of FX Choice Broker, and both have Leverage/Margins:

  • Classic Account (Leverage 1:200)
  • Pro Account (Leverage 1:200)

Let's now move towards the customer service of "FX Choice Broker" and see what they have to offer us with their customer services.


Customer Services

Customer Services are always important because if you want to help your investors/customers in all the way possible, then you should keep the best Customer Service team.

They have a faqs section on the website where you can easily find the answer to any of the problems you're facing. But, if somehow you're unable to find it, you can easily head towards the:

  • Live Chat
  • Email
  • Phone Call

And their prompt responses will surely help you get your answers.


Pros


Cons

Prompt Responses

None

Faqs sections in the website

 

Every customer service individual is knowledgeable

 

If you're satisfied with the performance, stats, and review of the "FX Choice Broker," you can open the account by following the steps down below:

How to open an account on FX Choice Broker

Opening the account is super easy when you've decided to go for the FX Choice groups. Follow the instructions down below, and you're done.

  1. The first step is to head towards the official website of the FX Choice Broker, and here's what you've to do next:

    FXChoiceBroker-RegisterAccount-DailyForexTrading.Net
  2. Now, click on the register button, and you'll be redirected to a page where they will ask you to enter information regarding "Account Opening."

    FXChoiceBroker-RegistrationForm-DailyForexTrading.Net
  3. Now enter the details they have asked you to enter and complete the "Three-Step" registration to get started.

  4. Once everything is confirmed, you're all set to head towards the World of "Forex Trading."


Pros


Cons

The account opening is super easy

None

No complications are involved

 

3 steps account opening

 

Now, you must be wondering about "How to withdraw profited money from FX Choice Broker," and the answer is pretty simple.

You can withdraw the amount without any obstacle coming your way.

Let's get started!

How to withdraw money from FX Choice Broker

If you want to withdraw money from FX Choice Broker, you'll have to follow the steps that we are breaking right now:

  1. Login to your account.
  2. Go to the withdraw option from the menu and choose the "Payment Method."

    FXChoiceBroker WithdrawDepositMethod DailyForexTrading.Net
  3. Enter the details and click on the "Make a request" button.
  4. An email will be sent to you with a confirmation link, and you've to click on it to proceed the payments.
  5. Once done, you'll get the payment within no-time.


Pros


Cons

Withdrawing the money is fast

None

A lot of payment methods

 

You'll get the money in your bank without any delay

 

As we are done discussing the account opening and how to withdraw money, it's finally the time that we talk about "Comparison" and MetaTrader Platforms.

FX Choice vs. Tradersway

Let us break down everything in a table in order to explain everything to you clearly.


FX Choice


Tradersway

Two types of account: For beginners and professionals

Four Types of accounts: For beginners, professionals, experienced and VIPs

Regulated by IFSC

Regulated by None

Founded in 2008

Founded in 2010

Maximum Leverage: (1:200)

Maximum Leverage: (1:1000)

Trading Platform: MT4, MT5

Trading Platform: MT4 and cTrader

A lot of payment and depositing methods. Including Bank Transfer and crypto transfers

A lot of payment and depositing methods. Including Bank Transfer and crypto transfer

 Now, it's time to talk about the trading platforms that "FX Choice Broker" is providing to you.


Trading Platform: Which one is best?

There are three types of trading platforms that "FX Choice Broker" is providing to you.

  • MT4
  • MT5
  • Mobile Trading

But, you must be wondering about which one to choose and which one is the perfect fit for you.


MetaTrader 5


MetaTrader 4

Pending Order Types: 6

Pending Order Types: 4

Depth of Market: Yes

Depth of Market: No

Technical Indicators: 38

Technical Indicators: 30

Graphic Objects: 44

Graphic Objects: 31

Time Frames: 21

Time Frames: 9

Economic Calendar: Yes

Economic Calendar: No

Hedging: Yes

Hedging: Yes

So, these are the differences you're going to get with Mt4 and Mt5, and clearly, Mt5 is the winner here. That's why we compel you to head towards those companies that provide you with the "Mt5 Trading Platform" because it has a lot to offer to the "Investors."

Do let us know "Which platform you've chosen for your Forex trading" in the comment section.

Let's now move towards the "Advantages and Disadvantages" of the FX Choice Broker.

Advantages and Disadvantages of fx choice broker

Yes, there are a few disadvantages of FX Choice Broker that you must keep in your mind before you head towards "Investing."

We will take a start from the advantages and then lead the pack towards the disadvantages.

Let's get started!


Advantages

  • They provide you with different discounts and bonuses for the active traders
  • They are regulated by the World's best regulation known as IFSC
  • They have more than 100k traders online
  • The minimum deposit fee is $100
  • They have accounts for both beginners and professionals
  • They are providing you with the best Customer Service


Disadvantages

  • They aren't regulated by the FCA- which isn't exactly a disadvantage, but a lot of people want this platform to be regulated by the FCA
  • They don't allow hedging

So, these are the advantages and disadvantages that "FX Choice Broker" is providing to you, and if you know any "Pros and Cons" of the FX Choice Broker, do let us know in the comment section.

Before we wrap up things, let us share the Bonuses, Contests, and Promotions detail of the broker we are discussing.

Let's rock and roll again!

FX Choice Broker Bonuses, Contests, and Promotions

Let's talk about the bonuses first:

You'll get 15% of the sum that you're going to deposit into your account for the very first time. But, you can't get more than a $5000 bonus, and even you can't withdraw the bonus amount as well. Additionally, the client can be rewarded with the amount of $10,000 a month regardless of "How much money they deposit in the account."

Currently, there's a promotion going on named "Loyalty Programme" in which the most active traders can get exclusion of "trading cost," and all the professional account holders are automatically enrolled by the broker.

Read more about the promotion here.

There's no contest now going on, and they are registering the new customers for the contest coming up. You can read the Instructions Here, and it is to tell you, they don't ask you for any entry fee.

That's all from the topic "FX Choice Broker," and if you have any questions in mind rolling, then feel free to contact us.

frequently ask questions

All clients’ funds are held in segregated accounts, absolutely separate from our corporate accounts. This, as well as the strict regulations we follow, ensures the security of your funds.

If you don’t login to your Demo account for 90 days it will expire.

The short answer is Yes, you can open additional demo or live accounts, without having to register a new profile. All you need to do is log in to your existing user profile, click on the Open live/demo account button and follow the on-screen instructions. By default, you can open 20 demo accounts and 15 live accounts.

Fxchoice accepts US clients. Accounts: Classic and Pro accounts are available, the first being commission-free with higher spreads. Hedging is allowed in the Pro accounts.

FXChoice labels itself as an ECN broker. They are not a market maker broker.

FXChoice ensures that all transactions are processed safely, securely and reliably, first and foremost by utilizing advanced encryption technology that guarantees your privacy and security. All communication is encrypted using SSL technology (Secure Socket Layer). Passwords are encoded, and we strongly recommend you keep your password secret. All personal information is completely confidential and we will not share your information with any third parties.

FX Choice is regulated. This means FX Choice are supervised by and is checked for conduct by the International Financial Services Commission (IFSC) regulatory bodies.

FXChoice is a brand name for FXChoice Ltd. FXChoice Ltd was established in 2011 with its headquarters located in Belize City, Belize. It is an ECN (electronic communications network) regulated Forex and CFD broker.

HOW CAN WE HELP YOU?

contact@dailyforextrading.net