We do not present any investment advice or guarantees for the accuracy and reliability of the information. The Web Terminal, available for both MT4 and MT5 users, allows users trade from their favorite browser without the need to download additional software. Get up to 50% fiat deposit bonus upon completion of turnover requirements. Although the broker lacks top-tier regulation, they have several security measures to ensure that all transactions are carried out safely, securely, and reliably.

After processing, the e-payment withdrawals are credited right away while the crypto timeline can take up to a few hours. Fees and spreads are higher on FX Choice compared to other platforms. The spreads start at 0.5 pips on their Classic account which has zero commission, while the Pro Accounts offers spreads from zero pips with a commission of $3.50 per side. This can decline to $1.50 per slide or $100,000 via the loyalty program. Both of these platforms are compatible with MAC Pcs and Windows.

Through this part of the Fx choice broker review, ill discuss my own experience with the customer support of Fxchoice and how it went. The headquarters is stated clearly on the FX Choice website where you can even view their location on google maps if you’d like. Mt4 is the most used, most popular, and award-winning platform in the forex market. The chart analysis tools and display along with expert advisors’ computability with instant and future trade placement made the platform one of the most favourable to the trades, beginners or professionals.

There is an opportunity for mobile trading which is simply due to the implementation of MT4 and MT5 apps that are both compatible with iPhone and Android devices. The apps offer as simple functionality as the desktop platforms with a little bit more benefits like push notifications and price charts. My FX Choice takes a unique position on trader education – which basically means they don’t offer much if any education. One unique exception is the CFDs guide they offer for download only via PDF.

FX Choice BROKER REVIEW

For traders seeking a dedicated Metatrader broker who has focused on crafting the most precise possible offerings aligned with those platforms, FX Choice is ideal. Besides being already established in the sector for a number of years, traders will also be encouraged by the Pips+ program and the opportunity to benefit from discounted commissions. FX Choice has been offering broker services to forex traders since 2010. Throughout this time, they have maintained their stability focused exclusively on Metatrader platforms. The broker is regulated in Belize by the International Financial Services Commission and currently carries out thousands of transactions daily for its large and growing user base.

Note that traders from the United States can also trade on this platform even though they are not regulated in the US. FXChoice is operating as a No Dealing fx choice broker review Desk (NDD) offshore forex broker, headquartered in Belize. According to experts, this does not necessarily reduce the level of security of the funds.

Saxo Bank

FXChoice offers both Forex and CFD trading opportunities to clients all over the world, including the US. You can trade 38 different currency pairs, including exotic markets such as South African Rand, Russian Ruble, and Norwegian Krona. In our review of FXChoice, we discovered a well-rounded Forex and CFD broker, which offered currency pairs, commodities, indices, and crypto CFD markets. The broker was founded in 2010 and is also sometimes known as myfxchoice. This is a thorough examination of HSB Securities & Equities Ltd, where you will learn everything about its offerings, trading platforms, exposures, etc.

The commission fee varies based on the specific instrument and the type of asset. In general, the commissions can be calculated as $3.5 per side or per notional amount of $100,000. With the copy trading feature, the platform allows traders to automatically copy the trading strategy of professional traders.

Overall this is a recommended broker based on all the above features and characteristics. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. Get up to 65% crypto deposit bonus upon completion of turnover requirements. Terms and Conditions apply, may not be available in all countries.

Unless you are only trading the ‘Majors’, stay away from this broker as there are many other more competitive ones out there.The only good thing about them is the latency on MT4 is great. FX Choice was founded in 2010 and although being a licensed broker, the negative FX Choice reviews show that the platform is not reliable for trading, some even outright calling it a scam. As well, both platforms offer their own dedicated suite of apps. Pro accounts are available for use with MetaTrader 4 or MetaTrader 5 software.

FX Choice Review

However, the broker implements various security features to ensure the overall security of clients’ funds. For example, FXChoice states that clients’ funds are held in segregated accounts that are separate from their company accounts and can therefore not be used for any other purpose. The time taken to process transactions may vary, depending on the payment method in use — bank transfers may take a few business days to clear, while some methods such as card payments can be instant. The broker provides traders with an FAQ section, which is located at the top right corner of the broker’s website. The FAQ section contains a well-detailed list of traders’ most common questions and their corresponding answers. It covers a good range of topics including General Information, Trading Accounts, Deposits & Withdrawals, MetaTrader Platform, and Trading.

• MT4 Apple or iOS app has a 4.8 rating out of 5 and in general, tens of thousands of users love this mobile app version.
• Belize, and the IFSC there, still represent a stringent financial regulator who exercises a degree of control and comprehensive oversight procedures.
• He is recognized for his insightful analyses of global markets and data-driven trade ideas.
• Also note that bank transfers are processed the same day by FXChoice, but can take up to 5 business days to be processed by the banks themselves and the broker has no control over this.

BlackBull Markets provide various trading platforms such as MetaTrader 4, MetaTrader 5, Social trading, etc. 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. The reason for this is that FXChoice has to make payments for the services rendered by a particular payment processor.

Here is a screenshot of the methods used by the broker for processing deposits. Please note that there might be additional fees when you make a deposit. It usually isn’t very high, but you might want to keep that in mind when working with big amounts.

They provide 2000+ trading instruments with multi-asset trading platforms. We will see about the detailed product guide of eToro along with its regulations in the following article. What makes FXChoice brokers one of the best trading platforms in the world are the unique trading platforms it offers to all kinds of traders. The broker platform offers MetaTrader 4 (MT4), and MetaTrader (MT5), both having advanced trading features for both beginners and advanced traders.

Whilst there is little difference in the offering of these trading platforms throughout brokers, they still perform at their functional best. This includes the provision of dozens of technical indicators and charting capabilities beyond many competitors in the industry. FX Choice offers a focused but diverse range of trading products and markets. This includes a total of 38 forex https://traderoom.info/ currency pairs comprised of both major and minor pairings and a total of 12 CFDs spread across indices, commodities, metals, and cryptocurrencies. FXChoice includes a number of banking options to make things as easy and convenient as possible for its clients. This includes bank transfers, credit and debit cards, and popular electronic wallet services such as Neteller and Skrill.

When using cryptos for deposits on real accounts, you get, pretty much the perfect start to your account where you can get a 65% extra bonus on your deposit. You’ll need to meet the criteria for the bonus and if you do then you are guaranteed a top-up with 65%. E-wallets are also present for funding including Skrill, NETELLER, FasaPay, Perfect Money, PaySafeCard, AstroPay, Poli, Payredeem, and more. With options like AstroPay, Airtm, Skrill, and Epay, there are 0 commission fees on them. One of the biggest advantages of using FXChoice is its excellent customer support services. Should you encounter an issue when using the broker, or simply have a question, you can find help almost instantly.

Commodity CFDs are available as well, including gold, silver, and crude oil. This gives you the ability to place trades in the world’s largest energy markets and gain the protection of precious metals in your portfolio. FXChoice has also collected several prestigious awards within the industry, many of which are centered around their excellent customer support services. NSE Now was an advanced online trading platform in the year of 2008 which was directly linked to the Stock Exchange of India.

Read further to know more about NSE Now and the reasons for its termination. IQ options Europe Ltd, a firm which is operating for a long time in financial services based in Cyprus facilitates operation in the European Economic Area (EEA). FXChoice accepts credit card and debit card withdrawals in addition to the options listed below. As a matter of policy, the same method of funding must be used for deposits and withdrawals.

Opening a classic (retail or pro) live account is once again a relatively simple and straightforward process. It is a relatively simple process to open a classic (retail or pro) live account. All that to say, if you are hungry for information about the online brokerage you work with, you will stay hungry by choosing FX Choice. But then again, as long as they have the instruments you want to trade and you are making bank, perhaps this kind of information is overrated. If you were an EA user, you can get a free VPS service with that bonus too. This bonus is available on non-crypto deposits and it can reach up to $10.000 per month.

I hate the fact that when I adding more lots they move my original entry price to another price. I have been using this forex broker for the last 4 years and my experience has been positive. I can trade various instruments such as gold, silver and even cryptocurrencies such as bitcoin, ethereum and ripple. There even have an account available that is denominated in bitcoin, which is really wonderful, since your account will naturally grow as bitcoin price increases.

To make that even easier they offer a 15% deposit bonus to those new clients. As the referring client, you earn $25 for each $100 deposited up to a maximum of $250. Those on Classic profiles receive a rebate on their spreads, which can go as high as $20 per $1 million traded. They are committed to the most ethical business practices and strives to provide the best exchanging environment possible. They also have a heavy emphasis on customer service, proven by the numerous awards achieved over the years. This is backed up by a no-dealing desk approach that avoids any conflict of interest and provides traders with excellent fund security.

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. The FXChoice security measures are excellent, too, as they do everything in their capacity to protect clients’ capital. The deposits are held safely by the platform in segregated accounts, and they are kept entirely separate from the corporate ones.

When paired with the fact that the broker offers a diverse range of markets, including CFDs, this adds up to an environment suitable for both beginner and veteran traders. Tradingcritique.com offers an updated broker review of XM broker this 2023. They offer numerous trading platforms along with financial instruments. Traders who want to engage in social trading have two options at FXChoice. MQL5 Signals, embedded within the MT4/MT5 trading platforms, and Myfxbook Autotrade represent two industry leaders in the social trading scene. It remains free of charge for clients with portfolios above $3,000.