Reviewed broker: FX Choice
Operated by FX Choice Ltd.
Location: Belize
Regulation: IFSC
ECN environment: yes
No dealing desk: yes
Note: At the time of this FXchance review, some parts of the broker’s website are not working properly and are giving errors
FX Choice Review : Range of Markets and Trading Features
Trading instruments: forex, CFDs, spot metals
Currency pairs: 28
Trading platform: MetaTrader 4 MT4, Metatrader 5, Mobile Trader
MetaTrader 4 (MT4)
Most popular option among traders is MetaTrader4 with rapid market execution, competitive conditions and interbank liquidity. The ideal platform for Forex trading with Expert Advisor feature, Auto trading options and various analytical tools and advanced charting options.
The platform is an ideal vehicle for international clients to trade Forex, CFDs and Precious Metals. It also offers Expert Advisor compatibility (Auto Trading
FXChoice Main Key Features Of MetaTrader 4 Trading Platform
- Very user-friendly
- Multi-lingual platform
- Chart analysis tools
- Multiple charts and analysis display
- Expert Advisor compatibility
- Instant and future trade placement
MQL5 Signals for FX Choice clients
MetaQuotes, the developers of the Metatrader 4 platform itself, offer one of a kind service called Trading Signals, where you can shadow, aka copy, the trades of experienced top traders (Signal Providers).
- Powerful Signal Service built right into your FXChoice MT4 platform
- No third-party software to install
- Designed for those new to Forex. No trading experience needed. Earn from Day 1
- Signals work well alongside other EAs or your own manual trading strategy
- Expert Signals are copied to your MT4 platform automatically
- Growing base of reliable Signal Providers
Myfxbook’s AutoTrade
FXChoice has integrated Myfxbook’s AutoTrade to it’s platform, so now traders can mirror service by trading community portal Myfxbook – one of the auto trading solutions today. In order to AutoTrade, just link your FXchoice account with Myfxbook profile. Then you can subscribe to the traders you wish to follow and copy.
Benefits of AutoTrade
- No joining fee
- No additional software needed
All trade mirroring is completely automated - Showing only the best systems
Saving you precious research time - Statistics
Only real and accurate statistics are shown, avoiding misleading performance reports
Trading accounts: Classic, pro
Demo account: available
Minimum trade size: 0.01
Maximum leverage: 1:200
Margin level for hedge/lock positions: 50%
Average fixed spread: 1.2 pips
Average floating spread 0.5 pips plus $3.86 commissions per standard lot traded
Expert advisors: yes
VPS hosting: free for traders with monthly balance of $3,000
Account types overview
MetaTrader 4 Classic Account
- Minimum deposit: $100
- Quotes to the fifth decimal place
- Tight spreads starting from 0.5 pips
- Minimum lot size: 0.01 lots (1 000 units of base currency)
- Maximum lot size: none
- Commission: none
- Swap points: according to market
- Maximum leverage: 1:200
- Margin level for hedge/lock positions: 50%
- Execution: NDD, Market
- Margin call/ Stop out: 25/15
- Tradable currency pairs: 28
- Spot metals: Gold, Silver
- Other instruments: CFD – Indices, Metals, Commodities, Energies
- Any EAs permitted
MetaTrader 4/5 Pro Accounts
- Minimum deposit: $100
- Quotes to the fifth decimal place
- Tight spreads starting from 0 pips
- Commission: $3.5 per notional amount (per side) of $100 000
- Minimum lot size: 0.01 lots (1 000 units of base currency)
- Maximum lot size: none
- Swap points: according to market
- Maximum leverage: 1:200
- Margin level for hedge/lock positions: 50%
- Execution: NDD, Market
- Margin call/ Margin stop: 100/80
- Tradable currency pairs: 38
- Spot metals: Gold, Silver
- Other instruments: CFD – Indices, Metals, Commodities, Energies
FX Choice Review : Payment options Deposits And Withdrawals
Minimum deposit requirement: $100
Payment methods: wire transfer, credit cards, Skrill, Neteller, Fasapay, Bitcoin, perfect money, epayments, trustly, asktropay, paysafecard, bitcoin
Account Currency:Accounts can be opened in USD, EUR, GBP, AUD, CAD, Bitcoin and Gold.
Why choose FXChoice to trade with?
Based on the broker’s website, FX Choice focuses on serving the clients with emphasis on business ethics and commitment for high quality assistance.
FX Choice Review : Customer assistance for the clients
Customer support: email, live chat, callback 24/5
How was the rating of Fxchoice performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Fxchoice FX broker performance and features.
Overall our online Fxchoice review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Fxchoice or you find inaccurate details Fxchoice broker review please get in touch with us and the changes will be applied.
