FXChoice Review 2024 Key Features, Pros, and Cons

That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets.

You should consider whether you can afford to take the high risk of losing your money. To ensure that you have no problem placing trades or getting to know MetaTrader 4 and MetaTrader 5, FXChoice has platform tutorial videos in the FAQ section for each platform. You can also access some of these videos on the designated pages of FXChoice’s website for MT4 and MT5. To help you choose reliable traders to follow, AutoTrade shows only the top systems. It also lets you view accurate statistics so you can make an informed decision as to who to follow.

Avatrade Review 2025: A Complete Analysis of Special Features, Fees & More

FXChoice does not provide binary alternatives or get the right of entry to NASDAQ, USDTRY, or platinum. The website clearly states they are not regulated by regulatory bodies like the Commodity Futures Trading Commission (CFTC). FXChoice USA does not follow US regulations and does not work with clients living in the USA. XTB is authorised and regulated by the UK Financial Conduct Authority (FRN ), with its registered office at Level 9, One Canada Square, Canary Wharf, London, UK.

• It has a minimum deposit requirement of $100 and offers variable spreads.
• Yes, FXChoice offers a demo account stocked with virtual funds, allowing users to practice techniques and become acquainted with the trading platform without incurring any risk.
• This regulatory framework mandates stringent measures such as segregating client funds from company assets and conducting regular audits to promote financial accountability.
• Moreover, in that time, the broker has not faced any major scandals.

How do I open an FXChoice account?

FXChoice offers a robust educational platform for traders of all experience levels. A weekly live webinar is held every Monday, providing valuable insights into trading strategies and market trends. The broker’s extensive FAQ section answers common queries and helps traders get familiar with the platform. FXChoice’s MT4 Optimum account is a low-cost, entry-level forex trading option with a minimum deposit of $10.

Almost all of the video tutorials provided by FXChoice are available on YouTube. This allows you to access them without having an account and makes it easier to watch on a mobile device. Although FXChoice does not offer any educational PDFs in the traditional sense, the broker provides education articles in other forms. There is an extensive FAQ section with dozens of categories including some educational topics, such as Expert Advisors 101 and the Common Knowledge sections. However, Myfxbook, unfortunately, has imposed a $1,000 (or equivalent) minimum account funding requirement, which may move it out of the range of beginning traders.

A Forex Tour?

Start your forex trading journey with FXChoice today and experience the benefits of a trusted and reliable broker. TAKE ACTIONOpen an account on the broker website.COMPARE BROKERSee what benefits one offers over the other.CHECK THE FOREX GUIDESTrading financial markets has never been easier. Methodology updates are made so that new broker features and products are taken into consideration. Review updates ensure that all the information we provide is current and correct.

Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. FXChoice is a Belize-based forex broker that has been in operation since 2010. It is known for providing a wide range of trading instruments, including major and minor currency pairs, as well as commodities and indices. The broker offers both the MetaTrader 4 and MetaTrader 5 platforms, which are widely recognized as the industry standard for forex trading. A trading platform is simply a software interface that allows you to place trades.

MetaTrader 5 features 38 technical indicators, 44 graphical objects, and 21 timeframes built-in. It also has an economic calendar integrated and an embedded MQL5.community chat. The strategy tester in MT5 is both multithreaded and multicurrency with real ticks.

• Additionally, at the bottom of the page, there are links to Instant 24/5 Support with the same options, plus a link to the FAQ section.
• The platform’s design focuses on intuitive navigation and accessibility, allowing traders of all skill levels to efficiently execute their strategies.
• Both MT4 and MT5 offer a user-friendly interface, advanced charting capabilities, and a wide range of technical indicators and expert advisors.

All the services on the Tradersunion.com website are free for you to use. Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs.

Social trading

FXChoice makes mobile trading convenient with its MT4 and MT5 mobile apps, compatible with both iPhone (iOS) and Android devices. These apps offer much of the same functionality as the desktop platforms, allowing traders to manage their accounts, analyze markets, and execute trades on the go. Key features include interactive price charts and push notifications to stay updated on market movements. IPad users benefit from the ability to display multiple charts in one window for better analysis. The apps are available for download on the App Store and Google Play, making mobile trading easily accessible. To further enhance your trading experience, the FXChoice mobile app offers real-time market data, customizable alerts, and a full suite of trading tools.

When it comes to trading on the foreign exchange market, having the right broker by your side is crucial. With so many options available, it can be overwhelming to choose the right one. In this comprehensive FXChoice review, we will take an in-depth look at this popular forex broker and help you determine if it is the right fit for your trading needs. 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. 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.

Deposit Options:

One of the standout areas of FXChoice is that this broker does not charge any inactivity fees. This is a very nice trait that beginners will particularly appreciate, as it removes the pressure to constantly trade. Both deposit and withdrawal fees vary by payment method, but options with no fees are available for both deposits and withdrawals. Our FXChoice forex broker review team can confirm that this is a highly reputable broker that boasts regulation from IFSC. Having been in business since 2010, with FXChoice you can now trade forex, cryptocurrency CFDs, index CFDs, and commodity CFDs on MetaTrader 4 or MetaTrader 5.

Additionally, the broker offers a Pips+ Loyalty Program, where traders are automatically enrolled when they sign up for a Classic or Pro account. The loyalty program consists of five tiers, with higher rebates fx choice review and lower commissions for active traders. To qualify for the fourth tier, traders need a balance exceeding $10,000 and must trade at least $10 million in volume. FXChoice also occasionally offers other bonuses, including a 50% welcome deposit bonus. With the Pro Account, you gain access to lower spreads and a commission-based structure, which can significantly enhance your trading profitability. This account is tailored for experienced traders seeking advanced trading conditions.

After BTC deposit youll pay 10% fee (and you must wait X hours) for deposit and as a kind of “good faith” they gave it those 10% to your acc as a bonus… I trade WTI in time when it drops to 0 which wasnt bad it was good actually but these put swaps on every position which isnt weird but swaps was $2000 per 0.1 lot. So i started saving my account every profit I made I cut piece of swap and when it started to look good they came up with new high …. They put another swaps 2 weeks earlier just to “protect clients” as they said…. Im glad they take alot of time making my MaM account so my clients didnt send money to them.

FXChoice has a 4-star rating with Forex Peace Army, which is based on existing and former client reviews. Those with Classic accounts can participate in the Pips+ Loyalty program where higher trading volumes result in spread refunds. There are four tiers to the program, each with its own trade or equity requirements and rebates per $1M. The pips for index CFDs on FXChoice are also listed in terms of USD, as are the spreads.