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FXChoice Review Pros, Cons and Ratings

You do not even need to use the same trading server as your Signal Provider, although this can improve execution speed. During this review of FXChoice, our experts found that the majority of tools are available via the MetaTrader platforms. This makes their offering average compared to other brokers.

Fees and Commissions

It is also worth taking into account that IFSC regulations require monthly reports to be submitted which include details on unimpaired capital and trading volumes. It also requires a customer complaints procedure to hold a license.Our FXChoice forex broker team points out that all clients receive negative balance protection, as outlined in the client agreement. This makes it impossible to lose more than you initially invest. Additionally, FXChoice has a dedicated risk management department that constantly monitors all management operations, helping ensure that the broker complies with policy and regulator obligations. The newer MT5 platform builds upon the features of MT4 and offers additional functionalities.

FXChoice MetaTrader 4

Yes, FXChoice is regulated by reputable authorities in Belize and Cyprus, ensuring your funds are safe and transactions are transparent. FXChoice is a safe broker, albeit considered high-risk due to its Tier-4 regulations through the IFSC in Belize. FXChoice’s MetaTrader platforms are available for download on iOS and Android smartphones.

Is FXChoice regulated?

• FXChoice offers the popular MT4 and MT5 trading platforms, available as desktop clients, webtraders, and mobile apps.
• Both of these platforms also support the ability to download other indicators, allowing you to conduct your own technical analysis.
• Any statements about profits or income, expressed or implied, do not represent a guarantee.
• They have a no debit balance guarantee which means that your trades will automatically be closed before your account balance becomes negative.
• It allows traders to take a vacation without fear of incurring costs over time, demonstrating their commitment to long-term client relationships.
• Investors would benefit from having a wider range of research tools to help them learn more.
• They provide traders with industry-leading trading platforms to help traders get the most out of their trades.

Clients have access to 24/5 assistance via live chat, a callback option, and a web form for inquiries. The broker aims to respond within 24 hours, ensuring timely assistance. An extensive FAQ section is available to answer common questions. FXChoice’s client-centric approach includes offering professional support and educational materials for traders of all experience levels. The company, headquartered in Belize and regulated by the Financial Services Commission (FSC), prioritizes customer service, making it a trusted choice for forex and CFD traders. FXChoice operate as an NDD broker, which means that they offer traders direct access to their liquidity providers.

• You can also install previously used expert advisors (EAs), or pick from the vast list of new ones.
• Yes, traders can access a variety of global index CFDs via FXChoice’s trading platform.
• This can usually be avoided by using one of the many different options available.
• Whilst this is a more limited offering than at other brokers, our FXChoice reviewers found that there were still plenty of opportunities to diversify your portfolio.
• The broker provides traders with a variety of educational resources, while they also keep priority solving the customer issues.
• KYC guidelines keep you safe and stop the broker from accidentally facilitating illegal practices, such as money laundering.

FXChoice customer support

It also has an economic calendar integrated and an fxchoice review embedded MQL5.community chat. The strategy tester in MT5 is both multithreaded and multicurrency with real ticks. Like MT4, MT5 is available for Windows, Mac, Android, and iOS or as a Web Terminal.

FXChoice Trading Platforms

Bank transfers may take a few business days to clear whilst some methods such as card payments can be instant. Please note that some methods may only be available to specific countries. This service allows you to copy signals of traders who have their accounts published on the popular social trading website Myfxbook.

MetaTrader 4

If this is the case, you could take a look at City Index as an alternative. FXChoice offers a reasonable selection of over 100 financial instruments across different asset classes. They provide traders with industry-leading trading platforms to help traders get the most out of their trades. They offer various learning and trading tools as well as a responsive client support team. There is a choice of various trading account types, including Islamic and demo accounts.

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. Im sure that someday when someone will have a few hours of free time and know for example python. He or she take that time and write script that will make shtloads of accounts on every review page so you can end like tiktok with 1 star.