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FXChoice Review 2024 Key Features, Pros, and Cons

The programme consists of five tiers and all MT4 & MT5 Pro account holders are automatically enrolled. I really like this feature and think it helps them to differentiate from many other brokers. FXChoice have a good variety of third-party tools that can be used if you are looking for flexibility and assistance with your trading activities. The MT4/MT5 platforms should have enough tools for most traders, not to mention you can get thousands of free and paid add-ons for them. If you do want industry leading market analysis software, then you might want to take a look at Forex.com who have the brilliant Autochartist and Trading Central tools.

FXChoice trading fees

The mobile app is great for me to check my positions from anywhere at any time. The web version of the platform is also very good as it can run in any web browser on any device, whilst always being up to date. You can access your account seamlessly across all versions of the platform.

Account Setup Process

FXChoice offers a wide range of powerful tools to help you trade the markets. With their tools, you can trade the markets with confidence. Their tools include a sophisticated charting package, a variety of indicators and trend lines, and a variety of order types. The Pro account has commissions up to $3.5 on top of the spreads but the spread themselves are smaller than on Classic accounts and start from just 0 pips. FXChoice has a MAM service that have their own clients base and want to trade on their behalf. Basically, a MAM account is a propriety account that allows to manage funds for a fee that depends on the account’s performance.

Social trading

With its promise of low spreads, high leverage, and a wide range of trading instruments, FXChoice has attracted the attention of traders worldwide. In our experience, FXChoice is a leading online trading platform for forex and CFD trading, offering a secure environment for traders of all skill levels. Its wide range of tradable assets, low spreads, and user-friendly interface cater to various trading methods and preferences. FXChoice’s MT4/5 Pro account is designed for experienced traders seeking narrower spreads and direct market liquidity. With a higher initial deposit of 100 USD, it offers spreads starting at 0.0 pips on EUR/USD at 3.5 USD per side per standard lot. This advanced trading tool allows traders to run their trading platform and automated algorithmic strategies, including expert advisors 24 hours a day, seven days a week, on a virtual machine.

• FXChoice is reviewed by its’ own traders across various other portals and it seems that by and large, users from across the globe are very happy with the broker and the experiences they have had.
• Traders can enjoy real-time quotes, customizable charts, 9 timeframes, and basic analytical tools, all from their browser.
• The MT5 trading platform is available as a desktop application for Windows and Mac computers, WebTrader, and a mobile trading app that is designed for smartphone devices running on Android and iOS.
• The Classic account is a commission-free account that offers variable spreads starting from 0.5 pips.
• Accepted methods include bank wires, credit/debit cards, Skrill, Neteller, FasaPay, Perfect Money, AstroPay, POLi, VLoad, SticPay, Airtm, AdvCash, and cryptocurrencies like Bitcoin and Ripple.
• In conclusion, FXChoice is a reliable forex broker that offers its clients a variety of benefits, including a wide range of the trading instrument, generous leverage, and 24/5 customer support.
• Overall, if you do not mind the lack of top-tier regulation, I think they are certainly a broker worth considering.

Table of Contents

• The live economic calendar is one of the essential research tools that are available at FXChoice.
• You can trade directly from your FXChoice account in your preferred browser and save time (and disc space).
• As you can see from the comparison above, MT5 has additional features to MT4, but that comes with additional weight for the program installation itself.
• I found there to be a wide variety of Forex and CFD instruments available to trade, catering for all different types of trader.
• This makes their offering average compared to other brokers.

The following gives you an idea of the minimum spreads, as listed in the FXChoice Real-Time Spreads Table at the time of writing, starting with Forex. FXChoice offers various bonuses and promotions to enhance traders’ trading experience. FXChoice offers a fxchoice review range of research and education resources to help traders enhance their knowledge and improve their trading skills.

Forex Trading

The broker then includes a separate column with the pip value in USD. This method of listing spreads may be easier if you’re a trader beginning to grasp the markets, although it may take a little bit of time for experienced traders to get used to. FXChoice has two pricing structures available, and our review team found they were both competitive with other similar brokers. Classic accounts only pay spreads without any commissions, while Pro accounts benefit from tighter spreads and pay commissions. The broker also has average non-trading fees as it doesn’t charge for inactive accounts or account maintenance, yet it does charge for deposits and withdrawals.

Dear Tov M. Lubega,We are delighted to read that you want to start trading again. You will find the same superior service, with a few new tools to help you with your trading.If you require any assistance starting trading again with us, please feel free to contact us via Live Chat. The customers are from Canada, and Nigeria is welcome to open an account. The online product guide and the table below provide server times. Classic account holders can choose from a total of 28 currency pairs, while Pro account holders can choose from a total of 38.