FXChoice

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    FXChoice Review

    FXChoice considers itself a first-class broker and offers clients some of the most competitive trading spreads on the market. By visiting the myfxchoice.com platform, you can get acquainted with personal trading offers, visit the training center and participate in the affiliate program.

    The company boasts ten years of experience in the financial services industry. During this time, it has managed to achieve an incredible processing speed of transactions (4 per second) anywhere in the world, performing a total of 15,000 digital transactions per day.

    FXChoice executes a trade every 4 seconds on average and has a daily transaction of over 15,000. They are always looking to further improve trading conditions by introducing new technologies to ensure tight fxchoice spreads and fast execution.

    They are committed to providing ethical business practices, a safe and secure trading environment with excellent customer service to provide clients with a reliable and transparent trading experience. This is supported by non-dealing service (NDD) technology, which eliminates conflicts of interest and special security for client funds.

    FXChoice has received awards for its friendly and multilingual customer service. We love that customers feel welcome, not to mention too big or small, and a dedicated support team is always on hand to help you in the best possible way. Online reviews are generally very positive, with good reviews from a variety of reputable sources. There are many fxchoice account types, each with its own benefits.

    Status

    Broker

    Year of foundation

    2010

    Regulation and jurisdiction

    IFSC

    Affiliate program

    Yes

    Company Features

    Launched in 2010, FXChoice is a true Electronic Communications Network (ECN) broker that offers traders around the world competitive commissions and good trading conditions across a variety of assets across a wide range of markets including Forex, Commodities, Cryptocurrency, Stocks, Stocks, Indices , metals. , CFD on energy.

    Сайт

    myfxchoice.com

    Contacts

    +52 556 826 8868

    Pros
    • The ability to trade contracts for difference (CFDs)
    • Various types of affiliate programs
    • Personal manager
    • Fast registration system
    • Good partnership conditions
    Cons
    • A small number of trading accounts
    • Poor performance of the mobile application
    Trading Platform

    MetaTrader 4, MetaTrader 5

    Types of accounts

    Optimum, Classic, Pro

    Tight spreads

    from 0.1 points

    The minimum trade size

    0.01 lots

    Min Deposit

    $10

    Leverage

    1:1000

    Financial Instruments

    Forex, Crypto, Indices, Commodities, Shares

    Mobile Trading

    Yes

    Affiliate program

    “Refer and Earn”

    Order execution

    ECN

    Bonus

    50% Welcome Bonus, 65% Bonus on Crypto deposits

    What pairs can you trade with FXChoice?

    There are a lot of positive reviews about the project on the network, but there are also negative ones.

    FXChoice regulation

    Is FXChoice regulated?

    The FXChoice trademark is part of FX Choice Limited, which is authorized and regulated by the Belize International Financial Services Commission (IFSC). With this offshore regulation alone, clients may not have the same protection in the event of any dispute or insolvency as they would with a broker regulated by a more reputable regulatory body.

    However, FXChoice holds client funds in segregated accounts that are separate from their company accounts and therefore cannot be used for any other purpose.

    There is an internal risk management team that monitors management’s operations to ensure that they comply with regulatory policies.

    They do not have a debit balance guarantee, which means your trades will be automatically closed before your account balance goes negative. If this security mechanism fails due to extraordinary circumstances, it will require you to reset your account balance.

    FXChoice Countries

    Due to offshore regulations, FXChoice can accept clients from most countries. They do not accept customers from Afghanistan, Belize, Iraq, Italy, North Korea, Spain, Sudan, Syrian Arab Republic, Guam, Northern Mariana Islands, Puerto Rico, US Virgin Islands, US Minor Outlying Islands, and American Samoa.

    Some features and products of the FXChoice broker mentioned in this FXChoice review may not be available to traders from certain countries due to legal restrictions.

    FXChoice Platforms

    FXChoice offers the most popular trading platform in the world – MetaTrader 4 (MT4). They also offer MetaTrader 5 (MT5) which has new features for more advanced trading. Most brokers still offer MT4 while MT5 has not yet reached the same level of popularity as its predecessor. You can have fxchoice login in your favorite platform.

    MetaTrader 4 (MT4)

    FXChoice MT4 was developed by the Russian company MetaQuotes and has won numerous awards. The MT4 version of FXChoice combines the standard features of the platform with real-time pricing from global markets, fast execution speeds, competitive terms, and interbank liquidity.

    MT4 is suitable for traders of all levels. It has a user-friendly interface and many built-in guides for beginners, as well as a wide range of technical indicators and features for more advanced traders.

    MT4 tools include technical indicators for chart analysis, multiple chart timeframes, multiple order types, strategy templates, automated trading with expert advisors (EAs), custom indicators, and more.

    The FXChoice website has videos with helpful tips on using and download fxchoice MT4. MT4 is available for desktop computers (Windows / Mac), Internet and mobile devices (iPhone / iPad / Android / Tablet).

    MetaTrader 5 (MT5)

    MT5 is not just a new version of MT4, but rather a completely new platform with new features that build on the success of MT4. For those who are familiar with MT4, the most important features are still there, with a few more improving the overall trading experience.

    MT5 features include more order types, a market depth display, additional indicators, additional timeframes, and a powerful EA testing environment with real tick data.

    MT5 is available for desktop (Windows/Mac), web and mobile (iPhone/iPad/Android/tablet).

    MetaTrader Mobile

    FXChoice offers both MT4 and MT5 platforms for mobile trading, which is useful for those who need to trade on the go while away from their computer. You can access the platforms on your Android or iOS device to follow the markets and manage your positions. MetaTrader applications are available for free download in the respective application store.

    Web terminal (MT4 MT5)

    The web terminal, available for both MT4 and MT5 users, allows trading through a browser without the need to download and install any software.

    Users can trade directly from their FXChoice account in their preferred browser, saving time and hard drive space. You simply log into your account and start trading through the web terminal.

    The interface of the web platform is similar to the award-winning desktop version and is therefore just as easy to use. The following functions are available in the web terminal:

    • All trading operations: placing market and pending orders
    • One Click Trading (MT5 Web Terminal only)
    • Real-time quotes displayed in the Market Watch
    • Fully customizable price charts
    • 9 chart timeframes

    Main analytical objects: horizontal, vertical, trend lines, channels, and Fibonacci lines.

    Universal access to trading activity

    The web terminal is supported by the following browsers: Internet Explorer, Microsoft Edge, Mozilla Firefox, Google Chrome, and Safari Opera.

    FXChoice Trading Tools

    FXChoice offers a variety of third-party tools that can be used by clients who need flexibility and assistance with their trading activities. Some of these tools are automated and copy the signals of other traders. You must understand the risks associated with trading and not take historical results as a guide to future results.

    MQL5 Signals

    MetaQuotes, the developer of the MetaTrader 4 5 platforms, offers a unique trading signal service that allows clients to copy trades from other signal providers. You can also offer your trading signals through this service.

    The signal service is built into the MetaTrader platform and does not require the installation of additional third-party software. The signals can be used as is or in conjunction with your manual and automated trading systems. There is a large base of signal providers to choose from, billed weekly or monthly and trades are copied directly to your platform.

    The FXChoice website contains a simple and well-explained tutorial video showing you how to subscribe to signals.

    Myfxbook Autotrade Service

    This service allows you to copy the signals of traders whose accounts are published on the popular social trading site Myfxbook. You can view different accounts, view results, and choose to mirror any account’s trades without any additional software. To be able to use the Myfxbook service, your FXChoice account must be funded with at least $1,000.

    FXChoice VPS

    FXChoice offers clients their own VPS (virtual private server). VPS is your dedicated source of stable power and resources that allows you to run your trading platform 24/7. This can be useful if your computer cannot be kept on all the time and you want to run an automated system. It is also useful for potentially reducing latency by using a VPS located closer to the trade servers, which can increase execution speed.

    FXChoice customers who have $3,000 or more in balance and trade at least 5 lots during each monthly billing cycle can claim a free VPS. The VPS comes with MetaTrader preinstalled.

    Living economic calendar

    The economic calendar keeps you up to date with the latest market events. You can set the calendar to your time zone and select your country and sector so that you only see news relevant to you. Using the news calendar can help with fundamental analysis and making informed trading decisions. The service is free for customers and available at the FXCh back office Items + Program

    The Pips+ program is a way for active traders to lower their trading costs. The program consists of five levels and all MT4 MT5 Pro account holders are automatically registered.

    As you move up the levels, trading fees decrease. To move to the next level, clients can increase trading volume or deposit more funds.

    FXChoice Education

    While several FAQs are covering general questions and some basic market and platform questions, FXChoice does not currently have a dedicated education section on its website. If you want to learn more about trading, websites like babypips.com and forexfactory.com are popular in the trading community.

    FXChoice Tools

    There are a large number of Forex CFDs available for trading, suitable for all types of traders.

    Forex CFD Specifications

    The Forex market is the largest financial market in the world with over $4 trillion passing through it daily. This large volume provides liquidity and flexibility to the trader’s strategy. There are over 35+ major, minor and exotic FX currency pairs to trade with FXChoice. This includes popular currency that crosses EURUSD, GBPUSD, USDCHF, and USDJPY.

    Review of the financial regulator

    FXChoice regulated by the International Financial Services Commission of Belize. This is the International Financial Services Commission, founded in 1999 in Belize. The main direction is the regulation of brokers in the controlled territory.

    License number: IFSC/60/191/TS/19. You can check it out at ifsc.gov.bz. Please note that this financial regulator does not provide services and does not consider applications from representatives of other states.

    FXChoice broker contact information and location overview

    Where is FXChoice located?

    The company’s head office is located at Corner Hutson & Eyre Street, Blake Building, Suite 302, Belize City, Belize. This is a real address, however, it is impossible to confirm 100% that FXChoice provides its services from here. This is due to a strong removal from potential customers. Despite this, you can easily get in touch with the representatives of the broker. On the myfxchoice.com website, there are various ways to contact support. We propose to consider them in more detail.

    Submitting a support request

    Enter your name, email address, and question subject, and select a category. If you are a client, please enter your account number; live chat. On the myfxchoice.com website, go to the “Contacts” tab and click on the Live Chat button. After that, an FXChoice manager will join you and try to answer all your questions; back call.

    The user can leave his contact number and the broker’s representative will contact him within 15 minutes; call the customer service center:

    customer support number: +52 558 526 80 32;

     number for general questions: + 501 227 27 32.

    Expert opinion

    Eugene Rudenko

    FXChoice is a broker for active and passive trading, which is more suitable for professional traders with a certain amount of free funds. The FXChoice broker may suit traders with any level of experience, except for those who have no experience at all. The fxchoice demo account is provided for only 3 months, and there are no cent accounts.

    Want to spread the word about your company or have you been in a negative review? Contact the portal editorial office right now

    Is FXChoice a good broker?

    We recommend that you start your acquaintance with the FXChoice broker by opening a fxchoice demo account. When trading on a trial account, you get the same conditions as on a real one. Thus, it is possible to analyze the quality of the services provided until the moment of real trading. After all, given the negative reviews, it would be better to play it safe. And if everything suits you, you can safely deposit real money.

    Frequently Asked Questions

    FXChoice: how to create alerts?

    Alerts can be created in your personal account based on the needs of the trader.

    This is a very handy tool to work with.

    Does FXChoice accept us clients?

    Yes, it accept fxchoice us clients.

    How to withdraw from FXChoice?

    You can terminate cooperation at any time convenient for you. But, if you have valid subscriptions to broker services, then their cost is not refundable. It will also take some time to close the account.

    How to deposit money into FXChoice?

    You can replenish your account in any convenient way. This can be either a card-to-card transfer or a bank transfer. The term for crediting funds depends on the method of transfer.

     

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    FAQ

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    Does the opinion of a broker's clients affect its reputation?

    The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about FXChoice are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.

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    How to write a review about cooperation with FXChoice on the website?

    To add a review of this company on the resource, you do not need to spend a lot of time. The whole procedure takes no more than 5 minutes, and this is already with registration. A letter with a link to confirm registration will be sent to your e-mail, and it will also contain detailed instructions on how to add a review to the site.

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