Deposits & Withdrawals FXChoice

In addition to this, their leverages are on par with market standards and the commission levels on the pro account are favourable too. Moreover, the fact that they offer MT4, MT5, mobile apps, and a web only based platform gives customers fantastic flexibility. The fee structure of this broker is transparent and traders can view all the commissions and spreads on every page dedicated to a particular asset. The platform lists the spreads in relation to USD or the preferred currency, instead of the regular pips.

Traders are also charged with withdrawal fees if money is withdrawn via credit or debit cards or e-wallets. Withdrawals made through bank or wire transfer may also apply withdrawal fees depending on the banking company. Moreover, the MT5 platform features 44 graphical objects, 38 technical indicators, and 21 built-on timeframes. It also features an economic calendar coupled with an embedded community chat. The strategy tester is both multi-currency and multithreaded with real-tick data. Similar to MT4, MT5 is also compatible with all kinds of devices, including Windows, Mac, iOS, and Android devices, or as a Web Terminal that includes one-clicking trading to the features of MT5.

  1. These currency options are advantageous since currency conversion fees are not charged while using the account in the clients’ currency.
  2. There are multiple funding options as well as withdrawal methods available on the platform, thereby allowing more traders to be able to trade on the platform.
  3. Traders can access the FXChoice platform on their iOS and Android devices to trade, manage their positions, and follow the market even while they are away from their computer system.

FXChoice offers 20 impressive open demo accounts, and the more the traders contact the broker, the more demo accounts they can open. In this way, they can use each demo account for a distinct strategy that they prefer. Traders can also add virtual funds to their demo accounts whenever they wish to, thereby continuing using the demo account.


It is a market maker, functioning under the regulation of the FSC, and offers full protection of its client’s money. There are multiple funding options as well as withdrawal methods available on the platform, thereby allowing more traders to be able to trade on the platform. Furthermore, FXChoice is a true ECN broker and offers customers extremely competitive spreads for both Forex markets and CFDs.

The brokers’ platform also has a reliable risk management department that regularly monitors management operations to ensure that the platform complies with the regulatory obligations. FXChoice CFD is generally used for short- and medium-term trading like the FXChoice intraday CFD trading. Though there is high risk as CFDs are independent of the financial markets, CFD trades are more flexible compared to the traditional market trades where the traders can own the underlying assets. The CFDs offer access to fractional shares, short selling, and international markets. It is important to keep in mind that CFDs are complicated instruments and hence, they come with high risks and uncertainties of losing funds rapidly because of leverage.

Customer Support

Although FSC is not a reputed or prestigious regulator, experts think that the platform could gain other licenses by being regulated by FSC. Our Crypto section aims to demystify some of the biggest challenges clients face when using and trading crypto. If you’re wondering which FXChoice account is right for you, then check out our Accounts section for a comprehensive support area.

MetaTrader 4 offers 30 technical indicators, nine timeframes, 31 graphical objects, and a single-thread strategy tester. FXChoice offers a multi-account management account or MAM for experienced and advanced traders who already have their client-based and want to carry out trading on their behalf. The MAM account is essentially a proprietary account that allows competent investors to handle their funds for an incentive fee that is based on the performance of the account. Traders can also submit their applications on the official FXChoice website if they want to apply for a MAM account. FXChoice is a market maker that executes trades every 4 seconds with a daily transaction volume totaling 150,000. The platform is constantly trying to improve trading conditions by introducing new and advanced technology that ensures fast trade execution and tight spreads.

FXChoice Customer Support

MetaTrader 5 trading platform includes additional order types, extra market indicators, additional depth of market display, and a robust Expert Advisor testing environment with the real-tick data. With the copy trading feature, the platform allows traders to automatically copy the trading strategy of professional traders. From all corners of the globe, thousands of traders have already benefited from our unbeatable trading conditions and rock-solid service.

FXChoice MT4 and MT5 Pro Account

FXChoice offers multiple ways of making deposits and withdrawals and the processes are flexible and easy. As discussed earlier, the brokers’ minimum deposit for any account type is $100 or it’s equivalent in other currencies. The method chosen will determine the time taken for the process of deposit/withdrawals to complete.

The only difference between these two account types is that the latter allows traders to open hedged positions similar to MT4. FXChoice is an established online broker who has been operating since 2008. In this time, FXChoice have developed their platform to provide an excellent trading experience for their customers.

FXChoice support team keeps the Contact us, Callback, and Live Chat options right at the top of the webpage, making it accessible from all other web pages. Note that in 2016, the forex broker received its first accolade of LiveHelpNow’s Exceptional Customer Service, not just once but five times in a row. And it became one of the Top 100 Companies of LiveHelpNow in 2018, making FXChoice forex broker one of the best options in this cryptocurrency industry. With 5 referrals in the pocket, traders can sign up to become an affiliate or a money manager on the FXChoice platform with multiple earning modes.

As per the FXChoice review, Islamic accounts charge a commission fee as it lacks swap charges. In case of negative swaps, the commission fee charged is 75% of the relevant swaps. Though these fees are minimal, it may be disappointing to certain traders as these accounts may still be unsuitable for certain Muslim traders. Moreover, the platform has an internal risk management team that monitors all the management operations that ensure compliance with the regulatory policies. According to the FXChoice review, it provides adequate index CFDs for traders to diversify their portfolios. With trading instruments from the United Kingdom, Japan, Germany, and the United States, traders can select the indices that have a global impact.

After analyzing the FXChoice platform and creating a demo account we can conclude that it is a high quality trading operation. The fact that it uses MT4 and MT5 is a huge plus and when using the trading screens, the prices updated seamlessly. The customer support is second to none, and the fx choice review knowledge base can really give users an edge. We also love the economic calendar which provides you with up to date news and events about important global economic changes that could cause price fluctuations. All traders need reliability, functionality and usability in a trading platform.

The broker offers a wide range of trading tools, including MQL5 Signals, Myfxbook Autotrade Services, VPS, Live Economic Calendar, Pips+ Programme, and many more. You should consider whether you can afford to take the high risk of losing your money. In this review, you can find all the information you need to decide whether is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Take full advantage of Non-Dealing-Desk technology, spreads from 0 pips and direct market liquidity provided by the largest banking institutions in the world.

Hence, if a client with a 10,000-dollar position but only a 1,000-dollar tied up to the tenth value on the account, this means a small amount of money is handling a bigger financial position. What makes FXChoice brokers one of the best trading platforms in the world are the unique trading platforms it offers to all kinds of traders. The broker platform offers MetaTrader 4 (MT4), and MetaTrader (MT5), both having advanced trading features for both beginners and advanced traders. As per the FXChoice review, it has more than 50 trading instruments, all in 6 asset classes, including cryptocurrencies CFDs, forex, commodity CFDs, and index CFDs. However, note that CFD trading involves a high risk of losing, and around 75% of the retail investor accounts lose money when trading CFDs. While many traders may think these are limited offerings compared to other forex brokers, this FXChoice review will focus on various other opportunities that can diversify a trader’s portfolio.

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