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fxchoice broker review

Important Information about the broker

Reviewed broker: FX Choice

Operated by FX Choice Ltd.

Location: Belize

Regulation: IFSC

ECN environment: yes

No dealing desk: yes

Note: At the time of this FXchance review, some parts of the broker's website are not working properly and are giving errors

Range of Markets and Trading Features

Trading instruments: forex, CFDs, spot metals

Currency pairs: 28

Trading platform: MetaTrader 4 MT4, Metatrader 5, Mobile Trader

MetaTrader 4 (MT4)

Most popular option among traders is MetaTrader4 with rapid market execution, competitive conditions and interbank liquidity. The ideal platform for Forex trading with Expert Advisor feature, Auto trading options and various analytical tools and advanced charting options.

The platform is an ideal vehicle for international clients to trade Forex, CFDs and Precious Metals. It also offers Expert Advisor compatibility (Auto Trading 

FXChoice Main Key Features Of MetaTrader 4 Trading Platform

  • Very user-friendly
  • Multi-lingual platform
  • Chart analysis tools
  • Multiple charts and analysis display
  • Expert Advisor compatibility
  • Instant and future trade placement

MQL5 Signals for FX Choice clients

MetaQuotes, the developers of the Metatrader 4 platform itself, offer one of a kind service called Trading Signals, where you can shadow, aka copy,  the trades of experienced top traders (Signal Providers).

  • Powerful Signal Service built right into your FXChoice MT4 platform
  • No third-party software to install
  • Designed for those new to Forex. No trading experience needed. Earn from Day 1
  • Signals work well alongside other EAs or your own manual trading strategy
  • Expert Signals are copied to your MT4 platform automatically
  • Growing base of reliable Signal Providers

Myfxbook’s AutoTrade

FXChoice has integrated Myfxbook’s AutoTrade to it's platform, so now traders can mirror service by trading community portal Myfxbook - one of the auto trading solutions today. In order to AutoTrade, just link your FXchoice account with Myfxbook profile. Then you can subscribe to the traders you wish to follow and copy.

Benefits of AutoTrade

  • No joining fee
  • No additional software needed
    All trade mirroring is completely automated
  • Showing only the best systems
    Saving you precious research time
  • Statistics
    Only real and accurate statistics are shown, avoiding misleading performance reports

Trading accounts: Classic, pro

Demo account: available

 

Minimum trade size: 0.01

Maximum leverage: 1:200

Margin level for hedge/lock positions: 50%

Average fixed spread: 1.2 pips

Average floating spread 0.5 pips plus $3.86 commissions per standard lot traded

Expert advisors: yes

VPS hosting: free for traders with monthly balance of $3,000

Account types overview

MetaTrader 4 Classic Account

  • Minimum deposit: $100
  • Quotes to the fifth decimal place
  • Tight spreads starting from 0.5 pips
  • Minimum lot size: 0.01 lots (1 000 units of base currency)
  • Maximum lot size: none
  • Commission: none
  • Swap points: according to market
  • Maximum leverage: 1:200
  • Margin level for hedge/lock positions: 50%
  • Execution: NDD, Market
  • Margin call/ Stop out: 25/15
  • Tradable currency pairs: 28
  • Spot metals: Gold, Silver
  • Other instruments: CFD – Indices, Metals, Commodities, Energies
  • Any EAs permitted

MetaTrader 4/5 Pro Accounts

  • Minimum deposit: $100
  • Quotes to the fifth decimal place
  • Tight spreads starting from 0 pips
  • Commission: $3.5 per notional amount (per side) of $100 000
  • Minimum lot size: 0.01 lots (1 000 units of base currency)
  • Maximum lot size: none
  • Swap points: according to market
  • Maximum leverage: 1:200
  • Margin level for hedge/lock positions: 50%
  • Execution: NDD, Market
  • Margin call/ Margin stop: 100/80
  • Tradable currency pairs: 38
  • Spot metals: Gold, Silver
  • Other instruments: CFD – Indices, Metals, Commodities, Energies

Payment options Deposits And Withdrawals

Minimum deposit requirement: $100

Payment methods: wire transfer, credit cards, Skrill, Neteller, Fasapay, Bitcoin, perfect money, epayments, trustly, asktropay, paysafecard, bitcoin

Account Currency:Accounts can be opened in USD, EUR, GBP, AUD, CAD, Bitcoin and Gold.

Why choose FXChoice to trade with?

Based on the broker's website, FX Choice focuses on serving the clients with emphasis on business ethics and commitment for high quality assistance.

Customer assistance for the clients 

Customer support: email, live chat, callback 24/5

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