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FXChoice offers multi-account management solutions for experienced money managers. To qualify as a money manager, FXChoice requires that you provide evidence of your track record. If you’re approved, you can manage multiple trading accounts from one MT4 or MT5 account. Hank001, a user from the United States, mentions that although the welcome bonus at FX Choice is not that big as with other brokers, he has had a good trading experience. He also says that the platform is easy to use, contacting the support is easy, and there are no troubles with withdrawals.
Here again, there is little if any actual education about the use of EAs outside of a short and deeply outdated video tutorial. Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun. In doing so, we often feature products or services from our partners. However, the opinions and reviews published here are entirely our own. New traders must submit their name and e-mail, together with a valid phone number.
FXChoice accepts credit card and debit card withdrawals in addition to the options listed below. As a matter of policy, the same method of funding must be used for deposits and withdrawals. Customer support is another aspect where FXChoice truly shines, as evident by their winning of the 2020 LiveHelpNow Challenge. Clients have access to 24/5 assistance, most conveniently via live chat, and a callback option exists, along with a web form. The FAQ section answers most of the common questions, and FXChoice states it attempts to respond within 24 hours.
This allows you as a trader to gain access to several of the world’s largest markets with a very minimal amount of starting capital. This is one of the most appealing aspects of using FXChoice. Our expert review team found that FXChoice is the best broker for those who wish to access increased leverage.
Putting it all together, FXChoice is an established online trading broker that has been providing a good range of trading products and service since 2010. The broker provides you with convenient market access via the user-friendly yet powerful MT4 and MT5 trading platforms, which are available in desktop, web, and mobile versions. Various useful trading tools, educational resources, and a knowledgeable client support team are available to assist you with you day trading activities. You can choose from a variety of account types depending on your trading strategy and fund your account using a good selection of payment methods. However, I feel they could improve in terms of non-FX instruments and would like to see them offer support on weekends. Overall, if you do not mind the lack of top-tier regulation, I think they are certainly a broker worth considering.
2) The fees are charged by our payment processor and we pass those on – we do not collect those fees for ourselves. Also, if you deposited crypto to fiat directly, you would have received a 15% bonus and wouldn’t have needed to make any internal transfers. Making internal transfers does incur https://forex-review.net/ a fee; again, these are fees charged by our payment processor. ‘Please note that all withdrawals from fiat trading accounts in Bitcoin Bit will be a subject of a 1.5% conversion fee’. Your trading account was denominated in USD, so withdrawing in Bitcoin triggered the conversion fee.
Customer Support
FX Blue’s mission is to deliver institutional-quality software and services to brokers, traders and developers worldwide. I think they have implemented a whole host of useful tools and features that help them achieve this goal. You can keep track of market movements in forex, commodities, cryptocurrencies and other markets with real-time charts, technical analysis, live trader sentiment, trading calculators, and much more. FX Blue Labs has built a catalog of multi-platform, multi-lingual, market-informed apps which help brokers to promote and distinguish themselves.
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. This platform is developed mainly for seasoned investors as it provides advanced trading features. FXChoice has MetaTrader 5 Pro or MetaTrader 5 Pro Hedged accounts coupled with MetaTrader 5. The only difference between these two account types is that the latter allows traders to open hedged positions similar to MT4. MetaTrader 4 offers 30 technical indicators, nine timeframes, 31 graphical objects, and a single-thread strategy tester.
- All deposits can be made from within your back office profile.
- So, there is no way that the platform can trade with clients’ funds or use them for the company’s expenses.
- The costs to use supported e-wallets and alternative payments methods vary significantly.
- All support services are available during market hours, in English, Spanish, Thai, Chinese, Persian, and Russian.
FXChoice uses the most common methods, but also, offers other diverse methods, thus making money transfers easier and more accessible. Leverage is a powerful and useful tool that might magnify your income. One of the peculiarities that Forex trading is popular for is its leverage opportunity.
Unique Features
I would like to download MT5 trading platform and open a demo account. The initial minimum deposit is $10 on the broker’s Optimum account. Our fx choice review analysis shows that FXChoice has very competitive, tight spreads. As we previously stated, the spreads differ depending on the account type.
I can’t prove this situation but I don’t trust this broker anymore and I would not recommend them…. Pips+ loyalty program rewards active traders – If you’re an active trader, you might be interested in the FXChoice Pips+ loyalty program. The program offers either rebates or tiered commission discounts based on trading volume turnover over 30 days or account equity.
FXChoice offers award-winning trading platforms and customer service, as well as additional analysis tools. Clients can choose from two account types called Classic and Pro. The Classic account offers commission-free trading with slightly larger spreads whereas the Pro account is commission-based but has lower spreads. Overall, trading costs are competitive across both accounts and clients can further benefit through rebates and commission discounts if they trade enough volume. Many forex brokers deduct funds from the trading accounts as compensation for the account maintenance, if they are not accessed or used for a considerable period.
The broker does offer a no debit balance guarantee which means if losses become too large, some or all positions will be closed out at the best available price before the account becomes negative. However, this may not be the case in extraordinary circumstances and the account can still slip into negative territory. Further, the broker does separate client funds from company funds. All support services are available during market hours, in English, Spanish, Thai, Chinese, Persian, and Russian. Our FXChoice reviewers were extremely pleased with the speed at which their queries were answered and found the staff to be well informed. One of the biggest advantages of using FXChoice is its excellent customer support services.
Pros
As a company with a strong reputation for customer care, FXChoice hasn’t gone unnoticed in the Forex world. Pepperstone – Pepperstone offers CFD trading to both retail and professional traders. Clients can trade FX, indices, commodities and shares on MT4, MT5, cTrader and TradingView platforms. FX Choice offers different programs to help traders earn more. The FX Choice referral program pays you a 15 percent bonus each time someone you refer opens and funds their account and begins trading. You can also earn up to $250 depending on trading volume.
The available methods include Skrill, Neteller, VLOAD, ADVcash and more. Deposits using e-wallets and alternative payment methods are typically instant. However, withdrawals can take longer since they need to be approved internally. Most of these payment methods have very low transaction limits, typically below $10. The costs to use supported e-wallets and alternative payments methods vary significantly. For example, VLOAD costs 6.5% for deposits, whereas Perfect Money only charges 0.5% for verified accounts.
FXChoice Account Registration Process
Terms and Conditions apply, may not be available in all countries. It is quick and easy to sign up for an account from the broker’s homepage. Compare the markets and instruments offered by FXChoice and its competitors.
Overall, FX Choice’s customer care dimension provides a good level of support to its clients. The platform provides a range of professional trading tools that traders can use to improve their skills and knowledge. The educational resources available include market signals, autotrade, copy trading, VPS, news, trading signals, and EA. These resources are customizable, allowing traders to tailor them to their individual needs and preferences. Additionally, traders can learn from experienced traders by using the platform’s copy trading features. While FX Choice offers a wide range of educational resources, there may be limited materials for beginners, and some resources may require additional fees or commissions.
Find out if our experts recommend signing up for an FXChoice account. In 2010, the MT5 trading platform was launched by MetaQuotes to succeed the already popular MT4 trading platform. The MT5 platform maintains all of the essential features of the MT4 and comes with even more extended features and capabilities, such as 21 timeframes, expert advisors, multiple timeframes, and more. Based in Belize, FXChoice is a retail trading broker that opened its doors in 2010. The broker has since grown to become one of the leading ECN trading brokers, ensuring speedy trade executions at some of the best prices on the market without the intervention of a dealing desk.
This means client funds are strictly separated from the company ones. So since I was able to get a better understanding of the withdrawals, I felt it was appropriate to update my review rating. I’m not saying its perfect but no platforms really are. I’ve been trading for 2 weeks and it’s going very well. I made a profit as much as the money I deposited and wanted to withdraw it last Friday, on the same day, the money was in my account in tether.
One thing that stands out about My Fx Choice is their competitive pricing. Their spreads are consistently among the lowest in the industry, which means you can save a lot of money on transaction costs over time. Additionally, they offer a wide range of account types, from micro accounts to ECN accounts, so you can choose the one that best fits your needs and trading style. In addition to this core functionality, FX Blue does have some other useful features but is limited when compared to some more well-known social trading platforms such as Myfxbook and ZuluTrade. Despite that, the trade copier and trading simulator features can be very beneficial to traders of all experience levels and they do offer a choice of free trading apps. There is also a section of the FX Blue website where you can keep updated about news from brokers including their latest developments, market analysis, bonus and promotions.