Preloaded with virtual funds, it is useful for novices and experienced traders to test tactics. The “Knowledge Base” section functions as the broker’s Trading Academy. I think there is plenty of helpful content to help bring you up to speed with the markets if you are new to trading online. It is always good to see a broker that cares about users and want to provide them with the right resources so that they can make informed trade decisions. FXChoice clients who have a $3,000 or more balance and trade at least five lots during each monthly billing cycle can claim a free VPS. You can also get a free VPS from other brokers including IC Markets who also have fantastic trading conditions.

MetaTrader 4

The brokerage follows a Non-Dealing Desk (NDD), market execution model with a daily trading volume of more than 150,000. FXChoice offers trading on leading crypto cross pairs with the US Dollar. The selection of digital assets is narrow but spreads are tight starting at 0.15. Ezekiel Chew the founder and head of training at Asia Forex Mentor isn’t your typical forex trainer. He is a recognized expert in the forex industry where he is frequently invited to speak at major forex events and trading panels.

Deposits and Withdrawals

CFD traders have the ability to profit from both long and short positions. This functionality gives traders the ability to capitalise on either rising or falling price action. FXChoice has been launched in 2010 in Belize and so far is a broker that accepts clients worldwide. They pride themselves having more than 10 years of experience both as traders and a broker, as well claiming about processing 15 thousands transactions a day on average. Traders also have the option to open a demo account with FXChoice to practice their trading strategies without risking real money. Deposits are often free, while withdrawals may incur costs depending on the method used.

Account types and conditions

It is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). I use the desktop version to run automated systems as it is the only one that supports expert advisors (EAs). 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.

Trading Products

1. If you ever require any trading assistance, please don’t hesitate to get in touch via Live Chat.
2. Traders can reach the FXChoice customer support team 24/5 via email and live chat.
3. Trading terminals are limited to MetaTrader 4 and MetaTrader 5, though WebTerminal and Mobile Application are offered also.
4. The FXChoice version of MT4 combines the platforms standard features with real-time price feeds from global markets, fast execution speeds, competitive conditions and interbank liquidity.
5. 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.

Overall, FXChoice can be summarised as a well-established Forex Broker that offers access to competitive trading conditions and transparency. FXChoice has a client-centric approach and a trust score of 50 out of 99. FXChoice offers the industry-standard MetaTrader 4 and 5 platforms, as well as a convenient web terminal for browser-based trading. Navigating the labyrinthine world of forex brokers can be daunting, especially for novice traders. Fear not, for we’re here to dissect FXChoice, a seasoned contender in the arena, and examine its offerings through a meticulous lens. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

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. fxchoice review Overall, if you do not mind the lack of top-tier regulation, I think they are certainly a broker worth considering. The broker’s clients are provided with the intuitive MT4 and MT5 trading platforms, which are available in desktop, web, and mobile versions.

Find out if our experts recommend signing up for an FXChoice account. Unlike Roboforex which shares several similar features with FXChoice, Alpari is quite different. This is actually a very important feature because it gives beginner traders the chance to directly copy what other experienced traders are doing. One of the things that make FXChoice an incredible online broker is the huge range of financial assets that you can buy and sell here. It doesn’t matter if you are one of the most experienced traders or someone trading with investment advice, there is no reason why you can’t trade these assets.

I have seen them add more and more content over the years and managed to learn a thing or do whilst browsing through. If you are a beginner then I think you will find this content very helpful and it is nice to have everything in one place. Traders who want to engage in social trading have two options https://traderoom.info/ at FXChoice. MQL5 Signals, embedded within the MT4/MT5 trading platforms, and Myfxbook Autotrade represent two industry leaders in the social trading scene. It remains free of charge for clients with portfolios above $3,000. For traders failing to meet that threshold, a monthly cost of €40 applies.

Alternatively, you can request a callback at a time that suits you. The website itself functions well from within your mobile browser. You will have complete functionality, which means you can register for an account, make deposits and withdrawals and contact customer service whilst on the go. Our review team found that the broker also boasts a refer a friend scheme. Existing traders can earn up to $250 for each person who registers and deposits using their link and the new client will also be rewarded with a one-time welcome bonus.

Most trading costs at FXChoice are included in the spread or the commissions mentioned previously. That being said you also need to look into rollover fees, which change depending on the market that you are trading. That information is freely available on the website, and for the most part, looks to be a rather standard – neither overly expensive nor cheap in comparison to competitors. The Classic account has commission built into the instrument spreads, which is a regular practice for so-called ‘commission-free brokers’.