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FX Choice


  

               


Company information

Broker's name: FX Choice Limited  

Website:  

Headquarted in Belize City, Belize

Regulated by: IFSC

E-mail Address:  info@myfxchoice.com 





FX Choice is a large broker that offers Forex traders competitive spreads, a stable trading platform, and numerous banking options. You can trade in full lots or micro lots as well as use their demo account to test your theories and learn how to use their platform.

In addition, they’re one of the few Forex brokers that still accept US traders.

You have the option to open a classic or a pro account when you sign up at FX Choice. Both offer 200 to 1 leverage and the same basic services. The differences include the pro account offers 51 Forex pairs while the classic account only offers 28, the margin call / stop out is 25 / 15 on the classic account and 100 / 80 on the pro account and the spreads and commissions can be slightly different between the two.

Unless you’re truly a professional trader, go with the classic account when you sign up. If you progress to the point where a pro account may be right for you all you need to do is contact support to see about switching.

Trading Platform

FX Choice offers multiple trading platforms including MetaTrader 4, MetaTrader 5, and mobile trading solutions. They also offer a full binary options trading system.

The MetaTrader 4, or MT4, system is the most popular platform used in the world and lets you trade Forex, commodities, and CFD’s.

MT5, or MetaTrader 5, is the new trading platform that may eventually replace MT4. So many traders use MT4 and have it set up exactly like they want it that I imagine it’ll be years before many traders switch to MT5.

FX Choice offers a mobile app for Apple device users through the app store and a solution for Android users through the Google Play store. Both of the mobile solutions are MT4 platforms.

Deposit and Withdrawals

Traders on FXChoice can perform account deposits using the following methods:

a)    Credit/debit Cards: Only VISA and MasterCard brands are accepted;

b)    International bank  wire transfers;

c)    E-Wallets: The only featured e-wallets are those of Skrill, Neteller, Webmoney and CashU.

Withdrawals are only possible with bank wires and the e-wallet methods mentioned above.

Deposit Limits

The minimum deposit amount allowed on FXChoice for all account types is $100 or 100 Euros. All accounts can be held in either USD or EUR. It is advised to maintain all transactions in one single currency, which will be the account currency used for trading. This helps stave off unnecessary transaction fees. 

Withdrawal Limits

There are no minimum or maximum withdrawal limits on FXChoice. In addition, traders can actually withdraw more money to a credit card than was initially deposited with the credit card method. However, the trader must perform full credit card verification before this can be done.



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