by 
Only a copy of the trader’s ID is necessary to pass mandatory account verification. VPS hosting is available free of charge for clients with portfolios above $3,000.
Are your clients’ funds held in segregated accounts?
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. It has a user-friendly interface and multiple built in tutorials for beginners whilst having a great range of technical indicators and functions for the more advanced traders. The tools include technical indicators for analysing charts, multiple chart time frames, multiple order types, strategy templates, automated trading via expert advisors (EAs), custom indicators and much more. 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.
What Can I Trade?
Another unique type of account is the Islamic account and both the classic and pro accounts can be converted to Islamic accounts that are swap-free at FXChoice. To open an Islamic account, a client needs to open an account and go to the Profile section. By clicking on the Islamic accounts tab and following the easy instructions, they can submit the request and start using the account within seconds. And now users can directly connect their FXChoice account to ZuluTrade and acquire amazing benefits like Copy the experts, transparency, and gaining huge knowledge from experienced traders mistakes & success.
Social Trading
This ensures that the broker is always in complete compliance with its regulator. ➡️ Traders then log into their personal area, select the option for deposits, and follow the instructions to make a deposit into their trading account. Traders must make sure that they select the correct deposit currency if there is a choice available. MT5 Apple or iOS app has a 4.7 rating out of 5 and the new MT5 app is gathering the highest number of customer reviews. MT5 Google Play or Android app has a 4.5 rating out of 5 and the users of this new mobile application are pouring in their positive reviews for the app.
FXChoice Leverage
As mentioned earlier, we were impressed during this FXChoice review to see that a 15% deposit bonus for Bitcoin deposits. 👉 According to FXChoice, customer monies are held in bank accounts that are kept separate from the broker account and are not used for other purposes. In addition, a team responsible for internal risk management also ensures regulatory compliance by keeping an eye on management activities. MetaTrader 4 was created by a Russian company known as MetaQuotes and it has won several awards. The MT4 FXChoice version combines the standard features with real-time price feeds gathered from the global markets, competitive conditions, interbank liquidity, and fast execution speeds. According to the FXChoice review, it provides adequate index CFDs for traders to diversify their portfolios.
FX Choice Account Types 🗃
The webinars cover technical analysis, market news and are hosted by a fund manager with more than 40 years of experience in the industry. FXChoice have a good variety of third-party tools that can be used if you are looking for flexibility and assistance with your trading activities. The MT4/MT5 platforms should have enough tools for most traders, not to mention you can get thousands fx choice review of free and paid add-ons for them. If you do want industry leading market analysis software, then you might want to take a look at Forex.com who have the brilliant Autochartist and Trading Central tools. The FXChoice website includes videos with useful tips on how to use the platform. It is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).
Our expert review team found that FXChoice is the best broker for those who wish to access increased leverage. Continue reading to discover more about the broker, and how to pick up a generous new trader bonus. New traders must submit their name and e-mail, together with a valid phone number. Since FXChoice remains a regulated broker, account verification is mandatory to comply with AML/KYC stipulations. MQL5 Signals is the copy trading service embedded within the MT4/MT5 trading platforms.
Similarly, withdrawals are processed by FXChoice within 24 hours, but this does not include the time it takes for your preferred payment method to credit your account. The Classic account trades the usual spread based commissions, while the Pro account charges $3.50 per notional amount of $100,000 traded. Our FXChoice review team feels this gives you the ability to customize trading costs for your specific needs.
If you are have got this far and would like to see more about the FXChoice demo account, feel free to check it out here. Having been incorporated way back in 2010, FXChoice has a history that is longer than many of its’ competitors. Typically you will see brokers operating in markets that they target having no oversight, so it is a positive for FXChoice when compared against others operating in similar markets that they have sought out regulation.
Certain methods are country-specific and for quicker payment methods, Skrill, Neteller, Perfect Money, etc. payment methods must be chosen. FXChoice forex broker offers both MetaTrader 4 and 5 mobile trading platforms for traders who wish to trade on the go. 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. The MT 4/5 mobile apps can be downloaded for free from any relevant apps store like PlayStore or AppStore. MT4 was developed by trading software company MetaQuotes and has won multiple awards.
You can access your account seamlessly across all versions of the platform. From all corners of the globe, thousands of traders have already benefited from our unbeatable trading conditions and rock-solid service. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. Over the years, the broker has won the best customer service challenge award from the LiveHelpNow Challenge, which ranks the top 100 providers of superior customer service.
You will likely want to add some of your own funds in time to make your risk management and trading plan work in a meaningful way, but it is a great offer that we are sure many people will be taking advantage of. These types of offers are quite uncommon and usually limited in nature due to the demand spikes created. There are three main types of accounts offered by FXChoice, namely the new Optimum account, to supplement the Pro, and Classic varieties. Each of the account types is operational under a vast number of different base currencies to suit your preference. You will have the choice of USD, EUR, GBP, AUD, CAD, and various cryptocurrencies in which to base your account which is a great positive in comparison to the often limited USD accounts. Innovation is certainly flourishing here, as something rather unique with the broker is that you can also choose to denominate your account in Gold.
Mobile trading at FXChoice is supported on both the MT4 and MT5 mobile trading apps, and it is compatible with all smart devices. The brokers’ apps provide almost all the functionalities provided in the desktop version but with added benefits like interactive price charts and push notifications. Traders trading from iPad can also get multiple display charts in a single window. MetaTrader 5 trading platform is not only just an updated version of MetaTrader 4, but it is an entirely new platform that comes with unique and additional trading features that are developed based on the success of MT4. Traders who have traded on the MT4 trading platform can still enjoy the same features on MT5 with a slightly enhanced overall trading experience. As per the FXChoice review, Islamic accounts charge a commission fee as it lacks swap charges.
There is an internal risk management team who monitors management operations to ensure that they comply with regulatory policies. It is replete with various trading guides, learning articles, and other essential educational materials to keep traders equipped with the necessary knowledge they need to have about the financial markets. 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.
For example, the Pro account is much better suited to traders who prefer scalping and using robots. FXChoice offers both Forex and CFD trading opportunities to clients all over the world, including the US. You can trade 38 different currency pairs, including exotic markets such as South African Rand, Russian Ruble, and Norwegian Krona. Moreover, the broker platform ensures that all client transactions are safely processed. The communication and transactions are fully encrypted by using a Secure Socket Layer (SSL) technology whereas the client passwords are fully encoded. The same level of security measures is applied to the MetaTrader platforms and the traders can also apply the 2-factor authentication that also includes the Google Authenticator.
Although FSC is not a reputed or prestigious regulator, experts think that the platform could gain other licenses by being regulated by FSC. 🤓 Would you like to start trading forex but you don’t know what to begin with? Rather, this broker relies completely on the MetaTrader suite of apps for versions 4 and 5 for iOS/Apple and Android/Google Play. FXChoice offers a large number of Contracts for Difference (CFD), but very limited Forex pairs. The Forex market is immense, seeing USD 4 trillion passes through it every day, making it the world’s largest market. This incredible volume brings liquidity and flexibility to the trader’s strategy.
- Similarly, withdrawals are processed by FXChoice within 24 hours, but this does not include the time it takes for your preferred payment method to credit your account.
- All traders have personal preferences, and one is not better than the other, they are simply different.
- 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.
- FXChoice offers a large number of Contracts for Difference (CFD), but very limited Forex pairs.
- After all, how much it costs to trade with your chosen broker will have a significant impact on the net position of your account over time.
The broker executes a trade every 4 seconds on average with daily transaction totalling over 15,000. They are always looking to further improve trading conditions by incorporating new technology to ensure you always get the best spreads and fastest execution speeds. FXChoice is one of the most popular trading platforms that provide different programs and bonuses to allow investors to earn https://forexbroker-listing.com/ more. The referral program at FXChoice gives about a 15 percent bonus every time a trader who refers to another opens an account and starts trading. The brokers’ trader who refers may also land up earning $250 or its equivalent, based on the trading volume. Apart from referrals it also has a welcome bonus that gives a 50% deposit bonus when you verify your account within seven days.