FX Choice Reviews and Ratings:
|Telephone||Call back option*|
|Account Base Curreny||USD, EUR, GBP, AUD, CAD, BITCOIN, GOLD|
|Trading Platforms||Metatrader 4/5|
|Markets||Forex, CFD’s, Precious metals|
|Bonus Offered||Receive a one-time 15% deposit bonus with this link|
|Funding Options||Wire transfer, Skrill, Neteller, Bitcoin, Fasapay, Perfect Money, ePayments, Qiwi|
Overview: Belize-based FX Choice is regulated by the IFSC, which is liberal in its control over forex brokers. But FxChoice follow best practices and are transparent in their workings, and have won awards for it. Expect competitive spreads, fast execution and good customer service.
Accounts: Classic and Pro accounts are available, the first being commission-free with higher spreads. The Pro account with ECN charges a small commission with tighter spreads. Traders can also open each of these accounts as a corporate or individual account. The brokers offer nearly 40 currency pairs, precious medals and CFDs. FX offers competitive variable spreads depending on account type, but is on average 1.2 pips.
Minimum deposit: $100
Maximum leverage: 1:200
Features: Traders using a Classic account can use the MetaTrader 4 platform as well as mobile and web platforms. Pro accounts have access to MetaTrader 5, which offers certain additional features over MT4, including economic calendar, depth of market and more sophisticated analytical tools. Hedging is allowed in the Pro accounts.
FX Choice supports Myfxbook Autotrade as well. Positive price correction means that traders who slip into (rare) negative balances will have their accounts zeroed out.
Education: News, market reviews, an economic calendar and plenty of instructional articles by trading gurus will help you develop your strategy.
Deposits/Withdrawals: Variety of funding methods supported, including Bitcoin, PaySafeCard and Perfect Money besides the standard options. Withdrawal rules vary by country, but supports a variety of funds transfer methods.
Customer service: Prompt and professional live chat, email support and multilingual phone support in Belize.
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Fx Choice Canada – Can a Canadian Open An Account?
Fx Choice does accept Canadian residents.
Fx Choice and ESMA – Is Fx Choice Affected?
The simple answer is No. Fx Choice is regulated by IFSC which stands for International Financial Services Commission in Belize. ESMA only affects brokers that fall under the EU (European Union).
Is FxChoice A Market Maker?
Fx Choice labels themselves as an ECN broker. They are not a market maker broker.