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Sanction
CY CYSEC
2022-09-23
CYSEC Board Decision 
Prochoice
| ProChoice Review Summary | |
| Founded | Not mentioned |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC |
| Market Instruments | Forex, Commodities, Indices, Shares (CSE, ASE) |
| Demo Account | × |
| Leverage | Up to 1:400 (Forex) |
| Spread | From 0 pips (Forex) |
| Trading Platform | MT4 |
| Min Deposit: | $100 |
| Customer Support | Phone: +357-24661192 |
| Email: backoffice@pro-choice.com.cy | |
| 24/7 Online Chat: Not available | |
| Physical Address: Ariadnis 21, Patsias Court 25, 2nd Floor, Office 202, 7060 Livadia, Larnaca, Cyprus | |
ProChoice Information
ProChoice is regulated by CYSEC. It offers access to both domestic and international markets. However, ProChoice is limited to unclear trading conditions like leverage and spreads, which is a disadvantage for some investors.
Pros and Cons
| Pros | Cons |
| Regulated by CySEC | Limited details on trading fees |
| Access to CSE and ASE markets | No demo account available |
Is ProChoice Legit?
| Category | Details |
| Regulatory Status | Regulated |
| License Type | Straight Through Processing (STP) |
| Regulated By | Cyprus(CYSEC) |
| License Number | 100/09 |
| Licensed Institution | Prochoice Chrimatistiriaki Ltd |
| Effective Date | 2009-07-01 |
What Can I Trade on ProChoice?
ProChoice offers trading in Forex, commodities, indices, and shares on the Cyprus Stock Exchange (CSE) and the Athens Stock Exchange (ASE).
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
Trading Fees
Spreads and Commissions
Forex spreads start from 0 pips with no commission on Basic accounts.
| Instrument | Spread | Commission |
| EUR/USD | From 0.1 pip | $0 (Basic) |
| Gold | From 0.3 pip | $3/lot (Standard) |
| Indices | From 1 pip | $5/lot (Pro) |
Non-Trading Fees
Prochoice Stockbrokers charges no deposit fees, but withdrawal fees depend on the payment method.
| Fee Type | Amount |
| Deposit Fee | $0 |
| Withdrawal Fee | $$10$$50 (depending on method) |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable For |
| MT4 | ✔ | Web, Desktop, Mobile | All traders |
| MT5 | ❌ | - | - |
Deposit and Withdrawal
Prochoice Stockbrokers does not charge deposit fees, and the minimum deposit is $100 for Basic accounts.
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Bank Transfer | $100 | $0 | 1-3 Business Days |
| Credit/Debit Card | $100 | $0 | Instant |
| E-Wallets | $100 | $0 | Instant |
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