FX Choice

General information and regulations of FX Choice

With a history between 2 and 5 years, FX Choice is an online forex broker regulated by FSC and is dedicated to providing a series of common forex instruments.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Market instruments

Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks.....FX Choice allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on FX Choice.

Spreads and commissions for trading with FX Choice

The spreads vary from accounts and instruments to accounts and instruments. For example. We can see that the minimum spread in standard, optimum and pro account are respectively 0.5 pips, 1.5 pips and 0 pips. Only pro account has a commission of 3.5 USD per lot, while other two types of accounts are commission-free.

Account Types for FX Choice

Demo Account: FX Choice provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: FX Choice offers a total of 3 account types: classic, optimum and pro. The minimum deposit to open an account is $100, $10 and $100 respectively. Its not very demanding to open an account in FX Choice when it comes to minimum deposits. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

Trading platforms offered by FX Choice

As for trading platforms, clients can choose between the market leaders MetaTrader4 and MetaTrader5, which can be accessed from many devices.

However, have you ever wondered or are you wondering which platform you should use？ Our team has the corresponding article for your reference. The article details the similarities and differences between the two and gives specific advice.

https://www.wikifx.com/es/wikishow/202207208464173722.html

Leverage offered by FX Choice

Although some brokers offer leverage up to 1:500 or even 1:1000, the leverage of 1:200 offered by FX Choice is sufficient for the average trader. This is because the more leverage you have, the more risk you take with your money. Even professional traders, let alone novices, should not be tempted to use leverage as large as 1:500.

Deposit and withdrawal methods and fees

Many deposits and withdrawals methods are available in FX Choice, like many cryptocurrencies, visa, MasterCard, perfectmoney, skrill, neteller, astropay and many other options.

Educational resources

A series of educational resources is available at FX Choice, such as market signals, autotrade, copy trading, VPS and EA.

Customer support of FX Choice

Below are the details about the customer service.

Language(s): English, Spanish, Chinese, Portuguese, French, Arabic, Thai language.

Service hours: 24/5

Email: qc@myfxchoice.com

Phone Number: +52 556 826 8868

Address: Corner Hutson & Eyre Street, Blake Building, Suite 302, Belize City, Belize

Other services: call back and live chat

Users exposures on WikiFX

On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Frequent asked questions about FX Choice

Is this broker well regulated？

No, it is currently not effectively regulated and you are advised to be aware of its potential risks.