FXChoice Review

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GENERAL INFORMATION
Broker NameFXChoice
Broker TypeForex
CountryBelize
Operating Since2010
RegulationIFSC (Licence number: IFSC/60/191/TS/18)
AddressCorner Hutson & Eyre Street, Blake Building, Suite 302, Belize City, Belize
Broker StatusRegulated
CS Phone52 558 526 80 32
CS Emailinfo@myfxchoice.com
LanguagesEnglish, German, Spanish, Portuguese, Czech, Thai, Farsi and Greek
Availability24/5
Trading PlatformsMetaTrader4, Metatrader5, Web Trader
WEB TERMINAL
Trading Platform TimezoneGMT +2 (summer) and GMT +3 (winter)
Demo AccountYes
Mobile TradingYes
Web based tradingYes
BonusesYes
Other Trading InstrumentPrecious metals, cryptocurrencies, and indices.
ACCOUNTS
Minimum Deposit100
Maximal Leverage1 is to 200
Spread Variable0.1 pips
Scalping AllowedYES

FXChoice Review:

Comments Rating 1.91 (49 reviews)

As it proudly claims on its website, FXChoice is a “trader’s wise choice”—something that’s hard to argue against.
FXChoice is a forex, CFDs, and precious metals broker that also serves with Bitcoin and cryptocurrencies. Located in Belize, it caters to different kinds of traders and offers the most necessary tools for successful trading.

FXChoice Review

Its primary advantage against other brokers is its focus on technology. For instance, instead of just offering the industry-standard MetaTrader4, it also offers the MetaTrader5 (more on this later). Innovation and technology are FXChoice’s top priorities.
In fact, FXChoice claims on its website that they believe “being ahead of the curve in this area gives us the edge on our competitors.” Now that’s what active traders (day traders, high-frequency traders, algorithmic traders, etc.) want in a broker.

All those are obvious at the drop of the hat; there’s so much that FXChoice can bring to the table. Let’s dig deeper into one of its greatest edges against other brokers: the MetaTrader5.

FXChoice Notable Feature/s: the MetaTrader5

As we all know, the trading platform is what makes things easier or harder for the trader. You can’t trade comfortably if the platform sports a truckload of glitch or if you can’t understand a single function on it.

FXChoice knows that traders won’t settle for subpar performance. That’s why it chose not only to offer the MetaTrader4 but also the MetaTrader5. These days, industry-standard MT4 isn’t really enough to make consistently winning trades. You need a push or an enhancement.

That’s MetaTrader5, the 5th generation trading platform that comes from MetaQuotes. We won’t bore you with the history, but basically this is more advanced than MT4.
Among other things, FXChoice’s MetaTrader5 platform offers:

  1. More flexibility, since you can use it to trade in markets other than forex
  2. “blackbox programming,” which makes it easier to program, providing you better framework for EAs and trading robots, if you use them
  3. A much faster back-testing speed
  4. A simultaneous multi-currency pair back-testing.
  5. More types of pending orders and stop order
  6. Additional timeframes
  7. More technical indicators

Let’s be honest: when it comes to trading platforms, having more options is a huge advantage. This makes FXChoice’s platform stand out.

What do we think?

Technology isn’t a one-time affair. You must upgrade your platform even if you feel bad letting your worn out MetaTrader4 go. FXChoice, in a nutshell, gives you a chance to step up your trading game and have a better setup.
FXChoice also offers a plethora of bonuses and promotions for different account holders. This is another department the company focuses on, along with the innovation they deliver to trading clients.

What that means for the trader – you – is you can trade in a more sophisticated way. You won’t have to wrench your head out for better market analysis and execution—FXChoice’s MT5 got your back.

Overall, FXChoice is a wise decision because of its dedication to being modern and upgraded. The MT5, tight spreads, low fees, and flexible account types work together to keep it that way.

FXChoice
  • Support
    (3.5)
  • Platform
    (4)
  • Spreads
    (3)
  • Trading Instrument
    (3.7)
Overall
3.5

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49 Comments

  1. Alfred Michaud February 18, 2020
  2. Alexander Jeanneret February 11, 2020
  3. Rima Yefremova February 10, 2020
  4. Beatriz Fernandes Ferreira February 7, 2020
  5. Hayley Hawken February 5, 2020
  6. Paul LaCaille February 4, 2020
  7. Brayden Childe January 31, 2020
  8. Alina Kruglova January 29, 2020
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  10. Martim Cardoso Castro January 27, 2020
  11. Christopher Gavrilov January 23, 2020
  12. Rafaela Pereira Cunha January 21, 2020
  13. Rodion Biryukov January 17, 2020
  14. Bruno Correia Araujo January 15, 2020
  15. Madeleine Mashman January 13, 2020
  16. Alex Costa Ribeiro January 9, 2020
  17. Nathan Fokine December 27, 2019
  18. Amelia Peden December 23, 2019
  19. Lavinia Souza Pereira December 19, 2019
  20. Hamish Knaggs December 17, 2019
  21. Yvette Bazarova December 16, 2019
  22. Giovanna Pinto Fernandes December 13, 2019
  23. Ashton Peyser December 11, 2019
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  27. Annot Beaulé November 29, 2019
  28. Faina Shcherbakova November 27, 2019
  29. Felipe Lima Cunha November 25, 2019
  30. Mackenzie Llewelyn November 21, 2019
  31. Erik Faust November 19, 2019
  32. Lyle Grimard November 15, 2019
  33. Ostap Gerasimov November 13, 2019
  34. Larissa Correia Costa November 11, 2019
  35. Matilda Wynter November 7, 2019
  36. Rosamonde Busque November 5, 2019
  37. Lauren Howden October 31, 2019
  38. Michael Moeller October 29, 2019
  39. Pansy Labrie October 25, 2019
  40. Igor Volodin October 23, 2019
  41. Norris Couturier October 21, 2019
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  43. Yasmin Costa Cunha October 15, 2019
  44. Letícia Ferreira Souza October 14, 2019
  45. Diogo Dias Gomes October 11, 2019
  46. Yvette Arsenault October 7, 2019
  47. Anderson Edwards September 18, 2019
  48. Jim White September 13, 2019
  49. Alex Jean August 5, 2019

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