FXChoice Review

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FXChoice Broker Review
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:
FXChoice Notable Feature/s: the MetaTrader5
What do we think?

Comments Rating 1.9 (78 reviews)

FXChoice Review

As it proudly claims on its website, FXChoice is a “trader’s wise choice” — something that’s hard to argue against.

FXChoice is 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 to MetaTrader5. These days, industry-standard MT4 isn’t really enough to make consistent 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 a 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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78 Comments

  1. Avatar Laura Boehm June 3, 2020
  2. Avatar Savannah Wrixon June 1, 2020
  3. Avatar Hudson Bathurst May 27, 2020
  4. Avatar David Mayer May 25, 2020
  5. Avatar Susanne Arcouet May 20, 2020
  6. Avatar Herman Izmailov May 18, 2020
  7. Avatar Mark C. Chang May 13, 2020
  8. Avatar Robert R. Ellis May 11, 2020

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