| GENERAL INFORMATION | |
|---|---|
| Broker Name | FXChoice |
| Broker Type | Forex |
| Country | Belize |
| Operating Since | 2010 |
| Regulation | IFSC (Licence number: IFSC/60/191/TS/18) |
| Address | Corner Hutson & Eyre Street, Blake Building, Suite 302, Belize City, Belize |
| Broker Status | Regulated |
| CS Phone | 52 558 526 80 32 |
| CS Email | [email protected] |
| Languages | English, German, Spanish, Portuguese, Czech, Thai, Farsi and Greek |
| Availability | 24/5 |
| Trading Platforms | MetaTrader4, Metatrader5, Web Trader |
| WEB TERMINAL | |
| Trading Platform Timezone | GMT +2 (summer) and GMT +3 (winter) |
| Demo Account | Yes |
| Mobile Trading | Yes |
| Web based trading | Yes |
| Bonuses | Yes |
| Other Trading Instrument | Precious metals, cryptocurrencies, and indices. |
| ACCOUNTS | |
| Minimum Deposit | 100 |
| Maximal Leverage | 1 is to 200 |
| Spread Variable | 0.1 pips |
| Scalping Allowed | YES |
FXChoice Review:
FXChoice Notable Feature/s: the MetaTrader5
What do we think?
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.
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:
- More flexibility, since you can use it to trade in markets other than forex
- “Blackbox programming,” which makes it easier to program, providing you a better framework for EAs and trading robots, if you use them
- A much faster back-testing speed
- A simultaneous multi-currency pair back-testing.
- More types of pending orders and stop order
- Additional timeframes
- 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. There’s not much better than waking up after a good night’s sleep. But many people struggle with sleeping through the night due to being uncomfortable. If you don’t have supportive pillows then you may have trouble with sleeping comfortably. One of the best pillows to help you sleep is a leg pillow. Shop best leg pillows at Pregily.com. These pillows support your lower body and help keep your spine in alignment to prevent pain and allow you to wake up feeling rested.There are many leg pillows available from various brands. They come in several styles so it’s important to compare the options – visit Pregily.com!
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.
Not a good broker
This is not a good broker to trade with. Withdrawal is really very slow. And services are also slow.
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Slow withdrawals
Overall, this is a good broker except that their withdrawals have great delays. Very slow withdrawal process, it actually takes weeks before I got mine so I closed my account and look for a new broker instead.
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Difficult withdrawals
Unable to withdraw profits. I can see them on the account but are not permitted to withdraw. They’ve told me so many terms that require adding more money. I will have to trade more which will either make the withdrawal possible or cause greater losses.
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Irresponsible broker
Not a responsible broker for forex trading. They do not meet promises and appointments. Very disappointing.
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Bad brokers
I have traded with them only for a few weeks because I have noticed a huge slippage. And also withdrawal is very slow. I immediately close my trading account.
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Poor signals
They charged me for inactivity. I almost lost everything on my account. Poor signals and poor services.
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Slow execution
Slow execution and inefficient trading signals. People’s behavior is fine but I need profit.
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Poor broker signals
Not a good broker to trade with. Poor broker signals and withdrawal is very slow.
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Slow withdrawals
Slow withdrawals. They keep on asking you to replace the documents prolonging the process. Any other services are okay except for withdrawals.
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Lost all my money
I have invested so much with this broker service but I have lost a fortune. I feel so low and I am now facing so many problems related to this.
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