| 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.
Bad broker
Bad broker, do not deal with this broker. They will never do you any good. Poor services, worst people.
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Poor services
Poor service. I can not rely on the signals, can’t even rely on customer service for help.
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Freezing trading platform
The trading platform always freezes and they were not able to fix it. It happens most of the time and greatly affects trades so I quit trading with them.
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Not a good broker
Not a good broker to trade with. Signals aren’t profitable and services are not reliable.
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Rude and unresponsive
Rude and unresponsive customer service. I am so frustrated with how they assist traders like me.
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Unreliable services
I am unable to optimize my trading opportunities due to limited trading assets and poor market analysis. I can’t even rely on any of the services.
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Poor broker service
I never trade with this broker again after I had that bad experience in the past. I traded with them and lost a fortune.
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Hassled withdrawal process
Do not trade with this broker, they do not let you withdraw profit. It will surely give you a hard you hard time on terms and requirements.
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Expensive trading charges
Expensive trading charges. I was surprised, end up paying so much more than what I expect to pay.
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Trouble with withdrawals
Been trading for a few months and I will be closing my account with them very soon. I have trouble withdrawing profit all the time.
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