FXChoice Review, Safety, Platforms and Fees

MT5 is the bigger, younger brother of MT4, offering enhanced analytical tools. Fund your account using one of the mentioned methods with no commission. Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. Moreover, an internal risk management team monitors management operations to ensure that they comply with regulatory policies.

fxchoice minimum deposit

This drops to $1.50 per side, per $100,000, with the broker’s Pips+ loyalty programme. Spreads and fees are slightly higher at FXChoice compared to similar brands such as FXTM. Available functions include one-click trading , real-time quotes, customizable charts, 9 time-frames, and basic analytical objects. An account can be opened at the click of a button on the FXChoice website and can be done in just a few steps. Withdrawals can be made via debit/credit card, bank wire, Skrill, Neteller, Perfect Money, Bitcoin, Litecoin, Ripple and more.

Does FXChoice Offer A VPS?

The minimum deposit at FXChoice is just $100, for all account types. This is low starting capital compared to many other brokers, making it a perfect choice for beginners. Beginners will also benefit from a clear pricing strategy and educational materials. FXChoice clients who have a $3,000 or more balance and trade at least five lots during each monthly billing cycle can claim a free VPS.

In other words, the more volume you trade, the higher your chances of paying lower commission fees. Clients with a balance of at least $3,000 and trade a minimum of 5 lots per month can access a Virtual Private Server free of charge. A VPS offers a low-latency trading environment, superior execution and 24/7 uptime which is ideal for automated strategies. Further, clients can access the MetaTrader marketplace to access thousands of additional trading tools and strategies. MetaTrader 4 App is the perfect solution for mobile trading on iOS devices.

FXChoice allows traders to buy and sell various financial instruments across different asset classes, including forex, cryptocurrencies, indices, metals, energies, shares, and CFDs. The “Knowledge Base” section functions as the broker’s Trading Academy. It is replete with various trading guides, learning articles, and other essential educational materials to keep traders equipped with the necessary knowledge they need to have about the financial markets. I think there is plenty of helpful content to help bring you up to speed with the markets if you are new to trading online. It is always good to see a broker that cares about users and want to provide them with the right resources so that they can make informed trade decisions.

Search for answers or submit a new support ticket

👉 There are some trading guidelines and lessons for novices, as well as risk-free sample accounts, for those who want to test the broker without incurring any costs. The same method that was used to fund an account must normally be used to withdraw money. Also, monies will usually only be refunded to accounts in the same name as the trading account. Here is our overview of the FXChoice Minimum deposit as well as the pros and cons as well as features that are offered to traders. All contents on this site is for informational purposes only and does not constitute financial advice.

  • Withdrawals are processed within 24 hours from Monday to Friday.
  • No negative balance protection – FXChoice does not have negative balance protection, meaning if your account goes negative, your account balance can become negative due to rapid volatility.
  • Trading costs with FXChoice vary, depending on account type and the market traded.
  • There is also a ‘Knowledge Base’ section that provides questions and answers across a variety of topics.
  • Before depositing, we recommend checking the fees clearly to ensure you avoid any surprises.

For example, VLOAD costs 6.5% for deposits, whereas Perfect Money only charges 0.5% for verified accounts. The broker allows traders to deposit and withdraw funds to and from their trading accounts using a great variety of payment methods. The minimum deposit for all account types is $100 or the equivalent in another currency.

Crypto deposit bonuses, copy trading, and a dedicated forex training academy make it popular with beginners, while the Myfxbook AutoTrade solution facilitates advanced strategies for experienced traders. FXChoice offers clients the ability to deposit and withdraw funds using a variety of methods including debit/credit card, bank wire, Skrill, Neteller, Perfect Money and more. Deposits are fee-free using AirTM, Epay, VLoad, Bitcoin, and Wire Transfer. There is a deposit fee when using credit/debit card, Skrill, Neteller, and Perfect Money.

How do I transfer funds between trading accounts?

At the time of writing, FXChoice does not offer funding via PayPal, but a host of other standard deposit and withdrawal methods are accepted, including e-wallets, debit cards, plus cryptocurrencies. The customer support team is on-hand should you experience any withdrawal problems or have questions about server locations, epayments, and copy trading. Many of the same methods are available for withdrawals, which are processed within 24 hours Monday to Friday. After processing, all e-payment withdrawals are credited instantly, while timelines for cryptocurrencies can take up to a couple of hours. Spreads start at 0.5 pips on the Classic Account with no commission, while the Pro accounts offers spreads from zero pips alongside a commission of $3.50 per side.

fxchoice minimum deposit

The Classic account is commission-free with slightly larger spreads whereas the Pro account is commission-based but with lower spreads. All account types can be opened as either corporate or individual accounts and can also be traded in demo mode to sharpen your trading skills before using real money. Take full advantage of Non-Dealing-Desk technology, spreads from 0 pips and direct market liquidity provided by the largest banking institutions in the world.

If the system malfunctions, FXChoice resets the account balance of traders. FXChoice offers a Virtual Private Server which is free if your account balance exceeds $3,000 and you trade at least five lots during each billing cycle. Users can benefit from fast delivery times, 2GB of virtual RAM, a server location in Europe, and more. Note that the percentage of the bonus may differ depending on the account type.

👉 FXChoice claims that separate accounts with banks hold client funds away from the broker account, and the funds are not for other reasons. In addition, by monitoring management operations, an internal risk management team assures compliance https://forexbroker-listing.com/ with regulatory requirements. 👉 FXChoice provides Nigerian clients with trustworthy and transparent trading experiences using ethical business practices, a secure and reliable trading environment, and exceptional customer service.

Account Opening

The broker’s client support team is available 24/5 and can be reached via telephone, email, and live chat. The broker offers Islamic accounts to clients following the Muslim faith. Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating.

Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance fx choice review on the things we know matter most to traders. Below you can see how FXChoice scored in each of our high-priority categories.

They are usually broadcast to the broker’s clients via the internet. During the live webinars, the host and other key speakers share PowerPoint presentations, videos, web pages, or other multimedia content with traders, irrespective of their locations. FXChoice’s live webinars are designed to help all levels of traders to grow their trading knowledge and become even better traders. There are so many reasons why traders of all levels prefer the MT4 trading platform. It is packed with useful trading tools and enhanced trading functionalities, such as one-click trading, multiple timeframes, various technical indicators, and more.


The broker does also accept various cryptocurrencies including Bitcoin, Ethereum, Tether, Litecoin and Ripple. Deposits and withdrawals are fee-free using these methods but the payment system does charge. To avoid any unexpected charges and fees, we recommend that you primarily deposit and withdraw funds into and out of your account in the same currency as the currency of your trading account. FXChoice provides traders with the MT4 and MT5 trading platforms.

Clients have access to 24/5 assistance, most conveniently via live chat, and a callback option exists, along with a web form. The FAQ section answers most of the common questions, and FXChoice states it attempts to respond within 24 hours. The MetaTrader 4 App for Android is the ideal instrument to trade 24 hours a day, wherever you are. We ensure that all transactions are processed safely, securely and reliably, first and foremost by utilising advanced encryption technology that guarantees your privacy and security.

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