Do you want to know which is the better broker between E-Global and FX Choice ?
In the table below, you can compare the features of E-Global , FX Choice side by side to determine the best fit for your needs.
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of e-global, fx-choice lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
General Information & Regulation
E-Global Trade & Finance is a trading company that provides IT infrastructure solutions. E-Global Trade & Finance Luxembourg S.A. was granted its PSF license to act as a broker to customer trades in financial instruments in 2016. The Luxembourg entity was the logical extension of the Groups business to Europe with products such as Forex4you, Trade4you and Share4you.
MarketPlace contains multiple products to support full lifecycle of trading business.
• Bank 1
• Bank 2
• Bank n.
• Prime Brokers
• MT4 forwarder
• MT4 feeder
• MT4 server
• MT4 WL client
Social trading service is targeted to investors and is based on industry-leading technology that makes auto-copying of trades available to everyone. Revenue stream: dealing/trading income.
• Front-end for investors powered by in-house solution
• Traders from Forex4you side (MT4 platform)
• Level1 reporting
This product is mainly targeted to retail segment, and the marketing strategy includes an affiliate program for emerging markets of Europe and Asia and use of electronic payment systems. Revenue stream: dealing/trading income.
• Currently MT4-based service only
• EGlobal own trading terminal and market place planned to be launched later
• Level1 reporting
The E-Global Trade & Finance customer support team can be reached through telephone: 26 37 49 64. Address:53 Boulevard Royal, 2449 Luxembourg – Eich, Luxembourg – Luxemburg.
|Year(s) of establishment||2-5 years|
|Trading instruments||Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks|
|Minimum Initial Deposit||$10|
|Minimum spread||0.0 pips onwards|
|Trading platform||MT4, MT5, webtrader|
|Deposit and withdrawal method||cryptocurrencies, visa, MasterCard, perfectmoney, skrill, neteller, astropay and many other options|
|Customer Service||Email/phone number/address/live chat|
|Fraud Complaints Exposure||Yes|
General information and regulations of FX Choice
With a history between 2 and 5 years, FX Choice is an online forex broker regulated by FSC and is dedicated to providing a series of common forex instruments.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.
At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks.....FX Choice allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on FX Choice.
Spreads and commissions for trading with FX Choice
The spreads vary from accounts and instruments to accounts and instruments. For example. We can see that the minimum spread in standard, optimum and pro account are respectively 0.5 pips, 1.5 pips and 0 pips. Only pro account has a commission of 3.5 USD per lot, while other two types of accounts are commission-free.
Account Types for FX Choice
Demo Account: FX Choice provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: FX Choice offers a total of 3 account types: classic, optimum and pro. The minimum deposit to open an account is $100, $10 and $100 respectively. Its not very demanding to open an account in FX Choice when it comes to minimum deposits. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.
Trading platforms offered by FX Choice
As for trading platforms, clients can choose between the market leaders MetaTrader4 and MetaTrader5, which can be accessed from many devices.
However, have you ever wondered or are you wondering which platform you should use？ Our team has the corresponding article for your reference. The article details the similarities and differences between the two and gives specific advice.
Leverage offered by FX Choice
Although some brokers offer leverage up to 1:500 or even 1:1000, the leverage of 1:200 offered by FX Choice is sufficient for the average trader. This is because the more leverage you have, the more risk you take with your money. Even professional traders, let alone novices, should not be tempted to use leverage as large as 1:500.
Deposit and withdrawal methods and fees
Many deposits and withdrawals methods are available in FX Choice, like many cryptocurrencies, visa, MasterCard, perfectmoney, skrill, neteller, astropay and many other options.
A series of educational resources is available at FX Choice, such as market signals, autotrade, copy trading, VPS and EA.
Customer support of FX Choice
Below are the details about the customer service.
Language(s): English, Spanish, Chinese, Portuguese, French, Arabic, Thai language.
Service hours: 24/5
Phone Number: +52 556 826 8868
Address: Corner Hutson & Eyre Street, Blake Building, Suite 302, Belize City, Belize
Other services: call back and live chat
Users exposures on WikiFX
On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Frequent asked questions about FX Choice
Is this broker well regulated？
No, it is currently not effectively regulated and you are advised to be aware of its potential risks.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive e-global and fx-choice are, we first considered common fees for standard accounts. On e-global, the average spread for the EUR/USD currency pair is -- pips, while on fx-choice the spread is from 0.5.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
e-global is regulated by FSC. fx-choice is regulated by FSC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
e-global provides trading platform including -- and trading variety including --. fx-choice provides trading platform including Classic,Pro,Optimum and trading variety including 36 currency pairs; Indices, Metals, Commodities, Energies, Cryptocurrencies.