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Do you want to know which is the better broker between FXCM and FX Choice ?
In the table below, you can compare the features of FXCM , FX Choice side by side to determine the best fit for your needs.
EURUSD: -0.9
XAUUSD: 0.1
Long: -5.68
Short: 2.66
Long: -49.59
Short: 22.99
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 fxcm, 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:
FXCM Review Summary in 10 Points | |
Founded | 1999 |
Headquarters | London, UK |
Regulation | FCA, ASIC, CYSEC, FSCA |
Market Instruments | Forex, Shares, Indices, Commodities, Cryptocurrencies |
Demo Account | Available |
Leverage | 1000:1 |
EUR/USD Spread | 1.3 pips |
Trading Platforms | Trading Station, TradingView Pro, MetaTrader 4, ZuluTrade, Capitalise AI |
Minimum deposit | $50 |
Customer Support | 24/5 phone, email, and live chat |
Promotions | Yes |
FXCM is a retail forex broker that was founded in 1999. The company is headquartered in London, UK, but has offices and affiliates in a number of other countries, including Australia, Germany, France, Italy, Greece, Hong Kong, Japan, South Africa, and the United States.
The company provides online trading services in forex, contracts for difference (CFDs), and other financial instruments. FXCM offers various trading platforms including the popular MetaTrader 4 (MT4), Trading Station, TradingView Pro, ZuluTrade, Capitalise AI. The broker provides customer support in multiple languages and offers educational resources and market analysis tools to help traders make informed trading decisions.
FXCM is a retail forex and CFD broker that operates as a No Dealing Desk (NDD) broker. This means that FXCM does not take the opposite side of clients' trades and instead uses Straight Through Processing (STP) to send client orders to liquidity providers in the interbank market. This model is designed to provide traders with faster execution and more transparent pricing. FXCM also offers commission-based pricing, as opposed to spreads, which may appeal to traders who prefer a more transparent fee structure.
FXCM is a well-established and reputable forex broker with over two decades of experience in the industry. Its strengths include its comprehensive educational resources, a wide range of trading instruments and platforms, and a global presence. FXCM also offers competitive pricing and flexible account options, making it accessible to traders of all levels.
However, FXCM's weaknesses include limited deposit and withdrawal options, high fees for certain services, and the potential for slippage during periods of high volatility. Some traders have also reported issues with customer support, particularly in non-English speaking regions.
Pros | Cons |
• Globally and heavily regulated | • US clients are unaccepted |
• Commission-free trading available on Standard accounts | • Limited product offerings beyond forex and CFDs |
• Multiple trading platforms to choose from, including MetaTrader 4 and Trading Station | • Limited educational resources compared to some other brokers |
• Competitive spreads on forex pairs | • Limited research and analysis tools |
• No deposit or withdrawal fees | • Limited customer support availability on weekends |
• Low minimum deposit requirement | • Limited payment options |
It's worth noting that the pros and cons listed above are not exhaustive and may not necessarily apply to every trader's individual experience with FXCM.
Overall, FXCM can be a good choice for traders who prioritize education and a diverse range of trading options, but it may not be the best fit for those who require a specific deposit or withdrawal method, or who prioritize low fees above all else.
FXCM is a legitimate broker with a long-standing reputation in the industry. The company is regulated by top-tier financial authorities, such as the FCA in the UK, the ASIC in Australia, CYSEC in Cyprus and FSCA in South Africa, which ensures that it operates under strict financial and ethical guidelines. FXCM also has a solid track record of handling client funds in a secure and responsible manner.
However, like any broker, there are potential risks involved in trading, such as market volatility and the possibility of losses. It's important to carefully evaluate the risks and benefits before deciding to trade with any broker.
FXCM provides negative balance protection and offers its clients access to segregated accounts, providing additional security measures. More details can be found in the table below:
Protection Measure | Detail |
Regulation | FCA, ASIC, CYSEC, FSCA, ISA |
Segregated Funds | Yes |
Investor Protection | Up to £85,000 |
Negative Balance | Yes |
Financial Audit | Yes |
Insurance | No |
Note: The table only includes a few of the many safety measures that FXCM employs to protect its clients.
FXCM is a well-regulated and reputable broker with a long-standing history in the industry. The company is regulated by top-tier financial authorities and has multiple licenses, demonstrating a commitment to client protection.
However, FXCM has faced regulatory penalties in the past and the company's reputation was negatively impacted. Overall, while FXCM has had some past issues, the broker has taken steps to address them and appears to be a reliable choice for traders.
FXCM offers trading in five major classes of tradable assest, including forex, shares, indices, commodities, and cryptocurrencies, which provides traders with varying interests and strategies a broader portfolio.
There are two types of accounts: Regular Accounts and Premier Accounts. Regular accounts have a minimum deposit of $50 and allow investors to trade up to 39 popular currency pairs and the entire CFD range.
The Premier Account is designed for high-volume investors and requires, firstly, an FXCM account or a new account, a total USD notional trading volume of $10 million per natural month. The account offers investors a range of benefits: exclusive support, premium services, and tailor-made trading solutions.
Aside from real trading accounts, FXCM also offers demo account options. FXCM's demo account, elaborately, provides a realistic trading experience with access to live market prices across multiple asset classes. Traders can receive $20,000 in virtual funds to practice executing buy and sell orders on FXCM's user-friendly trading platform, available 24/5. This risk-free environment enables traders to hone their strategies and gain confidence before transitioning to a live funded account.
FXCM offers several leverage options for trading Forex (FX) and Contracts for Difference (CFDs), depending on the account equity. For equity less than $5,000, traders can access up to 1000:1 leverage for both FX and CFDs. Accounts with equity between $5,000 and $50,000 are eligible for up to 400:1 leverage on both FX and CFDs. Accounts with equity greater than $50,000 can leverage up to 100:1 for FX and up to 200:1 for CFDs. This tiered leverage system allows traders to customize their risk exposure based on their account size and trading strategies, while adhering to regulatory requirements.
The spreads are 1.3 pips for EUR/USD, 2.3 pips for EUR/GBP, and 1.8 pips for AUD/USD. The Premier account offers investors a cashback offers. If a client trades EUR/USD pair and reaches $300 million in notional volume for the month (for the fifth step), then the cashback amount is $25/million, for a total cashback amount of $7,500. The cashback for equity index CFD products ranges from $1 to $3 per million USD.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
FXCM | 1.3 pips | $25/1M traded |
IG | 0.6 pips | No |
Oanda | 0.9 pips | No |
Pepperstone | 0.0 pips | AUD $3.5 / side / 100k traded |
XM | 0.6 pips | No |
Plus500 | 0.6 pips | No |
Note: Spreads can vary depending on market conditions and volatility.
FXCM provides rebates through three channels: Rebate Program, Friends and Family, Accounts Promotions. Account promotions, particularly, gives traders most benefits. To benefit from these promotions, traders simply need to open an account and register for the promotion by filling out the designated form. Upon account activation, making a deposit within 24 hours qualifies traders for the highest bonus of 5%, while those depositing within one month of activation can enjoy a 2-3% bonus. The bonus amount is then credited to the trader's account within 14 business days of the deposit, enabling them to boost their trading capital right from the start.
FXCM offers a comprehensive platform suite designed ffor various trading needs:
Trading Station: Proprietary advanced platform
TradingView Pro: Powerful charting and analysis
MetaTrader 4: Industry-standard user-friendly platform
ZuluTrade: Social trading, copy successful strategies
Capitalise AI: AI-powered automated trading and portfolio management
Overall, FXCM's trading platforms offer a range of advanced features and tools that can appeal to traders of all levels and styles.
Broker | Trading Platform |
FXCM | Trading Station, TradingView Pro, MetaTrader 4, ZuluTrade, Capitalise AI |
IG | IG Trading, MetaTrader4 |
Oanda | Oanda Trade, MetaTrader4, Oanda Web Trading |
Pepperstone | MetaTrader4, MetaTrader5, cTrader, Pepperstone Webtrader |
XM | MetaTrader4, MetaTrader5 |
Plus500 | Plus500 WebTrader, Plus500 Windows Trader |
FXCM welcomes several payment methods, including online banking payments, bank transfers, and other payments. The minimum single deposit for CUP is $100, and the minimum deposit for a credit card or wire transfer is $50. Besides, traders can withdraw funds once a month for free.
The minimum deposit requirement for FXCM varies depending on the account type and the region of the client. For example, in the UK and some other regions, the minimum deposit for a Standard account is £300 or equivalent in another currency, while for the Mini account, it is £50 or equivalent.
However, in some other regions, such as the US, the minimum deposit for a Standard account is $5,000, while for the Mini account, it is $50. It is important to check the minimum deposit requirement for the specific account type and region before opening an account with FXCM.
FXCM | Most other | |
Minimum Deposit | $50 | $100 |
To withdraw funds from your FXCM account, you need to follow these steps:
Step 1: Log in to your FXCM account on the FXCM website.
Step 2: Click on the “MyFXCM” menu and select “Withdraw.”
Step 3: Select the account you wish to withdraw from and choose your withdrawal method.
Step 4: Enter the amount you wish to withdraw and provide any additional information that may be required for your chosen withdrawal method.
Step 5: Review and confirm your withdrawal request.
Step 6: Once your withdrawal request has been processed, you will receive an email confirmation with details of the transaction.
It's important to note that the time it takes for your funds to be withdrawn will depend on the withdrawal method you choose and the processing times of your bank or payment provider.
Apart from spreads and commissions, FXCM also charges overnight fees. Overnight fees, also known as swap fees, are charged for positions that are held overnight.
FXCM does not charge any deposit fees, but there are withdrawal fees depending on the withdrawal method used. For example, bank wire withdrawals are subject to a $40 fee, while credit card withdrawals are subject to a 1.8% fee.
Inactivity fees may also be charged if an account is inactive for a certain period. For example, FXCM charges an inactivity fee of $50 per year if there are no trades or open positions for 12 months.
It is important to review the fee schedule on FXCM's website before opening an account to ensure a full understanding of the fees associated with trading.
See the fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
FXCM | Free for most methods | Free for most methods | $50/year |
IG | Free | Free | $18/month |
Oanda | Free | Free | $10/month |
Pepperstone | Free | Free for Australian bank transfer, $20 for international wire transfer | $0 |
XM | Free | Free | $5/month after 90 days of inactivity |
Plus500 | Free | $10 | $10/quarter |
Please note that these fees may be subject to change and may vary depending on your location and account type. It's always a good idea to check with the broker directly for the most up-to-date information.
FXCM offers customer support via phone, email, and live chat 24/5 during market hours. They also have a FAQ section on their website to provide answers to common questions. FXCM provides localized support in various languages and countries, and they have a team dedicated to handling account-related inquiries.
In addition, they offer remote assistance through TeamViewer to assist clients with any technical issues they may encounter. Overall, FXCM is known for their responsive and helpful customer support.
Pros | Cons |
• 24/5 customer support through phone and chat | • No 24/7 customer support |
• Multilingual support | • No local office in some countries |
• Comprehensive FAQ section on the website | • No dedicated account manager |
• Personalized support for VIP clients | • Some clients report slow response times for inquiries |
Note: The above information is based on general feedback from clients and may not be applicable to every individual experience.
FXCM offers a range of educational resources to help traders improve their knowledge and skills. Some of the educational resources available on the FXCM website include:
Webinars: Live and recorded webinars covering a variety of trading topics, including market analysis, technical analysis, and trading strategies.
Video library: A collection of videos covering various trading topics, including trading psychology, chart patterns, and trading platforms.
Trading guides: In-depth guides on various trading topics, including Forex trading, stock trading, and trading psychology.
Forex news: Daily updates on market news and analysis from FXCM's team of experts.
Trading signals: Trading signals based on technical analysis and market trends.
In conclusion, FXCM is a well-established and reputable broker that offers a range of trading instruments and account types with competitive spreads and commissions. The broker's trading platforms are user-friendly and offer advanced features for traders of all levels. Additionally, FXCM provides educational resources and excellent customer support, including 24/5 support in multiple languages.
However, FXCM does have some drawbacks, including the lack of negative balance protection and the high inactivity fee. The broker is also not available in all countries, which may limit accessibility for some traders. Overall, FXCM is a reliable and trustworthy broker that can meet the needs of both beginner and experienced traders.
Q 1: | Is FXCM regulated? |
A 1: | Yes. It is regulated by FCA and ASIC. |
Q 2: | Does FXCM offer demo accounts? |
A 2: | Yes. |
Q 3: | Does FXCM offer industry-standard MT4 & MT5? |
A 3: | Yes. It offers MT4 and Trading Station. |
Q 4: | What is the minimum deposit for FXCM? |
A 4: | The minimum initial deposit to open an account is $50. |
Q 5: | Is FXCM a good broker for beginners? |
A 5: | Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
Trading online carries inherent risks, including the potential loss of your entire investment. It's essential to recognize that online trading may not be suitable for everyone, and individuals should carefully consider their risk tolerance before participating. Additionally, please be aware that the details provided in this review are subject to change as companies update their services and policies. Therefore, it's advisable to verify the most up-to-date information directly with the company before making any trading decisions. Ultimately, the responsibility for utilizing the information in this review lies solely with the reader.
Registered in | Belize |
Regulated by | FSC |
Year(s) of establishment | 2-5 years |
Trading instruments | Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks |
Minimum Initial Deposit | $10 |
Maximum Leverage | 1:1000 |
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/call back |
Fraud Complaints Exposure | Yes |
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros:
Multiple account types with varying minimum deposits and commissions to suit traders with different needs and preferences.
The option to trade a wide range of financial instruments including Forex, metals, indices, cryptocurrencies, and shares.
Multiple platform options including the popular MetaTrader 4 and 5, as well as a WebTrader platform.
High leverage of up to 1:1000 for the Optimum account, providing the opportunity for potentially higher profits.
A variety of deposit and withdrawal methods, including popular e-wallets and cryptocurrencies, with a 15% deposit bonus available.
Comprehensive educational resources including autotrade, copy trading, and trading signals to help traders make informed decisions.
Multilingual customer support available 24/5 via phone, email, live chat, and call back.
Cons:
Limited options for those who prefer a low minimum deposit or zero commission account.
Pro account holders are charged a commission of USD 3.5 per side, which may be relatively high for some traders.
Limited to only a few trading platforms, which may not suit traders who prefer other platforms.
The maximum leverage available of up to 1:1000 for the Optimum account may be too high for some traders who prefer a lower level of risk.
The customer support service does not offer 24/7 assistance.
Advantages | Disadvantages |
FX Choice offers tight spreads and fast execution due to its Market Making model. | As a counterparty to its clients' trades, FX Choice has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients. |
FX Choice is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, FX Choice acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that FX Choice has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with FX Choice or any other MM broker.
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 in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.
Advantages | Disadvantages |
Wide range of trading markets including currency pairs, indices, commodities, metals, energy, cryptocurrencies, and stocks | None found |
FX Choice offers a vast selection of tradable instruments, including forex, indices, commodities, metals, energy, cryptocurrencies, and stocks. This wide range of markets provides traders with numerous opportunities to diversify their trading portfolio and take advantage of different market conditions. For instance, traders can choose to trade the highly liquid forex market, take positions on the commodities market, or trade the popular cryptocurrency markets. Additionally, traders can access various indices, energy, and metal markets to take advantage of market opportunities. Overall, the broad range of trading instruments on FX Choice makes it a suitable broker for both new and experienced traders who want access to multiple markets. No disadvantages were found in this dimension.
Advantages | Disadvantages |
Competitive spreads | Pro account commission of USD 3.5 per side is relatively high |
No commission on Classic and Optimum accounts | Optimum account has higher spreads compared to other accounts |
Rebates available on Pro account |
FX Choice offers competitive spreads on all its account types. The Classic account has spreads starting from 0.5 pips, while the Optimum account has spreads starting from 1.5 pips. The Pro account has spreads starting from 0 pips but charges a commission of USD 3.5 per side, which is relatively high compared to other brokers. However, rebates of up to USD 2 per side are available for high-volume traders on the Pro account. There are no commissions charged on the Classic and Optimum accounts, making them suitable for traders who do not want to pay additional fees. Overall, FX Choice's spreads are competitive and can be considered an advantage for traders.
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 three account types: Classic, Optimum, and Pro Accounts. The Classic Account has a minimum deposit of USD 100 and offers tight spreads starting from 0.5 pips. The Optimum Account, on the other hand, requires a minimum deposit of only USD 10 but has wider spreads starting from 1.5 pips. The Pro Account has a minimum deposit of USD 100 and offers the tightest spreads starting from 0 pips. However, it comes with a relatively high commission fee of USD 3.5 per side. All account types allow for a minimum lot size of 0.01 lots, and the leverage for forex and metals trading ranges from 1:200 to 1:1000. Moreover, the accounts support different markets, including forex, indices, metals and energies, cryptocurrencies, and stocks, among others.
Classic Account | Optimum Account | Pro Account | |
Minimum deposit | USD 100 | USD 10 | USD 100 |
Tight spreads starting from | 0.5 pips | 1.5 pips | 0 pips |
Minimum lot size | 0.01 lots | 0.01 lots | 0.01 lots |
Commission charged Negative figure under ‘Commission’ in trade history | No | No | USD 3.5 per side (USD 1.5 for high-volume traders, see Pips+), per notional amount of USD 100,000 |
Rebate added Above-zero figure under ‘Commission’ in trade history | Up to USD 2 per side, per notional amount of USD 100,000. See Pips+. | Up to USD 2 per side, per notional amount of USD 100,000. See Pips+. | No |
Leverage | Forex, metals — up to 1:200; more markets. | Forex, metals — up to 1:1000; more markets. | Forex, metals — up to 1:200; more markets. |
Margin level for hedge/lock positions | 50% | 50% | 50% |
Execution | NDD, Market | NDD, Market | NDD, Market |
Margin call / Stop out | 25/15 | 25/15 | 25/15 |
Forex CFDs | 36 currency pairs | 36 currency pairs | 36 currency pairs |
More CFDs | Indices, Metals & Energies, Crypto, Shares | Indices, Metals & Energies, Crypto, Shares | Indices, Metals & Energies, Crypto, Shares |
Advantages | Disadvantages |
MetaTrader 4 (MT4) platform available | No proprietary platform |
MetaTrader 5 (MT5) platform available | No cTrader platform available |
WebTrader platform available |
FX Choice offers three popular trading platforms to its clients: MT4, MT5, and WebTrader. The MetaTrader platforms are well-known for their advanced charting capabilities and algorithmic trading options, making them ideal for both novice and experienced traders. The WebTrader platform is a browser-based platform that allows traders to access their accounts from anywhere without the need for downloading any software. However, FX Choice does not have its own proprietary platform, which may be a disadvantage for traders who prefer a more customized trading experience. Additionally, the absence of the cTrader platform may be a drawback for traders who prefer this platform for its advanced charting and order execution features. Overall, the availability of the popular MetaTrader platforms and a browser-based WebTrader platform provides traders with flexibility and accessibility to trade from various devices.
Advantages | Disadvantages |
Allows for higher potential profits with smaller initial investment | Higher leverage increases risk of large losses |
Greater flexibility in trading strategies and positions | Can lead to overtrading and poor risk management |
Enables traders to access larger markets with limited capital | Inexperienced traders may be tempted to use high leverage without understanding the risks |
Can increase trading volume and potential returns | Market volatility can quickly wipe out an account with high leverage |
FX Choice offers maximum leverage of up to 1:1000 for Optimum account and 1:200 for Classic and Pro account, which allows traders to open larger positions with a smaller amount of capital. This can be advantageous for traders who have a good understanding of risk management and use leverage wisely to maximize their trading opportunities. However, high leverage can also lead to large losses if traders do not use it responsibly. It is important for traders to understand the risks involved and have a solid trading plan in place when using high leverage. Additionally, traders should always consider the market conditions and volatility before using high leverage in their trades.
Advantages | Disadvantages |
Multiple deposit and withdrawal options | Some deposit/withdrawal methods may not be available in certain countries |
15% deposit bonus available | Withdrawal fees may apply |
Cryptocurrency deposits and withdrawals available | Bonus terms and conditions may apply |
Fast processing time for most payment methods |
FX Choice offers clients a wide range of deposit and withdrawal options, including cryptocurrencies, Visa, Mastercard, Skrill, Neteller, and many more. The 15% deposit bonus is also an attractive feature for new clients. However, some payment methods may not be available in certain countries and withdrawal fees may apply. It's also important to note that bonus terms and conditions may apply. In general, FX Choice aims to process payments quickly, which is a positive aspect for clients looking for a fast and efficient payment system.
Advantages | Disadvantages |
A wide range of educational resources including market signals, autotrade, copy trading, VPS, news, trading signals, and EA | Limited educational materials for beginners |
Access to professional trading tools | Some resources may require additional fees or commissions |
Customizable tools to meet individual needs and preferences | |
Opportunity to learn from experienced traders |
FX Choice offers a variety of educational resources that cater to the needs of traders at different levels of experience. The platform provides a range of professional trading tools that traders can use to improve their skills and knowledge. The educational resources available include market signals, autotrade, copy trading, VPS, news, trading signals, and EA. These resources are customizable, allowing traders to tailor them to their individual needs and preferences. Additionally, traders can learn from experienced traders by using the platform's copy trading features. While FX Choice offers a wide range of educational resources, there may be limited materials for beginners, and some resources may require additional fees or commissions. Overall, the platform offers a strong set of educational resources for traders looking to improve their trading skills and knowledge.
Advantages | Disadvantages |
24/5 customer service available | No 24/7 customer service available |
Support in multiple languages | No local phone numbers for some countries |
Various contact methods available | No physical office for some regions |
Quick response time through live chat and phone | Limited information on the website about customer service protocols |
Call back service available |
FX Choice offers 24/5 customer service to its clients, providing support in multiple languages through various channels such as email, phone, live chat and call back service. The quick response time through live chat and phone is an advantage, ensuring that clients can get their issues resolved promptly. However, the lack of 24/7 customer service and local phone numbers for some countries could be a disadvantage for clients in those regions. While FX Choice has a physical office, it may not be accessible to some clients. The website could also provide more information about the customer service protocols in place to manage clients' issues. Overall, FX Choice's customer care dimension provides a good level of support to its clients.
FX Choice is a well-established online trading platform that provides a wide range of trading instruments, including forex, CFDs, and cryptocurrencies. The platform offers multiple account types, educational resources, and 24/5 customer support in various languages. It also provides various deposit and withdrawal options, making it easy for traders to manage their funds. One of the most significant advantages of FX Choice is the availability of the MetaTrader platform, which is a popular and user-friendly platform used by many traders worldwide. While there are some disadvantages, such as the limited availability of some services, FX Choice remains a reputable and reliable platform for both beginner and experienced traders looking to trade various financial instruments. Overall, with its comprehensive trading features, customer support, and user-friendly platform, FX Choice is an attractive choice for traders looking for a reliable online trading platform.
Question: What is FX Choice?
Answer: FX Choice is an online forex and CFD broker that offers trading services to retail and institutional clients.
Question: What types of accounts does FX Choice offer?
Answer: FX Choice offers three types of accounts: Classic, Optimum, and Pro.
Question: What is the minimum deposit to open an account with FX Choice?
Answer: The minimum deposit to open a Classic account is USD 100, while the minimum deposit for an Optimum account is USD 10, and for a Pro account, it is USD 100.
Question: What is the maximum leverage offered by FX Choice?
Answer: FX Choice offers leverage up to 1:1000 for Optimum account and 1:200 for Classic and Pro accounts.
Question: What trading platforms are available at FX Choice?
Answer: FX Choice offers the popular trading platforms MT4, MT5, and WebTrader.
Question: What are the deposit and withdrawal methods available at FX Choice?
Answer: FX Choice offers various deposit and withdrawal methods, including credit cards, e-wallets, bank transfers, and cryptocurrencies.
Question: Does FX Choice offer educational resources for traders?
Answer: Yes, FX Choice provides educational resources such as market signals, autotrade, copy trading, VPS, news, trading signals, and EA.
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 fxcm and fx-choice are, we first considered common fees for standard accounts. On fxcm, the average spread for the EUR/USD currency pair is -- pips, while on fx-choice the spread is from 0 .
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.
fxcm is regulated by ASIC,FCA,CYSEC,FSCA,ISA. 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.
fxcm provides trading platform including -- and trading variety including --. fx-choice provides trading platform including Pro,Classic,Optimum and trading variety including 36 currency pairs; Indices, Metals, Commodities, Energies, Cryptocurrencies.