CoinMama vs FXChoice

Coinmama or FXChoice – which is better for UK traders 2024? Compare Coinmama and FXChoice in this detailed breakdown of their platforms, features and fees.

Coinmama vs FXChoice Comparison Table 2024
Coinmama FXChoice
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2.9
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4.1
Coinmama is ranked #9 among crypto brokers. FXChoice is ranked #97 among CFD brokers.
Coinmama is a popular cryptocurrency exchange that aims to provide streamlined and user-friendly cryptocurrency trading options to the retail market. Traders can buy a range of tokens via a fiat on-ramp, store their tokens in a third-party wallet and earn loyalty bonuses for trading with Coinmama. Millions of clients from over 180 countries have signed up to the firm.
FXChoice has closed or no longer accepts UK clients.
FXChoice is a Belize-based broker established in 2010 and registered with the Financial Services Commission (FSC). The brand offers a wide selection of markets including crypto, plus the familiar MT4 and MT5 platforms. FXChoice stands out for its extra tools and perks, from LearnFx EAs to a VPS and Myfxbook's AutoTrade. New users can also claim a welcome bonus upon sign-up.
Pros
  • Diverse methods to buy crypto with fiat including e-wallets, SEPA, bank transfers and SWIFT
  • Save on fees and commissions with larger deposits
  • Choice of third-party wallets to store your tokens
  • Used by more than 3 million crypto investors
  • Straightforward to use for beginners
  • Loyalty bonuses with fee discounts
  • Tight spreads starting from 0.0 pips
  • Bitcoin deposits and withdrawals
  • GPS robot 100k EA download
  • Hedging and scalping allowed
  • MT4 and MT5 downloads
  • Commission-free trading
  • FIFO rule not applicable
  • Cryptocurrency trading
  • Social trading solution
  • Pips+ loyalty scheme
  • VPS available
Cons
  • No iOS mobile app for iPhone and poor quality Android (APK) app
  • No direct crypto trading – clients must first purchase BTC or ETH
  • Poor selection of cryptocurrencies compared to competitors
  • High commissions from 2.93% for the highest tier account
  • User reviews reveal some quality issues
  • Limited wallet compatibility vs MetaMask
  • Limited selection of commodities
  • Weak regulatory oversight
Awards
  • Exceptional Customer Service 2019 - 2021 - LiveHelpNow
FCA Regulated
No

List of FCA Regulated Brokers

No
Instruments
Cryptos CFDs, Forex, Indices, Commodities, Cryptocurrencies, Shares
Bonus
50% Welcome Deposit Bonus
Demo Account
No Yes
Minimum Deposit
$30 $100
Payment Methods
Minimum Trade
$30 to buy, $100 to sell 0.01 Lots
Regulator
FinCEN, FINTRAC FSC
Mobile Apps
Android only iOS & Android
Trading App

MT4 and MT5 apps are available to download form the Apple and Google Play stores. Both applications offers one-click trading, advanced charts and graphs, built-in support, plus instant and pending order types. MT4 is best suited to forex beginners while MT5 will meet the needs of experienced FX traders.

iOS App Rating
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Android App Rating
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Margin Trading
No Yes
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No Yes
DMA Account
No No
MAM Account
No Yes
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
FXChoice has partnered with Myfxbook AutoTrade to offer copy trading to all account holders. You can find and follow the strategies of multiple traders with straightforward account management. MQL5 signals can also be used to inform buy or sell decisions.
Social Trading
No Yes
Trade Signals
Yes - MQL5
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
Commodities
  • Gold
  • Silver
  • Oil
CFD
FXChoice offers highly leveraged CFD products on a breadth of financial markets, including shares, indices, commodities and crypto. FXChoice provides more supporting tools than many alternatives, including signals, auto trading, a VPS, and a research center.
Leverage
1:200
FTSE Spread
From $18.53
GBPUSD Spread<
From $8
Oil Spread
From $40
Stocks Spread
Variable
Forex
Trade 36 forex pairs, including the EUR/USD with spreads from zero pips. FXChoice offers higher leverage on forex than most competitors, alongside 24/5 support and an accessible $10 starting deposit.
Assets
36
GBPUSD Spread
From $8
EURUSD Spread
From $5
EURGBP Spread
From $6.95
Cryptocurrency
Buy, hold and sell 16 crypto tokens including major players like BTC and ETH and lesser-known tokens such as LRC. Use a range of fiat currencies to buy the digital assets, including USD. Cryptos are stored in third-party wallets. FXChoice offers trading on leading crypto cross pairs with the US Dollar. The selection of digital assets is narrow but spreads are tight starting at 0.15.
Spread
From 2.93% to 3.90%. Express fees of 0-5.00% also apply. 0.11 - 3.0 pips
Coins
  • BTC
  • ETH
  • LTC
  • BCH
  • XRP
  • DOGE
  • UNI
  • LINK
  • XTZ
  • BTC
  • LTC
  • ETH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No Yes
Coinmama FXChoice
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