FXChoice Review 2021
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| FXChoice is an offshore retail broker offering MT4 and MT5 platform downloads. | ||
FXChoice is broker that gives traders access to Forex, CFDs, indices, commodities, cryptocurrencies. With FXChoice traders can use both the MetaTrader4 and MetaTrader5 platforms.
FXChoice also gives traders access to 3 cryptocurrencies: BTC, LTC and ETH.
FXChoice is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.
FXChoice Summary
FXChoice is an offshore retail broker offering MT4 and MT5 platform downloads.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, commodities, cryptocurrencies |
| Demo Account | ✓ |
| Min. Deposit | $100 |
| Min. Trade | 0.01 lots |
| Regulated By | IFSC |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✓ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | Yes (EAs) |
| Trade Signals | ✓ |
| Social Trading | ✓ |
| Copy Trading | ✗ |
| Islamic Account | ✓ |
CFD Trading
FXChoice offers leveraged CFD products on a breadth of financial markets.
| Leverage | 1:200 |
|---|---|
| FTSE Spread | 1.5 |
| GBPUSD Spread | 1.3 |
| Oil Spread | 0.040 |
| Stocks Spread | Variable |
Forex Trading
Trade three-dozen forex pairs, including the US Dollar and Euro.
| GBPUSD Spread | 1.3 |
|---|---|
| EURUSD Spread | 0.6 |
| EURGBP Spread | 0.9 |
| Assets | 36 |
Cryptocurrency Trading
FXChoice offers trading on leading crypto cross pairs with the US Dollar.
| Spread | 0.01 |
|---|---|
| Coins | BTC, LTC, ETH |
Payment Methods
FXChoice accepts the following payment methods:
- Wire Transfer
- Visa
- Neteller
- Skrill
- FasaPay
- Paysafecard
- POLi
- Sticpay
- Perfect Money
- Bitcoin Payments
FAQ
Is FXChoice Safe?
In our review we gave FXChoice a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts. One of the main negative factors in this low score is that FXChoice is not FCA regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.
Does FXChoice Accept PayPal?
No, FXChoice does not accept PayPal payments.
Is FXChoice Halal?
Yes, FXChoice does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does FXChoice support?
With FXChoice you can trade on 2 different platforms: MetaTrader 4 and MetaTrader 5.
Is FXChoice Regulated?
Yes, FXChoice is regulated by IFSC.
The fact that FXChoice is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for options.
FXChoice vs Other Brokers
If you want to compare FXChoice with other brokers, use the detailed comparisons below.
- AAAFx vs FXChoice
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- Mega Trader FX vs FXChoice
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| FXChoice is an offshore retail broker offering MT4 and MT5 platform downloads. | ||