FXChoice vs iFOREX
FXChoice or iFOREX – which is better for UK traders 2024? Compare FXChoice and iFOREX in this detailed breakdown of their platforms, features and fees.
| FXChoice | iFOREX |
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| FXChoice is ranked #97 among CFD brokers. | iFOREX is ranked #97 among CFD brokers. |
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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. |
iFOREX has closed or no longer accepts UK clients.
iFOREX is a multi-regulated forex & CFD broker with millions of clients worldwide |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | Yes |
| Instruments | |
| CFDs, Forex, Indices, Commodities, Cryptocurrencies, Shares | Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs |
| Bonus | |
| 50% Welcome Deposit Bonus | |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $100 | $100 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| FSC | CySEC, FCA, BVI |
| Mobile Apps | |
| iOS & Android | Yes |
| 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. |
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| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | No |
| MetaTrader 4 | |
| Yes | No |
| MetaTrader 5 | |
| Yes | No |
| 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 | |
| Yes | No |
| DMA Account | |
| No | No |
| MAM Account | |
| Yes | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | No |
| Market Maker | |
| Yes | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | No |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | |
| Copy Trading | |
| Yes | No |
| 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 | |
| Yes | No |
| Trade Signals | |
| Yes - MQL5 | Yes |
| VPS Hosting | |
| Yes | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Commodities | |
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| 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. | iFOREX offers hundreds of CFDs on FX, indices, shares, commodities, and cryptocurrencies |
| Leverage | |
| 1:200 | 1:30 |
| FTSE Spread | |
| From $18.53 | 2.4 |
| GBPUSD Spread< | |
| From $8 | 2.8 |
| Oil Spread | |
| From $40 | 5.4 pips |
| Stocks Spread | |
| Variable | 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. | iFOREX offers trading on approaching 100 currencies from around the world |
| Assets | |
| 36 | 90 |
| GBPUSD Spread | |
| From $8 | 1.8 |
| EURUSD Spread | |
| From $5 | 1.8 |
| EURGBP Spread | |
| From $6.95 | 2.8 |
| Cryptocurrency | |
| 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. | iFOREX offers trading on popular cryptocurrency coins |
| Spread | |
| 0.11 - 3.0 pips | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| Yes | No |
| FXChoice | iFOREX |
| More Comparisons | |
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FXChoice vs |
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