FXChoice Review – Is FXChoice Scam or a Proper Broker?

FXChoice Review

FXChoice is a trustworthy brokerage firm that is operating in multiple parts of the world providing the trading services in commodities, CFDs, metals, cryptocurrency, energies, shares, stocks, forex etc.

The broker was founded at the Central America about a decade back and since its inception, it is striving to provide a regulated and safe platform to its customers where they can trade according to their own convenience.

A detailed and comprehensive FXChoice review is given below that will help the readers in understanding the pros and cons of trading with the broker and all types of services its is currently offering to facilitate the investors.

Is FXChoice a Scam?

No, FXChoice is not a scam. The broker originated at Belize, and it is regulated by a reputable and trustworthy regulatory authority named as International Financial Services Commission (IFSC). According to the restrictions and guidelines imposed by the IFSC, FXChoice strictly follows all the regulations and policies. It makes sures that the assets and the funds of the customers are kept safe with them.

Charges and Fees

FXChoice charges certain deposit fee and withdrawal fee every time a transaction is carried out. The fee that is charged depends on the method adopted to carry out transaction. However, the broker charges no inactivity fees from the customers if they remain detached from the account for a certain period of time. The fee ranking of the broker is marked as an average one by the experts and professionals.

Opening an Account

Opening an account with FXChoice is a very easy and convenient process. One just has to follow the steps mentioned by the broker. The initial deposit demanded by the broker is $100.

Trading Platforms

The trading platforms that are integrated with the broker can be easily accessed through the electronic devices such as desktop, mobile phones or tablets that help the traders to carry out trading activities anywhere.

FXChoice is integrated with the popular trading platforms named as MetaTrader4 (MT4) and MetaTrader5 (MT5). These trading platforms provides the easy access to all the advanced techniques and tools that can be used for efficient and productive trading. These platforms can easily be used through their mobile applications.

Trading Instruments

FXChoice provides a wide range of more than 50 products to the traders to choose for trading. These products may include the index CFDs, Commodity CFDs, CFDs, cryptocurrencies and many more. The customers can get the information regarding the trading hours and time of all the products through the official website of the broker.

Leverage

Higher regulatory authorities usually advise the customers to avoid leveraged products due to the risk of loss integrated with them. The leverage that is usually provided depends on the area the client is residing and the kind of assets he wants to trade. FXChoice offers high leveraged products to their customers so that they can gain maximum profit from their investment.

Bonuses

Different types of bonuses are usually offered to by different brokers to lure a greater number of customers. FXChoice also offers welcome bonus to its customers that is composed of about 50% of the amount initially deposited. In addition to that, the broker also offers 65% bonus in case any kind of cryptocurrency is deposited by the customers.

Training and Education

It is very important for the traders to educate and train themselves before initiating the trade process. FXChoice provides sufficient educational material and resources on its website for its customers where they can learn the advanced techniques and strategies to trade in a better way. In addition to that, the traders are also provided with the option of opening a Demo account initially so that they can learn the basics in the start.

Conclusion

FXChoice is a well-regulated broker that is serving its customers since many years in a successful manner. The broker is integrated with advanced trading platforms and is facilitating people worldwide through all the updated tools and strategies.

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