Backoffice FXChoice
It has been a trustworthy and well-known broker catering to the trading needs of thousands of traders from across the world. It has collected multiple prestigious awards, and most of them are for its praiseworthy customer service quality. The platform is backed by NDD or non-dealing desk technology, and hence, there are no major concerns about the security of the customer’s funds; thus, traders can trade safely. All account types can be opened as either corporate or individual accounts and can also be traded in demo mode to sharpen your trading skills before using real money. Traders who have traded on the MT4 trading platform can still enjoy the same features on MT5 with a slightly enhanced overall trading experience.
- The platform can be configured to meet your needs and you can easily rearrange the layout and display.
- Withdrawals made through bank or wire transfer may also apply withdrawal fees depending on the banking company.
- Traders are also charged with withdrawal fees if money is withdrawn via credit or debit cards or e-wallets.
- Aside from the above contact methods, FXChoice are also active on social media.
- This FXChoice Broker Review strongly suggests traders take full advantage of a demo account that is supported on both the classic and pro account types.
Having been in business since 2010, with FXChoice you can now trade forex, cryptocurrency CFDs, index CFDs, and commodity CFDs on MetaTrader 4 or MetaTrader 5. FXChoice also stands out with its range of additional trading tools, from Myfxbook AutoTrade to hand-picked Expert Advisors. This adds up to a broker that’s not only perfect for beginners but experienced traders too.
The communication and transactions are fully encrypted by using a Secure Socket Layer (SSL) technology whereas the client passwords are fully encoded. The same level of security measures is applied to the MetaTrader platforms and the traders can also apply the 2-factor authentication that also includes the Google Authenticator. Note that traders from the United States can also trade on this platform even though they are not regulated in the US.
Alternatively there is a client support line too, and a phone line for general queries. Aside from the above contact methods, FXChoice are also active on social media. You can get in touch and follow them on Facebook, Twitter, YouTube and Instagram. They do not have their own mobile software, but users can download the MetaTrader mobile apps. Through their website it is possible to download both MetaTrader 4 Mobile and MetaTrader 5 Mobile for iOS and Android devices.
Moreover, their YouTube channel contains a selection of different tutorial videos that help users use their trading platform. They operate two of the most well-known and popular platforms – MetaTrader 4 or MT4, and MetaTrader 5 or MT5. Both MT4 and MT5 can accommodate any level of financial trader, from beginner through to experts. There is little different between the two platforms – MT5 is simply better suited for trading financial assets as opposed to Forex. Moreover, the broker platform ensures that all client transactions are safely processed.
Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts. Money never sleeps, and cares not that you have a busy life and may need to be away from your PC from time to time. With access to our mobile trading, your eye is never far from the market, whether you’re commuting to work, or out walking the dog. MetaTrader 4 trading platform is beginner-friendly, and it is compatible with the platform’s Expert Advisor systems. It is also compatible with Mac and Windows desktop versions along with iPhone, iPad, and Android mobile operating systems. FXChoice does not have any debit balance guarantee or negative balance protection that implies that the trades will be closed automatically before the account balance turns negative.
Forex
MT4 Google Play or Android app has a 4.6 rating out of 5, with more than half-million ratings in the 4 to 5-star range. With FXChoice, users get the top 6 world-best instruments, including NASDAQ, US30index, US500index, USTECHindex, DE30Index, and JAPANindex.
Commissions
The Forex market is immense, seeing USD 4 trillion passes through it every day, making it the world’s largest market. This incredible volume brings liquidity and flexibility to the trader’s strategy. MT4 Apple or iOS app has a 4.8 rating out of 5 and in general, tens of thousands of users love this mobile app version.
FXChoice MT4 Mobile App
Mobile trading at FXChoice is supported on both the MT4 and MT5 mobile trading apps, and it is compatible with all smart devices. The brokers’ apps provide almost all the functionalities provided in the desktop version but with added benefits like interactive price charts and push notifications. Traders trading from iPad can also get multiple display charts in a single window. Traders trading on the MT5 platform get to enjoy additional indicators that are not available on MT4. The charting tools are more professional with support for conventional netting and hedging options, compatible with Expert Advisors.
What Is FXChoice?
Usually, this conversion fee is charged based on the base currency, the receiving currency, and the payment provider. The commissions are applied only to those who own a Pro account and on specific assets. The commission fee varies based on the specific instrument and the type of asset. In general, the commissions can be calculated as $3.5 per side or per notional amount of $100,000. If you want to get in touch with customer support then you have several different options available. Simply click on the chat button and a pop up window opens – you can then talk to a customer service rep as soon as you have entered your contact details.
Trading conditions6 Articles
Experienced traders can also apply for a MAM or Multi-Account Management account and be eligible to handle other’s accounts. New users can visit the company page to get more details about how the periodic bonuses apply. These currency options are advantageous since currency conversion fees are not charged while using the account in the clients’ currency.
Both of these applications have fantastic reviews and allow you to trade efficiently from your smartphone or tablet. Both MT4 and MT5 are available on Windows, Android, Mac OS and iOS devices. The platform can be configured to meet your needs and you can easily rearrange the layout and display. Furthermore, you can make use of a myriad of charts and analysis tools to improve your trading experience. Even the order process and generating trade reports are easy to complete too.
FXChoice
The website offers news in a section labeled as Company News that offers insights into the crypto and forex markets. Deposits and Withdrawals are probably the most popular topic for our clients. The Web Terminal, available for both MT4 and MT5 users, allows you to trade via a browser without the need for downloading additional software. fx choice review FXChoice offers several indices for traders to diversify their portfolios. With instruments from the United Kingdom, the United States, Japan, and Germany, traders can select the indices with a worldwide impact. Coming to FXChoice’s security and regulation, the platform is regulated by the Financial Services Commission of Belize (FSC).
It has been a trustworthy and well-known broker catering to the trading needs of thousands of traders from across the world. It has collected multiple prestigious awards, and most of them are for its praiseworthy customer service quality. The platform is backed by NDD or non-dealing desk technology, and hence, there are no major concerns…