FXChoice
Rating: 0.7 / 5FXChoice, founded in 2010, is an online Forex broker operating out of Belize. The company won the 2020 LiveHelpNow Challenge for maintaining the best customer service. FXChoice states that providing traders with a technological edge remains paramount and, to that end, offers the MT4/MT5 trading platforms. On its homepage, it notes spreads as low as 0.1 pips and maximum leverage of 1:200. A loyalty program exists, lowering the final trading costs. FXChoice mentions a no dealing desk (NDD) execution model, and it offers a 15% bonus for Bitcoin deposits, which is both unique and interesting.
FXChoice, founded in 2010, is an online Forex broker operating out of Belize. The company won the 2020 LiveHelpNow Challenge for maintaining the best customer service. FXChoice states that providing traders with a technological edge remains paramount and, to that end, offers the MT4/MT5 trading platforms. On its homepage, it notes spreads as low as 0.1 pips and maximum leverage of 1:200. A loyalty program exists, lowering the final trading costs. FXChoice mentions a no dealing desk (NDD) execution model, and it offers a 15% bonus for Bitcoin deposits, which is both unique and interesting.
Broker Details
- Headquarters
- Belize
- Established
- 2010
- Min Deposit
- $100
- Execution
- Market Maker, No Dealing Desk
Trading Conditions
- Trading Hours
- CommoditiesMonday 01:00 - Friday 23:45Crude OilMonday 01:00 - Friday 23:45GoldMonday 01:00 - Friday 24:00MetalsMonday 01:00 - Friday 24:00Equity IndicesMonday 01:00 - Friday 23:45StocksMonday 10:00 - Friday 23:00
Accounts & Funding
- Deposit Options
- Credit CardsWire TransferDebit CardsNetellerSkrillOther
- Withdrawal Options
- Credit CardsWire TransferDebit CardsNetellerSkrillOther
Trading Costs & Spreads
- EUR/USD
- 1.4 pips ($14.00)
- GBP/USD
- 1.9 pips ($19.00)
- Gold
- $0.39
- WTI Crude
- $0.04
Platform & Features
- Trading Platforms
- MetaTrader 4, MetaTrader 5
Pros
- NDD execution model with an acceptable minimum deposit
- Retail account management via MAM accounts
- Excellent customer service and winner of the 2020 LiveHelpNow Challenge
Cons
- Limited asset selection
- High trading costs in the commission-free and commission-based accounts
Ad
