FXChoice Review; Is Fxchoice a good Trading Broker to use?Apr 01, 2023
Lots of the time I get asked, what broker do you use to trade?
This is such a common question because there are more and more brokers emerging in the Trading world to capitalise on the market and the vast amount of people who are looking to make their money work, aswell as the growing interest in the financial markets as we all become more connected online. Ideally, the main thing you are looking for is reliability as most brokers will attempt to compete for an industry standard on spreads, but Fxchoice still remains great for value and also reputation.
Fxchoice is a broker that was founded around 10 years ago and has been running ever since. They offer a wide range of assets that are tradeable aswell as a sign up bonus offer to provide extra margin for you as a trader. You can trade indices, FX, Crypto and various commodity markets with Fxchoice at any time of the day as long as the market is open and you can process orders. Minimum deposits come at $10 or your favoured currency and withdrawals can be made on demand with the standard processing time across the industry.
You can use FXchoice on both MT4 and MT5 like you can most other brokers and spreads are usually quite tight, which is ideal for traders who are taking a large amount of trades per day. Commissions on trades are also nil for your trading activity which is an added bonus. Their reputation precedes them as they have been running for a long amount of time and are industry leading, with several Broker awards from 2020-2023. They also offer both Pro and Corporate accounts if you are looking to trade in that particular way.
The leverage options for Fxchoice are quite big at a maximum of 1:1000, giving more margin to traders who diversify their portfolios greatly by trading lots of different assets across their broker account. Customer support is also incredibly efficient and reliable, often getting fast replies via email and via the live chat section on their site. Customer Service is normally on hand to answer questions should you have them at any time inside your members portal.
All in all, Fxchoice are a great broker with a good reputation and reliability. You can use various different account types and classic accounts come with tight spread, no commissions and fast execution from your Trading station. As always, we suggest you start off Trading with a demo account until you can see you are profitable and you are competent. Alike to FXchoice, we are looking for the best outcome in your trading, so please read the risk warning on our website!
Founder Of WOTT Trading Academy