OVERVIEW OF FXCHOICE
FXChoice is the new kid on the block and it is important to know fxchoice review before you start the account with them. It was founded in year 2010 and is relatively new than other big names in the online forex broking business. ForexChoice, is a highly trustworthy Electronic Communications Network (ECN) broker and founded with the express motive of providing retail investors from different quarters of the globe with effective and efficient trading conditions. FXChoice offers a highly competitive fee structure with an expanding market that includes commodities, stock, indices, shares, cryptocurrency, metals, energies, forex, and CFD trading.
FXChoice is a true disruptor in the forex world. Every fourth second a trade is executed through FXChoice and it lays claim to a daily transaction volume as high as 150,000. Another heartening thing about FXChoice is its constant striving for improving the trading conditions. This is achieved through introducing new and cutting-edge technology that enables faster trade execution and tight spreads.
FXChoice provides safe, secure, and a reliable trading environment. There is an emphasis on ethical trading behaviour and practices that is designed keeping traders in mind. This relatively new company has a stellar record in customer services and it is no exaggeration to say that its customer service is head and shoulder above even those brokers who are in the business for a long time.
Customers trading with FXChoice gets transparency and credible trading opportunities that create a seamless overall experience for one and all involved in trading. As far as security is concerned, it is taken care of by the platform that is backed NDD, non-dealing desk, technology. In our assessment we found FXChoice reviews of different peoples to be very safe to trade with.
The credibility and efficiency of FXChoice is apparent from the fact it has many awards and recognition under its belt from the industry. Its multilingual and friendly customer support service is an envy of many other online forex brokers.
FXChoice was incepted in the Central America, Belize to be specific, in 2010. It has completed 12 years of successful operation and in this time, it has earned a reputation for itself. FXChoice is no longer run-of-the-mill online forex broker: it has carved a niche for itself in the market by tirelessly and continuously upgrading the trading features to its platform hosts. It caters to the trading need of hundred of thousands of traders from all parts of the world. Its customer centric approach to trading has won it many admirers and awards. FXChoice is built its reputation by providing a praiseworthy customer service.
The broker provides CFD and Forex trading opportunities to traders. Traders are spoilt for choice as they have 36 distinct forex pairs to choose from, including Ruble of Russia Norwegian Krone, and South African Rand. The logic behind making available relatively light traded currencies to its traders is to allow its clients to exploit the possibilities provided by the emerging markets.
The platform also lets its trader trade in commodity CFDs like crude oil, silver, and gold. This enables the traders to put their trade in the biggest energy markets in the world while getting the protection of precious metals in their portfolio.
FXchoice is regulated by FSC, Financial Services Commission. FSC is not a very reputed regulator but experts are of the opinion that in time to come FXChoice will get regulation from some of the biggest name in the regulatory world.
But just because FXChoice is not regulated at the time by a very reputed regulatory authority doesn’t translate into it being unsafe for trading. On the contrary, security measures at FXChoice are outstanding and this broker goes out of its way to protect its investors capital. Deposits from different traders are held safely in segregated accounts and these accounts are kept completely different from the corporate accounts. This ensures that platform can not trade with any of its client’s funds or use them for any other purpose like meeting company’s expenses.
OUR ASSESMENT ON FXCHOICE
It is a very good online forex broker and you must give it a shot. Our review on fxchoice come to the conclusion of giving it four stars on a scale of five purely on its track record of proving hassle-free and efficient services to its customers from the world over.
|Year of Inception||2010|
|Regulator||Financial Services Commission|
|Products Offered||Currencies, Commodities, CFDs, Indices, Stock, Crypto|
|Minimum Initial Deposit||$100|
|Trading Fees||Depends on Trading Account|
|Withdrawal fees||Depends on the Payment Method|
|Supported Currencies||USD, EUR, GBP, AUD, CAD, et al.|
|Customer Support||Email, Phone, Live Chats, and FAQs.|
Table of Contents
FXChoice broker is one of the best brokers that lays lot of emphasis on its investors. It is an award-winning platform bringing the best of technology available to its traders around the globe. Extremely competitive trading conditions including low commission fees, tight spreads, outstanding customer support service, lightening quick trade execution, and flexible leverage make FXChoice a very lucrative destination to traders. Though FXChoice is not regulated by any big regulators, it is still a very safe choice among online forex brokers. We recommend this broker to all our readers.
- Scalping, expert advisors, and hedging are allowed on FXChoice. These simple and seemingly innocuous facilities make trading experience with FXChoice excellent.
- FXChoice keeps its clients’ accounts segregated. The segregation of accounts ensure that clients funds are not used for any other purpose save for which it has been deposited.
- Trade is executed at lightening speed increasing the efficiency of traders.
- Spreads are low and fees are also kept at bare minimum.
- Its customer support service is the talk of the town. FXChoice has many awards under its belt purely because of superlative customer support service it provides.
- There are many currencies to choose from. Apart from the major currencies, FXChoice also provides currencies of the emerging market.
- There is no fee charged if your account lies dormant with the FXChoice.
- Though FXChoice is reputed and very safe to trade with, it is not regulated by any regulatory body of any fame or repute.
- Second biggest flaw that we noticed is that demo account on FXChoice expires after 90 days.
- There is a withdrawal fees subject to kind of payment method.