fx choice Guide – Read our In-Depth fx choice Review
fx choice Rating: 5.15 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This fx choice review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this fx choice review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the world of trading and broker, so many details will be perplexing for you. Getting into the world of trading demands expert analyzing skills and comprehensive understanding. You'll acquire proficient at all the concepts of brokerage since you continue trading. For starters, you need to select the ideal broker who will be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment program will create hefty returns. fx choice is just one such platform that will take you and your investment into great heights. It is important that you know about fx choice before you trust them with your cash.
fx choice Guide – Quick Summary
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|Regulated By:||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F235|
|Number Of Clients:||10,000+ fx choice users and traders|
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Your capital is at risk
Our full fx choice Review covers everything you will need to learn about trading using fx choice. A fantastic agent can multiply your first investments and give you positive profits. If you want to earn profits, you should trade with a broker service that contrasts with your investing goals.
There is no sure-fire method to ensure profits; therefore, you should carefully analyze your agent before you select them. It's a frequent misconception that all agents will be exactly the same, but that's not correct. Wrong judgment, initially, can put your investments in danger.
fx choice is a broker which has forged its way successfully to the brokerage world. Within this review, we've attempted to collate a number of the vital aspects of fx choice. This review will help you to understand whether fx choice is a good fit for your own investments or not. We've tried to breakdown all of the qualities and fees for your convenience.
fx choice Review, Table Of Contents
- Who are fx choice?
- Benefits Of Trading With fx choice
- Everything you should know about trading with fx choice
- Is fx choice Safe To Trade With?
- Pro's & Con's Of Trading With fx choice?
- Compare Brokers Similar To fx choice
- Regulation And Licencing In More Detail
- fx choice Awards
- Minimum Deposit Required For A Live Account With fx choice
- fx choice Commission And Fees Explained
- Compare broker fees against fx choice
- fx choice Withdrawal Fees Explained
- fx choice Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With fx choice?
- Alternatives To fx choice
- Frequently Asked Questions About fx choice
Who are fx choice?
fx choice is a foreign exchange broker headquartered in Australia and provides a range of tools for trading. Since its start in 2016, fx choice has emerged as a top-tier player in the field of online brokerage. fx choice has a highly aggressive and full-featured trading website that's focused on currency, indices, metals, shares, commodities.
Over the past 5 years, fx choice has grown into one of the leading online brokers.
After establishing in 2016, their client base is becoming as large as 10,000+ clients.
fx choice is the favorite for many traders because of its negative balance protection. Our fx choice review found that they are an superb alternative for automated trading solutions. It's best suited for investors who are looking for an assortment of assets. Social and automated trading solutions are the heart at fx choice.
Technology plays a substantial role in fx choice. fx choice offers trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps. fx choice is honest, transparent, and a well-regulated agent by the Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F235. Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.
The trader resource department at fx choice is very enlightening for new dealers as it permits them to have a closer look in the financial markets. fx choice caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to trading.
fx choice Videos
If you feel that fx choice is not right for you then at the bottom of this fx choice review you wil find a lot of alternatives to fx choice.
Everything you should know about trading with fx choice
fx choice is a dynamic platform that provides various procedures of trading. These instruments cover the monetary markets considerably. The Majority of the broker platforms offer less procedures than fx choice
If you would like to exchange with fx choice, you'll require a minimum deposit of $250. This deposit is compulsory if you wish to begin trading using fx choice. This 2021 fx choice review will guide you safely about trading with them.
fx choice is as flexible as another brokerage platform. fx choice is ideal for traders that want a manageable assortment of cheap services. The programs supplied by fx choice are third-party, white-label offerings. All traders may pick from MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps.
Along with everything, fx choice has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a trade must be kept available. The agents offer premium customer service which rewards clients with benefits.
Many unprofessional brokers attempt to pressurise consumers into bigger funding for superior services. fx choice, on the other hand, is much more focused on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the further benefits will become available.
fx choice accounts are available globally and provides excellent service wherever they have customers. There are a few countries where fx choice accounts are not available. Traders in the following countries cannot open or use a fx choice account:
BR, KR, IR, IQ, SY, JP, US
Is fx choice Safe To Trade With?
Established in 2016, fx choice has been operating for 5 years, they have a head office in Australia.
fx choice is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F235. These bodies have rules that ensure that trading platforms have ploicies in place to maintain investor's resources secured. This means that fx choice users don't need to be worried about their money since it is segregated and safely stored in banks that are established. SSL encryption simplifies each user's private information also.
You are able to make use of an option for 2 Factor Authentications (2FA) with fx choice for increased security. An SMS with the confirmation code will be sent to a phone. You will be required to input this code to log in to your account.
Another concern with fiscal brokers with regards to safety might be manipulation of trading. This is highly disadvantageous to consumers on these platforms. However, this is much more widespread in the case of Market Maker brokers who compete with customers on the platform.
Pro's & Con's Of Trading With fx choice
Every online trading platform has a few ups and downs, and no fx choice review would be complete without having a balanced approach. This fx choice review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
fx choice Pro's
- fx choice is trusted by 10,000+ clients
- fx choice offers Negative Balance Protection
- fx choice offers Guaranteed Stop Loss
- fx choice doesn't charge withdrawal fees
- fx choice doesn't charge deposit fees
- fx choice doesn't charge CFD fees
- fx choice offer trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
- fx choice offer 118 trading instruments
- fx choice trades major forex pairs
- fx choice trades minor forex pairs
- fx choice trades exotic forex pairs
- fx choice offers trading on cryptocurrencies
- fx choice can communicate in English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
fx choice Con's
- fx choice charge inactivity fees
fx choice Review - Compare Brokers Similar To fx choice
|fx choice||merrill edge||Ingot Brokers||Daw Trading|
|Rating||5.15 / 10||4.9 / 10||4.53 / 10||4.33 / 10|
|Regulated By||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F235||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F277||Australian Securities and Investment Commission (ASIC)||Financial Conduct Authority (FCA)|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Losses can exceed deposits||Your capital is at risk|
fx choice Review - Regulation And Licencing In More Detail
fx choice is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F235.
fx choice, as a company, has a powerful collection of rules for ensuring fair trading onto its platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, client data is never to be shared with some other institutions or individuals. Including credit history and other financial information.
fx choice Review - Awards
- At the time of writing this fx choice review, they had not received any awards.
fx choice Trading Platforms
fx choice are a trustworthy brokerage that has been operating for over 5 years. They offer a wide range of options in their customer accounts.
In the following table we take the main parts of any reputable online broker and compare fx choice with merrill edge, Ingot Brokers, and Daw Trading
fx choice Review - Minimum Deposit Required
The minimum deposit you must deposit to begin on fx choice is $250. This is a decent amount for those just beginning. You can create more advanced deposits as you go along. But, make certain that you know how to make the most of your money before investing in larger amounts.
fx choice Review - Commission And Fees Explained
fx choice is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. In other words, an internet broker isn't necessarily influenced by the number of clients they have.
But this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly 3 different types of penalties for this purpose.
The first kind of charges to look out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you're charged trading fees. In these instances, you are spending a spread, funding speed, or even a commission. The kinds of trading fees and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread refers to the difference between the buying and selling price. Funding or overnight prices are people that are charged when you hold a leveraged position for longer than a day.
Apart from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They are billed for operations like depositing money, not investing for lengthy periods, or withdrawals.
In general, fx choice does not charge high fees compared to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for those who regularly exchange, for example daily or weekly trading.
However, non-trading fees charged by fx choice are relatively lower. As a result, you're billed more for non-trading activities on your trading account, like deposits and withdrawal. These aren't about the purchase and sale of resources.
This fx choice review breaks down every one of the applicable non-trading charges for you in detail.
Compare broker fees against fx choice
fx choice Review - Withdrawal Fees Explainedfx choice doesn't charge withdrawal fees
Withdrawal of cash is possible at any moment from your fx choice account. It's possible to withdraw sums up to the sum of your account balance, keeping aside the perimeter utilized. 1 thing to keep in mind is that you don't always have to have any money on your account.
In addition, the withdrawn money will be transferred directly to the account you use to create deposits. Thus, in the event that you used a credit card for deposits, the withdrawn cash will be sent into the card. fx choice will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing money in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you're opting to withdraw in.
fx choice Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of the buzzing questions that run through your mind when open an account with fx choice. An inactivity fee is an amount charged to registered dealers who haven't participated in purchasing or selling for some time. The period regarded as inactive is determined by the agent.
The inactivity fee differs from 1 agent to another and is not generalized. If a dealers account does not have a purchasing or selling transaction, it's claimed by the broker as an inactivity charge. The traders need to pay this commission under conditions and terms they had agreed while registering.
fx choice charges an inactivity fee if you don't create any trades for a while.
Even if no charges are implied by fx choice, it is best that you close the account if you are inactive. Inactivity fees are not only charged by broker companies but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you've chosen. The inactivity fee is subjected to many conditions and needs to be revealed clearly by the agent beforehand.
fx choice Review - Deposit Fees Explained
When you transfer money into your trading account by the bank account, a deposit fee can be charged by the broker. Most agents don't charge too much money for this particular operation.
fx choice doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the fx choice trading platform is simple. You just have to complete a single-user profile questionnaire to begin depositing money into your trading account. You will have to provide an identity evidence and evidence of residency to deposit substantial sums.
fx choice Review - Compare Broker Deposit Methods
What Can You Trade With fx choice?
Note: fx choice offers many different trading instruments due to regulatory restrictions in various countries. Trading instruments offered will be different based on the country of residence of the client.
fx choice has a wide variety of over 118 instruments available for you to trade with.
If trading forex pairs is of interest to you then fx choice offer over 88 currency pairs.
Compare fx choice, merrill edge, Ingot Brokers & Daw Trading below.
Alternatives To fx choice
If, after reading this fx choice review, they don't quite fulfill your needs check out these fx choice alternatives.
We have scoured the web to find the best alternatives to fx choice. Click on the links below to find out more.
Frequently Asked Questions about fx choice
Can I try fx choice before I buy?
Yes, you can most certainly try fx choice before you buy. fx choice provides demo accounts for the convenience of new traders. You can use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register to get a demonstration account on fx choice, you may set out with a decent amount of virtual currency. It's to establish a sense of safety and confidence in you before you choose to spend your own money.
With this virtual fx choicedemo account, you can experiment at all, to whatever length you desire. You might even open positions, test different trading strategies, and much more.
fx choice specifies on its official site that you can trade real time stocks in a demo account.
Is fx choice safe?
You can drop all your worries since we believe that fx choice is perfectly safe to use. It is in compliance with all the rules of Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F235.
To its credit, fx choice provides assured stop-loss protection.
Why does fx choice ask for my passport?
The reason that fx choice asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, fx choice has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, fx choice must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with fx choice?
The process to start trading withfx choice is perhaps simple enough to be a cakewalk. You need to begin by signing up on the fx choice website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with fx choice is $250. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with fx choice.
The best way to kickstart your trading career with fx choice is to open a demo account facility before risking any real money
What funding methods do fx choice accept?
There are a number of ways to finance your account with fx choice. The process is effortless and quick, with different payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You must bear in mind that PayPal isn't available in all place. The monies fx choice
Is my money safe with fx choice?
Yes, your cash is safe and protected with fx choice. As you know, fx choice works with good conformation to. It's established lots of measures to protect all its investors.
fx choice protects its customers' private and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you want to further safeguard your accounts, you can empower Two-Step Verification also. It requires an SMS confirmation that you get your account.
Is fx choice trading good?
Yes, trading through fx choice is a pleasant and good experience indeed. It's a great and intuitive platform with helpful features for your ease. Moreover, you could also gain access to a huge collection of educational tools and assistive material to kickstart your trading expertise.
If you remain skeptical, it is possible to open a eToro demo account and evaluate the credibility of the platform for yourself.
Which Countries does fx choice support?
fx choice operates around the world. However, due to regulations there are some countries that fx choice can't accept clients from BR, KR, IR, IQ, SY, JP, US
Is fx choice legit?
fx choice is a legit company headquarted in Australia since 2016. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F235. fx choice is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is fx choice a good broker?
fx choice is an excellent broker, and its own users may vouch for this. The highlight of the platform is its quick order execution on transactions.
You'll discover the clean design of the platform and the admirable features a pleasure to work with.
Is fx choice a trustworthy broker?
Yes, fx choice is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for fx choice?
The minimum deposit to open a live account with fx choice is $250
How long do fx choice withdrawals take?
Normally, withdrawal of money from fx choice is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from fx choice to show in your bank account.
Are fx choice regulated?
fx choice are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F235
Is fx choice a market leading broker?
fx choice is indisputably one of the business leaders. It supports over 10,000+ registered customers and over 5 years of experience on its record. They're one of the world's leading trading platforms and also a prominent figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and wide selection of tools plus resources so you can put money into capital markets.
Is fx choice a con?
No, fx choice is not a con. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F235 and must adhere to their rules. Thus, it is safe to say that fx choice is not a scam.
Can you make money with fx choice?
Using fx choice, many traders make a great deal of money. However, typically, through consistent trading, you can make between 2% - 10% profit a month.
This can look like a small number, but within the entire year, this adds to a substantial amount of gains. While fx choice provide you all the tools to make money, they cannot guarantee that you will profit.
Does fx choice have fees?
Yes. To start trading using fx choice, you have to deposit $250. Certain commissions while trading additionally applies. Any processing fees from your bank might need to be incurred by you.
When was fx choice founded?
fx choice was founded in 2016 in Australia. fx choice is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F235.
How many people use fx choice?
fx choice is a globally recognised agent with 10,000+ customers.
Where is the fx choice head office?
fx choice has its head office in Australia
Does fx choice offer negative balance protection?
Yes, fx choice has Negative Balance Protection. It is specially offered when the industry volatility keeps customers from allowing their accounts go in the red. In such a scenario, fx choice offers the ability to reset a customers account balance to zero.
You should go through the important stipulations on fx choice's website to understand their policies.
Does fx choice offer guaranteed stop loss?
Yes, fx choice provide a guaranteed Stop Loss order.
When there's absolutely no free margin left with the customer, fx choice will stop your positions. If the losses in the ceased out position exceeds your account balance, you might experience a negative account balance.
Does fx choice allow scalping?No, the terms and conditions of fx choice do not allow scalping. It's a trading technique that isn't permitted on the broker's platform. You can refer to fx choice's terms and conditions to see more about its own policies.
Does fx choice allow hedging?
Yes, fx choice does allow hedging.
Can you trade energies with fx choice?
Yes, you can trade energy stocks with fx choice
Can you trade agricultural shares with fx choice?
No, unfortunately you cannot trade agricultural stock with fx choice
Can you trade cryptocurrency with fx choice?
Yes, you can trade cryptocurrency with fx choice
Can you trade metals with fx choice?
Yes, you can trade metals with fx choice
Can you trade UK Shares with fx choice?
No, unfortunately you cannot trade UK shares with fx choice
Can you trade US Shares with fx choice?
No, unfortunately you cannot trade US shares with fx choice
Can you trade Japanese Shares with fx choice?
No, unfortunately you cannot trade Japanese shares with fx choice
Can you trade German Shares with fx choice?
No, unfortunately you cannot trade German shares with fx choice
Does fx choice accept bank transfers?
Yes, fx choice accepts bank transfers for depositing money.
Does fx choice accept credit cards?
Yes, fx choice accepts credit cards for depositing money.
Does fx choice accept PayPal?
Yes, fx choice accepts PayPal for depositing money.
Does fx choice accept Skrill?
Yes, fx choice accepts Skrill for depositing money.
Does fx choice accept Payoneer?
Yes, fx choice accepts Payoneer for depositing money.
Does fx choice accept Neteller?
Yes, fx choice accepts Neteller for depositing money.
Does fx choice offer Live Chat customer support?
No, fx choice does not offer customer support through live chat.
Does fx choice offer phone customer support?
No, fx choice does not offer customer support over the telephone.
Does fx choice offer email customer support?
No, fx choice does not offer customer support through email.
What languages can fx choice communicate in?
fx choice has the ability to communicate and support customers who speak: English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Does fx choice have a wikipedia page?
No, fx choice does not have an official wikipedia page.
Does fx choice offer demo accounts?
Yes, fx choice offers demo accounts so you can learn their systems before risking any real money.