Both iOS and Android users can download their respective MT4 mobile versions here. Extra tools are always as a benefit, as they are above and beyond what is required for you to be able to trade. However, we would suggest you take a look at our Trading courses, and get more professional education which will lower the chance of losing money on the market. There are not as many restrictions and requirements as required by a tier-1 jurisdiction, but it still offers decent protection. Examples of tier-2 jurisdictions are the China Banking Regulatory Commission, the Israel Securities Authority, and the Securities and Exchange Commission.

These are both excellent platforms that give the average retail trader quick and easy access to trade the markets. I have been using MT4 for many years and it does more than enough to meet my needs. It is provided by most brokers compared to MT5 which has not quite met the same level of popularity as of yet. However, MT5 does have some additional features and functionalities whilst it is considered to be more of a stock trading platform. MT4 on the other hand should be more than sufficient if you just want to trade forex. I personally don’t think you can go wrong with either platform as they have more than enough tools to deliver an enjoyable trading experience.

Commissions when trading with the Pro Account are $35.00 per million US dollar notional value traded. The Pro Account is available on MetaTrader 4 and MetaTrader 5. This FXChoice review explores key areas that concern your decision to open an account with this forex broker.

This company is very unethical.

It does not allow users coming from Belize, Afghanistan, Italy, Iraq, Spain, North Korea, Syria, and Sudan. This is an analogue of PAMM investing, where each investor can transfer his deposit to a professional trader for management. The profit will be credited to the investor’s account with a deduction of the manager’s commission. After registering for FX Choice, a trader can choose any of such trading platforms as MetaTrader4, MetaTrader5. The web resource recommends using MT5, as it has several advantages over MT4.

As a matter of policy, the same method of funding must be used for deposits and withdrawals. MQL5 Signals is the copy trading service embedded within the MT4/MT5 trading platforms. Forex traders have 36 currency pairs from which to choose. Three cryptocurrency pairs, six commodities, six index CFDs, and 55 equity CFDs complete the list. The total asset selection of 106 is sufficient for new traders to get acquainted with trading. Their interface indeed is user friendly and very much easy to setup for every level of traders, be it beginner, intermediary, professional or expert.

The MT5 features include more order types, depth of market display, additional indicators, additional time frames and a powerful EA testing environment with real tick data. Just like MT4, it is available on desktop (Windows / Mac), fx choice review web and mobile (iPhone / iPad / Android / Tablet). The FXChoice website includes videos with useful tips on how to use the platform. It is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).

Forex Trading

Our crypto withdrawals are normally processed the same day, unless the request is made late in the evening, especially on a Friday . You need to contact your Money Manager if you are unhappy with the way he traded on your behalf. We do not recommend any particular Money Manager; we simply provide an environment for Money Managers to trade on their clients’ behalf.

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. FXChoice offers ultra-tight spreads starting from 0.0 Pips .

According to experts, this does not necessarily reduce the level of security of the funds. FXChoice is fully regulated by FSC, Finances Services Commission Belize and this itself is a potential security measure. The platform also makes in the list of brokers of the worlds’ top forex.

• Uses reliable MetaTrader 4 and 5, the most updated trading platforms.
• One of the main advantages of EA’s are that they can analyse the markets and manage trades for you whilst you go about your day.
• The platform is fairly basic, so you are limited in how much you can do from your phone.
• Spreads for the FXChoice Classic Account start at 0.5 pips but vary depending on market conditions and trading instrument.
• Before opening an account you might want to compare FX Choice broker with another recommended broker such as HotForex Broker.

It also keeps its client’s money separated in institutions and away from the company’s funds. The brokers’ platform also has a reliable risk management department that regularly monitors management operations to ensure that the platform complies with the regulatory obligations. MetaTrader 4 was created by a Russian company known as MetaQuotes and it has won several awards. As per the FXChoice review, Islamic accounts charge a commission fee as it lacks swap charges.

What To Expect With FXChoice?

Anthony Gallagher is a financial journalist and forex expert with years of experience in the industry. Anthony’s writing is informed by personal trading experience, which he uses to help other forex traders improve their results. Anthony has tested dozens of forex trading tools and written hundreds of articles for many well-known sites in the industry. He is recognized for his insightful analyses of global markets and data-driven trade ideas.

Myfxbook AutoTrade is available for traders who wish to connect to a social trading network and use copy-trading strategies directly with their FXChoice account. FXChoice offers award-winning 24/5 customer service with a team of customer success managers that can be contacted via Live Chat and telephone. FXChoice supports its beginner traders through great education, which includes a course on how to navigate in the market, focusing mainly on the practical part. The section also includes the Forex glossary, advanced analyses, and other valuable materials. Customer support is an essential part of the broker’s offerings. It is not only the logical successor to the world-famous MT4 but a whole new platform offering enhanced trading abilities such as new order types and market depth displays.

In the “Services” section you can find access to trading terminals, for example, to the Myfxbook Autotrade automated trading service. There is also a unique economic calendar, which is available in a separate block. The two desktop platforms provided by FX Choice are the well-known Metatrader 4 and Metatrader 5.

They also have extremely competitive commission fees with a minimum deposit requirement of just $100. Demo accounts are available free of charge if you wish to practice trading online until you build enough confidence to switch over to a real live account. The minimum deposit is $100 and the processing times depend on the desired payment processor. The FAQ section notes potential internal withdrawal costs, while traders must also consider third-party charges. Credit/debit cards remain absent from withdrawal methods, but FXChoice suggests requesting withdrawals the same way traders made a deposit. Overall, FXChoice maintains an excellent choice of deposit and withdrawal methods.

The broker uses advanced encryption technology to help guarantee your privacy and security when transactions are being processed. All communication data is encrypted using SSL technology . I found there to be a wide variety of Forex and CFD instruments available to trade, catering for all different types of trader. You can choose from popular currency pairs, trending cryptos, individual stocks and major stock indices.

Trading Experience

The service is free to clients and available from within the FXChoice back office. I think the calendar is a vital trading tool and I would always check it before making a move. There is actually one implemented within the MT5 platform which is more easily accessible. FXChoice https://forexbroker-listing.com/ have a good variety of third-party tools that can be used if you are looking for flexibility and assistance with your trading activities. The MT4/MT5 platforms should have enough tools for most traders, not to mention you can get thousands of free and paid add-ons for them.

I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! MT4 is widely known for being very user-friendly with a quick learning curve that makes it a popular choice for beginners. However, MT4 is also packed with advanced trading tools, features and capabilities, which means that it can also meet the needs of the most demanding traders. Best offshore forex broker I’ve tried so far.The spread is somewhat higher but aside from that it’s quite a reliable and consistent trading experience. Due to the technical solutions and professional and popular MT4 and MT5 platforms, the trading performance is good quality.

FXChoice allows traders to practice strategies and become familiar with the platform with their demo account option. The Demo Account is provided to give traders a demonstration of the broker’s trading platform and to offer traders the opportunity to trade on simulated real trading conditions. This further allows the trader to gain more experience before trading with real funds and facing actual risk.

What Are The Advantages Of Transacting With FXChoice?

And a good side note is there are global markets available, and this includes exclusive cryptocurrency, stocks, Forex, and more. So it´s up to you to decide what do you want to accomplish with your account in the short to long-term. Pips+ loyalty program rewards active traders – If you’re an active trader, you might be interested in the FXChoice Pips+ loyalty program. The program offers either rebates or tiered commission discounts based on trading volume turnover over 30 days or account equity.