FX Choice Review 2022 (Expert Review)

FX Choice Review Summary

FXChoice offers flexible low-cost trading in the financial markets. The platform is designed for newcomers and offers education and support from around the world. Users can also deposit using cryptocurrencies like Bitcoin. Besides, the company offers a range of educational tools and services, including a blog, educational videos, and articles. Another important aspect to consider when choosing a broker is whether the platform offers 24/7 customer support. While some brokers offer live chat and callback services, FXChoice's customer support team will contact you within the day. The website also uses SSL technology and password encoding to keep your information safe.

FX Choice review
FX Choice Platform Features

FX Choice main features and highlights
🗺️ Country of regulation International Financial Services Commission (IFSC) 
💰 Trading fees No
💰 Inactivity fee No
💰 Withdrawal fee No
💰 Minimum deposit 100
🕖 Time to open a FX Choice account 1-3 Days. *A FX Choice demo account can be opened in a few minutes, but live FX Choice trading account creation times will vary depending on how long it takes to process your FX Choice KYC documents.
💳 Wire Transfer No
👛 Depositing with electronic wallet No
💱 Number of base currencies supported 5
🎮 Demo account provided Yes
🛍️ Financial Instruments offered Forex, Commodities, Indices, Stocks, Crypto, Futures

FX Choice review
FX Choice Financial Regulation

FX Choice is regulated by International Financial Services Commission (IFSC) .

FX Choice review
FX Choice Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using FX Choice include a large choice of assets that are available to be traded 24/7; and easy-to-use website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using FX Choice can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.

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FX Choice Advantages

One of the main advantages of using FX Choice is around the clock service and support as well as research offerings. Not only this, but FX Choice has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of FX Choice with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with FX Choice makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. FX Choice offers stock quotes and trade information, making it easy for users to view how their investments are doing.

  • FX Choice has been in business over 10 years.
  • FX Choice offers Cryptocurrency Trading (Availability subject to regulation)
  • FX Choice offers Neteller as a payment method
  • FX Choice offers Skrill as a payment method
  • FX Choiceoffers Islamic Accounts
  • FX Choice offers Bitcoin Trading
  • FX Choice offers Spread Betting
  • FX Choice offers Scalping

FX Choice review
FX Choice Disadvantages

Although FX Choice has a lot of good points FX Choice does not offer the below.

FX Choice Review Risk Warning: Your capital is at risk.

FX Choice Review

FX Choice review
Things to understand when trading with FX Choice

Online trading on trading platforms like FX Choice have seen huge growth in the last 3 years. Trading with FX Choice requires that you take the time to learn how financial markets work and are able to trade with FX Choice using in depth technical analysis and FX Choice risk management trading tools. Trading with FX Choice involves risk. You should only risk capital with FX Choice that you can afford to lose. Understand your risk tolerance with FX Choice, and have a trading strategy that FX Choice is able to help you execute. FX Choice is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments FX Choice give you access too.

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FX Choice Trading Fees

Trading fees on FX Choice are taken in the form of the spreads FX Choice offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on FX Choice. FX Choice fees vary depending on the financial instruments traded and can include, FX Choice overnight funding fees, spreads, margins and FX Choice inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your FX Choice account charged by your 3rd party payment provider if your FX Choice base currency is different from your FX Choice withdrawal method.

NameFX ChoiceIC MarketsRoboforex
Account FeesNoNo
Withdrawal FeesvariesNoYes
Deposit FeesNo
Inactivity FeeNoNo
riskwarningTry Now

Your capital is at risk
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Losses can exceed deposits
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Losses can exceed deposits

FX Choice review
FX Choice Financial Instrument Fees

FX Choice fees for Forex, Commodities, Indices, Stocks, Crypto, Futures are listed below.

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FX Choice Stock Trading Fees

The majority of FX Choice trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A FX Choice stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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FX Choice Forex Fees

Commission on FX Choice Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for FX Choice Forex fees is based on their trade size. To calculate FX Choice Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

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FX Choice Cryptocurrency Fees

Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. FX Choice cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. FX Choice cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).

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FX Choice Non Trading Fees

FX Choice non-trading fees include a variety of FX Choice brokerage fees and charges that a trader will pay which are not related to buying and selling assets using the FX Choice trading platform. The most common non-trading fees include FX Choice withdrawal fees, FX Choice deposit fees and FX Choice inactivity fees.

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FX Choice Deposit Fees

FX Choice does charge deposit fees in some cases. When funding your FX Choice account there may be some FX Choice deposit fees which will vary depending on the payment method you use to deposit to your live FX Choice trading account.

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FX Choice Inactivity Fees

FX Choice does charge clients an inactivity fees for dormant FX Choice trading accounts. A FX Choice inactivity fee is a sum charged on FX Choice brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

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FX Choice Withdrawal Fees

FX Choice does charge FX Choice clients small withdrawal fees. Withdrawals fees vary between FX Choice and FX Choice alternatives depending on where you are located and how much money you are withdrawing.

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FX Choice Account Fees

FX Choice does not charge account fees. Account fees charged differ between FX Choice and other brokers. An account is a fee that FX Choice and other brokers assesses on all accounts for the ability to keep an account on their platform.

FX Choice review
FX Choice Account Opening

The FX Choice account registration process is simple, user-friendly, and quick. Within 1-3 Days most FX Choice trading accounts are ready for live trades. Our FX Choice account was validated in 1 day, but live FX Choice trading account verification times will vary depending on the time it takes to process your KYC documents and FX Choice trading account application. A FX Choice demo account can be opened in a few minutes.

FX Choice trading accounts are available in over 192 countries. FX Choice is restricted in the following countries.

Apart from the restricted countries a FX Choice trading account can be opened globally.

The FX Choice trading platform is available for residents in US. Some financial instruments FX Choice offer may be restricted in your country.

  • Fast FX Choice account opening.
  • FX Choice accounts can be opened and KYC can be verified digitally.
  • FX Choice minimum deposit is 100 USD / GBP / EURO.
  • FX Choice trading account verification may be held up for longer than a day if there is an issue with verifying your account.

FX Choice review
FX Choice Deposit And Withdrawal

FX Choice Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

GBP, USD, EURO are supported by FX Choice as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

FX Choice offers the following account GBP, USD, EURO.

When trading make sure your FX Choice trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. FX Choice has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

NameFX ChoiceIC MarketsRoboforex
Number Of Currencies5104
Base CurrenciesUSD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZDUSD, EUR, CNY, XAU
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Losses can exceed deposits
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Losses can exceed deposits

FX Choice review
FX Choice Deposit Fees and Deposit Methods

Investors can log in to their FX Choice trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their FX Choice trading accounts from an existing bank account or send the funds through a wire transfer or online check.

FX Choice Deposit Fees

Making a deposit on your FX Choice account is free.

FX Choice Deposit Methods

There are several methods through which you can deposit money into your FX Choice account. One can use a credit or debit card and FX Choice accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your FX Choice account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your FX Choice account.

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FX Choice Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your FX Choice brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open FX Choice positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your FX Choice account.

FX Choice Fees When Withdrawing Your Account Balance

FX Choice do not charge withdrawal fees. Some withdrawal fees are out of the control of FX Choice and may be due to 3rd party payment providers and your account base currency.

FX Choice Withdrawal Methods

Log into your FX Choice trading account, which is connected to your bank account. Go to the section that says “funds” or “accounts” and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your FX Choice account to your bank account. To withdraw money from your FX Choice account you can use credit or debit cards. FX Choice processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as FX Choice processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

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FX Choice Trading Platforms

As there are a number of tradable financial instruments available on the FX Choice trading platform. Before investing in the FX Choice platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The FX Choice platform has a demo account and educational tool, but it may not be designed for new traders so focuses less on those educational features. FX Choice offer livechat, phone, and email support.

If you struggle with technology, you need to consider the level of support on FX Choice is available. Another thing to consider is your financial goals. Make sure that a FX Choice account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a FX Choice account. Ensure that FX Choice allows you to focus on the type of trading that you want to focus on.

Make sure FX Choice is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using FX Choice, think about how easy it is to use for your personal needs. Does the FX Choice platform offer real-time updates or delayed updates that are more informed? Remember to check if FX Choice is well regulated, and what tradeable financial instruments FX Choice has. Security is very important when it comes to trading with FX Choice.

FX Choice Web Trading Platform

A FX Choice web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through FX Choice which acts as a financial intermediary. FX Choice is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the FX Choice mobile trading platform.

FX Choice Apple IOS Trading Platform

A FX Choice iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

FX Choice Google Play Android Trading Platform

A FX Choice Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

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FX Choice Mobile Trading User Experience

FX Choice mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. FX Choice mobile trading refers to trading using a mobile phone.

Leading brokerages like FX Choice offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire FX Choice portfolio. All an investor needs is a Web-enabled smartphone and a trading account with FX Choice. Once you have download the FX Choice trading app, you are ready to begin.

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FX Choice Desktop Computer Trading Platform

A FX Choice computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The FX Choice desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The FX Choice desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

FX Choice MetaTrader 4

MetaTrader 4, known as MT4, is a trading platform used by online retail foreign exchange traders. MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. It is a free-of-charge Forex trading platform, offering wide technical analysis options, flexible trading system, and algorithmic and mobile trading. MT4 is a popular online trading platform that can be used to automate one's trading. Its simple user interface provides users with access to advanced technical analysis and flexible trading systems.

FX Choice MetaTrader 5

MetaTrader 5 is a free application for traders allowing to perform technical analysis and trading operations in the Forex and exchange markets. MetaTrader 5 is a multi-asset platform suitable for trading in the Stocks and Futures markets too. It is a multi-asset platform that allows trading Forex, stocks and futures, and it also offers superior tools for comprehensive price analysis. There are many benefits at MT5, as the platform represents an all-in-one concept, offers impressive analytical tools and a modern look with the allowance to open hundreds of charts and perform analysis through truly advanced institutional grade features.

FX Choice PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using FX Choice. A trading computer with access to a FX Choice PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

FX Choice Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the FX Choice trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the FX Choice trading platform is very user friendly and easy to use on a Mac device.

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FX Choice Trading Look And Feel

The FX Choice user interface (UI) is what FX Choice traders will see and interact with first when trading with the FX Choice trading platform. The FX Choice is well designed. The goal of the FX Choice trading UI is to make the FX Choice user's experience easy and intuitive. The FX Choice application has good user experience and a good level of customer satisfaction.

FX Choice Security

FX Choice is a secure trading platform. FX Choice offers traders security via 2 factor authentication, SSL encription when trading with FX Choice. FX Choice trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with FX Choice. Rate limitation on FX Choice suspicious account activities is another layer of protection that is provided for FX Choice trading accounts, for example multiple failed login attempts with FX Choice. You have the option to further safeguard your account by using FX Choice Two-Factor Authentication (2FA), which provides an extra layer of security.

The FX Choice trading infrastructure is constantly watched and guarded by a trained team at FX Choice In addition, FX Choice never send sensitive information without first encrypting on the FX Choice trading platform using transport layer security (TLS) and SSL.

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Placing A Buy Or Sell Order On FX Choice

Available FX Choice order types. # market, limit, stop, stop limit, Good until end of day / canceled.

FX Choice Market Order

A FX Choice market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. FX Choice market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. FX Choice market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

FX Choice Limit Order

A FX Choice limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

FX Choice Stop Order

A FX Choice stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

FX Choice Stop Limit Order

A FX Choice stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The FX Choice stop-limit order triggers a limit order when a stock price hits the stop level. A FX Choice stop-limit order can be helpful when trading if you are unable to watch your trades all day.

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FX Choice Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

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FX Choice Trading Platform Features

Online trading platforms like FX Choice are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with FX Choice. The FX Choice trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using FX Choice.

FX Choice Margin Trading

FX Choice margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, FX Choice margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

FX Choice Social Trading

FX Choice social trading is a form of social trading that enables FX Choice traders or investors to copy and execute the strategies of their peers or more experienced traders on the FX Choice platform. Social trading on FX Choice allows you to communicate with other FX Choice investors in a Facebook-style social network manner. The main premise is that you are able to share and discuss potential FX Choice investment opportunities with traders on the FX Choice platform.

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FX Choice Account Types

FX Choice Demo Account

FX Choice offers demo accounts that gives traders the ability to purchase and sell FX Choice financial instruments in a practice environment, using fake FX Choice digital money and live market conditions and data. When you practise on a FX Choice demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the FX Choice platform. FX Choice demo accounts allow you to experience and practice a variety of market charts, FX Choice trading indicators, and trading strategies using FX Choice.

FX Choice Standard Account

FX Choice offers a standard trading account, allowing FX Choice traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich FX Choice trading platform.

FX Choice STP Account

FX Choice STP (Straight Through Processing) account is a FX Choice trading feature that involves sending FX Choice client orders directly to the market without passing them through a dealing desk. A FX Choice STP account is considered to be more of a hybrid of the ECN and market maker (dealing desk) models.

FX Choice Islamic Accounts

FX Choice islamic accounts respect Islamic finance law. FX Choice swap free accounts do not accumilate interest and FX Choice transactions are actioned immediately. A FX Choice Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in Islamic compliant financial instruments, using FX Choice following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with FX Choice Islamic accounts do not pay or receive interest rates.

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FX Choice Tradable Financial Instruments

FX Choice tradable financial instruments are the financial instruments that are specifically available to trade on the FX Choice trading platform. This refers to the different types of financial markets you can trade with through FX Choice. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on FX Choice.

NameFX ChoiceIC MarketsRoboforex
CFD TradingYesYesYes
Stock MarketsNo210053
ETFsNo
Fractional SharesNoYes
CryptocurrenciesYesYesNo
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FX Choice review
FX Choice Trading Stocks

Stock trading with FX Choice is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with FX Choice; if you possess the stock on FX Choice, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on FX Choice involves purchasing and selling stocks and share using FX Choice periodically in order to time trades against the stock markets, with the aim of using FX Choice to profit from your stock trading. FX Choice stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on FX Choice. Stock traders on FX Choice conduct significant study, frequently dedicating several hours every day to market monitoring using FX Choice trading tools.

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FX Choice Trading ETFs

What Are ETFs

FX Choice does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

FX Choice does not offer fractional share trading.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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FX Choice Trading Cryptocurrencies

FX Choice offers cryptocurrency trading.

Cryptocurrency trading can be conducted using FX Choice to buy and sell the cryptocurrency financial instruments on FX Choice. Cryptocurrency trading can also be done using a cryptocurency CFD FX Choice trading account where allowed by financial regulators, to speculate on up or down price movements of a specific crypto asset using FX Choice. A CFD is a high risk leveraged trade between the trader and the FX Choice brokerage. No underlying assets are exchanged with a FX Choice CFD contract, it is purely speculation on the crypto financial instruments price movements with FX Choice. FX Choice CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if FX Choice CFD cryptocurrency trading is allowed in your region and make sure you undertand the risks fully before trading.

The volatility of cryptocurrencies is the biggest source of risk when trading them with FX Choice. They are high-risk and speculative, and you should be aware of the hazards before you begin trading high risk financial instruments with FX Choice.

Cryptocurrency trading is not offered by FX Choice, so you will need to find a FX Choice alternative that allows you to buy and sell the underlying cryptocurrency assets. FX Choice CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a FX Choice alternative and make sure you undertand the risks fully before trading.

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FX Choice Forex Trading

Forex trading with FX Choice is a method through which to invest money which involves trading one currency for another in a Forex currency pair with FX Choice. The main aim of FX Choice Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with FX Choice. As a FX Choice Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like FX Choice. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like FX Choice. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on FX Choice.

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FX Choice Commodities Trading

Commodity trading is a type of trading available on FX Choice where individuals or businesses buy and sell financial instruments using FX Choice related to commodities, such as metals or oil.

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FX Choice Options Trading

FX Choice options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. FX Choice option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

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FX Choice Futures Trading

Futures trading with FX Choice is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using FX Choice to facilitate the trade. A FX Choice futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on FX Choice. Typically, futures contracts are traded on an exchange such as FX Choice; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling FX Choice trader to the contract agrees to provide it.

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FX Choice Bonds Trading

Bonds trading on FX Choice is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the FX Choice trader. Bonds can be bought and sold on FX Choice after they are issued. While some bonds are traded publicly through FX Choice, most trade over-the-counter between large broker-dealers like FX Choice acting on their clients' or their own behalf. Yield is therefore based on the FX Choice purchase price of the bond as well as the coupon.

FX Choice CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

NameFX ChoiceIC MarketsRoboforex
Forex CFDYesYesYes
Index CFD2530
Stock CFD1108400
ETF CFD3050
Commodity CFD2020
Crypto CFDYesYesNo
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Losses can exceed deposits

FX Choice review
FX Choice Trading Research Tools

Taking advantage of FX Choice trading research tools which are designed to help traders analyse potential investments using the FX Choice trading platform. Some FX Choice research tools include charts, technical analysis, and FX Choice trading indicators.

FX Choice Trading News

Traders can follow the markets and make wise investment decisions on FX Choice by using the news to help form a strategy when it comes to choosing investments. A FX Choice news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

FX Choice Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A FX Choice economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

FX Choice Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. FX Choice fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

FX Choice Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on FX Choice are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

FX Choice portfolios

Trading portfolios are useful when trading with FX Choice.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A FX Choice trading portfolio is a traders collection of investments, which may include a variety of FX Choice financial instruments.

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FX Choice Payment Methods

A FX Choice payment method is required to fund your FX Choice trading account before placing a buy or sell order on a financial instrument.

When trading with FX Choice, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that FX Choice do not have any control over.

NameFX ChoiceIC MarketsRoboforex
Payment MethodsADVcash, Bitcoin Payments, FasaPay, Neteller, Paysafecard, Perfect Money, POLi, Skrill, Sticpay, Visa, Wire TransferBPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex MoneyADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money
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Losses can exceed deposits
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Losses can exceed deposits

FX Choice review
FX Choice Withdrawl Methods

When trading with FX Choice at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your FX Choice account balance. FX Choice may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your FX Choice account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

FX Choice Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your FX Choice account.

Withdrawal requests can take up to three business days to be processed by FX Choice.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your FX Choice should arrive in less than 24 hours.

FX Choice review
FX Choice Customer Support

Customer support represents the resources within the FX Choice company that provides technical assistance to its customers after they use the FX Choice service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

FX Choice offer email, livechat, phone, customer support.

FX Choice Email Support

FX Choice offers email support.

Email support is a a convenient method of FX Choice customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from FX Choice regarding your support request.

FX Choice Livechat Support

FX Choice offers livechat support.

FX Choice live chat support is a way for customers to obtain help from FX Choice through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

FX Choice Telephone Support

FX Choice offers telephone support.

FX Choice telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the FX Choice call centre to give or take information.

FX Choice review
FX Choice Educational Resources

FX Choice educational resources are used throughout the FX Choice learning environment to help and assist with customer's development and learning of trading on FX Choice. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using FX Choice trading tools. Educational resources are brilliant for educators to help deliver the best quality lessons.

FX Choice Trading Platform Tutorials

FX Choice offer a range of learning resources and tutorials and guides made available to registered FX Choice users. The FX Choice guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate FX Choice users on basic trading principles.

FX Choice Trading Videos

FX Choice offer a selection of online trading videos.

Trading videos on FX Choice help new and even more experienced investors gain insights into FX Choice technical analysis tools and how the different financial markets work when trading on FX Choice.

FX Choice trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some FX Choice training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using FX Choice to trade live financial markets.

FX Choice Webinars

FX Choice offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of FX Choice clients who participate by asking questions, replying to polls, and using other interactive technologies available on the FX Choice trading platform.

FX Choice review
FX Choice Financial Regulation When Trading

Financial regulations on FX Choice protect consumers' investments. Regulations prevent financial fraud and limit the risks that FX Choice as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. FX Choice financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is FX Choice Regulated?

FX Choice is regulated by International Financial Services Commission (IFSC) .

FX Choice is licensed by financial regulators in certain jurisdictions. You can find out if brokers like FX Choice are licensed in your country, if they have had run-ins with regulators, or received serious complaints from FX Choice investors, directly with financial regulators in your country.

FX Choice Regulatory Protection Limits

When registering with FX Choice you must check with regulatory body your FX Choice trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your FX Choice account is over seen by. FX Choice client funds are stored in segregated 3rd party bank account in accordance with FX Choice financial regulators.

Client country Investor protection amount Regulator
United Kingdom £85,000 Financial Conduct Authority (FCA)
EU Investor Compensation Scheme max €50,000 Directive of The European Parliament and European Commission
Other countries 90% of your funds, max €20,000 Bulgarian Financial Supervision Commission (FSC)

FX Choice Trading Signals

FX Choice does not offer trading signals in any form.

Make sure you understand the risks of trading signals.

How does FX Choice make money?

Because FX Choice acts as an intermediary, FX Choice gets compensated on buy and sell transactions of financial instruments. As a result, FX Choice profit is determined by the volume and number of transactions. FX Choice earns revenue to fund their FX Choice platforms and wide range of trading services through market spreads.

Can you buy shares on FX Choice?

FX Choice does not provide customers with real company shares trading. FX Choice offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and FX Choice on the speculative up or down price movement on an agreed stocks price movement.

Does FX Choice offer Cryptocurrency?

FX Choice does offer cryptocurrency trading. Although the Financial Conduct Authority in the UK has banned Crypto CFD trading for UK residents. Its still perfectly legal to buy non leveraged crytocurrencies where you own the underlying crypto assets.

FX Choice Lower fees, lower costs?

FX Choice have reasonable trading fees and costs. FX Choice do not charge a deposit fee. FX Choice may charge a withdrawal fee. Some withdrawal fees are out of the control of FX Choice and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

FX Choice minimum deposit is 100 USD / GBP / EUR.

How to start your FX Choice account?

You can sign up for a live or demo FX Choice trading account by visiting FX Choice and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an FX Choice account here.

How's the FX Choice trading app?

FX Choice allow traders to trade financial markets on iOS, Android supported mobile devices.

You can tryout the FX Choice trading app here.

Is the quality of FX Choice customer service satisfactory?

FX Choice have average customer support offering support through email, livechat, phone, support options.

Is this broker good for new traders?

FX Choice is a good trading platform for new traders as FX Choice offer a good range of educational resources, good support options as well as a demo account.

How do you withdraw money from FX Choice?

FX Choice offer a good selection of withdrawal options. Once FX Choice have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

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Ashly Chole - Senior Finance & Technology Editor

FX Choice Review 2022 (Expert Review) guide updated 23/11/22