FXChoice is considered as a reputable broker that has been successfully serving its customers all around the world since 2010. The broker provides a comfortable environment to the traders where they can trade according to their ease and convenience. The headquarters of FXChoice are located in Belize. The broker makes sure that a transparent and safe environment is provided to its clients.
Here is an elaborate FXChoice review that will help the readers to analyze the services provided by the broker and its dominant features that make it trustworthy among the traders.
Regulation and Security
Being regulated and looked upon by a regulatory body adds to the transparency and safety of a broker. The watchdog that is given the responsibility to look after any firm marks the benchmark of its authenticity. The brokers that are regulated are usually not allowed to manipulate the prices in the market.
FXChoice is also a regulated broker that is working under the supervision of the International Financial Services Commission (IFSC). It follows the guidelines and rules that are set by the IFSC. In addition to that, it provides negative balance protection to its customers and makes sure that their assets and funds are kept in separate accounts.
According to their need and trading profile, the traders are given the option to choose between the two account types offered by the FXChoice including Classic account and Pro account.
The commission is integrated with the spread in case one goes for Classic account. On the other hand, if one opts for a Pro account, they are offered tight and competitive spreads. However, there are certain parts of the world where the broker does not provide its services such as in Sudan, Spain, Iraq, Afghanistan, North Korea and a few others.
Methods of Deposit and Withdrawal
To facilitate its customers, FXChoice provides a number of transaction methods to its customers. This helps in making the transactions easier and more feasible. The methods for depositing funds include E-payment methods such as Skrill, Neteller, EPay, wire transfer, debit and credit cards etc.
All these methods can also be used to withdraw money from the account. The minimum deposit limit that is set by the bank is 100 dollars. Some of the providers, however, are likely to charge fees depending on the payment method and country where the customer resides.
Every type of account offered by FXChoice has its own demands and conditions. Therefore, it may result in difference in pricing of the accounts. The commission is included in the spread if the Classic account is chosen. However, the spreads may be different if the customer goes for the Pro account.
An effective customer support service is very important part of choosing a broker for trading. The customers should be provided help at any time they ask for. This marks the efficiency level of the broker.
FXChoice is commonly known for its remarkable customer support service for its clients. In order to reach out to the customer service representatives of the firm, you can use various sources such as email, live chat or the phone number provided on their website. The customer service is provided in multiple languages so that the customers in all major parts of the world can access the broker.
You can trade commodities and other assets using the platform of FXChoice in the specific trading hours. Precious metals such as Gold and Silver, cryptocurrencies and forex can be traded from Monday to Friday at the time specified on the website. However, the trading time of Indices and oil may vary and can be known through the website.
FXChoice is a reliable broker that is striving to provide efficient services to the traders in all parts of the world. Using a number of advanced tools, the broker is striving continuously to provide convenient and feasible trading facilities to its customers.