FXChoice Account Types

FXChoice Overview

👉 Overall, FXChoice is considered high risk, with an overall Trust Score of 50 out of 100. FXChoice is licensed by zero Tier-1 Regulators (high trust), zero Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust). FXChoice offers two retail trading accounts: an MT4 Classic and MT4/5 Pro Account.

👉 FXChoice Limited was established in 2010. The Financial Services Commission of Belize has authorized and regulated FXChoice, a division of FX Choice Limited (FSC).

👉 With this offshore regulation, customers may not have the same level of protection in the case of disputes or bankruptcy as they would with a broker licensed by a top-tier regulator.

👉 FXChoice provides its clients with access to trading on more than 100 markets, including Forex, Commodities, Shares, Indices, and Cryptocurrencies, via the widely used MetaTrader 4 and MetaTrader 5 platforms, available for Windows, Mac, the web, and mobile devices.

👉 In addition, Botswanans could have faith in and transparency with FXChoice because of the company’s dedication to ethical business methods, secure trading environment, and top-notch customer service.

👉 This is supported by non-dealing desk (NDD) technology, which eliminates the potential for bias and provides specialized protection for client money.

👉 FXChoice’s award-winning customer support is available in a variety of languages. Thus, every query is answered, no matter how trivial, and someone is always ready to help you. In addition, Botswanans will find great feedback from reliable online sites.

👉 One of the major advantages of FX Choice is the diversity of available payment methods. Varied Forex traders have different preferences on how they want compensation, which might restrict the websites/brokers they can utilize.

👉 The minimum initial deposit required by FX Choice for both Classic and Pro accounts is $100, equal to 1,200 BWP, which is widely considered an industry standard across several brokers.

👉 Spreads for FX Choice vary depending on the account type, although the differences are insignificant. A spread is a difference between the price at which a trader may buy or sell an item.

👉 Both the Pro and Classic accounts have an excellent spread average. In addition to the two account kinds, you could register a corporate or an individual account. Individual accounts are meant to be used by a single person, while corporate accounts are built for several traders.

👉 FXChoice offers flexible leverage ranging from 1:25 to 1:200 for both account types. The margin level is 50%, while the margin call/stop-out levels are 25% and 15%, respectively. In addition to the contract specifications and product guide, margin criteria are outlined in detail.

👉 Mobile trading is further simplified by the MT4 and MT5 mobile applications, which are compatible with iPhone (iOS) and Android smart devices.

👉 The applications provide the same capabilities as desktop platforms, including interactive price charts and push alerts. Additionally, Botswanan iPad users can easily view numerous charts in a single window.

👉 Suppose you are seeking for flexibility and support with your trading activity. In that case, FXChoice has a vast selection of third-party tools.

👉 The MT4/MT5 platforms should contain sufficient tools for most traders, and you can get thousands of free and paid add-ons. In addition, some of the extra tools offered by the broker are automatic. Therefore, they will duplicate the indications of other traders.

👉 This could be handy if you lack the expertise or time to trade on your own. But, first, you must comprehend the inherent dangers of trading and refrain from using past success as a predictor of future outcomes.

👉 FXChoice has clients from around the world, and these areas have the largest distributions:

➡️ United Kingdom – 11.3%

➡️ Canada – 7.8%

➡️ Ecuador – 7.5%

➡️ Colombia – 5.5%

➡️ Venezuela – 5.2%