The Web Terminal, available for both MT4 and MT5 users, allows you to trade via a browser without the need for downloading additional software. MT5 is the bigger, younger brother of MT4, offering enhanced analytical tools.
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FXChoice has teamed up with social & copytrading service, ZuluTrade. The broker offers a wide range of trading tools, including MQL5 Signals, Myfxbook Autotrade Services, VPS, Live Economic Calendar, Pips+ Programme, and many more. FXChoice sticks to the essential trading platforms MetaTrader 4 and MetaTrader 5. I gave them management of the account through their money manager. Account went up to $8,000 within a couple of months Then all the sudden down to $85 “eighty five dollars “ only.
According to experts, this does not necessarily reduce the level of security of the funds. The commissions are applied only to those who own a Pro account and on specific assets. The commission fee varies based on the specific instrument and the type of asset. In general, the commissions can be calculated as $3.5 per side or per notional amount of $100,000. Commission fees are charged only precious metals and forex.
There is a 7$ fx choice review for 1 standard lot for MT5 users, changing the actual average spread from 0.5pips to 1.2 pips. Next is the ability to set Auto Trades, enabling traders to mimic the trading models of more advanced users. And then there’s the VPS, allowing for uninterrupted auto trading when away from your device, and even in case of power/ internet failures. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. So when you say ‘I gave them management of the account through their money manager’, you are putting the blame squarely on us, but we had nothing to do with it. You need to speak to your Money Manager – who we again reiterate is not an employee of our company.
- Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
- The supported currencies on the platform are USD, EUR, AUD, CAD, GBP, Bitcoin, Bitcoin Cash , Ethereum , Litecoin, and XRP.
- The platform is backed by NDD or non-dealing desk technology, and hence, there are no major concerns about the security of the customer’s funds; thus, traders can trade safely.
- Traders who have traded on the MT4 trading platform can still enjoy the same features on MT5 with a slightly enhanced overall trading experience.
- Another unique type of account is the Islamic account and both the classic and pro accounts can be converted to Islamic accounts that are swap-free at FXChoice.
Holding the title for the most popular trading platform in the industry does not come easily. MT4 incorporates all features that both new and professional clients alike need to have in their trade game. Clients can set auto trading bots and they come loaded with lots of customizable options for optimal trading. The superior charting package, and drag and drop features allow users to take faster and more practical trading routes. Chart analysis tools, customizable trading indicators, the inclusion of VPS, and much more make MT4 the best option out there. The FXCHOICE platform is good and i didnt experience any issues with trades as there was no manipulation.
We are so pleased to read your positive review and wish you all the best. We wish you all the very best for the future, and if you need any trading assistance, feel free to contact us via Live Chat. Our records show that we tried to contact you several times regarding your withdrawal and to suggest a possible solution. If you like losing your money deposit your money on FXchoice and then try to get it back. MyFxChoice processes nearly all withdrawal requests within 24 hours Monday through Friday.
FXChoice has included a set of tools and services that engage users even further into the trade. The first is MetaQuote’s very own MQL5 Signals which send helpful information to traders based on previous, current and probable future market trends. I have been using this forex broker for the last 4 years and my experience has been positive.
Trading Services Offered by FXChoice
Thanks for taking the time to write a review and your positive assessment of our ‘client area’ and ‘options’. I have been using FXChoice as my trading platform for over a year and everything’s been excellent. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. FxChoice acts as a market maker for Classic Accounts, and also offers ECN accounts called Pro Accounts.
MetaTrader 4 was created by a Russian company known as MetaQuotes and it has won several awards. The MT4 FXChoice version combines the standard features with real-time price feeds gathered from the global markets, competitive conditions, interbank liquidity, and fast execution speeds. Blew a few accounts but also made profit in others. Making withdrawals is not the best as the options are limited. Take full advantage of Non-Dealing-Desk technology, spreads from 0 pips and direct market liquidity provided by the largest banking institutions in the world. The withdrawal requests that are made during business hours are usually processed on that same business day.
It has been successfully functioning in this industry for the past 13 years and is regulated by the International Finances Services Commission Belize. Moreover, the deposit and withdrawal processes are simple and usually take about 2 to 3 days to process. Mobile trading at FXChoice is supported on both the MT4 and MT5 mobile trading apps, and it is compatible with all smart devices. The brokers’ apps provide almost all the functionalities provided in the desktop version but with added benefits like interactive price charts and push notifications. Traders trading from iPad can also get multiple display charts in a single window.
It also needs a customer complaints process to hold the license. So, all in all, customer’s money is kept safe with FXChoice. This platform is developed mainly for seasoned investors as it provides advanced trading features. FXChoice has MetaTrader 5 Pro or MetaTrader 5 Pro Hedged accounts coupled with MetaTrader 5. The only difference between these two account types is that the latter allows traders to open hedged positions similar to MT4. FXChoice offers a multi-account management account or MAM for experienced and advanced traders who already have their client-based and want to carry out trading on their behalf.
You need to contact your https://forex-reviews.org/ 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. Your review concerns an outage on one of our servers which temporarily left clients unable to open or close trades. We are very happy that we were able to find a mutually agreeable solution with you, and we look forward to our future cooperation.
Also explained that the Platform is is regulated in Belize and as such, does not have to respond to U.S. regulators. In my opinion this is great news as the U.S. tends to over regulate what can be done in accounts. Especially when it comes to leverage amounts types of products offered.
FXChoice MT4 Mobile App
While many traders may think these are limited offerings compared to other forex brokers, this FXChoice review will focus on various other opportunities that can diversify a trader’s portfolio. FXChoice is an award-winning broker that has won several awards for its multi-lingual and friendly customer support. This FXChoice review dives deeper into the Pros and Cons of the platform, trading platforms, account types, copy trade features, and many more. FXChoice forex broker offers both MetaTrader 4 and 5 mobile trading platforms for traders who wish to trade on the go. Traders can access the FXChoice platform on their iOS and Android devices to trade, manage their positions, and follow the market even while they are away from their computer system. The MT 4/5 mobile apps can be downloaded for free from any relevant apps store like PlayStore or AppStore.
The CFDs offer access to fractional shares, short selling, and international markets. It is important to keep in mind that CFDs are complicated instruments and hence, they come with high risks and uncertainties of losing funds rapidly because of leverage. Traders who have traded on the MT4 trading platform can still enjoy the same features on MT5 with a slightly enhanced overall trading experience. MetaTrader 4 offers 30 technical indicators, nine timeframes, 31 graphical objects, and a single-thread strategy tester. As per the FXChoice review, Islamic accounts charge a commission fee as it lacks swap charges. In case of a positive swap, the commission fee is zero.
The withdrawal was processed very quickly, and we have confirmation from AstroPay that the transaction was completed successfully. So since I was able to get a better understanding of the withdrawals, I felt it was appropriate to update my review rating. I’m not saying its perfect but no platforms really are.
Coming to FXChoice’s security and regulation, the platform is regulated by the Financial Services Commission of Belize . Although FSC is not a reputed or prestigious regulator, experts think that the platform could gain other licenses by being regulated by FSC. FXChoice incorporates a very unusual site design that feels out-of-date at times.
This allows clients to take full advantage of the emerging markets. The platform also offers commodity CFDs, including crude oil, silver, and gold. This offers traders the ability to place their trades in the largest energy markets in the world and get the protection of precious metals in their portfolios.