FXChoice Demo Account

Yes, FXChoice does offer a Demo Account that mimics a live trading account and offers many features for traders. Traders have access to the same functions, features, and options that they normally would on a live trading account.

FXChoice at a glance

Overall Rating

• 4.1/5

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Min Deposit

USD 100

Regulators

IFSC

Trading Platform

MT4, MT5, Web Terminal

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Choose your quick section of our FXChoice Demo Account below.

FXChoice Demo Account Types Revealed – A Key 8-Point Quick Overview

1. ✅FXChoice at a glance
2. ✅FXChoice Overview
3. ✅How to set up an FXChoice Demo Account – Step by Step
4. FXChoice Demo Account Features
5. FXChoice Customer Reviews
6. FXChoice Pros and Cons
7. Conclusion
8. Frequently Asked Questions

Here is an overview of the FXChoice Demo Account as well as the features that are offered.

FXChoice Overview

FXChoice is an ECN broker that offers Forex and CFD trading. FXChoice Limited was established in 2010 and is headquartered in Belize where it is regulated by the International Financial Services Commission (IFSC).

FXChoice ensures that all client transactions are processed safely. Communication is encrypted with SSL technology and passwords are encoded. The MetaTrader platforms are also fully encrypted and allow users to apply two layers of authentication if they wish.

FXChoice does not accept clients from the United States of America (USA) and some other areas, but apart from that, clients from almost anywhere can sign up for an account with the broker. Traders can download a selection of Expert Advisors for MT4, including the GPSForexRobot for scalping, and pip calculators.

How to set up an FXChoice Demo Account – Step by Step

To register for, and set up a demo account with FXChoice, traders must visit the website and follow the simple steps. New accounts are applied online and processed according to established industry standards.

FXChoice accounts can be opened in USD, ZAR,  EUR, AUD, CAD, Bitcoin, and other cryptos. An account verification process is usually mandatory due to regulatory requirements, so keep a copy of your ID and a proof of residency document ready for the last step.

Follow these steps to open an FXChoice demo account:

• Step 1 – Navigate to the FXChoice website

The first step in registering for an FXChoice demo account involves traders navigating to the FXChoice website, and clicking on “Accounts” and “demo account” to proceed.

• Step 2 – Select desired trading platform

The second step requires the trader to select the desired FXChoice demo account platform on which they would like to trade.

• Step 3 – Fill out the FXChoice registration

The third step in the registration process requires traders to fill in their: name, email address, and password.

Click ‘next’ to proceed.

• Step 4 –  FXChoice telephone confirmation

The fourth step in the demo account registration process requires traders to fill in their country of residence and cellphone number to obtain verification through an OTP (one-time pin).

• Step 5 –  Fill in the OTP code

Traders must fill in the OTP code received through SMS, click next to proceed.

• Step 6 –  FXChoice Demo account Registration Complete

Follow the FXChoice KYC process to obtain login demo account details.

FXChoice Demo Account Features

You can open Classic MT4, Pro MT4, and Pro MT5 demo accounts. Users can access the same trading conditions at no risk, with a customizable amount of virtual funds to practice with. Demo accounts expire after 90 days of inactivity, otherwise remain open for as long as needed.

FX Choice’s demo accounts give traders access to the same functions, features, and options they would have on a live trading account, with the exception that they cannot withdraw any profits which are made on the demo account.

Overall Rating

• 4.1/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 100

Regulators

IFSC

Trading Platform

MT4, MT5, Web Terminal

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

FXChoice Customer Reviews

I put 10k USD over a year ago with…

I put 10k USD over a year ago with these guys, I was learning how to trade, didn’t workout. I realized just holding crypto you make more money then trading forex. I had left on the account 7k for almost 2 years. I went and asked for withdrawal, they asked me to send them a picture of me holding my ID with a paper written “MyFX Choice” + the date. i sent it and within 24h my order was processed and they sent me my money. I’m usually that type of dude that always leave bad reviews, but I have to be honest and give credit to where is due especially with these scammers nowadays, but this company is legit – Kaia W

So far a great platform

So far a great platform, I had an issue with a crypto trade not being able to modify the trade due to the market closure time, but my questions were answered as well as documentation to back up their reply explaining in detail what would happen when the market reopens.
Over all great brokers – Pipcollector

Honestly it’s a great broker with…

Honestly it’s a great broker with competitive spreads also the fact that they allow you to trade most if not all the currencies, crypto, index in demo as for those in the live account. I hate the fact that when I adding more lots they move my original entry price to another price.

FXChoice Pros and Cons

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Conclusion

For traders looking for a MetaTrader-only broker that offers both MT4 and MT5, MyChoiceFX might be a good choice although it has a limited range of tradeable markets, with just 50 available instruments and few research-related tools. The broker also lacks regulatory status in a major jurisdiction, as it is regulated in Belize. Obtaining another license in a major financial hub would greatly boost the broker’s trust score.

However, the number of years for which FXChoice have engaged in the sector provides ample indication that they are a respected and quality broker. They focus on platforms in MT4 and MT5 which are well-known, and mostly used in the industry. Additional elements such as their active trader program, social trading integration, and provision of VPS to traders, serve only to strengthen their position and the fact the company knows and understands its users.

Frequently Asked Questions

Can traders from South Africa open an FX Choice demo account?

Yes, traders from South Africa have the option of opening an FXChoice demo account

Does FX Choice offer a demo account?

Yes.

How long is the FX Choice demo account valid?

The demo account expires after 90 days of inactivity, otherwise, they remain open for as long as needed.

Can you Withdraw money from the FXChoice demo account?

No, FXChoice does not allow the option of withdrawing demo account funds.

Is the FXChoice demo account the same as a real account?

Yes, the FXChoice demo account mimics the same conditions as a live account.