FXChoice Fees, Spreads and Commission

FXChoice Fees Spreads and Commission vary according to the account type that the trader is using.  FXChoice spread list starts from 0.0 pips.

FXChoice at a glance

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

Choose your quick section of our FXChoice Fees Spreads and Commission below.

FXChoice Fees Spreads and Commission Revealed – A Key 9 Point Quick Overview

1. ✅FX Choice at a glance
2. ✅FXChoice Overview
3. ✅FXChoice Fees and Spreads
4. ✅FXChoice Additional Trading Fees
5. FXChoice Broker Fees
6. FX Choice Customer Reviews
7. FXChoice Pros and Cons
8. Conclusion
9. Frequently Asked Questions

Here is our overview of the FXChoice Fees Spreads and Commission as well as the features that are offered, which could affect your trading.

FXChoice Overview

FX Choice is an ECN broker that offers Forex and CFD trading. FX Choice 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.

FX Choice 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.

FXChoice Fees and Spreads

FXChoice spreads on EUR/USD start from 0 pips on the Pro account. Traders should remember that Pro accounts are commission-based at $3.50 per side. The commission-free Classic account offers spreads at around o,5 pips for EUR/USD.

FX Choice is transparent with its contract specifications and provides a downloadable guide with cost breakdowns, including swap fees. Fees, spreads, and commissions that traders can expect on the company’s spread list when trading with FX Choice are as follows:

CFDs

Forex

Cryptocurrency

💳 Spread 01

FXChoice Additional Trading Fees

When trading financial instruments such as forex, traders can expect that overnight fees or swap fees will be applicable when positions are held for longer than one trading day. FXChoice does provide for an Islamic Account for Muslim traders who follow the Sharia Law and are prohibited from earning or paying interest where the holding of open positions is concerned.

The FX Choice support team can be contacted to find out whether spread betting is allowed and what spread betting fees would apply.

FXChoice Broker Fees

FXChoice does not charge deposit fees or inactivity fees. Traders need to verify what additional charges may be waived by their financial institution. In addition, should traders transfer fees in a currency that is different from their account base currency they may be subjected to currency conversion fees.

Some withdrawal fees may be charged when certain methods are used.

FX Choice 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

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

You might also like: FXChoice Review

You might also like: FXChoice Account Types Overview

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You might also like: FXChoice Islamic Account Overview

You might also like: FXChoice Minimum Deposit

You might also like: FXChoice Sign up Bonus

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

Which platforms are supported by FX Choice?

FX Choice provides the following popular trading platforms:

• MT4
• MT5

Does FX Choice offer leverage?

Yes, FX Choice offers maximum leverage of up to 1: 200.

What type of spreads applies to FX Choice?

FX Choice offers fixed spreads starting at around 0.5 pips for EURUSD.

Are there any additional fees charged by FXChoice that traders should be aware of?

Commission of $3.5 commission is charged on the Pro Account. More information on commissions should become available after opening an account or can be obtained from the customer support service.

Does FXChoice charge overnight fees?

FX Choice does not charge overnight fees.

Is FX Choice regulated and by whom?

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

Does FXChoice charge inactivity fees?

Yes

What is the cost of trading with FXChoice?

FX Choice has a minimum deposit of $100