FXChoice Minimum Deposit

Yes, FXChoice offers a Minimum Deposit of $100. This minimum deposit amount was equivalent to ZAR 1 600 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing.

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 Minimum Deposit below.

FXChoice Minimum Deposit Revealed – A Key 10-Point Quick Overview

1. ✅FX Choice at a glance
2. ✅FXChoice Overview
3. ✅FXChoice Minimum Deposit
4. FXChoice Deposit fees and deposit methods
5. Step by step guide to depositing the FXChoice minimum amount
6. FX Choice Customer Reviews
7. FXChoice Pros and Cons
8. FXChoice Pros and Cons
9. Conclusion
10. Frequently Asked Questions

Here is our overview of the FXChoice Minimum deposit as well as the pros and cons as well as features that are offered to traders.

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.

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 Minimum Deposit

FXChoice has a minimum deposit requirement of $ 100 for both account types. This minimum deposit amount was equivalent to ZAR 1 600 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing.

FXChoice’s authorization as a broker and its regulatory authorities may require that client funds must be kept in segregated accounts, separate from the broker account, and that such funds could only be used by traders to conduct their trading activities.

FXChoice Deposit fees and deposit methods

Compared to other brokers, the minimum deposit amount that FX Choice requires when traders register a live account is fair. FX Choice offers traders various payment or deposit methods which can be used when funding accounts. Withdrawals usually must be returned by the same method used to deposit and to the same bank account.

FX Choice accepts the following deposit methods:

FX Choice does not levy additional fees, but third-party charges may be applicable. Processing times for deposits are promised to be fast – within 24 hours. USD, ZAR, EUR, AUD, CAD, Bitcoin, and other cryptos are accepted as Deposit currencies. Traders must ensure that they verify whether their financial institution charges its own fees.

Step by step guide to depositing the FXChoice minimum amount

Traders can fund their accounts by sending the funds to one of the FX Choice segregated client accounts from their own bank account or execute the option to deposit the minimum amount from their personal area after a live trading account was registered and had been approved.

• Step 1 – Log into your FXchoice account

Traders then log into their personal area, select the option for deposits, and follow the instructions to make a deposit into their trading account. Traders must make sure that they select the correct deposit currency if there is a choice available.

• Step 2 – Select the FXChoice deposit option

Traders can click on the FXChoice Deposit tab to deposit the minimum amount

• Step 3  –  Select payment method

Funds must be transferred in the same currency as the bank account to which traders are sending it, to prevent currency conversion fees from being charged.

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.

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 Pros and Cons

You might also like: FXChoice Review

You might also like: FXChoice Account Types Overview

You might also like: FXChoice Demo Account – Step by Step

You might also like: FXChoice Fees and Spreads

You might also like: FXChoice Islamic Account Overview

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

What is the minimum deposit required to open an account with FX Choice?

$ 100.

How do you make a deposit and withdraw money with FX Choice?

FX Choice offers the following deposit methods and withdrawal methods:

• Bitcoin Payments
• FasaPay
• Neteller
• Paysafecard
• Perfect Money
• POLi
• Skrill
• SticPay
• Visa
• Wire Transfer

The same method that was used to fund an account must normally be used to withdraw money. Also, monies will usually only be refunded to accounts in the same name as the trading account.

Does FX Choice charge withdrawal fees?

Some withdrawal options may involve a fee; details can be found on the website.

How long does it take to make a withdrawal with FX Choice?

Withdrawals are processed within 24 hours from Monday to Friday. After processing, all e-payment withdrawals are credited instantly whilst times for cryptocurrencies can take up to a couple of hours. Bank transfers can take up to 5 working days.