Fxchoice forex broker reviews
Trading Accounts Clients of FX Choice are provided with a choice of two account types: Classic and Pro. The main difference between the two is that the Classic one is commission-free, offering higher fxchoice forex broker reviews, while the Pro account is commission based and provides tighter spreads due to the ECN environment. What is more, traders can choose to open Corporate or Individual accounts.
FXChoice is a broker specialized in Forex and CFD trading for private clients, institutional investors and fund managers. Having around a decade of experience in the forex industry, the brokerage strives to provide excellent service and customer support. With their NDD technology FXChoice is executing around 15 000 digital transactions a day. The company behind the brand, FXChoice Ltd.
IFSC has liberal control over forex brokers. Its supervision focuses on promulgation of regulation and a mandatory code of conduct, as well as the licensing process. Compliance-checking, reporting and on-going supervision are little emphasized. Despite of the lack of strict regulatory rules, FXChoice places a special focus on security and keeps clients’ funds in segregated accounts, absolutely separate from their corporate ones. What is more, this broker practices positive price correction.
This practically means that even if traders actually slip into negative balances under extraordinary circumstances, FXChoice will simply zero out these balances. 100 from both Classic and Pro account holders. This is a comparatively low initial investment for ECN environment. This broker offers competitive variable spreads, which vary by account type. Nonetheless, trading costs on both accounts are similar, amounting to an average of 1. ECN account holders are offered spread averaged 0. The maximum leverage level offered to FXChoice’s clients is 1:200, which is average for the industry.