Your capital is at risk. Trade only with funds you can afford to lose.
FXChoice
FXChoice has closed.
FOREX.com
#37 in our CFD broker rankings
Accepts traders from Mexico
Rating breakdown
- Regulation & trust4.5
- Assets & markets4.0
- Fees & costs4.2
- Platforms & tools4.6
- Accounts & banking4.0
- Education3.9
- Research4.8
- Customer support3.9
| FXChoice | FOREX.com | |
|---|---|---|
| Overview | FXChoice was a Belize-based broker established in 2010 and registered with the Financial Services Commission (FSC). The brand offered a selection of markets including crypto, plus the familiar MT4 and MT5 platforms. FXChoice stood out for its extra tools and perks, from LearnFx EAs to a VPS and Myfxbook's AutoTrade. | Founded in 2001, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms. |
| Customer Reviews | – | Based on 5 customer reviews |
| Trustpilot Score | – | |
| Bonus Offer | 50% or 65% Welcome Deposit Bonus | 20% Welcome Bonus Up To $5,000 |
| Comment by Reviewer | “FXChoice was suited to active traders seeking raw spreads from 0.0 pips and a five-tier loyalty program with fee rebates that rewards those who trade frequently. But regulatory issues led to safety concerns and the broker ultimately stopped taking on new clients.” | “FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools.” |
| Pros |
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| Cons |
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| Instruments | CFDs, Forex, Indices, Commodities, Cryptocurrencies, Shares | Forex, CFDs, Stock CFDs, Indices, Commodities, Futures, Options, Crypto |
| Demo Account | Yes | Yes |
| Minimum Deposit | $100 | $100 |
| Trading Platforms |
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| Payment Methods | Debit Card, Credit Card, Visa, Mastercard, Wire Transfer, Local Bank Transfer, Skrill, Neteller, PayPal, PayNow | |
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | FSC | NFA, CFTC, CIRO, FCA, CySEC, ASIC, FSA, MAS, CIMA, CMA-UAE |
| Margin Trading | Yes | Yes |
| STP Account | No | Yes |
| ECN Account | Yes | Yes |
| DMA Account | No | Yes |
| MAM Account | Yes | No |
| PAMM Account | No | No |
| LAMM Account | No | No |
| Demat Account | No | No |
| AI / Machine Learning | No | Yes |
| Robo Advisor | No | No |
| Negative Balance Protection | Yes | Yes |
| Market Maker | No | No |
| P2P Trading | No | No |
| Spot Trading | Yes | Yes |
| Mobile Apps | iOS & Android | iOS & Android |
| App Review | MT4 and MT5 apps are available to download form the Apple and Google Play stores. Both applications offers one-click trading, advanced charts and graphs, built-in support, plus instant and pending order types. MT4 is best suited to forex beginners while MT5 will meet the needs of experienced FX traders. | Running alongside the MT4 and Web Trader platforms, the FOREX.com app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd. Additionally, it beats out MT4 when it comes to mobile charting tools, with over 80 indicators and 11 chart types, not to mention a slicker design that we love. |
| Android App Rating | – | |
| iOS App Rating | – | |
| Auto Trading | Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | Yes | No |
| Copy Trading Platform | FXChoice has partnered with Myfxbook AutoTrade to offer copy trading to all account holders. You can find and follow the strategies of multiple traders with straightforward account management. MQL5 signals can also be used to inform buy or sell decisions. | – |
| Social Trading | Yes | No |
| Trade Signals | Yes - MQL5 | – |
| VPS Hosting | Yes | Yes |
| Tournaments | No | No |
| Demo Competitions | No | No |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | – | $15 |
| Islamic Account | Yes | Yes |
| Account Currencies |
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| Stock Exchanges | ||
| Commodities | ||
| CFD Trading | ||
| Overview | FXChoice offers highly leveraged CFD products on a breadth of financial markets, including shares, indices, commodities and crypto. FXChoice provides more supporting tools than many alternatives, including signals, auto trading, a VPS, and a research center. | With the ability to take both long and short positions on 5,500+ CFDs across forex, stocks, indices, commodities, and cryptocurrencies, FOREX.com excels. Its exclusive Web Trader platform offers an excellent trading experience, equipped with over 80 technical indicators and average execution speeds of just 20 milliseconds, ensuring an optimal environment for serious day traders. |
| Leverage | 1:200 | 1:400 |
| FTSE Spread | From $18.53 | 1.0 |
| GBPUSD Spread | From $8 | 1.3 |
| Oil Spread | From $40 | 2.5 |
| Stocks Spread | Variable | 0.14 |
| Forex Trading | ||
| Overview | Trade 36 forex pairs, including the EUR/USD with spreads from zero pips. FXChoice offers higher leverage on forex than most competitors, alongside 24/5 support and an accessible $10 starting deposit. | FOREX.com continues to uphold its stature as a premier FX broker, offering 80 currency pairs and boasting some of the most competitive fees in the industry. With EUR/USD spreads dipping as low as 0.0 and $7 commission per $100k, it stands out. |
| GBPUSD Spread | From $8 | 1.3 |
| EURUSD Spread | From $5 | 1.2 |
| EURGBP Spread | From $6.95 | 1.4 |
| Assets | 36 | 84 |
| Cryptocurrency | ||
| Overview | FXChoice offers trading on leading crypto cross pairs with the US Dollar. The selection of digital assets is narrow but spreads are tight starting at 0.15. | You can trade a small range of 8+ cryptos against USD, EUR, GBP and AUD with tight spreads and no virtual wallet required. Algo traders can also utilize Expert Advisors (EAs) to automate their crypto trades. |
| Spread | 0.11 - 3.0 pips | BTC 1.4%, ETH 2% |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | Yes | No |
FXChoice has closed.