Trader’s Way vs FXChoice
| Trader's Way | FXChoice |
|---|---|
1.3
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FXChoice has closed.
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Trader's Way is an offshore broker offering highly leveraged trading on dozens of forex pairs as well as cryptocurrencies and commodities through the MetaTrader 4, MetaTrader 5 and cTrader platforms. The broker has a decade of experience serving retail traders and provides 24/7 customer support. |
FXChoice is a Belize-based broker established in 2010 and registered with the Financial Services Commission (FSC). The brand offers a wide selection of markets including crypto, plus the familiar MT4 and MT5 platforms. FXChoice stands out for its extra tools and perks, from LearnFx EAs to a VPS and Myfxbook's AutoTrade. New users can also claim a welcome bonus upon sign-up. |
| Bonus Offer | |
| 100% deposit bonus up to $5,000 | 50% or 65% Welcome Deposit Bonus |
| Comment by Reviewer | |
| "Trader's Way is best for traders interested in social investing with a low starting deposit and crypto funding solutions." | "We recommend FXChoice for active traders with high leverage up to 1:1000, spreads from 0.0 pips and a five-tier loyalty program with fee rebates." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Forex, cryptocurrencies, commodities | CFDs, Forex, Indices, Commodities, Cryptocurrencies, Shares |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | $100 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| FSC | |
| Margin Trading | |
| No | Yes |
| STP Account | |
| No | No |
| ECN Account | |
| No | Yes |
| DMA Account | |
| No | No |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | Yes |
| Market Maker | |
| No | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| Mobile Apps | |
| Yes | 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. |
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| Auto Trading | |
| Yes | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| Use market signals from experienced traders to start copy trading alongside established investors. cTrader in particular offers an easy way to start mirroring the strategies of other users. | 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 | Yes |
| Trade Signals | |
| Yes | Yes - MQL5 |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| CFDs are available on metals, energies and cryptocurrency pairs with flexible leverage, NDD/STP execution and no strategy restrictions. On the negative front, the selection of commodities is limited and market research trails the best brokers. | 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. |
| Leverage | |
| 1:1000 | 1:200 |
| FTSE Spread | |
| N/A | From $18.53 |
| GBPUSD Spread | |
| 0.5 | From $8 |
| Oil Spread | |
| 0.1 | From $40 |
| Stocks Spread | |
| N/A | Variable |
| Forex Trading | |
| 42 forex pairs are available on three powerful trading platforms, including MT4 and MT5. The broker offers some of the highest leverage we have seen up to 1:1000, alongside competitive spreads from 0.5 pips on majors like the EUR/USD. | 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 App | |
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. |
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| GBPUSD Spread | |
| 0.5 | From $8 |
| EURUSD Spread | |
| 0.5 | From $5 |
| EURGBP Spread | |
| 0.6 | From $6.95 |
| Assets | |
| 42 | 36 |
| Cryptocurrency | |
| Traders can access nine crypto pairs including BTC/USD, ETH/USD and XRP/USD with leverage up to 1:20. However the selection is narrower than many rivals. | 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. |
| Spread | |
| Floating | 0.11 - 3.0 pips |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | Yes |
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FXChoice has closed.
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