Tradeview vs FXChoice
Tradeview | FXChoice |
---|---|
3.8
|
FXChoice has closed.
|
Traders from US not accepted
|
Traders from US not accepted
|
Tradeview is an offshore forex and CFD broker based in the Cayman Islands and regulated by CIMA. Traders can access over 5000 instruments with a minimum deposit of $100. There are several third-party platforms on offer, including MetaTrader 4 (MT4) and cTrader. |
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. |
Risk Warning- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% - 89% of retail investors' accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 74-89% of retail CFD accounts lose money. | |
Bonus Offer | |
Promotional Offer vary. Contact Tradeview for details | 50% or 65% Welcome Deposit Bonus |
Comment by Reviewer | |
"After exploring the broker, I think Tradeview is a good choice for experienced traders looking for a no-frills brokerage service with rapid ECN execution, tight spreads and feature-rich software. Conversely, with the lack of top-tier regulation and educational materials, beginners may want to look elsewhere." | "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 | |
|
|
Cons | |
|
|
Awards | |
|
|
Instruments | |
Forex, CFDs, indices, shares, commodities, cryptocurrencies | CFDs, Forex, Indices, Commodities, Cryptocurrencies, Shares |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$100 | $100 |
Trading Platforms | |
|
|
Payment Methods | |
Credit / Debit Car, Neteller, Skrill, Cryptocurrencies, Bank Wire, Bitpay, Accentpay, Payretailers, Sticpay, Fasapay, Advcash, TransferMate, Bitwallet, Uphold and JPay | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
CIMA, MFSA | FSC |
Margin Trading | |
No | Yes |
STP Account | |
Yes | No |
ECN Account | |
Yes | 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. |
|
Auto Trading | |
Yes | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
Yes | Yes |
Copy Trading Platform | |
Choose between manual and automated copy trading at with a range of leading market signals. | 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 | |
|
|
Stock Exchanges | |
Commodities | |
CFD Trading | |
My tests uncovered around 100 CFD products covering forex, indices, commodities and cryptos. Leverage is available up to 1:400 and it’s good to see that scalping, hedging and EA strategies are permitted. | 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 | |
1:400 (CIMA), 1:30 (MFSA) | 1:200 |
FTSE Spread | |
N/A | From $18.53 |
GBPUSD Spread | |
0.6 | From $8 |
Oil Spread | |
0.5 | From $40 |
Stocks Spread | |
Variable | Variable |
Forex Trading | |
I’m happy with Tradeview’s strong range of 60+ currency pairs spanning majors, minors and exotics with competitive spreads from 0 pips in the $1000 ILC account. Traders can choose from several platforms, but I was particularly impressed with the feature-rich Currenex platform which is designed specifically for currency trading. | 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. |
|
GBPUSD Spread | |
0.6 | From $8 |
EURUSD Spread | |
0.2 | From $5 |
EURGBP Spread | |
0.7 | From $6.95 |
Assets | |
60 | 36 |
Cryptocurrency | |
I found 5 crypto products at Tradeview: BTCUSD, ETHUSD, LTCUSD, XRPUSD and BTCJPY. Whilst this isn’t the widest range, beginners should have enough opportunities to explore the market. Plus, with STP/ECN execution, traders should be able to access relatively competitive prices. | 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 | |
From $0.09 | 0.11 - 3.0 pips |
Coins | |
|
|
Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | Yes |
FXChoice has closed.
|
|
Risk Warning- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% - 89% of retail investors' accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 74-89% of retail CFD accounts lose money. | |
More Comparisons | |
Tradeview vs |
FXChoice vs |