FXChoice Journal

Journal status: live
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FXChoice Profile
Year
2010
Country
Belize
Branches
1
Regulation
FSC Belize
Registration
FSC Belize
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Afghanistan, American Samoa, Belize, Guam, Iraq, Italy, North Korea, Northern Mariana Islands, Puerto Rico, Spain, Sudan, Syria, US, US Virgin Islands
Broker type
DMA
Dealing book
A-book
Tier
3
Execution speed
7 ms
LPs total
...
LPs quality
Tier-1 Banks, Other
LPs names
...

FXChoice Accounts
DMA
Minimum Deposit
1 $
Leverage
200 : 1
Minimum Lot
0.01 lots
EURUSD spread
0 pips
Commission
7 $/lotRT
Volume
1000 lots
Margin Call
100 %
Stop Out
80 %
Execution
Market
Spread
floating
Scalping
yes
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Skrill, Neteller, FasaPay, EPay, PromptPay, ADVCash, Payop, STICPAY, Payredeem, Perfect Money, Paysafecard, AstroPay, POLi, Airtm, Bitcoin, Bitcoin Cash, Litecoin, USD Coin, Ethereum, Tether, Ripple, Binance Coin, Dogecoin
Base currency
USD, EUR, GBP, CHF, AUD, CAD, XAU, BTC, BCH, LTC, ETH, XRP
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after ... months
Update broker

Is FXChoice safe?

  • Investor protection: no
  • Regulation: FSC Belize
  • Registration: FSC Belize
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is FXChoice trusted?

  • Information transparency: high ★★★★★
  • Customer service: prompt
  • FXChoice website: semi-detailed, updated ★★★
  • FXChoice popularity (by visitor count): top visited ★★★★★

How FXChoice works



4.8. The Client accepts that FXChoice shall decide whether to effect any Transactions with you as principal or as an agent.
Over-the-Counter (OTC) is the execution venue for any financial instruments whose trading is governed by the Client agreement.
When trading CFDs, the Client is effectively entering into an over-the counter (‘OTC’) transaction; this implies that any position opened with FXChoice cannot be closed with any other entity.
4.8 The Client accepts that FXChoice shall decide whether to effect any Transactions with you as principal or as an agent.

CONFLICTS OF INTEREST
The Client accepts that a conflict of interest may arise when the interest of FXChoice competes or interferes, or appears to compete or interfere, with the Client’s interests under the Client agreement. The Client accepts that:
a) FXChoice may assign or transfer the execution of the Client’s instruction to another member company of the FX Choice Group of Companies;
b) FXChoice may execute at the same time instructions by different Clients that are opposite to one another;
c) FXChoice may establish business, including but not limited to trading relationships, with other issuers of financial instruments and FX Choice may have a financial interest in such instruments;
d) Should FXChoice act as a market maker, there may be inherent conflict of interest;

37.4 On the basis of paragraph 18.2.d) of the Client Agreement, FX Choice shall determine at its discretion the Quotes that are executable and appear through the trading platform(s).



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