Trading on fxchoice

By QuintoTrader | Quinto Trader | 29 Oct 2021


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Fxchoice is a forex broker site that was founded in 2010 and is based in Belize. Being a forex broker, it is able to connect traders around the globe to different trading platforms where they can execute their trade upon depositing some funds to their trading account.

 

REGULATION

Fxchoice is well regulated by different financial watchdogs across the globe thus making it safe for traders. Some of the financial watchdogs is IFSC(International Financial Service Commision).

 

DEPOSIT AND WITHDRAWAL METHOD

Fxchoice provides several ways of depositing and withdrawing funds in their platform. Some of them are neteller, skrill, bitcoin, USDT,dogecoin, advcash, visa card and perfect money. Deposit is instant while withdrawal takes some few minutes or up to 24 hours to some . The minimum amount of money that traders can deposit to their account is $100.

 

TRADING PLATFORMS

In fxchoice platform, there are two trading platforms being offered to traders. There is MT4 and MT5. Traders can use both webtrader as well as they can download the app to their computer or their mobile devices.

 

CATEGORY OF ACCOUNTS

In fxchoice platform, there is pro and classic account being offered to traders. This means that both are standard lot accounts thus the funds will be in USD '

 

SPREAD

This is the transaction cost that is being charged by brokers whenever a trader opens a certain position. It is the difference between the buy and sell. In fxchoice, there will be a 1.2 pip charged whenever a position is being opened.

 

MINIMUM LOT SIZE

In forex trading, lot is the amount to be executed by a trader. 1 lot is equivalent to 100,000 units in forex trading. The minimum lot size both in pro and classic account that a trader can open in fxchoice is 0.01 lot.

 

MAXIMUM LEVERAGE

This is the borrowing ratio that gives the trader the power to open positions. The maximum leverage that a trader can use in fxchoice is 1:200. That is, if the trader has $100 in their account, then he/she can be in a position of opening a position size of up to $20,000 if he chooses to use the leverage of 1:200.

 

OPENING A TRADING ACCOUNT

Now that you have an idea about fxchoice broker, it is time to open a trading account with them. You can simply follow the link from below and open an account and make sure to upload the required documents in order for your account to be verified;

myfxchoice.com

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QuintoTrader
QuintoTrader

Trader, Blockchain Technologist and Contentpreneur. Also founder and CEO @ Quinto Trader


Quinto Trader
Quinto Trader

Teacher forex school provides individual with training regarding to forex trading and cryptocurrency trading. We also share trading ideas online for both crypto and forex market

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