FXChoice vs FOREX.com Broker Comparison

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Are you trying to figure out which is a better broker, FXChoice or FOREX.com? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that FOREX.com is the better of the two. FOREX.com offers 4,500+ instruments, licenses from FCA, ASIC, CIMA, IIROC, and fair trading fees.

In the tables below, you can compare the features of FXChoice and FOREX.com side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked FOREX.com higher than FXChoice.

Methodology:
This tool uses data collected by our honest Forex experts. All information shown here is correct, regardless of any compensation we receive.
FXChoiceForex.com
OPEN ACCOUNTReviewReview
RATING93.8/10095.5/100
MIN. DEPOSIT100$100$
REGULATED BYbelizeuk australia cayman-islands canada
BONUS15%Check Website
MIN. SPREAD1.40.8
MAX. LEVERAGE1:2001:400
CURRENCY PAIRS3691
TRADING INSTRUMENTS50+4,500+
TRADING PLATFORMSMT4, MT5, MobileMT4, MT5, Mobile
DEPOSIT METHODSBank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, PaySafe, ePay, E-Wallet and moreBank transfer, Visa, MasterCard, PayPal and more
TYPE OF BROKERSMarket Maker/NDDMarket Maker/DMA
CUSTOMER SUPPORT24/524/5
LANGUAGE SUPPORT81
ESTABLISHED20102001
USED BY100,000+ Traders100,000+ Traders

Does FXChoice or FOREX.com have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive FXChoice and FOREX.com are, we first considered the common fees on Standard Accounts. At FXChoice the average spread for the EUR/USD currency pair is 1.4 pips, whilst at FOREX.com the spread is 0.8.

This shows that FOREX.com is the better option for low-cost forex trading.

When it comes to non-trading fees, FXChoice charges for deposit, withdrawal. FOREX.com charges for inactivity, withdrawal. With this in mind, both brokers offer similar non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that FXChoice is the better option.

Trading Fees*

TYPE OF FEEFXCHOICEFOREX.COM
Minimum Spread EURUSD (pips)1.40.8
Commission (%)00
Commission on Islamic Accounts (%)00

*Based on Standard account type.

Non-Trading Fees

TYPE OF FEEFXCHOICEFOREX.COM
Account FeesNN
Inactivity FeesNY
Deposit FeesYN
Withdrawal FeesYY

Which broker is safer, FXChoice or FOREX.com?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

FXChoice is regulated by IFSC and does not offer client protection. FOREX.com is regulated by FCA, ASIC, CIMA, IIROC and does not offer client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that FOREX.com is the safer broker.

Broker summary

FXCHOICEFOREX.COM
Minimum Deposit (USD $)100100
LicensesIFSCFCA, ASIC, CIMA, IIROC
Max. Leverage1:2001:400
Client ProtectionNY
Broker TypeMarket Maker/NDDMarket Maker/DMA
Number of Instruments50+4,500+
Currency Pairs3691
Stocks04,500
Cryptocurrencies38
CFDsYY
Proprietary Trading PlatformNN
MT 4YY
MT 5YY
Mobile CompatibleYY
Research ToolsYY
Educational MaterialsYY
Payment MethodsBank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, PaySafe, ePay, E-Wallet and moreBank transfer, Visa, MasterCard, PayPal and more
24/5 Customer SupportYY
Live ChatYY

How many trading instruments are available at FXChoice and FOREX.com?

FXChoice provides traders with 50+ instruments. This includes 36 currency pairs, 3 cryptocurrencies, and 0 stocks and shares. With FXChoice, you can also trade CFDs.

In comparison, FOREX.com boasts 4,500+ tradable instruments. FOREX.com offers 91 currency pairs, 8 cryptocurrencies, and 4,500 stocks and shares. FOREX.com also allows CFD trading.

As FOREX.com has 4,500+ and FXChoice has 50+, a difference of 46, this shows that FOREX.com offers more opportunities to diversify your trading portfolio.

Markets and Products

INSTRUMENTFXCHOICEFOREX.COM
Currency Pairs3691
Commodities411
Precious Metals27
Indices621
Stocks and Shares04,500
Cryptocurrencies38
Options00
ETFs11

Which broker offers the best trading platform, FXChoice or FOREX.com?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

FXChoice provides you with the ability to trade via 3 trading platforms, and FOREX.com has 3 trading platforms, too. Both brokers also offer research and trading tools, however FOREX.com has more.

Overall, our experts agree that FOREX.com boasts the better trading platform offering.

Research Tools

TOOLFXCHOICEFOREX.COM
News (from top-tier sources)YY
Trading Signals and IndicatorsYY
Trade IdeasNY
Expert AnalysisNY
Autochartist ToolsNY
Sentiment ChartsNY
Economic CalendarYY

Which is better for beginners, FXChoice or FOREX.com?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that FOREX.com is the better broker for beginner traders as it offers a larger range of educational tools and materials. FOREX.com also has a minimum deposit of $.

Educational Features

FEATUREFXCHOICEFOREX.COM
Demo AccountYY
Platform Tutorial VideosYY
Educational PDFsNY
Live WebinarsNY
YouTube VideosYY
Trading AcademyNY
Trading GlossaryNY

Which broker is better overall?

Overall, our tested reviewing methodology proves that FOREX.com is the better broker in a range of key areas. You can learn more by reading our FXChoice and FOREX.com reviews.

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