FXChoice Account Opening

Open an FXChoice account with a $100 minimum deposit. Enjoy flexible trading options, multiple account types, and fast verification within 24 hour

FXChoice Account Opening Requirements

Opening an account with FXChoice involves a straightforward process. To begin, you must complete the registration through their online platform, providing basic personal details such as your full name, date of birth, and address. Following this, FXChoice requires account verification by submitting proof of identity and proof of address documents. Acceptable identity documents include a valid passport, national ID, or driver’s license, while proof of address may be a utility bill or bank statement. Once verified, the minimum deposit to open a trading account is $100 for Classic and Pro accounts.

FXChoice Supported and Prohibited Regions

FXChoice supports traders from various regions worldwide, including Asia, Africa, and Latin America. However, due to regulatory restrictions, FXChoice does not accept clients from certain jurisdictions. These prohibited regions include the United States, Canada, European Union countries, North Korea, and a few other countries where strict financial regulations apply. FXChoice is regulated in Belize, making it accessible to a wide range of international traders, but always recommends checking local laws before opening an account. The full list of supported and prohibited regions can be found on FXChoice’s website.

FXChoice Account Types

FXChoice offers two main account types to suit different trading needs: the Classic and Pro accounts. The Classic account is commission-free, featuring spreads starting from 1.4 pips for EUR/USD, making it ideal for traders seeking low-cost trading without additional fees. The Pro account, on the other hand, offers tighter spreads starting from 0.6 pips but charges a commission of $3.5 per side per lot traded, offering a total cost of $14.20 per lot. Both accounts support micro-lot trading and provide leverage up to 1:200, allowing traders to manage their positions effectively.

How to Close FXChoice Account

To close your FXChoice account, you need to follow a straightforward process. First, log in to your FXChoice Backoffice and ensure all open trades are closed and there are no pending transactions. Withdraw any remaining funds to avoid complications. Once your account is cleared, submit a request to customer support via email or live chat, specifying your intent to close the account. FXChoice’s support team will assist you in processing the closure. It’s important to note that any inactive accounts may incur fees if not closed properly.

FAQs

What is the minimum deposit to open an account with FXChoice?

The minimum deposit for FXChoice’s Classic and Pro accounts is $100, while the Optimum account requires just $10. These deposits grant access to all major account features, including leverage and micro-lot trading.

What documents are required to open an FXChoice account?

FXChoice requires proof of identity and proof of address for account verification. Accepted identity documents include a passport or national ID, and proof of address can be a utility bill or bank statement.

How long does it take to open and verify an FXChoice account?

Once you complete the online registration and submit your documents, the verification process usually takes up to 24 hours. FXChoice’s support team can assist if any issues arise during verification.

Can I open multiple accounts with FXChoice?

Yes, FXChoice allows traders to open multiple accounts under the same profile. This provides flexibility in choosing between different account types such as Classic and Pro.