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Can I lose more money than I deposit with you?
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Using a lot of leverage has an inherent risk of losing more money than was initially deposited into a trading account. This can result in a negative balance, but fear not, we are not going to send collections agencies after you or engage in any legal actions to recover our money. We operate with a ...
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What are your Margin Call and Stop out Levels? |
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A Margin Call is literally a Warning that you receive in your MT4 trading platform that your account has slipped past a certain percent of the required margin and there is not enough equity (unused balance + floating profits – floating losses) on the account to support your Open trades any fu...
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Where do you have offices?
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We are based in Belize and here is the contact for our office....
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Do you offer joint accounts? |
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Our Joint accounts are allowed for spouses or other close relatives.You will need to supply ID documents for each person and send a request about having a joint account via email to the Backoffice teamAll persons will have the right to deposit and withdraw to/from the trading account/s....
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How I am able to obtain transaction data for tax reporting. Thank you
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Kindly note that tax reporting is solely the responsibility of the trader. We neither report any of your trades nor provide any statements for tax purposes, however, you can generate one in your MT4 platform for the period you need.Here is a detailed guide on how you can do that https://www.youtube...
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Are you a Dealing Desk Broker? |
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We are NOT a dealing desk broker - our end is automated and without human intervention. This means all trades go directly to the market and we do not alter any of the customers' trades....
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Do you accept US residents?
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Yes, we accept US residents....
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Do you enforce NFA trading rules? |
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Our clients are not restrained by NFA trading rules. All account holders can hedge and are not held to FIFO rules either....
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Are you regulated?
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The answer is yes and if you scroll down to the bottom of any page on our website you will find our license number. If you click here, you will be taken to the official website of our regulatory body. You will be able to find us under the “Regulated service providers” tab, in list &ldqu...
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What does the term 'STP' mean? |
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STP stands for Straight-Through Processing. The STP system routes orders directly to liquidity providers who have access to the interbank market....
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What is leverage?
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It is a lever to your investment which can multiply your profits. For example, if your leverage 1:200, that means you can purchase up to 200 times your initial investment. We recommend that you use leverage responsibly....
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Do you offer guaranteed stop loss protection? Do you offer negative balance protection? |
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Being an ECN broker means we can't offer guaranteed fills for stop orders. We execute them at the best available price, but it may be with positive or negative slippage, as well as executed at the requested price. No ECN broker can offer guaranteed stop order fills because it is very high risk for ...
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Do you offer CFDs?
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Yes we offer CFD instruments and Spot Metals. Find out more about the instruments we offer here: https://en.myfxchoice.com/trading/cfds/...
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What is the minimum lot size? |
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FXChoice offer clients the ability to trade with lot sizes as small as 0.01 lots....
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What are your trading hours and rollover times?
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We are open 24/5, Sunday 00:00 server time (GMT+2 or during summer time GMT +3) to Friday 00:00 server time (GMT+2 or during summer time GMT +3).Please note that our client support department is also available from Sunday 00:00 server time (GMT+2 or during summer time GMT +3) to Friday 00:00 server...
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