Support Center > Knowledge Base> Category: Accounts
Category: Accounts
33 Articles
Orange arrow Is there a monthly fee for using a live account?

2585 views
  No, both our Pro and Classic accounts are free to use....
Posted in: Accounts

Orange arrow How do I complete the verification of my details and start trading?

1905 views
  We require verification of your identity. These requirements can be met either by uploading the ID documents listed below to your Backoffice profile or sending them via email to backoffice@myfxchoice.com To verify your identity, we need to see a clear colour copy of the front and back of your gove...
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Orange arrow What’s the difference between USDT Omni layer and ERC20?

967 views
  Tether (USDT) is a cryptocurrency designed for each token to be represented by an underlying US dollar. How does Tether work? Read more here We offer Tether issued on the Omni and Ethereum blockchains. USDT-Omni is the USDT issued by Tether based on the BTC network, while USDT-ERC20 is the USDT ...
Orange arrow Do you offer Islamic accounts?

4192 views
  Yes, we do. Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith. If you are from a Muslim country, you can request an Islamic account by simply logging into your Backoffice profile, going to the Prof...
Posted in: Accounts

Orange arrow How long does account verification take?

3770 views
  Once all your documents have been submitted, your account is usually verified within 24hrs. If you do not hear from us within 48hrs, please check your email and junk mail. It is possible that we have requested more information from you. Please also be aware that processing times do not include w...
Posted in: Accounts

Orange arrow Can I open multiple demo/live accounts?

2745 views
  The short answer is yes, you can open additional demo or live accounts, without having to register a new profile. All you need to do is log in to your existing user profile, click on the Open live/demo account button and follow the on-screen instructions. By default you can open 20 demo accounts an...
Posted in: Accounts

Orange arrow How do I transfer funds between trading accounts?

3901 views
  Transfers between trading accounts can be done from within your profile page: https://my.myfxchoice.com. Go to 'Internal Transfer' section, and select 'Internal', fill in the transfer form, and submit the request to complete the procedure....
Posted in: Accounts

Orange arrow How does commission work with trading on a Pro account?

2575 views
  Please note that the calculation of the ECN commission is based upon the volume in USD. All trades on ECN accounts are subject to a commission of 3.5 USD per notional trading amount of 100,000 USD. In other words the total amount of commission for a round-turn lot will be 7 USD. EXAMPLE 1. Let&rsq...
Posted in: Accounts

Orange arrow How do I delete my profile?

5146 views
  If you would like to delete your profile, you need to contact us via Live Chat and notify us of your desire to do so. We will deactivate your profile within 24hrs. Please note that you will be unable to access your Backoffice and trading accounts after we have deactivated the profile. You will also...
Posted in: Accounts

Orange arrow Does a Demo account have an expiration period?

2030 views
  If you don’t login to your Demo account for 90 days it will expire....
Posted in: Accounts

Orange arrow What is the maximum leverage you offer?

2215 views
  We offer a maximum 1:200 leverage. However, leverage on some trading instruments, namely indices, commodities, cryptocurrencies (BTCUSD, ETHUSD, LTCUSD), and USDMXN can be different. Please visit the links below to learn more about specifications of each trading instrument: Forex: https://e...
Posted in: Accounts

Orange arrow Can I have more than one trading account?

6318 views
  The short answer is yes, you can open additional demo or live accounts, without having to register a new profile. All you need to do is log in to your existing user profile, click on the Open live/demo account button and follow the on-screen instructions. By default you can open 20 demo accounts an...
Posted in: Accounts

Orange arrow In which currencies can I open accounts?

3857 views
  FXChoice clients can open accounts in USD, EUR, GBP, AUD, CAD, Gold, Bitcoin, Bitcoin Cash, Litecoin, Ethereum and XRP....
Posted in: Accounts

Orange arrow How can I change my personal information (email, phone number, etc.)?

1892 views
  Some details, for example your email, can be changed directly within your Backoffice in the Profile section; other personal information can’t be changed by yourself unfortunately, but we can do that for you, upon request. But before we change any of your personal data, we will contact you to...
Posted in: Accounts

Orange arrow Can I have swap free account even thought I don't live in a Muslim country?

1829 views
  Yes we do offer swap free accounts to clients following the Muslim faith. If you do not live in Muslim country, but you follow this faith, simply submit a request by email to backoffice@myfxchoice.com . Enter " Swap Free Account Request" in the subject line. Make sure the email is coming from the ...
Posted in: Accounts


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