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

2015 views
  No, both our Pro and Classic accounts are free to use....
Posted in: Accounts

Orange arrow Can I have more than one trading account?

4819 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 Do you offer Islamic accounts?

3187 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...
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Orange arrow How do I complete the verification of my details and start trading?

1099 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 In which currencies can I open accounts?

3079 views
  FXChoice clients can open accounts in USD, EUR, GBP, AUD, CAD, Gold, Bitcoin, Bitcoin Cash, Litecoin, Ethereum and XRP....
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Orange arrow Do you offer ECN accounts?

3843 views
  Yes, all our accounts are ECN....
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Orange arrow How long does account verification take?

3144 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...
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Orange arrow How does commission work with trading on a pro account?

1934 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 Can I open multiple demo/live accounts?

2097 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?

3116 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 Does a Demo account have an expiration period?

1475 views
  If you don’t login to your Demo account for 90 days it will expire....
Posted in: Accounts

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

1248 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 What is the maximum leverage you offer?

1620 views
  We offer a maximum 1:200 leverage. However, leverage on some trading instruments, namely indices, commodities, cryptocurrencies (BTCUSD, ETHUSD, LTCUSD), USDMXN, EURTRY and USDTRY can be different. Please visit the links below to learn more about specifications of each trading instrument: F...
Posted in: Accounts

Orange arrow How can I reset my balance on a Demo account?

19617 views
  You can reset or change the balance of your MT4 demo account from within your Backoffice profile; go to the Accounts tab and click on the Demo account number. You will be taken to the account overview page. On the right-hand side of the screen you will find the Change balance button; click on it an...
Posted in: Accounts

Orange arrow What documents are required to open a live account?

1670 views
  As a regulated broker we are required to establish the identity of all live account holders by requesting them to provide supporting documentation. All online applications must be complimented with a colour copy of your ID/Passport. Be sure to check out the full list of requirements here....
Posted in: Accounts


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