Compare AMarkets vs FX Choice
What is AMarkets? What is FX Choice ?
AMarkets is a forex and CFD broker that offers over 500 trading instruments, including 42 currency pairs, on the MT4 and MT5 platforms.
FX Choice is a forex and CFD broker that offers 50 trading instruments, including 36 currency pairs, on the MT4, MT5 and mobile platforms. Both brokers are market makers, meaning they act as the counterparty to your trades and may have a conflict of interest with you.
AMarkets vs FX Choice Regulation Comparison
AMarkets is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, which is a low-tier offshore jurisdiction that does not offer much protection or oversight for traders.
FX Choice is regulated by the International Financial Services Commission (IFSC) of Belize, which is also a low-tier offshore jurisdiction that does not offer much protection or oversight for traders.
AMarkets vs FX Choice Trading Assets Comparison
AMarkets offers a wider range of trading assets than FX Choice, with over 500 instruments compared to 50. AMarkets has more currency pairs (42 vs 36), more indices (15 vs 6), more commodities (11 vs 5), more stocks (400+ vs 0) and more cryptocurrencies (10 vs 3) than FX Choice.
FX Choice only has an advantage in offering metals (6 vs 4) over AMarkets. Therefore, AMarkets is the better option for traders who want more diversity and variety in their trading portfolio.
AMarkets vs FX Choice Trading Fees Comparison
AMarkets has lower trading fees than FX Choice, especially for forex trading. AMarkets has an average spread of 0.4 pips for the EUR/USD pair on its Standard account, while FX Choice has an average spread of 1.4 pips for the same pair on its Classic account. AMarkets also does not charge any commissions or fees on its Standard account, while FX Choice charges a commission of $3.5 per lot per side on its Pro account, which has lower spreads than its Classic account.
AMarkets vs FX Choice Account Types Comparison
AMarkets offers three account types: Standard, Fixed and ECN. The Standard account has variable spreads from 0.4 pips, no commissions or fees, a minimum deposit of $100 and a maximum leverage of 1:1000. The Fixed account has fixed spreads from 3 pips, no commissions or fees, a minimum deposit of $100 and a maximum leverage of 1:1000. The ECN account has variable spreads from 0 pips, a commission of $2.5 per lot per side, a minimum deposit of $200 and a maximum leverage of 1:200.
FX Choice offers two account types: Classic and Pro. The Classic account has variable spreads from 1.4 pips, no commissions or fees, a minimum deposit of $100 and a maximum leverage of 1:200. The Pro account has variable spreads from 0 pips, a commission of $3.5 per lot per side, a minimum deposit of $100 and a maximum leverage of 1:200.
Both brokers offer Islamic accounts that are swap-free for Muslim traders who follow Sharia law.
Therefore, both brokers have similar account types that cater to different trading styles and preferences.
AMarkets vs FX Choice Deposit Options Comparison
AMarkets offers more deposit and withdrawal options than FX Choice, with over 20 methods available compared to 10. AMarkets accepts bank transfers, credit/debit cards, e-wallets (such as Skrill, Neteller, WebMoney), cryptocurrencies (such as Bitcoin, Ethereum) and local payment systems (such as FasaPay).
FX Choice accepts bank transfers, credit/debit cards, e-wallets (such as Skrill, Neteller), cryptocurrencies (such as Bitcoin) and prepaid cards (such as PaySafe). Both brokers do not charge any fees for deposits or withdrawals.
AMarkets vs FX Choice Trading Platforms Comparison
Both brokers offer the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms as their main trading platforms. These platforms are widely used by traders around the world for their user-friendly interface, advanced charting and analysis tools, automated trading features and compatibility with various devices and operating systems. Both brokers also offer mobile trading apps for iOS and Android devices that allow traders to access their accounts and trade on the go.
AMarkets vs FX Choice Analytical Tools Comparison
Both brokers offer some analytical tools to help traders with their market research and decision making. AMarkets offers an economic calendar, a market sentiment indicator, a trading calculator, a copy trading service and a blog with market news and analysis.
FX Choice offers an economic calendar, a VPS service, a copy trading service and a blog with market news and analysis.
AMarkets vs FX Choice . Which forex broker is better? Which forex broker should you choose?
Different brokers may suit different traders depending on their trading style, preferences, goals and risk appetite. However, AMarkets and FX Choice have some advantages and disadvantages over each other. Here are some possible scenarios where one broker may be better than the other:
- If you are looking for a broker with more trading assets, lower transaction fees, more deposit and withdrawal options and higher leverage, then AMarkets may be a better fit for you.
- If you are looking for a broker with lower commissions, more metals and cryptocurrencies, VPS service and net power boost option, then FX Choice may be more suitable for you.
- If you are looking for a broker with similar account types, trading platforms, analysis tools and copy trading services, either broker may be right for you.
Ultimately, the best way to decide which broker is more suitable for you is to try it out for yourself by opening a demo account or a small real account and testing out their services and features. You can also read more reviews and feedback from other traders who have used these brokers before making your final decision.
