Compare FX Choice vs Forexee
What is FX Choice? What is Forexee?
FX Choice is an online forex broker that has been operating since 2010 and is regulated by the International Financial Services Commission (IFSC) of Belize. FX Choice offers trading in various markets, including forex, metals, energies, indices, commodities, stocks, bonds, ETFs, and cryptocurrencies. FX Choice also provides access to ECN technology, which allows for fast execution, low spreads, and deep liquidity.
Forexee is an online forex broker that has been operating since 2004 and is regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines. Forexee offers trading in 49 currency pairs, as well as indices, metals, commodities, energies, and cryptocurrencies. Forexee also provides access to ECN/STP technology, which ensures transparent pricing, no requotes, and no conflict of interest.
FX Choice vs Forexee Regulation Comparison
FX Choice is regulated by the IFSC of Belize, which is a reputable regulator that requires brokers to comply with certain standards of financial security, customer protection, and fair trading practices. FX Choice also participates in the Financial Commission’s compensation fund, which covers up to €20,000 per client in case of broker insolvency or misconduct.
Forexee is regulated by the FSA of St. Vincent and the Grenadines, which is a less reputable regulator that does not impose strict requirements or supervision on brokers. Forexee does not participate in any compensation scheme or dispute resolution service for its clients.
FX Choice vs Forexee Trading Assets Comparison
FX Choice offers a wider range of trading assets than Forexee, with over 100 instruments available across various markets. FX Choice also allows trading in physical stocks, ETFs, and bonds, which are not offered by Forexee.
Forexee offers a narrower range of trading assets than FX Choice, with only 49 currency pairs and a few other instruments available across selected markets. Forexee does not offer trading in physical stocks, ETFs, or bonds.
FX Choice vs Forexee Trading Fees Comparison
FX Choice charges different fees depending on the account type and the instrument traded. For forex trading, FX Choice offers three account types: Classic, Pro, and Optimum. The Classic account has no commission but higher spreads; the Pro account has lower spreads but a commission of $3.5 per lot per side; and the Optimum account has variable spreads and commissions depending on the market conditions. For other instruments, such as metals, indices, or cryptocurrencies, FX Choice charges a percentage-based commission that varies from 0.01% to 0.25% per side. FX Choice also charges rollover fees for holding positions overnight, which depend on the instrument and the direction of the trade.
Forexee charges different fees depending on the account type and the instrument traded. For forex trading, Forexee offers four account types: STP, Basic ECN, Advanced ECN, and Premium ECN. The STP account has no commission but higher spreads; the Basic ECN account has lower spreads but a commission of $2.5 per lot per side; the Advanced ECN account has even lower spreads but a commission of $1.8 per lot per side; and the Premium ECN account has the lowest spreads but a commission of $1.5 per lot per side. For other instruments, such as metals or cryptocurrencies, Forexee charges a percentage-based commission that varies from 0.1% to 0.5% per side. Forexee also charges rollover fees for holding positions overnight, which depend on the instrument and the direction of the trade.
FX Choice vs Forexee Account Types Comparison
FX Choice offers three account types for forex trading: Classic, Pro, and Optimum. The Classic account has a minimum deposit of $100 and a maximum leverage of 1:200; the Pro account has a minimum deposit of $100 and a maximum leverage of 1:200; and the Optimum account has a minimum deposit of $10 and a maximum leverage of 1:1000. All accounts have variable spreads starting from 0 pips and allow scalping, hedging, EA trading, and crypto trading.
Forexee offers four account types for forex trading: STP, Basic ECN, Advanced ECN, and Premium ECN. The STP account has a minimum deposit of $50 and a maximum leverage of 1:500; the Basic ECN account has a minimum deposit of $200 and a maximum leverage of 1:500; the Advanced ECN account has a minimum deposit of $1000 and a maximum leverage of 1:200; and the Premium ECN account has a minimum deposit of $5000 and a maximum leverage of 1:100. All accounts have variable spreads starting from 0 pips and allow scalping, hedging, EA trading, and crypto trading.
FX Choice vs Forexee Deposit Options Comparison
FX Choice offers a variety of deposit and withdrawal options, including bank wire transfer, credit/debit cards, e-wallets, and cryptocurrencies. FX Choice does not charge any fees for deposits or withdrawals, except for bank wire transfers, which may incur fees from the intermediary banks. FX Choice also offers a 15% bonus for crypto deposits and a 50% bonus for other deposits within seven days of verification.
Forexee offers a limited number of deposit and withdrawal options, including bank wire transfer, credit/debit cards, e-wallets, and cryptocurrencies. Forexee does not charge any fees for deposits or withdrawals, except for bank wire transfers, which may incur fees from the intermediary banks. Forexee also offers a $15 welcome bonus for STP accounts and a 0% commission for crypto deposits.
FX Choice vs Forexee Trading Platforms Comparison
FX Choice offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are popular and widely used by traders around the world, offering advanced charting tools, technical indicators, market news, automated trading, and mobile trading. FX Choice also provides access to the Web Terminal for MT4 and MT5, which allows trading via a browser without downloading any software.
Forexee offers only one trading platform: MetaTrader 4 (MT4). MT4 is the same platform as offered by FX Choice, with the same features and functionalities. Forexee does not offer MT5 or any web-based platform.
FX Choice vs Forexee Analytical Tools Comparison
FX Choice offers several analytical tools to help traders make informed decisions, such as market analysis, economic calendar, trading calculators, VPS service, and Myfxbook AutoTrade. FX Choice also provides access to Trading Central, which is a leading provider of technical analysis and market insights.
Forexee offers few analytical tools to help traders make informed decisions, such as market analysis, economic calendar, trading calculators, and VPS service. Forexee does not provide access to Trading Central or any other third-party service.
FX Choice vs Forexee. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as different brokers may suit different traders depending on their preferences, goals, and strategies. However, here are some possible factors that you may want to consider:
- Regulation: FX Choice is regulated by a more reputable regulator than Forexee, which may give you more confidence and protection as a trader. FX Choice also participates in a compensation fund that covers up to €20,000 per client in case of broker insolvency or misconduct, while Forexee does not offer any such scheme.
- Trading Assets: FX Choice offers a wider range of trading assets than Forexee, with over 100 instruments available across various markets. FX Choice also allows trading in physical stocks, ETFs, and bonds, which are not offered by Forexee. If you are looking for more diversity and flexibility in your trading portfolio, FX Choice may be a better option for you.
- Trading Fees: FX Choice and Forexee charge different fees depending on the account type and the instrument traded. FX Choice offers three account types for forex trading: Classic, Pro, and Optimum. Forexee offers four account types for forex trading: STP, Basic ECN, Advanced ECN, and Premium ECN. Both brokers have variable spreads starting from 0 pips and charge commissions for some account types. The fees may vary depending on the market conditions and the volume of your trades. You may want to compare the fees for the instruments and account types that you are interested in and see which broker offers more competitive pricing for your trading style.
- Account Types: FX Choice and Forexee offer different account types for forex trading, with different minimum deposits, maximum leverages, and other features. Both brokers allow scalping, hedging, EA trading, and crypto trading for all account types. You may want to choose an account type that matches your trading capital, risk appetite, and trading strategy.
- Deposit and Withdrawal Options: FX Choice and Forexee offer a variety of deposit and withdrawal options, including bank wire transfer, credit/debit cards, e-wallets, and cryptocurrencies. Both brokers do not charge any fees for deposits or withdrawals, except for bank wire transfers. FX Choice also offers a 15% bonus for crypto deposits and a 50% bonus for other deposits within seven days of verification, while Forexee offers a $15 welcome bonus for STP accounts and a 0% commission for crypto deposits. You may want to choose a broker that offers more convenient and rewarding payment methods for you.
- Trading Platforms: FX Choice offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Forexee offers only one trading platform: MetaTrader 4 (MT4). Both platforms are popular and widely used by traders around the world, offering advanced charting tools, technical indicators, market news, automated trading, and mobile trading. FX Choice also provides access to the Web Terminal for MT4 and MT5, which allows trading via a browser without downloading any software. You may want to choose a broker that offers more options and flexibility in your trading platform.
- Analytical Tools: FX Choice offers several analytical tools to help traders make informed decisions, such as market analysis, economic calendar, trading calculators, VPS service, Myfxbook AutoTrade, and Trading Central. Forexee offers few analytical tools to help traders make informed decisions, such as market analysis, economic calendar, trading calculators, and VPS service. You may want to choose a broker that offers more comprehensive and reliable analytical tools for your trading needs.
