Compare SuperForex vs FX Choice
What is SuperForex? What is FX Choice?
SuperForex is a global ECN broker that offers online currency trading, CFD, stocks, commodities, futures and precious metals via MT4 trading platform.
FX Choice is a leading online forex broker that provides competitive and superior service for over 10 years. It offers trading in forex, crypto, indices, commodities and shares via MT4 and MT5 platforms.
SuperForex vs FX Choice Regulation Comparison
| Broker | Regulation | License Number |
|---|---|---|
| SuperForex | International Financial Services Commission (IFSC) of Belize | IFSC/60/292/TS/15 |
| FX Choice | International Financial Services Commission (IFSC) of Belize | IFSC/60/191/TS/19 |
Both brokers are regulated by the same authority, which means they have to comply with the same rules and standards of conduct. However, the IFSC is not a very strict or reputable regulator compared to other jurisdictions such as the UK, Australia or the US.
SuperForex vs FX Choice Trading Assets Comparison
| Broker | Forex Pairs | Crypto Pairs | Indices | Commodities | Shares |
|---|---|---|---|---|---|
| SuperForex | 36 | 8 | 11 | 6 | 50 |
| FX Choice | 36 | 5 | 13 | 3 | 0 |
SuperForex vs FX Choice Trading Fees Comparison
| Broker | Spreads | Commissions | Swaps |
|---|---|---|---|
| SuperForex | Fixed or floating depending on account type. Average EUR/USD spread is 2 pips on standard account and 0.4 pips on ECN account. | No commissions on standard and Profi-STP accounts. $6 per lot round turn on ECN account. | Charged or credited depending on account type and instrument. Swap-free accounts available for Islamic traders. |
| FX Choice | Floating depending on market conditions. Average EUR/USD spread is 0.5 pips on classic account and 0.1 pips on pro account. | No commissions on classic account. $7 per lot round turn on pro account. | Charged or credited depending on instrument and direction of trade. Swap-free accounts available for Islamic traders. |
SuperForex vs FX Choice Account Types Comparison
| Broker | Account Types |
|---|---|
| SuperForex | Standard, Profi-STP, ECN, Crypto, Swap-Free, No Spread, Micro Cent, Mini, Standard Plus. |
| FX Choice | Classic, Pro, Optimum. |
SuperForex vs FX Choice Deposit Options Comparison
Both brokers have a wide range of deposit and withdrawal options, including cryptocurrencies.
SuperForex has lower minimum deposit requirements ($1 or equivalent) than FX Choice ($10 or equivalent).
SuperForex has local deposit options for some countries, while FX Choice does not.
Neither broker charges deposit fees, but they may charge withdrawal fees depending on the method used.
SuperForex vs FX Choice Trading Platforms Comparison
| Broker | Trading Platforms |
|---|---|
| SuperForex | MetaTrader 4 for desktop, web and mobile. SuperForex Mobile App for Android. |
| FX Choice | MetaTrader 4 and MetaTrader 5 for desktop, web and mobile. |
SuperForex vs FX Choice Analytical Tools Comparison
| Broker | Analytical Tools |
|---|---|
| SuperForex | Economic calendar, market news, trading signals, technical analysis, pattern recognition, forex copy, forex education. |
| FX Choice | Economic calendar, market news, trading signals, technical analysis, VPS service, myfxbook autotrade, FX education. |
SuperForex vs FX Choice. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer as to which forex broker is better or which one you should choose. It depends on your personal preference, trading style, goals and risk appetite. However, there are a few factors you can consider:
- If you are looking for lower trading costs, FX Choice may have an edge over SuperForex, as it offers lower spreads and commissions on some account types.
- If you are looking for more account options, SuperForex may suit you better, as it offers more account types with different features and benefits.
- If you are looking for more trading instruments, SuperForex may have an advantage over FX Choice, as it offers more crypto pairs, commodities and shares than FX Choice.
- If you are looking for a more advanced trading platform, FX Choice may be a better choice, as it offers MetaTrader 5 in addition to MetaTrader 4, which has some additional features and functionalities.
- If you are looking for more analytical tools, both brokers offer a variety of tools to help you with your trading decisions and performance. However, FX Choice has some unique services such as VPS and myfxbook autotrade.
Ultimately, the best way to decide which broker is better for you is to try them out yourself. You can open a demo account with both brokers and test their services and platforms before committing to a real account
