MyFXchoice is a regulated broker that is authorized by the Financial Services Commission of Belize (FSC). The broker provides account funds segregation and negative balance protection to further increase the security and safety.
The broker is relatively new, but has already managed to create a solid customer base by offering great benefits to its clients. The broker provides access to:
- Forex
- Crypto
- Indices
- Commodities
- Shares
What makes this broker stand out from the competition is the amazing promotions. There’s a 65% and 50% welcome bonus per deposit for new clients. You can click here to get the bonus in case you are registering with the broker for the first time.
Keep in mind that the 65% bonus is only available if you are making a deposit using cryptocurrency. The broker accepts various crypto methods. You can use Bitcoin, Ethereum, Litecoin, etc. What’s more, there’s no Deposit & Conversion Fees. Be noted that the bonus amount is up to 10,000 USD per account and there’s a 10 USD minimum deposit required.
In case you are using a debit/credit card, bank wire transfer or electronic wallet, the welcome bonus amount will be 50%. Keep in mind that while most options are instant, bank wire transfer may take up to 3 business days.
In order to receive the bonus, all you need to do is to register, get verified, and deposit funds. Registering is super easy, The broker’s web page is user-friendly and highly intuitive. When you open the main page, you will be able to see the register button in green, in the top right corner. You will be asked to fill in personal information, such as contact information, full name, and you’ll be able to create a password. Afterwards, you will be required to provide additional information about yourself.
After the registration, the next step is verification. The verified account will give you full access to your deposits and withdrawals. The broker requires proof of residence and proof of identity documents from you. You can upload scanned copies of your documents or take digital photos using your smartphone. Keep in mind that the documents need to be clearly visible, there should not be shadows and light reflections when taking a picture. You can use a government issued passport, ID card or driving license as proof of identity. As for proof of residence, you can use utility bills, bank statements, etc.
More details about the broker
MyFXchoice offers the full set of MetaTrader platforms, enables EAs and social trading. What’s more, there are various account types to choose from.
- Classic Account – 100 USD minimum initial deposit requirement
- Optimum Account – 10 USD minimum initial deposit requirement
- Pro Account – 100 USD minimum initial deposit requirement
Available leverage is up to 1000:1 when using Optimum account and up to 200:1 when using Classic and Pro accounts. The broker also provides 24/5 customer service via live chat, over the phone or through email. The customer service agents are highly professional and very friendly. What’s more, the broker provides access to extensive education including glossary, trading platform guides, strategy guides, etc.
Summary
In summary, the broker offers great bonuses to new clients. All you need to do is to complete a registration form, provide proof of residence and proof of identity documents to verify your account, deposit funds, get your bonus and start trading. Keep in mind that the bonuses are for new clients and when the deposits are made using crypto, there’s a 65% bonus. For regular money transfers, there’s a 50% welcome bonus. In both cases, the deposit amount is great. Moreover, the maximum bonus per account is 10,000 USD.
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