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Sanction
CY CYSEC
2022-09-23
CYSEC Board Decision 
Prochoice
| Prochoice Review Summary | |
| Founded | 2009 |
| Registered Country | Cyprus |
| Regulation | CySEC |
| Market Instruments | Forex, Commodities, Indices, CSE, ASE, Shares |
| Demo Account | / |
| Leverge | / |
| Spread | / |
| Trading Platform | / |
| Minimum Deposit | / |
| Customer Support | Tel: +357 24661192 |
| Fax: +357 24662464 | |
| Email: backoffice@pro-choice.com.cy | |
| Social Media: LinkedIn, Facebook, X | |
| Address: Ariadnis 21, Patsias Court 25, 2nd Floor, Office 202, 7060 Livadia, Larnaca, Cyprus | |
Prochoice Information
Prochoice started in 2009 and is situated in Cyprus. The Cyprus Securities and Exchange Commission (CySEC) has given this investment firm a license. The company is a member of the Cyprus Stock Exchange (CSE) and a remote member of the Athens Stock Exchange (ASE), offering services such as trading in forex, commodities, indices, CFDs, and local/regional equities.
Pros and Cons
| Pros | Cons |
| Regulated by CySEC | No information on trading details |
| Offers diversified products | Commission fees charged |
| Various contact channels | |
| Long operation history |
Is Prochoice Legit?
Yes, Prochoice is a regulated broker with a license number of 100/09 from the Cyprus Securities and Exchange Commission (CySEC).
What Can I Trade on Prochoice?
Prochoice lets you trade fForex, commodities, indices, and CFDs, as well as invest directly in the Cyprus Stock Exchange (CSE) and the Athens Stock Exchange (ASE).
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| CSE | ✔ |
| ASE | ✔ |
| Shares | ✔ |
| ETFs | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
Prochoice Fees
Prochoice has set fees for trading and account services that are the same for everyone. Even though trading commissions and safekeeping costs are normal for the sector, some administrative fees (such handling documents or getting legal certification) may make the total cost higher, especially for less active clients.
| Fee Type | Details |
| Trading Commission (CSE/ASE) | 0.5% – 1.5% per order |
| Minimum Commission | €2.00 per transaction |
| Safekeeping Fee | €30.00 per year |
| CSE Transaction Fee | 0.0325% of value |
| ASE Sales Tax | 0.1% on sell orders |
| Account Opening Fee | €10.00 |
| Legal Document Certification | €20.00 per document |
| LEI Issuance (Legal Entity ID) | €100.00 |
| Transfer to Another Broker | €50.00 per transfer |
| Dormant Account Fee | Not specified |
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