Prochoice Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-11 15:01

Abstract：ProChoice is regulated by CYSEC. It offers access to both domestic and international markets. However, ProChoice is limited to unclear trading conditions like leverage and spreads, which is a disadvantage for some investors.

ProChoice Review Summary
Founded	Not mentioned
Registered Country/Region	Cyprus
Regulation	CYSEC
Market Instruments	Forex, Commodities, Indices, Shares (CSE, ASE)
Demo Account	×
Leverage	Up to 1:400 (Forex)
Spread	From 0 pips (Forex)
Trading Platform	MT4
Min Deposit:	$100
Customer Support	Phone: +357-24661192
	Email: backoffice@pro-choice.com.cy
	24/7 Online Chat: Not available
	Physical Address: Ariadnis 21, Patsias Court 25, 2nd Floor, Office 202, 7060 Livadia, Larnaca, Cyprus

ProChoice Information

　　ProChoice is regulated by CYSEC. It offers access to both domestic and international markets. However, ProChoice is limited to unclear trading conditions like leverage and spreads, which is a disadvantage for some investors.

Pros and Cons

Pros	Cons
Regulated by CySEC	Limited details on trading fees
Access to CSE and ASE markets	No demo account available

Is ProChoice Legit?

Category	Details
Regulatory Status	Regulated
License Type	Straight Through Processing (STP)
Regulated By	Cyprus(CYSEC)
License Number	100/09
Licensed Institution	Prochoice Chrimatistiriaki Ltd
Effective Date	2009-07-01

What Can I Trade on ProChoice?

　　ProChoice offers trading in Forex, commodities, indices, and shares on the Cyprus Stock Exchange (CSE) and the Athens Stock Exchange (ASE).

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Shares	✔
Cryptocurrencies	❌
ETFs	❌
Bonds	❌

Trading Fees

　　Spreads and Commissions

　　Forex spreads start from 0 pips with no commission on Basic accounts.

Instrument	Spread	Commission
EUR/USD	From 0.1 pip	$0 (Basic)
Gold	From 0.3 pip	$3/lot (Standard)
Indices	From 1 pip	$5/lot (Pro)

Non-Trading Fees

　　Prochoice Stockbrokers charges no deposit fees, but withdrawal fees depend on the payment method.

Fee Type	Amount
Deposit Fee	$0
Withdrawal Fee	$$10$$50 (depending on method)

Trading Platform

Trading Platform	Supported	Available Devices	Suitable For
MT4	✔	Web, Desktop, Mobile	All traders
MT5	❌	-	-

Deposit and Withdrawal

　　Prochoice Stockbrokers does not charge deposit fees, and the minimum deposit is $100 for Basic accounts.

Deposit Options	Min. Deposit	Fees	Processing Time
Bank Transfer	$100	$0	1-3 Business Days
Credit/Debit Card	$100	$0	Instant
E-Wallets	$100	$0	Instant