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 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 | Cons |
Regulated by CySEC | Limited details on trading fees |
Access to CSE and ASE markets | No demo account available |
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 |
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 | ❌ |
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) |
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 | Supported | Available Devices | Suitable For |
MT4 | ✔ | Web, Desktop, Mobile | All traders |
MT5 | ❌ | - | - |
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 |
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