Prochoice Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.pro-choice.com.cy/, the company's legitimate regulatory information CyprusCYSECStraight Through Processing(STP), to enhance the security of the company's address Stratigou Timagia 15, LINDA COURT, 1st Floor, 6051, Larnaka, Cyprus.
Prochoice Forex Broker
Basic information
Cyprus
15-20 years Regulated in Cyprus Straight Through Processing(STP) Suspicious Scope of Business Medium potential riskCompany profile
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 |
FX3467113249
Venezuela
The operation of their staff caused great losses to me. I contacted with them but there was no reply.
Exposure
2021-10-14