Do not invest more money than you can afford to lose.
FXChoice, a Belize-regulated NDD forex broker, has announced the launch of its Pips+ program geared towards clients with Pro accounts.
According to the broker, the goal of the program is to reduce the trading costs for its most active clients. It consists of five tiers and the objective is for clients to work their way up to the tiers. The higher the tier, the lower the trading commission. There are two ways for clients to upgrade their status: escalate turnover volume and deposit significant equity. FXChoice takes whichever is higher and allocate the client to the respective tier.
All clients with Pro accounts are automatically enrolled in the Pips+ program. The clients with Classic accounts who wish to also sing up, should open a Pro account on either of FXChoice’s Metatrader programs.
Below you can find a table with the tier structure and conditions:
Tier | Net deposit | Commission* | Traded volume |
1 | ≥ $250 000 | $15 | ≥ $100 million |
2 | ≥ $100 000 | $20 | ≥ $50 million |
3 | ≥ $50 000 | $25 | ≥ $25 million |
4 | ≥ $10 000 | $30 | ≥ $10 million |
5 | < $10 000 | $35 | < $10 million |
*per USD $1,000,000 traded volume
FXChoice is based in Belize and is regulated by the country’s International Financial Services Commission (IFSC). The broker offers two types of accounts: Classic and Pro, either on MetaTrader 4 or 5. The minimum deposit for either type of account is $100 and the leverage is 1:200.
