Score
Prochoice
Cyprus|15-20 years| http://www.pro-choice.com.cy/
Website
Rating Index
Contact
Licenses
Licensed Institution：Prochoice Chrimatistiriaki Ltd
License No.：100/09
Single Core
1G
40G
1M*ADSL
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
Basic information
CyprusA Visit to PROCHOICE in Cyprus - Office Found
The survey team went to Cyprus to visit forex broker Prochoice as scheduled, and found the company’s name at its regulatory address. This signifies that the broker has a physical business office at the location. Meanwhile, investors are advised to make a sensible decision following much deliberation.
CyprusA Site Visit to Prochoice in Cyprus Nobody Was Found in the Office
It has been attested by our investigation staff that the actual address of the Cyprus licensed company Prochoice is inconsistent with that declared by the supervision agency.
CyprusA Visit to PROCHOICE in Cyprus - Office Found
The survey team went to Cyprus to visit forex broker Prochoice as scheduled, and found the company’s name at its regulatory address. This signifies that the broker has a physical business office at the location. Meanwhile, investors are advised to make a sensible decision following much deliberation.
CyprusA Site Visit to Prochoice in Cyprus Nobody Was Found in the Office
It has been attested by our investigation staff that the actual address of the Cyprus licensed company Prochoice is inconsistent with that declared by the supervision agency.
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Website
pro-choice.com.cy
Server Location
United States
Website Domain Name
pro-choice.com.cy
Server IP
192.185.97.244
Company Summary
| 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 |
Keywords
- 15-20 years
- Regulated in Cyprus
- Straight Through Processing(STP)
- Suspicious Scope of Business
- Medium potential risk
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