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FXChoice Review – Is FXChoice Scam or a Legit Crypto Broker?

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FXChoice Review - Is FXChoice Scam or a Legit Crypto Broker?

FXChoice

Summary

FXChoice is a broker for trading online through a quality and user friend online trading platform. You can read our FXChoice review today to learn all about them. We have given them a score of 4.1/5. You can visit their website and sign up through the link below to start trading.

FXChoice Review

FXChoice is considered as a reputable broker that has been successfully serving its customers all around the world since 2010. The broker provides a comfortable environment to the traders where they can trade according to their ease and convenience. The headquarters of FXChoice are located in Belize. The broker makes sure that a transparent and safe environment is provided to its clients.

Here is an elaborate FXChoice review that will help the readers to analyze the services provided by the broker and its dominant features that make it trustworthy among the traders.

Regulation and Security

Being regulated and looked upon by a regulatory body adds to the transparency and safety of a broker. The watchdog that is given the responsibility to look after any firm marks the benchmark of its authenticity. The brokers that are regulated are usually not allowed to manipulate the prices in the market.

FXChoice website

FXChoice is also a regulated broker that is working under the supervision of the International Financial Services Commission (IFSC). It follows the guidelines and rules that are set by the IFSC. In addition to that, it provides negative balance protection to its customers and makes sure that their assets and funds are kept in separate accounts.

Account Types

According to their need and trading profile, the traders are given the option to choose between the two account types offered by the FXChoice. These account types may include Classic account and Pro account.

The commission is integrated with the spread in case one goes for Classic account. On the other hand, if one opts for a Pro account, they are offered tight and competitive spreads. However, there are certain parts of the world where the broker does not provide its services such as in Sudan, Spain, Iraq, Afghanistan, North Korea and a few others.

Methods of Deposit and Withdrawal

To facilitate its customers, FXChoice provides a number of transaction methods to its customers. This helps in making the transactions easier and more feasible. The methods for depositing funds include E-payment methods such as Skrill, Neteller, EPay, wire transfer, debit and credit cards etc.

All these methods can also be used to withdraw money from the account. The minimum deposit limit that is set by the bank is 100 dollars. Some of the providers may charge a minimal fee depending on the payment method and country where the customer resides.

Spreads

Every type of account offered by FXChoice has its own demands and conditions. Therefore, it may result in difference in pricing of the accounts. The commission is included in the spread if the Classic account is chosen. However, the spreads may be different if the customer goes for the Pro account.

Customer Support

FXChoice customer support

An effective customer support service is very important part of choosing a broker for trading. The customers should be provided help at any time they ask for. This marks the efficiency level of the broker.

FXChoice is commonly known for its remarkable customer support service for its clients. The customers can access the team of the broker through live chat, email or the phone number provided on their website. The customer service is provided in multiple languages so that the customers in all major parts of the world can access the broker.

Trading Hours

The assets and commodities can be traded by using the platform of FXChoice in the specific trading hours mentioned on the website of the broker. Precious metals such as Gold and Silver, cryptocurrencies and forex can be traded from Monday to Friday at the time specified on the website. However, the trading time of Indices and oil may vary and can be known through the website.

Conclusion

FXChoice is a reputable broker that is striving to provide efficient services to the traders in all parts of the world. Using a number of advanced tools, the broker is striving continuously to provide convenient and feasible trading facilities to its customers.


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Cryptegrity DAO (ESCROW) is Now Available for Trading on Hotbit

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Cryptegrity DAO (ESCROW) is Now Available for Trading on Hotbit

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Hotbit Exchange, a global crypto trading platform, officially listed $ESCROW (Cryptegrity DAO) on January 27, 2023. The ESCROW/USDT trading pair is now available for all users of Hotbit Exchange.

To increase trust and protect the funds of buyers and sellers, Cryptegrity DAO (ESCROW) has introduced a means to trade crypto for goods and services without fear of theft or services not rendered, providing Security via smart contract technology. Its native token $ESCROW has been listed on Hotbit Exchange at 07:00 AM UTC on January 27, 2023, to expand its global reach further and maintain a secure and reliable platform for the exchange of goods and services using crypto.

INTRODUCING CRYPTEGRITY DAO

Cryptegrity is a blockchain-based platform that aims to increase trust between buyers and sellers of goods and services. The platform utilizes smart contract technology and cryptographic techniques to ensure transactions’ integrity and funds’ security. 

Cryptegrity’s web3 platform offers transparency and peace of mind that is impossible with traditional web2 competitors. Buyer funds are locked in an audited smart contract and released to the seller only when goods are received or services are rendered. This ensures that buyers and sellers can have confidence in the security of their transactions and reduces counterparty risk.

25% of revenue is distributed to $Escrow holders in real-time through smart contract technology. This revenue sharing continues for the lifespan of the platform or until all tokens are repurchased from public circulation. The Cryptegrity platform incentivizes the community and holders to help create liquidity and earn rewards by offering $Escrow for creating $Escrow LP pairs and staking them. Additionally, the Cryptegrity DAO rewards participants for contributing and resolving issues on the platform.

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In conclusion, Cryptegrity is an innovative platform changing our thoughts about online identity verification. With its cutting-edge technology, user-friendly interface, and listing on Hotbit, this project is poised to make a big impact in the industry.  

About $ESCROW Token

The Escrow Token serves dual purposes: it distributes platform fees to Token holders via revenue sharing and functions as a governance token with voting rights in the Cryptegrity DAO. It is the native token of the Cryptegrity Platform and is built on the Bep-20 and Erc-20 standards.

ESCROW has a total supply of 100 million tokens, with the following allocation: 10% to founders, 10% to the team, 10% for marketing and development, 10% for promotions, 10% for partnerships, 10% for liquidity for future DEX and CEX, and 40% available for sale to the public.

The ESCROW token is now available for trading on Hotbit Exchange starting at 07:00 AM UTC on January 27, 2023. Investors can easily buy and sell the token in relation to the Cryptegrity Project. The listing on Hotbit Exchange will aid in expanding the project’s reach and increasing market attention.

ABOUT HOTBIT

Founded in 2018 and holding Estonian MTR license, American MSB license, Australian AUSTRAC license, and Canadian MSB license, Hotbit cryptocurrency exchange is known as a leading trading platform that continues to develop and integrate various forms of businesses such as spot trading, financial derivatives, cryptocurrency investment and DAPP into one platform. Hotbit has already gained over 8 Million registered users from more than 210 countries and regions. Based on its globalized and unified strategies, Hotbit continues to focus on world’s emerging markets, such as Russia, Turkey and Southeast Asia markets and was ranked one of the top 3 most welcomed exchanges by Russian media in 2019. Hotbit is constantly introducing and listing high-quality crypto projects so its users can directly trade, manage, track, and analyze cryptocurrencies, making the entire experience easier for ordinary people.

Start Trading Now: Hotbit.io

Telegram: https://t.me/Hotbit_English 

Twitter: https://twitter.com/Hotbit_news


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Centralized Exchange Tokens Post Solid Gains in January Despite SEC Interest; Bitcoin, Ether, in the Red.

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Centralized Exchange Tokens Post Solid Gains in January Despite SEC Interest; Bitcoin, Ether, in the Red.


“If demand for trading on the FTX platform increased, demand for the FTT token could increase, such that any price increase in FTT would benefit holders of FTT equally and in direct proportion to their FTT holdings,” the SEC wrote in its complaint. “The large allocation of tokens to FTX incentivized the FTX management team to take steps to attract more users onto the trading platform and, therefore, increase demand for, and increase the trading price of, the FTT token.”


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Australian Government Flagged FTX Concerns Eight Months Before Downfall

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Australian Government Flagged FTX Concerns Eight Months Before Downfall

A new report shows that the fallen crypto exchange FTX had already caused concerns with the Australian regulator months before its collapse. According to a document on The Guardian Australia’s website, the ASIC (Australian Securities and Investments Commission) started investigating the firm’s local operation last March.

An article in the Australian Financial Review prompted the concerns. The article outlined the now-bankrupt exchange’s plans to launch in Australia within a few weeks. FTX caused more concerns when rumors that it would allow users to purchase cryptocurrencies with margin loans of 30 times their investment started making rounds.

In early April 2022, several Australian regulators held meetings with FTX leadership, and at that time, the exchange promised to operate under the stipulated while cautioning its customers about potential scams. However, the regulators somehow remained concerned about the FTX business.

Report Shows ASIC Issued Several Notices to FTX Australia Within a Few Months

In a span of four months, the ASIC had issued about four notices to FTX’s Australian subsidiary, requesting more information about its business operations. However, to avoid interfering with its law enforcement activities, ASIC did not issue the notices via a freedom of information request.

The Guardian Australia’s briefing document released on November 12, 2022, a day after FTX had filed for bankruptcy, indicates that, indeed, the ASIC had been carrying out what’s described in the document as a ‘surveillance activity’ on the fallen exchange since last March.

The document stated that since March 2022, the Australian regulator has been requesting information from FTX Australia regarding its financial offerings. Among the issues raised included the firm’s compliance with the ASIC’s product intervention order alongside pricing and how it registered new users.

FTX Licensing Strategy

It has been discovered that FTX Australian began its operations without ASIC’s approval because it evaded the usual licensing procedures by buying out an existing firm that had possessed an Australian Financial Services License since 2021.

Another revelation shows that IFS Markets, the company acquired by FTX, had also gotten the license by taking over another financial firm called Forex Financial Services a few months earlier.


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