Under Companies Law, Chapter 113, Prohoice stockbrokers, is a limited liability private company (Registration number: HE228429). It is a member of the Cyprus Stock Exchange (CSE) and a remote member of the Athens Stock Exchange (ASE). Besides the markets of Cyprus and Greece, Prohoice stockbrokers provides you with the opportunity to invest in commodities, currency, financial indicators and international shares through CFDs (Contracts For Difference).
Note: The information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
What is ProChoice？
ProChoice is a reputable financial services provider offering a wide array of investment opportunities and trading solutions to clients. As a regulated entity under the oversight of the Cyprus Securities and Exchange Commission (CYSEC), ProChoice enables investors to access various financial instruments, including shares, corporate bonds, and government bonds.
With a focus on empowering traders, ProChoice provides a user-friendly online trading app equipped with real-time market data, advanced charting tools, and customizable features. Moreover, ProChoice offers resources such as company news and updates to keep clients informed about market developments.
Pros & Cons
Pros Regulated by CYSEC: Being regulated by the Cyprus Securities and Exchange Commission (CYSEC) ensures that ProChoice operates within established standards, providing clients with a level of security and trust.
Diverse Range of Trading Instruments: ProChoice offers a variety of trading instruments, including shares, corporate bonds, and government bonds, enabling clients to build diversified portfolios tailored to their investment goals.
Transparent Fee Structure: With a transparent fee structure, clients can easily understand the costs associated with their trades, enhancing clarity and reducing unexpected expenses.
User-Friendly Trading App: The ProChoice Online Trading App offers a seamless and intuitive platform for executing trades, providing real-time market data, advanced charting tools, and customizable trading options.
Timely Company News and Updates: Clients have access to timely company news and updates, empowering them with relevant information to make informed investment decisions based on corporate events, financial results, and industry trends.
Comprehensive Customer Support Network: ProChoice offers a comprehensive customer support network through phone, fax, email, and address, ensuring accessibility and assistance for clients through various communication channels.
Cons No Promotions Available: The absence of promotions or incentives for new clients can make the brokerage less attractive compared to competitors who offer bonuses or reduced fees as part of promotional campaigns.
Is ProChoice Safe？
ProChoice is regulated by the oversight of the oversight of the Cyprus Securities and Exchange Commission (CYSEC), holding license No. 100/09. This regulatory framework ensures that the company adheres to stringent standards designed to protect investors and maintain the integrity of the financial market. By adhering to the regulations, ProChoice ensures that its operations are conducted with the utmost professionalism and accountability, instilling confidence in its clients and stakeholders.
What are Securities to Trade with ProChoice？
ProChoice provides a diverse range of trading instruments to cater to the investment needs and preferences of its clients. These include shares, corporate bonds, and government bonds, offering investors the opportunity to build diversified portfolios across various asset classes.
Shares allow investors to participate in the ownership of companies, providing potential for capital appreciation and dividends. Corporate bonds offer fixed-income opportunities, allowing investors to lend money to corporations in exchange for regular interest payments and eventual repayment of the principal amount. Government bonds, on the other hand, are debt securities issued by governments, typically considered low-risk investments with fixed interest payments.
ProChoice Fees Review
ProChoice offers a transparent and competitive fee structure tailored to meet the needs of its clients. For Prochoice online trading and the reception and transmission of orders, commissions typically range from 0.5% to 1.50%. Additionally, for safekeeping and administration of financial instruments, including custodianship services, a yearly fee of €30.00 applies. However, it's worth noting that in some cases, Prochoice may negotiate specific commissions with clients.
For transactions on the Cyprus Stock Exchange (CSE) and the Athens Stock Exchange (ASE), various fees are charged based on the type of financial instrument and market. These include a percentage fee ranging from 0.0325% to 0.08% depending on the market, along with fixed fees per trade. Moreover, a minimum commission of €0.50 is applied per stock transaction in the CSE and ASE.
More specific fee structures can be found on their official website through the provided link: https://www.pro-choice.com.cy/images/pdf/charges-cse-and-ase.pdf or the attached screenshot.
ProChoice App Review
ProChoice empowers traders with its ProChoice Online Trading App, providing a seamless and intuitive platform for executing trades anytime, anywhere. The app offers a user-friendly interface with robust features, including real-time market data, advanced charting tools, and customizable trading options. Traders can stay updated on market movements, access a wide range of financial instruments, and execute trades with ease and precision directly from their mobile devices.
Research & Education
ProChoice provides clients with access to timely and relevant company news to keep them informed about developments that may impact their investment decisions. Through its comprehensive news platform, ProChoice delivers updates on corporate events, financial results, strategic announcements, and industry trends. This invaluable resource allows investors to stay abreast of key developments within companies they are interested in or have invested in, helping them make informed decisions about buying, selling, or holding securities.
Customer Service
ProChoice provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.
Address: Ariadnis 21 Street, Patsias Court 25, 2nd Floor, Office 202, 7060 Livadia Larnaca
Tel: 00357-24661192
Fax: 00357-24662464
Email: backoffice@pro-choice.com.cy
Conclusion
In conclusion, ProChoice emerges as a reputable brokerage firm, regulated by CYSEC, offering a diverse range of trading instruments, including shares, corporate bonds, and government bonds. With a transparent fee structure and a user-friendly online trading app, clients can navigate the financial markets efficiently and make informed investment decisions. The provision of timely company news and updates enhances the trading experience, empowering clients with valuable insights into market trends and developments.
While ProChoice lacks promotional offering, its comprehensive customer support network ensures that clients receive the assistance they need. Overall, ProChoice stands as a reliable option for investors seeking a trustworthy platform to manage their investment portfolios. Now, the ball's in your court when it comes to choosing whether to go with this broker or explore other options. Hopefully, this review has shed some light on your decision-making process.
FAQs
Is ProChoice suitable for beginners？
ProChoice is suitable for beginners due to its user-friendly platform, transparent fee structure, and comprehensive customer support.
Is ProChoice legit？
Yes, ProChoice is regulated by the Cyprus Securities and Exchange Commission (CYSEC).
What trading instruments are available on ProChoice？
Shares, corporate bonds, and government bonds.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
Cyprus
