Prochoice

Overview of Prochoice

ProChoice, founded in 2009 and headquartered in Cyprus, is a reputable brokerage firm regulated by the Cyprus Securities and Exchange Commission (CySEC). Specializing in brokerage services for the Cyprus Stock Exchange (CSE) and Athens Stock Exchange (ASE), ProChoice offers competitive commission rates ranging from 0.5% to 1.50% for online trading, with a minimum fee of €0.50 per stock transaction. The company also provides safekeeping and administration services for financial instruments at an annual fee of €30, alongside transaction fees that vary based on market and security type. With dedicated customer support via email, phone, and fax, as well as access to company news, ProChoice is committed to providing transparent and efficient trading services to investors.

Is Prochoice Legit？

Prochoice is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 100/09. As a Straight Through Processing (STP) license holder, Prochoice operates under the regulatory framework established by CySEC, ensuring compliance with financial laws and standards. This regulation provides assurance to clients of a regulated environment conducive to fair and secure trading practices.

Pros and Cons

ProChoice stands as a regulated brokerage firm specializing in stock exchange trading, offering diverse investment opportunities and dedicated customer support. However, while competitive, commission rates may be comparatively high, and additional fees could impact overall trading costs. Moreover, the limited availability of educational resources beyond company news may pose challenges for clients seeking comprehensive market insights.

Products and Services

Prochoice stockbrokers following approval by the Cyprus Securities and Exchange Committee (CySEC) provides the following investment services relating to the Cyprus Stock Exchange (CSE) and the Athens Stock Exchange (ASE).

Fees

Prochoice charges commissions ranging from 0.5% to 1.50% for online trading and Reception & Transmission of orders, with a minimum commission of €0.50 per stock transaction on the Cyprus Stock Exchange (CSE) and Athens Stock Exchange (ASE). For safekeeping and administration of financial instruments, an annual fee of €30 is applied. Transaction fees on the CSE and ASE vary based on market type, with additional fixed fees per trade and per transaction type.

How to Open an Account

To open an account with Prochoice, follow these steps.

1. Determine whether you are a natural person or a legal entity to obtain the appropriate account opening forms.

2. Fill out all required forms accurately and completely, ensuring all information is provided as requested.

3. If you intend to engage in electronic transactions, also complete the 'complementary form' found in the Online trading section.

4. Personally submit the fully completed forms to the ProChoice offices located at Stratigou Timagia 15, Linda court 1st Floor, 6051, Larnaca, Cyprus.

5. For any further information or inquiries, reach out to ProChoice via email at backoffice@pro-choice.com.cy or by calling their Client Services unit at (+357) 2466192.

Customer Support

Prochoice provides comprehensive customer support through various channels. Clients can reach the company via telephone at +357 24661192 or through fax at +357 24662464. Additionally, inquiries can be sent via email to backoffice@pro-choice.com.cy. The company's registered office is located at Ariadnis 21 Street, Patsias Court 25, 2nd Floor, Office 202, 7060 Livadia Larnaca.

Educational Resources

Prochoice provides educational resources in the form of company news related to financial transactions, including public takeover bids, investor instructions, and acceptance forms. These resources aim to keep investors informed and facilitate their participation in financial activities.

Conclusion

ProChoice offers a regulated and specialized platform for trading on the Cyprus and Athens Stock Exchanges, backed by dedicated customer support. While advantageous for its regulatory compliance and focus on specific markets, including diverse investment opportunities, the platform does have some drawbacks. Clients may face relatively high commission rates and additional transaction fees, potentially impacting overall trading costs. Additionally, the limited availability of educational resources beyond company news may pose challenges for clients seeking comprehensive market insights. Nonetheless, ProChoice remains a viable option for investors seeking regulated brokerage services with access to stock exchange trading and reliable customer support.

FAQs

Q: How can I open an account with ProChoice？

A: To begin trading with ProChoice, simply visit our office in Cyprus and fill out the necessary forms, depending on whether you're an individual or a corporate entity.

Q: What are the commission rates for trading with ProChoice？

A: ProChoice offers competitive commission rates ranging from 0.5% to 1.50% for online trading, with a minimum charge of €0.50 per stock transaction.

Q: Can I trade on both the Cyprus and Athens Stock Exchanges with ProChoice？

A: Yes, ProChoice specializes in brokerage services for both the Cyprus Stock Exchange (CSE) and the Athens Stock Exchange (ASE), providing access to a wide range of investment opportunities.

Q: How do I contact ProChoice for customer support？

A: You can reach ProChoice's customer support team via email at backoffice@pro-choice.com.cy or by phone at (+357) 2466192.

Q: Does ProChoice offer any educational resources for investors？

A: While ProChoice primarily provides company news for investors, we're continuously working to enhance our educational offerings to provide more comprehensive market insights.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that 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.