Fxchoice review

Smart investors always review a few different forex brokers, before making a final decision.

Actual forex bonuses

There are many licensed forex / CFD brokers, and usually your country of residence determines which broker is the best for you, read more. When reviewing forex broker, the first thing that investors look for is a valid brokers license. The reason smart people use a licensed broker is because in the event that the broker goes out of business, your money is protected.

Fxchoice review

Fxchoice is an offshore CFD forex broker, that is owned by FX choice limited.

For withdrawal problems and complaints, read this.

FX choice broker review

Our review of fxchoice finds, that this forex CFD broker offers their clients the metatrader platforms. They have metatrader4, metatrader5, web based trading, and mobile trading platforms for ios and android. Automated trading can be done via; MQL5 trading signals, myfxbook autotrade, expertadvisors (eas) and via a VPS (virtual private server).

As a global broker their website is available in the following languages; english, german, czech, greek, spanish, farsi, portuguese and thai.

Spreads start from as low as 0 pips, and the maximum leverage they offer is 1:200. The minimum deposit is $100 for classic trading accounts, plus they offer free demo accounts. You can choose between a pro account or classic account depending on your trading style and the main difference is spreads and commissions.

Fxchoice license & regulation

When reviewing forex broker, the first thing that investors look for is a valid brokers license. The reason smart people use a licensed broker is because in the event that the broker goes out of business, your money is protected.

Fxchoice is licensed in belize by the IFSC with license number IFSC/60/191/TS/16, see here. Their payment processor is; best solution EOOD osogovo № 30, office 501, district sofia, 1303, sofia, bulgaria.

Officially located at: corner hutson & eyre street, blake building, suite 302, belize city, belize. Their customer support phone number is: +52 558 526 8032 (mexico), or belize: 011-501-227-2732 . The contact email address is: [email protected] . Official website: https://en.Myfxchoice.Com/.

Compare fxchoice

Smart investors always review a few different forex brokers, before making a final decision. There are many licensed forex / CFD brokers, and usually your country of residence determines which broker is the best for you, read more.

Forex.Com is a popular forex and futures broker that is registered with the CFTC and a member of NFA, see here. They offer a robust web trader platform, along with MT4 and a desktop trading software.

You should try out their free demo accounts, signup here.

What was your experience trading with fxchoice? Did your withdrawal get processed quickly? Please write your review in the comment section below.

Fxchoice review

Fxchoice

Myfxchoice is a forex broker. My FX choice offers the MT4, MT5 and MT mobile trading currency platforms. Myfxchoice.Com offers over 35 currency pairs, cfds, commodities, indices, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

Other websites of this company include fxchoice.Com

Broker details

established:	2010
address:	corner hutson & eyre street, blake building, suite 302,belize city, belize
contact:	info@myfxchoice.Com, 52 558 526 80 32
regional offices:
regulators:	IFSC #IFSC/60/191/TS/19
prohibited countries:

deposit methods:

VISA, mastercard, astropay, bitcoin, epayments, ether/ethereum, fasapay, neteller, paysafe card, perfectmoney, poli, qiwi, rapid pay, skrill, unionpay

Live discussion

Join live discussion of myfxchoice.Com on our forum

Myfxchoice.Com profile provided by george, jul 13, 2018

Fxchoice is a global broker specialising in cfds and forex for private and institutional clients, not to mention fund managers. The company offers the tried-and-tested platforms of MT4 and MT5, with trading on the go also available via mobile apps. Fxchoice prides itself on its customer service, aiming to be the industry's best.

Video

Let other traders know if this service is worth checking or should be avoided.

Traders reviews

We are extremely disappointed to read your untruthful review.

Firstly, let’s address your trading claim, then we’ll address your claim that we ignored your ticket.

You simply misunderstood that SELL orders are closed at the ASK price, not the BID price. This is a common mistake among newbie traders. We recommend you right-click inside the metatrader chart area, click ‘properties’, then select the tab ‘common’. You can then select ‘show ask line’ and hit ‘OK’. This will display the ASK price on your charts, as well as the BID price.

You said that ‘we looked at the ticket and closed it’. This is not the truth. We will lay out the chronological order of your complaint with timestamps:

1. 00:42 – client opens ticket
2. 00:45 – client adds screenshots to the ticket
3. 00:47 – 1st client demand for response
4. 00:52 – 2nd client demand for response
5. 00:56 – client enters live chat and communicates with our staff
6. 17:31 – we responded to the ticket and closed it

As can be clearly seen, we did not ‘look at the ticket and close it’. You opened the ticket and demanded that we answer you within 10 mins; our standard response time is within 24 hours, not 10 mins. Then you spoke with our colleagues in live chat, who explained to you that you’d made a simple mistake, but IT would respond more formally later that day, which they did and then closed the ticket.

We can only hope that other readers of this review can deduce that you have written this review based on a deceiving statement and lack of trading knowledge.

Length of use: over 1 year

Many thanks for your review.

Over the holiday season, our spreads did indeed widen due to decreased liquidity in the markets, but this is seasonal and happens every year, and probably at every broker. We believe our spreads are very competitive; you may notice that our spreads have normalised after the holidays.

Best wishes and happy trading!

Length of use: over 1 year

If you are a current U.S. Client you won't have any problems with this broker they are honest and trustworthy

Oct 9, 2020 - no rating fxchoiceno longer accept U.S. Traders, sad to see them leave the U.S. Market

Aug 26, 2020 - 5 stars fxchoice have lower their margin call and stop out level on their pro account , love this broker, keep up the good work

Mar 16, 2020 - 5 stars fx choice is the most trustworthy offshore broker for all traders they pay withdrawals on time and never no funny business with my trading , keep up the good work fx choice

Jun 24, 2019 - 5 stars keep up the good work you guys are the best out there, great service and always pay withdrawals

Mar 8, 2019 - 5 stars great broker i been a supporter of fxchoice for many years i wish they would lower their margin call/ margin stop: 100/80 on their pro account to maybe margin call/ margin stop: 70/50 or lower.

Jan 15, 2019 - 5 stars so i decided to stay with FXCHOICE, there are brokers with better spreads but i can't trust them, fxchoice always pay withdrawals and do so very fast . A broker that pays withdrawal small and large outweigh better spread brokers any day.

Dec 14, 2018 - 4 stars fxchoice is a great broker but i must move on, i trade the classic account because of the lower margin call / stop out levels, i must move on because the cost of doing business is just to expensive with the higher spreads and the swap rates are killing my profits.

Jul 4, 2018 - 5 stars best damn broker for U.S. Traders.
Customer service is the best, deposit and withdrawal top notch and very trustworthy. For U.S. Traders this is the broker you want and need.

Jun 14, 2018 - 5 stars im very concern that FXCHOICE has been throttling connections of traders, they are a good broker but they might be doing something to cover there butts . There update on myfxbook and other has been very slow

Mar 25, 2018 - 3 stars epayment no longer except US citizens. And you can't convert your bitcoin to fiat currency so where back to depositing by wire transfer with fxchoice. I hope they find better payment options, not everyone has 2K to wire just to get the fee back.

Nov 25, 2017 - 4 stars need to add paypal as deposit, i like bitcoin but at the moment can't convert bitcoin to my USD account, also would be nice if they can add credit card deposit , other then that the best broker for U.S. Traders

Oct 5, 2017 - 5 stars they made my dream come true, you no longer have to have a bitcoin trading account to withdraw with bitcoin. Thank you fxchoice

May 17, 2017 - no rating question for fxchoice, on your website it say you take bitcoin for deposit but it don't say if you allow withdrawal with bitcoin

Mar 11, 2017 - 4 stars will give 5 stars if they had credit card deposit, other then that they are a good broker, they had credit card deposit just last month don't know what happen to it

Reply by george submitted may 19, 2017 hello poundtrader,

Thank you for your message. Bitcoin is included as an option for depositing and withdrawing. Please visit our “deposits and withdrawals” page to see all of our payment methods. You can find this page under the “accounts” tab from the main menu. You can click on each one of the payment options to read details such as process, instructions and other information.

Should you have any further questions or need assistance, please do not hesitate to contact us.

Reply by george submitted dec 11, 2017 dear poundtrader,

Thank you again for another valuable review. As we have explained in similar comments by other users, bitcoin deposits to a fiat-denominated account (such as USD and EUR) are currently suspended until further notice.

Please note that for our US clients we reimburse any wire transfer fees for deposits of $1000 and over.

Reply by george submitted may 15, 2018 dear poundtrader,

Thank you for your message.

We are sorry that a third-party company has affected your experience trading with us. Please note that our clients can deposit and withdraw bitcoin and bitcoin cash to/from the corresponding accounts. If you want to make a smaller deposit, we would recommend that you open a bitcoin-denominated (or bitcoin cash-denominated) account and fund it with bitcoin (bitcoin cash).

As per your concern about the wire transfer amount, US clients can deposit only $1,000 to qualify for bank fee reimbursal.

We are working on adding new payment methods for our US customers and will keep clients informed of any progress.

Meanwhile, should you have any questions, our support team will be glad to assist you. Please accept our sincere apologies for the delay in response regarding the technical issues with the website’s (FPA) reviewing system.

Reply by george submitted jun 19, 2018 hello poundtrader,

Thank you for your review and close attention to our services. We would do our best to help you solve your connection issue if you could share more details of your particular case with our support team. Nonetheless, we can assure you that our server connection is stable and the issue should be not from our end.

As per your concern about myfxbook updates, we cannot be held responsible for third-party service quality. We recommend you address your request directly to the system in question.

Our support team is always there to assist you.

Reply by george submitted dec 20, 2018 dear poundtrader,

Thank you once again for sharing your feedback here.

We are sad to hear that you are having to move on due to spreads and swap rates. We believe that we offer some of the most competitive trading conditions as an STP broker. We would like to point out that our pro account spreads are very competitive and that you can even gain by reducing commission using our loyalty programme ‘pips plus’. For more information about our loyalty programme, please visit our pips plus page which you will find under the trading services section from the menu.

Additionally, if you contact our customer service, we will be more than happy to look into your account and discuss your trading strategy, so that we can recommend the best trading account to suit your requirements.

Reply by george submitted jan 29, 2019 dear poundtrader,

We are delighted to hear that you have decided to stick with us. We appreciate your loyalty and thank you very much for trusting us. We do our very best to ensure the smoothest and fastest possible transactions in order to enhance our client’s trading experience.

Fxchoice review

Launched in 2010, fxchoice is a belize regulated online broker accepting clients worldwide. They offer some competitive trading conditions such as flexible leverage, accounts and trading platforms for all levels of trader.

Fxchoice review, pros & cons

Pips+ programme

No debit balance guarantee

Free VPS

Commission free accounts

Electronic communication network (ECN)

Non-dealing desk (NDD)

Multiple funding options

Limited non-FX cfds

No fixed spread accounts

Limited educational materials

Only regulated in belize

Does not accept USA clients

In this detailed fxchoice review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Fxchoice is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including fxchoice.

Fxchoice review: summary

Launched in 2010, fxchoice is a true electronic communication network (ECN) broker that offers traders across the globe competitive fees and good trading conditions on multiple assets across a wide range of markets including forex, commodities, cryptocurrency, stocks, shares, indices, metals, energies & cfds.

Fxchoice execute a trade every 4 seconds on average with daily transaction totalling over 15,000. They are always looking to further improve trading conditions by incorporating new technology to ensure tight spreads and fast execution.

They are committed to providing ethical business practices, a safe and reliable trading environment with excellent customer service to give clients a trusted and transparent trading experience. This is backed by non-dealing desk (NDD) technology so no conflict of interest and dedicated security for client’s funds.

Fxchoice have won awards for their friendly and multi-lingual customer service. Clients are made to feel welcome, with no question too big or small and a dedicated support team on hand to assist you in the best possible way. Online reviews are very positive overall with good feedback from multiple respected sources.

Fxchoice review: feedback

Fxchoice review: regulation

The fxchoice brand is part of FX choice limited who are authorised and regulated by the international financial services commission of belize (IFSC). With only this offshore regulation, clients may not have the same protection in the event of any disputes or insolvency as they would with a broker who is regulated by a more established regulatory authority.

That being said, fxchoice hold client funds in segregated accounts that are separate from their own company accounts and can therefore not be used for any other purpose.

There is an internal risk management team who monitors management operations to ensure that they comply with regulatory policies.

They have a no debit balance guarantee which means that your trades will automatically be closed before your account balance becomes negative. Should this safety mechanism not work due to extraordinary circumstances, they claim to zero your account balance.

Fxchoice review: countries

Due to offshore regulations, fxchoice are able to accept clients from most countries excluding the united states. They also do not accept clients from afghanistan, belize, iraq, italy, north korea, spain, sudan, syrian arab republic, guam, northern mariana islands, puerto rico, U.S. Virgin islands, united states minor outlying islands and american samoa.

Some fxchoice broker features and products mentioned within this fxchoice review may not be available to traders from specific countries due to legal restrictions.

If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers australia, best brokers south africa, best brokers canada or our best brokers for all other countries.

Fxchoice review: trading platforms

Fxchoice offer the worlds most popular trading platform – metatrader 4 (MT4). They also offer metatrader 5 (MT5) which has new features for more advanced trading. Most brokers are still offering MT4 whereas MT5 has not yet reached the same level of popularity as its predecessor.

Fxchoice review: metatrader 4 & 5 compared

Metatrader 4 (MT4)

MT4 was developed by russian company metaquotes and has won multiple awards. The fxchoice version of MT4 combines the platforms standard features with real-time price feeds from global markets, fast execution speeds, competitive conditions and interbank liquidity.

MT4 is suitable for all levels of trader. It has a user-friendly interface and multiple built in tutorials for beginners whilst having a great range of technical indicators and functions for the more advanced traders.

MT4 tools include technical indicators for analysing charts, multiple chart time frames, multiple order types, strategy templates, automated trading via expert advisors (eas), custom indicators and much more.

The fxchoice website includes videos with useful tips on how to use MT4. MT4 is available on desktop (windows / mac), web and mobile (iphone / ipad / android / tablet).

Fxchoice review: metatrader 4 (MT4)

Metatrader 5 (MT5)

MT5 is not just a new version of MT4, but rather a completely new platform with new features that build upon the success of MT4. For those familiar with MT4, the most important features are still there with a few more to enhance the overall trading experience.

MT5 features include more order types, depth of market display, additional indicators, additional time frames and a powerful EA testing environment with real tick data.

MT5 is available on desktop (windows / mac), web and mobile (iphone / ipad / android / tablet).

Fxchoice review: metatrader 5 (MT5)

Metatrader mobile

Fxchoice offer both MT4 & MT5 platforms for mobile trading which is useful for those who need to trade on the go whilst away from their computer. You can access the platforms on your android or ios device to follow the markets and manage your positions. The metatrader apps are available free to download from the relevant app store.

Web terminal (MT4 & MT5)

The web terminal, available for both MT4 and MT5 users, allows you to trade via a browser without the need for downloading and installing any software.

Users can trade directly from their fxchoice account in their preferred browser, saving time and hard drive space. You simply log in to your account and start trading via the web terminal.

The web platform’s interface is similar to the award-winning desktop version and is therefore just as easy to use. The following functions are available in the web terminal:

All trading operations: placing market and pending orders

One-click trading (MT5 web terminal only)

Real-time quotes displayed in the market watch

Fully customisable price charts

9 chart time frames

Basic analytical objects: horizontal, vertical and trend line, channels and fibonacci lines

Universal access to trading activity

Web terminal is supported on the following browsers, internet explorer, microsoft edge, mozilla firefox, google chrome, safari & opera.

Fxchoice review: web terminal (MT4 & MT5)

Fxchoice review: trading tools

Fxchoice have a variety of third-party tools that can be used by clients looking for flexibility and assistance with their trading activities. Some of these tools are automated and will copy signals from other traders. It is imperative that you understand the risks involved with trading and do not take historical performance as a reference for future results.

MQL5 signals

Metaquotes, the developers of the metatrader 4 & 5 platforms, offer a unique trading signal service which allows clients to copy the trades of other signal providers. You may also offer your own trading signals through this service.

The signal service is built into the metatrader platforms and requires no additional third-party software installation. Signals can be used as they are or alongside your own manual and automated trading systems. There is a large base of signal providers to choose from for a weekly or monthly fee and trades are copied directly to your platform.

The fxchoice website contains an easy to follow and well explained tutorial video showing how to subscribe to the signals.

Fxchoice review: MQL5 signals

Myfxbook autotrade service

This service allows you to copy signals of traders who have their accounts published on the popular social trading website myfxbook. You can browse through the different accounts, review performances and choose to mirror the trades of any account without any additional software required. In order to be able to use the myfxbook service, your fxchoice account must be funded with at least $1,000.

Fxchoice review: myfxbook autotrade

Fxchoice VPS

Fxchoice offer clients their very own VPS (virtual private server). A VPS is your own dedicated source of stable power and resources that allows you to run your trading platform 24/7. This can be useful if it is not possible to have your computer on all the time and you wish to run an automated system. It is also useful for potentially reducing latency by using a VPS located nearer the trade servers, which can increase execution speeds.

Fxchoice clients who have a balance of $3,000 or more and trade at least 5 lots during each monthly billing cycle can claim a free VPS. The VPS comes with metatrader pre-installed.

Live economic calendar

The economic calendar keeps you up to date with the latest market news events that are taking place. You can set the calendar to your own time zone and indicate your country and sector preferences to only see news relevant to you. Using the news calendar can help with fundamental analysis and making informed trading decisions. The service is free to clients and available from within the fxchoice back office.

Fxchoice review: economic calendar

Pips+ programme

The pips+ programme is a way for active traders to reduce their trading costs. The programme consists of five tiers and all MT4 & MT5 pro account holders are automatically enrolled.

Fxchoice review: pips plus loyalty programme

As you work your way up the tiers, the trading commissions decrease. To upgrade through the tiers, clients can increase trading volume or deposit more equity.

Fxchoice review: pips+ programme

Fxchoice review: education

Whilst there are some faqs covering general questions and some basic market and platform questions, fxchoice do not currently have a dedicated educational section on their website. Should you wish to learn more about trading, website such as babypips.Com and forexfactory.Com are popular amongst the trading community.

Fxchoice review: trading instruments

There are a wide variety of forex & cfds available to trade, catering for all different types of trader.

Forex cfds specifications

The forex market is the world’s largest financial market, with over $4 trillion passing through it every day. This large volume brings about liquidity and flexibility for a trader’s strategy. There are over 35+ major, minor and exotic FX currency pairs to trade through fxchoice. This includes the popular EURUSD, GBPUSD, USDCHF & USDJPY currency crosses.

Fxchoice review: forex cfds specifications

Crypto cfds specifications

Cryptos are online currencies based on complex mathematical algorithms that have continued to increase in popularity over recent years. Trading crypto cfds allow an investor to speculate on them without actually directly owning them. As they are decentralised, cryptos are independent from government interference. Fxchoice offer some of the most popular cryptos, including bitcoin (BTC), litecoin (LTC), ethereum (ETH).

Fxchoice review: crypto cfds specifications

Indices cfds specifications

Index cfds are often seen as a way to diversify a portfolio because rather than investing in one company, you are investing in multiple companies throughout a specific market sector. Fxchoice offer index cfds on ustechindex, us500index, us30index, uk100index, japanindex, DXY, de30index.

Fxchoice review: index cfds specifications

Commodity cfds specifications

Commodity cfds allow you to speculate on a commodity such as precious metals (gold, silver), energies (oil, gas), without actually having to own the underlying asset. These are often considered as safe havens and included as part of a diversified portfolio.

Fxchoice review: commodity cfds specifications

Fxchoice review: trading accounts & fees

Fxchoice have two main account types, the classic and the pro. If you wish to use MT5 and have all trading instruments, you will need to open a pro account.

MT4 classic account

The classic account has commission built into the spreads, which start from 0.5 pips. Spreads will tend to be higher due to the account being commission free, but this can help simplify calculating trading costs. Minimum deposit required is $100, minimum lot size 0.01, maximum lot size 1000 lots, leverage up to 1:200, hedging/scalping/eas allowed.

MT4/5 pro account

The pro account charges an additional commission up to $3.5 on top of the spreads which come from direct market liquidity provided by some of the largest banking institutions in the world. Spreads will tend to be significantly tighter than on the classic account and start from just 0 pips. If your strategy requires tight spreads this may be your account of choice.

Another distinguishing feature of the pro account is that they boast a significantly wider selection of tradable instruments. Minimum deposit required is $100, minimum lot size 0.01, maximum lot size 1000 lots, leverage up to 1:200, hedging/scalping/eas allowed.

Multi-account management (MAM) account

Fxchoice offer a MAM service to experienced traders who have their own client base and wish to trade on their behalf. A MAM account is a propriety account that enables competent traders to manage funds for an incentive fee that is dependant on the account’s performance. You can submit the application on the website if you wish to apply for an fxchoice MAM account.

Fxchoice review: multi-account management (MAM) account

As broker fees can vary and change, there may be additional fees that are not listed in this fxchoice review. It is imperative to ensure that you check and understand all of the latest information before you open a fxchoice broker account for online trading.

Fxchoice review: customer service

Competent and friendly multi-lingual global support is available 24 hours a day 5 days a week via online chat, telephone and email.

Fxchoice won the best customer service challenge award from the livehelpnow challenge which ranks the top 100 providers of superior customer service. These rankings are data-driven, based on metrics provided daily to client dashboards. Measured against 12 unique values, challenge winners are amongst some of the best customer service providers in their field. The achievement reflects the professionalism, skill, care and constant endeavour to provide better customer service. This is what defines companies who rank among the top 100 in a global field of more than 10,000 businesses.

Fxchoice review: award winning customer service

Fxchoice review: deposit & withdrawal

Fxchoice have several different ways to make deposits and withdrawals, focused on making it as easy and flexible as possible. The minimum deposit for all account types is $100 or the equivalent in another currency.

The method you choose may depend on how long it takes to process. If you want something quick then you may consider an online payment processor such as skrill or neteller. Please note that some methods may only be available to specific countries.

Some fees may be charged when using certain payment methods. Bank transfers may take a few business days to clear whilst some methods such as card payments can be instant.

Accounts can be opened in USD, EUR, GBP, CHF, AUD, CAD, gold, bitcoin, bitcoin cash, litecoin, ethereum and XRP. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

Fxchoice use advanced encryption technology to help guarantee your privacy and security when transactions are being processed. All communication data is encrypted using SSL technology (secure socket layer).

Fxchoice review: deposits & withdrawals

Fxchoice review: account opening

Opening an account with fxchoice is a quick and easy process. You simply complete the short online form and verify your email address. Following on from that you will need to submit some form of identification such as a passport scan and proof of residential address such as a utility bill. Once your account has been approved, you can make a deposit and commence trading.

Fxchoice review: account registration form

Fxchoice review: conclusion

Fxchoice is a flexible and transparent online broker that despite only being authorised and regulated in belize, still offer competitive trading conditions with reasonable fees to clients across the globe, excluding the USA and some other countries. The minimum deposit, leverage and trading platforms offered make them accessible to all levels of traders.

Forex, spread bets and cfds are leveraged products. They may not be suitable for you as they carry a high degree of risk to your capital and you can lose more than your initial investment. You should ensure you understand all of the risks.

Min $100 deposit

Launched in 2010, fxchoice is a belize regulated online broker accepting clients worldwide excluding the USA. They offer flexible leverage, accounts and platforms suitable for all levels of trader.

Fxchoice review

Fxchoice

Reason to avoid: no license

Listed date: august 13, 2018

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Beware fxchoice is a non-regulated broker. It is NOT SAFE to trade.

Fxchoice is a broker that offers forex and CFD trading. It is own and regulated by the fxchoice ltd. – offshore company, based in belize and regulated by the local international financial services commission (IFSC).

About fxchoice

��️ registered in	no registration
��️ type of license	no license
��️ is fxchoice safe to trade	no
��️ recommended licenses	FCA in UK �� & ASIC in australia ��
�� alternative broker	FP markets - licensed by ASIC in australia

Is fxchoice a regulated forex broker or a scam?

No, fxchoice broker is non-regulated broker. It is NOT SAFE to trade.While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

Belize as a gorgeous tourist destination, while also is a tax haven with a zero tax structure that established its own regulation for financial investment and forex firms licensing due to high demand and necessity of regulation. Ever since belize became a known offshore zone and forex hub, the destination attracted thousands of brokerages seeking an opportunity to be a legitimate firm, yet to skip complicated and costly established procedures. We have a detailed article explaining the risk of trading with brokers from belize.

We advise all investors and traders to avoid fxchoice and other brokers from belize. Traders should trade with well-regulated brokers such as UK brokers or brokers in australiaand reliable brokers such as FP markets and XM.Com.

You can also share your trading experience with fxchoice by commenting on this review.

Fxchoice review 2020 – is this a good forex broker?

Fxchoice (https://en.Myfxchoice.Com/) is a very popular, highly-rated online electronic communication network. It is an online broker that accepts worldwide members, even residents from the USA. Fxchoice provides flexible products, different accounts, and a straightforward platform that can benefit first-time and expert traders.

Fxchoice trades using forex, precious metals like gold and silver, cfds, CAD, and cryptocurrencies like bitcoin, bitcoin cash, ethereum, litecoin, and XRP.

Fxchoice headquarters and regulations

Fxchoice is headquartered in belize. It is a regulated body by the IFSC, a governing body that’s flexible in regulating forex brokers. It has also received different awards for its transparency. Fxchoice holds customer funds in various segregated accounts that are not part of their account and cannot be used for any other purpose.

Fxchoice employs an internal management team that monitors risks and other operations to guarantee compliance. There are no debit balance guarantees; therefore, your account will be automatically closed if your balance is negative.

Here is an insight review video of fxchoice;

Tools and training

To help users make smart trades, tools like charts and graphs are available. Beginner traders also have access to a variety of instructional content, articles, and market reviews. You’ll also get updated news and an economic calendar to help you manage your trades more efficiently.

Users may reach fxchoice through live chat and by call back. Another way is by submitting a ticket to their support team. Fxchoice customer support agents will contact you in a matter of a day, but excluding weekends. Just fill out a simple report form with your personal and account details and your message.

Fxchoice ensures that all transactions are safely and efficiently processed. They employ SSL technology encryption, password encoding, and all information they gather are not shared with any third party company.

Is there A fee to transact at fxchoice?

There is a fee to make a withdrawal or a deposit, but this is only a small fee.

What are the advantages of transacting with fxchoice?

The following are good reasons to trade with fxchoice:

A bonus is issued for every customer and is applied to a deposit when it is applicable.

There are different accounts available, and a trial/free live or a demo account is also available.

There are minimal fees for withdrawals and deposits.

Accepts US customers

Has many deposit and withdrawal methods available.

Will trade fiat currency, forex, options, and crypto, to name a few.

Uses reliable metatrader 4 and 5, the most updated platforms.

Is transparent and authorized/regulated

Some fxchoice disadvantages to consider

You must understand all the risks for forex, spreads, and cfds beforehand.

Not enough learning material for first-time users.

Has fees for deposits and withdrawals. May be minimum fees but still are fees.

You must have at least a $100 deposit to start trading.

Conclusion

Fxchoice is a popular, versatile, and transparent broker that operates online. It offers competitive fees and supports all types of transactions. It trades all over the world, but it has many blacklisted countries. But all-in-all, it is a reliable, efficient, and safe trading platform to use online. We recommend fxchoice.

Fxchoice review

Regulated by: IFSC

Headquarters: belize

Spread: 0.0 pips (EURUSD)

Leverage: 200:1

Minimum deposit: $100

Fxchoice is another offshore forex broker that accepts traders from the US. The broker was established in belize in 2010, and is regulated by IFSC in belize. Fxchoice claims that it is a real ECN broker which means that they never trade against their clients’ orders and they don’t profit from the clients’ loss.

Fxchoice was established in belize in 2010 and regulated by IFSC

The maximum leverage offered by fxchoice is 200:1 and the spreads are very attractive. Fxchoice clients benefit from the valuable features such as negative balance protection, automated trading systems, a wide range of deposit / withdrawal methods, an award-winning and multi-lingual customer service.

Is fxchoice reliable?

Having excellent experience as a forex and CFD broker for fund managers, private clients and institutional investors, fxchoice has been striving to deliver the best trading service and support to its clients for the last 10 years. The outstanding service won fxchoice the coveted livehelpnow exceptional customer service award five times in 2016 alone.

Fxchoice allows traders to invest in more than 40 currency pairs and a multitude of other cfds. And with the help of two excellent platforms, the broker provides its customers a distinct trading experience. As a matter of fact, fxchoice executes more than 15000 trade orders in a day through its NDD technology.

FX choice has its headquarters located in belize and operates under the supervision of international financial services commission (IFSC). IFSC is not one of the preferred regulators in terms of strict monitoring on the brokers under its jurisdiction. However, it concentrates more on the licensing process and code of conduct which ensures that fxchoice has to maintain maximum security for the clients’ assets. In addition, fxchoice implements the so called positive price correction rule which guarantees that the clients’ balance never becomes negative.

Account types

In terms of account types, fxchoice offers two different alternatives. The first account type is classic and the second one is pro. Those two account types differ from each other in a fundamental way. The classic type of accounts are completely commission free. Therefore, they come with higher spreads. On the other hand, pro accounts act like an ECN account which means that traders get lower spreads, however, with an extra commission paid per lot traded. Fxchoice offers corporate accounts along with the individual accounts so that you can register the account under your company if you prefer so.

Spreads as low as 0.5 pips on classic account

Fxchoice asks for is only $100 as the initial deposit for all account types. Spreads differ according to the account type. The spread for EURUSD on a classic account could be as low as 0.5 pips with no additional transaction fee or commission. Pro accounts have tighter spreads such as 0.0 pips on EURUSD. However, this low spreads come with an extra cost; $3.5 for each lot traded. The maximum level of leverage for each account type is 200:1 which is adequate compared to industry standards.

Trading platforms

Fxchoice offers a variety of options to its clients regarding the trading platforms. Metatrader 4, metatrader 5, and myfxbook autotrade are the trading platforms which fxchoice clients can choose from. As far as the MT4 and MT5 platforms are concerned, they not only offer access to the CFD and forex market but also allows customers to invest in the options and futures market. If you choose the MT5 platform, you are given the chance to buy and sell company stocks as well.

MT4 and MT5 platforms are coded with MQL programming and are equipped with auto-trading technology through the expert advisors (eas). MT4 is available for both desktop pcs and mobile phones. It also has a web version called the metatrader 4 terminal which enables you to login to your trading account and trade without installing any software. As for MT5, it’s available for fxchoice clients on desktop and smartphones.

In addition to the MT4 and MT5 platforms, fxchoice clients are granted access to the auto trading platform known as myfxbook. The myfxbook hosts an online forex social trading community where traders can follow and copy the trades of professional forex traders from all around the world. The myfxbook platform allows traders to copy the orders of the preferred traders directly to their MT4 account without any fee.

Another distinct service that fxchoice provides its customers is free VPS for the clients who have a minimum of $3000 balance or trade at least 5.0 lots on a monthly basis.

Deposit and withdrawal methods

Fxchoice allows its clients the use of different methods to deposit and withdraw funds. Those methods are credit card, debit card, e-wallets, fasapay, bitcoin, skrill, neteller, perfect money, epayments, trustly, astropay, and paysafecard.

Furthermore, customers will have the option to open trading accounts in various currencies including USD, EUR, GBP, AUD, CAD, and bitcoin.

Conclusion

Although fxchoice is an offshore forex broker, the broker is proving outstanding with regard to the excellent forex trading services and customer support that it offers. With more than a decade of experience in the industry, this NDD broker endeavors hard to give the customers the best trading conditions and customer assistance.

Fxchoice review in 2020 : everything you should know

Fxchoice overview

As a US or canada trader, getting the best offshore broker may seem like an exhausting task. You can relax on your search and enjoy this review as I present to you one of the regulated offshore brokers you can trade with. This review will be centered on “fxchoice”, a reputable non-us broker with a high reputation and flexible trading features.

Fxchoice overview
broker name	fxchoice
website	myfxchoice.Com
founded in	2008
broker type	offshore broker
US clients accepted	yes
FIFO rule / restrictions	no

Company information
headquartered in	corner huston& eyre street, blake building, suite 302, belize city, belize
regulations	belize regulated , IFSC
broker status	independent broker
platform type	STP,ECN
telephone number	+525585268032
email support	info@fxchoice.Com
website language	english,chinese,russian,japanese, spanish, polish, portugese, romanian, slovenian, hindi, hebrew, arabic.

FXCHOICE ACCOUNT TYPES

Fxchoice offers the trader a choice between two trading accounts that should satisfy your trading needs. All account types can be opened as either corporate or individual accounts and can also be traded in demo mode to sharpen your trading skills before using real money.

· classic accounts

With the classic account the commission is already built into the spread. This has been done for your convenience, because it simplifies the calculation of trading costs, which in turn simplifies the calculation of profit/loss.

Most expert advisors (eas) are not able to take into consideration the impact of commission, which makes this account type more suitable for EA users.

Minimum deposit: $100

Tight spreads: starting from 0.5 pips

Minimum lot size: 0.01 lots (1 000 units of base currency)

Maximum lot size: FX market – 1000 lots, cryptocurrencies – 5 lots

Maximum leverage: 1:200

Margin level for hedge/lock positions: 50%

Execution: NDD, market

Margin call/ stop out: 25/15

Tradable currency pairs: 38

Spot metals: gold, silver

Other instruments: CFD – indices, metals, commodities, energies, cryptocurrencies

Any eas permitted

· pro account

With this account spread and commission are charged separately. The fee structure on pro accounts corresponds exactly to that commonly adopted in the trading market, which is why spreads are significantly tighter compared to classic accounts.

This is extremely convenient if your strategy is based on tight spreads. An additional distinguishing feature of the pro account is that it boasts a significantly wider selection of tradable instruments.

Minimum deposit: $100

Tight spreads: starting from 0 pips

Commission: $3.5 per notional amount (per side) of $100 000

Minimum lot size: 0.01 lots (1 000 units of base currency)

Maximum lot size: FX market – 1000 lots, cryptocurrencies – 5 lots

Maximum leverage: 1:200

Margin level for hedge/lock positions: 50%

Execution: NDD, market

Margin call/ margin stop: 100/80

Tradable currency pairs: 38

Spot metals: gold, silver

Other instruments: CFD – indices, metals, commodities, energies, cryptocurrencies

Any eas permitted

How to open a trading account with fxchoice

Opening a fxchoice account is quite easy and straightforward since it’s an online process. Filling out your information and submitting copies of relevant documentation which include a copy of your government-issued ID, a document to verify your address such as a recent utility bill. It takes just a few minutes with approval of account taking only about 23 hours after which you can deposit your minimum amount of $100. Here is a step by step process of opening a fxchoice account.

· step 2: fill in your personal information which includes full name, email address, and a password of your choice.

· step 3: enter your phone number and confirm your phone and mail.

· step 4: click “open live account”

· step 5: verify your profile with the appropriate documents

· step 6: fund your account with at least the minimum deposit amount of $100.

FX choice review & rating | myfxchoice.Com forex broker

Trading accounts

Account type	minimum deposit	minimum trade size	maximum leverage	average spread
classic	$100	0.01	1:200	1.2 pips on EUR/USD
pro	$100	0.01	1:200	0.5 pips on EUR/USD + $3.86 per lot (per side)

Clients of FX choice are provided with a choice of two account types: classic and pro. The main difference between the two is that the classic one is commission-free, offering higher spreads, while the pro account is commission based and provides tighter spreads due to the ECN environment. Besides, only the pro account offers a choice of desktop platforms – metatrader 4 and metatrader 5.

What is more, traders can choose to open corporate or individual accounts.

The com pany. Security of funds

Fxchoice is a broker specialized in forex and CFD trading for private clients, institutional investors and fund managers. Having around a decade of experience in the forex industry, the brokerage strives to provide excellent service and customer support. In 2016 alone fxchoice was awarded the exceptional customer service accolade by livehelpnow on 5 occasions.

The broker offers trading in almost 40 currency pairs and various cfds (on indices, precious metals, commodities, energies) through two robust trading platforms. With their NDD technology fxchoice is executing around 15 000 digital transactions a day.

The company behind the brand, fxchoice ltd., is headquartered in belize and regulated by the local international financial services commission (IFSC).

IFSC has liberal control over forex brokers. Its supervision focuses on promulgation of regulation and a mandatory code of conduct, as well as the licensing process. Compliance-checking, reporting and on-going supervision are little emphasized.

Despite of the lack of strict regulatory rules, fxchoice places a special focus on security and keeps clients’ funds in segregated accounts, absolutely separate from their corporate ones.

What is more, this broker practices positive price correction. This practically means that even if traders actually slip into negative balances under extraordinary circumstances, fxchoice will simply zero out these balances.

Trading conditions

Minimum initial deposit

Unlike most forex brokers, who usually set up different initial investment for different account types, fxchoice demands $100 from both classic and pro account holders. This is a comparatively low initial investment for ECN environment.

Average spreads & commissions

This broker offers competitive variable spreads, which vary by account type. Nonetheless, trading costs on both accounts are similar, amounting to an average of 1.2 pips on EUR/USD per (ECN account holders are offered spread averaged 0.5 pips on EUR/USD incurring a commission of $ 7 per lot round turn). So, fxchoice’s pricing is pretty attractive

The maximum leverage level offered to fxchoice’s clients is 1:200, which is average for the industry.

Trading platforms

The broker supports several trading platforms: metatrader 4, metatrader 5, as well as myfxbook autotrade.

Both the MT4 and the MT5 offer access to the forex, contracts for difference (cfds), options and futures markets, but the MT5 also offers an option for trading in stocks. Both platforms use MQL programming languages and allow automated trading via expert advisors (eas). They offer advanced charting packages, trading and analysis tools, alerts, signals, and customizable indicators.

With fxchoice MT4 is available as desktop version, mobile apps and there is also a web-based version offered, called web terminal metatrader 4.

The MT5 was developed and promoted as an upgrading on MT4, yet many brokers still prefer the earlier technology, since many of MT4’s indicators and expert advisors (EA) are not supported on the MT5 platform. Lately, however, the metatrader 5 is gaining popularity among both traders and brokers, as the hedging option was added to it and a number of other enhancements were made. With fxchoice the platform is available as a PC version and mobile apps.

In addition to MT4 and MT5, fxchoice is offering the autotrade service operated by myfxbook. This is a social forex community and online automated analytical tool, by which you can copy the trades of any system you select, directly into your fxchoice metatrader 4 account, without any additional fees or software to install.

Besides, traders who keep a monthly balance of $3,000 or more at least 5 lots per month qualify for free VPS.

Like many other forex brokers, from time to time fxchoice offers its clients special bonuses.

Methods of payment

This broker provides a variety of payment methods to its clients: wire transfer, credit/debit card, e-wallets: skrill, neteller, fasapay, bitcoin, perfect money, epayments, trustly, astropay and paysafecard.

Accounts can be opened in USD, EUR, GBP, AUD, CAD and bitcoin.

Conclusion

Despite its looser regulation, fxchoice is a reliable award-winning NDD broker with more than 10 years of experience in the forex industry. It offers fast market execution and competitive trading conditions on a variety of trading platforms. To sum up the above, here are the pros & cons of fxchoice:

Pros	cons
competitive spreads	liberal regulation
pure NDD brokerage
low initial deposit for ECN environment
both MT4 and MT5 available
extra tools such as live economic calendar, VPS

Latest news about FX choice

Fxchoice launches affiliate competition with a $25,000 prize pool dec 18 2020 15:29:15

Fxchoice adds unionpay and astropay as payment methods aug 24 2017 07:35:50

Fxchoice temporarily cuts leverage for USDMXN pair aug 04 2017 11:34:24

Fxchoice comes up with a new loyalty programme, pips+ may 25 2017 07:13:15

Fxchoice launches new economic calendar feb 22 2017 08:57:02

FX choice launches refer and earn forex partnership program nov 17 2016 13:30:24

FX choice adds new currency pairs to pro forex trading accounts nov 17 2015 16:03:33

FX choice adds web version of MT4 forex trading platform nov 13 2015 16:00:33

FX choice offers free VPS to loyal traders jun 04 2013 13:10:53

Fxchoice ECN account review: A 5 star experience feb 17 2012 08:43:48

all news

FXTM a regulated forex broker (regulated by cysec, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

Fxpro is a broker we are particularly keen on: it’s regulated in the UK, offers metatrader 4 (MT4) and ctrader – where the spreads start at 0 pips, level II pricing and full market depth. And the best part? With fxpro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS mastercard is also available for faster deposits and withdrawals.

Fxchoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

Hotforex is a EU regulated broker, offering wide variety of trading accounts, including auto, social and zero spread accounts. The minimum intial deposit for a micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.

Fxchoice review

What do traders say about fxchoice ?

After doing some research, we found out that a lot of traders are reporting fxchoice and writting bad reviews about it.
It seems like they are not happy about it and they warn others not to trade with them.

It’s always important to know what other traders are thiking about a broker before using it and we can say that they are not saying good things about fxchoice.

What do regulators say about fxchoice ?

This is the most important thing you need to know about a broker before using it. Is fxchoice regulated ? Is it an offshore company ?

Most brokers are unregulated or regulated by an offshore regulation authority which won’t help you in case of problem. Keep in mind that if a broker steal your funds, you won’t be able to complaint about it unless they are licensed by a serious regulator such as the cysec (cyprus securities and exchange commission).

An unregulated broker is clearly not authorized to operate in any regulated country and you should definitely not put any money into it.

Fxchoice is an offshore broker owned by FX choice limited and located at corner hutson & eyre street, blake building, suite 302, belize city, belize.

They can be contacted by phone at this number : +525585268032 or you can send an email to info@myfxchoice.Com.

You should definitely avoid any unregulated or offshore broker and fxchoice is one of them.

Have you been scammed by fxchoice ?

Have you been victim of this company ? Did you lose money with them ? Everyone does mistakes. Don’t worry, you are not alone, and we are here to help you.

Our team of experts is available 24/7 in order to help you recovering your hard-earned money.
After asking you some questions, they will be able to build a chargeback case to fight the broker and get your money back as soon as possible.

Chargeback is the solution

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But what is a chargeback ?
A chargeback is the retroactive cancellation and refund of a charge made using your credit card.

Not a lot of people know that, but there is a high probability of getting your money back when you build a chargeback case as long as it is built correctly from the beginning to the end.

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so, let's see, what we have: fxchoice is an offshore CFD forex broker, that is owned by FX choice limited. For withdrawal problems and complaints, read this. FX choice broker review at fxchoice review