FXChoice Review

FXChoice is a global forex and CFD broker established in 2010 by FXChoice Limited, a privately owned company, situated in Belize. It is authorized and regulated by theInternational Financial Services Commission (IFSC) in Belize.

Though FXCHoice is fully regulated and strictly supervised by the IFSC in Belize, Its international clients do not have the same protections in the event of disputes or liquidation on the part of the broker, as they would have with an EU or Australian-regulated broker.

Notwithstanding, FXChoice has been around for several years, and has continuously maintained a great reputation for treating their clients fairly as well as offering a well-rounded brokerage service with innovative trading solutions and services. These include industry trading platforms with EA capabilities, low trading fees, transparent fee structure with no hidden charges, a variety of asset classes, negative balance protection, segregated clients funds, low latency and fast order execution, free VPS solutions, and competent customer support available 24/5.

FXChoice Broker Details

BrokerFXChoice
Established2010
Head OfficeCorner Huston & Eyre Street, Blake Building, Suite 302, Belize City, Belize
RegulationsInternational Financial Services Commission of Belize (IFSC)
Publicly ListedNo
Broker TypeNDD, STP
Product OfferingCFD
Trading PlatformsWeb Terminal (MetaTrader), MetaTrader 4, MetaTrader 5, Mobile Apps (For iOS and Android devices)
Asset ClassesForex, Shares, Indices, Commodities, Cryptocurrency
Minimum Deposit$100 (or equivalent)
Account CurrenciesUSD, GBP, EUR, CAD, AUD, GLD, BTC
Maximum Leverage1:200
Pricing ModelSpreads, Commissions
Lot SizesMicro, Mini, Standard
Deposit/ Withdrawal MethodsWire Transfer, Credit Card, Debit Card, Perfect Money, WebMoney, Neteller, Skrill, FasaPay, Qiwi, Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Tether, USDCoin, DogeCoin, XRP, POLi, Sticpay, VLoad, PaySafe Card, AstroPay, Airtm, AdvCash, EPay
Demo AccountYes
Swap-Free Account Yes
MAM/ PAMMYes
ScalpingYes
HedgingYes
PROS
  • Regulated by the International Financial Services Commission of Belize (IFSC).
  • Beginner friendly.
  • Fast and easy account registration process.
  • Offers web, mobile and PC trading on industry standard trading platforms, such as the Metatrader4 (MT4) and (MT5).
  • Low trading fee.
  • Transparent fee structure with no hidden charges.
  • A variety of asset classes.
  • Flexible leverage with leverage as high as 1:200.
  • Negative balance protection.
  • Segregated clients funds.
  • A wide selection of fast and secure deposit and withdrawal methods.
  • Low latency and fast order execution.
  • VPS solutions for EAs, scalpers and auto-trading.
  • Great bonuses for clients.
  • Competent and friendly client support available 24/5.
CONS
  • Does not accept clients from the United States.
  • No proprietary trading platform.
  • Limited range of instruments.
  • Demo account expires after 90 days.
  • Limited education and research offering.