Fxchoice Review

What Is FXChoice?

FXChoice is a Forex and CFD Broker with over a decade in the market, building a solid reputation as a trusted across the industry. The company has been in the Forex business since 2010 and is headquartered in Belize with multi-jurisdictional regulation to ensure more encompassing coverage for its clients. FXChoice provides traders from all corners of the world with a savvy, friendly, and intuitive space to access the Forex and CFDs market.  

The broker offers very competitive and transparent conditions with a reliable trading environment and award-winning customer service. Low spreads, fees, and swaps, coupled with flexible high leverage, make FXChoice an excellent go-to broker for traders.

FXChoice clients can trade over 100 instruments spread across five markets, including many crypto pairs. The company also boasts several attractive partnership programs, ranging from its most basic program that pays cash for referrals, to the more advanced ‘Affiliate Programme’ with diverse compensation plans to suit every need. Money Managers can also take advantage of the company’s MAM account, offering superb compensation to top traders with a client base.

FXChoice Pros and Cons

FXChoice is a reliable broker due to its long years of operation and solid position. Here are the advantages we found about the broker:

• $10 Minimum Deposit – FXChoice has a very low minimum deposit, which is great for those wanting to test-drive the broker’s conditions without breaking the bank.
• Customer Service – this broker has won many awards for its customer care. They truly place their client’s needs at the center of everything they do.
• Reliable trading environment – we note that this broker has near-instant market order execution, so you’ll never be left hanging for a trade to be filled.
• Flexible leverage – the newest account type at FXChoice is the Optimum, boasting flexible leverage up to 1:1000. We feel this is more than enough for retail and professional traders.
• Maximum fund security – FXChoice’s multi-jurisdictional regulation ensures client fund segregation, so traders can have peace of mind that their funds are safe.
• Deposit & withdrawals – this is often a painful topic for traders, but FXChoice have a wide selection of options, many of which are free to use.

Is FXChoice safe or scam?

No, FXChoice is not a scam, it has long established itself as a reliable broker with long years of operation and excellent trading conditions. However, the broker is not operating under any serious licenses for now.

• Without a doubt, FXChoice is a safe home for your trading. The company has been in business for over 10 years and has only become more reliable as the company matures, so we’re confident that you’ll be able to focus on your trading at FXChoice, and not have to worry constantly about your broker’s credibility.
• The broker is regulated by the FSC of Belize and the FSA of Saint Vincent and the Grenadines. The multi-jurisdictional regulation allows FX Choice more flexibility in providing its clients with coverage. We note that the broker is obliged to keep client funds in segregated accounts and comply with strict regulatory protocols, including AML. The broker is regularly audited and reported on required terms, which means there is a sustainable level of transparency.
• Although FXChoice’s services are available worldwide, there are a few countries that the broker cannot accept clients from, including Afghanistan, American Samoa, Belize, EU/EEA, Guam, Iran, Iraq, North Korea, Northern Mariana Islands, Puerto Rico, Sudan, Syrian Arab Republic, United States and the US. Virgin Islands.

See our conclusion on FXChoice Reliability:

• Our Ranked FXChoice Safety Score is 6.7 out 0f 10 for good service over the years of operation and quite a good reputation. However, the broker is not licensed by top-tier authorities, yet it has long established itself and proved its transparency and safety. 

Trading Platform

FXChoice clients have a choice between popular and well-regarded MT4 and MT5  platforms. These platforms cover all bases that a client needs to conduct their trades. MetaTrader4 and MetaTrader5 are the golden standards for any trader, including auto trading, copy trading, and Expert Advisors.

Both the MT4 and MT5 platforms are available on Windows and Mac, and mobile traders can get their preferred platform in their pockets with the corresponding app in the iOS and Play stores.

The Web Terminal, available for both MT4 and MT5 users, allows users trade from their favorite browser without the need to download additional software.