FXChoice Review 2023: Detailed Analysis of the Broker!

fxchoice in conclusion
trading conditions

MetaTrader 4 and MetaTrader 5 available – FXChoice only offers two trading platforms, MetaTrader 4 and MetaTrader 5. For some traders, that might seem like little choice of trading platforms. However, that might be more than enough for most traders, considering they’re the two most popular trading platforms. Pips+ loyalty program rewards active traders – If you’re an active trader, you might be interested in the FXChoice Pips+ loyalty program. The program offers either rebates or tiered commission discounts based on trading volume turnover over 30 days or account equity. FXChoice offers bonuses – Forex brokers offering bonuses is a rarity these days.

Investors should only use risk capital when trading futures, forex and CFDs because there is always the risk of substantial loss. It is important investors carefully consider their objective, financial situation and level of experience. Trading in futures, forex, and Over Counter products offered as Contract for Differences by FXChoice Limited, company # is speculative in nature and not appropriate for all investors.

All you need to do is download the program on the required device and then you’ll be able to trade anywhere anytime. When it comes to Fxchoice regulation, we all know it’s one of the most crucial points to look for when choosing a forex broker to trade and invest with. This section of Fxchoice review 2023 will walk you through the details and Fxchoice pros with regard to Fxchoice regulation, besides the license, Fxchoice is maintaining continuity at the moment. Before I started this review it said explain what happened and what were your experiences, I would like to share but at the moment nothing. Have traded for a while now and when applying to open a new trading account the two above plus proof of address would normally be fine.

trading conditions

FX Choice is regulated by the Belize Financial Services Commission . This makes them an offshore forex broker and as such, they are not regulated in any major financial jurisdiction such as USA, UK, or Europe. Therefore, FXChoice appears to be a better choice for forex trading compared to FXPrimus. However, there are some exciting bonuses available with FXPrimus.

The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. The broker’s client support team is available 24/5 and can be reached via telephone, email, and live chat. Over the years, the broker has won the best customer service challenge award from the LiveHelpNow Challenge, which ranks the top 100 providers of superior customer service. However, I think they could improve by providing support 24/7 like competitors such as Hugo’s Way do. However, the broker implements various security features to ensure the overall security of clients’ funds.


This is why leading world authorities tend to restrict the use of high leverage. However, there are still brokers offering high leverage, which is alluring in itself. FXChoice allows Indian traders to open accounts and trade. However, FXChoice has no mention of complying with any Indian regulators on its website. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here. Also explained that the Platform is is regulated in Belize and as such, does not have to respond to U.S. regulators.

The fx choice review team is responsive and knowledgeable, and they are always available to help with any questions or concerns you may have. Additionally, they offer a variety of funding and withdrawal options, which makes it easy to manage your account and get your money when you need it. Clients can sign up for any of the two FX Choice account types as individual or corporate users. FXChoice offers around 40 fiat currency pairs, as well as precious metals, stocks, and major indices. If you’re keen to find a CFD trading platform for cryptocurrency then maybe check out our IGIndex review, although professional trader accounts are needed.

Based on this user feedback, it appears that FX Choice is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform. Although FXChoice does offer some negative balance protection you should be very cautious when trading volatile assets in the stock, commodities, and forex market. This review of FXChoice does not constitute investment advice. It’s important to understand how long this forex and CFD trading platform has been in existence as it shows their sustainability. Some brokers are not around for long and this is a problem, especially if it causes investors to lose money. FXChoice aims to process all withdrawals within 24 hours.

Deposit and Withdrawal Fees

Even the FX Choice website is glaringly vague on the finer points of how the company managed to achieve what it states is “breakneck speed” development. Rather, this broker relies completely on the MetaTrader suite of apps for versions 4 and 5 for iOS/Apple and Android/Google Play. To open a Pro corporate account with either MT4 or MT5, you once again run into the vagaries of the time it will take to verify the information you submit.


The website offers news in a section labeled as Company News that offers insights into the crypto and forex markets. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. FXChoice offers Commission discount for active traders and offers rewards for increased volumes of trading.

We are going to call you to confirm the withdrawal of your funds via Wire Transfer at our expense. Using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance. If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction. I normally withdraw using their cryptocurrency option as I find this the fastest. The final part of this FXChoice review is the frequently asked questions.

FXChoice Trustpilot Review

The broker provides their clients with the MetaQuotes MetaTrader 4 and MetaTrader 5 platforms, which are two of the most widely used trading platforms in the world. The “Knowledge Base” section functions as the broker’s Trading Academy. It is replete with various trading guides, learning articles, and other essential educational materials to keep traders equipped with the necessary knowledge they need to have about the financial markets. I think there is plenty of helpful content to help bring you up to speed with the markets if you are new to trading online. It is always good to see a broker that cares about users and want to provide them with the right resources so that they can make informed trade decisions. FXChoice clients who have a $3,000 or more balance and trade at least five lots during each monthly billing cycle can claim a free VPS.

FXChoice provides 3 main Fxchoice account types to their clients with some differences between the various Fxchoice account types that I’ll state below in this part of Fxchoice review 2023. I started using FXChoice today and so far no complaints, trade executions are executed quite quickly with fair enough spreads. Not really sure what other support is given to traders besides the platform. After conducting some research on various social media platforms , as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with FX Choice.

I have several times contacted their support service for questions and issues, which is great, quick and precise. They answer and always find a solution for our issues. Unless you are only trading the ‘Majors’, stay away from this broker as there are many other more competitive ones out there.

FXChoice is a great choice for traders looking for a MetaTrader-focused broker that offers both the MT4 and MT5. FXChoice is an established brokerage firm offering top-tier online trading services and best-in-class Fintech solutions for more than a decade. However, additional fees might occur with some of the payment methods. Generally speaking, FXChoice reviews are questionable. From them, we can see that clients are complaining about their services. From 123 total reviews on Trustpilot, almost 15% are with 1-star marks.

FXChoice offers numerous account funding methods, which is highly convenient. The drawback is the company imposes high fees on some payment methods. Before depositing, we recommend checking the fees clearly to ensure you avoid any surprises. FXChoice offers two trading account types; they are called Classic and Pro. The main difference between the two account types is the fees. FXChoice is fully regulated by FSC, Finances Services Commission Belize and this itself is a potential security measure.

FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms. This feature allows investors to shadow the positions of experienced traders, known as Signal Providers. This add-on can work alongside Expert Advisors and the provided signals can be copied automatically in the MT4 platform. If your paper trading solution has expired, you may need to contact customer service to reset the demo account.

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As soon as the documents get approved within 24 hours, traders can start trading, but they have to maintain a minimum deposit of $100 or 100 units of a chosen base currency. So, all in all, the account opening process at FXChoice is extremely accessible and easy. With the Pro Account, account spread, and commission are charged separately. The fee structure on Pro accounts corresponds exactly to that commonly adopted in the Intermarket, which is why spreads are significantly tighter compared to Classic accounts.

FX Choice Funding and Withdrawal Methods

However, you should check with your bank if they will charge any fees when using bank transfers. FXChoice have a good range of trading products and services that caters to a broad spectrum of traders. From all corners of the globe, thousands of traders have already benefited from the brokers superior trading conditions and excellent cutomer service. Another great thing about My Fx Choice is their customer service.