FX Choice Review

Overview

Belize-based FX Choice is regulated by the IFSC, which is liberal in its control over forex brokers. 

But FxChoice follow best practices and are transparent in their business and have won numerous awards. Expect competitive spreads, fast execution and good customer service. 

They pride themselves having over a decade of experience as traders and a broker, processing on average 15,000 digital transactions a day.

Accounts

Classic and Pro accounts are available, the first being commission-free with higher spreads starting around 0.5 pips. 

The Pro account with ECN, charges a small commission with tighter spreads that start from 0.0pips. Traders can also open each of these accounts as a corporate or individual account. 

Both account types feature Non Deal Desk market execution (NDD).The brokers offer nearly 40 currency pairs, precious medals  and CFDs. The do allow scalping, hedging and FIFO rules do not apply.

Minimum deposit

 $100

Maximum leverage

1:200

Features

Traders using a Classic account can use the MetaTrader 4 platform as well as mobile and web platforms. 

Pro accounts have access to MetaTrader 5, which offers certain additional features over MT4, including economic calendar, depth of market and more sophisticated analytical tools. 

Hedging is allowed in the Pro accounts.

FX Choice supports Myfxbook Autotrade as well. 

Positive price correction means that traders who slip into (rare) negative balances will have their accounts zeroed out. Their website is simple and its easy to find information. Fxchoice is a true ECN and DMA trading environment.

Education

 News, market reviews, an economic calendar and plenty of instructional articles by trading gurus will help you develop your strategy. 

Fxchoice doesn’t offer any extensive forex trading courses like some other brokers.

Deposits/Withdrawals

 Variety of funding methods supported, including Bitcoin, PaySafeCard and Perfect Money besides the standard options. 

Withdrawal rules vary by country, but supports a variety of funds transfer methods.

All current funding methods include: Wire transfer, Skrill, Neteller, Bitcoin, Bitcoin Cash, Fasapay, Perfect Money, Litcoin, Ethereum, Ripple, Tether, Paysafecard, Poli, vLoad, SticPay, Airtm, ADVcash, Epay, AstroPay

Customer service

Prompt and professional live chat 24/5, email support and multilingual phone support in Belize