FXchoice Review

FX Choice Reviews and Ratings:

User Rating
[Total Votes: 90 Average Client Rating: 3.3]
Websitehttps://en.myfxchoice.com/
Live ChatYES
TelephoneCall back option*
Broker TypeECN
RegulationsIFSC
Min Deposit$100.00
Account Base CurrencyUSD, EUR, GBP, AUD, CAD, Bitcoin, Gold, Bitcoin Cash, Litecoin, Ethereum and XRP
Max Leverage 200:1
Trading PlatformsMetatrader 4/5
MarketsForex, CFD’s, Precious metals, Indices CFD, Commodity CFD, Crypto CFD
Bonus Offered Receive a one-time 15% deposit bonus with this link 

Funding Options

Wire transfer, Skrill, Neteller, Bitcoin, Bitcoin Cash, Fasapay, Perfect Money, Litcoin, Ethereum, Ripple, Tether, Paysafecard, Poli, vLoad, SticPay, Airtm, ADVcash, Epay, AstroPay

FX Choice

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

fxchoice reviews

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.

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Fx Choice Canada – Can a Canadian Open An Account?

Fx Choice does accept Canadian residents. 

Fx Choice and ESMA – Is Fx Choice Affected?

The simple answer is No. Fx Choice is regulated by IFSC which stands for International Financial Services Commission in Belize. ESMA only affects brokers that fall under the EU (European Union).

Is FxChoice A Market Maker?

Fx Choice labels themselves as an ECN broker. They are not a market maker broker.

Does fxchoice accept us clients?

No. Fxchoice allowed residents of the US to open trading accounts in the past. Fxchoice is one of the few offshore forex brokers that used too accept US clients.

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