Forex & CFD broker
FXChoice Canada Review: Is It Regulated in Canada?
By ForexCanada Editorial Team · Updated
Canada check
FXChoice is licensed only in offshore or light-touch jurisdictions (or not at all) and is not registered with any Canadian regulator. You would have no Canadian investor protection and limited practical recourse in a dispute. At our last check the broker's international entity accepted Canadian residents.
- Canadian status
- Offshore / not registered in Canada
- Canadian entity
- None — not registered in Canada
- CIPF coverage
- No
- OBSI complaints
- No Canadian ombudsman access
- Accepts Canadians
- Accepts Canadian residents
- Licences abroad
- FSC-BZ(offshore)
- Founded
- 2010
- Headquarters
- Belize
Our take on FXChoice
FXChoice is a Belize-licensed MetaTrader broker that has long accepted North American clients that larger brokers turn away. Pricing on its Pro account is competitive and crypto deposits are supported. The regulatory protection is minimal by Canadian standards: Belize licensing offers little in the way of capital requirements or compensation schemes.
FXChoice has long been one of the offshore brokers that openly accepts North American clients, which is why it featured on this site in the past. It supports crypto deposits and withdrawals as well as traditional methods. Its Belize licence offers little by way of capital requirements or compensation, so balances should be kept small and withdrawals tested early.
Verdict
Low-cost and accessible, with correspondingly low protection.
What we like
- +Accepts North American clients
- +Competitive Pro account pricing
- +Crypto funding options
Watch out for
- −Belize licence only
- −Small product range
- −Not registered in Canada — no CIPF, CIRO or OBSI protection
How FXChoice scores
Canadian protection carries 40% of the weight, so an unregistered firm can't outrank a registered one on price alone. See the full methodology.
Accounts, markets & platforms
- Platforms
- MT4, MT5
- Markets
- Forex (40+ pairs) · CFDs · Crypto
- Pricing
- Classic (spread-only) and Pro (raw + commission) accounts
- Minimum deposit
- About US$100
- Leverage
- Offshore entities often advertise 100:1 to 500:1 or more
- CAD / USD accounts
- — CAD | — USD
- Demo account
- Available
Figures are taken from the broker's own disclosures at our last review (2026-09) and change often — always confirm on the broker's website. Spot an error? Tell us.
Verify FXChoice yourself
- Look for the firm on CIRO's list of dealers it regulates.
- Search the legal entity name in the CSA National Registration Search and check it is registered in your province.
- Confirm CIPF membership in the CIPF member directory.
- Search the CSA investor alerts for the brand name and any look-alike websites.
- Make sure the account agreement you sign names the same legal entity — not an offshore affiliate.
Registered alternatives for Canadians
These firms are CIRO dealer members with CIPF-eligible accounts:
Interactive Brokers Canada
Online brokerage
Experienced, cost-sensitive traders who want forex, futures, options and global stocks in one account
Questrade
Online brokerage
Canadians who want TFSA/RRSP investing and forex/CFD trading with one Canadian firm
CMC Markets Canada
Forex & CFD broker
Traders who want the widest CFD and currency-pair range from a Canadian dealer
FXChoice: frequently asked questions
Is FXChoice regulated in Canada?
No. FXChoice is not registered with CIRO or any provincial or territorial securities regulator, although it holds licences elsewhere (Belize). Canadian protections such as CIPF coverage and OBSI complaint handling do not apply.
Can Canadians open an account with FXChoice?
At our last check, FXChoice's international entity accepted Canadian residents. That entity is not the one regulated in its home country, so check which company your account is with before depositing.
Does FXChoice offer MetaTrader?
Yes — FXChoice supports MT4 and MT5.
What is the minimum deposit at FXChoice?
About US$100. Minimums change, so confirm on the broker's website before funding.
Canadian trader reviews
Reviews are submitted by readers and moderated by our editors for relevance and abuse. They are opinions, not verified facts, and never affect our score.
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