Skip to main content

FXChoice Review

$ 100,00

In our review of FXChoice, we discovered a well-rounded Forex and CFD broker, which offered currency pairs, commodities, indices, and crypto CFD markets. The broker was founded in 2010 and is additionally sometimes referred to as myfxchoice. This broker is mostly recommended for Canadian traders!

Overall Rating


Minimum Deposit
Very Good

FXChoice is suitable for all kinds of traders, whether you’re a beginner or already experienced. This is often because whilst they need a coffee barrier to entry, they also provide you with an opportunity to expand your trading portfolio. They also utilize industry-leading trading platforms and are well regulated and reputable.

Our expert review team found that FXChoice is that the best broker for those that wish to access increased leverage. this is often thanks to the very fact that they’re regulated in Belize. Continue reading to get more about the broker, and the way to select up a generous new trader bonus.

Brokers Similar to FXChoice

Discover a broker with over a decade of experience

  • FXChoice was founded in Belize, in 2010. Since then, they need become a well known and trusted broker for thousands of traders globally. the very fact that they need been successfully operating for overflow a decade shows that they’re committed to offering a top quality trading product.
  • FXChoice has also collected several prestigious awards within the industry, many of which are centered around their excellent customer support services.
  • FXChoice offers both Forex and CFD trading opportunities to clients everywhere the planet , including the US. you’ll trade 38 different currency pairs, including exotic markets like South African Rand, Russian Ruble, and Norwegian Krona. this enables you to require advantage of emerging markets.
  • Commodity CFDs are available also , including gold, silver, and petroleum . this provides you the power to put trades within the world’s largest energy markets and gain the protection of precious metals in your portfolio.
  • Our reviewers found that FXChoice doesn’t , however, accept traders from Italy, Spain, North Korea , or Belize.

Trusted regulation in Belize

FXChoice is regulated by the International Finances Services Commission Belize and therefore the broker has been in good standing with the Commission since its inception.

Whilst the IFSCB isn’t considered to be one among the foremost prestigious regulators within the world, and our experts think that FXChoice may benefit from gaining further licenses, it’s clear that they are doing operate during a responsible manner.

Beyond having facilitated many trades for satisfied traders, they also do everything they will to guard your capital. All clients’ funds are held in segregated accounts, completely break away the broker’s corporate accounts. this suggests that there’s no way that FXChoice can trade together with your funds, nor can they use them for any company expenses.

Our reviewers also found that FXChoice has its own internal risk management department, which thoroughly monitors every decision and operation the management makes. This ensures that the broker is usually in complete compliance with its regulator.

Choose from three different account types

FXChoice offers two primary account types, a Classic account, and a professional account. Both of those have a minimum deposit limit of $100 and offer leverage up to 200:1, but there are some important differences between the 2 .

The Classic account trades the standard spread based commissions, while the professional account charges $3.50 per notional amount of $100,000 traded. Our FXChoice review team feels this provides you the power to customize trading costs for your specific needs. for instance , the professional account is far better suited to traders preferring scalping and using robots.

Our team also found that FXChoice offers demo versions of both account types, which permit you to practice your trading freed from charge. this is often a serious advantage of choosing FXChoice, as most brokers don’t offer demo versions of their commission-based accounts.

Benefit from competitive trading costs

Most trading costs at FXChoice are included within the spread or the commissions mentioned previously. That being said you furthermore may got to check out rollover fees, which change counting on the market that you simply are trading. That information is freely available on the web site , and for the foremost part, looks to be a rather standard – neither overly expensive nor cheap as compared to competitors.

The cost involved in depositing money into your account can vary drastically. for instance , if you deposit via wire transfer, there’s a minimum deposit of €3000. While this is often not an actual cost, our FXChoice review experts felt it might be somewhat prohibitive to smaller traders.

Trades can also incur costs counting on which method they use to withdraw from their accounts. Wire transfers accompany a 0.25% fee, and a minimum charge of $165, for instance . E-wallets have much lower costs, and a few methods are completely freed from fees. Choose your payment method carefully and choose which is that the best choice for you.

Use secure localized payment methods

At FXChoice you’ll deposit and withdraw via wire transfer,

  • Skrill
  • Neteller
  • Bitcoin
  • Bitcoin Cash
  • Litecoin
  • Ethereum
  • XRP
  • Tether
  • FasaPay
  • Perfect Money
  • PaySafeCard
  • Qiwi
  • AstroPay
  • POLi

the supply of every method depends on your country and therefore the size of your transaction.

Almost all deposits are processed immediately, although wire transfers can take up to five days to succeed in your account. Similarly, withdrawals are processed by FXChoice within 24 hours, but this doesn’t include the time it takes for your preferred payment method to credit your account.

Refer a lover and collect a generous bonus

FXChoice offers traders a generous bonus, on deposits that meet certain conditions. this is often an enormous advantage of selecting this broker, as bonuses for Forex traders are often hard to return by.

Our review team found that the broker also boasts a refer a lover scheme. Existing traders can earn up to $250 for every one that registers and deposits using their link and therefore the new client also will be rewarded with a one-time welcome bonus.

Make trades with ease using award-winning platforms

Our FXChoice reviewers found that the broker’s website is extremely intuitive and is obtainable in eight different languages, including English, Dutch, and Czech. Most of the knowledge that you simply need are often found quickly and simply and registering for an account is additionally straightforward.

At FXChoice, you’ll choose from three trading platforms: MetaTrader 4, MetaTrader 5, and therefore the web-based version of Metatrader. All of those platforms allow you to use EAs and replica trading software.

The broker also supplies all clients with a couple of useful trading tools. These include an economic calendar and virtual private servers for steady trading.

Excellent Mobile Trading Compatibility

With FXChoice, you’ll use the MetaTrader 4 and 5 mobile applications to trade wherever you’re . These are available to both iOS and Android users and are largely considered to be the simplest mobile trading platforms within the industry.

The website itself functions well from within your mobile browser. you’ll have complete functionality, which suggests you’ll register for an account, make deposits and withdrawals and get in touch with customer service whilst on the go.

An Abundance of Forex Signals to Follow

When we create a broker review, we always check out what education materials are provided. Sadly, our reviewers came back empty-handed at FXChoice.

The broker doesn’t offer any sort of training or guides, which may be a huge oversight in our eyes. However, FXChoice does allow you to follow trading signals. These are provided by MetaQuotes and that they are often wont to shadow the trades of execs .

Reliable Customer Support

One of the most important advantages of using FXChoice is its excellent customer support services. do you have to encounter a problem when using the broker, or just have an issue , you’ll find help almost instantly.

Our FXChoice review team noted that the broker has an in depth FAQ section, which is both easy to know and thorough. you’ll also contact customer service agents via live chat, email, and telephone. Alternatively, you’ll request a callback at a time that suits you.

All support services are available during market hours, in English, Spanish, Thai, Chinese, Persian, and Russian. Our FXChoice reviewers were extremely pleased with the speed at which their queries were answered and located the staff to be informed.

Summary of our FXChoice Review

Whilst FXChoice isn’t the most important Forex broker around, their clear commitment to offering a well-rounded trading experience should be celebrated. It’s no wonder they need attracted numerous loyal traders in their years of operating.

Our reviewers also found that the relatively small spreads, low commission rates, and excellent bonuses make FXChoice an excellent place to trade. When paired with the very fact that the broker offers a various range of markets, including CFDs, this adds up to an environment suitable for both beginner and veteran traders.

The registration process is efficient and minimal, which allows you to urge involved immediately . What’re you waiting for? check in now to undertake it for yourself.

FXChoice FAQs

Is FXChoice a regulated broker?

Yes. FXChoice is regulated in Belize by the IFSC.

What account types does FXChoice offer?

Beyond the demo account, FXChoice offers both a typical account, referred to as a Classic account and knowledgeable account.

Does FXChoice offer a bonus?

FXChoice offers a welcome bonus on deposits that meet certain conditions. They also offer a refferal bonus and therefore the ability to become either an affiliate or a money manager. this provides you a spread of the way to leverage your returns at FXChoice.

What is the minimum deposit at FXChoice?

The minimum deposit at FXChoice is simply $100. this enables you as a trader to realize access to many of the world’s largest markets with a really minimal amount of starting capital. this is often one among the foremost appealing aspects of using FXChoice.

Is FXChoice secure?

FXChoice is totally secure. Not only is that the broker regulated, but they even have various systems in situ to guard your funds. These include segregated client accounts and an indoor risk management program.

$ 100,00

$ 100,00