Established in 2010, FXChoice is a Belize-regulated broker offers access to multiple financial markets [Forex, Indices, Commodities and Shares] through advanced trading platforms.
In this comprehensive review, we'll examine FXChoice Forex Broker features, from account types and trading costs to platforms and customer support, helping you decide if it's the right choice for your trading needs. Stay with us till the end of āFXChoice reviewā
FXChoice Forex Broker Company Information & Regulation
FXChoice stands out as an NDD (No Dealing Desk) broker focused on providing ethical trading practices and cutting-edge technology. Operating since 2010, the broker handles over 150,000 digital transactions daily, offering competitive spreads starting from 0 pips and flexible leverage up to 1:1000.
The company is regulated by the Belize Financial Services Commission (FSC), which ensures:
- Client fund segregation
- Regular auditing
- Compliance with international standards
- Protection against fraud
Their commitment to service excellence is evident through consecutive LiveHelpNow awards for Exceptional Customer Service throughout 2021-2022.
Summary of Specifics
Here's a quick overview of what FXChoice offers to its traders:
Broker | FXChoice |
Account Types | Optimum, Classic and Pro |
Regulating Authorities | FSC Belize |
Based Currencies | USD, EUR, GBP, AUD, CAD, Gold |
Minimum Deposit | $10 |
Deposit/Withdrawal Methods | VISA, MasterCard, Perfect Money, Skrill and AIRTM |
Minimum Order | 0.01 |
Maximum Leverage | 1:1000 |
Investment Options | Copy Trading, AutoTrade |
Trading Platforms & Apps | MT4, MT5, WebTrader |
Markets | Forex, Indices, Commodities and Shares |
Spread | From 0.0 Pips |
Commission | Varies Based on Account |
Orders Execution | NDD, Market |
Margin Call/Stop Out | 25%/15% |
Trading Features | Swap Free (Islamic) Account, Demo Trading, Copy Trading, 1:1000 Maximum Leverage |
Affiliate Program | YES |
Bonus & Promotions | YES |
Islamic Account | YES |
PAMM Account | No |
Customer Support Ways | Indoor Meeting, Live Chat, Phone Support, Ticket |
Customer Support Hours | 24/5 |
What are FXChoice Account Types?
The broker offers three main account types to suit different trading styles:
Optimum Account
- Minimum deposit: $10;
- Leverage up to 1:1000;
- Zero commission;
- No-deposit bonus available.
Classic Account
- NDD technology;
- Competitive spreads;
- Commission-free trading;
- Fast execution.
Pro Account
- Raw spreads from 0 pips;
- Direct market access;
- Institutional-grade liquidity;
- Professional trading conditions.
Advantages and Disadvantages
Let's examine what makes FXChoice stand out and where it could improve:
Advantages | Disadvantages |
Low Minimum Deposit | Limited Regulation (Only FSC Belize) |
Competitive Spreads | Not Available in Many Countries |
Multiple Trading Platforms | Limited Research Tools |
Excellent Customer Support | Limited Cryptocurrency Offerings |
Copy Trading Available | Limited Information Provided to Traders |
Educational Resources |
How to Sign Up in FXChoice Forex Broker? Comprehensive Tutorial!
Oddly enough, when we tried to open an account while writing this article, there was no sign up button! Only previous users can login to their accounts, and it is not possible to register for new users.
What Trading Platforms FXChoice Supports?
In Its latest updates, FXChoice offers 3 trading platforms to its traders and you can use them; FXChoice Broker Trading Platforms:
MetaTrader 4 (MT4)
- Industry-standard platform;
- Advanced charting tools;
- Expert Advisors (EAs) support;
- Custom indicators;
- Mobile trading app.
MetaTrader 5 (MT5)
- Enhanced analytical tools;
- More timeframes;
- Economic calendar;
- Advanced pending orders;
- Better backtesting capabilities.
WebTrader
- Browser-based trading;
- No download required;
- Cross-platform compatibility;
- Real-time quotes;
- Basic charting tools.
FXChoice Forex Fees and Costs; Is it a Low Spreads Broker?
This broker offers 0 spread and 0 commission, but in which account? Here is a detailed overview of spreads and commissions of FXChoice Broker:
Specifics | Optimum | Classic | Pro |
Spread | From 1.5 Pips | From 0.5 Pips | From 0.0 Pips |
Commission | $0 | $7 Per Lot | $3.5 Per Lot |
Note: Spreads may widen during major news events or periods of high market volatility.
What Are The Deposit & Withdrawal Methods of FXChoice?
FXChoice supports 5 payment methods that each of them may not be available for you because of your country financial policies; FXChoice Broker Payment Methods:
- Credit/Debit Cards: VISA, MasterCard;
- E-Payments: Skrill, Perfect Money, AIRTM.
What Are the Investment Options of FXChoice?
In FXChoice review we discovered that this Belize based broker support copy trading and autotrade as its investment options:
Copy Trading Features
- Social Trading Integration
- Follow experienced traders
- Automatic trade replication
- Real-time performance tracking
- Risk management settings
AutoTrade Features
- Connect with signal providers
- Customize copy settings
- Monitor multiple strategies
- Adjust risk parameters
Bonuses and Promotions
FXChoice offers bonuses and promotions and regularly updates to expands its list. FXChoice Broker Bonus:
Crypto Deposit Bonus:
- 65% bonus on first crypto deposit
- 15% on subsequent deposits
- $100 Minimum deposit
- Trading volume requirements apply
Welcome Bonus Package:
- 50% welcome bonus on first deposit
- Up to $500 bonus amount
- 30-day validity period
- Available for verified accounts
15% Deposit Bonus:
- For all new registrations
- Receive it after account creation
FXChoice Customer Support; Is it Available 24/7?
FXChoice support is available 24/5 (closed during weekends) and you can contact them via the ways below; FXChoice Support Channels:
- Live Chat;
- Phone Call;
- Ticket;
- Indoor Meeting.
Trust Scores & Reviews
This brokerās trust scores in review platforms such as Trustpilot and ForexPeaceArmy, indicates that they have done good job providing services and satisfying traders; FXChoice Trust Scores:
- Trustpilot: 4.0 out of 5 based on more than 140 reviews;
- ForexPeaceArmy: 3.9/5 based on 310+ reviews.
TradingFinder Expert Conclusion and Final Words
FXChoice is a relatively old broker established in 2010, and despite its age, it has some disadvantages, including needing to provide complete information. However, FXChoice Broker also has significant benefits, including welcome and deposit bonuses for all users.
Finally, you tell us, will you use the services of this Belize-based broker after reading the FXChoice Review?
