FXChoice, hosted at FXChoice.com, is a foreign exchange investment brokerage.
Regulated by the International Financial Services Commission of Belize, FXChoice is stationed out of Belize and has been rendering forex investment options since August of 2010.
To find out more information regarding FXChoice, and what traders are saying about FXChoice for the 2019 New Year, we invite you to read our unbiased and up-to-date review.
FX Choice is structured as an online investment platform specializing in offering foreign exchange, contracts-for-difference and precious metal investing.
Incorporating both the MetaTrader4 and MetaTrader5 charting solution into their platform, FXChoice supports a wide sum of investable assets and are mobile-friendly.
FXChoice Limited is the corporate entity responsible for FXChoice.com.
According to FXChoice, FXChoice Limited can reached through the following address of Corner Hutson & Eyre Street, Blake Building, Suite 302, Belize City, Belize.
For Client Support: +52 558 526 80 32
For General Inquiries: +501 227 27 32
FXChoice operators may also be reached through their live chat feature, with a callback, through their contact submission form or by emailing [email protected].
Trading Platform & Features
FXChoice renders a foreign exchange style of day trading.
As we previously mentioned, FXChoice incorporates the MetaTrader4 and MetaTrader5 platform as their trading solution.
This enables consumers to participate in currency pair, select commodity investing along with contracts-for-difference.
Among other features included at FXChoice would be the economic calendar, Expert Advisors (EAs), a Virtual Private Server (VPS), MQL5Signals and an auto trading feature paired with one of their associated partners.
Spreads: Starting from 0.5 pips
Deposit Minimum: $100.00
Lot Size Restrictions: 0.01 minimum, no maximum
Tradable Currency Pairs: 28
Spreads: Starting from 0.0 pips
Commissions: $3.5 per $100,000 side
Deposit Minimum: $100
Lot Size Restrictions: 0.01 minimum, no maximum
Tradable Currency Pairs: 38
The maximum leverage capacity for both accounts is 1:200.
The main difference between these two account types would be the Margin Call, otherwise referred to as the Stop out.
The classic account employs a 25/15 margin call while pro employs a 100/80.
Demo accounts are available with FXChoice but only after you have created an account through FXChoice.
Deposits & Withdrawals
The minimum initial deposit required by FXChoice is $100.
For day traders looking to use wire transfer as a payment method, you should be informed that a !,000 USD wire transfer minimum must bet met.
According to FXChoice payment page, the availability of some deposit and withdrawal methods vary from one country to another along with their withdrawal requirements, respectively.
Accepted currencies with FXChoice would be USD, EUR, GBP, CHF, AUD, CAD, Gold, Bitcoin, Bitcoin Cash, Litecoin, Ethereum and XRP.
Supported Deposit Methods
- Wire Transfer
- Bitcoin Cash
- XRP (Ripple)
- Perfect Money
MetaQuotes, which is considered the “brains” behind the MT4 and MT5 platforms, provides a unique service called Trading Signals, which enables clients to shadow the trades of seasoned traders.
MyFXBook Auto Trade
FXChoice has integrated the MyFXBook AutoTrader into their platform.
The way this service works would be by mirroring other, more established traders investments into your account autonomously.
A requirement that must be met to use this service would be to create and fund an account with MyFXBook.
FXChoice claims to have been in existence since 2010 but a WHOIS report will reveal that their site was privately registered through the GoDaddy registrar on May 13th, 2011.
Information disclosed at SimiliarWeb will indicate that FXChoice has steadily been declining in popularity over the past year.
Reflecting a global rank of 177,740 with a US rank of 67,391 as of December 12th, 2018, FXChoice has lost nearly a quarter of the traffic volume that they were receiving at the start of the new year.
Is FXChoice Legit?
FXChoice appears to be well-respected amongst the investment community and reflects positive reviews at ForexPeaceArmy.
While it appears that FXChoice is willingly and openly accepting consumers from various demographics, that does NOT mean that their platform is suitable or safe for you if you reside in a region where IFSC means nothing, such as the United States for instance.
FXChoice Scam Review
FXChoice reflects both positive and negative reviews across the web, like any online investment brokerage would.
What impressed us regarding FXChoice would be their promptness across various threads to address consumer complaints and issues.
The thread found at ForexPeaceArmy does an ideal job of portraying their promptness.
Given the information disclosed above we do not believe FXChoice to be a scam.
They appear to be operating with transparency, are accepted as a whole amongst the investment community and appear to reflect a relatively dependable track record.
Our two cents regarding FXChoice would be to only invest with their platform at your own risk, and more specifically only with online brokerages that are regulated and licensed for your residing jurisdiction.
Outcome: FXChoice should be invested at your OWN risk!
We invite you to share any experiences, insight or feedback you may have below!