Overall Rating: ★★☆☆☆ (2.8/5.0)

FXChoice is an offshore forex and CFD broker established in 2010 and headquartered in Belize, offering trading services to international clients via MetaTrader 4 and 5 platforms. The broker promotes ECN execution, cryptocurrency funding, and multilingual support, with a focus on high-leverage trading and fast account setup. While FXChoice has earned some trust among offshore traders, its lack of tier-1 regulation, limited educational content, and restricted product range raise concerns.

This FXChoice review breaks down its key features, pricing, regulation, and trading environment to help assess its overall value.

Key Features

FXChoice is designed for traders seeking MT4/MT5 access, high leverage, and crypto-funding options, particularly outside of the EU and US.

• Trading Platforms:
  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
• Markets Offered:
  • Forex, indices, metals, energies, and cryptocurrencies
• Account Types:
  • Classic Account – with mark-up spreads, no commission
  • Pro Account – raw spreads + commission
• Leverage:
  • Up to 1:200 for retail clients
• Deposit Methods:
  • Crypto (BTC, ETH, USDT), Skrill, Neteller, wire transfer

Regulation and Security

FXChoice operates under Belize’s IFSC, which offers light regulatory oversight and no client compensation scheme.

• Regulated by IFSC Belize – Licence No. 000067/301
• No regulation by FCA, ASIC, or CySEC
• No investor compensation or negative balance protection guaranteed
• Segregated client accounts are offered, but not externally verified

Pricing and Costs

FXChoice is transparent in its pricing model but lacks competitiveness compared to leading ECN brokers.

• Spreads:
  • Classic Account: From 1.4 pips (no commission)
  • Pro Account: From 0.0 pips, with $3.50 per side per lot
• Minimum Deposit:
  • $100 for Classic and Pro
• Deposit & Withdrawal Fees:
  • Deposits are generally fee-free
  • Withdrawal fees apply depending on method
• Inactivity Fee:
  • $5/month after 90 days of inactivity

Educational Resources and Customer Support

FXChoice provides basic trader education, but lacks structured learning and advanced market insights.

• Education:
  • Platform guides and glossary
  • No webinars, video courses, or trading strategy modules
• Market Analysis:
  • Basic updates and news headlines
• Customer Support:
  • 24/5 via live chat, email, and phone
  • Multilingual support – available in English, Spanish, Thai, and German

Risk Management Tools

Risk tools are limited to platform-based options, with no enhanced protection features offered.

• MT4/MT5 tools:
  • Stop-loss, take-profit, margin calls, and order types
• No guaranteed stop-loss orders (GSLOs)
• No advanced analytics or volatility protection tools
• No custom leverage management for retail clients

Pros and Cons

Pros

• Supports MT4 and MT5 with ECN execution
• Crypto deposits accepted
• Raw spread Pro account available
• Multilingual customer support

Cons

• Offshore regulation only (Belize IFSC)
• No investor protection or compensation scheme
• Limited asset offering compared to global brokers
• Minimal education and weak research tools
• Inactivity fees apply

Conclusion: Is FXChoice the Right Choice?

FXChoice may suit experienced offshore traders seeking MT4/MT5 access and crypto funding, but it’s not suitable for those seeking strong regulation, client protection, or broad market access. While spreads are acceptable and platforms reliable, the offshore licence and absence of investor safety measures significantly weaken its credibility.

For those prioritising security and transparency, IC Markets, Pepperstone, or AvaTrade offer a better balance of regulation, pricing, and product range.