FXChoice review: Is it a legit or scam forex broker?

I had a some money in my account that i had saved there more than a year there without trading and I don't know how was it possible but my account was managed by someone who i really don't know. Know a year after when i come and see my account. I only find around $2. 41 cents out of $510 dollars. Now i contacted them and the only things they did is " we will open a case " but that was all. Now i lost my money because someone who i don't know or don't have contact manage my account and lost my money. The company isn't doing anything. I though they might report it to the autority but they really don't care about you. They just want you to use your money cause they want to win.

I previously provided a review of FX Choice where I complained about the long delays making Crypto withdrawals for U.S. Clients. After speaking with George A. via direct message, he helped me to understand the reason for the delays which actually made a lot of sense.

George A. also explained that the Platform is is regulated in Belize and as such, does not have to respond to U.S. regulators. In my opinion this is great news as the U.S. tends to over regulate what can be done in accounts. Especially when it comes to leverage amounts types of products offered.

The withdrawal timing was my only real complaint. So since I was able to get a better understanding of the withdrawals, I felt it was appropriate to update my review rating. Overall, this is a good platform. I'm not saying its perfect but no platforms really are. I'm sticking with FX Choice.

-Tedmo0285

Mar 16, 2022 - 2 Stars Stay away from this broker! This broker is not regulated. Very difficult to get crypto withdrawals out. Long delays. Not worth the headache.

Reply by George submitted Mar 21, 2022 Dear Tedmo0285,

We are so sorry to read your review.

As you left no identifying marks in your review, nor do we recognise your complaints, we tried to contact you directly by private message so we could get some further details and establish your identity, but you never responded.

You say that we are not regulated? This is untrue. We are regulated by the Financial Services Commission of Belize.

You say that our crypto withdrawals are difficult to get out with long delays – this cannot possibly be true. Our crypto withdrawals are normally processed the same day, unless the request is made late in the evening, especially on a Friday (as it may not be processed until Monday).

FXChoice

I started with these guys as a newbie when I didn't know any better. After two years of trading I can now say these guys are a complete joke. They work against you constantly. Isn't your commission enough? Huge fun spreads right as you're ready to take profit. A 3 pip spread magically becomes 13 pips when your TP hits. Market orders can get you easily 30 pips in drawdown. Unregulated and unethical. coitus these guys! I'm done!

P.S. I know you'll respond saying how sorry you are but you won't address the magical growing spread at TP. I love making dare you!

This company is a straight joke, I promise you… do not use this scam of a company. Their system will make a mistake , cost you, and they’ll try to somehow blame it on you. This company is super unethical & now I am on the slowness hunt to get them shut down. I have a good network of powerful people, going to be sending out some emails. It will take some time but I will ruin this companies reputation, put them in front of legislation eyes and show them I AM NOT TO BE MESSED WITH. They don’t have enough money to handle what’s coming for them.

i know fxchoice is trust worthy broker(from what i have heard) but trading expenses are high , wide spreads and high commissions.