FXChoice review: Is it a legit or scam forex broker?
5 star review by Saiful, Bangladesh
What is FXChoice?
FxChoice (MyFxChoice.com) is is a forex broker that offers MT4, MT5 and MT Mobile trading currency platforms.
FX Choice trading instruments include over 35 currency pairs, CFDs, commodities, indices, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.
Please read FxChoice reviews below and share live trading experiences with this broker.
Other websites of this company include FXChoice.com
Broker Details
Minimum Trade Size: | 0.01 |
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Maximum Leverage: | 200:1 |
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Minimum to Open Live: | $100 |
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Established: | 2010 |
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Address: | Corner Hutson & Eyre Street, Blake Building, Suite 302,Belize City, Belize |
Contact: | info@myfxchoice.com, +52 55 6826 8868 |
Regional offices: | |
Regulators: | FSC #IFSC/60/191/TS/19 |
Prohibited countries: |
Trading platforms: | MT4, MT5 |
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Web Trading: | ✅ Yes |
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Mobile Trading: | ✅ Yes |
ECN: | ✅ Yes |
Currencies: | (35+) |
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Cryptocurrencies: | (2) Bitcoin, Litecoin, Ethereum |
CFD: | (5+) Gold, Silver, Stock Indexes, Oil, Other Commodities |
Trading Conditions |
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EAs/Robots: | ✅ Yes |
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Scalping: | ✅ Yes |
MAM: | ✅ Yes |
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Deposit Methods: | VISA, MasterCard, AstroPay, Bitcoin, ePayments, Ether/Ethereum, FasaPay, Neteller, PaySafe Card, PerfectMoney, Poli, Qiwi, Rapid Pay, Skrill, UnionPay |
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Withdrawal Methods: | Bitcoin, Ether/Ethereum, FasaPay, Neteller, PerfectMoney, Skrill |
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Special offers
Get up to 65% crypto deposit bonus upon completion of turnover requirements. Terms and Conditions apply, may not be available in all countries.
Get up to 50% fiat deposit bonus upon completion of turnover requirements. Terms and Conditions apply, may not be available in all countries.
Traders Reviews
Customer service is terrible and got robbed

We are so disappointed to read your review.
When you came to FXChoice, you agreed that you understood your Money Manager was not an employee of FXChoice. Now you say that you don’t even know who your Money Manager is. You joined up through his unique link, which connected you to his MAM account.
You need to contact your Money Manager (who we reiterate is not an employee of FXChoice) if you are unhappy with the way he traded on your behalf. We do not recommend any particular Money Manager; we simply provide an environment for Money Managers to trade on their clients’ behalf.
We want to stress again that it is your own responsibility to control your relationship with your Money Manager. No Money Managers work for FXChoice.

Updated Review
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

Stay The Hump Away from FX Choice!
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!

Thank you so much for leaving your account info. We were able to find you in our system and properly understand the situation before replying.
We confirm to other readers that you have indeed been with us for over two years, but you have only ever contacted us once directly about a connection issue. If you were having problems with specific trades, you need to contact us directly immediately and not vent your frustrations on a general public forum. Perhaps there was a problem that needs to be addressed and we didn’t notice it.
We encourage you to contact our customer service as soon as possible and submit a trade dispute, if you feel your trades were executed incorrectly.
Best wishes and we hope to hear from you soon!
FXChoice

This company is very unethical.

You did not leave any identifying marks in this bizarre rant. We take serious exception to your claims and tried to contact you directly prior to posting this response.
We simply do not know how to respond to these baseless claims. Please contact our customer service so we can look into your case properly.
FXChoice

high spreads high commissions

We are so sorry to read your review.
Our spreads and commissions are very competitive, and we believe they offer excellent value to our clients. Also, don’t forget that our clients can lower their fees by climbing the Pips+ loyalty programme.
Suggesting that we have high trading fees depends on which brokers you compare us to. At FXChoice, we constantly improve our services and find new ways to simplify our clients’ trading experience, bringing their costs down.
Best wishes and happy trading!
FXChoice
Frequently Asked Questions
Is FXChoice regulated?
Is FXChoice legit?
Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
Additionally, we recommend that you check recent MyFxChoice community discussions: https://www.forexpeacearmy.com/community/tags/myfxchoice/
Is FXChoice an ECN?
How do I withdraw money from FXChoice?
- login to the client BackOffice
- once there, you will be able to see the available withdrawal options
Is FXChoice a market maker?
FxChoice acts as a market maker for Classic Accounts, and also offers ECN accounts called Pro Accounts.
How long does it take to withdraw from FXChoice?
When the withdrawal is processed, the time before the money is received will vary depending on the method of payment you chose.
- eWallet withdrawals should be nearly instant
- Bank wires can take as much as 10 days to arrive