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
|Minimum Trade Size:||0.01|
|Minimum to Open Live:||$100|
|Address:||Corner Hutson & Eyre Street, Blake Building, Suite 302,Belize City, Belize|
|Contact:||email@example.com, +52 55 6826 8868|
|Trading platforms:||MT4, MT5|
|Web Trading:||✅ Yes|
|Mobile Trading:||✅ Yes|
|Cryptocurrencies:||(2) Bitcoin, Litecoin, Ethereum|
|CFD:||(5+) Gold, Silver, Stock Indexes, Oil, Other Commodities|
|Deposit Methods:||VISA, MasterCard, AstroPay, Bitcoin, ePayments, Ether/Ethereum, FasaPay, Neteller, PaySafe Card, PerfectMoney, Poli, Qiwi, Rapid Pay, Skrill, UnionPay|
|Withdrawal Methods:||Bitcoin, Ether/Ethereum, FasaPay, Neteller, PerfectMoney, Skrill|
Get up to 50% fiat deposit bonus upon completion of turnover requirements. Terms and Conditions apply, may not be available in all countries.
Get up to 65% crypto deposit bonus upon completion of turnover requirements. Terms and Conditions apply, may not be available in all countries.
I wanted to return to the fx market again and I wanted to start trading again with the Fxchoice company that I had traded and had no problems with before.
I've been trading for 2 weeks and it's going very well. I made a profit as much as the money I deposited and wanted to withdraw it last Friday, on the same day, the money was in my account in tether.
The customer representative was very kind and helpful.
Thank you Fxchoice for your service quality. I recommend this company to everyone.
It was such a pleasure to read your glowing review and that you’ve returned to trading after a break.
We work tirelessly in improving our services, including our deposit and withdrawal methods, so to read that you had a smooth experience with crypto lets us know we’re on the right track.
We wish you all the best in your future trading!
Excellent service period.
Although, they were not allowing new customers from USA they did permit existing retail traders continue trading.
My experience always positive never any problems or dishonesty from this broker and customer service always responsive.
Withdrawal request and deposit all promptly handled.
I was in southeast asia last year and when I submitted a withdrawal request after a few additional security steps my money was processed quickly.
At the moment that, I am submitting this rewiew already requested another withdrawal. In future plan to fund 50k live account with them.
Order that do not close
Please note that our short-term issues were resolved today around 10:00 server time (please see our reply to your ticket 22708694). Which means you had complete control over your open orders since the mentioned timestamp. Therefore, we regret to say we are not in a position to provide any kind of compensation as regards to your query.
Your review concerns an outage on one of our servers which temporarily left clients unable to open or close trades. We are very happy that we were able to find a mutually agreeable solution with you, and we look forward to our future cooperation.
Best wishes and happy trading.
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.
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.
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).
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