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

3.956 • 310 REVIEWS
Also FXChoice.com
Updated: Jun 7, 2023

5 star review by Saiful, Bangladesh

FxChoice is a great broker. There was a technical glitch in my account, they fixed that in a very professional manner. Never had any problem with them. Withdrawal is fast as well.

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
Maximum Leverage: 200:1
Minimum to Open Live: $100
Established: 2010
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
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (35+)
Cryptocurrencies: (2) Bitcoin, Litecoin, Ethereum
CFD: (5+) Gold, Silver, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

MAM: ✅ Yes
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

Special offers

50% Welcome Bonus Expires: Dec 31, 2023

Get up to 50% fiat deposit bonus upon completion of turnover requirements. Terms and Conditions apply, may not be available in all countries.

65% Crypto Deposit Bonus Expires: Dec 31, 2023

Get up to 65% crypto deposit bonus upon completion of turnover requirements. Terms and Conditions apply, may not be available in all countries.

3.956 • 310 REVIEWS

Traders Reviews

Adana, Turkey,
May 8, 2023,
Registered user

Fast withdrawal

Service use: Live Length of use: over 1 Year
I've had an account with fxchoice for more than 3 years.I had not been trading in the fx market for about 1 year.
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.
Reply by George submitted May 11, 2023:
Dear TraderJumi,

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!

los angeles, USA,
Apr 12, 2023,
Registered user

Excellent service period.

Service use: Live Length of use: over 1 Year
I've had an account with fxchoice since before US clients were blocked due to governmental regulations.

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.
Sao paulo, Brazil,
Feb 21, 2023,
Registered user

Order that do not close

Length of use: 0-3 Months
all my orders for hours did not close and did not open. Look at their response.

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.

Totally insane.
1 trader has found this review helpful
Reply by George submitted Mar 14, 2023:
Dear rmcardoso,

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.

aruba, Aruba,
May 24, 2022,
Registered user

Customer service is terrible and got robbed

Service use: Live Length of use: over 1 Year
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.
1 trader has found this review helpful
Reply by George submitted May 25, 2022:
Dear bryanv,

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.
New York, USA,
Apr 12, 2022,
Registered user

Updated Review

Service use: Live Length of use: over 1 Year
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.


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).

1 trader has found this review helpful
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Frequently Asked Questions

Is FXChoice regulated?

FxChoice is regulated by the International Financial Services Commission of Belize (IFSC), Its license number is IFSC/60/191/TS/19

Is FXChoice legit?

The best way to see if FxChoice is a good and legitimate broker is to read the unbiased traders reviews on ForexPeaceArmy: https://www.forexpeacearmy.com/forex-reviews/8159/myfxchoice-forex-brokers

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?

FxChoice offers ECN on its Pro Account. Pro Accounts can be opened with a minimum initial deposit of $100.

How do I withdraw money from FXChoice?

To withdraw money from FxChoice:
  • login to the client BackOffice
  • once there, you will be able to see the available withdrawal options
Please note that FxChoice withdrawal options will vary depending on what country you live in.

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?

MyFxChoice processes nearly all withdrawal requests within 24 hours Monday through Friday.

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