FXChoice Review – Is FXChoice a Scam or a Good Broker?
Broker status
|
Regulated |
Regulated by
|
IFSC |
Scammers Websites
|
en.myfxchoice.com |
Blacklisted as a Scam by
|
N/A |
Owned by
|
N/A |
Headquarters Country
|
Belize |
Foundation year
|
2010 |
Supported Platforms
|
MT4, MT5 |
Minimum Deposit
|
$100 |
Cryptocurrencies
|
Forex, Commodities, Shares, Indices, Crypto |
Types of Assets
|
N/A |
Maximum Leverage
|
1:200 |
Free Demo Account
|
Yes |
FXChoice Regulations and Security
FXChoice Ltd is the broker that owns FXChoice Ltd. It is registered in Belize. An offshore regulatory body IFSC regulates the broker.
The Terms & Condition broker cannot guarantee the safety of your data and funds. Email security cannot be guaranteed. By sending sensitive information via email you accept this risk. If you send documents to their support by email, they can’t guarantee the security of your ID, passport or address. They also cannot guarantee your banking details.
FXChoice broker has a very convincing start.
Warnings from Financial Regulators
FXChoice has many warnings. FSCA South Africa states that FXChoice was part of a $1 million fraud with Mirror Trading International. According to FSCA this company was among the first to use MTI to transfer BTC and had to reimburse around 1,200 BTC to Africans.
We will bet you’ll agree to our statement – FXChoice scam
FXChoice Trading Platform
Clients can choose from MT4 or MT5 FXChoice trading platforms.
Clients can trade with currency pairs or CFDs when using MT4. They also have an Auto trader. Multilingual platform available in English, German and Czech. Also, Spanish, Portuguese. Thai, Farsi, Czech and Greek. Clients have access to chart analysis tools, instant trade execution, and future trade execution on the platform. It is available on Windows, Mac, iOS and Android.
The MT5 has a stop limit order function, which supports both traditional netting as well as hedging options. There are also more indicators.
In what countries does this broker operate?
The broker terms and conditions state that the broker can operate in any country where it is not prohibited by local law. We were unsure what this actually means so we looked at FXChoice reviews from clients.
It seems that FXChoice brokers are primarily targeting the UK, Scandinavia and Malaysia as well as South Africa, as previously mentioned.
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FXChoice: Video
Below you will find a short video about FXChoice. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about FXChoice!
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Copywriter with more than 10 years of experience. Wrote analytical content for one of the largest forex brokers in the world. Works as an editor-in-chief at assistance-refund.com
FacebookFAQ
- What is FXChoice?
FXChoice is an offshore trading company registered in Belize.
- Is FXChoice regulated?
The broker has regulation by an offshore regulatory body, IFSC.
- What is the FXChoice minimum deposit?
The minimum deposit with this broker is 100$ and can be made via debit/credit card, wire transfer and E-wallet.
- Is my money safe with an FXChoice broker?
FXChoice was involved in an $1 million worth scam. We would not recommend this broker as a safe option.
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