FXChoice
3.5

FXChoice

Financial Services Commission of Belize (IFSC)

Pros
  • Good reputation and years of operation
  • Worldwide coverage with international trading
  • Good Instrument Choice No 24/7 support
  • Good Educational Resources
  • Low Fees and Swaps
Cons
  • No top-tier regulation, operates only through offshore entities
  • Only FX and CFD trading

Reviewed broker: FX Choice

Operated by FX Choice Ltd.

Location: Belize

Regulation: Financial Services Commission of Belize (IFSC)

ECN environment: yes

No dealing desk: yes

Note: At the time of this FXchance review, some parts of the broker’s website are not working properly and are giving errors

Trading Features and Conditions

Trading instruments: Forex, Indices, Commodities, Shares

Base currency: USD, EUR, GBP, AUD, CAD, Bitcoin and Gold.

Currency pairs: 28

Trading accounts: Classic, pro

Demo account: available 

Minimum trade size: 0.01

Maximum leverage: 1:200

Margin level for hedge/lock positions: 50%

Average fixed spread: 1.2 pips

Average floating spread 0.5 pips plus $3.86 commissions per standard lot traded

Expert advisors: yes

VPS hosting: free for traders with monthly balance of $3,000

Why is trading with a VPS so much safer than trading from your home computer?

Your trading device is likely connected to a home internet service and national electricity grid. Why would this be a problem? Well, if you lose internet connectivity, even for a few moments, you could miss the perfect opportunity to enter a trade. With VPS, you’re guaranteed a round-the-clock stable power source and internet connection. There are dedicated team of professionals keeping your VPS up and running 24 hours a day, seven days a week.

MetaTrader 4 Optimum

Our newest account type, the Optimum allows you to start trading with as little as USD 10, leverage up to 1:1000 and zero commissions.

MetaTrader 4 Optimum Individual

Suitable for all types of traders, the Optimum account provides zero-commission trading with competitive spreads and trading conditions.

  • Tight spreads starting from 1.5 pips
  • Leverage up to 1:1000
  • Minimum lot size: 0.01 lots
  • Rebate up to USD 2 per side, per notional amount of USD 100,000. 
  • Execution: NDD, Market
  • Margin call / Stop out: 25/15
  • Forex CFDs: 36 currency pairs
  • More CFDs: Indices, Metals & Energies, Crypto

MetaTrader 4 Classic

Try out our MT4 Classic account. Take full advantage of Non-Dealing-Desk technology, tight spreads, fast execution and commission-free trading.

Take full advantage of Non-Dealing-Desk technology, tight spreads, fast execution and commission-free trading.

  • Tight spreads starting from 0.5 pips
  • Minimum lot size: 0.01 lots
  • Rebate up to USD 2 per side, per notional amount of USD 100,000. 
  • Execution: NDD, Market
  • Margin call / Stop out: 25/15
  • Forex CFDs: 36 currency pairs
  • More CFDs: Indices, Metals & Energies, Crypto

MetaTrader 4/5 Pro

Try out our MT4/5 Pro account. Take full advantage of Non-Dealing-Desk technology, spreads from 0 pips and direct market liquidity provided by the largest banking institutions in the world.

Take full advantage of Non Dealing Desk technology, spreads from 0 pips and direct market liquidity provided by the largest banking institutions in the world.

  • Minimum deposit: USD 100
  • Tight spreads starting from 0 pips
  • Commission: USD 3.5 per side (USD 1.5 for high-volume traders, per notional amount of $100,000.
  • Minimum lot size: 0.01 lots
  • Leverage: Forex, metals — up to 1:200;
  • Margin level for hedge/lock positions: 50%
  • Execution: NDD, Market
  • Margin call / Stop out: 25/15
  • Forex CFDs: 36 currency pairs
  • More CFDs: Indices, Metals & Energies, Crypto, Shares
  • Any EAs permitted

Trading Platforms

MetaTrader 4 (MT4)

The award-winning MT4 platform is by far the most popular trading application in forex. We took the MT4 platform and combined it with rapid market execution, competitive conditions and interbank liquidity.

The platform is an ideal vehicle for international clients to trade CFDs in Forex, Indices, Commodities, Crypto and Shares.

It also offers Expert Advisor compatibility (Auto Trading Systems), the best selection of the most important symbols (currency pairs) as well as a galaxy of analytical tools.

  • Very user-friendly
  • Multi-lingual platform
  • Chart analysis tools
  • Multiple charts and analysis display
  • Expert Advisor compatibility
  • Instant and future trade placement

MetaTrader 5 (MT5)

The MetaTrader 5 trading platform is probably the best and most advanced trading platform available. With the best elements of its predecessor MT4 coupled with new, innovative features, the platform provides the user with a comfortable and seamless trading experience.

The MetaTrader 5 platform is the logical successor to the successful MT4 platform and has taken the Forex field by storm since its release in 2010. According to Metaquotes, MT5 is, however, not just the new version of MT4, but a completely new platform with brand new features.

  • New order type: stop limit order
  • Display of market depth
  • Free professional charting tools
  • Supports both the traditional netting and hedging options
  • More indicators (80+)
  • EA compatibility and powerful EA testing environment
  • Multi-lingual platform

Web Terminal for MT4 and MT5

The Web Terminal, available for both MT4 and MT5 users, allows you to trade via a browser without the need for downloading additional software.

Trade directly from your FXChoice account in your preferred browser and save time (and disc space). Simply log in and start trading.

Payment options Deposits And Withdrawals

Minimum deposit requirement: $10

Payment methods: wire transfer, credit cards, Skrill, Neteller, Fasapay, Bitcoin, perfect money, epayments, trustly, asktropay, paysafecard.

Customer assistance for the clients 

Customer support: email, live chat, callback 24/5

How was the rating of Fxchoice performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Fxchoice FX broker performance and features. 

Overall our online Fxchoice review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Fxchoice or you find inaccurate details Fxchoice broker review please get in touch with us and the changes will be applied.  

FXChoice Details

Trading Platforms
Maximum Leverage
Account Options
Trading Instruments
Minimum Deposit
Educational Material
Representative Offices

FXChoice is an ECN broker offering forex and CFD trading on the MetaTrader platforms, two live accounts, and a demo solution.

3.0
Regulation and Security
6.0
Platforms and Features
4.0
Deposit and Withdrawal
1.0
Educational Material
3.5 Overall Rating
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