FXChoice is not a scam, as it passed our strict reviewing process and is considered a top-rated forex broker . FXChoice is regulated and has been in business since 2010. It has won numerous awards for its customer service and welcomes a large majority of customers from various countries including the U.S.

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Platforms & Tools

Each broker we review is judged on the same 10 key areas. We include different instruments and holding positions overnight. We check not only the licenses the broker claims to have for different countries, but whether these licenses are up to date too. We look for specific features such as customizability and trading signals.

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Overview
Fees and commissions
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Opening an account
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Our verdict

review

Q: Is FXChoice regulated?

Yes, our FXChoice review team found that the broker is regulated by IFSC in Belize. Whilst this isn’t considered to be a top-tier authority, IFSC-regulated brokers do have to submit monthly reports and have their own complaints procedure. FXChoice also has consistently good user reviews, which allows you to trade with confidence.

Q: What is the minimum deposit at FXChoice?

The minimum deposit at FXChoice is just $100, for all account types. This is low starting capital compared to many other brokers , making it a perfect choice for beginners. Beginners will also benefit from a clear pricing strategy and educational materials.

Q: Does FXChoice charge commission?

FXChoice does not charge commissions on Classic accounts. If you opt for the Pro account, however, you will be subject to commissions of $3.5 per notional amount (per side) of $100, 000. To make up for this fee, Pro account holders enjoy tighter spreads and a range of research tools.

Q: What FXChoice account types are there?

FXChoice offers two account types, Classic and Pro. The Classic is a one size fits all account without any commissions to worry about. The Pro account, in contrast, boasts tighter spreads yet does charge commissions. FXChoice also allows you to open Islamic accounts and multiple demo accounts.

28 October 2020 - Kate Leaman

Our FXChoice forex broker review team can confirm that this is a highly reputable broker that boasts regulation from IFSC. Having been in business since 2010, with FXChoice you can now trade forex, cryptocurrency CFDs, index CFDs, and commodity CFDs on MetaTrader 4 or MetaTrader 5. FXChoice also stands out with its range of additional trading tools, from Myfxbook AutoTrade to hand-picked Expert Advisors. This adds up to a broker that’s not only perfect for beginners but experienced traders too.

Offers 50+ instruments plus beginner-friendly materials
Offers a discount on commissions for active traders
Licensed by IFSC in Belize
Best broker for automated and social trading
No share CFDs available

overall scores

In this review, you can find all the information you need to decide whether is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how scored in each of our high-priority categories.

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Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts. Since 2015, we’ve reviewed over 200 forex brokers.

Commissions & Fees

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Licensing & Safety

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