FXChoice Review
4.8/5

FXChoice Review

✅ Begginer friendly
✅ Regulated
✅ Extensive educational content
✅ Great customer support

Home » FXChoice Review
OverallCommissions & FeesLicensing & SafetyPlatforms & Tools
Points90879291
*To test the broker, we used our unique and detailed methodology, which assesses over 200 criteria points in 10 key areas.

OverviewFees and commissionsSafety Opening an accountAccount typesTrading PlatformsMarkets and products Research toolsEducation and trainingCustomer supportOur verdict

review

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.


  • Pro Offers 50+ instruments plus beginner-friendly materials
  • Pro Offers a discount on commissions for active traders
  • Pro Licensed by IFSC in Belize
  • Pro Best broker for educational materials
  • Con 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.


FXChoice fees and commissions

FXChoice has two pricing structures available, and our review team found they were both competitive with other similar brokers. Classic accounts only pay spreads without any commissions, while Pro accounts benefit from tighter spreads and pay commissions. The broker also has average non-trading fees as it doesn’t charge for inactive accounts or account maintenance, yet it does charge for deposits and withdrawals. Overall, FX Choice’s trading costs make it an appealing option if you’re not sure how often you want to trade.


Our experts have reviewed FXChoice’s fees based on how they compare with the fees of other reviewed brokers. For each broker, we analyze both trading fees and non-trading fees:
– Trading fees are charged every time you place a trade. They include spreads, commissions, overnight and rollover fees, and currency conversion fees.
– Non-trading fees aren’t directly related to trading, but you should consider them as they make up the cost of using a certain broker. They include payment fees and inactivity fees.
Below you will find a snapshot of the fees charged at FXChoice. Our experts have created these tables based on the fees applied to a standard account. We consider a standard account to be the one that will appeal to most traders, often not the cheapest option but not a premium option either.
The FXChoice broker review shows:

Trading Fees*

TYPE OF FEECOST
Minimum Spread EURUSD (pips)
Commission (%)%
Commission on Islamic Accounts (%)%
*Based on Standard account type.

Non-Trading Fees

Account FeeN
Inactivity FeesN
Deposit FeesN
Withdrawal FeesN

FXChoice trading fees

As mentioned, FXChoice offers competitive to average trading fees. For transparency, you can view all of the spreads and commissions on the pages dedicated to each asset. Interestingly, FXChoice lists the spreads in terms of USD (or the account currency) instead of pips. The broker then includes a separate column with the pip value in USD. This method of listing spreads may be easier if you’re a trader beginning to grasp the markets, although it may take a little bit of time for experienced traders to get used to.

For your convenience and to allow you to compare brokers easily, our FXChoice review lists the spreads in pips. Note that as FXChoice has variable spreads, the spreads listed here may have changed significantly by the time you go to trade. The following gives you an idea of the minimum spreads, as listed in the FXChoice Real-Time Spreads Table at the time of writing, starting with Forex.

  • EUR/USD: 1.4 pips for Classic, 0.6 pips for Pro
  • GBP/USD: 2.2 pips for Classic, 1.3 pips for Pro
  • USD/CHF: 1.8 pips for Classic, 1.0 pips for Pro
  • CAD/JPY: 2.0 pips for Classic, 1.5 pips for Pro

Trading cryptocurrency CFDs with FXChoice gives you pips of 0.01 and the following spreads:

  • LTC/USD: 0.37 for Classic, 0.38 for Pro
  • ETH/USD: 1.02 for Classic, 1.01 for Pro
  • BTC/USD: 28.00 for Classic, 28.00 for Pro

The pips for index CFDs on FXChoice are also listed in terms of USD, as are the spreads. The following provides you with all the information you need to calculate and compare spreads on these assets. You will notice that spreads are identical for both Classic and Pro accounts.

  • USTECHIndex: 1 pip = 0.10 USD, spreads from 15.00 USD
  • USD500Index: 1 pip = 1.00 USD, spreads from 78.00 USD
  • USD30Index: 1 pip= 1.00 USD, spreads from 23.00 USD
  • UK100Index: 1 pip = 1.27 USD, spreads from 102.93 USD
  • JAPANIndex: 1 pip = 0.91 USD, spreads from 73.10 USD
  • DE30Index: 1 pip = 0.11 USD, spreads from 49.78 USD

FXChoice uses the same format for listing its spreads and commissions for precious metals and energy. Precious metals have separate spreads for Classic and Pro accounts, as follows:

  • XAU/USD: 1 pip = 1.00 USD, spreads from 45.00 USD for Classic, 38.00 for Pro
  • XAG/USD: 1 pip = 5.00 USD, spreads from 60.00 USD for Classic, 60.00 for Pro

Spreads for Classic and Pro accounts are the same for energies, as follows:

  • WTICrude: 1 pip = 10.00 USD, spreads from 22.00 USD
  • BrentCrud: 1 pip = 10.00 USD, spreads from 22.00 USD
  • WTISpot: 1 pip = 1.00 USD, spreads from 69.00 USD
  • BrentSpot: 1 pip = 1.00 USD, spreads from 94.00 USD

Those with Classic accounts can participate in the Pips+ Loyalty program where higher trading volumes result in spread refunds. There are four tiers to the program, each with its own trade or equity requirements and rebates per $1M.

  • Tier 1: $250,000 equity or $100M traded, rebate of $20
  • Tier 2: $100,000 equity or $50M traded, rebate of $15
  • Tier 3: $50k equity or $25M traded, rebate of $10
  • Tier 4: $10k equity or $10M traded, rebate of $5

FXChoice commissions

As you review FXChoice’s trading fees, you will notice that only Pro accounts pay commissions on specific assets. The commissions vary based on asset type and the specific instrument yet in general they can be calculated as $3.5 per notional amount (per side) of $100, 000. Commissions are only charged on forex and precious metals.


On Pro accounts, the Pips+ Loyalty program results in lower commissions or commission refunds. The tiers have the same requirements as those for Classic accounts, although there is also a Tier 5, which is the default tier. The commissions for Pro accounts are as follows:

  • Tier 1: $15
  • Tier 2: $20
  • Tier 3: $25
  • Tier 4: $30
  • Tier 5: $35

Financing/overnight rates

As expected, FXChoice does charge overnight swap rates. You can view this information on the relevant product specification page by clicking on the name of the instrument in the chart. The following provides you with some sample rates, stated in pippets (equal to 1/10 of a pip):

  • EUR/USD: -2.646 swap long, 1.045 swap short
  • GBP/USD: -0.42 swap long, 0.0665 swap short
  • USD/CHF: 1.29062 swap long, -3.43415 swap short

Swaps are charged on all positions left open from 23:59:45 to 23:59:59 (server time). You will incur triple swap charges on Wednesdays, as is the industry standard, to account for the weekends when the markets are closed.

Non-trading fees

One of the standout areas of FXChoice is that this broker does not charge any inactivity fees. This is a very nice trait that beginners will particularly appreciate, as it removes the pressure to constantly trade. Both deposit and withdrawal fees vary by payment method, but options with no fees are available for both deposits and withdrawals.


XChoice safety

Our review of FXChoice found the forex broker to be relatively safe thanks to regulation by IFSC. Whilst this is not considered to be a top-tier authority, the broker is also committed to risk management and has a strong history within the industry. This, paired with positive client reviews, means that you can still trust the broker to operative responsibly.


Pros
  • Regulated by IFSC
  • Over a decade of experience
  • Segregated client funds
Cons
  • Only regulated by one organization

No client compensation scheme

FXChoice licenses and regulation

FX Choice Limited is regulated and authorized by the IFSC (International Financial Services Commission) of Belize with license number IFSC/60/191/TS/19. It has the registration number 105,968.

Is FXChoice safe?

Our review methodology considers several factors to ensure that all of our recommended brokers are safe and reputable. Alongside the number and strength of licenses, we also consider:

  • What protection and/or insurance FXChoice offers should something go wrong
  • FXChoice’s reputation, history, and management

FXChoice client protection

One of the few downsides of FXChoice is that it does not appear to offer client protection in the form of a compensation scheme. While this is certainly a disadvantage, it is only a minor one as FXChoice is unlikely to become insolvent, which is the only time that a compensation scheme would apply. Moreover, as FXChoice holds client funds in segregated accounts, this ensures that your funds are secure.

Client Protection

Country Legal EntityProtected Up ToRegulators
InternationalFX Choice LtdNo ProtectionIFSC

It is also worth taking into account that IFSC regulations require monthly reports to be submitted which include details on unimpaired capital and trading volumes. It also requires a customer complaints procedure to hold a license.
Our FXChoice forex broker team points out that all clients receive negative balance protection, as outlined in the client agreement. This makes it impossible to lose more than you initially invest. Additionally, FXChoice has a dedicated risk management department that constantly monitors all management operations, helping ensure that the broker complies with policy and regulator obligations.

FXChoice background and reputation

Since its inception in 2010, FXChoice has gained a solid reputation and has already weathered a range of economic conditions. This shows that it is not a fly-by-night operator and should inspire confidence. Moreover, in that time, the broker has not faced any major scandals. FXChoice has a 4-star rating with Forex Peace Army, which is based on existing and former client reviews.


Opening an account with FXChoice

Opening an account with FXChoice is straightforward, as you can complete the entire process online. Filling out the digital application and submitting copies of the relevant documentation takes just a few minutes, and accounts are usually approved within 23 hours. With a minimum deposit of just $100 (or 100 units of your chosen base currency), opening an account with FXChoice also is highly accessible.


Is FXChoice available in your country?

Our review of FXChoice found that the forex broker accepts clients from nearly everywhere in the world. Impressively, it even accepts clients from the United States. If you are residing in the following countries, however, you cannot open an account with FXChoice:

  • Afghanistan
  • Belize
  • Spain
  • North Korea
  • Iraq
  • Sudan
  • Spain
  • Syrian Arab Republic
  • Italy

How to open an account at FXChoice

As mentioned, it is quick and easy to open an account with FXChoice, as you only need to take the following steps:

What you will need to open an account

Before you start registration, please make sure you have the following information on hand, as FXChoice will need you to enter these details.

  • Personal information – Full name, date of birth, country, phone number, email address, and taxpayer ID.
  • Regulatory information – FXChoice requires regulatory information consisting of the above information and the below documentation.
  • Documentation – A color copy of a government-issued ID, such as a passport, and a document to verify your address, such as a recent utility bill.

To open an account with FXChoice, you’ll need to provide proof of identity and proof of address. This process allows FXChoice to meet KYC (Know Your Customer) guidelines. KYC guidelines keep you safe and stop the broker from accidentally facilitating illegal practices, such as money laundering.

What is the minimum deposit at FXChoice?

As you compare and review the FXChoice broker, you will find the $100 minimum deposit to be highly accessible. This is the same whether you choose a Classic or Pro account.

FXChoice payment methods

You are almost guaranteed to find a payment method that fits your needs at FXChoice. Additionally, our FXChoice review team found that the broker accepts an impressive range of currencies including USD, GBP, EUR, CAD, AUD, Gold, Bitcoin Cash, Bitcoin, XRP, Litecoin, and Ethereum. Many of the payment methods do charge small fees, which are only viewable when logged in, yet there are still multiple fee-free payment methods.

Payment Methods

METHODDEPOSITING TIMEACCEPTED CURRENCIESDEPOSITING FEEMAX. DEPOSITWITHDRAWALWITHDRAWAL TIMEMINIMUM WITHDRAWALWITHDRAWAL FEE
Wire TransferUp to 5 working daysEUR, GBP, CAD, AUDN/AY
Up to 5 working days1,000 EUR0.25%, Min 150 EUR, Max 1,000 EUR
SkrillInstant41 currenciesSmall service feeY
Within 1 business dayN/A1%
NetellerInstantAllSmall service feeY
Within 1 business dayN/AN/A
CryptocurrenciesInstantBCH, LTC, ETH, XRP, USDT0.5%Y
Within 1-3 business daysN/A~0.002 BCH, ~0.02 LTC, ~0.005 ETH, ~3.00001 XRP, ~0.0004 BTC for USDT
VisaInstantAllSmall service fee
MastercardInstantAllSmall service fee
FasaPayInstantAll0.5%, Max 5 USDY
Within 1 business dayN/A0.5%, Min $0.01, Max $5.00
Perfect MoneyInstantAll1.99% for unverified or 0.5% for verified accountsY
Within 1 business dayN/A0.5%
Paysafecard via SkrillInstantUSD, GBP, EUR10%Y
Within 1 business dayN/A3.5%
AstropayInstantAllSmall service feeN
POLiUpon receipt of fundsAUDSmall service feeN
VLOADInstantAll6.5%N
STICPAYAutomatedAllSmall service feeY
Within 1 business dayN/AN/A
AIRTMAutomatedUSD, CryptosN/AY
Within 1 business dayN/AN/A
ADVANCED CASHAutomatedUSD, RUB, EUR, KZT, BRL, UAHN/AY
Within 1 business dayN/AN/A
EPAYAutomatedUSD, HKD, JPY, GBPN/AY
Within 1 business dayN/AN/A

FXChoice account types

Our broker review outlines the two types of accounts that are available from FXChoice, the Classic and the Pro. The two accounts are very similar, but they have slightly different pricing mechanisms, and we recommend that beginner traders choose the Classic account. You can open up 15 live accounts at FXChoice, however, which enables you to try out both types. You can also contact FXChoice to increase this limit. The following table outlines the major differences and similarities in the two account types at FXChoice.

Account Types

CLASSICPRO
Minimum Deposit$100$100
Max Leverage1:2001:200
Minimum Order SizeFrom 0.5 pips0.01 lots
SpreadsFrom 0.5 pipsFrom 0.0 pips
CommissionN/A$3.50 per notional amount per side of $100,000
Available Instrument TypesForex, cryptocurrencies, commodities, metals, energiesForex, cryptocurrencies, commodities, metals, energies
Available Instruments50+50+
Trading PlatformsMetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5
Automated TradingYY
Execution TypeNDD, Market makerNDD, Market maker

Demo accounts

Our FXChoice review team strongly encourages you to take advantage of the forex broker’s demo accounts, which are available for both Classic and Pro account types. Unlike most brokers that require you to contact them to extend your demo accounts, FXChoice sets up its demo accounts so that they never expire unless you fail to log into them for 90 days. As such, you can keep using your demo accounts indefinitely.

This makes them particularly helpful for strategy testing. FXChoice allows for an impressive 20 open demo accounts by default, with the ability to contact the broker to increase this number. This way, you can use each account for a different strategy if you prefer. You can also easily add more virtual funds to your demo accounts whenever you want, allowing you to continue using them.

Islamic accounts

Both account types can be converted into Islamic swap-free accounts at FXChoice. To do this, you’ll first need to create an account and visit the Profile section. Click on ‘Islamic account’ and follow the quick instructions to submit your request within seconds.


Due to the lack of swap charges on Islamic accounts, you will find that there is a commission charged. In situations when the swap would be positive, the commission is zero. In cases with negative swaps, the commission is 75% of the relevant swap. Although this is a minimal fee, it is disappointing as it makes the accounts still unsuitable for some Muslim traders.


FXChoice trading platforms

Although FXChoice does not offer a proprietary trading platform, it is a solid MetaTrader broker. Offering both MT4 and MT5, FXChoice gives you access to the world’s most popular forex and CFD-trading platforms. Both are available for mobile devices and come loaded with features. MT4 and MT5 are also intuitive enough for beginners to use while offering the features that experts need and want.


FXChoice offers two trading platforms. A trading platform is simply a software interface that allows you to place trades. Trading platforms often come with charting, research, and order processing tools too. To ensure that we only recommend high-quality brokers, our reviewers have tried and tested each of FXChoice’s trading platforms. When doing so, they considered a range of factors including how easy the platforms are to use, what features each trading platform offers, and how suited each platform is to different types of traders.

Trading Platforms

METATRADER 4METATRADER 5
Instrument ClassesForex, cryptocurrencies, indices, commoditiesForex, cryptocurrencies, indices, commodities
Number of Instruments50+50+
Number of Order Types46
Number of Indicators3038
Number of Drawing Tools3144
Robots/EAsYY
Social/Copy TradingYY
DownloadableYY
DownloadableExplorer, Safari, Chrome, FirefoxExplorer, Safari, Chrome, Firefox

MetaTrader 4

If you are a beginner, our review of the FXChoice Forex broker encourages you to start trading with MetaTrader 4. MT4 is compatible with FXChoice’s Expert Advisor systems and is multilingual. There are multiple displays for charts and analysis and you can place four different order types. You can also enjoy 30 technical indicators, 31 graphical objects, and nine timeframes. MT4 also offers a single-thread strategy tester.


This platform is compatible with Windows and Mac computers, plus Android and iOS mobile devices. It is also available as a Web Terminal, with no downloads required and the ability to trade in the browser of your choice. The WebTerminal includes universal trading activity access, basic analytical objects, real-time quotes via MarketWatch, and customizable price charts.

MetaTrader 5

If you are an experienced trader then you will appreciate MetaTrader 5’s advanced features. FXChoice offers MT5 Pro or MT5 Pro Hedged accounts with MetaTrader 5, with the only difference being that the latter lets you open hedged positions like you would in MT4. MT5 has more indicators than MT4 and also adds Stop Limit orders and the ability to view market depth. You will still find professional charting tools, support for traditional hedging and netting options, compatibility with Expert Advisors, and multilingual support.


MetaTrader 5 features 38 technical indicators, 44 graphical objects, and 21 timeframes built-in. It also has an economic calendar integrated and an embedded MQL5.community chat. The strategy tester in MT5 is both multithreaded and multicurrency with real ticks. Like MT4, MT5 is available for Windows, Mac, Android, and iOS or as a Web Terminal. The Web Terminal for MT5 adds one-click trading to the list of features on the MT4 Web Terminal. Keep in mind that MT5 will take up as much as three times more disc space than MT4 as a download.

What is the execution policy at FXChoice?

FXChoice follows a market maker execution model. The broker executes at the ask price for buy limit, buy stop, take profit, and stop loss on opened short positions. It executes at the bid price for sell limit, take profit, stop loss, and sell stop for opened long positions. FXChoice reserves the right to execute orders at the next best price when the requested price is not available due to trading conditions.

All account types have five decimal pricing and the minimum tradeable lot size is always 1,000 units of the base currency, which is a 0.01 MT4 lot. The broker prides itself on successfully keeping up with processing trades every four seconds and executing 15,000 digital transactions daily. FXChoice does not impose a limit on the number of positions you can open each day, but the broker does limit you to 300 open positions at once.


FXChoice markets and products

FXChoice offers over 50 trading instruments in six asset classes. This includes forex, cryptocurrency CFDs, index CFDs, and commodity CFDs, the last of which includes precious metals and energies. Whilst this is a more limited offering than at other brokers, our FXChoice reviewers found that there were still plenty of opportunities to diversify your portfolio.

InstrumentNumber
Currency Pairs
Commodities
Precious Metals
Indices
Stocks and Shares
Cryptocurrencies
Options
ETFs

Currency pairs

Trading currency pairs with FXChoice gives you access to 36 pairs, including majors, minors, and exotics. You can enjoy leverage of up to 1:200 while trading in a market that has a daily trading volume of $4 trillion. Enjoy competitive spreads and access to the most important currency pairs.

Commodities

FXChoice offers energy CFDs with a leverage of up to 1:200. You can trade oil CFDs based on front-month contracts only and featuring expiration, including WTICrude and BrentCrude. There are also synthetic spot oils without monthly expirations and based on front- and next-month futures contracts, including WTISpot and BrentSpot. This lets you trade the same general instrument in two different ways, all with the same broker.

Precious metals

You can trade precious metals with FXChoice with leverage of up to 1:200. Both XAU/USD and XAG/USD are available, letting you trade gold, silver, or both.

Indices

FXChoice has enough index CFDs for you to diversify your portfolio. Indices already help you spread risk and reduce the amount of time you spend trading. With instruments from the United States, United Kingdom, Germany, and Japan, you can choose indices with a global impact. The inclusion of various choices like the USTECHIndex, US30Index, and US500Index, also lets you invest based on sector. Enjoy leverage of up to 1:200.

Cryptocurrencies

FXChoice allows you to explore the exciting possibilities of crypto CFDs, including Bitcoin, Litecoin, and Ethereum, each of which is available against the USD. As CFDs, you can use leverage and do not have to own the underlying asset. Leverage on cryptos can be as high as 1:200.

Social trading

Social trading on FXChoice primarily comes through Myfxbook’s AutoTrade. AutoTrade is offered free of charge and is incredibly easy to use. Simply subscribe to the established traders you are interested in and their trades will be automatically copied. This service does have a minimum deposit of $1,000.


To help you choose reliable traders to follow, AutoTrade shows only the top systems. It also lets you view accurate statistics so you can make an informed decision as to who to follow. However, you should keep in mind that AutoTrade is not available for clients who are from the U.S., Iran, or Israel.


FXChoice research tools

During this review of FXChoice, our experts found that the majority of tools are available via the MetaTrader platforms. This makes their offering average compared to other brokers. Whilst FXChoice provides few proprietary tools, you’ll be satisfied with the range of indicators and signals available on the platforms, and the addition of Myfxbook’s AutoTrade. You can also take advantage of a free VPS program if you have a balance of $3,000 and trade a minimum of five lots per billing cycle.

Research Tools

News (from top-tier sources)N
Trading Signals and IndicatorsN
Trade IdeasN
Expert AnalysisN
Autochartist ToolsN
Sentiment ChartsN
Economic CalendarN

News

Unfortunately, the news section of FXChoice is confusing as you need to navigate to the Company tab of the main navigation menu to find it, instead of under Trading Services or Trading Platforms. For further confusion, the page is labeled as Company News, but it actually includes the occasional insight into the markets. You will likely want an additional news source to supplement it, however.

Trading signals and indicators

Traders of all skill levels will appreciate that FXChoice offers MQL5 Signals, which can be particularly helpful for beginners who are unsure where to start with their strategies. The MQL5 forex signals allow you to shadow trades from Signal Providers who are seasoned trading veterans. This service is incorporated into MetaTrader 4 and MetaTrader 5, so you do not have to install any additional software. You do not even need to use the same trading server as your Signal Provider, although this can improve execution speed.


The trading signals work well for any trader who is low on time. However, they are specifically designed to appeal to those new to forex, as they let you trade without experience. Keep in mind that you can only subscribe to one Signal Provider at once. Some signals are free while others are fee-based, in which case there will be a flat fee paid either once per week or month. You can combine the MQL5 Signal with expert advisors or your own trading strategy that you input manually.
Speaking of expert advisors, this is an area in which FXChoice excels. In addition to supporting expert advisors on both MT4 and MT5, you can also review FXChoice’s suggested EAs. These include a range of strategies and assets, offering something for all traders.


If you are using MQL5 Signals or expert advisors, keep in mind that some will be designed to work best with commission-free trading. Those particular ones would be best to use with a Classic account instead of a Pro one.
As mentioned, you can make use of 30 technical indicators built into MetaTrader 4 or 38 built into MetaTrader 5. Both of these platforms also support the ability to download other indicators, allowing you to conduct your own technical analysis.


FXChoice education and training

Most of the education and training on FXChoice focuses on beginners and is available in video or written format. Advanced traders will find some educational resources but to a lesser extent. Combined with everything else our experts have discovered in this FXChoice review, we think this makes the broker a great choice if you are new to forex or CFDs yet it may leave something to be desired if you are more experienced.

Educational Features

Demo AccountN
Platform Tutorial VideosN
Educational PDFsN
Live WebinarsN
YouTube VideosN
Trading AcademyN
Trading GlossaryN

Platform tutorial videos

To ensure that you have no problem placing trades or getting to know MetaTrader 4 and MetaTrader 5, FXChoice has platform tutorial videos in the FAQ section for each platform. You can also access some of these videos on the designated pages of FXChoice’s website for MT4 and MT5.


The tutorial videos cover logging in to your account, placing various order types, placing pending orders, changing your password, generating trade reports, logging in on mobile, and installing additional copies of the platform on your computer.
Note that most of the videos are found under the MetaTrader 4 information, but the processes are almost identical for MetaTrader 5. This means that once you understand how to use MT4, it should be easy to figure out MT5. Additionally, most beginners will use MetaTrader 4, which is why FXChoice focused on those videos.

Educational PDFs

Although FXChoice does not offer any educational PDFs in the traditional sense, the broker provides education articles in other forms. There is an extensive FAQ section with dozens of categories including some educational topics, such as Expert Advisors 101 and the Common Knowledge sections.


Most of the educational materials can be found within the Knowledge Base, which has dozens of articles on a range of topics. When you visit this page of the website, you can review the FXChoice broker’s latest and most popular articles. There is also the option to search the articles using keywords and categories.


Knowledge Base categories include general questions, technical support, services, accounts, trading platforms, taxes, deposits and withdrawals, automated trading, partnerships, trading services, trading conditions and execution venues, the Pips+ program, and the VPS.

YouTube videos

Almost all of the video tutorials provided by FXChoice are available on YouTube. This allows you to access them without having an account and makes it easier to watch on a mobile device.


FXChoice customer support

Our review of FXChoice confirms that the forex broker offers award-winning customer support options. You can contact FXChoice 24/5, which is when the markets are open, and through multiple channels. We found the live chat option to be the quickest, putting you in touch with a competent agent in seconds. Confusingly, the broker advertises that support is multilingual but doesn’t specify the languages included. This is disappointing as the broker has a global reach.

Pros
  • 24/5 support
  • Live chat
  • Request a callback
  • Extensive FAQs
  • Award-winning customer service
Cons
  • No local support numbers

Offers multilingual support but doesn’t confirm which languages

As a client or potential client, you can contact FXChoice via the following methods:

  • Live chat
  • Contact form for email
  • Request a callback
  • Client support phone: +52 558 526 80 32
  • General queries phone: +501 227 27 32

Conveniently, FXChoice keeps links to Contact Us, Live Chat, and Callback at the top of its website, so these are accessible from any page. Additionally, at the bottom of the page, there are links to Instant 24/5 Support with the same options, plus a link to the FAQ section. This makes getting help stress-free, as you do not have to hunt for contact information.
As mentioned, we are not alone in our positive review of FXChoice customer support, as the broker has earned awards for it.


In 2016, the broker received LiveHelpNow’s Exceptional Customer Service accolade five separate times. In 2018, FXChoice became one of the LiveHelpNow Challenge’s Top 100 Companies. This challenge is completely data-driven and involved more than 10,000 businesses. The data involved 12 unique variables, and the use of that data ensures that there was no bias in the rankings.

FXChoice mobile compatibility

You should have no problem if you want to review FXChoice’s accounts or trading platforms from your mobile device. The website is easy to navigate on both iOS and Android devices and is quick to load. Both FXChoice’s trading platforms, MetaTrader 4 and MetaTrader 5. are available as mobile applications and have nearly full functionality. They also function in such a way that you can begin trading on your desktop then move to your mobile device or vice versa.

FXChoice – Our verdict

After conducting extensive research for our FXChoice review, our team can confidently say that this is a reputable forex broker that’s extremely beginner-friendly. FXChoice has a very small learning curve thanks to its use of the award-winning and incredibly popular MetaTrader 4 and MetaTrader 5 platforms along with tutorial videos. The broker has a nice selection of more than 50 instruments available to trade across multiple categories.

The spreads are competitive, and new clients will appreciate that FXChoice offers both commission and commission-free account types, to suit your trading style. The Pip+ program offers additional savings, and regulation and risk management measures give you a secure client experience. Now that you have learned more about the broker, review FXChoice for yourself by opening a live account with a low minimum deposit.

Final Summary

FXChoice information
Licenses
Max. Leverage
Client ProtectionN
Broker Type
Number of Instruments
Currency Pairs
Stocks
Cryptocurrencies
CFDsN
Proprietary Trading PlatformN
MT 4N
MT 5N
Mobile CompatibleN
Research ToolsN
Educational MaterialsN
Payment Methods
24/5 Customer SupportN
Live ChatN

FXChoice information

Risk Disclaimer: FXChoice offers CFD products. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money before registering with the broker.


Our methodology: This review of FXChoice has been created using accurate data and unbiased facts. To test the broker, we have used our unique and detailed methodology, which assesses over 200 criteria points in 10 key areas. This guarantees that all of our reviews are fair and extensive.


We update our methodology and our reviews regularly. Methodology updates are made so that new broker features and products are taken into consideration. Review updates ensure that all the information we provide is current and correct.

What’s next

TAKE ACTION
Open an account on the broker website.
COMPARE BROKER
See what benefits one offers over the other.
CHECK THE FOREX GUIDES
Trading financial markets has never been easier.

Cryptocurrency Trading
Crypto CFD Pairs
Min Deposit: $100

5.0
Licensing & Safety
5.0
Markets
5.0
Bonuses & Promotions
4.0
Customer Support
4.8 Overall Rating

Leave a Reply

Your email address will not be published. Required fields are marked *

Top 5 Forex Brokers

✅ Accounts: $5K - $300K
✅ Profit Split: 90%
✅ Profit Targets: 10%

✅ Accounts: $4K - $100K
✅ Profit Split: 60-90%
✅ Profit Targets: 10%, 10%, 5%

✅ Accounts: $5K - $200K
✅ Profit Split: 80%
✅ Profit Targets: 8%, 5%

✅ Accounts: $5k - $100k
✅ Profit Split: up to 90%
✅ Profit Targets: 10%

✅ Accounts: $10k - $200k
✅ Profit Split: up to 100%
✅ Profit Targets: 10% (1-step), 8%/5% (2-step)

✅ Accounts: $25k - $200k
✅ Profit Split: 50% - 80%
✅ Profit Targets: 10%

Top Platform in 2024

✅ Accounts: $5K - $300K
✅ Profit Split: 90%
✅ Profit Targets: 10%

✅ Accounts: $4K - $100K
✅ Profit Split: 60-90%
✅ Profit Targets: 10%, 10%, 5%

✅ Accounts: $5K - $200K
✅ Profit Split: 80%
✅ Profit Targets: 8%, 5%

✅ Accounts: $5k - $100k
✅ Profit Split: up to 90%
✅ Profit Targets: 10%

✅ Accounts: $10k - $200k
✅ Profit Split: up to 100%
✅ Profit Targets: 10% (1-step), 8%/5% (2-step)

✅ Accounts: $25k - $200k
✅ Profit Split: 50% - 80%
✅ Profit Targets: 10%

Top Prop Firm in 2024

✅ Accounts: $5K - $300K
✅ Profit Split: 90%
✅ Profit Targets: 10%

✅ Accounts: $4K - $100K
✅ Profit Split: 60-90%
✅ Profit Targets: 10%, 10%, 5%

✅ Accounts: $5K - $200K
✅ Profit Split: 80%
✅ Profit Targets: 8%, 5%

✅ Accounts: $5k - $100k
✅ Profit Split: up to 90%
✅ Profit Targets: 10%

✅ Accounts: $10k - $200k
✅ Profit Split: up to 100%
✅ Profit Targets: 10% (1-step), 8%/5% (2-step)

✅ Accounts: $25k - $200k
✅ Profit Split: 50% - 80%
✅ Profit Targets: 10%

FXChoice Review
4.8/5