This FXChoice review covers the broker’s offshore regulatory status, trading conditions, execution model, and suitability for high-leverage forex traders. Established in 2010 and headquartered in Belize, FXChoice targets experienced global clients seeking flexible account types, crypto funding, and raw spread execution with MetaTrader support.

Regulation and Safety

FXChoice Ltd is registered in Belize and regulated by the Financial Services Commission (FSC), license number IFSC/60/191/TS/19. While Belize regulation is considered offshore and less stringent than Tier 1 regulators, FXChoice applies internal risk controls such as:

• Segregated client accounts
• Negative balance protection
• Biometric and 2FA login support
• Monthly third-party audits (optional, not enforced)

No investor compensation fund (ICF) exists under the FSC framework.

Execution Model and Trading Platforms

FXChoice offers both NDD/STP and ECN execution models depending on account type. Clients trade through:

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)

Both platforms are available on desktop, mobile, and web. FIX API is available for high-volume traders with a minimum balance. VPS hosting is offered free to clients trading at least 20 lots per month.

Markets and Instruments

FXChoice provides a streamlined but focused range of CFDs:

• Forex – over 40 major, minor, and exotic currency pairs
• Indices – US30, NAS100, GER30, UK100, JP225
• Commodities – Gold, Silver, Crude Oil
• Crypto CFDs – BTC, ETH, LTC, BCH, XRP
• Shares – Limited CFD selection on MT5 only

The total asset count is under 100, with emphasis on forex and crypto trading.

Accounts, Spreads and Leverage

FXChoice offers two core account types:

• Classic Account: Spread-only pricing from 0.5 pips, no commission
• Pro Account: Raw spreads from 0.0 pips + $3.50/side per lot

Islamic (swap-free) accounts are available on request. Minimum deposit is $100. Leverage up to 1:200 is available for forex and 1:5 for crypto. Stop-out level is 20% for MT4 and 50% for MT5.

Funding and Base Currencies

FXChoice accepts a wide range of funding methods:

• Crypto – BTC, ETH, LTC, USDT, XRP
• Credit/debit cards
• eWallets – Skrill, Neteller, AstroPay
• Bank wires (SWIFT)

Supported base currencies include USD, EUR, GBP, AUD, CAD, BTC, ETH, and LTC. Crypto deposits receive a 15% bonus (opt-in). Most methods are processed instantly or within 24 hours.

Client Protections and Features

Despite its offshore status, FXChoice provides key client security features:

• Negative balance protection
• Segregated accounts with global banks
• 2FA and biometric login on client portal
• No dealing desk (NDD) execution
• Monthly trade report transparency

However, there is no formal compensation scheme for clients in case of insolvency.

Institutional and Retail Offering

FXChoice supports retail and semi-professional traders:

• Retail: MT4/MT5 platforms, copy trading via Myfxbook AutoTrade, low minimums
• Institutional: FIX API, high-volume discounts, dedicated account managers

No white-label or prime brokerage solutions are offered. Copy trading is available but limited to third-party integrations.

Pros and Cons

Pros

• MT4 and MT5 with ECN pricing
• Crypto funding with instant processing
• Low spreads and high leverage
• Free VPS for active traders
• FIX API support for advanced strategies

Cons

• Belize regulation offers limited investor protection
• No compensation fund or FSCS-style coverage
• Relatively small number of tradable instruments

Frequently Asked Questions

Is FXChoice regulated?

Yes, FXChoice is regulated by the Belize FSC under license IFSC/60/191/TS/19, but this is considered offshore and lower-tier.

What account types does FXChoice offer?

FXChoice offers Classic (spread-only) and Pro (ECN + commission) accounts, both with support for MT4 and MT5.

Does FXChoice accept crypto deposits?

Yes, clients can fund accounts using BTC, ETH, LTC, XRP, and USDT, with instant processing and bonuses available.

Is FXChoice suitable for high-frequency traders?

Yes, FXChoice offers FIX API, ECN execution, and VPS hosting, making it suitable for algo and high-frequency strategies.

Does FXChoice offer investor protection?

While FXChoice offers negative balance protection and segregated funds, it does not offer a formal investor compensation scheme.