FXChoice Reviews 138

Low spread with good connections, highly recommended

One of the easiest and pain free accounts I’ve ever opened to trade with. Really enjoyed using Fxchoice so far and really simple to set up MT5 with.

10/10 would recommend

Easy to register with no hassle and very tight spreads!

In comparison with my current broker this is leaps in the right direction. The spreads are very good and you are not left feeling as if you are a donor or charity if you like ( FYI,nothing against charities), but after all we are hoping to make money. Account registration was a breeze👍👍👍well done #Fxchoice. The only critique I have is there is no indices available.
Jonathan Thys

I've tried it and it's one of the best out there!

Very good Homepage and tight spreads. True ECN Broker. No slippage or other manipulation. I can definitly recommend this broker

Great products to trade and looking forward to trading with FXChoice in the near future.

The reason for giving me 5 star is:
1.easy registering in just 30 sec
2.low spread as i always wanted.

This broker has a really tight spread on the majority of pairs and it has one of the best latency I've ever seen. Would definitely recommend especially because of the efficient execution speed.

Great platform. Small spreads, can’t complain 👍

I have been a client with FX Choice for almost 5 years, I have experienced several serious issues with this broker. I have a IB partnership. I recently had a serious issue with the liquidity provided that FX Choice were using, but this was rectified, and as a consequence FX Choice changed theyre liquidity provider in terms of trading commodity’s. Yesterday was a public holiday, I received an email last week informing me of the change in trading hours and the increase in spreads. Most traders understand spreads increase when trading is ceased? So back to yesterday, I had an account with over 4k equity, my positional value was £1,700. However, my account was completely hedged. Now when an account is hedged, you’re effectively securing your profit, your equity should be safe? NOT WITH FX CHOICE IT ISN’T!!! When trading ceased yesterday at 19.00hrs BST, the spreads on both gold and silver increased from 13 on silver too 120 and 32 on gold too 490, thus wiping out my entire account in seconds. These are not ‘increases’ in spreads, these increased spreads can only be described as “exorbitant”. At exactly the same time the spreads on Vantage on both gold and silver were 26 and 35 respectively. On IG Markets, on both gold and silver it was 33 and 26 respectively. My sincere advice is NOT to deal with FX Choice, the business partners they deal with are clearly not the best. There are many other brokers who not only offer much more content in terms of the trading support they offer, but the liquidity providers they use will not suddenly increase there spreads to a draconian level. I took screenshots of everything and am more than happy to share that information.There is so much that is wrong about FX Choice that I could write a whole book, from taking your money without warning, even though they are responsible for the errors, charges on deposits via bitcoin, that other brokers don't charge you, bank withdrawals that go missing for weeks, again always the fault of the FX Choice, well the TEIR3 bank they use, which should tell you all you need. There is always a hidden charge with this broker, just loading the platform or manually closing out positions can take anything up to 30 seconds, never instantaneous executions. As for the entity that regulates them, complete waste of time. There's a reason why this broker is domiciled offshore.My sincere advice is seek alternative brokers, you will not make money with this broker. I hope this helps. Regards K. Yorke

fxchoice.com OLD SCAM fxchoice.com is old SCAM COMPANY they offer me 100 fund & 1 lot then pay me 25 per clients i did my 1st 10 clients
lost all fund & 1/2 lot fill up they pay me 25$ per clients. after i refer more 5 client they make profit & traded 1 to 5 lot this. they not pay me
& closed my account with my all commission & some client profit they blocked & ask need more document but they ware full verified i send them
why blocked my account? they told me Refer and Earn program Abuse buy i ask how they no answer they just same answer again & again & dont tell what real reason.
finally i saw problem with my client profit if client profit then they blocked client account & partner commission both if client lost 100$ then they pay 25$ for partner commission
I THINK fxchoice.com HUNTING & SCAM WITH PARTNER & TRADER IF ANY CLIENTS PROFIT I big scammer fxchoice.com A/C No: 90780

Absolutely dreadful spreads!! 4.2 pips on GBPNZD when the average spread across the industry is as of writing 1.8pips.

Unless you are only trading the 'Majors', stay away from this broker as there are many other more competitive ones out there.

The only good thing about them is the latency on MT4 is great.

I actively used used FxChoice for a month and decided I'll never use that broker again in my life. I am an experienced trader with 10+ years of experience and used a lot of brokers.

Lets start with the Good: Low SWAP, Fast Deposit and Fast Withdrawal, very responssive chat services

Now the Bad:
1. Spread is insane. I am trading with 3 more brokers but at normal time their spread in around 5- 15 pips more than other two brokers I am using at the same time. Sometimes to catch SL/Pending orders they increased the spread just to active the trade. They say that its not in their control as liquidator manage the spread but as a customer I dont care who controls what. I only care about the best service from a broker. They have to negotiate with their liquidator.

2. Insane Deposit and Withdrawal Fee: I deposited total $12,000 via crypto method in 4 different transactions. There are many useless crypto to FIAT exchange fee, deposit fee and withdrawal fee. After all those steps I got 7% less money along the way. They say that its the exchange that takes the money. But the other brokers I use, the fee is around 2%-3% along the whole process at the same time.

3. Non responssive system: Sometimes when there is a impactful news you cant login to trading platform (MT4 via Android)

4. Fake Review: I think they have kind of good relations with Forex Peace Army. Thats why their rating is pretty good there and also they advertise that rating in their website. I gave the same review like this one few months back but FX peace army did not publish it yet.

Fraud fraud fraud. Stay away from this broker. This is fraud broker working against customers to steal your money they dont want u to make profit once u make profit they dont pay you. If you guys have face any problem with this broker open report on this broker and ask for chargback you will get ur money back . This company is fraud,!!
Update
I have talked with one of fxchoice.com employees i have prove of that the fxchoice.com know all the customers login passwords and they enter on customers accounts and then trade against the market on customers account so they can lose money. And i have prove of that. Fxchoice.com is fraud cheater .!!! Stay away guys from this broker.

Information on their website is not self-explanatory.
They say they charge 0.25% and Eur 150 min. Does anyone know what this means? For European customers, you charge Eur 150 or 0.25%?
0.25% and Eur 150 on a withdraw of Euro 1000.00 is not the same.

Fxchoice is great. Quick reply. I just did a withdraw that is going to be sent to vload. It was for 50 dollars. I hope all goes well ;)

Being using this broker since october 2020. I did good money in 3 months and will continue to use their brokerage service and plan to obtain my bonus !

I have several times contacted their support service for questions and issues, which is great, quick and precise. They answer and always find a solution for our issues.

Their VPS is great, cheap and powerful. Otherwise you could get it for free if you trade enough USD volume of 1,000,000.

I really love their back office, which is simple and find what you are looking for quickly.

For me is 5 stars !

My original review of fees was not warranted . Based on conversion fee of BTC these guys are good to use. Bitcoin network was charging the fees, not these guys. FXChoice is good

Before I started this review it said explain what happened and what were your experiences, I would like to share but at the moment nothing. I have been trying to verify my profile and keep getting rejected, Drivers licence okay, passport okay, As a British citizen these two are required for ID, what is a national ID card, [done away with in 2011] and a Permanent resident or alien registration card I'm confused. Have traded for a while now and when applying to open a new trading account the two above plus proof of address would normally be fine. Support keep telling me I have to show those government documents. I would if I had them, or are UK citizens banned or not welcome.