FXChoice Review

Reason to avoid: No license

Listed Date: August 13, 2018

Top 3 Regulated Forex Brokers

  • Company name: FXChoice Ltd.
  • Registration/license: Belize
  • Registration/license requirement: USD 5,000

FXChoice is a broker that offers Forex and CFD trading. It is own and regulated by the FXChoice Ltd. – offshore company, based in Belize and regulated by the local International Financial Services Commission (IFSC). Belize is a popular offshore destination, where the licensing requirements are not that strict compared to other more serious jurisdictions (such as UK’s FCA or ASIC in Australia). The minimum capital requirement for forex brokers is USD 100,000. Besides, the license fee costs only USD 5,000. We generally recommend investors and traders to avoid offshore companies and to invest with brokers regulated by reliable authorities such as UK’s FCA, or Australia’s ASIC, for example.

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