FXChoice Review

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).

Is FXChoice a regulated forex broker or a scam?

no, FXChoice broker is Non-Regulated Broker. It is NOT SAFE to trade.while we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

Belize as a gorgeous tourist destination, while also is a tax haven with a zero tax structure that established its own regulation for financial investment and Forex firms licensing due to high demand and necessity of regulation. Ever since Belize became a known offshore zone and Forex hub, the destination attracted thousands of brokerages seeking an opportunity to be a legitimate firm, yet to skip complicated and costly established procedures. We have a detailed article explaining the risk of trading with brokers from Belize.

We advise all investors and traders to avoid FXChoice and other brokers from Belize. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australiaand reliable brokers such as FP Markets and XM.com.

You can also share your trading experience with FXChoice by commenting on this review.