FXChoice – Is it scam or safe?

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FXChoice – Is it scam or safe?

FXChoice Limited is licensed and regulated by the International Financial Services Commission of Belize – IFSC. The IFSC license allows it to conduct financial services, including forex.

However, there are some publications in forex forums that inform about bad practices related to poor customer support, widening spreads and slow processing of withdrawals.

So far, we haven’t received any complaints from clients of MyFXChoice.com.

If you feel frustrated by MyFXChoice.com and have something to share with us, please fill in the form below, describing your case:

9 Complains

  1. I think they are a good broker because their spreads are tight, there are no spikes when news is announced. Their support answer quickly and orders execution is decent. The only thing that is not ok for me is this 4% commission when I deposit by Skrill.

  2. This company is out of ethic. I always deposited from my coin base. I tried to withdraw some money via bitcoin but I received nothing after two days. They keep telling me my money has been sent. But I didn’t receive anything in my e-wallet.

  3. I bought an expert advisor and deposited $600 with myFxChoice. Well, this EA didn’t work at all. I told them I wanted to withdraw my money. The next day, my account balance was less than 30%. My money disappeared while I was trading. I threw away this advisor and started make money manually but today I surprisingly found that all my fuds were gone from my MT4. I can call them scam…

  4. I don’t know if this happened to someone else but their spreads widened so much so my entry orders sometimes have been executed 100 pips above the requested price. Don’t deal with them

  5. I opened a real accout with them and everything was goig smoothly. I had a problem with their VPS and the customer support was responsive. They informed me by email that they had problems with VPS system. At thet time I had a couple of open positions and because of this problem I lost more than usd300 (TS didn’t fill the set values). The problem was solved and after a few days of investigation they gave me a bonus. I think they are an honest broker!

  6. Well, I lost my entire initial capital but this wasn’t because of this broker. My trades were awful and I understood this when they provided me some good advice for trading. Now I am ready to start once again and I can tell you there is no stop loss hunting. Good luck to all.

  7. I am trying to withdraw my money but something wrong happened. I made the first mistake when I didn’t provide all the necessary information for the bank wire to be executed and I admitted that. But thereafter the company didn’t do anything to help me with fixing the problem. I made a second withdrawal request but it was rejected because the information didn’t match that of my first request. You see that this is nonsense. Then I informed them again about the problem but they ignored me completely kept telling me I’ll get the money within the next 15 days. Then I made my third request with the same information as the second one and now I am waiting for some solution of the problem. I wish they could act faster…

  8. They want more money in and when you decline to take loans worth of €90,000.00 they’ll empty your investment account. That’s what happened to me. In the beginning it seemed to be ok, but when you want to take money out it is not possible. They say it takes long time to gather the money etc etc. There’s always excuse why you can not have your money back. I have contacted them via customer service and I never got reply in written. My first contact to them was the trading pause of seven weeks. I had that time on my account €85,654.00, suddenly when they started to do the trading, there was less that €20,867.00 left. I checked the trading history win loss report and there wasn’t loss enough that could’ve explained the disappearance of 60,567.0 euros.

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