FXChoice – what we know and have as facts about it; FXChoice is the brand name of FX Choice Limited. It was founded in 2010 and currently is headquartered in Belize. FX Choice Limited is licensed and authorized by the International Financial Services Commission (IFSC) in Belize under license number 000067/96. This license allows it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Client Agreement text that FXChoice acts as a principal and is the sole execution venue to all client orders. Although FXChoice may transmit some client orders for execution to liquidity providers, FXChoice is the sole counterparty to customer trades. This means that FXChoice is a market maker. In general, dealing with market makers involves a conflict of interest because they do not transmit customer deals and hope that customers will lose. Every loss of customers is their profit.
We also found that there are some posts in forums about non-fulfillment of pending orders, even though their price has been reached, the presence of high negative slippage and problems with withdrawals.
So far, we have not received any complaints from customers of FXChoice. If you have any criticism to share with us or feel annoyed by FXChoice, please fill out the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and FXChoice if you wish.