FXChoice
Forex & CFD broker · Belize-regulated (offshore) · New accounts suspended
TC RATING
Not Rated
We do not recommend this broker. FXChoice holds only an offshore Belize licence, not Tier 1 regulation such as the FCA, ASIC, or CySEC, it sits on the US CFTC’s RED List, and as of late 2025 it has suspended new registrations and trading services. It does not qualify for a TC Rating.
FXChoice is a long-running forex and CFD broker based in Belize. It is not a scam, and for years it operated as a functioning offshore broker. But it has only ever held an offshore Belize licence, it sits on the US CFTC’s Registration Deficient list, and as of late 2025 it has suspended new client registrations and trading services. For those reasons it does not meet our Regulation First standard, and we do not rate it.
Is FXChoice regulated?
FXChoice Limited is authorised by the Financial Services Commission (FSC) of Belize, licence number 000067/301. That is a genuine licence, but it is an offshore, Tier 3 regulator. Belize does not offer the protections you get from a top-tier authority such as the FCA in the UK, ASIC in Australia, or CySEC in the EU. There is no statutory compensation scheme behind a Belize licence, and dispute and insolvency protections are far weaker than under top-tier oversight.
The broker holds client funds in segregated accounts and offers negative balance protection, which is positive as far as it goes. But segregation promised by an offshore firm is only as reliable as the oversight enforcing it, and Belize’s oversight is light.
- YOUR MONEY IS NOT PROTECTED
Trading with an unregulated broker carries real risks. You have no access to a financial ombudsman, no guaranteed segregation of your funds, and no compensation scheme if the broker fails or refuses a withdrawal.
FXChoice and the CFTC RED List
FXChoice appears on the US Commodity Futures Trading Commission’s Registration Deficient list, known as the RED List, added on 21 August 2015. The CFTC places foreign firms on this list when they appear to be soliciting or accepting US customers while not being registered with the CFTC as required.
It is worth being precise about what this does and does not mean. The RED List is not a fraud finding, and inclusion does not mean the CFTC or a court has concluded any law was broken. What it does tell you is that a major regulator identified the firm as operating without the registration its activities appeared to require. For a broker that markets itself as safe and compliant, a standing entry on a regulator’s deficiency list is a meaningful caution.
Is FXChoice still operating?
Not in the normal sense. As of late 2025, FXChoice has suspended new client registrations, and reports indicate it has stopped providing trading services, with only limited activity such as withdrawals available to existing verified clients. When asked directly, the firm has stated that it does not currently provide trading services and that account opening is not possible, with no timetable given for resuming.
In other words, even setting aside the regulatory picture, FXChoice is not a broker you can sign up with today. Anyone with an existing balance should focus on withdrawing it rather than continuing to trade.
What FXChoice offered
For context, FXChoice launched in 2010 and ran on the MetaTrader 4 and MetaTrader 5 platforms, with web and mobile versions. It offered forex, indices, commodities, shares, and crypto CFDs, with Classic, Optimum, and Pro account types, a low minimum deposit, and copy trading through Myfxbook AutoTrade. On trading conditions alone it was a competent offshore broker. The reasons we do not rate it are structural: offshore-only regulation, the CFTC flag, and now the suspension of services.
Why FXChoice is Not TC Rated
Our Regulation First standard only recognises brokers regulated by a top-tier authority such as the FCA, ASIC, or CySEC. FXChoice is regulated only in Belize, sits on the CFTC’s RED List, and has suspended new accounts and trading. It is not a fraudulent operator, but it does not meet the bar we require before recommending a broker, so it carries no TC Rating.
If you want a broker with genuine fund protection and active, accountable oversight, choose one regulated by a top-tier authority instead.
Conclusion
FXChoice was a legitimate, long-established offshore broker, but legitimacy is not the same as the protection a top-tier licence provides. With only a Belize licence, a long-standing CFTC RED List entry, and a recent suspension of new registrations and trading services, it falls short of our Regulation First standard on every count that matters. We do not recommend it, and as things stand it is not open to new clients in any case.
- LOOKING FOR A REGULATED BROKER?
This review is published for information only. If you want a regulated broker for this type of trading, see our regulated CFD brokers instead, where every broker there is checked against our regulation-first standard.
Frequently asked questions
Is FXChoice regulated?
It holds an offshore licence from the Financial Services Commission of Belize. It is not regulated by any top-tier authority such as the FCA, ASIC, or CySEC, and it appears on the US CFTC’s RED List.
Is FXChoice a scam?
No. FXChoice operated for many years as a genuine offshore broker, and we have not seen credible evidence of fraud. Our concern is its offshore-only regulation, the CFTC flag, and its recent suspension of services, not dishonesty.
Can I open an FXChoice account?
As of late 2025, no. FXChoice has suspended new client registrations and trading services. Existing clients can generally still withdraw funds.
Does FXChoice accept US clients?
No. FXChoice does not accept clients from the United States, and it is listed on the CFTC’s RED List.
