BelizeRegulationFSC Belice (offshore)
Min. deposit$10
Leverage1:1 – 1:1000
PlatformsMT4, MT5
InstrumentsForex & CFDs (offshore)
Founded2010
🏛️ Which entity will open your account?
📍 Pick your country above and we'll tell you exactly which entity opens your account at FXChoice.
How is this decided and how do I verify it? →Regulation by region
The entity you sign with — and your protection — changes depending on where you live.
United Kingdom
Unregulated in the United Kingdom
No FCA license; doesn't provide services to UK retail clients, no FSCSEuropean Union
Unregulated in the EU
No CySEC or EU license; the Belize entity operatesUnited States
Not available
No NFA/CFTC registrationAustralia
Unregulated in Australia
No ASIC AFSLRest of the world
Offshore Belize (relatively solid)NDD / ECN
FX Choice Limited (FSC Belize). In the MTI Ponzi case it froze 1,281 suspicious BTC and handed them to the liquidators. Even so, offshore with no compensation schemeAll licenses
Every regulator where the group holds a license, with its execution model. The entity that applies to you depends on your country (see above).
Account types
Classicno commissions, min $100, spreads from 0.5 pip, NDD
Procommission-based (~$3.5-7/lot), spreads from 0.0 pip
Optimumentry-level, min ~$10, spreads from 1.5 pip
Pros
✓Competitive costs
Cons
✗No tier-1 regulation (offshore)
✗Very high leverage (more risk)
Breakdown by axis
The total score (out of 100) is the sum of the 7 axes, with the same yardstick for everyone. Below each one, the rationale with its source.
Regulation: Offshore6/22 pts
Why: FSC Belize (tier-3 offshore), no tier-1. NOTE dubious status in 2026: the site looks active but there are wind-down reports (Jan 2024 email asking clients to withdraw funds)
Withdrawals / payments: Isolated complaints10/20 pts
Why: MIXED sentiment: many 'always pays, fast' alongside complaints; more friction than theft (USDT withdrawals canceled over 'fees'). In the MTI case it RETURNED the custodied funds (1,281 BTC) to the liquidators = a point IN FAVOR
Fund safety: Segregated (no compensation)8/15 pts
Why: stated segregation + negative balance; Belize with no compensation scheme. Real fact: returned custodied funds in the MTI bankruptcy
Transparency: With caveats5/10 pts
Why: Belize cut off its crypto payments (~Dec-2023); ambiguous operating status; license number inconsistent across sources
Reputation: Mixed5/10 pts
Why: founded 2010, ~15 years; Trustpilot ~4, Myfxbook 'reliable' BUT WikiFX 1.59/10 + doubts of closure
Costs: Competitive8/8 pts
Why: min $10, low costs; the most reputable of the offshore brokers but unregulated
Flags detected
🚩[regulation] offshore -> FSC Belize (tier-3 offshore), no tier-1. NOTE dubious status in 2026: the site looks active but there are wind-down reports (Jan 2024 email asking clients to withdraw funds)
Sources
Don't take our word for it — check it yourself. These are the official registries and legal pages we relied on.
🔗 FX Choice Limited — contact and registration (FSC Belize)🔗 FSC Belize — license verification🔗 MTI: FXChoice returned 1,281 frozen BTC (MariBlock)Trader reviews
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