FX Choice Canceled Investor’s Account with Over €250K Profits

Recently, a victim from Europe told WikiFX about how he was defrauded in a forex scam, which shows that the Internet bristles with deception and favorable comments and good reputation of a broker may simply be the results of the broker's advertising tricks.

Complainant: anonymous investor

Complaint against: FX Choice

Cause of complaint: the broker deliberately disabled investor's account

Complainant Monologue

In the beginning of December, 2020, I saw an advertisement online saying that forex broker FX Choice was offering attractive bonus to all clients. Without hesitation, I opened an account on the platform and deposited €4,860.47, and then received €1,215.11 & €729.07 respectively as a bonus, totaling €6,804.65.

FX Choice Welcome Bonus Advertisement

I started trading with 1 lot, and added lots as my account grew. During the trading period with MT5 platform, nothing unusual happened until this February. When I submitted request to withdraw some money, my access to MT5 was BLOCKED because of the suddenly DISABLED account. And the day before the block, my account was still active with total profits of €257,944.86!

MT5 trading history & account balance

Without delay I contacted the customer service of FX Choice and then got an email that my account was under an investigation as they detected that my trading activities had violated their trading rules.

I replied with the request for additional details, but just got the answer that I had breached the client agreement. Will all my profits be swallowed by the broker？ Obviously they didnt show any kind of proof that I violated the trading rules. Be aware of this scam broker!

E-mail history

FX Choice only has a rating of 5.64 on the WikiFX APP

Per checking, FX Choice only has a rating of 5.64 on the WikiFX APP. According to the latest risk warning, the broker currently has an offshore regulatory status, please be aware of the risk!

FX Choices rating on WikiFX APP

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