FXChoice — India
Key facts (8)
- Who actually onboards you
- FX Choice Ltd
- Licence number
- not stated
- Established
- 2010group
- Min deposit, USD
- 100 USDgeo
- Platforms
- MT4 · MT5
- Local funding
- Cards, e-wallets, bank wire. No INR/UPI local ra
- Max leverage
- 200geo
- EURUSD
- 1.4 pipsgroup
This broker against the India middle (52 of 91)
| FXChoice | India median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 6.0 USD |
| Min deposit, USD | 100 USDgeo | 30.0 USD |
| Max leverage | 200geo | 500.0geo |
| Withdrawal, h | 24 hours hgroup | 48.0 h |
| EURUSD, standard | 1.4 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2010group | 2008.0 |
| Platforms | 2 | 3 |
Accepts residents of India
No
Score (5/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
FX Choice Ltd
Entity not established
FX Choice Ltd (Belize); no local IN entity. Not SEBI-authorised — offshore access is grey/likely non-compliant under FEMA/RBI.
Public rating and its base
Round turn against the local middle (52 of 91)
raw+commission
Getting money out
From the entry account upwards
Classic, Pro, Optimum. Min USD 100 (Classic/Pro).
Terminals, markets, instrument counts (2)
MT4 · MT5
40+ FX pairs, indices, 80+ stocks, metals, crypto CFDs.
What works and what to watch
Pros (2)
- Swap-free account available
- Withdrawal published at 24 hours h
Cons (3)
- Round turn 7.0 USD against a India median of 6.0
- No local licence: the client is onboarded by a foreign entity
- No public review-platform rating, so the review axis is absent
Profits, and what India takes
Exchange-traded currency futures & options profit is generally treated as non-speculative business income and taxed at the individual's income-tax slab rates (as of the review). Intraday speculative positions are speculative business income (losses set off only against speculative income, carry-forward 4 years) vs non-speculative losses carry-forward 8 years. A 20% TCS applies on LRS foreign remit
Where it does not serve
Afghanistan, American Samoa, Bahamas, Belarus, Belgium, Burundi, Canada, Central African Republic, China, Congo, Cuba, Egypt, Eritrea, Ethiopia, Guam, Guinea, Guinea-Bissau, Guyana, Hong Kong, Indonesia, Iran, Iraq, Lao's Peoples Democratic Republic, Lebanon
Methodology
2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Verified · what changed · sources (3)
Checked: 2026-07-09
- myfxchoice.com domain
- tradersunion.com domain
- sebi.gov.in domain
FAQ (5)
Does FXChoice accept residents of India?
No.
Which entity onboards a India client of FXChoice?
FX Choice Ltd
What licence does FXChoice hold for India?
No licence number is published for this country.
What does one EURUSD lot cost at FXChoice?
7.0 USD per round turn against a India median of 6.0 USD, measured on 52 of 91 brokers.
How long does a withdrawal from FXChoice take?
24 hours hours as published. withdrawal request within 24 hours on business days