About Choice Forex
Company Overview
Choice Forex operates under the trading name choice-forex.co.uk and is registered in the United Kingdom. The company was founded on 13 May 2019 and is associated with Choice International, a firm that claims to have been handling cross-border payments since 2004.
The registered address is 34 Curzon Street, Mayfair, London W1J 7TS. According to available records, the company provides services such as distributed bank payment services, control payment facilities, tangible goods transactions, and transaction monitoring.
Regulatory Status
Our records indicate that Choice Forex does not hold any regulatory licences from recognised financial authorities. This means the firm is not authorised or supervised by the UK Financial Conduct Authority (FCA) or any other major regulator.
The absence of regulation is a significant factor for potential clients to consider, as it means the broker is not subject to the standard investor protections, compensation schemes, or oversight that regulated entities must adhere to.
Services and Offerings
Based on the company description, Choice Forex appears to focus on cross-border payment solutions and related services rather than providing retail forex or CFD trading accounts. The mention of 'distributed bank payment service' and 'tangible goods transactions' suggests a money transfer or payment processing operation.
There is no publicly available information on trading platforms, account types, or specific financial instruments offered by the broker. This lack of detail makes it difficult to assess the full scope of services.
Risk Considerations
FXCanary's Scam Risk Score for Choice Forex is 43 out of 100, categorised as 'Guarded'. This score reflects the absence of regulatory oversight and limited public information about the company's operations and financial standing.
The company description itself notes that 'Choice International is still at risk due to its exceeded status,' which may indicate potential concerns regarding its financial health or compliance posture. Traders and clients should exercise caution and conduct thorough due diligence before engaging with this entity.
Overview compiled by FXCanary from regulatory records and public data. full Choice Forex review