Purpose

The UK foreign exchange market is a long-established and highly developed international forex market. Since the development of the modern financial system, it has consistently been one of the core hubs for global foreign exchange trading, boasting a mature regulatory framework and an active trading environment. To assist investors or practitioners in gaining a more comprehensive understanding of forex brokers in this region, the on-site verification team traveled to the UK to conduct field visits.

Process

In this issue, the on-site inspection team went to the United Kingdom as planned to conduct a field visit to the forex broker Choice Forex. According to public information, its office address is c/o PKF LITTLEJOHN 2nd Floor 1 WesTFerry Circus London E14 4HD UNITED KINGDOM.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, proceeded to the United Kingdom according to a well-planned schedule to conduct a physical verification of the broker Choice Forex, which claims to be located at c/o PKF LITTLEJOHN 2nd Floor 1 WesTFerry Circus London E14 4HD UNITED KINGDOM.

The inspectors successfully arrived at the target building, which is situated in London's financial district. The surrounding area has a strong commercial atmosphere, with an overall bustling and clean environment.

There is a directory board at the building entrance, but no signage or any relevant information for Choice Forex was seen on it.

The inspectors entered the building lobby and, after stating their purpose to the security guard, obtained permission to enter. However, no company directory listing for Choice Forex was found inside the building, nor was the company's LOGO seen.

As it was impossible to obtain more information about the specific floor of the company, the inspectors could not reach the specific floor and confirm its exact location. Also, due to the lack of relevant guidance and permission, the inspectors were unable to enter the company's premises. The office is not a shared office space.

From the lobby area, as entry into the company was not possible, the internal environment of the company could not be observed. Overall, it was impossible to confirm whether it matches its claimed positioning.

Therefore, after the on-site inspection, it was confirmed that the broker Choice Forex does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker Choice Forex in the UK as planned. At the publicly displayed business address, no information such as the company name of this broker was found, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be used as the final basis for selection.