A Fully Regulated Financial Organisation
As banks have become increasingly focused on risks in identified regions, in many cases withdrawing their activities from whole areas of the globe, Choice has chosen to focus on the actual parties in a transaction, not on blanket decisions regarding global location. This has required the development of the most robust compliance processes to be found anywhere in the financial marketplace.
Our processes are officially vetted and sanctioned, and Choice Forex is an Authorised Payment Institution, registered with the Financial Conduct Authority under number 586676. We are also registered as a Supervised Business with HMRC as a Money Transmitter and Bureau de Change under registration number 12231539. A list of identified Fit and Proper Individuals is available on request.
Distributed Banking Model
Choice Forex has established relationships with several global banks. This allows greater stability and flexibility in payment speed and routing, and insulates our customers from changes in policy or international reach. All of our partner banks have fully approved and accepted our compliance methods.
Payments on Tap
If you're serious about dealing internationally, then you'll need a serious toolkit to help you keep control of your payments.
Our newly updated, purpose-built online app is comprehensive, easy to use, and puts the very latest movements on your account just a finger-tap away.
Our business model is strictly transaction-based and for tangible goods only. We work exclusively business-to-business, and don't speculate in currency markets, futures or investments. nor do we take any financial interest in the products being bought or sold. Every payment we make is in accordance with an identified transaction, backed by a corresponding invoice.
100% end-to-end diligence
Our 100%, non-stop monitoring of every transaction we manage may well be unique. We believe that it's only by constant, comprehensive vigilance that we can protect your interests and good name.
We're not here just to exchange currencies for you. We're here to support your business.