Survey Background 

The investigation staff has received calls from investors asking for more disclosure of traders whose real office address was not in accordance with the address that regulation agency released. Based on the feedback from the investors and our working plan, the investigation team plans to visit ProChoice in Cyprus on spot.

Building Survey

According to the regulation information, the company address of ProChoice in Cyprus is 57 Spyrou Kyprianou, Frangkou Premises, 1st Floor - Office 102, CY-6051 Larnaka.The investigation staff visited the spot.

Guided by the regulation information,the investigation staff arrived at 57 Spyrou Kyprianou. It took them a while to get to the multilevel building named“Frangkou Premises” with a conspicuous logo of ProChoice. The investigation staff learned that this building was going to be redecorated.

Exclusive

Entering the building, the investigation staff saw an old office directory of ProChoice, which showed that ProChoic was on the 4th floor.

The investigation staff headed to the office door of ProChoice and found its notice of address change. Then they came downstairs to ask the construction staff and was told that ProChoice had moved away because the building was about to be reconstructed.

Conclusion

Through this on-the-spot investigation by the survey team, we concluded that ProChoice’s office in Cyprus does NOT exist.

As for license, the broker held a STP license from CySEC. Please think twice and then make choice.