Reason for this visit

According to the Reuters, the United Kingdom has expanded its leading position in the field of global FX trading in the years since it voted to leave the European Union. In addition, the British retail foreign exchange market has one of the world's three most stringent regulatory bodies, that is the Financial Conduct Authority (FCA). Many FX dealers take obtaining FCA regulation for pride, and also hope to enter the country to develop market business. To help investors or practitioners have a more comprehensive understanding of the dealers in that country, the survey team is going to UK for site visits.

On-site visit

This time the survey team went to London, England to visit the foreign exchange dealer ATC as planned. The survey address is No 1 Poultry London EC2R 8EJE C 2 R 8 E J UNITED KINGDOM.

The survey personnel came to the destination of the survey according to the above address. The building is directly opposite the Bank of England, located at an intersection. There are doors on both sides of the building leading to the main road, and the glass display table can be seen on the basement level. There is a security guard on duty on the first floor, and there are people coming out of the elevator. Because of the epidemic, visitors are not allowed to go inside and therefore can't see what the upstairs look like. The first floor is a bit dirty, but the design is stylish. The survey personnel cannot find any information about the foreign exchange dealer ATC near the destination.

Conclusion

The investigators went to London, UK to visit the foreign exchange dealer ATC as planned. They did not find the dealer’s office on the publicly displayed address, and the dealer simply registered the company at that address without real business premises. Investors are requested to choose the dealer carefully.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.