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 HYCM as planned. The survey address is 18 King William Street London EC4N 7BP UNITED KINGDOM.

The survey personnel came to the destination of the current survey based on the above address. The building is not open due to the epidemic. The building is modern in style. It is a ten-minute walk from the subway station. There are banks and classical buildings nearby. The transportation is convenient and the location is in a prosperous area. Unfortunately, the investigators cannot find the logo or other information of the foreign exchange dealer HYCM here.

Conclusion

The investigators went to London, UK to visit the foreign exchange dealer HYCM 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 advised to choose the dealer carefully.

Disclaimer

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