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 CRESCOFX as planned. The survey address is 21 ArlinGTon STreeT London SW1A 1RN UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address. It is close to Hyde Park, where there are many hotels and restaurants. The door was closed since it was during the weekend. A very small house number could be seen. There was no way to know more about the specific situation. Unluckily, the investigators were unable to find the logo or other information of the foreign exchange dealer CRESCOFX.

Conclusion

The investigators went to London to visit the foreign exchange dealer CRESCOFX 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.