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 OXDFX as planned. The survey address is 5 Frederick's Place London EC2R 8JQ UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address, which is located in an office building at 5 Frederick's Place in London, England. It is an old-fashioned building with an old appearance. There is no professional office area nearby and it is not very prosperous.

The investigators approached the building and found that it seemed to be a residential building and that someone was moving. Since the investigators were unable to enter the building to visit, the survey trip ended.

Conclusion

The investigators went to London, England to visit the foreign exchange dealer OXDFX 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.