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 visited the dealer BAK in London, UK, with the specific address at 178a WandsworTh Road London SW8 2LA UNITED KINGDOM.

According to the above address, the survey team came to the destination of this survey. It was located in the Wandsworth District of South London. There were no office buildings , only stores along the street, which were small two-storey buildings. It was found that the destination was under renovation. Then, the surveyors asked the renovation workers and confirmed that there was a KTV operating here before. In the end, the surveyors failed to find any information about the dealer BAK near the destination.

Conclusion

The survey team went to London, UK, to visit the the dealer BAK and found no office at its business address. It was supposed that the dealer might just use that address to register its company, or there was no offline exhibition place. Please be prudent when trading with this broker.

Disclaimer

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