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 NEX as planned. The survey address is London FruiT & Wool ExchanGe 1 Duval Square London E1 6PW UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address. The building is next to a market, so the surrounding traffic is relatively busy. The office building is designed quite delicately. Several buildings are connected together and all use floor-to-ceiling glass. Therefore it can be seen from the outside that there is a lot of space inside. However, the survey personnel cannot find the logo or other information of the foreign exchange dealer NEX here.

Conclusion

The investigators went to London, England to visit the foreign exchange dealer NEX as planned. They did not find the dealer’s office on the publicly displayed address, and the dealer simply registered the company at this 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.