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 SaveFX as planned. The survey address is Floor 6-8 Bonhill Street London EC2A 4BXUNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address, which is an office building located at 6-8 Bonhill Street, London, England. The building is located in a commercial area with many tall buildings around, which looks quite prosperous.

The investigators were about to enter the building, but unfortunately found that the building had access control, and no logo or other information of the foreign exchange dealer SaveFX was found outside the building.

Conclusion

The investigators went to London, UK to visit the foreign exchange dealer SaveFX as planned. They did not find the dealer’s office on the publicly displayed address. The dealer may only use the address to register the company 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.