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 Lionheart as planned. The survey address is 1 Fore ST London EC2Y 9DT UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address, which is an office building located at 1 Fore ST in London, England. The building is very high-profile, and is not located in a downtown area, and the vicinity is not very prosperous.

The investigators entered the building and found that there were two blocks on the first floor, one with access control to the upper floor, and the other with a door to the shared office area. In the lobby, the investigators could not find the office of the foreign exchange dealer Lionheart, and they had no choice but to end the survey trip since they could not go upstairs to visit.

Conclusion

The investigators went to London to visit the foreign exchange dealer Lionheart as planned. They did not find the dealer's office on its regulatory address. This is a situation of untrue regulation. Investors are advised to choose this dealer carefully.

Disclaimer

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