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 fake PhillipCapital UK. The survey address is 12-14 Mason's Avenue 3rd Floor London EC2V 5BT UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address, which was an office building located at 12-14 Mason's Avenue in London, England. The building was in a small alley and was located in a non-professional office block, which was not very prosperous. There was no sign outside the building, so it was impossible to find the logo or other information of the fake PhillipCapital UK.

The investigators entered the building. However, they still couldn’t find the logo or other information of the fake PhillipCapital UK.

Conclusion

The investigators went to London to visit the foreign exchange dealer - fake PhillipCapital UK as planned. They did not find the dealer’s office on the publicly displayed address. The dealer may just register the company here without real business premises. 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.