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 Silicon Signals in London, UK, with the specific address at Token House 11-12 Tokenhouse Yard London EC2R 7AS UNITED KINGDOM.

According to the above address, the survey team came to the destination of this survey, an office building named “Token house” in London, UK. The building is a typical European-style one, which is very beautiful. It is located in central London, but far from the main road, which is difficult to find.   

Arriving at the destination No. 12, the team found the door closed. Looking through the glass, they found the inside area was very small. In the vicinity, the surveyor did not find the logo of Silicon Signals or any other information.

Conclusion

The survey team went to London, UK, to visit the the dealer Silicon Signals and found no office at its regulatory address. It was supposed that the dealer just used 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.