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 CMS in London, UK, with the specific address at 3rd Floor 50 Bank Street London E14 5NT UNITED KINGDOM.

According to the above address, the survey team came to the destination of this survey. The gate of building was under renovation. Since the door number was inside, it could not be seen when passing by. However, one side door was found open, and there was a sign next to it indicating the door number. The surveyors entered the building through the side door. They found the inside space was clean overall but there was no staff there. Finally, they failed to find the logo or other information of the dealer CMS.

Conclusion

The survey team went to London, UK, to visit the the dealer CMS and found no office at its business address. It was supposed that the dealer might just use 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.