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, UK to visit the foreign exchange dealer Interactive Brokers as planned. The survey address was Heron Tower Level 20 110 Bishopsgate London EC2N 4AY UNITED KINGDOM.

The survey personnel came to the destination of the current survey based on the above address. The whole building is under construction, and the surrounding area is fenced with iron net and cannot be accessed. According to the map, this address is the salesforce building, and it is impossible to determine which building. There is a church on the opposite side of the building with a lot of vehicles and a few pedestrians nearby. The investigators suppose the construction program has just begun, and it’s going to take a long time for the building to resume business. The investigators cannot find the logo or other information of the foreign exchange dealer Interactive Brokers.

Conclusion

The investigators went to London, UK to visit the foreign exchange dealer Interactive Brokers as planned. They did not find the dealer’s office on the publicly displayed address, and the dealer simply registered the company at that address without real business premises. Investors are requested to choose the dealer carefully.

Disclaimer

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