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 Pangea FX in London, UK, with the specific address at The STeward BuildinG 12 STeward STreeT London E1 6FQ UNITED KINGDOM.

According to the above address, the survey team came to the destination of this survey, a building located at 12 STeward STreeT, London, UK. The building is conveniently located near the road and close to the subway station.

The building is a comprehensive one with many stores on the first floor. There is no signage outside the building. And the team failed to find the logo or any other information of Pangea FX. 

Conclusion

The survey team went to London, UK, to visit the the dealer Pangea FX and found no office at its regulatory address. In other words, the given business address might be fake, or the dealer just used that address to register its company. 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.