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 Hengda in London, UK, with the specific address at Hantec House 12-14 Wilfred Street London SW1E 6PL UNITED KINGDOM.

According to the above address, the survey team moved around to the destination of this survey,  an office building located in 12-14 Wilfred Street, London, UK. The building looks like an English classical building in appearance, which is located in a small alley, so it is very difficult to find.

The team came to the entrance of building, but found no logo of Hengda on the directory outside the building. It was found that the building was closed, so they had to end the survey trip. 

Conclusion

The survey team went to London, UK, to visit the the dealer Hengda 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.