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 Kyte in London, UK, with the specific address at 55 Baker Street London W1U 8EW UNITED KINGDOM.

According to the above address, the survey team came to the destination of this survey, an office building located at 55 Baker Street, London, UK. The building is a modern one, but it is not located in a professional office block. Therefore, the surrounding of that is not very prosperous.

When the surveyors approached the building, they did not find the directory of it. Also, they failed to find the logo or any other information of Kyte, the foreign exchange dealer. Since the surveyors were unable to enter the building, they had to end the survey trip.

Conclusion

The survey team went to London, UK, to visit the the dealer Kyte and found no office at its regulation address. In other words, the given business address might be fake. 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.