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, England to visit the foreign exchange dealer Edward as planned. The survey address is 11-12, Tokenhouse Yard London EC2R 7AS UNITED KINGDOM.

The survey personnel came to the destination of the current survey based on the above address. This place is located in the alley, not on the street. There are only two exits from the north and the south. The south can lead back to the street and the north can reach the alley. This building has a classic atmosphere. You can see a set of armor the minute you enter, which is quite distinctive. The front desk inside is not directly facing the door, but is leaning on the side, resembling the one in a hotel. People come in and out, going up and down the stairs. The investigators assume that the building is more like a hotel than an office. In addition, the investigators are unable to find the logo or other information of the foreign exchange dealer Edward, though there are many foreign exchange dealers exhibiting their business addresses here.

Conclusion

The investigators went to London to visit the foreign exchange dealer Edward 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 advised to choose the dealer carefully.

Disclaimer

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