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 CBWFX as planned. The survey address is Princes Court 7 Princes Street London EC2R 8AQ UNITED KINGDOM.

The survey personnel came to the destination of the survey based on the above address, which is an office building located at 7 Princes Street in London, England. The building is located on Bank Street in the center of London, and the neighborhood is quite prosperous. It is a typical British building whose white exterior wall is very conspicuous.

The investigators approached the building and found that the entire building was very majestic. There was no sign outside the building. The logo or other information of the foreign exchange dealer CBWFX could not be found. Unable to enter the building, the investigators had no choice but to end the survey trip.

Conclusion

The investigators went to London to visit the foreign exchange dealer CBWFX as planned. They did not find the dealer's office on its regulatory address. This is a situation of untrue regulation. Investors are advised to choose this dealer carefully.

Disclaimer

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