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 BlackHorse in London, UK, with the specific address at Maple House 118 High Street Purley Surrey CR8 2AD UNITED KINGDOM.

Based on the above address, the survey team came to the destination of this survey. The building is located in the developed commercial and residential area of Purley, South East London, about 5 minutes walk from Purley train station, on a relatively quiet street away from the main road, with hospitals and department stores nearby. It is a four-storey shared office building with companies from various industries. Also, there is a directory outside the building displaying all the companies in the building.

The surveyors found that the directory at the entrance did not have the name of the dealer. After checking with the building receptionist, no information about the dealer BlackHorse could be found. In the end, the surveyors confirmed that the dealer did not have an office there.

Conclusion

The survey team went to London, UK, to visit the dealer BlackHorse as planned, and found no office at its business address. It was supposed that the dealer might just use 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.